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16 Aug. 1800 + 37
The paper, by its size, shape, texture and thinness,
particularly fitted for circulation — Taken from
Bank paper — Agrees more or less with Banker's paper
and with the French Assignats. Differs from all
the other above mentioned engagements: unless it be except from
some late species of Exchequer Bills in respect of size.
8. The quantity issued incapable of exceeding the quantity
demanded at the original price. Agrees with
Bank and Ban paper; and in practice, with Bankers'
paper. Disagree with Stock Annuities, Irish Debentures,
Exchequer Bills, & Navy &c Bills.
Features Features entirely altogether new.
9. Secure provision for the instant extinction of the
debt created by it.
10. Limits to The amount of it incapable of exceeding the secure amount of
the existing debt.
11. Funds the same as no other than those already provided for the
existing debt, but the security better, by in respect of the appropriation
of the profit to the exoneration of the fund, by the continual
of the debt — redemption of a greater mass of debt, than the mass continually created.
12. Interest receivable almost without <add>scarce any trouble or expence,</add> wherever letters are receivable.
13. The Note or Note is instrument serving as security for
the interest, purchasable of government, with scarce any trouble
or expence, wherever letters are receivable.
14. — 1)t receivable in the course of circulation
and with the interest, without any trouble or
expence. N.B. Exchequer Bills, India Bonds
are not obtainable in the course of circulation, without the
expence of Brokerage, to which is added out of London,
the expence of portage, as well and the expence of professional, or obligation of gratuities,
Agency;