Gold and silver have undoubtedly some properties that give them a fitness above paper, as a medium of exchange; particularly their universal estimation; especially in cases where a country has occasion to carry its money abroad, either as a stock to trade with, or to purchase allies and foreign succours.
Franklin highlights the advantages of gold and silver over paper money in trade.
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In all cases where the strength of the whole was necessary to be used against the enemy, there would be the same difficulty in degree, to bring the several unions to unite together, as now the several colonies; and consequently the same…
If the English would advance one step further, or cover themselves where they are, it must be at once, by one large step over the mountains, with a numerous and military colony.
And as Canada is chiefly supported by that trade, if it could be drawn into the hands of the English (as it might be if the Indians were supplied on moderate terms, and by honest traders appointed by and acting for the public) that alone…
But let us take a cool view of the general state of our affairs, and perhaps the prospect will appear less gloomy than has been imagined.
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