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<head>5 Remedies</head> | <head>5 Remedies</head> | ||
<p>otherwise have been <sic>employd</sic> upon private paper,<lb/> | <p>otherwise have been <sic>employd</sic> upon <add>in</add> private paper,<lb/> | ||
upon Exchequer | upon Exchequer Bills: but this <del>can</del> <add>will</add> hardly be found<lb/> | ||
to be the case. <del> | to be the case. <del>Discount upon private Bills is already<lb/> | ||
at 5 per cent and | at 5 per cent: and higher the law will not suffer<lb/> | ||
it to be</del> Unless the influx of money upon private<lb/> | it to be</del> Unless the influx of money upon private<lb/> | ||
Bills were to lower the discount upon such bills, no<lb/> | Bills were to lower the discount upon such bills, no<lb/> | ||
such influx could <add | such influx could <add>tend to</add> throw out any money out of that<lb/> | ||
market into any other. But it does not seem likely<lb/> | market into any other. But it does not seem likely<lb/> | ||
that any such influx should produce any such <add | that any such influx should produce any such fall <add>depression</add> <lb/> | ||
For whole stocks are so low as to pay almost 5 per<lb/> | |||
cent and | cent and Navy Bills 1/4 per cent more, the probability<lb/> | ||
is that a quantity and that a very considerable<lb/> | is that a quantity and that a very considerable<lb/> | ||
one of | one of undoubled Private Bills <del>go undercounted are</del><lb/> | ||
are unable to meet with | are unable to meet with Discounters: so many, that<lb/> | ||
all the money that can be | all the money that can be thrown out of the market <add>Navy Bill</add> <lb/> | ||
for | for Navy Bills will not be sufficient to fill up the <add>answer the </add><lb/> | ||
demand</add> | gap. <add>demand.</add></p> | ||
<p>On the other hand it must be allowed that<lb/> | <p>On the other hand it must be allowed that<lb/> | ||
Private Bills are not the money of every man<lb/> | |||
whose money | whose money Navy Bills and Exchequer Bills are.<lb/> | ||
For when a man has once parted with his money<lb/> | For when a man has once parted with his money<lb/> | ||
by discounting of a private Bill, say that has<lb/> | by discounting of a private Bill, say that has<lb/> | ||
6 weeks to run, he <del>can not</del> has no way of getting<lb/> | 6 weeks to run, he <del>can not</del> has no way of getting<lb/> | ||
it back during the 6 weeks: whereas when he has<lb/> | it back during the 6 weeks: whereas when he has<lb/> | ||
laid it out in the purchase of Navy Bills or<lb/> | |||
Exchequer Bills one day, he may get it back the<lb/> | Exchequer Bills one day, he may get it back the<lb/> | ||
next | next if any sudden occasion for calling on his money<lb/> | ||
should present itself. Upon the whole then the probability <add>seems</add> | should present itself. Upon the whole then the probability <add>seems</add> | ||
</p> | </p> | ||
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{{Metadata:{{PAGENAME}}}} | {{Metadata:{{PAGENAME}}}}{{Completed}} | ||
5 Remedies
otherwise have been employd upon in private paper,
upon Exchequer Bills: but this can will hardly be found
to be the case. Discount upon private Bills is already
at 5 per cent: and higher the law will not suffer
it to be Unless the influx of money upon private
Bills were to lower the discount upon such bills, no
such influx could tend to throw out any money out of that
market into any other. But it does not seem likely
that any such influx should produce any such fall depression
For whole stocks are so low as to pay almost 5 per
cent and Navy Bills 1/4 per cent more, the probability
is that a quantity and that a very considerable
one of undoubled Private Bills go undercounted are
are unable to meet with Discounters: so many, that
all the money that can be thrown out of the market Navy Bill
for Navy Bills will not be sufficient to fill up the answer the
gap. demand.
On the other hand it must be allowed that
Private Bills are not the money of every man
whose money Navy Bills and Exchequer Bills are.
For when a man has once parted with his money
by discounting of a private Bill, say that has
6 weeks to run, he can not has no way of getting
it back during the 6 weeks: whereas when he has
laid it out in the purchase of Navy Bills or
Exchequer Bills one day, he may get it back the
next if any sudden occasion for calling on his money
should present itself. Upon the whole then the probability seems
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Identifier: | JB/002/363/001"JB/" can not be assigned to a declared number type with value 2. |
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002 |
Annuity Notes |
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363 |
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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. |
E5 |
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Jeremy Bentham |
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1102 |
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