A PROPOSAL FOR A National BANK, CONSISTING OF LAND, Or any Other Valuable Securities or Depositums: WITH A GRAND CASH FOR Returns of Money, &c. From all Parts within His Majesty's Dominions of England, Scotland, and Ireland, &c. The Whole to be under the Care, Inspection, Trust, and control of the public Authority, and Legal Magistracy.  
As the Same was Presented to the Right Honourable Sir Thomas Lane, Knight, Lord Mayor of the City of LONDON,  
By ROBERT MURRAY, Gent.  
LONDON, Printed for the PROPOSER, 1695 / 6.   

To the Right Honourable Sir THOMAS LANE, Knight, Lord Mayor of the City of London.  
My Lord,  
ENGLAND, at length, beginning to open her Eyes, to the great Convenience and benefits arising from BANKS; And certain Private Persons( now) Attempting to Set up BANKS, which( how specious soever they may seem) can neither be so Extensive, nor so Sure, as if made National, and under the Occonomy of Magistrates; the annexed PROPOSAL is Humbly Offered to Your Lordship's most Serious Consideration: The Intent of It is to lay down a Scheme, or Model of a BANK, so Formed, as to become a General National Good; A BANK, whose Basis will be so Firm and Sure, as to remain Ushaken while the Nation stands. By this Model, the renowned City of LONDON, at present Happy under Your Lordship's Wise and Excellent Administration, is made the Fountain, from whence the benefits to arise by this BANK, are to Flow, and be Diffused throughout the whole Kingdom: The Other Cities, and Incorporated Burroughs, will also in Conjunction with, and Subordinate to LONDON, be made Instrumental to the General Good, intended by This Great Design; and will thereby Hereafter be no longer considered, as so many Little States, shut up within Themselves, and minding only their Particular Interests; who, if Hereby they Treasure up, and Accumulate much Wealth and Riches within Narrow Bounds, it is but to Diffuse it more strongly to the General Benefit.  
This BANK, my Lord, Founded By, and On the Government of the Great Metropolis of ENGLAND, Assisted, and Supported by all the Cities, and Chief Burroughs of the Kingdom,( contrived for Mutual and Universal Advantage, and so Constituted, that no little private Sinister Ends can possibly be advanced to the public Detriment) cannot fail of a General Receiption and Applause. The Wise and Noble Zeal, for the public Service, expressed by your Lordship, in Your most Excellent Speech, upon Your Election and Entrance into the Government of this Great City, gave a Happy Omen of the City's ancient Reviving Glory; and the Establishment of this intended BANK, will Usher-in the Morning of that Day. As under Your Lordship's happy Administration of the City Government, this Great Design was formed and Set on Foot; so, I hope, and wish, it may find Your particular Favour and Encouragement. I beg Leave to observe to Your Lordship, the great Difference between the most Famous BANK of Amsterdam,( justly esteemed One of the pillars and props of Holland and the Several lately attempted BANKS in England: Ours begin on Narrow and private Foundation; and, in their Natures, cannot be Extensive; nor Safe; and do entrust the Keeping and Dispose of Cash in the same Hands, under a private Management, uncontrolled by public Authority: This is a Method so Unsecure, and impolitic, that one may equally wonder, that Men could hope to Impose such Things upon the public and that any could be found so Unthinking as to Credit them; for if they do indeed mean well, yet their Constitutions are modeled to create suspicion: and what Fatal Consequence may not happen, where so great a Trust is Reposed in Private Hands who naturally Contract Private and Separate Interests, divided and distinct from that of the public. The BANK of Amsterdam has all the diversity from our Bank-Attempts, that Things wisely and strongly Founded can have to such as are mean and weak; yet it is not intended, by these Observations, to reflect upon, or lessen any Part of that Good intended by the Parliament to the People, in their Establishment of the BANK of ENGLAND. In Holland, the Magistrates are Guardians; there all is Transacted under a public Direction and Comptrole, and with that Exactness of Management, and Severity of Discipline, that it is impossible for any Fraud to pass without quick Discovery; and when discovered, is Capitally Punished.  
