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JB/001/077/001

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Annuity Notes
Ch Miscell Effects
continued


Period III 10
When In proportion as the Annuity
Note paper
that had been
forming part of
the currency,
is absorbed into
the hoarded mass
a comparative
scarcity of currency
will be
felt.

10 When the extra influx of capital in this shape into trade
the proposed paper has run itself out, a
want of currency will begin to be felt, and
the difficulty attendant on whatever new enterprises
had been begun undertaken and been
carrying on in consequence of such influx
will be increasing every day: in a word what is called a stagnation in trade the quantity
capable of presenting itself in this shape being
every day reduced, partly by the natural increase of
the demand for it in the shape of a
hoarded source of income; partly in consequence
of the quantity of it taken out in
both shapes by redemption. (a)

10 (a)
Means of delivering
this
scarcity?

(a) In regard to This comparative scarcity of currency,
a result which will not have taken place till
but in consequence of a vast positive increase,
it will rest with the Government of that day, whether
to keep it or let it remain unrelieved — to let it
find a relief of itself by the springing up of
some species of Banker's paper, or to contrive emitt
and issue a circulating medium on the public account,
without increase but rather to the diminution of the
national burthen - for example by allowing
a very low rate of interest say 1½ on the such paper
so emitted, lending it out to the Bank of England
or some such great Company Corporate body (not to individuals)
for the Corp at a somewhat higher rate say 2
per Cent, for the Company to lend it at a still higher rate



Identifier: | JB/001/077/001
"JB/" can not be assigned to a declared number type with value 1.

Date_1

Marginal Summary Numbering

10, 10a

Box

001

Main Headings

annuity notes

Folio number

077

Info in main headings field

Image

001

Titles

Category

text sheet

Number of Pages

1

Recto/Verso

recto

Page Numbering

f7

Penner

jeremy bentham

Watermarks

1798 a<…>

Marginals

jeremy bentham

Paper Producer

frances wright

Corrections

Paper Produced in Year

1798

Notes public

ID Number

77

Box Contents

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