★ Keep up to date with the latest news - subscribe to the Transcribe Bentham newsletter; Find a new page to transcribe in our list of Untranscribed Manuscripts
- -
125
Whatever takes Stock out of the market without
taking out or keeping back the equivalent in money, adds in proportion to the price
of Stocks . The proposed measure takes Stock out of
the market without either taking out or keeping back
any money : it therefore adds in proportion to the price of
Stocks. 2 The proposed measure raises the price of Stocks, by the what amount of the Stock Annuities it takes out of the market — without any deduction for the New Annuities it creates.
True it is , that even previously to the absorption of Stock Annuities,
which it takes out of the market, it creates has created other
Annuities to a considerable part of the amount;
[and for it is only with the money received for these New
Annuities, that it takes out the Old. the Old are taken out.] But of the money
thus raised for the New Annuities , is not
there is not any part any part of it taken from the any money that so could
have gone to market for Old Annuities : because,
while Stocks are under par, no money that can
be employ'd with advantage in the purchase of Stock ,
can be employd without otherwise than to a manifest disadvantage, in the purchase of the inferior
rate of interest afforded by the proposed Note Annuities. Any
- -
Identifier: | JB/002/223/001 "JB/" can not be assigned to a declared number type with value 2.
|
|||
---|---|---|---|
1800-09-26 |
2 |
||
002 |
Annuity Notes |
||
223 |
|||
001 |
|||
Text sheet |
1 |
||
"Recto" is not in the list (recto, verso) of allowed values for the "Rectoverso" property.
|
F125 |
||
Jeremy Bentham |
1798 A<…> |
||
Frances Wright |
|||
1798 |
|||
962 |
|||