Part 1: Query 215
Qu.
Whether we may not easily prevent the ill effects of such a bank as Mr Law
proposed for Scotland, which was faulty in not limiting the quantum of bills,
and permitting all persons to take out what bills they pleased, upon the
mortgage of lands, whence by a glut of paper, the prices of things must rise?
Whence also the fortunes of men must increase in denomination, though not in
value; whence pride, idleness, and beggary?
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