JB/003/005/004

Click Here To Edit

Extent

19
Smith 1.436
A. Smith seems
to suppose that
an Paper
will expell each
– but will it,
– this argument, (as
far as intelligible)
applies only to
the case where the
whole quantity of
paper is introduced
in the
– which has
never been the case
with this Banker
& Bankers paper,
nor would with
the Annuity Note
paper.

20
Memorandum
Examine Smith
1.448.

21
Smith 2.452
Expence of money
money in its passing
from London to Scotland
was 15 per
£100.

22
Smith I. Lib 2.
"The quantity of paper
"money which
"the circulation of
"a country can
absorb and employ
– A figurative expression,
which
conveys no distinct
idea – does not
exhibit the plain
truth of the case.

---page break---

Extent

16
If Government
would not take
Anny Notes in payment
of taxes, individuals
would be
obliged to keep
hard cash, (and
so forbear to take
out Anny Notes
with it) to the amount
of the taxes
they severally had
to pay.

17
If Government were
and to take Anny Notes
in payment of taxes
then no particular individuals
would not be obliged
to keep any gold
by him for the
purpose of taxes,
nor for any other
purpose, except
for the accidental
one of making a
legal tender, in
the case of a law
or dispute: every
individual not so
circumstanced,
would find it for this
advantage (if
he had to keep
his money by him
for any length
of time (not otherwise)
to take
Annuity Notes in
exchange for such
part of it as happened
to be in hard
cash.

---page break---

Effects

In proportion as
it failed of making
with a portion
of unemployed infinity
with regard
to labour, to receive
it, it would generate
to the enhancement
of the nominal
prices of goods
and labour.

5
In proportion as
it enhanced the
nominal price
of labour & goods
it would encrease
the comparative profit to be
made by export milling or
exporting it, &
by that means
encrease the milling
and exportation
of it.

6
In proportion as
the quantity of
gold coin exported
was decreased
the quantity capable
of returning
to the Exchequer
for the purchase
of fresh parcels
of Annuity Notes
would be undivided.
So that the more less
gold, the more less
Annuity Note paper
your of quickness of circulation
being supposed
the same.

Identifier: | JB/003/005/004 "JB/" can not be assigned to a declared number type with value 3.
Date_1		Marginal Summary Numbering
Box	003	Main Headings	annuity notes
Folio number	005	Info in main headings field	annuity notes
Image	004	Titles	extent / effects
Category	rudiments sheet (brouillon)	Number of Pages	1
Recto/Verso	recto	Page Numbering
Penner	jeremy bentham	Watermarks
Marginals		Paper Producer
Corrections		Paper Produced in Year
Notes public		ID Number	19210002
Box Contents