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<note>4<lb/> | |||
<p>It has already been <del>stated</del> observed, that it seems<lb/> | Abstract<lb/> | ||
Ch. XIV <gap/> of <gap/></note><lb/> | |||
<p>It has already been <del>stated</del> observed, that it seems <note><del>1</del>2<lb/> | |||
<gap/> respecting<lb/> | |||
the eventual <gap/><lb/> | |||
of the proposed paper<lb/> | |||
that may be found<lb/> | |||
at a time in the<lb/> | |||
circulation.</note><lb/> | |||
impossible <add>with any precision, to how small</add> to say, <del>to what length considerable or</del> <lb/> | impossible <add>with any precision, to how small</add> to say, <del>to what length considerable or</del> <lb/> | ||
<del>inconsiderable</del>, the emission of <add>the proposed</add> <del><gap/></del> paper may <add>eventually</add> extend, | <del>inconsiderable</del>, the emission of <add>the proposed</add> <del><gap/></del> paper may <add>eventually</add> extend, | ||
| Line 19: | Line 27: | ||
the Annuities comparing the National Debt —<lb/> | the Annuities comparing the National Debt —<lb/> | ||
<del>Government Annuities</del></p> | <del>Government Annuities</del></p> | ||
<p>That, although the quantity of that species of<lb/> | |||
property will be continually and rapidly on the<lb/> | |||
decrease, while the demand for it will be as continually<lb/> | |||
and rapidly on the <del>decrease</del><add>increase</add>, <del>yet in as</del><lb/> | |||
<del>much on the effect of the constant openness of</del><lb/> | |||
<del>a fresh iss<gap/> at the rate of interest so reduced</del><lb/> | |||
<del>as to render it a loss the elegibility of it more</del><lb/> | |||
<del>or less p<gap/>ious and variable, with reference to</del><lb/> | |||
<del>the demand for permanent income, will have</del><lb/> | |||
<del>it open to the an indefinite degree with the demand</del><lb/> | |||
<del>of those who <gap/> it out or receive it with a view to</del><add><del>circulation</del> it</add></p><pb/> | |||
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4
Abstract
Ch. XIV of
It has already been stated observed, that it seems 12
respecting
the eventual
of the proposed paper
that may be found
at a time in the
circulation.
impossible with any precision, to how small to say, to what length considerable or
inconsiderable, the emission of the proposed paper may eventually extend,
be found to extend, clearly the first period of
its existence previously to the arrival of Stock 3
per Cents at par.
That, at some part or other or that period interval
That a small quantity, at least, can
however scarcely fail to find acceptance: - and that
a small quantity, a very few millions for example,
issued previous to that periodthe conclusion of it would be
sufficient to operate the conversion indicated,
and thereby give the form of the proposed paper
to the whole of the receive mass than remaining mass of
the Annuities comparing the National Debt —
Government Annuities
That, although the quantity of that species of
property will be continually and rapidly on the
decrease, while the demand for it will be as continually
and rapidly on the decreaseincrease, yet in as
much on the effect of the constant openness of
a fresh iss at the rate of interest so reduced
as to render it a loss the elegibility of it more
or less pious and variable, with reference to
the demand for permanent income, will have
it open to the an indefinite degree with the demand
of those who it out or receive it with a view tocirculation it
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