6. The more sensible part of mankind have thought […] of C••a•t on many Accounts preferable to silver in their Pockets; it is so in Venice, P••i•, Leghorn & Amsterdam, and other s•••••ding places. We shall find men who ha•• had store of money, have carried it into Banks, from whence they have taken only Bills of Credit, with which they have managed all their businesses, Bills being less Troublesome, & Cumber some, then Silver would be; and more Safe. What happened at Venice is very memorable: That State had occasion for Two Millions of Ducats, accordingly monies were brought into the Bank, and Bills given out for the •ame value; such was the usefulness of these Bills that they would not afterwards be parted with for money; and the Government was for••d unto Contrivances, to limit the value of them. If we as well understood our interest, these Bills would in a little time be so valuable, that men would Cheerfully give Silver, to purchase them at their full Credit. 'Tis true ours are founded on the acknowledgement which the Country hath made of their being so much in Debt, and their Resolution of raising what is owing. Now suppose, that Fund, be never so Tottering, it is a sufficient bottom for those few Bills which there hath yet bin order for: besides, these have some advantages which Stamp• Silver will never have; They are ⟨p. 19⟩so well Contrived, that it is harder to Counterfeit any of them, then to Counterfeit any Coin in the World. And though they are more Portable then Co••, yet they will not be Exported out of the Land; nor will they be hoarded up, but Inspire our whole trade with such a vigour as hitherto hath not been seen. All men must own, that till we can light on something Equivalent to Coin, that may Run amongst us in such a quantity as may agree with our Affairs, and yet not Bleed away in vast sum's by every Vessel that goes to foreign parts, we shall always have a Consumption upon us, In short, if the way of d•aling with these Bills, were more improved and refined, it were easy to propose a certain Method by which this poor Country might in one half years time be Enriched above One Hundred Thousand Pound:
6. The more sensible part of mankind have thought 〈…〉 of C••a•t on many Accounts preferable to silver in their Pockets; it is so in Venice, P••i•, Leghorn & Amsterdam, and other s•••••ding places. We shall find men who ha•• had store of mony, have carried it into Banks, from whence they have taken only Bills of Credit, with which they have managed all their businesses, Bills being less Troublesome, & Cumber some, then Silver would be; and more Safe. What hapned at Venice is very memorable: That State had occasion for Two Millions of Ducats, accordingly monys were brought into the Bank, and Bills given out for the •ame value; such was the usefulness of these Bills that they would not afterwards be parted with for mony; and the Government was for••d unto Contrivances, to limit the value of them. If we as well understood our interest, these Bills would in a little time be so valuable, that men would Cheerfully give Silver, to purchase them at their full Credit. 'Tis true ours are founded on the acknowledgement which the Country hath made of their being so much in Debt, and their Resolution of raising what is owing. Now suppose, that Fund, be never so Tottering, it is a sufficient bottom for those few Bills which there hath yet bin order for: besides, these have some advantages which Stamp• Silver will never have; They are ⟨p. 19⟩so well Contrived, that it is harder to Counterfeit any of them, then to Counterfeit any Coyn in the World. And though they are more Portable then Co••, yet they will not be Exported out of the Land; nor will they be hoarded up, but Inspire our whole trade with such a vigor as hitherto hath not been seen. All men must own, that till we can light on something Equivalent to Coyn, that may Run amongst us in such a quantity as may agree with our Affayrs, and yet not Bleed away in vast summ's by every Vessel that goes to forreign parts, we shall always have a Consumption upon us, In short, if the way of d•aling with these Bills, were more improved and refined, it were easie to propose a certain Method by which this poor Country might in one half years time be Enriched above One Hundred Thousand Pound:
