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20
3. The proposed paper will be purchased , if ,
at the price proposed to be put upon it.
This can instance of the species of Bankers
paper here spoken of in question , while it affords an experimental
proof equally one simple and decisive
of the comparative unfitness - of the existing
species of Government Securities to meet the adapt themselves to
convension and demands of the public at large
[upon the most advantageous terms] affords at
the same time a presumption while though
antecedent to expression can not scarcely be regarded as
falling short of certainty in regard to the preference
that promises to be given to the proposed
paper as when compared with the existing Bankers
paper above spoken of. In the case of the
Bankers' paper in some instances the interest
though called 3 per Cent does not commence like
as the end of six months after the day on which
the note is issued : so that for the first year , though
called 3 per Cent it is no more than 1 1/2 per
cent , nor indeed in mathematical strictness quite so
much. In other instances the note is at no
time payable on demand , but only so many
days (say 21 days) after sight : by which means
matters is the time if payment at the command of
the holder of the note , nor is payment to be obtained
for certainty at any time but at our particular place
view : the Bankers shop , nor without his journies to that place.
Identifier: | JB/002/521/001 "JB/" can not be assigned to a declared number type with value 2.
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17 |
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002 |
Annuity Notes |
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521 |
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001 |
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Text sheet |
1 |
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"Recto" is not in the list (recto, verso) of allowed values for the "Rectoverso" property.
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F20 |
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Jeremy Bentham |
I TAYLOR |
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Evan Nepean |
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1260 |
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