Book · An Inquiry into the Wealth of Nations
Page 828 of 2651
Author: Adam Smith
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When a banker had even made this discovery, he might sometimes
make it too late, and might find that he had already discounted
the bills of those projectors to so great an extent, that, by
refusing to discount any more, he would necessarily make them all
bankrupts; and thus by ruining them, might perhaps ruin himself.
For his own interest and safety, therefore, he might find it
necessary, in this very perilous situation, to go on for some
time, endeavouring, however, to withdraw gradually, and, upon
that account, making every day greater and greater difficulties
about discounting, in order to force these projectors by degrees
to have recourse, either to other bankers, or to other methods of
raising money: so as that he himself might, as soon as possible,
get out of the circle.
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