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<p>it bears | <p>it bears well <del>rather</del> approach to that of stock to that<lb/> of a government annuity given in exchange for so much<lb/>money rather than to the price of so much money<lb/>receivable at any time It will however have the advantage <add>in point of price</add><lb/>of such an annuity in point of price, and<lb/>that on several accounts on more accounts than one:<lb/>it is transferable with so much less trouble and expence<lb/>and the value of it rises by keeping day<lb/>by day according to a <add>visible and</add> certain law in a visible and<lb/>certain proportion and that day by day; whereas<lb/>the price of as much stock though it may rise is<lb/>much the same degree upon the whole as the term <add>period</add><lb/>of payment approaches, yet as it <del><gap/></del> can rise by<lb/>no less intervals than 1/8 percent amounting in 5 percents<lb/>to 1/40 of the whole it can rise by no shorter<lb/>steps than a <add>one</add> <gap/> of at least <del><gap/></del> 9 days, and even<lb/>then the rise is so liable to be disturbed by fluctuation<lb/>as to be in the character of a rise proportioned<lb/>to lapse of term and the consequent accrual of interest<lb/><unclear><del>rises</del></unclear> in a manner imperceptible.</p> | ||
<p>But <add>And</add | <p>But <add>And</add> since <add>accordingly</add> the Exchequer Bill is not like the<lb/>Bank note every man's money <del>in <gap/>.</del> the consequence<lb/>is that in order to find out whose <add>a person</add> money it is, it must<lb/>be sent to the great market for money in different shape.<lb/>the <gap/>: it must go into the hands of a Broker: and<lb/>the expence but much more the <unclear>term</unclear> for the expence is<lb/>but 1/2000 <sic>per cent</sic> places it <unclear>thus</unclear> on a ground of <unclear>considerable</unclear><lb/>disadvantage in comparison of the Bank note.</p> | ||
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it bears well rather approach to that of stock to that
of a government annuity given in exchange for so much
money rather than to the price of so much money
receivable at any time It will however have the advantage in point of price
of such an annuity in point of price, and
that on several accounts on more accounts than one:
it is transferable with so much less trouble and expence
and the value of it rises by keeping day
by day according to a visible and certain law in a visible and
certain proportion and that day by day; whereas
the price of as much stock though it may rise is
much the same degree upon the whole as the term period
of payment approaches, yet as it can rise by
no less intervals than 1/8 percent amounting in 5 percents
to 1/40 of the whole it can rise by no shorter
steps than a one of at least 9 days, and even
then the rise is so liable to be disturbed by fluctuation
as to be in the character of a rise proportioned
to lapse of term and the consequent accrual of interest
rises in a manner imperceptible.
But And since accordingly the Exchequer Bill is not like the
Bank note every man's money in . the consequence
is that in order to find out whose a person money it is, it must
be sent to the great market for money in different shape.
the : it must go into the hands of a Broker: and
the expence but much more the term for the expence is
but 1/2000 per cent places it thus on a ground of considerable
disadvantage in comparison of the Bank note.
