I'm trying to track down the source of a quote
that Ezra Pound uses, and which is attributed to William
Paterson. Pound uses the quote in Canto XLVI, but adverts
to it throughout the Cantos. The quote is:
    Hath benefit of interest on all the moneys which it,
    the bank, creates out of nothing.

The problem is, Michael Perelman, an econ prof at Chico,
cannot find the quote in Paterson's "A Brief Account of the
Intended Bank of England" 1694 (published in Saxe Bannister,
_The Writings of William Paterson: Founder of the Bank of
England_; (London: Judd & Glass, 1859) Reprinted New York:
August M. Kelley Publishers, 1968. P. 79-91.

It seems pretty certain that the quote isn't there.

But nobody has checked the rest of Paterson's writings
that I can tell.

A certain Carroll Quigley states it is, but does not give
a citation, in _Tragedy and Hope: A History of the World in Our Time_
Carroll Quigley, 1966.

But another person says he has found Quigley to be accurate, and
so believes the quote must be somewhere.

So, do you happen to know the source of that quote? Perhaps
it is in another of his papers?

--
John K. Taber