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5
day, even kept all of it, and all of it constantly
in the coffers of the Bank, in ans. a condition
to answer to such demand, to profit in the concerns of the Bank would
be impossible, and the expence of management
would be so much neat loss. In this predicament
stands all paper payable promising <add>undertaking for present money money</add>on demand
that is in a quantity at a time, at the
option of persons unknown, and incapable of being
ever foreseen. — of being compleatly provided for, or
so much as foreseen.
In the proposed paper, so far from the whole
amount of the money received from being payable returnable
at on demand, that the quantity demandable
is at no time so much. as one-third
part of the money received, as that in a day
uncertain, but in a day which is constantly more out
of sight foreseen, and for the business of which there is
the whole twelvemonth to provide, with the whole
power of governm wealth and the whole the country to provide it.
In a word the thing undertaken for by the proposed
paper is no other than what is undertaken for
by the creation of stock; an undertaking the performance
of which was never yet known to fail, nor
no has the failure of it since the institution of the engagement + + on any determinate occasion or period of time. been ever so much as
apprehended. The day may come — the day
will come (it has been said) — when a failure, in some degree or other
in
Identifier: | JB/002/590/001 "JB/" can not be assigned to a declared number type with value 2.
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6 |
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002 |
annuity notes |
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590 |
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001 |
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text sheet |
1 |
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recto |
e5 |
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jeremy bentham |
tw 1794 |
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francis hall |
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1794 |
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1329 |
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