JB/002/584/001

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44 Note Annuity Notes

Not

Ch: Gover VII 40 Propensity of the public to receive paper money proved by examples Scotland America - Yorkshire (a) Paper money has is in so many respects so
much more convenient than metallic money
that in its view of that convenience the
dangers that atended attendant are apt to
be overlooked, and the disruption to receive it
is found in practice to outstrip go beyond rather than
fall short of the mark prescribed by prudence.
In Baltimore in Maryland the American town
of Baltimore where "there are three incorporated
"Banks the number of notes issued from them
"is so great, (according to Mr Wild)+ + Travels in America I 45 2d Edit . 800 "as almost to preclude the circulation
"of specie. Some of the notes are for so
"small a sum as a single Dollar, and being
"much more portable than silver, are generally
"preferred".

Before the Act of Parliament // // Geo. 3. ch - which wanted
prohibits on the part of individuals the issuing of notes for a less sum
than £8 in Scotland England and 2. £1 in Scotland.
Notes for (according to Adam Smith)++ ++ Vol II p. 487. 800 were issued in Scotland for
sums as low as 10s and 5s, and in Yorkshire
even as low as 6d: a sum as low as the
lowest silver coin in circulation, and which
stands occupies the lowest place in the proposed series of
Annuity Notes. It was because the propensity
to prefer paper to metals cash went [+] [+] as it seemed to the legislators so much beyond the
mark prescribed by prudence, that the Act above
mentioned was passed for the purpose of curbing
it. In the currencies of North America (he adds)
paper was commonly issued for so small a sum as
a shilling, and filled almost the whole of the circulation And this, although in none of these instances was any interest to be made by it.

Identifier: | JB/002/584/001 "JB/" can not be assigned to a declared number type with value 2.
Date_1		Marginal Summary Numbering	40
Box	002	Main Headings	Annuity Notes
Folio number	584	Info in main headings field
Image	001	Titles	Note
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	F44*
Penner	Jeremy Bentham	Watermarks	<…>M 1798
Marginals	Jeremy Bentham	Paper Producer	Frances Wright
Corrections		Paper Produced in Year	1794
Notes public		ID Number	1323
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