JB/002/266/001

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3 Sept. 1800
5 Abstract
Ch.XIII Particular Interest

This or Banker first

In regard As to the to Country Bankers, the effect of the measure Country Bankers
8
2 Effects on the
interest of the
Country Bankers
Advan Profits
1. The cash capable
of being lodged with
them is not diminished
by increased by
paid for Annuity
Notes-
2. Profit by
increased discount
3. Profit by Annuity
Notes kept
in reserve cash

Loss by exchange
or diminution of
their circulating papers
To p. 8
—
upon these interests appears by no means clear,
On the one hand, If the quantity of cash in the country is not lessened
by the proposed Government paper, the demand for
Bankers service in passing that cash will not be
lessened. Should the proposed If Government paper iscomes to be universally received
in preference to cash, the stock or reserve kept forsupply of cash kept by these
Banks for answering draughts may be made to assume that from
and thereby yielding £2:19s per cent while kept at
home, while the cash an equal amount in cash
is sentin abroad, in exchange for to discount Bills the way of discount
in exchange for Bills. BillOn the other hand the money which is now
attracted to country Banksa Country Bank by the nominal 3 per
Cent, or whatever interest it is that is paid for it at present,
in the way of interest will no longer find its
way thither, being turned aside by the full £2.19s
a year, with so many other advantages that attend
the Governmentproposed papers in comparison with Banker's
Notes that of the papers of Country Bankers. The
—
The loss, if there be any, to which this species of
trader is exposed by the proposed measure is at any 9
Loss of trade
less
damage in this
case thanin any
other
rate among the slightest to which and least to be regretted
of any to which man is exposed by the vicissitudes
of trade. It is a mere cessation of gain, or
rather of gain in th e particular shape. A Banker
capital is all in money - it is not with a Banker
as with a manufacturer no loss by sale or conveyance

dispter recovered of stock, by or in
the to a disadvantage to avoid the other greater
loss. A Banker slips into his trade without trouble and
goes out of without loss.

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Identifier: | JB/002/266/001 "JB/" can not be assigned to a declared number type with value 2.
Date_1	1800-09-03	Marginal Summary Numbering	8-9
Box	002	Main Headings	annuity notes
Folio number	266	Info in main headings field
Image	001	Titles
Category	text sheet	Number of Pages	1
Recto/Verso	recto	Page Numbering	e5 / f174
Penner	jeremy bentham	Watermarks	tw 1794
Marginals	jeremy bentham	Paper Producer	francis hall
Corrections	jeremy bentham	Paper Produced in Year	1794
Notes public		ID Number	1005
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