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JB/001/027/001

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But bullion, being the material of which metallic
money is composed consists has a means of employment
which no other vendible article pow possesses
and which under any degree of glut
secures it against being exchanged disposed of
to a loss beyond a certain mark. For by the
regulation of the public mint he who is in possession
of a certain quantity of bullion
has it always at his command to obtain for
it a certain quantity of sound money: it is
thus one article and the only article of the owner
of which can at all times and in any quantity
and at a known price command the sale. A man therefore
who has bullion Therefore though bullion itself
can not be forced upon people as cash may, nor
are people in general disposed to accept of it as
cash, yet by possessing bullion knows
that sort of thing the possessor of which to a sufficient amount can
never be long in want of any thing that can
be had for cash: since by carrying it to the
mint he can at any time convert it into
the corresponding quantity of cash.

When therefore the stock of bullion in the
country market happens to be so great that a man who
wants to sell his bullion can not find a purchaser
for it among individuals - can not get cash for it
from an individual to superior or equal advantage
he takes it to the Mint, where in a certain proposition
he has it always in his power to get cash
for it.




Identifier: | JB/001/027/001
"JB/" can not be assigned to a declared number type with value 1.

Date_1

Marginal Summary Numbering

Box

001

Main Headings

annuity notes

Folio number

027

Info in main headings field

Image

001

Titles

Category

text sheet

Number of Pages

1

Recto/Verso

recto

Page Numbering

f14

Penner

jeremy bentham

Watermarks

m<…> 1798

Marginals

Paper Producer

Corrections

Paper Produced in Year

1798

Notes public

ID Number

27

Box Contents

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