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<head>5<lb/> Exchequer Notes </head> | |||
<p>If this advantage in the whole or any part of it could<lb/> be gained, would there be any harm in gaining it? — Let us<lb/> open in the first place, the great book of the Constitution —</p> | |||
<p><del>The establishment of this monopoly <add>on the part of Government</add> is not merely<lb/> justifiable on the part of Government. It is imposed<lb/> on Government as a duty: <add>and that</add> not only by considerations <lb/>of expediency but by the principles of the Constitution.</del></p> | |||
<p>Constitutional laws, to be the same in point of principle<lb/> The Constitution to be the same at all<lb/> times should vary as the times vary and adapt <add>themselves</add> itself<lb/> to the times.</p> | |||
<p>One of the most unquestioned and most <add>unobjectionable</add> innocent<lb/> <add>unimpeachable</add> prerogatives of the Crown, <del>one of </del><add>in this as in all other instances</add> acting under the<lb/> <sic>controul</sic> of Parliament, is the monopoly of the coinage.<lb/> When there was no currency but metal, the<lb/> Crown had the sole issuing of that currency. To metal <lb/>currency is now added paper currency: the Crown<lb/> therefore to preserve the prerogative <hi rend='underline'>in <foreign>statu quo</foreign></hi> ought<lb/> to have the sole issuing of that currency: at least <add>any rate so</add> unless<lb/> <add>long as</add> the extension of the monopoly to this modern branch is not<lb/> attended with greater inconveniences than what accompany its application<lb/> to the old one.</p> | |||
<p>This extension</p> | |||
<p>The preservation rests upon the more general ground<lb/> of the adherence to principles established and approved <add>sanctioned by general acquiescence </add><lb/> of keeping matters <del>the</del> in respect of government as<lb/> they are, <add>in a word</add> of keeping up the <foreign>vis inertiae</foreign> of government.<lb/> <add>If the</add> The prerogative had utility for its support<lb/> in its original shape, it has equal utility <add>is recommended by </add> in this<lb/> proposed supplemental one. The use of the prerogative<lb/> in respect of metal money, <del>to <gap/> suppress</del> <add>by suppressing</add> counterfeits,<lb/> to guard the people against loss. <del>[by the suppression<lb/> of counterfeiting]</del> In the instance <add>respect</add> of paper<lb/> <add>currency</add></p> | |||
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5
Exchequer Notes
If this advantage in the whole or any part of it could
be gained, would there be any harm in gaining it? — Let us
open in the first place, the great book of the Constitution —
The establishment of this monopoly on the part of Government is not merely
justifiable on the part of Government. It is imposed
on Government as a duty: and that not only by considerations
of expediency but by the principles of the Constitution.
Constitutional laws, to be the same in point of principle
The Constitution to be the same at all
times should vary as the times vary and adapt themselves itself
to the times.
One of the most unquestioned and most unobjectionable innocent
unimpeachable prerogatives of the Crown, one of in this as in all other instances acting under the
controul of Parliament, is the monopoly of the coinage.
When there was no currency but metal, the
Crown had the sole issuing of that currency. To metal
currency is now added paper currency: the Crown
therefore to preserve the prerogative in statu quo ought
to have the sole issuing of that currency: at least any rate so unless
long as the extension of the monopoly to this modern branch is not
attended with greater inconveniences than what accompany its application
to the old one.
This extension
The preservation rests upon the more general ground
of the adherence to principles established and approved sanctioned by general acquiescence
of keeping matters the in respect of government as
they are, in a word of keeping up the vis inertiae of government.
If the The prerogative had utility for its support
in its original shape, it has equal utility is recommended by in this
proposed supplemental one. The use of the prerogative
in respect of metal money, to suppress by suppressing counterfeits,
to guard the people against loss. [by the suppression
of counterfeiting] In the instance respect of paper
currency
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Identifier: | JB/002/354/001"JB/" can not be assigned to a declared number type with value 2. |
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4-5 |
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002 |
annuity notes |
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354 |
exchequer notes |
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001 |
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text sheet |
1 |
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recto |
d5 / e3 |
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jeremy bentham |
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1093 |
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