Items related to The Works of the Rev. Jonathan Swift, D.d. (Volume...
Synopsis
This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1812. Excerpt: ... the treasury was forced to strike tallies, payable out of that fund, after all the money already borrowed upon it, there being no other provision of interest for three or four years; till at last, the fund was so overloaded, that it could neither pay principal nor interest; and tallies were struck for both, which occasioned their great discount. But, to avoid mistakes upon a subject where I am not very well versed either in the style or matter, I will transcribe an account sent me by Sir John Blunt, who is thoroughly instructed in these affairs: "In the year 1707, the sum of eight hundred twentytwo thousand three hundred and eighty-one pounds, fifteen shillings, and sixpence, was raised, by continuing part of the general mortgage from 1710 to 1712; but with no provision of interest till August the first, 1710, otherwise than by striking tallies for it on that fund, payable after all the other money borrowed. "In 1708, the same funds were continued from 1712 to 1714, to raise seven hundred twenty-nine thousand sixty-seven pounds, fifteen shillings, and sixpence; but no provision for interest till August the first, 1712, otherwise than as before, by striking tallies for it on the same fund, payable after all the rest of the money borrowed. And the discount of tallies then beginning to rise, great part of that money remained unraised; and there is nothing to pay interest for the money lent, till August the first, 1712. But the late lord treasurer struck tallies for the full sum directed by the act to be borrowed; great part of which have been delivered in payment to the navy and victualling offices; and some are still in the hands of the government. "In 1709, part of the same fund was continued from August the first, 1714, to August the first, 1716, to raise...
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