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Ch. XII

The want of a co circulating medium that scarcely as such of
that deficiency, of which so much was said in 1797, is not feltno longer
felt no longer, now, but it may recurr at any time.
From my the concurrence united wisdom of all parties interested,
it received as a cure at the time from a
to be at any time to become the
number of measures concurrent measures, all of them
of mischief, and perfectly well adapted to the production of the effect.
It received from From true wisdom it received for the time a perfect the
(a) (a) Note in the next page p. 161 cure: but, by any other means than the sort of remedy here proposed,
to prevent the evil from recurring again and again
without the remedy here proposed it is not in the power of the most perfect
wisdom to prevent the recurrence of the evil: at any time, is not within the reach of the most perfect wisdom.
and prevention is always still better than the most perfect
cure. (b) (b) (b) note in p. 12 162 To be liable at any time to become the
instrument of mischief, and that in either of two
opposite ways, by being in too great quantity or
in too little, is of the essence of all such promissory
paper: for it's not being in too small a quantity
it depends upon the wisdom and benefit humour<add>even humour </del></add> of a few individuals
for its not being in too great quantity
it depends not only upon the wisdom and humour the temper of
individuals, but upon contingencies [events] of the day, and the humours and prejudices of
the uninformed, and ill-informed, and hasty and impetuous
multitudes: + + upon the former, as to them their not exceeding in their issues the amount warranted by the rules of prudence: upon the latter, as to the not frustrating and putting setting a at default all the rules of prudence, by crowding in withou to demand for their paper without need, such a quantity of cash as is not in existence. The prom

The sort of promise given by Bank and Banker's paper,
is that sort of promise, the fulfillment of which, taken
in the aggregate, is physically and constantly impossible: — the promise, given by the proposed Annuity
Note paper, is that sort of promise the fulfillment of which whether
taken in the aggregate or in parcels, has never yet failed been known:
yet been found to fail:— which possesses all the certainty that is to be found any where unimpressed
in human affairs: — and that which becomes less and less
liable to fail, the greater the quantity of money thus
promised of which it conveys the promise.
Were

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Identifier: | JB/002/251/001 "JB/" can not be assigned to a declared number type with value 2.
Date_1		Marginal Summary Numbering	6
Box	002	Main Headings	Annuity Notes
Folio number	251	Info in main headings field
Image	001	Titles
Category	Text sheet	Number of Pages	1
Recto/Verso	"Recto" is not in the list (recto, verso) of allowed values for the "Rectoverso" property.	Page Numbering	F160
Penner	Jeremy Bentham	Watermarks	1798 A<…>
Marginals	Jeremy Bentham	Paper Producer	Frances Wright
Corrections	Jeremy Bentham	Paper Produced in Year	1798
Notes public		ID Number	990
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