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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-
-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. —

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Annuity Notes Moral Advantages

will be gain, as compared with the present period,
yet the difference will be lots, in comparison of
the period then last in experience . But, in the
mean time, the condition of the poor will in this
respect at any rate, have been raised to a level
with that of the rich; and will so continue .
The habit of frugality will have taken root :
and, having so done, may derive strength
rather than weakness from the increased exertions
it will have been called upon to make. —