On this page
-
Text (1)
-
Untitled Article
Note: This text has been automatically extracted via Optical Character Recognition (OCR) software. The text has not been manually corrected and should not be relied on to be an accurate representation of the item.
-
-
Transcript
-
Note: This text has been automatically extracted via Optical Character Recognition (OCR) software. The text has not been manually corrected and should not be relied on to be an accurate representation of the item.
Additionally, when viewing full transcripts, extracted text may not be in the same order as the original document.
Untitled Article
I thank you itioch for your Nates on Banks ; they are jttBl tXid solid as far as 1 can judge of thetn . Our bank here h * t 3 met with great opposition , partly from envy > and partly froiri tteose who wish an ettii& 8 i 6 ti of more paper-money , which they tfetnk the bank-influence prevents . But it has stood all attacks ;
Aftd went on well , notwithstanding the Assembly repealed \ ti ehtrter . A new Assembly has restored it ; and the managementis so prudent , that I have no doubt of its continuing to go on well . The dividend has never been less thatl 6 per cenU ntsr will that be augmented for Some time , as the surplus pro * fit is reserved to face accidents . The dividend of i 1 per cent . Which was onee made , was from a circumstance scarce avoid- *
able . A new Company was proposed _ , and prevented only by Admitting a number of new partners . As many of the first set were averse to this , atid chose to withdraw , it was necessary
to settle their accounts ; so all were adjusted , the profits shared that had been accumulated , and the new and old proprietors jointly began on a new and equal footing . Their notes are always instantly paid on demand , and pass on all occasions a * readily as silver , because they will always produce silver .
Your medallion is in good company- ; it is placed with those of Lord Chatham , Lord C&mden , Marquis of Rockingham , Sir C 5 eoi * ge Savil , and some others who honoured me with a share ef friendly regard when in England . I believed t have thanked you for it , but I thank you again .
1 believe with you , that if our Plenipo is desirous of eon-i eluding a treaty of commerce , he may need patience . But if I were in his place , and iiot otherwise instructed , I should be Apt to say , Take your own time , gentlemen ; if the treaty can *
not be made as much to your advantage as to our ' s , don ' t mak £ it . I am sure the want of it is not more to our disadvantage than to your's . Let the merchants otiboth sides treat with one Afrother . Laissez le faire .
I have never considered attentively the Congress scheme for coining , and I have it not now at hand , so that at present I can say nothing to it . The chief uses of coining seem t 9 be , ascertaining the firmness of the metal , and saving the time that would otherwise be spent in weighing to ascertain the quantity . But the convenience of fixed values to pieces is so great , as to force the currency of some whose stamp is worn lofF that Should have assured their fineness , and which are
evidently not of half their due weight . This is the case at present with the sixpences in England , which one with another do not weigh three-pence . You are now T 8 , aitd I am 82 , You tread fast upon my heels ; but though you have iqaore strength and spirit , you cau ^
Untitled Article
8 J 6 Original Letters of Di > . Franklin .
-
-
Citation
-
Monthly Repository (1806-1838) and Unitarian Chronicle (1832-1833), May 2, 1806, page 256, in the Nineteenth-Century Serials Edition (2008; 2018) ncse.ac.uk/periodicals/mruc/issues/vm2-ncseproduct1724/page/32/
-