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Art. 20 6
8
As to cooperation, the means of obtaining it
by wholesale, in the wholesale way, are as follows.
Let Books be opened to receive Subscriptions
of Stock in exchange for Annuity Notes.
The premium of or consideration inducement for subscribing,
the an engagement that those who thus accept of Notes
of the first spece contract, shall on a second spece
whenever the redemption of that first spece or takes place,
be paid off latest — The Subscribers, with the avenues
Papers they reserve to be arranged into Classes
No 1, 2, 3 and so forth, of so many 9, 10, or 20 millions
each for that purpose, [acording to the probable size
of the mass of money masses appropriated to that purpose at
a time.]
The holders of 8 per Cents, who by their redemption
would lose two four per Cent of the 5, and the
holders of 4 per Cents, who would lose one might
be arranged in Classes 1 and 2, ex gratia. + Would they accept it? as they could not be paper note but as money entirein Between
the offers would be the race.
Subscription to be reservable by letter, according
to a prescribed Form, prescribed: to be signed at, and transmitted by, the local Annuity Note Offices. Forgery of a to such
letter, a punishable
as Forgery ensues. In favour Date to be to
To compensate for distance, date of subscription Letters to be dated reckoned
not from the day when received, nor yet from the day when dated since for fear of antedating, but when
as per Postmaster each Letter was they were put into the Country
Post-office. Provision for the case of Further is matter
of detail that will come of course. The case of
persons above in the East and West Indies is
not to be forgotten: but the requisite details would take up
too much room to be inserted here.
Identifier: | JB/002/475/001 "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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475 |
art. 20 |
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001 |
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text sheet |
1 |
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recto |
d6 |
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jeremy bentham |
1798 a<…> |
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frances wright |
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1798 |
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1214 |
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