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<head>18</head><!-- written in pencil --> | <head>18</head><!-- written in pencil --> | ||
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<p><!-- indent --><note>Ch . 8. Advantages Financial Period 1 3. Notes in hand</note><!-- written in pencil --> <note>1<del>8</del>6 continued</note><!-- written in pencil --> As this would be the course taken by each <add>such</add> individual | <p><!-- indent --><note>Ch . 8. Advantages Financial Period 1 3. Notes in hand</note><!-- written in pencil --> <note>1<del>8</del>6 continued</note><!-- written in pencil --> As this would be the course taken by each <add>such</add> individual | ||
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Receiver , on the supposition of a due attention | Receiver, on the supposition of a due attention | ||
<lb/> | <lb/> | ||
on his part to his own interest , <del>a reason | on his part to his own interest, <del>a reason occur</del> <add>there is</add> | ||
<lb/> | <lb/> | ||
one consideration that presents itself in the character | one consideration that presents itself in the character | ||
<lb/> | <lb/> | ||
of a reason <del>for not having the matter to the | of a reason <del>for not having the matter to the discretion</del> <add>why Government should not have the</add> | ||
<lb/> | <lb/> | ||
matter to the individual but take it into | matter to the individual but take it into | ||
<lb/> | <lb/> | ||
its own hands . Guided solely <add>each</add> by his own interest | its own hands. Guided solely <add>each</add> by his own interest | ||
<lb/> | <lb/> | ||
the quantity of <del>this paper</del> Annuity note paper | the quantity of <del>this paper</del> Annuity note paper | ||
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come to be so great within a given span of time | come to be so great within a given span of time | ||
<lb/> | <lb/> | ||
come to be so great , as in conjunction with the quantity | come to be so great, as in conjunction with the quantity | ||
<lb/> | <lb/> | ||
taken out by <del>many</del> individuals within that | taken out by <del>many</del> individuals within that | ||
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time might come to produce a <hi rend='underline'>glut</hi> of this paper | time might come to produce a <hi rend='underline'>glut</hi> of this paper | ||
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and sink the price . So long as it depended | and sink the price. So long as it depended | ||
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upon the individual, <add>[+]</add> no degree of <sic>depretiation</sic> thus | upon the individual, <add>[+]</add> <note><add>[+]</add> and supposing as must be the case that the Annuity note paper so purchased would be removed all the Exchequer or other principal <add><del><gap/></del></add> Government Office, at par as must be the case</note> no degree of <sic>depretiation</sic> thus | ||
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produced would be sufficient to prevent or so much | produced would be sufficient to prevent or so much | ||
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as check the practice: <del> | as check the practice: <del>: though it were to <unclear>condemn</unclear> <gap/></del> <add>some<!-- or, time --> whatever were the amount</add> | ||
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<del>to 50 per Cent reducing</del> of the <sic>depretiation</sic> ; in | <del>to 50 per Cent reducing</del> of the <sic>depretiation</sic>; in | ||
<lb/> | <lb/> | ||
the money market at large , every £100 worth of | the money market at large, every £100 worth of | ||
<lb/> | <lb/> | ||
this paper being received from loan by Government | this paper being received from loan by Government | ||
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by it in the least diminished by it. | by it in the least diminished by it. | ||
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<p><!-- indented -->Government would in the other case take care | |||
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that no such <sic>depretiation</sic> should ever take place, at | |||
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least in any degree worth regarding: <unclear>or</unclear> in the very | |||
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first stage of such <sic>depretiation</sic>, though it was to be but | |||
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a farthing upon the standard Note of £12:16<hi rend='superscript'>s</hi>, Government | |||
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would give the requisite orders for stopping | |||
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the exchange. <add>It</add> | |||
<lb/></p> | <lb/></p> | ||
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{{Metadata:{{PAGENAME}}}} | {{Metadata:{{PAGENAME}}}}{{Completed}} | ||
18
34 Annuity Notes
Ch . 8. Advantages Financial Period 1 3. Notes in hand 186 continued As this would be the course taken by each such individual
Receiver, on the supposition of a due attention
on his part to his own interest, a reason occur there is
one consideration that presents itself in the character
of a reason for not having the matter to the discretion why Government should not have the
matter to the individual but take it into
its own hands. Guided solely each by his own interest
the quantity of this paper Annuity note paper
taken out by money drawn from this source might
come to be so great within a given span of time
come to be so great, as in conjunction with the quantity
taken out by many individuals within that
time might come to produce a glut of this paper
and sink the price. So long as it depended
upon the individual, [+] [+] and supposing as must be the case that the Annuity note paper so purchased would be removed all the Exchequer or other principal Government Office, at par as must be the case no degree of depretiation thus
produced would be sufficient to prevent or so much
as check the practice: : though it were to condemn some whatever were the amount
to 50 per Cent reducing of the depretiation; in
the money market at large, every £100 worth of
this paper being received from loan by Government
at £100 with the interest up to the day
when so received, his profit would not be diminished
by it in the least diminished by it.
Government would in the other case take care
that no such depretiation should ever take place, at
least in any degree worth regarding: or in the very
first stage of such depretiation, though it was to be but
a farthing upon the standard Note of £12:16s, Government
would give the requisite orders for stopping
the exchange. It
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Identifier: | JB/002/176/001"JB/" can not be assigned to a declared number type with value 2. |
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18 continued |
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002 |
Annuity Notes |
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176 |
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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. |
E4 / F18 |
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Jeremy Bentham |
<…>M 1798 |
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Frances Wright |
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1798 |
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915 |
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