JB/002/405/001

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Art. 7. 17

The advantage thus proposed to be waived, would
be apt enough to appear very considerable, and
the more considerable, the more likely to be taken
Till the time came when by the raising of
the The money existed <add>employed in the purchase of Note Annuities
by the</add> original set of Note Annuitants, that is, by as
many persons as became so at any period prior
to that at preceding the rise of Stock Annuities
to par or thereabouts would consist chiefly of not altogether
of money of which so circumstanced, that of interest even not
made of it in that way no interest could be made all
of it in any way. With persons so circumstanced,
Government in respect of so much of their
money as stood thus circumstanced, would have it in
its power (it would be apt to appear) to drive a
hard bargain, and force them to accept of 2-1/2 per
cent, for example, or 2 per Cent — or any thing.

But, that no great advantage would be waived
by Government's procluding itself from the making
of such a bargain will appear from this simple
consideration, viz: that the same bargain and
circumstances which (as just stated) appear to
render such a bargain feasible, are such as would equally exert
no other than what equally exist
at present, that is previous to any spece: and
the only additional facility which government
would have for the making of such hard terms at
the advanced period in question over and above
what existed at the opening of the spece is the
light whatever it may be which may be expected
to be thrown upon the disposition of the issued
in this respect, by the experience gained in the
progress of the spece.

Identifier: | JB/002/405/001 "JB/" can not be assigned to a declared number type with value 2.
Date_1		Marginal Summary Numbering	not numbered
Box	002	Main Headings	annuity notes
Folio number	405	Info in main headings field	art. 7
Image	001	Titles
Category	text sheet	Number of Pages	1
Recto/Verso	recto	Page Numbering	f17
Penner	jeremy bentham	Watermarks
Marginals	jeremy bentham	Paper Producer
Corrections		Paper Produced in Year
Notes public		ID Number	1144
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