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<note>Note?</note> | |||
<head>Exchequer Notes</head> | <head>Exchequer Notes</head> | ||
<note>Desirable &c</note> | |||
<!-- I assume the pencil markings mean deletion to the place I've marked, but they may mean the whole paragraph --> | <!-- I assume the pencil markings mean deletion to the place I've marked, but they may mean the whole paragraph --> | ||
<p>At the time this | <p>At the time this branch of the prerogative<lb/> | ||
took its rise currency had but one form, <add>and one species of <unclear>subject</unclear></add>, that of<lb/> | |||
<del>metal</del> the <sic>pretious</sic> metals. For a long time it has<lb/> | |||
had another <add>a partial substitute</add>, to wit paper, and that to a value<lb/> | |||
<del>at </del>or at any rate to an amount little <del>inf</del> if<lb/> | |||
at all inferior to that of the <del>first</del> article of intrinsic<lb/> | |||
use.<!-- deletion may end here --> Hence it is that this branch of the prerogative<lb/> | |||
though nominally the same now as heretofore has<lb/> | |||
in reality been stripped of half its power: originally<lb/> | |||
it embraced the whole of the currency: and now<lb/> | |||
it includes scarce half!</p> | |||
<note>As it originally<lb/> | |||
embraced the whole<lb/> | |||
of the currency,<lb/> | |||
so it ought now</note> | |||
<p>If there be any where <add>If in the whole scheme</add> | |||
<add>system</add> <add>of government there be</add> an instance where<lb/> | |||
the <unclear>idea started</unclear> by <sic>Machiaveli</sic>, [and in the mind<lb/> | |||
of <sic>Machiavel</sic> who broached it, as well as of so<lb/> | |||
many others who have repeated it, <add>if seemingly but a</add> <gap/> <del>enough of</del><lb/> | |||
<del><gap/></del> one] is susceptible of a determinate signification<lb/> | |||
and an useful application, <del>the present</del> <add><del>will</del></add> I<lb/> | |||
<del>believe be found among the number.</del> the idea of<lb/> | |||
the expediency of bringing back institutions to the<lb/> | |||
standard of first principles. the present will I believe<lb/> | |||
be found among the number. Compare the advantage<lb/> | |||
resulting to the community from the monopoly<lb/> | |||
in the respective instances of the two species<lb/> | |||
of currencies we shall find it in every point of<lb/> | |||
view greatly superior in the instance of the paper<lb/> | |||
currency <hi rend="superscript">of factitious value</hi> to what it is in the instance of the currency<lb/> | |||
of natural value the metal currency.</p> | |||
<note>[+] See preceding page</note> | |||
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{{Metadata:{{PAGENAME}}}} | {{Metadata:{{PAGENAME}}}}{{Completed}} | ||
Note?
Exchequer Notes Desirable &c
At the time this branch of the prerogative
took its rise currency had but one form, and one species of subject, that of
metal the pretious metals. For a long time it has
had another a partial substitute, to wit paper, and that to a value
at or at any rate to an amount little inf if
at all inferior to that of the first article of intrinsic
use. Hence it is that this branch of the prerogative
though nominally the same now as heretofore has
in reality been stripped of half its power: originally
it embraced the whole of the currency: and now
it includes scarce half!
As it originally
embraced the whole
of the currency,
so it ought now
If there be any where If in the whole scheme
system of government there be an instance where
the idea started by Machiaveli, [and in the mind
of Machiavel who broached it, as well as of so
many others who have repeated it, if seemingly but a enough of
one] is susceptible of a determinate signification
and an useful application, the present will I
believe be found among the number. the idea of
the expediency of bringing back institutions to the
standard of first principles. the present will I believe
be found among the number. Compare the advantage
resulting to the community from the monopoly
in the respective instances of the two species
of currencies we shall find it in every point of
view greatly superior in the instance of the paper
currency of factitious value to what it is in the instance of the currency
of natural value the metal currency.
[+] See preceding page
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Identifier: | JB/002/358/001"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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358 |
exchequer notes |
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001 |
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text sheet |
1 |
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recto |
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jeremy bentham |
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1097 |
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