Excerpt from A New Guide to the Public Funds, or Every Man His Own Stock-Broker: Containing the Origin of the Funding System; Causes of the Fluctuation of the Prices of Stocks; Manner of Transferring Stock; The Amount of the Half-Yearly Dividends; The Proportions Which the Different Stocks Bear to Each Other; &C., &C., &C When the annual expenditure of the State at any time exceeded the annual income aris ing from taxes, the plan which has invariably been adopted by Government for raising the sums deficient, has been to propose terms to the nation for obtaining the advance of money, by mortgaging the revenue of future years, for their indemnification. These mortgages have been of two kinds, limited and perpetual; but perpetual annuities have been granted to the greatest extent; and, even when the mo ney was originally advanced on other condi tions, the lenders have sometimes been induced, by subsequent offers, to accept of perpetual annuities, instead of the original terms. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.