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When, therefore, by the substitution of paper, the gold and

silver necessary for circulation is reduced to, perhaps, a fifth

part of the former quantity, if the value of only the greater

part of the other four-fifths be added to the funds which are

destined for the maintenance of industry, it must make a very

considerable addition to the quantity of that industry, and,

consequently, to the value of the annual produce of land and

labour.

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