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JB/001/060/001

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22
Annuity Notes
Ch. Micell. Effects

the utmost rate of interest capable of being allowed to be taken by
law being but 5 per cent, 2 per cent will be
the utmost extra profit capable of being made in
the way of interest at the expense of that trouble
and that risk: whereas at present and in former
times, the greater part of the money laid out on
private personal security is money that if it
were not so disposed of could not (under the circumstances
by which so often intend small and temporary sums
are excluded from the Government market) have been
placed out at interest at all.

17
17. Cause of
mitigation
1. Extra quantity
of cash - thrown out
the hands of Bankers
- which can not
be otherwise employ'd

20. 17 The cause operating in alleviation or
removal of the loss in question is the extra-abundance
of money that will by this time have
begun to be produced in manner above-mentioned:
insomuch that though the quantum of prof possible comparative
profit to be made by the loan of money on personal
security is lessened, yet the competition for
that profit being increased, many persons who but for
the competition would not have accepted it,
will now in consequence of the competition submitt
to accept of it, under the inability of getting
any thing more.

18
18. The cause
of mitigation promises
to be prevalent
- an increase in
the question of
will dispose
had it for less profit

21. \\\ 18 The influence of the latter cause is that
which seems most likely to prevail; for inasmuch
as by the operation of the same cause a general
enhancement of prices will be extending itself in manner
above mentioned, a smaller gain will become a greater
and a greater object, and whatever may be the amount of it,
a man will find himself under a stronger and stronger necessity of corrupting it.




Identifier: | JB/001/060/001
"JB/" can not be assigned to a declared number type with value 1.

Date_1

Marginal Summary Numbering

17-18

Box

001

Main Headings

annuity notes

Folio number

060

Info in main headings field

Image

001

Titles

Category

text sheet

Number of Pages

1

Recto/Verso

recto

Page Numbering

f22

Penner

jeremy bentham

Watermarks

1798 a<…>

Marginals

jeremy bentham

Paper Producer

frances wright

Corrections

Paper Produced in Year

1798

Notes public

ID Number

60

Box Contents

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