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JB/001/040/001

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3
Annuity Notes
Ch. Miscell. Effects

2. It will supersede Bank
paper

Good management seconded by good fortune may
so far reduce the risk to individuals — and it
must be confessed has so far reduced the risk — as
that so long as no paper exists which stands exempt
from that risk - it may be better worth the while
of each individual to run the <unconnected risk inseparable
from this paper, than to forego the advantages
(as above enumerated) that attend the use of it.

What is here spoken of as a risk, has now
for years (as is but too well known) been converted
into a certainty. Yet risks are so great is the mass of advantage
possessed by paper in comparison of cash, that
there being no paper of firmer texture men
are glad to receive these promises under the
expression of their performance.

The promises contained in conveyd by the proposed Government
paper is of that kind which has never
yet been known to fail has been in emission now
for upwards of a century and in all that time
has never been known to fail: which can not
from the very nature of it can not fail all at once
and which may fail the performance of it being
distributed over the unmeasurable expanse of time -
which is not exposed to what is called a run, the
fund being constantly prepared for the greatest quantum
of demand that by possibility can take place: and
which so far from being exposed to any new hazard by the
proposed paper, will receive such a security from it as it never had experienced before.




Identifier: | JB/001/040/001
"JB/" can not be assigned to a declared number type with value 1.

Date_1

Marginal Summary Numbering

not numbered

Box

001

Main Headings

annuity notes

Folio number

040

Info in main headings field

Image

001

Titles

Category

text sheet

Number of Pages

1

Recto/Verso

recto

Page Numbering

f3

Penner

jeremy bentham

Watermarks

[[watermarks::i taylor [top part of date only]]]

Marginals

jeremy bentham

Paper Producer

evan nepean

Corrections

Paper Produced in Year

Notes public

ID Number

40

Box Contents

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