JB/002/338/001

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...it bears will rather approach to that of stock to that
of a government annuity given in exchange for so much
money rather than to the of so much money receivable at any time It will however have the advantage in forme of price of such an annuity in forme of , and that on several accounts in more accounts than one: it is transferable with so much less trouble and expense 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 no price of as much stock though it may rise in 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 than a one stock of at least 9 days, and even then the rise is liable to be disturbed by fluctuation as to be in the character of a rise proportioned to lapse of term and consequent accrual of interest in a manner imperceptible. But And since accordingly the Exchequer is the bank note every man's money in and. 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 got into the hands of a broker: and the expense but much more the term for the expense is but 1/2000 percent places it thus on a ground of considerable disadvantage in comparison of the bank note. Metadata:JB/002/338/001