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9
Of this measure, were it successful to the utmost,
possible extent possible, the profit would be small in
comparison of the profit of doing away the depretiation
to the amount of 4 per Cent suffered by Exchequer
Notes in comparison of Bank Notes: in other
words of obtaining for government paper a general
circulation upon a footing with that possessed at present
by the Bank of England without stint and by country Bankers
in a limited degree. This may be attempted The An attempt of this sort is equally
susceptible of a variety of shapes.
One is to set pass an Act for offering, and to offer accordingly
Government Notes for to a limited amount and a limited sum, and
that at first a small one say one million payable
to Bearer wd exac at a certain office exactly upon the
plan of Bank notes.. They should be made at the same
time universally and immediately receivable as cash in all offices and by all Agents
of Government. On the other hand they may be tendered will in this case be
tendered of course by all such offices and Agents in
as far as they have money to pay on account of Government.
[The obligation of accepting a certain number
for circulation might be tacked to a loan, to lott the sale
of Lottery Tickets or to any other such registration, should
any advantage be expected from any such mod forced
mode of circulation. ]
Identifier: | JB/002/365/001 "JB/" can not be assigned to a declared number type with value 2.
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2, 1 |
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002 |
annuity notes |
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365 |
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001 |
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text sheet |
1 |
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recto |
e9 |
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jeremy bentham |
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1104 |
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