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Title:  Essays upon several projects: or, effectual ways for advancing the interest of the nation.:
Author: Defoe, Daniel, 1661?-1731.
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Of BANKS.BANKS, without question, if rightly manag'd, are, or may be, of great Advantage, especially to a Trading People, as the English are; and among many others, this is one particular case in which that Bene|fit appears, That they bring down the Interest of Money, and take from the Goldsmiths, Scriveners, and others, who have command of running Cash, their most delicious Trade of making advantage of the necessities of the Merchant, in extravagant Discounts, and Premio's for advance of Money, when either large Customs or Foreign Remittances, call for Disbursements be|yond his common Ability; for by the easiness of Terms on which the Merchant may have Money, he is en|courag'd to venture further in Trade 0