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The debtors of such a bank as that whose conduct I have been

giving some account of were likely, the greater part of them, to

be chimerical projectors, the drawers and redrawers of

circulating bills of exchange, who would employ the money in

extravagant undertakings, which, with all the assistance that

could be given them, they would probably never be able to

complete, and which, if they should be completed, would never

repay the expense which they had really cost, would never afford

a fund capable of maintaining a quantity of labour equal to that

which had been employed about them.