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48
Art. 17. Note
Annuity Notes
As individuals may have their reasons for
wishing to exchange in this way their respective
notes, so may Government have its reasons for
compilling such exchange either in the instance
of this or that individual note, or in any
the largest masses [+] In the case of of forgery, the faculty of bringing the whole or any part of the currency under review would be an useful not to say a remedy to existence of such a power to that effect would be an indispensable remedy , and the knowledge of its existence would be a check upon any such attempts.. Taking into consideration
the changes that time may of itself , may
produce in a material of so v soft and then
a texture , without the aid of negligence , it
may see reason in point of justice to call
it in it in gratis at the end of a certain number of
years more especially in the instance of the
silver and and other small notes which which
by the rapidity of their circulation possess from time to time are apt
to pass through such hands as by their
number alone , exclusively independently if bad keeping
would may by that time be expected to reduce
the currency in question to a state useful for
further circulation : and more as in the case supposing as here
have supposed that the exchange is compulsory involuntary
on the part of the Holder, the fee might be
either reduced as in the case of the higher such notes
in which would be as were kept enough for to admitt if a fee succeptible
of reduction, or as in the case of the small
silver notes, remitted altogether.
This then is another case in which powers
of a converse texture of considerable latitude seem requisite to be
reposed by Parliament in the hands of the
executive Government: powers for example for exacting
