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JB/001/048/001

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11.
Annuity Notes
Ch. Miscell Effects
Period I

6. There will be
no limits to the
offered but what are set
to it by the quantity
of Stock it has to replace

7 6. 6 All this while the purchase sale and the emission of
Annuity Note paper — the purchase buying in of Stock
Annuities with the produce of the sale — in a word the vibration
of the cash the cash of the country between the two markets - the
Note Annuity market and the Stock Annuity
market — will be going on with a velocity
which nothing can arrest. Were it not for the
positive bounds proposed to be prescribed to it, it would
have no other bounds than what were set to it
by those which limit the quantum of the Fund
provided for the discharge payment of the Annuities thus
created. and engaged for.

7. Care will be no
expulsion of cash,
the addition
to the currency -

8. 7 The addition to the currency, it is true, would
not be clear, any further than in as far as the
quantity mass of hard cash in the country continued
undiminished. But no cause presents itself
as promising or threatening to operate any such diminution
in any degree. The cash, as fast and as
often as it gets into the hands of government, that
is of the Commissioners of the Sinking Fund, is neither
thrown away, nor melted, nor hoarded, but poured back into the
circulation by being put into the pockets of the
dismissed bought-out Stockholders in exchange payment for their Stock.




Identifier: | JB/001/048/001
"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

048

Info in main headings field

Image

001

Titles

Category

text sheet

Number of Pages

1

Recto/Verso

recto

Page Numbering

f11

Penner

jeremy bentham

Watermarks

1796

Marginals

jeremy bentham

Paper Producer

Corrections

Paper Produced in Year

1796

Notes public

ID Number

48

Box Contents

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