It must be confessed, that the Rise and Original of this BANK was not from a Formed Design of Establishing One; tho it became the Happy and Natural Consequent of a Wise and Just Appointment of the State.  
The Government observing, that many Litigious Disputes happened, to the great Disquiet of their People and Interruption of Trade, about Receipts and Payments of Money; for prevention thereof, appointed a public Office for Receipts and Payments, whose Books were made an authentic Registry of those Matters, and gave an easy Decision to all such Controversies: This Office opened its Books with bare Walls, and without any Cash; only Clreks attending to make Entry of all Receipts and Payments there made. In a little time the Merchants and Traders, finding it troublesone to carry Money to and fro, choose rather to Lodge their Money in this Office; upon which the City and Government became Responsible for the safe Custody of all such moneys; and thus was this Office easily and naturally converted into a BANK.  
Money Lodged in BANK, was in the Bank-Books placed to the Proprietor's Folio or account; and, from time to time, transferred, by Direction, to the accounts of divers persons, for the person to Receive; who found it as Safe and Convenient for him also to continue the Money where it was: So that frequently One Hundred Pounds in BANK, was passed over from one account to another, an Hundred Times, and consequently supplied the Place of Ten Thousand Pounds, every Body finding it more easy, Convenient, and Safe, to continue his Money in the BANK, than to have it in their Private Coffers.  
The Government further thought fit to enjoin, that all Foreign Bills of Exchange should be Paid in BANK: This was a wise Precaution of the State; for it not only added Strength and Reputation to the BANK, but did great and signal Good to the Trade in General, and to abundance of particular Merchants, and Others, by preventing the many great Disorders that happen by disappointments, in Payment of Money entrusted in Private Hands, whose Death, Insolvency, or Frauds, subjected such Payments to frequent and ruinous Accidents.  
And thus, my Lord, I have briefly shown, that the BANK of Amsterdam( which is incomparably the best and greatest in the Word) is Built on these Three Pillars.  
FIRST, An authentic Registry of all Receipts and Payments.  
SECONDLY, The enjoining the Payment in BANK of all Foreign Bills of Exchange: And,  
THIRDLY, The City and Government undertaking the Security of all Money in BANK.  
The like Method taken by the City of London, &c. Must have a like admirable Effect. How far the City have already a Power to make Acts or By-Laws to this End, is not here to be detetmined or enquired; but if any Additional Power be wanting, it seems highly probable to be obtained, in order to so good an End; wherein the Interest of the City is not sought but in Conjunction with that of the rest of the Nation.  
I need not insist upon the many great and happy Consequents, that must need attend so Wise and Noble an Establishment, they are too Obvious to escape your Lordship's Notice: I shall only name, in General, the drawing the ancient Glory and Grandeur of the City, and Raising it far above all former Heights, and the increasing in the City the Ability and Power of Serving the Crown upon sudden and great Emergencies, as they have often done with the Loan of very great Sums.  
And this is an Advantage wherein the City can suffer no Rival, but highly to its Loss; therefore for the City to be lessened there, is to be Touched in a most sensible Part.  
And now, my Lord, I humbly beg your Pardon for the Liberty of this Address; It is meant only in Order to the Service and Welfare of the English NATION in general, and the Honourable City of LONDON in particular, which being Sincerely so, and far more in my Desires and View than any Private Interest of Mine; and being Tendered to Your Lordship, with all Humble Duty and Submission, I am full of Hopes, from the Value of the Thing, the Uprighness of find, not barely your Pardon, but even your Acceptance, Protection, and Patronage; which are the ardent Wishes of, My Lord,  
Your Lordships most Humble and Obedient Servant, Robert Murray.   

