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14 Notes Art. 5 14 | <p><note>14 Notes</note> <head>Art. 5</head> <note>14</note></p> | ||
Annuity Notes | <note>Annuity Notes</note> | ||
The following notes appear to be crossed out | <note><!-- The following notes appear to be crossed out --> | ||
Plan | Plan<lb/> | ||
1. Conf<gap/> | 1. Conf<gap/></note> | ||
Art. 5. [1] | <note>Art. 5. [1]<lb/> | ||
Not to sell them | Not to sell them<lb/> | ||
for less on iss<gap/> | for less on iss<gap/><lb/> | ||
defalcation — Not | defalcation — Not<lb/> | ||
inconvenient while | inconvenient while<lb/> | ||
<gap/> may be <gap/> | <gap/> may be <del><gap/></del><lb/> | ||
at <gap/> <gap/> to any amount | <del>at <gap/></del> <add><gap/> to any amount</add><lb/> | ||
and at any price | and at any price</note> | ||
Stet | <note>Stet</note> | ||
<note>Stet</note><!-- Overwritten by note [+] below --> | |||
<p><del>Art. 5. p. 4. ( ) [<hi rend="underline">Never at a less price</hi>] <hi rend="underline">Steadiness of</hi> <gap/><lb/> | |||
<hi rend="underline">price</hi> is a property essential to a good paper currency.<lb/> | |||
People will <gap/> from a species of money the value of<lb/> | |||
which appears liable to <gap/> <add><gap/> money</add> in their hands. Banks<lb/> | |||
proper, though unproductive to <gap/> Holder tax with<lb/> | |||
little from the terms of its <gap/> <gap/> <gap/>, ever-upwards<lb/> | |||
of a century been found possessed with <add>of this property</add> source <gap/> <add>a momentary</add> exception<lb/> | |||
as to time. It has <gap/> <gap/> <gap/> been<lb/> | |||
possessed <add><gap/></add> as yet by any Government paper yielding<lb/> | |||
interest. The expedient here proposed promises to be<lb/> | |||
as effectual as it is simple.</del></p> | |||
<p><del>The</del> <add>That which concerns the</add> fixation of the price is the <del>something useful</del> <add>essential article</add><lb/> | |||
<del>and sufficient</del>: the restriction with regard to their making<lb/> | |||
be | Loans in this shape is <del>rather</del> <del><add>but</add></del> <add>little more than</add> explanatory. If it can<lb/> | ||
never be issued at a less price, either Loans can<lb/> | |||
never by made in it, or <del><gap/></del> if they are, the apprehended<lb/> | |||
mischief <del>do</del> <add>does</add> not ensue, since no depression<lb/> | |||
takes place in regard to the price. I<!-- "I" symbol --></p> | |||
<p><add>[+]</add><lb/> | |||
<note><add>[+]</add> No Loan can ever<lb/> | |||
be made in it at a<lb/> | |||
greater price, so long<lb/> | |||
as any of the existing<lb/> | |||
Stock Annuities continue<lb/> | |||
unredeemed, because<lb/> | |||
so long as any portion<lb/> | |||
of these Annuities continues<lb/> | |||
unredeemed, the<lb/> | |||
issue is by virtue of its<lb/> | |||
<unclear>2nd</unclear> article (Art. 6) to be<lb/> | |||
kept open, and no man<lb/> | |||
will pay £101 for an<lb/> | |||
Annuity which he has<lb/> | |||
a right to claim for<lb/> | |||
£100.</note></p> | |||
The exigencies of government not being susceptible | <p>A stipulation to this effect is not more exposed<lb/> | ||
of any certain timetation, [+]3 | to evasion, than any other: every advantage whatsoever<lb/> | ||
[+]3 and future money | added to the Annuity, — every thing <del>that</del><lb/> | ||
<gap/> Annuities being | to which the name of a <hi rend="underline">douceur</hi> or <hi rend="underline">bonus</hi> <add>could be applied</add>, would<lb/> | ||
all that it has | be an evasion, and such an evasion as could not be<lb/> | ||
to offer for the ready | concealed. This would not hinder a quantity of the<lb/> | ||
money of whic it has | Annuity Note paper itself from being given in the way of a<lb/> | ||
occasion for | <hi rend="underline">bonus</hi> on a Contract for Stock, if, for the purpose of giving a [+]2<lb/> | ||
it would be idle to | <note><add>[+]2</add> commencement to the<lb/> | ||
attempt to <gap/> set any bounds to the quantity | currency of it, or for<lb/> | ||
of Annuities that shall be created by government | any other purpose, any<lb/> | ||
would be an idle attempt. But so long as any one | advantage should present<lb/> | ||
branch of the Annuity market is left open and without conditions, any | itself as derivable<lb/> | ||
other may be closed, or | from such a measure.</note></p> | ||
