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whilst even failure would be unattended with
any loss..
Few measures have ever been brought
to view pregnant with such high advantages
none in which in case of success the degree of
success has been beforehand so precisely ascertainable; none
in which the deviation from the path of safety
as marked out by experience is so slight and
imperceptible.—
were it proposed to the proposal in these words make your Exchequer
Bills for small sums, (a)(a) Note other sheet
—this though not completely
nor correctly expressive of the Measure would express
all the Innovation of it.
Lessening The amounts in which Government portions of Government
currency is brought into the Market and facilitating
its transfer from hand to is The only feature in the
proposed plan which separately taken can be called
new, is, the bringing into the Market Portions of Government
currency less than heretofore: — portions less
than have been issued by Government in this Country,
but not less than what have been issued by
Governments in other Countries and in this Country
by individuals
The other leading features are collected
altogether from established institutions: — The Annuity
engaged for is perpetual but redeemable: — The
paper containing the evidence of its Sale by Government
light and transferrable: — the produce of the Sale
appropriated to the extinction of the National Debt.
If
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If attempted the experiment be
tried, the earlier, the Success, the greater: — but
sooner or later and to a certain extent Success
is infallible and even failure would be
unattended with any loss—