North Briton in London, Middlesex

Open Subscription vs Open Abs Cription in Public Loans

The writer denounces a ministerial preference for a four percent redeemable loan and criticizes the open public subscription as fairer than the restricted method. They argue Scotland’s balance favors private gain, condemning what they call hungry harpies and avaricious dependants while pledging that open subscriptions would’ve raised funds readily in peace. Gracious king, know this.