A PROPOSAL for a National BANK, Consisting of LAND, or any Other Valuable Securities or Depositums; With a GRAND CASH, for Returns of Money and Circulation of the Bank Credit, &c. The whole to be under the Care, Inspection, Trust, and control of the public Authority, and Legal Magistracy.  By ROBERT MURRAY, Gent. 
IT is by long and daily Experience found, That the Want of public Bank, and Method for Remitting money at a Certain and Reasonable Rate, To and From the several Parts of these Kingdoms; and of Discounting Bank Foreign and In-land Bills, at a like Certainty; is a mighty Impediment to Trade.  
AND tho' it may be Objected. That Banks are not safe under a Monarchy, Yet such Objection holds only in Countries under the Dominion of an Absolute and Dispotical Power: But where the Law's take Place, as in and under Regulated Monarchies, every Man is Preserved in his due Property, and as Secure as in other Free Countries, where Banks, are in Use, and do Thrive.  
THE great Conveniencies attending Banks, and the Difficulty of Trade, where Banks are wanting, show their Necessity and Use in all Trading Countries, among Merchants and Traders. To avoid the Trouble of Telling and Re-telling, Carrying and Re-carrying, and the Danger and Loss of Brass and Counterfeit money, Men are under a sort of Necessity to Trust their Cash in the Hands of Private Bankers and Goldsmaths, where public Banks are not Established: And this they continue to do; notwithstanding the incredible Losses often sustained by frequent Failures, and Insolvency of Many, to the ruin of those that Trust them.  
AND tho' Some( not knowing better Expedients to render Private Banks more Safe, and to encourage and 'allure all Persons to lodge their Cashin their Hands? think the Credits and Estates of several Persons joined together, of Three, Four, or Five Hundred Thousand Pounds value, made over to Trustees, a Sufficient Security for that Purpose: Yet it is most certain, that such Security is not Sufficient, in Case a Cash of Four or Five Times that value, in their Keeping, prove a Temptation; for they may easily Convey or Convert the same to their own Use, and leave the Security to Compound the Debt: From whence it may Rationally be concluded, That no Bank can be Safe, but what is National, and under the public Care, Inspection, and control of Magistracy agreeable to That most Famous Bank of Holland,( justly esteemed the Best and Greatest in the World) where all is Transacted under the Direction and control of Government; who are Guardians of the Bank, and suffer no Fraud, when discovered, to pass There Unpunished.  
THE Bank intended by this Proposal is to be under the Authority, Care, Inspection, and control of the Known, Legal and public Magistracy, as most Consonant to Reason, Nature, and public economy. The Magistrate is the Father of the Great Family, the Guardian and Protector of the People, and the True Fountain, from whence( they ought to expect) should flow all Things necessary to their Good and Happiness. A Bank thus Founded, stands upon its True Basis: Nor can any Thing be accounted Sacred, or Inviolable, if Magistracy, Government, and public Authority, are not so. And indeed, the Attempt of Private Persons to Setup Banks, are a kind of Invasion of the Magistrates Province, and( at best can never be judged so Secure, as One under the Care, Inspection, and control of Government. In Nature the Head always provides for the Ease and Good of the Members; and in the Body politic,( which is always Best, when it most Resembles Nature) the Magistrates Office is the same. In Amsterdam, Genoa, and Hamburgh, the public Government takes Care of the Bank; and indeed, it is a Solecism to oppose Constitution so well fonnded in Nature Reason and Policy, and Supported by the Example and precedent of Three Illustrious States.  
IT is confessed, That the Rise and Original of the Bank of Amsterdam, was not from any formed Design of Establishing One; but the Happy Result of a Wise and Prudent Order of State, which was the Foundation and Ground-work of the Whole Building: viz.  
FIRST, To prevent Disputes, that might happen about Receipts and payments of money, to the great Disquiet of their People, and Interruption of Trade, A certain Place or Office was Erected, where all Receipts and Payments, exceeding a limited Sum, might be made.  
