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Annuity Notes
SS. Circulation
indubitable-
17 continued
plan. Notes are issued from different Banking Houses
on differwent terms, but the above may serve for
illustration, and they all agree a circumstance in which they all agree, is this in this view that
they redeem the rate from the nominal
3 per cent or 2 1/2 per cent or whatever it may be
to a real rate more or less inferior to that rate.
another circumstance in which they all equally agree is
that of not affording any such facility as is proposed
to be affored by the proper channels
paper for the calin finding the amount ofinterest due uponfractional
sums placed out produced by fractional portions
of time: a circumstance which of itself would
be sufficient to keep any species of currency out
of perhaps the by much the greater number of hands who
with the assistance by this help of the such a facility as that in question would be
open to receive it.
