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<p> 14 Aug. 1800 + Art. 20 <note> <del>28</del> 27</note><lb/> 4 <note> Abstract</note></p> <p> <note> Conversion<lb/> 20 continued</note> </p> <p><add>By subscribing, and subscribing as soon as possible, a<lb/> man (it has been seen) will have nothing or next to nothing to lose, <lb/>and he will have much to gain.</add></p><p> As the holders of Annuity Note paper of the <lb/>first issue will all of them sooner or later be <lb/> paid off, and as when <del>a man is paid off</del> <add> <del> the Holder</del> of any such</add> Note<lb/> of the first issue is paid off, the Holder will have<lb/>no <add> certain</add> means of <del> obtaining the same quantity of interest</del> <add> placing his money out at interest upon</add> <lb/><del>on</del> the same sort of security, otherwise than by<lb/> purchasing into the second issue at the reduced rate<lb/>of that issue, he will naturally be upon the look<lb/> out for paper of the first issue. But as this<lb/>will be the case with regard to <del>every sort</del> <add> all such</add> expelled<lb/> <del>note holder</del> <add> Noteholders, </add> as fast as <del>he is</del> <add> they are</add> expelled, <lb/> such paper <add> will</add> (it is evident) bear an <del> <sic>encreased</sic> price</del><lb/> <sic>encrease</sic> of price, which <sic>encrease</sic> will of course be<lb/> greater, the more remote the period <add> appears,</add> at which the <lb/> <del>class or lot</del> <add> mass</add> to which the note belongs is about to <lb/> be paid off, <add> From <del> By being the </del></add> <del> The Holder of such a Note, is in<lb/> possession of a</del> <add> every such</add> mass of Annuity, <del> from which</del> <add> of the first issue</add> <lb/> <add> it is known that</add> sooner or later, one quarter of the amount will <lb/> be struck off, unless <del>he</del> <add>a man</add> chooses to recover the <lb/> principal or purchase money instead of it; and <lb/> this quarter, <add> compared with the reduced remainder,</add> may be considered as a sort of <lb/> temporary Annuity, for a term not altogether<lb/> certain, but longer and longer in proportion as<lb/> the note stands higher in <add> on</add> the privileged list.</p> | |||
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14 Aug. 1800 + Art. 20 28 27
4 Abstract
Conversion
20 continued
By subscribing, and subscribing as soon as possible, a
man (it has been seen) will have nothing or next to nothing to lose,
and he will have much to gain.
As the holders of Annuity Note paper of the
first issue will all of them sooner or later be
paid off, and as when a man is paid off the Holder of any such Note
of the first issue is paid off, the Holder will have
no certain means of obtaining the same quantity of interest placing his money out at interest upon
on the same sort of security, otherwise than by
purchasing into the second issue at the reduced rate
of that issue, he will naturally be upon the look
out for paper of the first issue. But as this
will be the case with regard to every sort all such expelled
note holder Noteholders, as fast as he is they are expelled,
such paper will (it is evident) bear an encreased price
encrease of price, which encrease will of course be
greater, the more remote the period appears, at which the
class or lot mass to which the note belongs is about to
be paid off, From By being the The Holder of such a Note, is in
possession of a every such mass of Annuity, from which of the first issue
it is known that sooner or later, one quarter of the amount will
be struck off, unless he a man chooses to recover the
principal or purchase money instead of it; and
this quarter, compared with the reduced remainder, may be considered as a sort of
temporary Annuity, for a term not altogether
certain, but longer and longer in proportion as
the note stands higher in on the privileged list.
