JB/042/118/001

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1826. June 20
Constitutional Code.

Ch. IX. XI.Ministers severally.
§. 13 Finance Minister.

Money 1. actual real in effect x promissory.

Art. 19. If instead of
borrowing money of the
Bank, Government had
issued bills of its own
credit, the consequent
loss of credit would have
been greater than the
saving of the interest.

If instead antecedently to the Bank restriction of borrowing the promissory money of the Bank Government
had issued the sa on its own credit promissory money in the same quantity
it would have said, could it have found credit, the on amount
of interest. But while Government could not have found credit, the
Bank was by various circumstances enabled to find credit
Government had it not been for the Bank, Government to circulate
the same quantity of money would have done so at such a
loss of credit as would greatly have overbalanced what it
paid to the Bank for interest. Had it not been for the Bank
English Government money would have run the same course as
to at the time of the Prussian War the United States government
money did, and at the time of the French Revolution was the
French Government money did.

☞ Topics remaining to be handled.

1. Transfer not encreasing prices— Examples 1. Money circulating at a gaming
table. 2. Money given by A. to B. by B. to C. &c. without being employed
in purchase and therefore in , or a loan.

2. Profit and loss of government by employment of depret money
depretiated by self-lending for government use.

3. Government derives in times of need the above advantage
from the great old Bank: how it never did nor ever can
derive the same advantage from the little new Banks—all
the profit was and is so much waste.

4. Quere why individuals in general have given to the
Bank that credit which they would not have give to Government.

Identifier: | JB/042/118/001 "JB/" can not be assigned to a declared number type with value 42.
Date_1	1826-06-20	Marginal Summary Numbering	not numbered
Box	042	Main Headings	constitutional code
Folio number	118	Info in main headings field	constitutional code
Image	001	Titles
Category	text sheet	Number of Pages	1
Recto/Verso	recto	Page Numbering	d5 / e5
Penner	jeremy bentham	Watermarks	j whatman turkey mill 1824
Marginals		Paper Producer	admiral pavel chichagov
Corrections		Paper Produced in Year	1824
Notes public		ID Number	13041
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