8thly. Four millions sterling, or $17,777,777-2/3, at three for one, will amount to $53,333,333 here. Allowing $333,333 for the charge of drawing the bills, for other expenses and deficiencies unforeseen, and there will be, agreeable to the proposals in the plan, fiftythree millions of dollars of the Continental currency paid off by the sales of those bills. The benefits resulting from this plan, if realized, are numerous, indisputable, and obvious. As the sum proposed to be drawn for, does not exceed the ordinary amount of importation before the war, it cannot be presumed that this plan can produce any ill effects on commerce, especially if the Congress should think it wise and prudent to drop the merchants themselves, and depend on individuals for their supplies. The capital difficulty is to obtain the loan. On this, as well as on the preceding plan, I will make a few observations after the following calculations already referred to. FIRST CALCULATION. | Produce of the | Total of the | Years.| sinking fund at | Debts paid at | EXPLANATION. | the end of | the end of | | every year. | every year. | ------+-----------------+----------------+------------------------ 1 | 1,000,000 | 1,000,000 | The first column marks | 60,000 | | the years; the second 2 | 1,060,000 | 2,060,000 | the produce or amount | 63,600 | | of the sinking fund at 3 | 1,123,600 | 3,103,600 | the end of each year, | 67,416 | | the third shows how 4 | 1,191,016 | 4,374,616 | large a part of the | 71,461 | | capital has been paid 5 | 1,262,477 | 5,637,093 | off at the end of each | 75,788 | | year. The sum in the 6 | 1,338,265 | 6,975,358 | second column is found | 80,296 | | by adding to it 7 | 1,418,561 | 8,393,919 | annually the interest | 85,113 | | of that part of the 8 | 1,503,674 | 9,897,593 | capital paid off the | 90,220 | | preceding year, and the 9 | 1,593,894 | 11,491,487 | sum in the third by | 95,633 | | adding yearly the 10 | 1,689,527 | 13,181,014 | payments. | 101,372 | | 11 | 1,790,899 | 14,971,913 | | 107,454 | | 12 | 1,898,353 | 16,870,266 | | 113,901 | | 13 | 2,012,254 | 18,882,520 | | 120,735 | | 14 | 2,132,989 | 21,015,509 | | 127,979 | |