SECONDLY, They enjoined, that all Receipts and Payments, exceeding Three Hundred Guilders, or Thirty Pounds sterling, should be made There: Books were accordingly provided, and Clerks to attend and keep an authentic Registry of all such receipts and payments,  
THIRDLY, The Merchants, and other Traders, finding it troublesone to carry money to and fro, choose rather to leave the same in this Office; and thereupon the City and Government became Responsible for the Safe Custody of all such Moneys.  
FOURTHLY, The money Lodged in this Office was placed to the Proprietor's Folio and account; and, by Direction, transferred from one account to another, an Hundred Times; and consequently, One Hundred Pounds supplied the place of Ten Thousand Pounds; every Body finding it more easy, Safe, and Convenient to continue their Money in the Office, where it was, than to have it in their private Coffers: And thus this Office was Converted into a Bank.  
FIFTHLY, They enjoined also, That all Foreign Bills of Exchange should be Paid in Bank, to prevent Disappointments in payment of Money, entrusted in private Hands; which sometimes might happen either by the Death, Insolvency, or Frauds of some Cunning and Deceitful Men.  
THE like Method duly Observed in This Nation cannot fail of the like Good Effect; and tho' the Cities, and Incorporated Burroughs of England, could not, by any Acts, or By-Laws, Enforce the Observation of These, or the like Necessary Rules, to so Good an End: Yet if Offices, to this purpose, were Erected within This City, with the rest of the Cities and Chief Burroughs of England, there is no doubt, but the great Ease and Convenience, joined with the proposed Security, would sooner induce the Country to Commit the Keeping of their Cash unto Them, than to Lodge the same in Private Hands, as Bankers or Goldsmiths; as many have heretofore done, to their Incredible Loss and Damage: And therefore, I shall, in great Measure, make This the Pattern and Exemplar of the proposed Model.  
AND seeing the Money of the Nation cannot be found a Stock sufficient to supply all Persons, towards that Increase of Trade, as a greater Quantity, if it could be had, would do: And that the Credit of Money-Banks cannot be Legally and Honestly stretched or extended beyond the Stock of Money in Cash; and so long as the Money lies buried there, the Nation seems to be deprived of the Free Use of so much Money, which is the same Unactive-Lump in the Chest, as in the Mine: And this Nation, both in Extent of Territory, and Natural Product, far exceeding That of Holland, The proposed Bank shall consist of All Things capable of being a Fund of Credit, and Convertable to Money at any Time, as Lands Ground-Rents, &c. whereby this Bank will be more Extensive and Safe, than any other Money, Bank; and consequently, preferable: So that the Credit of this Bank( like a perpetual Spring) can never be Exhausted, or Drawn dry; but shall be Commensurate to all the Necessities and Occasions of the Nations: And may be Extended as much beyond the Stock; of the Nation in Cash, as the Wealth and Substance thereof, in other Things, Exceed it. Nevertheless, since Credit cannot be Divided and Fractioned into so many parts as coin, to Answer all Purposes, it will not so conveniently Serve alone, without coin; and coin of its self cannot Suffice, without Credit. It is therefore necessary, there should be provided and Raised a Competent Stock in Cash, to assist it in the Circulation thereof.  
IT is therefore proposed, That a Stock of One Million of Pounds may be Subscribed; whereof none to Hold or Subscribe in his own Proper Right, more than Five Thousand Pounds; and if by the Gift, or the Decease of any Person, or otherwise any Person exceed that Proportion, He is to Sell so much, before the next Audit, as will Reduce him to his Original Soc●k.  
THAT One per Cent. of the Stock or Subscribed Sum, shall be left Free to the First Proposer, or Undertaker; and that every Hundred Pounds Subscribed, and paid into the Bank shall be reckoned One entire Share in the Stock; whereof One Tenth Part to be paid down within One Month after the Books are filled up, and Another Tenth part within Three Mouths after; and so the Rest in Order, till the Whole be brought in, and completed; whereof due Notice will be first given, by such as the said Subscribers shall first Choose for that purpose.  
