JB/003/138/001

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18 Decr 1800
Paper Mischief

Ch. Of the Money-hoarding System.
Ch. Of – or the system of
Government-hoarding, of keepers hoarding up
money on the part of Government.

Things are illustrated by their contraries. –
To take the benefit of this observation, let us bestow
a glance upon the hoarding system what may be termed the
system of : the system of laying up
hoards of money on the part of government, in reserve
to be for casual exigencies. As the introduction
of paper money makes in the first instance
at least an addition to the mass of money in circulation,
so does the hoarding up system produce in the
first instance at least, a defalcation from that same
mass.

If by paper money no addition is made adds nothing to the mass of other
wealth, by the hoarding system no defalcation (it
may be said) will be made from it. The advantages
resulting from the hoarding system are great
and obvious: they have hitherto been looked upon as
not clear, but bought at the expence of the addition
that might otherwise have been made to the mass of
national wealth. If that addition is illusory, the
policy of the hoarding system will shine in added
lustre.

Identifier: | JB/003/138/001 "JB/" can not be assigned to a declared number type with value 3.
Date_1	1800-12-18	Marginal Summary Numbering	1
Box	003	Main Headings	manual of political economy
Folio number	138	Info in main headings field	paper mischief
Image	001	Titles	of the money-hoarding system
Category	text sheet	Number of Pages	1
Recto/Verso	recto	Page Numbering	f1
Penner	jeremy bentham	Watermarks	1798 a<…>
Marginals	jeremy bentham	Paper Producer
Corrections		Paper Produced in Year	1798
Notes public		ID Number	1548
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