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By its liberality in granting cash-accounts, and in discounting

bills of exchange, it, no doubt, issued great quantities of its

bank notes. But those bank notes being, the greater part of them,

over and above what the circulation of the country could easily

absorb and employ, returned upon it, in order to be exchanged for

gold and silver, as fast as they were issued. Its coffers were

never well filled. The capital which had been subscribed to this

bank, at two different subscriptions, amounted to one hundred and

sixty thousand pounds, of which eighty per cent. only was paid

up. This sum ought to have been paid in at several different

instalments.