On the Loans Raised by Mr. Pitt During the First French War, 1793-1801: With Some Statements in Defence of the Methods of Funding Employed

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E. Wilson, 1855 - 80 sidor
The substance of the paper now issued as a pamphlet was communicated as a verbal statement to the Statistical Society at its meeting on the 19th (February) ultimo.
 

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Sida 57 - ... negotiation on the part of the enemy, with an earnest desire to give it the fullest and speediest effect...
Sida 23 - ... out of the tomb of the murdered monarchy in France has arisen a vast, tremendous, unformed spectre, in a far more terrific guise than any which ever yet have overpowered the imagination and subdued the fortitude of man.
Sida 23 - Deprived of the old government, deprived in a manner of all government, France fallen as a monarchy, to common speculators might have appeared more likely to be an object of pity or insult, according to the disposition of the circumjacent powers, than to be the scourge and...
Sida 33 - ... success, is to reduce the advantages which the funding system is calculated to afford within due limits, and to prevent the depreciation of our national securities. We ought to consider how far the efforts we shall exert to preserve the blessings we enjoy, will enable us to transmit the inheritance to posterity unencumbered with those burdens which would cripple their vigour...
Sida 28 - How can we know what is an adequate equivalent ? The price of the public stocks does not depend upon the value of the dry annuity. It is a joint consideration of this annuity, and of the prospect of an increase in the value of the nominal capital, that operates upon the mind of the purchaser. I had a pretty strong proof of this when I myself was in office. From a wish to guard the public against the great loss of redeeming, perhaps at par, three per cents, which might be borrowed at 60, I proposed...
Sida 14 - ... that the principle of making loans for the public service by free and open competition uniformly professed by the chancellor of the exchequer, has been very generally recognized as affording the fairest prospect of public advantage.
Sida 6 - In the general distress and dismay," says Macpherson, " every one looked upon His neighbour with caution, if not with suspicion. It was impossible to raise money upon the security of machinery, or shares of canals ; for the value of such property seemed to be annihilated in the gloomy apprehension of the sinking state of the country, its commerce, and manufactures : and those who had any money, not knowing where they could place it with safety, kept it unemployed and locked up in their coffers.
Sida 23 - France, has arisen a vast, tremendous, unformed spectre, in a far more terrific guise than any which ever yet have overpowered the imagination, and subdued the fortitude of man. Going straight forward to its end, unappalled by peril, unchecked by remorse, despising all common maxims and all common means...
Sida 33 - If such a plaii is evidently impracticable, some medium, however, may be found to draw as much advantage from the funding system, as it is fit, consistently with a due regard for posterity, to employ, and at the same time to obviate the evils with which its excess would be attended. We...
Sida 67 - Grellier, JJ, The Terms of all the Loans which have been raised for the Public Service during the last Fifty Years; with an introductory account of the principal loans prior to that period, 1799.

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