JB/002/223/001

File:JB 002 223 001.jpg

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125

Whatever takes Stock out of the market without
taking out or keeping back the equivalent in money, adds in proportion to the price
of Stocks . The proposed measure takes Stock out of
the market without either taking out or keeping back
any money : it therefore adds in proportion to the price of
Stocks. 2 The proposed measure raises the price of Stocks, by the what amount of the Stock Annuities it takes out of the market — without any deduction for the New Annuities it creates.

True it is , that even previously to the absorption of Stock Annuities,
which it takes out of the market, it creates has created other
Annuities to a considerable part of the amount;
[and for it is only with the money received for these New
Annuities, that it takes out the Old. the Old are taken out.] But of the money
thus raised for the New Annuities , is not
there is not any part any part of it taken from the any money that so could
have gone to market for Old Annuities : because,
while Stocks are under par, no money that can
be employ'd with advantage in the purchase of Stock ,
can be employd without otherwise than to a manifest disadvantage, in the purchase of the inferior
rate of interest afforded by the proposed Note Annuities. Any

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Identifier: | JB/002/223/001"JB/" can not be assigned to a declared number type with value 2.
Date_1	1800-09-26	Marginal Summary Numbering	2
Box	002	Main Headings	Annuity Notes
Folio number	223	Info in main headings field
Image	001	Titles
Category	Text sheet	Number of Pages	1
Recto/Verso	Recto"Recto" is not in the list (recto, verso) of allowed values for the "Rectoverso" property.	Page Numbering	F125
Penner	Jeremy Bentham	Watermarks	1798 A<…>
Marginals	Jeremy Bentham	Paper Producer	Frances Wright
Corrections		Paper Produced in Year	1798
Notes public		ID Number	962
Box Contents