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30
4. That If for a case this void of probability it were
worth while to look out for a remedy, a remedy
and that of the preservative kind might easily
be applied provided for it. I mean that of
a Cash Fund, + + not to exceed (suppose) a million, formed by a reserve made of a
part of the profits of the operation (as per
Art. 9) and to be employ'd in case of and in the support
of the price of the proposed paper, by others
buying it in with cash, or advance taking it
in pawn for cash, from the time that the discount
upon it had risen to an amount worth regarding.
Whether this million should be always
had, or whether its powers should be provided
for lending it out — certainly not to individuals — but
to some one great Corporation or more intermediate
hands such as that of the Bank of England
to enable them to lend it out to individuals of
as at present according to their own rules,
for s in the way of discount, for short terms,
would be a matter for ulterior consideration.
A provision to this effect, guaranteeing insuring the proposed
paper as it were by giving it this sort
of guarantees, against depretiation: in this way, against depretiation,, [by
providing this <add>sort of eventual support to prevent it from falling below a certain mark,] </add> with or without
a specific fund appropriated to the purpose, might
perhaps be not amiss employd, in impressing
the idea of its stabli stability upon the public
mind. If this could be done without the any such certain expence as
that of a dead fund, the more improbable the complaint,
more unexceptionable the remedy: if were thought
necessary that the expence should be incurred in advance,
+ + the probability of the complaint would then be smaller for previous determination.
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Identifier: | JB/002/571/001 "JB/" can not be assigned to a declared number type with value 2.
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33 |
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002 |
Annuity Notes |
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571 |
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001 |
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Text sheet |
1 |
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"Recto" is not in the list (recto, verso) of allowed values for the "Rectoverso" property.
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F30 |
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Jeremy Bentham |
1798 A<…> |
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Frances Wright |
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1798 |
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1310 |
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