JB/002/596/001

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/11 Annuity Notes

Ch. Grounds
Press

slackened.

16
No such cause can
be stated as probable
To be as secure as
Bank Paper would
be sufficient — but
it is more so.

I have started the supposition of an accident
of this sort, for supposition argument for the sake of illustration sake: but upon
if any one such cause be enquired after, looked out for
it will not be rather difficult to find.

If in this respect the proposed paper
were on no higher a footing than Bank paper,
the probable stability of it might well enough be
allowed admitted to be sufficient for practice. Twice only
since the era of its installation — twice only
in the compass of about a century — has
the paper of this great but private Company
been found to experience so much as a momentary
shock. But at both these periods what
produced the crisis and the difficulty was an
extraordinary run: an extraordinary call upon
the issuers of that paper to do what by that paper
they undertake to do in favour of as many as
call upon them so to do [+] subject all the while to the under a physical
impossibility of doing it in favour of all, should
it be called upon more than a certain number
and value of note-holders should it be called upon by
more than that number and value.

<p [+] (viz: deliver gold or d in exchange for every note, gold or silver to the value which it imports)

Identifier: | JB/002/596/001 "JB/" can not be assigned to a declared number type with value 2.
Date_1		Marginal Summary Numbering	16
Box	002	Main Headings	annuity notes
Folio number	596	Info in main headings field
Image	001	Titles
Category	text sheet	Number of Pages	1
Recto/Verso	recto	Page Numbering	e11
Penner	jeremy bentham	Watermarks
Marginals	jeremy bentham	Paper Producer
Corrections		Paper Produced in Year
Notes public		ID Number	1335
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