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502 SWEDENBORG IN THE HOUSE OF NOBLES. [Doc. 174.
>
Moreover, as by such a policy confidence will be restored among
business men, so that within a certain time payment will be
received in lieu of certificates of indebtedness , which are
now in circulation, the course of exchange may by that time
decrease and fall; 3. That within that time the owners of
" lånebanks-settlar,” ſi. e. of banknotes promising upon present
ation to pay money as a loan upon property,] will be gratified
by having usual banknotes given to them in place of the
former: for to pay for these annually in silver is paying 7 to
8 per cent, instead of 4’s, when yet their owners have no
stronger claims than those who own bills of exchange, upon
which is printed : “this bill also shall be paid at the bank
upon presentation.” On the other hand, however, the bank
may, by this process, be emptied again of its “plates," and
may experience such a deficiency of ready money, that the
country’s treasury of coin, which is the bank, will scarcely le
able by wisdom and judgment to supply it. Necessity itself,
therefore, demands, what I now for the same reason propose;
namely 4. That the bank meanwhile save and collect as many
" coin plates” as possible, and that no exportation, either of
“ plates” or crude copper, be permitted, inasmuch as these
are the only basis upon which the currency of the country
can be restored, and upon which the bank itself can be opened
again, and become such a bank as it was before, and such
as every bank in other countries is, and as must inevitably
at some time be done. 5. That the number of employés
at the bank be reduced, in proportion as its business
diminishes ; that this reduction, however, take place according
to a general law, i. e. in proportion as the officials die, and
as worthy men can be promoted to some other more useful
place. 6. That the Iron -Office be abolished, as it has
made use of expedients for forcing up the price of iron,
whereby the course of exchange is constantly kept high and
can only be lowered a little now and then according to its
demand, and the remonstrances of several combined : for what
merchant can afford to purchase iron which is kept so high
in price, unless he see the high course of exchange to be advan
tageous to him, and therefore seeks to preserve it; as may also
be done by those who trade in iron, inasmuch as they have
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