JB/002/405/002

Click Here To Edit

8
Annuity Notes
Plan Annot.
1. Value &c
Rate of Interest
[6] continued

2. Why then no lower than 3 per cent? — The
reason on this idea will not neither be quite so obvious,
nor quite so conclusive perhaps in the estimation
of every Statesman, quite so conclusive.

1. Bank
2. hand in
the
Three per Cent being the standard rate — is
a rate that presents itself continually to the tem
mind — a rate the recurrence return of which to the
in the character of the current rate can not be
altogether foreign to the imagination or even to the expectation
of using one — it is a rate which
can more be regarded with indifference or contempt.

---page break---

Of Two per cent, the next lowest rate expressible
in whole numbers, this can not be sent
considered Though next below being so much
below the familiar rate it would in a purely primary point Employ'd
of view be apt to be regarded with
indifference and contempt: in a moral view,
considered as tendered by the hand of government
and to whom tendered? tendered as
we shall will be seen more particularly to the poor
it would be apt to excite stir up the ideas of hardship
opposition— and extortion, and in that way
provoke the provocation of indignation and resentment.