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JB/001/034/001

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Abstract
Ch. XIV. Rise of Prices

Though the more probable amount at the period
of greatest abundance the more probable amount
seems to be much inferior, the imagination is
frightened at the idea that so vast a quantity
as £24,000,000 was only apart of the amount
of the paper money of the Country Bankers
— and this in so long ago as 1792 — a period so much inferior
in opulence (as appears from so many other
indications) to the present.

The fall in about a twelvemonth from 90
the relative quantity of 90 to the relative quantity
of 83 - viz: a defalcation of little less than
a third - then the rise in the course of a couple
of years from 63 to 78 — then again in the
course of a month or two a fall from that
78 to 40 - but a trifle more than a half -
presents at no scanty field for observation.
When by the apprehensions of the Bank of England
a quantity of that not more than between one
and two millions, a proportion not more than
from between a tenth to and a fifth had been withdrawn
from the usual quantity of the paper of that
great Banking Company in circulation, the penury pressure produced
by the defalcation of that comparatively small
quantity appears not only from the opinions of the
most enlightened judges but from the reason of the
thing as above explained - to have been very great.
But if so, what must have been the amount
of the same inconvenience when from the defalcation
of almost, the half of the mass of Country
Bankers paper, a mass of which so enormous,
a sum as £20,800,000, may, (as we have seen without
without any
palpable exaggeration
be deemed
accounted only a
part!




Identifier: | JB/001/034/001
"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

034

Info in main headings field

Image

001

Titles

Category

text sheet

Number of Pages

1

Recto/Verso

recto

Page Numbering

Penner

jeremy bentham

Watermarks

m<…> 1798

Marginals

Paper Producer

Corrections

Paper Produced in Year

1798

Notes public

ID Number

34

Box Contents

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