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JB/002/209/001

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Annuity Notes Abstract Account. Finance
Conclug Period 2. Continued

The effect of 436 millions thus poured in, can not but be
double (it should seem) to that of 256 218 millions, at
least if poured in at the same time: within the same compass of time. The influence
of the capital poured in by the redemption of the
National debt, at the time the reduction of the interest on that
debt is going on, will (it is true) not depend more solely on
the quantum of the influx, but capital thus poured in, also but also on the magnitude
of the general mass of national capital into which it flows.
But the general mass of national capital is also
of itself in a rapid state of encrease: and in to such a way degree
on the encrease, as to be of itself in a way to effect
a reduction in the rate of ge interest in general, without
any aid from this or any other factitious source. The Accordingly the factitious
cause of reduction— the factitiously accumulated
capital which is thus poured in by government,
so far from finding any destruction in the
magnitude and vis inertia of the mas into which it flows, finds
itself itself powerfully assisted and cooperated with a powerful assistance
and assisted by in the operation of that mass, which is already operating
acting as it is already, in a direction tending to that same end.

7 3
—which seems not unlikely, considering the natural tendency of the rate of interest in general to sink, as well as the factitious depressive force superadded by the operation of the redemption fund.

If then, while they are the two forces,—the natural and the factitiousare thus acting
in the same direction, the influence of the factitious
should be strong enough to make the other keep pace cause the other bring the other to the same pace
with it bring the other to the same pace, things will continue on in the same state
as already depicted in the account of the fourth period:—paper
of a closed issue, in a quantity which can not be
encreased—paper of an open issue, in a quantity
which will be continually and rapidly on the
encrease till, by the produce of it, the paper of the closed issue
has been paid off; when a fresh issue will be opened,
at a still lower rate, and the new open issue closed:
and so on—always papers of two issues, at two rates of
interest, till the last applied portion of the redemption money comes, and
sweeps them both out of the market at once.

If




Identifier: | JB/002/209/001
"JB/" can not be assigned to a declared number type with value 2.

Date_1

Marginal Summary Numbering

2 continued, 3

Box

002

Main Headings

annuity notes

Folio number

209

Info in main headings field

Image

001

Titles

Category

text sheet

Number of Pages

1

Recto/Verso

recto

Page Numbering

e4 / f111

Penner

jeremy bentham

Watermarks

Marginals

jeremy bentham

Paper Producer

Corrections

Paper Produced in Year

Notes public

ID Number

948

Box Contents

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