xml:lang="en" lang="en" dir="ltr">

Transcribe Bentham: A Collaborative Initiative

From Transcribe Bentham: Transcription Desk

Keep up to date with the latest news - subscribe to the Transcribe Bentham newsletter; Find a new page to transcribe in our list of Untranscribed Manuscripts

JB/001/065/001

Jump to: navigation, search
Completed

Click Here To Edit

2
Annuity Notes
Ch Miscell Effects
continued

whatever portion of the mass of Annuity Note paper
extant is kept up for these purposes for any
given space of time, will not operate as currency
during any part of that time. It will be like
hoarded money cash, which though capable of
being passed at any time, yet in point of fact
does not pass, but is kept constantly in the same hand.

3
— a diminution
would then take
place of it

3. After When the increase in the quantity of
currency actually in circulation has thus come
to a stand, a decrease though slow and gradual
will be likely to take place of it. For
as the quantity of wealth in the country increases,
that portion of it which is capable of being laid
out in the purchase of the several sources of income
will increase along with the rest, and the
quantum of the demand for the source of income
afforded by this paper increasing accordingly, the
quantity of it kept up and taken out of the
circulation will thus be continually on the increase,
and thereby the quantity left to run on in the
circulation diminished.

3(a)
The remaining influx of
Annuity Note
paper would add
nothing to the
quantum of currency
in circulation.

3 (a) The addition made to the quantity of Annuity
Note paper by the expected conversion of Stock Annuities into
Note Annuities — this addition prodigious as it would
be, and howsoever rapid it might be would contribute
nothing to the lessening of the above expected decrease.
The reason is that if the whole of mass of Stock
Annuities that would be thus converted into Note Annuities
there is not a single pound's worth that
would not be wanted for the same purpose as the Stock:
i:e: for hoarding, and not for passing




Identifier: | JB/001/065/001
"JB/" can not be assigned to a declared number type with value 1.

Date_1

Marginal Summary Numbering

3, 3a

Box

001

Main Headings

annuity notes

Folio number

065

Info in main headings field

Image

001

Titles

Category

text sheet

Number of Pages

1

Recto/Verso

recto

Page Numbering

f2

Penner

jeremy bentham

Watermarks

<…>m 1798

Marginals

jeremy bentham

Paper Producer

frances wright

Corrections

Paper Produced in Year

1798

Notes public

ID Number

65

Box Contents

UCL Home » Transcribe Bentham » Transcription Desk