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JB/001/055/001

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18
Annuity notes
Ch. Micell. Effects.

Adam Smith
7 (a)

Note continued
So far as this latter effect takes place, so far is
the supposed accession of money - so far is any
addition to the existing mass of money in a country
one event not to be desired rather to be deprecated
than desired - The increase of money prices operates
as a tax on all who have money: and a tax against
which those whose incomes do not admitt of increase
by industry, have no possibility of indemnifying themselves.
But in the whole train of human concerns events
good and evil come together: good at least is impossible
to be found pure. An accession of money in
any shape, especially if rapid and considerable can never fail
of being more or less productive in a greater or less degree of this undesirable result:
such would be entirely the effect of 20 millions worth
of gold and silver presented to his Majesty by the King
of Spain from the mines of Peru and Mexico in
trust to be applied to the towards the extinction of the
National Debt: if however it were to be put to the
vote throughout the country whether a proffer to
this purpose should be accepted or rejected, the
number of votes in the for rejection would probably
not be found to be very considerable.




Identifier: | JB/001/055/001
"JB/" can not be assigned to a declared number type with value 1.

Date_1

Marginal Summary Numbering

7a

Box

001

Main Headings

annuity notes

Folio number

055

Info in main headings field

Image

001

Titles

Category

text sheet

Number of Pages

1

Recto/Verso

recto

Page Numbering

f18

Penner

jeremy bentham

Watermarks

[[watermarks::[top half of i taylor]]]

Marginals

jeremy bentham

Paper Producer

evan nepean

Corrections

Paper Produced in Year

Notes public

ID Number

55

Box Contents

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