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An Inquiry into the Principles of Political Oeconomy (Vol. 2 of 2)

Note 11 — PART II. OF BANKS. (continued 2)

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The directors of the bank of England have had recourse to a like expedient with as little success. They used, during the war, to buy up, with their paper, the coin brought in by privateers; and after they had been at this trouble, the notes they had given for it returned upon them, and drew it out again.

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