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<p>Admitting three per Cent thus to be about the <lb/>mark — and if any thing not much below the<lb/> mark, there is a particularly reason for fixing <lb/>it <unclear>precisely</unclear> at this mark: and that is, the consideration <lb/>of steadiness: <add> | <p>Admitting three per Cent thus to be about the <lb/>mark — and if any thing not much below the<lb/> mark, there is a particularly reason for fixing <lb/>it <unclear>precisely</unclear> at this mark: and that is, the consideration <lb/>of steadiness: <add>permanency</add> a property upon which <lb/>the value of this <add>the proposed</add> issuers of paper <hi rend='superscript'>[+]</hi> <note>with reference to the <del>even</del> security and comfort of the individual <del>proposition</del> <add>in question</add> and consequently to the inducement he has to become a purchaser of it</note> <lb/><del>to the individual for <gap/></del> will be found to depend in a <lb/>very considerable degree. — Were it ever so little <lb/> above three per cent it would <del>always be</del> from <lb/>the first be certain of being paid off before any<lb/> three per cents were <add>came to be</add> paid off, unless the expedient <lb/><del>were a</del> of an express <gap/> in that respect <lb/>were to be resorted to: an expedient which <del>in</del> <add>when</add> the <lb/> <add>terms of it came to be adjusted would in the </add> present instance <del>would</del> be found to be attended with<lb/> more <sic>embarassment</sic> and complication there would <add>might</add> <lb/>at first sight be imagined: Three per cent <lb/>in a few years after a war, during which so<lb/> long as it lasted these <add>stocks</add> kept <gap/> without ever <lb/>rising were very near to par: still more <gap/> <lb/>may they be expected to arrive at this <gap/> after <lb/>a war in the <del>course</del> very depth of which we have <lb/>seen them taking so prodigious a rise. </p> | ||
<p>Fix the rate <del>a</del> at three per cent, the standard <lb/>rate for <del>all</del> Government Annuities in general, and <lb/>there will be no inducement to Government ever <lb/>to pay them off so long as there remain any other <lb/> <note>than the preference with regard to continuance.</note> <lb/>Annuities bearing an equal rate of interest: which <lb/>the superior accommodation afforded by these proposed<lb/> Annuities to individuals, will be sufficient to <gap/> to <lb/> <add><unclear>them</unclear></add> | <p>Fix the rate <del>a</del> at three per cent, the standard <lb/>rate for <del>all</del> Government Annuities in general, and <lb/>there will be no inducement to Government ever <lb/>to pay them off so long as there remain any other <lb/> <note>than the preference with regard to continuance.</note> <lb/>Annuities bearing an equal rate of interest: which <lb/>the superior accommodation afforded by these proposed<lb/> Annuities to individuals, will be sufficient to <gap/> to <lb/> <add><unclear>them</unclear></add> | ||
7
Admitting three per Cent thus to be about the
mark — and if any thing not much below the
mark, there is a particularly reason for fixing
it precisely at this mark: and that is, the consideration
of steadiness: permanency a property upon which
the value of this the proposed issuers of paper [+] with reference to the even security and comfort of the individual proposition in question and consequently to the inducement he has to become a purchaser of it
to the individual for will be found to depend in a
very considerable degree. — Were it ever so little
above three per cent it would always be from
the first be certain of being paid off before any
three per cents were came to be paid off, unless the expedient
were a of an express in that respect
were to be resorted to: an expedient which in when the
terms of it came to be adjusted would in the present instance would be found to be attended with
more embarassment and complication there would might
at first sight be imagined: Three per cent
in a few years after a war, during which so
long as it lasted these stocks kept without ever
rising were very near to par: still more
may they be expected to arrive at this after
a war in the course very depth of which we have
seen them taking so prodigious a rise.
Fix the rate a at three per cent, the standard
rate for all Government Annuities in general, and
there will be no inducement to Government ever
to pay them off so long as there remain any other
than the preference with regard to continuance.
Annuities bearing an equal rate of interest: which
the superior accommodation afforded by these proposed
Annuities to individuals, will be sufficient to to
them