THAT Ten Thousand Shares being advanced at One Hundred Pounds per Share, makes One Million of Pounds; which sum will be found a Stock Sufficient to Circulate the said Credit, from Time to Time issued, when required, to Answer, all emergent Occasions whatsoever,  
THAT the said Subscribed sum shall, for better Security, be Deposited in the Chamber of London, and the Rest of the Cities, Chief Burroughs, and Shire-Towns, of England, &c. according to the following Distribution, viz. 

LONDON.  
edinburgh.  
DUBLIN.   

Bristol.  
Bridgwater.  
Bedford.  
Buckingham.  
Beaumaris.  
Bath and Wells.  
Chester.  
Canterbury.  
Chichester.  
Cambridge.  
Coventry.  
Carlisle.  
Colchester.  
Chelmsford.  
Carnarvan.  
Derby.  
Dorchester.  
Exeter.  
Falmouth.  
Gloucester.  
Guildford.  
Hereford.  
Hartford.  
huntingdon.  
Harwich,  
Hull,  
Ipswich.  
Leverpool,  
lin.  
Lancaster.  
Leicester.  
Lincoln.  
Maidstone.  
Monmouth.  
Newcastle,  
Norwich.  
Nottingham.  
Northampton.  
Oxford,  
Plymouth.  
pembroke.  
Portsmouth,  
Reading.  
Rochester.  
Southampto●  
Stamford.  
salisbury.  
Shrewsbury.  
Stafford.  
Taunton.  
Truro.  
Winchester.  
Worchester.  
Warwick.  
York.  
Yarmouth.    
THAT there be Erected an authentic Registry within the City of London, and each of the Cities, and Chief Burrought or Shire-Towns of England, &c. where all Receipts and payments of Money, exceeding Twenty or Thirty Pounds, may be made: and Books provided with Clerks to Attend, to Enter and Keep all such Receipts and payments, accordingly. And for the Security of all such as shall think fit to Lodge their Cash there. The said Cities, Towns, and Magistrates, to become Responsible for the Safe Custody of all such Money, as the Country is now Responsible for all Money robbed on the Road; which may be done with much less Danger and Hazard.  
THAT all Bills of Exchange should likewise be paid under like Caution and Security, into these Offices; which, in effect, will Create so many Grand Cashes, or Banks, within the Three Kingdoms, &c. one or more in each County; which may, in Time, likewise become the General Receivers of all public Taxes; and must be Responsible for all Money Deposited upon this Design: And, for their Encouragement may advance any sum to the Stock in each County, not exceeding Five Thousand Pounds; and have a Share of the Profits, or in Proportion to what they put in; or the same to be supplied by Others.  
THE late Miscarriage in the Chamber of London, can be no Objection because the Money is not Lent but lodged there, and is therefore Sacred and Inviolable, and subject to the Rules, Orders, and Directions of the Governours, and Directors of the Bank; and which is as much at the Dispose and Command of each Proprietor, as if the same were in his own Coffers: And consequently, the Best and Safest Repsiotory, much better than to entrust the Keeping and Dispose of Cash in the same Hands, under a private Management, uncontrolled by public Authority, subject to many Contingencies, by Death, Frauds, and Insolvencies; which cannot happen here, where the Cash and Management. are in different Hands, and under a public and National control; So that every Body may, prima fancy, see his Security in the Frame and Constitution of this Bank, without depending solely on the Reputation and Credit of Private Persons, as in other Banks. This will occasion and encourage Returus of vast and incredible Sums of Money, which often lies dead in private Hands, for want of such a Conveniency, as is hereby proposed.  
