“I thank you very much for the perusal of your letter, and agree entirely with you in opinion on the subject. I must, however, in candour, point out to you an error you have committed in saying, you do not understand, &c. Now it is evident that your assertions and observations are decidedly at variance. I have heard of the plan for about twelve months,—perhaps it may accompany the union, for it is much too sublime for an English head: and your ideas about the tenor of the note are just, as I think it impossible to frame a note founded on so visionary a basis, as would inspire confidence: you should recollect that when Mandats were established, they were combined in a degree with Assignats: the consequence was, that in fourteen days mandats were at 30 per cent. discount, and in six months both mandats and assignats were swallowed up in the same bottomless pit. I have marked with a pencil a short observation which cannot be answered, and therefore satis est.”
Correspondence: Dr Roget, Addington, Abbot, Morton Pitt.—Project of a Frigidarium.—Letter on the Population Bill.—Prevention of Forgery.—Lind’s Widow.—Annuity Note, and Banking Projects.—Correspondence with Rose, Pye, Vansittart, Dumont, and Young.
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