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THE BATAVIAN REPUBLIC
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stored in the vaults and caves of the bank, would not have reached the sum of one million sterling.

This deficiency, however, of the cash of the bank of Amsterdam, related only to the bank credit, the cash receipts of which were expired. According to the statement of the provisional representatives of Amsterdam, the quantity of cash in the bank was equal to the payment of the sums for which receipts were in force; and the holders of bank credit, in the possession of such receipts, were at liberty to withdraw their money from the bank whenever they thought proper. The circumstances of the bank consequently only were bad, according to the proportion that the bank credit, for which there were receipts, bore to the debts of the bank for which there were no receipts. On the whole, the accounts of the bank, from the report made by the provisional representatives, were in a better state than was generally expected; but, nevertheless, the public indignation was strong, that any part of its treasures should have been taken from