THAT this Money shall be applied for the Exchange or Return of Moneys To, and From the aforesaid places, &c. on reasonable Terms; and for the Discounting Bank, Foreign, In-land Bills, and Exchange Tallies; and for settling Staples for Receipts of Goods, as tin led, wool, Hemp, Flax, &c. upon which Credit may be given; from whence the Poor of each Parish may be stored with Stock and Materials, to set them on Work, and to Keep them in Constant and Full Employment: The Poor's Tax, Appropriated and Settled for that purpose, amounting( in the Whole) to Six Hundred Pounds pet Annum; which is a Sufficient Fund for Seven or Eight Millions. The Credit of the said Staple, or Bank, to be paid off, Annually, as the said Poors Tax is, or shall be Collected, and brought in. The Poor thus Employed, will Demonstrably Quadrible the Stock every Year, whereby they will be well Fed, clothed, and Otherwise Maintained, and the Nation Enriched; the Diminution of our Cash daily and necessary carried out be prevented, by the Making of Twine, Cordage, Cabling, Sail-Cloath, Fishing. Lines, nets, &c. in great Abundance, which we now Import, to our great Dishonour, Loss, and Damage; and which, in effect, will occasion much more Wealth, Trade and Riches, than all the Trade in the Nation besides.  
THAT this sum, thus applied, will bring in( at least) Three or Four Hundred Thousand Pounds per Annum; and the Bank, in time, arrive to that Reputation, That the Nobility and Gentry will bring in, and Lodge their Rents and Cash in these Banks, within their respective Towns and Divisions, as the best and safest Repositories where their accounts will be Fairly and Orderly kept, duly Stated and Balanced, and their said Cash employed as they shall see Occasion.  
THAT the Government may be supplied with One or more Million on Parliamentary Funds, at Three or Four per Cent. per Annum; and that all Tallies, on like Security, as well those on Remote Funds, as Other, may be indifferently Discounted; the Bank Credit being mutually Received, and Taken in the Exchequer; or in proportion to the Money Lent, or Credit given the Crown.  
THAT Freeholders, and Landed Men, may have on every Hundred Pounds per Annum, Fifteen Hundred Pounds, after the Rate of Four Pounds per Cent. per Annum; who may pay off, or continue the Principal for what Term of Years they please: And shall have a Rebate of Interest, as any Part of the Principal is paid in, they paying Interest from Time to Time, as the same grows Due: But, in Default of due Payment, as aforesaid, then to Pay for, and During the remaining Term, after the Rate of five Pounds per Cent. per Annum, unless permitted to Compound, the Increment of Interest not exceeding Seven Years Purchase, the same being registered with their encumbrances upon Oath, in the Head or Shire-Town of the County; and those within the City of London, County of Middlesex, and Bourrough of Southwark, in the Court of Hustings at the Guild-hall, London; and that all Houses, that shall be taken in Security in Bank, be Insured against Fire.  
THAT all Persons, capable of employing their Time to good Advantage, may be Furnished with Stock and Materials for that Purpose, they comforming to the Rules and Methods of the Bank whereby the same may be Secured.  
THAT such of the City Orphans, and other Bond Creditors, comprehended and Secured by Act of Parliament, and not admitted into the Orphans Bank, may Subscribe here their Respective Credits in the Chamber of London.  
THAT Bank Bills of Credit may be Discounted at any time, by the Bank &c. at One per Cent. And that a Rebate of One per Cent. shall be allowed upon all Bills of Credit paid in Discharge of any Sum due to the Bank; but no Allowance or Rebate upon the Payment in of Cash.  
THAT One and Twenty, or One and Thirty Persons, be chosen out of the Subscribers, to Manage the said Stock at London; whereof one Third part to go out Annually, and Others to be Elected in their Room, who may not be eligible again, until they be all out as many Years as they continued in; whereof the Lord Mayor to be the First Governor of the Bank.  
