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Annuity Notes Moral Advantages

unproductive. By the proposed measure, the the condition
of the poor in this respect would be raised
to a level — in the first instance not much below —
and in process of time (as the price of Stock
Annuities rose, and the rate of interest obtainable
by the purchase of them diminished) altogether
upon a par with — the condition of the rich. —

A result not to be viewed without regret
is — that, in every period after the second, and, in
proportion as the rate of Interest afforded by Government
Annuities comes to be reduced the encouragement
thus given to frugality will thus be reduced
likewise: for though after the reduction the remainder will

Note (b) continued

as proposed to be made of the Stock of such Company
is that of carrying on the business of such
a Frugality Bank; with a reference to the suggestion
given in relation to it in the above papers.

Were the proposed Annuity-Note Paper to be omitted,
"Every poor man might be his own Banker":—
every poor man might, by throwing his little
hoards into this shape, make banker's profile of
his own money. Every country cottage — every little
Town Tenement — might, with this degree of
profit, and with a degree of security tell now
unknown, be a Frugality Bank. —

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Annuity Notes Moral Advantages

will be gain, as compared with the present period,
yet the difference will be lots, in comparison of
the period then last in experience . But, in the
mean time, the condition of the poor will in this
respect at any rate, have been raised to a level
with that of the rich; and will so continue .
The habit of frugality will have taken root :
and, having so done, may derive strength
rather than weakness from the increased exertions
it will have been called upon to make. —