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1822 June 22
Junctiana Proposal
§.7 Protection Satisfactory
§.7. In the eyes of capitalists, the proported protection, at the hands
§.8. Protections at of the Anglo American United States,
its necessity and sufficiency will be necessary and sufficient
satisfactory.
The party here considered, as that to which
such protection would naturally be looked upon as necessary,
is the proposed company: by which the body of men, by whom antecedently
to all commencement of profit, so vast a
capital will be to be expended.
1. First as to the necessity.
Without such a security it seems difficult to
say, in what quarter, for such a purpose, a prudent
set of capitalists, could behold a sufficient ground for
confidence.
On the part of the State or States, out of whose
territory the requisite spot of ground would be to be
carved, two points, (it has already been observed,) would
require to be established: the constancy of their disposition
to perform their part of the engagement, and
the permanency of their power so to do.
But, in respect of both these points, not
only now, but for an indefinite time to come, persons
in the situation of those from whom the capital
would have to come, can not but be in a great
degree in the dark.
Identifier: | JB/106/286/001"JB/" can not be assigned to a declared number type with value 106. |
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john flowerdew colls |
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