JB/116/259/001

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31 July 1802 N. S. Wales (3

Truth from such a source, can not reasonably be expected
to come pure. The mischief apprehended as stated consists — not
in the transportation of capital in general from a station home
station to a yearly foreign and widely distant one — from a station
of greater security to a station of less security — but from the its
transporting being transported it in the particular shape of bullion: that is
in the shape of that particular species of it which in general
is but suited to the purpose of transportation — goes furthest
in purchases when transported in general — in the commercial world taken together but more particularly
there: as if the plenty quantity of wealth in all other shapes
depended upon the quantity of wealth which the earth happened <add>land and labour of the earth</add>
to have furnished in that particular shape; with the labour bestowed upon them happened in which it is best
adapted for passing from hand to hand in exchange for
wealth in other shapes: as if the relative value the
value in the way of exchange of this species of wealth
were neither had never either been increased by its relative scarcity, or decreased
by its relative abundance.
[+] [+] Such is the supposition necessarily involved in the observation: a supposition made according to custom — according to almost universal custom, but in the very teeth of reason, experience, and Adam Smith.
[When the aggregate quantity of
this species of wealth engaged in any given in a country in readiness to be delivered in payment
within a particular time happens by any accident to
fall short of the quantity engaged to be delivered within
that time, the deficiency which for the time thus — results in report of the means
of fulfilling such engagements is thus productive of distress.
Thence it is men conclude that there never can
be too much of so good necessary a thing, nor ever even so much
as enough: not considering that it is from quantity
continually received that the quantity continually engaged
to be delivered the one increase in the quantity engaged for to be
delivered follows in an ever diminished ever undiminished proportion from the
quantity continually received: and that if the g quantity
of gold and silver employed in Great Britain (or any where
else) in a given time were ten times as great as at present, [+]
[+] (the number of hands through which the aggregate passed in a commercial way within the same given time remaining also unchanged.)
the quantity of things, it sent in exchange for remaining unincreased,
the security against such temporary and accidental failures would not be greater than it is now.

Identifier: | JB/116/259/001 "JB/" can not be assigned to a declared number type with value 116.
Date_1	1802-07-31	Marginal Summary Numbering
Box	116	Main Headings	panopticon versus new south wales
Folio number	259	Info in main headings field	n. s. wales
Image	001	Titles
Category	text sheet	Number of Pages	1
Recto/Verso	recto	Page Numbering	e3
Penner	jeremy bentham	Watermarks
Marginals		Paper Producer
Corrections		Paper Produced in Year
Notes public		ID Number	37792
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