Let the
surpluses of those years, in which no reimbursement of principal falls,
be applied to buy up our paper on the exchange of Amsterdam, and thus
anticipate the demands of principal. In this way our paper will be kept
up at par; and this alone will enable us to command in four and twenty
hours, at any time, on the exchange of Amsterdam, as many millions as
that capital can produce. The same act which makes this provision for
the existing debts, should go on to open a loan to their whole amount;
the produce of that loan to be applied, as fast as received, to the
payment of such parts of the existing debts as admit of payment. The
rate of interest to be as the government should privately instruct their
agent, because it must depend on the effect these measures would have on
the exchange. Probably it could be lowered from time to time. Honest and
annual publications of the payments made, will inspire confidence, while
silence would conceal nothing from those interested to know.
You will perceive by the _comte rendu_ which I send you, that this
country now calls seriously for its interest at least.
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