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Considerations upon a proposal for lowering the interest of all the redeemable National Debts to three per cent. per ann. and thereby enabling the Parliament to give immediate ease to His Majesty's subjects, by redeeming such taxes as are most burdensome to the poor.
London: printed for J. Purser, and sold by A. Dodd, E. Nutt, and the booksellers of London and Westminster. 1737. 8vo., rather charming little woodcut on title, 46pp., in fairly recent 18th century style quarter calf over marbled boards, spine gilt with raised bands and a label. A fine copy. First edition. Kress 4332. Goldsmiths 7052. Hanson 5043. Not in Black. A good, but sadly anonymous, essay on the national debt, on public borrowing and interest rates. The author's position is summarised in his concluding paragraph: 'If it has been proved that the Parliament has a right to redeem the national taxes, if it has been proved that there is no injustice done the public creditors, by reducing the interest on our debts, that it is the only expedient that can be found out to ease the poor, and to recover and inlarge our commerce, and yet that it must not be put into execution, because it is inconsistent with the private interest of a few, who, I will be bold to say, are not one in ten thousand of the whole people, we must never expect to see any public good done to this nation; for there is no public distress but will bring a profit to some, nor no public benefit but will occasion some loss to others.'
      [Bookseller: John Drury Rare Books]
Last Found On: 2017-07-22           Check availability:      Biblio    

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