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JB/001/076/001

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6
Annuity Notes
Ch. Miscell Effects
continued
Period III

6. It might

9
Though a mass
of Annuity Note
paper when thus
added to the circulation
would
be added in the
shape of small
notes, this would by reason of this interconvertibility
would

not make any
difference in
price as between
small
and large Notes.

9. It might seem that in proportion as a mass
of currency Annuity Note paper were thus thrown into circulation (which would naturally be in small notes) the
demand for notes supply of Notes of a high magnitude would be become increased,
plenty in the market and thence the demand diminished, and notes
of a low magnitude rare. But in fact no such
disproportion would take place: in the first place, because
though some large notes are not equal to every
purpose that small ones are, yet small ones are
equal to every purchase that large ones are, and
amongst the rest to this purpose. £9000 in sixpenny
notes will afford much hoarded a man the same income
as the same sum in two or three notes. In the
next place because by the proposed constitution of
this currency, large notes may be changed any note up to the largest may be
changed into any number of notes down to the smallest
at no greater expence than that of the minute
for office fee necessary and barely sufficient
to pay for the such part of the officers
time as the transaction requires to be employd in
it.




Identifier: | JB/001/076/001
"JB/" can not be assigned to a declared number type with value 1.

Date_1

Marginal Summary Numbering

9

Box

001

Main Headings

annuity notes

Folio number

076

Info in main headings field

Image

001

Titles

Category

text sheet

Number of Pages

1

Recto/Verso

recto

Page Numbering

f6

Penner

jeremy bentham

Watermarks

<…>m 1798

Marginals

jeremy bentham

Paper Producer

frances wright

Corrections

Paper Produced in Year

1798

Notes public

ID Number

76

Box Contents

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