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By adhering preserving in this way the sub-duplicate
ratio of in the decreases it seems difficult to say to
what a length the augmentation of the quantity
of this paper - a paper altogether secure (as well
be sure) against those accidents which hang over
every other species of paper currency without exception
- may be capable of being carried pushed: [+] not
+ The half of the original not having thus taken root as it were, and acquired an importance of its own, so might the half of that half, and so on almost without end.
only those guinea notes but 1 1/2 Guinea notes
not only 1 1/2 Guinea notes but even fifteen
and ninepenny Annuity Notes might come in time to find
their way into the circulation. Moderate as is the
rate or relative magnitude of the interest or produce
in all these cases insomuch as it is(not quite 6D a year) where
absolutely considered in the last mentioned case, yet
be the produced, which has absolutely or comparatively
considered. was so small, a productive properly
thus production is so palpably preferable to a
property of the same denomination when altogether barren and unproductive,
that the result would by two unions
be an extraordinary one if the gold coin in
its highest denomination (guineas) to go no
lower should even in a very considerable degree come
to be replaced supplanted by the proposed new Paper. Coin
the 20s Banker's notes, notes promising undertaking for nothing
but principal without interest have been found
to produce this effect to a considerable degree, though
without any thing to recommend them than the
the danger of insolvency on the part of the
promiser to the dan supposed greater danger of badness
on the part of the material in the case of hard cash. Thus