JB/002/561/001

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2ds 21
1
Ch. Grounds
VI Depretiation

20
6. It will be dependable
proof
dependable of engagements
for paying future monies
cases
1. Glut.
2. Apprehension of
insolvency

Depretiation contemporary )( subsequent:

C 2
6. It will be depretiation depression proof.
This property is not indispensable essential to the existence
of a paper currency — to its occupation
in the way of circulation: for instances exist
of Government papers that no exist without it
witness Exchequer Bills, Navy, Transport and
Victualling Bills and Ordnance Debentures and What
what is more no Government paper has ever yet
existed with it. But this the property in question if not indispensably
essential to the circulation of this paper will at any rate be highly
conducive to it: more especially to the extent
it aims at.

There is no instance
of a Government paper
issued only in proportion
to the demand
nor of which the producer
is employ'd in strengthening
the security, and
lessening the load of the
same commodity or market

21
No engagement
yet known possesses
the security
against depretiation
by glut, that will
be possessed by this.
See p. 24

In speaking of it as depretiation proof
I can only
Depretiation-proof, it certainly can it must be confessed, it can
not be any further than the government, of
whose promises it is the vehicle is destruction
proof. And as the destruction of the government, value of this paper will be destroyed by
will destroy the value so by any cause
that threatens immediate danger to the government
it that value will be liable to be diminished: invasion
for example or civil war.

22
As to depretiation by
apprehension of insolvency
1. This does not apply
more to this than
engagement, than to
any other.

But this besides being an extreme case, consideration, besides its to <add> being grounded on
can never be urged regarded as an objection against
the proposed paper measure: since it applies not to that
any more than to any other measure of government.

It operates rather as a recommendation might rather to be regarded as a
circumstance of advantage
have

Identifier: | JB/002/561/001 "JB/" can not be assigned to a declared number type with value 2.
Date_1		Marginal Summary Numbering	20-22
Box	002	Main Headings	Annuity Notes
Folio number	561	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	E1 / F21
Penner	Jeremy Bentham	Watermarks	1798 A<…>
Marginals	Jeremy Bentham	Paper Producer	Frances Wright
Corrections	Jeremy Bentham	Paper Produced in Year	1798
Notes public		ID Number	1300
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