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4
Abstract
Ch. XIV of
It has already been stated observed, that it seems 12
Uncertainty respecting
the eventual
of the proposed paper
that may be found
at a time in the
circulation.
impossible with any precision, to how small or how great a length to say, to what length considerable or
inconsiderable, the emission of the proposed paper may eventually extend
be found to extend, during the first period of
its existence previously to the arrival of Stock 3
per Cents at par.
That, at some part or other or that period interval
That a small quantity, at least, can
however scarcely fail to find acceptance: - and that
a small quantity, a very few millions for example,
issued previous to that periodthe conclusion of it would be
sufficient to operate the conversion indicated,
and thereby give the form of the proposed paper
to the whole of the receive mass than remaining mass of
the Annuities comparing the National Debt —
Government Annuities
That, although the quantity of that species of
property will be continually and rapidly on the
decrease, while the demand for it will be as continually
and rapidly on the decreaseincrease, yet in as
much on the effect of the constant openness of
a fresh iss at the rate of interest so reduced
as to render it a loss the elegibility of it more
or less precarious and variable, with reference to
the demand for permanent income, will have
it open to the an indefinite degree with the demand
of those who take it out or receive it with a view tocirculation it