★ Find a new page on our Untranscribed Manuscripts list.
No edit summary |
No edit summary |
||
| (6 intermediate revisions by 2 users not shown) | |||
| Line 1: | Line 1: | ||
<head>Ch. III. Grounds of Expectation with regard to the circulation etc of the <lb/>proposed paper. | <head>Ch. III. Grounds of Expectation with regard to the circulation etc of the <lb/>proposed paper. <lb/></head> | ||
<p> | <p><note><!-- These marginal notes are written in pencil and most of the text is illegible and struck through--> | ||
Annuity Notes <unclear>Ch</unclear><gap/> 1 <del>Properties</del> <add>results <add><del>Expectation</del></add></add> <gap/> and ascribed to the <gap/> <gap/></note></p> | |||
<p>< | <p>To enable this Paper to answer the expectations that have been <lb/>been formed of it <del>six </del> <add>seven</add> distinguishable results must take place: —<lb/>1. It must meet with purchasers to take it out in the way of issue. —<lb/>2. And that at the price proposed to be put upon it.<lb/>3. It must be received in circulation —<lb/>4.— And at that price —<lb/>5.— And with an addition proportioned each day to the amount of Interest<lb/>due upon it.<lb/>6. It must be <sic>depretiation</sic> proof: — being current on the above footing<lb/>and without discount not only at its birth but through every stage<lb/>of its existence.<lb/>7. Its currency must be — not confined to this or that<lb/>description of persons but extending to all descriptions. —<lb/></p> | ||
<p>Of its pretensions to the above attributes some <sic>judgment</sic> may<lb/>already have been formed from the preceding<!-- there is a gap in the text here --> they will now<lb/>be subjected to a closer scrutiny. — </p>{{Completed}} | |||
Ch. III. Grounds of Expectation with regard to the circulation etc of the
proposed paper.
Annuity Notes Ch 1 Properties results <add>Expectation</add> and ascribed to the
To enable this Paper to answer the expectations that have been
been formed of it six seven distinguishable results must take place: —
1. It must meet with purchasers to take it out in the way of issue. —
2. And that at the price proposed to be put upon it.
3. It must be received in circulation —
4.— And at that price —
5.— And with an addition proportioned each day to the amount of Interest
due upon it.
6. It must be depretiation proof: — being current on the above footing
and without discount not only at its birth but through every stage
of its existence.
7. Its currency must be — not confined to this or that
description of persons but extending to all descriptions. —
Of its pretensions to the above attributes some judgment may
already have been formed from the preceding they will now
be subjected to a closer scrutiny. —
