Note 396 — Chapter II · (continued 2)

What has been called “the first gun fired in the Land-bank war of 1714-1721” was a reprint in Boston, in 1714, of a tract which was originally published in London in 1688, called A Model for erecting a Bank of Credit. Adapted especially for his majesties Plantations in America. (Prince Catal., p. 45.) The Boston preface, dated Feb. 26, 1713-14, says that “a scheme of a bank of credit, founded upon a land security, ... will be humbly offered to the consideration of the General Assembly at their next session.” (Sabin, no. 49,795; Brinley, i. no. 1,430.)