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'' | <head>'Annuity Notes Moral Advantages</head> | ||
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<p>unproductive. By the proposed measure, the the con- | |||
<lb/>-dition of the <hi rend='underline'>poor</hi> in this respect would be raised | |||
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to a level — in the first instance <hi rend='underline'>not much below</hi> — | |||
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and in process of time (as the price of Stock | |||
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Annuities rose, and the rate of interest obtaina- | |||
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-ble by the purchase of them diminished) <hi rend='underline'>altogeter</hi> | |||
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<hi rend='underline'>upon a par with</hi> — the condition of the rich. —</p> | |||
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<p>A result not to be viewed without regret | |||
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is — that, in every <hi rend='underline'>period</hi> after the <hi rend='underline'>second</hi>, and, in | |||
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proportion as the rate of Interest afforded by Govern- | |||
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-ment-Annuities comes to be reduced the encourage- | |||
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-ment thus given to frugality will thus be reduced | |||
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likewise: for though after the reduction the <hi rend='underline'>remainder</hi> <add>will</add></p> | |||
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<head>Note (b) continued</head> | |||
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<p>as proposed to be made of the Stock of such com- | |||
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-pany, is that of carrying on the business of such | |||
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a <hi rend='underline'>Frugality Bank</hi>; with a reference to the sugges- | |||
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-tion given in relation to it in the above papers.</p> | |||
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Were the proposed Annuity-Note Paper to be omitted, | |||
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"<hi rend='underline'>Every</hi> poor <hi rend='underline'>man might be his own Banker</hi>":— | |||
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every poor man might, by throwing his little | |||
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hoards into this shape, make banker's profile of | |||
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his <hi rend='underline'>own</hi> money. Every country cottage — every little | |||
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Town Tenement — might, with this degree of | |||
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profit, and with a degree of security tell now | |||
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unknown, be a —Frugality Bank. -- | |||
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{{Metadata:{{PAGENAME}}}} | {{Metadata:{{PAGENAME}}}} | ||
'Annuity Notes Moral Advantages
unproductive. By the proposed measure, the the con-
-dition 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 obtaina-
-ble by the purchase of them diminished) altogeter
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 Govern-
<lb>
-ment-Annuities comes to be reduced the encourage-
-ment 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 com-
-pany, is that of carrying on the business of such
a Frugality Bank; with a reference to the sugges-
-tion 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. --
