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JB/001/067/001

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4
Annuity Notes
Ch. Miscell Effects
continued

6
- But the at the close
the rapidity of the
issue will increase

6. Towards the close of this period, or even earlier,
the general avidity to lay in a stock of this paper, and
the rapidity of the issue would however be very
great. Foreseeing the rise, every man who
had cash at command would be hastening to take
advantage of it.

7
Stock-jobbing
will cease -

7. From the commencement of this period,
the business of Stock-jobbing will cease. For
though there remain the irredeemable Annuities
— the Annuities for numbers of years certain,
yet as the price of the quantity of these is proportionably
inconsiderable, the price of them will
be governed, and by being governed, fixed, and so governed as to be fixed to a point by
that of the redeemable Annuities.

8
The business
& profit of the Stock-broker
may be reduced
or increased as
it may happen.

8. The business of the Stock-Broker will may
also, by the same causes, be eventually reduced within a
very narrow compass. When the price of Stock is fixed
and universally known there can be no real occasion
for the assistance of a Broker. But as
the public in general is in the habit of having
recourse to that assistance, (as it were for peace and quietness sake) in cases where it is
not really of any use as in the case of transfers
to Trustees, the result may be that upon the
whole they may during the continuance of this period
be rather gainers than losers on the whole. The
quantity of Stock transferred, within a time will increase be
increased at a most prodigious rate. In the case of
transfers to Trustees, the Broker lowers his fee one
half. In the case supposed he might lower it several
times as much, and still be a gainer, by the change
Note.
(a) In the case of
trusts, the only
real use of the
Broker is to
as a witness of the identity of the
person




Identifier: | JB/001/067/001
"JB/" can not be assigned to a declared number type with value 1.

Date_1

Marginal Summary Numbering

6-8

Box

001

Main Headings

annuity notes

Folio number

067

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

1798 a<…>

Marginals

jeremy bentham

Paper Producer

frances wright

Corrections

Paper Produced in Year

1798

Notes public

ID Number

67

Box Contents

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