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¡¡¡¡¡¡¡¡¡¡In¡¡a¡¡country¡¡where¡¡the¡¡ordinary¡¡profits¡¡of¡¡stock¡¡in¡¡the
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the¡¡good¡¡fortune¡¡to¡¡find¡¡it¡£
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have¡¡recourse£»¡¡either¡¡to¡¡other¡¡bankers£»¡¡or¡¡to¡¡other¡¡methods¡¡of
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when¡¡all¡¡of¡¡them¡¡had¡¡already¡¡gone¡¡too¡¡far£»¡¡to¡¡make¡¡about
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those¡¡projectors¡£¡¡Their¡¡own¡¡distress£»¡¡of¡¡which¡¡this¡¡prudent¡¡and
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occasion£»¡¡they¡¡called¡¡the¡¡distress¡¡of¡¡the¡¡country£»¡¡and¡¡this
distress¡¡of¡¡the¡¡country£»¡¡they¡¡said£»¡¡was¡¡altogether¡¡owing¡¡to¡¡the
ignorance£»¡¡pusillanimity£»¡¡and¡¡bad¡¡conduct¡¡of¡¡the¡¡banks£»¡¡which¡¡did
not¡¡give¡¡a¡¡sufficiently¡¡liberal¡¡aid¡¡to¡¡the¡¡spirited¡¡undertakings
of¡¡those¡¡who¡¡exerted¡¡themselves¡¡in¡¡order¡¡to¡¡beautify£»¡¡improve£»
and¡¡enrich¡¡the¡¡country¡£¡¡It¡¡was¡¡the¡¡duty¡¡of¡¡the¡¡banks£»¡¡they¡¡seemed
to¡¡think£»¡¡to¡¡lend¡¡for¡¡as¡¡long¡¡a¡¡time£»¡¡and¡¡to¡¡as¡¡great¡¡an¡¡extent
as¡¡they¡¡might¡¡wish¡¡to¡¡borrow¡£¡¡The¡¡banks£»¡¡however£»¡¡by¡¡refusing¡¡in
this¡¡manner¡¡to¡¡give¡¡more¡¡credit¡¡to¡¡those¡¡to¡¡whom¡¡they¡¡had¡¡already
given¡¡a¡¡great¡¡deal¡¡too¡¡much£»¡¡took¡¡the¡¡only¡¡method¡¡by¡¡which¡¡it¡¡was
now¡¡possible¡¡to¡¡save¡¡either¡¡their¡¡own¡¡credit¡¡or¡¡the¡¡public¡¡credit
of¡¡the¡¡country¡£
¡¡¡¡¡¡¡¡¡¡In¡¡the¡¡midst¡¡of¡¡this¡¡clamour¡¡and¡¡distress£»¡¡a¡¡new¡¡bank¡¡was
established¡¡in¡¡Scotland¡¡for¡¡the¡¡express¡¡purpose¡¡of¡¡relieving¡¡the
distress¡¡of¡¡the¡¡country¡£¡¡The¡¡design¡¡was¡¡generous£»¡¡but¡¡the
execution¡¡was¡¡imprudent£»¡¡and¡¡the¡¡nature¡¡and¡¡causes¡¡of¡¡the
distress¡¡which¡¡it¡¡meant¡¡to¡¡relieve¡¡were¡¡not£»¡¡perhaps£»¡¡well
understood¡£¡¡This¡¡bank¡¡was¡¡more¡¡liberal¡¡than¡¡any¡¡other¡¡had¡¡