A quite different method of estimating the circulation has been adopted by mr

. The credit of the state had been so used in England: though there had lately been a civil war and several revolutions, the honesty of the English Government was trusted implicitly. Actual crime will always be rare; but, as an uninspected manager of a great bank has the control of untold millions, sometimes we must expect to see it: the magnitude of the temptation will occasionally prevail over the feebleness of human nature. New wants are mostly supplied by adaptation, not by creation or foundation. But as to bankers in the English sense of the word, the rule is rigid and absolute. [23] 5. │ Deposits. ‘But though plentiful money is necessary to high prices, and though it has a natural tendency to produce these prices, yet it is not of itself sufficient to produce them. 7. In truth, the Bank do not lend from the motives which should make a bank lend. And they do not play as useful a part in the Indian Financial System, as with a different history behind them they might do.

Further, it is certain that a large number are melted every year and used as bullion.

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