conditions as | |||
<p>The exigencies of government not being susceptible<lb/> | |||
of any certain <unclear>timetation</unclear>, <add>[+]3</add><lb/> | |||
<note><add>[+]3</add> and future money<lb/> | |||
<gap/> Annuities being<lb/> | |||
all that it has<lb/> | |||
to offer for the ready<lb/> | |||
money <del>of whic</del> it has<lb/> | |||
occasion for</note><lb/> | |||
<del>it would be idle</del> to<lb/> | |||
attempt to <del><gap/></del> set any bounds to the quantity<lb/> | |||
of Annuities that shall be created by government<lb/> | |||
would be an idle attempt. But so long as any one<lb/> | |||
branch of the Annuity market is left open <add>and without conditions</add>, any<lb/> | |||
other may be closed, or kept open upon any such<lb/> | |||
conditions as may be found advisable.</p> | |||
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{{Metadata:{{PAGENAME}}}} | {{Metadata:{{PAGENAME}}}} | ||
14 Notes Art. 5 14
Annuity Notes
Plan
1. Conf
Art. 5. [1]
Not to sell them
for less on iss
defalcation — Not
inconvenient while
may be
at to any amount
and at any price
Stet
Stet
Art. 5. p. 4. ( ) [Never at a less price] Steadiness of
price is a property essential to a good paper currency.
People will from a species of money the value of
which appears liable to money in their hands. Banks
proper, though unproductive to Holder tax with
little from the terms of its , ever-upwards
of a century been found possessed with of this property source a momentary exception
as to time. It has been
possessed as yet by any Government paper yielding
interest. The expedient here proposed promises to be
as effectual as it is simple.
The That which concerns the fixation of the price is the something useful essential article
and sufficient: the restriction with regard to their making
Loans in this shape is rather but little more than explanatory. If it can
never be issued at a less price, either Loans can
never by made in it, or if they are, the apprehended
mischief do does not ensue, since no depression
takes place in regard to the price. I
[+]
[+] No Loan can ever
be made in it at a
greater price, so long
as any of the existing
Stock Annuities continue
unredeemed, because
so long as any portion
of these Annuities continues
unredeemed, the
issue is by virtue of its
2nd article (Art. 6) to be
kept open, and no man
will pay £101 for an
Annuity which he has
a right to claim for
£100.
A stipulation to this effect is not more exposed
to evasion, than any other: every advantage whatsoever
added to the Annuity, — every thing that
to which the name of a douceur or bonus could be applied, would
be an evasion, and such an evasion as could not be
concealed. This would not hinder a quantity of the
Annuity Note paper itself from being given in the way of a
bonus on a Contract for Stock, if, for the purpose of giving a [+]2
[+]2 commencement to the
currency of it, or for
any other purpose, any
advantage should present
itself as derivable
from such a measure.
The exigencies of government not being susceptible
of any certain timetation, [+]3
[+]3 and future money
Annuities being
all that it has
to offer for the ready
money of whic it has
occasion for
it would be idle to
attempt to set any bounds to the quantity
of Annuities that shall be created by government
would be an idle attempt. But so long as any one
branch of the Annuity market is left open and without conditions, any
other may be closed, or kept open upon any such
conditions as may be found advisable.
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Identifier: | JB/002/402/001"JB/" can not be assigned to a declared number type with value 2. |
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Not numbered |
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002 |
Annuity Notes |
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402 |
Art. 5 |
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001 |
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Text sheet |
1 |
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Recto"Recto" is not in the list (recto, verso) of allowed values for the "Rectoverso" property. |
A14 / F14 |
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Jeremy Bentham |
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1141 |
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