JB/002/269/001

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3 Sept. 1800 7 Abstract
Ch.XIII Particular interest

III For the Banking Houses The Bankers of the Metropolis, seem to have less tothere seems less
cause of apprehension, than for fear than the Country Banks. They have no paper Town Bankers
10
3. in the London
Banks
1
They would be

Profit the same
1
as the Country Bank

Profit by
of profit in Annuity
notes kept
For customers
since part of the
inducement or
diding would
extend to this paper
The Loss by
paper expelled
for the government paper to annihilate. True it is, that Many persons
on the one hand, many persons who now keep their money at a cash at the Banker's, because by
keeping it themselves they could make no interest, would not indeed keep
their Annuity note paper at the Banker's, if by
keeping it there they could make no interest of it,
while by keeping it at home they could make
3£2:19s per Cent of it. But the inducement to keep money
at the Banker does not consist solely on the consideration
of safe-custody, but in that and other advantages partly in that, and partly
put together in the saving in point of time and trouble in
regard to the counting of money, and doubt and
disputes about the goodness of money offered, together
with the convenience of a man's having the account
of his expenditure kept by other hands. For these remaining
conveniences, some might be willing to give up
waive their claims to the pettysmall and unusual gain of
of 3 per Cent2d per £100 per day upon expenditure: others though unwilling to give up
the whole, may be willing to give up some part
of it, and in this way the profit by interest in a man ought keep
Annuity Note paper might Annuity note paper might
a man might keep his Annuity Note paper at
his Banker's, as he does now his cash, but upon —
This is much gain
to Bankers and
quantity of cash a
sum -|
But will it be the
same
—

terms, and the profit by interest on the paper might
thus come to be dividedshared in some proportion between
the owner of the paper and the keeper of it. LargeCapital
sums however which now through indolence are,
in so many instances, sufferedthrough indolence (+) to bedead to the owner dormant at a [+] and [+] while waiting
for a distant and
undetermined employment
Banker's, would not be quite so apt to lie, th when, in the shape
of Annuity Notes they might be productive of interest
to the owner's with as little troublewithout increase of without prejudice
to such their possible destination. and without any increase of trouble.

Here

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