3 Aug. 1801

Eden

Simple Computation

7

77

In France again, how much greater embarassment must there not have been, when

Assignats – but more particularly when Assignats and Mandate bills – were in

circulation, under degrees of deportation varying almost from day to day. This

currency came in no short space of time, to an end: - true: - but from what

cause? – not from the embarassment attending the computations – (this is pretty

well established by the example given already -) but from the worthlessness –

the absolute worthlessness of the security.

In a word – uneven sums, in all their varieties, came to be paid. Where is the

great inconvenience in having moneys in a correspondent degree of variety for

paying them? – By the addition of interest to principal, if, in some instances,

computations will require to be made, more than would have to be made otherwise,

in other instances they will be saved. - In the case supposed by the learned

Baronet – the case of a £12:16s note, raised by a half-year’s interest from that

value to £12:19:9½, suppose £13 to be the sum to be paid: - With this note,

principal and interest together, the sum will be made up, by adding

five