Considerations On the Utility of the National Debt And On the Present Alarming
Considerations On the Utility of the National Debt And On the Present Alarming
King, Edward, 1848-1896
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For, in the firft place, it may be obferved, the polTefTor of landed property would be by no means benefited by any fuch event and meafures : fince long and repeated experience has now fhewn, wilh regard to the real value even vitbat fpecies of property, thzt the price of land has, upon the whole, ever rifen greatly m every county* from the time cf the firjl com- mencement of the National Debt. And when- ever the funds have been in their moil de- p relied prefTed fituation ; and whenever the wo...rld at large have, by mifreprefentations, been inju- rioully led to have the worft opinion of their fecurity; the price of land (inftead of rifing, from the fuppofed fuperior advantage of landed pofTeffions, as one would expert it fhould do) has always fallen in the greatcft degree. And with regard to the value of the fro* duce of land j and the rents at which land will let to the tenant 5 it may alfo be obferved, nothing can be more certain, than that the great consumption of every kind of produce of land is greatly increafed by thofe many work- ing hands and, tradefmen, who live by means of the increafed circulation of money, arifing from the various expences off/jofe who receive the National Inter ejl.
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