Argument 409: on Some of the Ways in Which Money Is Paid for in the Exchanges. On Bills of Exchange. May the Bankers Licitly Receive Any Other Stipend?(Treatise on Money) (Excerpt‪)‬

In order to understand the practice of exchanging and examine if the bankers may licitly receive any other stipend, there are a few things worth examining. There are many who say that the exchanges are received in many places, but Mercado states that neither in Rome nor in Seville do they commonly receive them. (1) There are two ways in which bankers receive the money: one, in cash, by giving currency to them; the other, by bills of exchange, or any other letter of payment given to them, by virtue of which the person who has to pay the bill starts owing the bank the amount stipulated there to be paid into the account of the person who enters the bill in the bank.