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27 Remedies
2. payable as Exchequer
Bills at a
future period, but
carrying less interest
as being for sums
as small as the
smallest Bank notes
Another is mode might be to make provision for issuing, and
accordingly to issue accordingly a number of notes for a
limited sum (say the same sum a million) in point of sensible
properties and succinctness of expression similar to Bank notes as likewise in respect
of the division into small sums, as £20, £10 & £5.
not without interest as according to the former plan,
but bearing an interest though inferior to that given upon
the present Exchequer Bills: say 2 per Cent, or rather as
much less than 2 per Cent as will make the interest per
diem come to what may be called to the purpose an even sum, an
adequate part of a £: This in other words would payable
to not to Bearer on demand but at a fixed
future period principal and interest in the manner of Exchequer Bills, This
in other words will would be an attempt to reduce the interest
upon Exchequer Bills by rendering them fitter
for general circulation than they are at present in
the form they wear at present.