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<p>In the first place any interest note seems to me ill<lb/>calculated to supply the <del>payment</del>place of metallic<lb/>money in small payments, as the variation of<lb/>value would render it perplexing & unintelligible<lb/>to the common people & and expose them to imposition<lb/>notwithstanding any contrivance of tables &c - in the<lb/>next I am afraid we have already a larger proportion of paper circulation than is consistent with our sincerity<lb/>in terms of public alarm 0 & in the third it<lb/><lb/>would be very difficult at any Office to make on it<lb/>that payment of Interest on the small notes on account<lb/>of their dispersion & multiplicity. But these & any other observations which may occur to me I shall be<lb/> glad to talk over with you when I have better considered<lb/>the subject.</p>I am Sir<lb/>your very obedient<lb/>humble servant<lb/>N. Vansittart | |||
In the first place any interest note seems to me ill
calculated to supply the paymentplace of metallic
money in small payments, as the variation of
value would render it perplexing & unintelligible
to the common people & and expose them to imposition
notwithstanding any contrivance of tables &c - in the
next I am afraid we have already a larger proportion of paper circulation than is consistent with our sincerity
in terms of public alarm 0 & in the third it
would be very difficult at any Office to make on it
that payment of Interest on the small notes on account
of their dispersion & multiplicity. But these & any other observations which may occur to me I shall be
glad to talk over with you when I have better considered
the subject.
I am Sir
your very obedient
humble servant
N. Vansittart
Identifier: | JB/009/023/002"JB/" can not be assigned to a declared number type with value 9. |
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1802-04-22 |
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009 |
annuity notes |
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023 |
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002 |
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correspondence |
3 |
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recto |
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nicholas vansittart |
[[watermarks::[motif] 1798]] |
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letter 1628, vol. 6; also printed in bowring, x, 366 |
3324 |
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