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35 Notes Art. 14. 30
30 Annuity Notes
Plan
I Constitution-
Art 1314
Advantages
1. Saving on the sum of interest
2. Proportionable extension of the quantum of this currency
The necessity being established, the advantages
are evident — so long as each note ()
this way 1. Profit or Saving on the
sum of interest, and 2. extension of the demand
-The longer a note remaind in this way in the
hands of Government, the greater the sum it would
pass of for when debarred again out of their hands:
and the greater the average quantity of this paper
Most throughout the years taking the year together would be in the remaining
in the hands of government, so much the less
there would be of it for individuals, from whence
there would be a proportionable increase of in the
demand.
Conf. Ch.8: § . .
from p. 34 Supposing the disposition to accept of this paper
to have become general, the acceptance of faculty of recovering it
as well in the way of issue as in the way of circulation
would receive undergo a very considerable restriction, and that an insuperable one, of Government
were to persist in giving refusing to it that acceptance
which by by the supposition as given to it
by individuals the further at large. Individuals would be obliged
to keep by them in hard cash to the amount
of the taxes they severally had to pay. Such
would be the amount of the money which
how much soever inclined they would be disabled
from either receiving notes for in the way of circulation
or taking them out in the way of issue Back to p.34
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Identifier: | JB/002/425/001 "JB/" can not be assigned to a declared number type with value 2.
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not numbered |
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002 |
annuity notes |
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425 |
art. 14 |
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001 |
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text sheet |
1 |
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recto |
f30 |
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jeremy bentham |
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1164 |
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