Chapter II: Part II: Of Banks

CHAP. I. Of the various kinds of credit, 141

CHAP. II. Of private credit, 144

CHAP. III. Of banks, 146

CHAP. IV. Of banks of circulation upon mortgage or private 150
credit,

CHAP. V. Such banks ought to issue their notes on private, 153
not mercantile credit,

CHAP. VI. Use of subaltern bankers and exchangers, 154

CHAP. VII. Concerning the obligation to pay in coin, and 157
the consequences thereof,

CHAP. VIII. How a wrong balance of trade affects banks of 161
circulation,

CHAP. IX. How a grand balance may be paid by banks, without 162
the assistance of coin,

CHAP. X. Insufficiency of temporary credits for the payment 164
of a wrong balance,

CHAP. XI. Of the hurt resulting to banks, when they leave 165
the payment of a wrong balance to exchangers,

CHAP. XII. How the payment of a wrong balance affects 169
circulation,

CHAP. XIII. Continuation of the same subject; and of the 178
principles upon which banks ought _to borrow abroad_, and
_give credit at home_,

CHAP. XIV. Of optional clauses contained in bank notes, 195

CHAP. XV. Of subaltern banks of circulation, and of their 202
competition with one another,

CHAP. XVI. Of some regulations proper to be made with 205
regard to national banks,

CHAP. XVII. When, and in what case, banks should be obliged 208
to keep open books,

CHAP. XVIII. Is it the interest of banks to grant credits 210
and cash accompts to exchangers and others, who make a
trade of sending coin out of the country?

CHAP. XIX. Application of the principles above deduced, 212
towards forming the policy of circulation,

CHAP. XX. Objections to this doctrine, 215

CHAP. XXI. How, by a return of a favourable balance, the 218
bank may be enabled to pay off the debts due to
foreigners, and thus deliver the nation from that burden,

CHAP. XXII. Of banks of circulation, established on 220
mercantile credit,

CHAP. XXIII. Of the first establishment of Mr. Law’s bank 235
of circulation, in the year 1716,

CHAP. XXIV. Account of the variations of the French coin 236
some time before and after the death of Louis XIV.

CHAP. XXV. Continuation of the account of Law’s bank, 239

CHAP. XXVI. Account of the royal Mississippi bank of 243
France, established on public credit,

CHAP. XXVII. A short account of the French company of the 247
Indies,

CHAP. XXVIII. Chronological anecdotes, 250

CHAP. XXIX. Continuation of the royal bank of France, until 252
the time the company cf the Indies promised a dividend of
200 livres _per_ action,

CHAP. XXX. Inquiry into the motives of the Duke of Orleans 256
in concerting the plan of the Mississippi,

CHAP. XXXI. Continuation of the account of the royal bank 265
of France, until the total bankruptcy the 21st of May
1720,

CHAP. XXXII. Conclusion of the Mississippi scheme, 270

CHAP. XXXIII. Why credit fell, and how it might have been 276
supported,

CHAP. XXXIV. How the diminishing the denomination of the 284
paper in circulation, by the arret of the 21st of May
1720, destroyed the credit of France, when the same
arbitrary measures taken with regard to the coin had
produced no such effect,

CHAP. XXXV. How a bank may be safely established in France, 289
as matters stand at present,

CHAP. XXXVI. Of banks of deposit and transfer, 291

CHAP. XXXVII. Of the bank of Amsterdam, 292

CHAP. XXXVIII. Of the agio of the bank of Amsterdam, 294

CHAP. XXXIX. Continuation of the same subject; and 298
concerning the circulation of coin through the bank of
Amsterdam,

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PART III.

Of Exchange.

CHAP. I. OF the first principles of exchange, 310

CHAP. II. How to determine exactly the true and intrinsic 316
value of the metals, coin, or money, in which a balance
to foreign nations is to be paid,

CHAP. III. How to remove the inconveniences which occur in 325
paying balances with the metals or coin of a nation,

CHAP. IV. How the price of exchange, _in a prosperous 333
trading nation_, may be prevented from operating upon the
whole mass of reciprocal payments, instead of affecting
the balance only,

CHAP. V. How, when other expedients prove ineffectual for 344
discharging of balances, the same may be paid by the
means of credit, without the intervention of coin or
bullion; and who are they who ought to conduct that
operation,

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