Excerpt from Tracts Relating to the Currency of the Massachusetts Bay, 1682-1720

Authority, or private Persons, in the nature of a money-bank or merchandise-lumber, to pass Credit upon, by book-entries, or Bils of Exchange, for great Payments: and Change-bills for run ing Cash. Wherein is demonstrated, First, the necessity of having a Bank, to inlarge the Measure of Dealings in this Land, by shewing the benefit of Money, if enough to mete Trade with, C9' the dis advantages, when it is otherwise.

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