Adam Smith：The Wealth of Nations, Book II, Chapter II, Paragraph 800

It were better, perhaps, that no bank notes were issued in any part of the kingdom for a smaller sum than £5. Paper money would then, probably, confine itself, in every part of the kingdom, to the circulation between the different dealers, as much as it does at present in London, where no bank notes are issued under £10 value; £5 being, in most part of the kingdom, a sum which, though it will purchase, perhaps, little more than half the quantity of goods, is as much considered, and is as seldom spent all at once, as £10 are amidst the profuse expense of London.

Source： https://www.gutenberg.org/ebooks/3300
Locator：Book II, Chapter II, paragraph 800 · Verified：2026-10-19 · Verification：Exact match

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