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JB/001/041/001

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4
Annuity Notes
Ch Grounds Miscell: Effects.

1. It will supersede
Bank paper

Meantime 1 one distinction must be observed -
viz: that the payment undertaken for by Government
in the case of the proposed Annuity
Note paper, is that of the interest only not
the principal: while the payment undertaken
for by Bank paper is - that of the principal,
without interest. The distinction however
turns only upon the Trade, and does not affect
the the practical result is not affected by it. From what hand
a man receives his principal when it is that
that he wants and not the interest is altogether
immaterial to him, provided he receives it. If
it be interest alone that he wants, it is from Government
that he will receive it: if it be interest
and principal together that he wants, it is from
individuals that he will receive it - from the first
man that he happens to have dealings with it.

By the supposition, the paper is already in circulation:
but being once in circulation it can no
more cease to be so, than (civil war and invasion
apart) than gold and silver can cease to be so.
It could not have been come into circulation, but
for certain principles in human nature, which
are not exposed to change.





Identifier: | JB/001/041/001
"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

041

Info in main headings field

Image

001

Titles

Category

text sheet

Number of Pages

1

Recto/Verso

recto

Page Numbering

f4

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

41

Box Contents

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