Excerpt from Considerations on the Sinking Fund
The following observations were reduced to writing so long ago as the year 1798. The tide of public opinion, at that time, ran so strongly in favour of the Sinking Fund, as to leave no hope that any argument which could be raised against so favourite a measure, would meet with any attention, and especially when urged by an obscure individual, with a wholly unpractised and unskilful pen.
The pressure of the present times appears to have given a turn to that tide, and has induced and encouraged the Writer to lay before the Public the sentiments which he lias so long invariably entertained upon a subject which is of vital importance to the country at this moment.
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