Excerpt from An Essay on the General Principles and Present Practice of Banking, in England and Scotland: With Supplementary Observations on the Steps Proper to Form a Public Bank, and the System on Which Its Accounts Ought to Be Kept Before the publication of this Pamphlet, the public at large were totally unaware of the superiority of the Scotch system of Banking over that established in this country. Smith, in his -wealth of Nations, fifty years ago pointed out the great accommodation afforded to the public by the Scotch Banks, and the advantages which the commerce and agriculture of the countryu. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.