Chap。XXXVI
OfBanksofDepositandTransferInowdismissthesubjectofbanksofcirculation。Theunspeakableadvantagesdrawnfromthisinstitution，whenproperlyregulated，insupplyingmoneyatalltimestothosewhohavepropertyfortheencouragementofindustry，andforimprovementsofallsorts，andthebadconsequenceswhichresulttosociety，fromtheabusetheyareexposedto，hasengagedme，perhaps，intoolongadiscussionofvariouscircumstancesrelatingtothem。
Inowcometotreatofbanksofdepositoroftransferofcredit:aninstitutionofthegreatestutilityforcommerce。
Thesetwospeciesofbanksdifferessentiallyintwoparticulars。
First，Thatthoseofcirculationservethepurposeofmeltingdownunwieldypropertyintomoney；andofpreservingthequantityofitattheproportionoftheusesfoundforit。Thoseofdeposit，arecalculatedtopreserveasumofcoin，oraquantityofpreciousmoveables，asafundforcarryingonthecirculationofpayments，withaproportionalvalueofcreditorpapermoneysecureduponthem。