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3 Sep 1800
Abstract
Ch XIII Particular Interest
Country Bankers
About<add>In</add> Novr 1792,
In 1794, (according to Mr Chalmers) the number of
Country Banks was not less than<add>upwards of</add> above 400; + on of April<add>before the month of</add> in 1797
March 1797 1793, (according to the evidence given on the 1st of April 1797 to the Committee House of Lords' + Estimate &c Edition 1794. Dedication
pIII
pp.III,lxvii.
this had decreased to about 280: on that same 1st April 1797
according to the same evidence, they did not exceed 230. about 280: should it in consequence of the *
<add>If, in consequence of the proposed measures, the number of
reduction measure assurance a further reduction, the
these Banks should experience a further reduction, or change of employment threatens not to be either
even be swept away altogether, the change is of a<add>sort</add> produ p by, or productive of distress
that threatens not to be either preceeded or followed by || By Mr Ellison, Agent
to the Association of Country
Banks Lord's Report p. 87.
Distress, Failure cannot be among the consequences. if
the measure. The Banks will have had ample warning
time for getting in the their debts, and contracting their issues
From the opening of the issue.
When this issue is opened, the progress of it the whole
of the issue of the proposed paper the progress, from the very opening of it will
be known, <add>to a </add>day by
day, the whole island
over, <add>#to a penny.— Months at
any rate, not to speak
of years, will have
intervened , between
the first spec authentic
mention of the measures,
and the establishment
of it. is bound over, will be known to a penny, and published
every day.
From withdrawing without failure - from withdrawing, in conseq should it take place
in consequence of the advancement of the proposed ++ By Art.18
Ch.I.
Annuity Note paper - from withdrawing without
failure little p damage would ensue to the few
individuals, particularly concerned, and more to any body else.
From failure, as often as it happens, ruin ensues
to the individuals concerned, and much mischief ++ By Art. 18. Ch.1.
to the community at large. An entire substitution
of the proposed government paper to the paper
of country Bankers would effectually prevent the
recurrence of this mischief and that ruin. It is no
light matter. Out of 400 and odd Country Banks above
spoken of, (according to an account taken by Mr
Chalmers,) upwards "a full fourth"', of failed. ++ Of more recent ++ ib.
failures I say nothing, having nobody to quote.
By expulsion from this branch of trade the whole
body of the trade would thus be secured from failure. By
the failure of the part, though it were but in truth part, more distress would
at any time be produced, reckoning that of the trade alone,
than by the expulsion of the whole. |
For
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Identifier: | JB/002/268/001 "JB/" can not be assigned to a declared number type with value 2.
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1800-09-03 |
9 continued |
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002 |
Annuity Notes |
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268 |
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001 |
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Text sheet |
1 |
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"Recto" is not in the list (recto, verso) of allowed values for the "Rectoverso" property.
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E6 / F176 |
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Jeremy Bentham |
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1007 |
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