Several assertations proved in order to create another species of money than gold and silver

Nineteenth Assertion.

That a Bank thus establish∣ed, will be a greater Se∣curity to the Government for the future, than a Bank set up for that pur∣pose only.

Cursed be he that divideth the Interest of the Government and People. Private Subjects have all along supplied the Government with Money, through the Bank of Eng∣land as their Casheir, who have taken upon them to dispose of it as their own, and magnified themselves to the Publick for it, which hath put a Disobligation upon their Cre∣ditors, that those that have only the Receipt of the Money, should

be esteemed the Owners of it: Now in this Bank here proposed, the Bank lends the Subjects, and enables them to execute the grate∣ful office of lending the Money to the Publick with their own Hands, and to receive the Profit of it, and yet the Bank is as serviceable to the Crown, as if they lent them the Money directly, because it is incum∣bent on the Bank to pay the Bills, which is the most difficult part in all Accounts: And is not the Crown more secure in being supplied by a Bank, whose Securities are charg∣ed on the Lands, and their Credit supported by the Receipts of the Rents of the Kingdom, than by a Bank to which the King himself is forced to give the chiefest Credit by receiving their Bills in the pub∣lick Revenues, to his loss? That there∣fore a Bank thus established will be greater Security to the Government for

the future, than a Bank set up for that purpose only.

Notes

• Proved.