THAT no Person shall be capable of being chosen governor, deputy-governor, Assistant, or Director or the like place of Trust, unless he be possessed of at least Two Thousand Pounds in the Bank; and none to have Votes in the Election of any to Offices, as aforesaid, that have not, in their own proper Right in Bank, Five Hundred Pounds: nor any to have more than One Vote,  
THAT the controller, and Auditor-Generals of accounts, being a great and public Trust, ought to have a public Sanction, in case the Proposed Model obtain Approbation in Parliament, or be chosen by the Common-Hall, or mayor part of the Subscribers present; who are all to be Summoned for that purpose, without Exception: The One by Attesting the real Value of the Credit Issued and Warranted by the Bank,( which is the Mint for Security, as the Tower for money) is by the Nature of his Trust and Office, a Check upon the whole, and to prevent, as the Other is to detect Frauds and Mistakes if any happen; that so the Credit may be known to have a Real extrinsic Value, constantly adhering to it, equalling coined Pieces of Gold and Silver Money; which, without doubt, will facilitate the Currency of the Credit all over the Nation, and very much add to the Honour and Reputation of the said Bank.  
THERE must also be a General Surveyor of all such Estates, as are or shall be engaged to the Bank; who must keep an exact Registry of the Contents and Quality of all such Estates, with their Buttings and Bonndings.  
THAT the Cities, and chief Burroughs of England, being Bodies politic, and under a perpetual Succession, that never Die: The Mayor and Commonalty of each Corporation should be the Trustees for the Bank, to whom all Mortgages should be made, and by them Defeazanced; who cannot be supposed Guilty of like Extortion or unworthy Practices, as is incident to some Private Men, their Heirs, Guardians, Executors, Administrators or Assigns, as her etofore, to the ruin of many considerable Families and Estates: And that an Office should be Erected in each County, for keeping an exact Registry of all such Estates, so engaged to the Bank, with their encumbrances; whereof the General Registry or Office, to be kept at London, to which the rest of the said Offices or Banks must Refer and account; whereby all Persons may be secured against any Corrupt Designs and Practices for the Future.  
ALL accounts shall be Stated, Audited, and balanced at the End of every Year; and the Profits divided, according to every Mans Interest or Share in the Stock.  
THE Custos Rotulorum, or Lord Lieutenant, the High-Sheriff, the Two Knights of the Shire, assisted by the Burgesses Serving for the Place, and Clerk of the Peace, for the time being, shall or may, ex Officio, have the Superintendency of the Bank in each County; and upon Auditing the accounts, annually Arrest the same.  
THAT the King be humbly Petitioned to be the Sovereign Patron, and Protector of the said Bank; and that Four Lords, and Eight Commoners, chosen in Parliament, have the Supreme Guardianship, Inspection and Superintendency over It; and to be Petitioned for that Purpose.  
THAT the Stock shall not be Sunk, or otherwise drain out, but by Selling or Transferring the same( in the Transfer-Book, Provided for that Purpose) to some Order.  
THAT this will Eucourage all Persons, not only to Trust, but Remit their Cash this Way, rather than to hazard the same by Carriers, or in Portmantua's; and consequently will prevent Robberies on the Road, the County from being Sued, the Increase of High-way Men, and Multiplicity of Suits: the Bank being a Standing Record or Witness to all Receipts anp Payments there made.  
BY this Means the Government, &c. may be Accommodated with much greater sums, and upon easier Terms, than any other Bank; Money will become more Plentiful, by Lessening the Occasion on it; and then the Nation will have enough for smaller Uses, which now they cannot: It will not only occasion Quick, and Repeated Returns, but infallibly Secure and Enforce Trade, which coin alone will not do; whereby Trading Persons( ' bating Fire, Robberies, and Hazard of the Seas) observing the Rules and Methods hereby Proposed; cannot be under the Possibility of ever proving Insolvent; but may Augment their Trade to what Degree they please.  
A Scheme of Management of the Bank, intended by this Proposal, is Prepared by the Author, ready to be laid before the Gentlemen, who shall be chosen by the Body of Subscribers, for the Dirrection and Management of this great Undertaking wherein Care is taken for so exact a Discipline and Method, as to leave no Umbrage for any Sinister Dealing, or maladministration,;  
Notice shall be given, in the public Prints, of the Time and Place for Taking of Subscriptions to the Bank; where the Books shall be laid Open, and Clerks Attend for that Purpose.  
FINIS.