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JB/001/069/001

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6
Annuity Note
Ch. Miscell Effects

Note (a) to p. 5

Period II
9(a)
Where much
distress will be prevented

(a) A great deal of distress which now occurs
frequently would then be unknown. will thus be removed When through
mercantile failures or any other cause there is a
sudden demand for ready money, those who mercantile
men who have money in the Funds i;e: who
are in possession of Stock Annuities, are obliged to sell
out, and sell out at any price. The mischief
is not then confined to them: others who in
their respective particular accounts find it necessary
to sell out, are forced to put up with the reduced
price. In this new state of things , no selling out -
no depretiation of property - no loss. +
+ Quere? since
in the case supposed
the premium on
Annuity Notes would
fall.

He who on the occasion of
the supposed general & public pressure, has occasion for ready money,
passes on less Note Annuities as note money without
loss. He who on the supposed particular and personal
account finds himself under a similar necessity, does
so without loss on his part: he is not thus dragged
as it were into a losing partnership, and made a sufferer sharer
by losses not his own. in the losses of strangers, persons with whom he has had no
intercourse




Identifier: | JB/001/069/001
"JB/" can not be assigned to a declared number type with value 1.

Date_1

Marginal Summary Numbering

9a

Box

001

Main Headings

annuity notes

Folio number

069

Info in main headings field

Image

001

Titles

note (a) to p. 5

Category

text sheet

Number of Pages

1

Recto/Verso

recto

Page Numbering

f6

Penner

jeremy bentham

Watermarks

[[watermarks::i taylor [top part of date only]]]

Marginals

jeremy bentham

Paper Producer

evan nepean

Corrections

Paper Produced in Year

Notes public

ID Number

69

Box Contents

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