...derive a bonus from each. Such a system would be ruinous in the extreme : and the system we fol* low low is the same on a smaller scale, and is therefore only...the year 1786, our funded debt was 238 millions. We had paid all this off in 1813, but we had contracted (exclusive of the loans of that year) a new debt...

...would be well pleased to promote these loans, as ' they would derive a bonus from each. Such a sys' tem would be ruinous in the extreme ; and the ' system...less degree. « In the year 1786, our Funded Debt was ' £238,000,000. We have paid all this off, but ' we have contracted (exclusive of the loans of 1813)...

...large sums we were thus enabled to pay would supply the funds for these loans. Our capitalists would be pleased to promote these loans, as they would derive...and is therefore only pernicious in a less degree."* These statements are conclusive as to the folly of supposing that it is possible to make any reduction...

...to the agents, and a douceur to the creditors themselves, on the renewal. All these observations arc equally applicable to the debt of a nation conducted...and is therefore only pernicious in a less degree."* Although Mr. Wilkeson does not seem to have very carefully studied the subject upon which he has written,...

...douceur to the creditors themselves, on the renewal. All these observations are equally applicable'to the debt of a nation conducted as ours is. It would...and is therefore only pernicious in a less degree."* Although Mr. Wilkeson does not seem to have very carefully studied the subject upon which he has written,...