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The different operations of this scheme are explained so fully,

so clearly, and with so much order and distinctness, by Mr Du

Verney, in his Examination of the Political Reflections upon

commerce and finances of Mr Du Tot, that I shall not give any

account of them. The principles upon which it was founded are

explained by Mr Law himself, in a discourse concerning money and

trade, which he published in Scotland when he first proposed his

project. The splendid but visionary ideas which are set forth in

that and some other works upon the same principles, still

continue to make an impression upon many people, and have,

perhaps, in part, contributed to that excess of banking, which

has of late been complained of, both in Scotland and in other

places.