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Employ'd Notes
Annuity Notes
Ch. Form
Notes
[19]
Reason for the
insertion of the
provision against undertaking not
to give higher interest
and affording the
security against
being paid off
[19] [N.B.1 No ... higher ... Interest &c .. No ... Not
... paid off &c ] For the uses and necessity of these
stipulations see above Note [ ] among the Notes
to the plan itself.
As to the reason for inserting these stipulations
into the body of the instrument [conveying
the engagement,] it is evident that every thing
that contributes to strengthen the security
contributes in proportion as it is known to
recommend it the commodity to the customer: and in a word,
that for every article of information that can be of use
in relation to this instance or any other
instrument (a) no other vehicle can be so se commodious
(so far as species permits) as the
instrument of itself.
[20]
The expedient
of division is
taken from Bank
paper.
[20] [N.B.2. [Head piece ....separated &c] The idea
of this expedient was suggested by the practice is borrowed from that which
by has been carried into practice with so much advantage has been adopted in the instance
of Bank paper. But is not the load repa paid
for in some sort by the amendment here proposed? — How great must
have been the expence of the advertisements inserted
in such numbers in the newspapers: at the same time
how confined and short-lived the degree of notoriety
purchased at that expence! At this moment I
wish to see the mode recommended by the advertisement,
and know not where to find it. All
the information I am able to get, without more trouble
that it is worth, is what I derive from the inspection
of the Note itself: and which for want of a word or two a couple of lines with
with to explain the use of them is not sufficient.
Note
(a) Apply this to legal instruments in general :— what
how does fruitful a source of improvement ! — of improvement
effectual, quick, and unexceptionable!
— if parchments for deeds were burdened with the law
relative to each deed.