The Great Commoner. 1. Sir John Barnard, who, in 1737, proposed to reduce the interest of the national debt from 4 per cent. to 3 per cent., any creditor being at liberty to receive his principal in full if he preferred it. Mr. Goschen (1889-90) reduced the 3 per cents. to two and a half.
2. William Pitt, the statesman (1759-1806).
Source: Dictionary of Phrase and Fable, E. Cobham Brewer, 1894
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