Publisher's Synopsis
This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1750 edition. Excerpt: ... are so connected with the country itself, that there Book xxrr would be great difficulty in transferring them to an- CJiap other. But since, by the course of exchange, riches & 17. are in some degree independent on any particular Hate, and since they may with so much ease be conveyed from one country to another; that must be a bad law which will not permit persons for their own interest to dispose of their lands, while they can dispose of their money. It is a bad law, because it gives an advantage to moveable effects, in prejudice to the land; because it deters strangers from settling in the country, and, in short, because' it may be eluded.; CHAP. XVI. The ajjistcmce a Jlate may derive from bankers. TH E bankers business is to change, not to lend money. If the prince makes use of - them to exchange his specie, as he never does it but in great affairs, the least profit he can give for the remittance, becomes considerable; and if they demand large profits, we may be certain that there is a fault in the administration. On the contrary, when they are employed to advance specie, their art consists in procuring the greatest profit for the use of it, without being liable to be charged with usury. CHAP. XVII. Of public debts. SOME have imagined that it was for the advantage of a state to be indebted to itself: they thought that this multiplied riches by increasing the circulation. Vol. II. H Those B o o ic Those who are of this opinion have, I believe, ""ha* 17 confounded a circulating paper which represents money, or a circulating paper which is the sign of the profits that a company has, or will make by commerce, with a paper which represents a debt. The two first are extremely advantageous to the state: the last can never be so;..."
