JB/002/279/001

520px

ENTER TRANSCRIPTION BELOW THIS LINE

+ 8
1
Ch. XII

It may be asked — why to what good and what advantage is there and
why throw the whole burthen of the measure upon a the two particular
classes in question such as were the Country Bankers and the Proprietors
of the Bank of England, instead of letting it
rest upon the shoulders spread over so much broader of the community at large,
in the shape of a rise of prices?

My answer is — to reduce the amount and
pressure of it to its minimum. + <note>+ At an estimate greater than any possible one, the former loss would not bear <add>be to the latter in so high a proportion as that of </note></add>because the loss by the extinction
of the paper could be so than the loss by
the rise of prices. As the utmost possible advantage to The loss would be the second, no more than in interest to principal. To the
Banking class it is not clear (as hath already been
shewn) that the loss would in fact amount to any
thing. But suppose it be amount put an extreme case, and take it,in
the instance of all the individuals concerned put each individual together
, at the utmost possible amount, it would rise
to in the instance of any one. individual. Call
the total amount of Bank and Bankers paper
as before, £25 million, and supp upon the
whole of this paper suppose a real profit of 5 per
Cent, annually made. Total of loss upon the suppositi Upon a
supposition this exception on a variety of points, thus
excessive, the total loss is but £1,125,000 a year.
on the other hand, as before, the total quantity
of Bank and money of all kinds taken together
75 about £75 £73 millions: and + + (according to the a position brought to view in the commencement of this Chapter) suppose (what appears to to be a the
supposition) that the addition made to the prices of inedible commodities by
a quantity of money introduced
on a sudden (i.e. before there had been true for
any considerable addition to the quantity of such commodities
that

DO NOT EDIT BELOW THIS LINE

Identifier: | JB/002/279/001 "JB/" can not be assigned to a declared number type with value 2.
Date_1		Marginal Summary Numbering	[[marginal_summary_numbering::[ ] continued]]
Box	002	Main Headings	Annuity Notes
Folio number	279	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	D8 / E1 / F186
Penner	Jeremy Bentham	Watermarks	1798 A<…>
Marginals	Jeremy Bentham	Paper Producer	Frances Wright
Corrections		Paper Produced in Year	1798
Notes public		ID Number	1018
Box Contents