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But the paper cannot go abroad; because at a distance from the

banks which issue it, and from the country in which payment of it

can be exacted by law, it will not be received in common

payments. Gold and silver, therefore, to the amount of eight

hundred thousand pounds, will be sent abroad, and the channel of

home circulation will remain filled with a million of paper

instead of a million of those metals which filled it before.

But though so great a quantity of gold and silver is thus sent

abroad, we must not imagine that it is sent abroad for nothing,

or that its proprietors make a present of it to foreign nations.

They will exchange it for foreign goods of some kind or another,

in order to supply the consumption either of some other foreign

country, or of their own.