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Annuity Notes
Beginning
To this it may be added — that if the
Stocks — as not affording a circulating medium paper —
did not were not of themselves commensurate to
the demand for money in the shape of interest
secured by public credit, yet considering the the
quantity of public paper circulating in other so many
forms — Exchequer Bills — Navy Bills
Ordnance Bills and India Bonds, there is
not a conceivable modification for that demand, for
which the market does not in its present state afford an abundant
and adequate supply, in its present state.
Thus far the objection — In reply of to
it, it will be shewn—
1. That the market neither does not, in its present state
afford — nor can, otherwise than by the proposed Notes be made to afford — but by
means of the proposed Notes — masses portions of annuity interest
compound capable of being purchased by suited to the circumstances of the possessors of small
sums: that is, obtainable upon such conditions
in the acceptance of which they can find any as can be worth their acceptance
advantage as it can be worth their while to accept.
2. That neither does it afford to the possessors
of temporary sums a a secure and adequate means sufficiently secure
of employing those sums such monies so
circumstanced to advantage — especially
if the amount be inferior under £100
(the least amount quantity of capital capable of being invested
in the purchase of an Exchequer Bill or India Bond)
and the time during which it will be in a man's power to
continue continue such investment, uncertain and precarious.
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Identifier: | JB/002/033/001 "JB/" can not be assigned to a declared number type with value 2.
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4 |
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002 |
annuity notes |
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033 |
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001 |
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text sheet |
1 |
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recto |
d4 |
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jeremy bentham |
tw 1794 |
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francis hall |
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1794 |
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772 |
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