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In the first place any interest note seems to me ill
calculated to supply the payment place of metallic
money in small payments, as the variation of
value would render it perplexing & unintelligible
to the common people & and expose them to imposition
notwithstanding any contrivance of tables &c - in the
next I am afraid we have already a larger proportion
of paper circulation than is consistent with our sincerity
in terms of public alarm - & in the third it
would be very difficult at any Office to make an actual
payment of Interest on the small notes on account
of their dispersion & multiplicity. But these & any
other observations which may occur to me I shall be
glad to talk over with you when I have better considered
the subject.
I am Sir
your very obedient
humble servant
N. Vansittart
Identifier: | JB/009/023/002 "JB/" can not be assigned to a declared number type with value 9.
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1802-04-22 |
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009 |
annuity notes |
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023 |
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002 |
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correspondence |
3 |
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recto |
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nicholas vansittart |
[[watermarks::[motif] 1798]] |
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letter 1628, vol. 6; also printed in bowring, x, 366 |
3324 |
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