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2. Profit <hi rend='underline'>by interest undemanded</hi> will be | <p>2. Profit <hi rend='underline'>by interest undemanded</hi> will <del>be</del> continue <lb/> and with increase. <del>For</del> The profit <add>above mentioned as</add> produced by <lb/> the Notes in <hi rend='underline'>circulating <del><gap/></del> | ||
hands</hi> <add>will increase as this quantity of paper <gap/> out with a view to circulation:</add> <lb/> <hi rend='underline'>with</hi> increase: this <add>branch of</add> profit may be termed the <del><hi rend='underline'><gap/> </hi></del> <add><hi rend='underline'>standing</hi></add><lb/> <add>or <hi rend='underline'>regular</hi></add> branch<hi rend='underline'>. To this will <add>now</add> be added the profit produced <lb/> by the Notes in <hi rend='underline'>hoarding hands</hi>: viz: the expected <lb/> Stockholders, who take this paper with a view to <add>permanent</add> income <lb/> as they held their Stock. This <add>branch</add> may be termed <lb/> the <hi rend='underline'>casual</hi> branch : it will arise out of such <lb/> casual forbearances only as take place at present <lb/> in the case of dividends in Stock.</p> <lb/> <p>The probable rate of it might be estimated from the <lb/> course of the payments on this score made at present at the Bank<lb/> The <note>quantity of</note> Government Annuities, Stock and Note Annuities<lb/> taken together, will, it is true, be growing<lb/> | |||
<del>scarcer and scarcer</del> <add>less and less</add> every day: while the <add>quantity of</add> money<lb/>capable of being <sic>employ'd</sic> in the purchase of<lb/> them will be growing greater and greater: <note>so that the security will be growing at both ends</note> But<lb/>inasmuch as, <del>while,</del> the issue <del>continues</del> <add>being</add> open all<lb/>the while, every body will be at liberty to supply<lb/>himself with whatever quantity of this paper he<lb/>chooses, whether for the purpose of hoarding, or<lb/>with a view to circulation, the diminution<lb/>will fall exclusively upon the Stock Annuities<lb/><del>nor will may</del> the quantity in circulation will not<lb/> be absorbed in any <del>part</del> <add>degree</add> by the demand for the<lb/>purpose of hoarding, and the only effect of the<lb/> increasing <add>scarcity, even when the issue is at the</add> <del>scar diminution in the quantity of Government</del><lb/><del>Annuities under an increase in the demand</del><lb/><add>point of closing, will be to make the demand and <del>the</del></add><del> will be to make the issue of that part which can be</del><lb/> <del>had in any quantity (viz: the Note Annuities,) </del> <lb/><del>the more rapid</del>consequent emission the more rapid, to the last.<lb/></p> | |||
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2. Profit by interest undemanded will be continue
and with increase. For The profit above mentioned as produced by
the Notes in circulating
hands will increase as this quantity of paper out with a view to circulation:
with increase: this branch of profit may be termed the standing
or regular branch. To this will now be added the profit produced
by the Notes in <hi rend='underline'>hoarding hands: viz: the expected
Stockholders, who take this paper with a view to permanent income
as they held their Stock. This branch may be termed
the casual branch : it will arise out of such
casual forbearances only as take place at present
in the case of dividends in Stock.
The probable rate of it might be estimated from the
course of the payments on this score made at present at the Bank
The quantity of Government Annuities, Stock and Note Annuities
taken together, will, it is true, be growing
scarcer and scarcer less and less every day: while the quantity of money
capable of being employ'd in the purchase of
them will be growing greater and greater: so that the security will be growing at both ends But
inasmuch as, while, the issue continues being open all
the while, every body will be at liberty to supply
himself with whatever quantity of this paper he
chooses, whether for the purpose of hoarding, or
with a view to circulation, the diminution
will fall exclusively upon the Stock Annuities
nor will may the quantity in circulation will not
be absorbed in any part degree by the demand for the
purpose of hoarding, and the only effect of the
increasing scarcity, even when the issue is at the scar diminution in the quantity of Government
Annuities under an increase in the demand
point of closing, will be to make the demand and the will be to make the issue of that part which can be
had in any quantity (viz: the Note Annuities,)
the more rapidconsequent emission the more rapid, to the last.
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Identifier: | JB/002/185/001"JB/" can not be assigned to a declared number type with value 2. |
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1800-10-07 |
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002 |
Annuity Notes |
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185 |
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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. |
F87 |
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Jeremy Bentham |
1798 A<…> |
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Frances Wright |
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1798 |
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924 |
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