I think so. So you would expect him to be pretty committed. His idea was to sell bonds to help develop Poyais. Wait a minute. It specifies when the money is to be repaid and what interest you will get in the meantime.
Governments nowadays issue, or sell , bonds when they want to raise money.
Anyway, Macgregor was extremely successful in selling his Poyais bonds. They had a high rate of interest. Investors thought they were on to a good thing. You hadn t heard of Poyais because it didn t exist. Look at the map before you part with your money, I say.