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An engagement A government engagement could not
like this, habe been rendered depreciation-proof, but
for its the pre-existence of Stock Annuities, and
its connection with them, as above. The exigencies
of government, not being susceptible of limitation,
no species of engagement could be offered of which the
should be and the quantity limited to
what could be disposed of at that price, unless there but for the
co-existence of some other species of engagement, unlimited
in quantity, respect of the quantity offered at market and therefore subjected to things refused to
an unlimited diminution of price.
