How do you account for that? No demand or overstock?

您认为是什么原因？是市场没有需求，还是库存过剩？

The market is here overstocked both with commodities and with labour.

这里的市场商品和劳动力都过剩。

In these different operations, its duty to the public may sometimes have obliged it, without any fault of its directors, to overstock the circulation with paper money.

在这些不同的业务，它对公众的责任有时可能迫使它在没有任过错的情况下，在流通大量存入纸币。

Had every particular banking company always understood and attended to its own particular interest, the circulation never could have been overstocked with paper money.

每个特定的银行公司始终了解并关注自己的特定利益， 纸币的流通就永远不会过多。

By the one institution, they secured to themselves the monopoly of the home market, and by the other they endeavoured to prevent that market from ever being overstocked with their commodity.

通过一个机构，他们确保了自己对国内市场的垄断，而通过另一个机构，他们努力防止该市场被他们的商品积压。

But every particular banking company has not always understood or attended to its own particular interest, and the circulation has frequently been overstocked with paper money.

但是每个特定的银行公司并不总是了解或关注自己的特定利益， 流通经常充斥着纸币。

That market will very seldom be overstocked; but it will generally be understocked; the people, whose business it is to supply it, being generally afraid lest their goods should be left upon their hands.

那个市场很少会积压；但通常会缺货；负责供应它的人们普遍担心他们的货物落在他们手上。

The market would be so much understocked with labour in the one case, and so much overstocked in the other, as would soon force back its price to that proper rate which the circumstances of the society required.

在一种情况下，市场上劳动力存货严重不足，而在另一种情况下，劳动力存货过多，很快就会迫使其价格回到社会环境所需要的适当水平。

But it is not the interest of merchants and manufacturers, the great inventors of all these expedients, that the home market should be overstocked with their goods; an event which a bounty upon production might sometimes occasion.

但是，所有这些权宜之计的伟大发明者，商人和制造商的利益并不在于国内市场积压他们的货物；生产赏金有时可能引起的件。