Chap。XXIII
OfthefirstEstablishmentofMrLaw’sBankinFrance,intheyear1716
Indeducingtheprinciplesofcredit,Ihaveitchieflyinview,tosetinafairlight,thesecurityuponwhichpapermoneyisestablished:andasIimagine,thisimportantbranchofmysubjectwillstillberenderedmoreintelligible,byanexampleoftheabusetowhichthisgreatengineofcommerceisexposed,I
nowproposetogivemyreaderashortaccountofthefamousbankofcirculationfirstestablishedinFrancebyMrLaw;butafterwardsprostitutedwhetherbydesign,orbyfatality,I
shallnotheredeterminetoservetheworstofpurposes;