Book · An Inquiry into the Wealth of Nations
Page 861 of 2651
Author: Adam Smith
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Though no paper money, therefore, was allowed to be issued, but
for such sums as would confine it pretty much to the circulation
between dealers and dealers; yet partly by discounting real bills
of exchange, and partly by lending upon cash-accounts, banks and
bankers might still be able to relieve the greater part of those
dealers from the necessity of keeping any considerable part of
their stock by them unemployed, and in ready money, for answering
occasional demands. They might still be able to give the utmost
assistance which banks and bankers can with propriety give to
traders of every kind.
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