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PREFACE.

THE following pamphlet is a republication of two letters that appeared on the subject in question, in 1799. It will prove that the proposal of issuing Stock Debentures, is not, as many now erroneously suppose, a new question'; and it will also shew that, however ingeniously many authors have considered it, it is not only more feasible than many will allow, but that it involves more interesting speculations than most, from the want of sufficient data, have the opportunity of indulging in.

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