★ Find a new page on our Untranscribed Manuscripts list.
No edit summary |
No edit summary |
||
| (3 intermediate revisions by 2 users not shown) | |||
| Line 3: | Line 3: | ||
<head>19 Remedies</head><!-- note and heading in pencil --> | |||
<p><!-- indented -->Government could not without the imputation of hardship | <p><!-- indented -->Government could not without the imputation of hardship | ||
<lb/> | <lb/> | ||
| Line 13: | Line 10: | ||
any of those species of currency which the Bank are | any of those species of currency which the Bank are | ||
<lb/> | <lb/> | ||
in possession of issuing : it could not <del>forbid</del> without | in possession of issuing: it could not <del>forbid</del> without exposing | ||
<lb/> | <lb/> | ||
itself to that imputation forbid the Bank from issuing | itself to that imputation forbid the Bank from issuing | ||
| Line 19: | Line 16: | ||
<del>the</del> Notes in the form in which it is accustomed to issue them | <del>the</del> Notes in the form in which it is accustomed to issue them | ||
<lb/> | <lb/> | ||
to the amount of £8 and upwards : but it might <del>with</del> | to the amount of £8 and upwards: but it might <del>with</del> | ||
<lb/> | <lb/> | ||
and that without any imputation whatever preclude the | and that without any imputation whatever preclude the | ||
| Line 25: | Line 22: | ||
Bank from issuing <del>any</del> notes of any sort which it never | Bank from issuing <del>any</del> notes of any sort which it never | ||
<lb/> | <lb/> | ||
has issued , notes for instance to a less amount than £5 : | has issued, notes for instance to a less amount than £5: | ||
<lb/> | <lb/> | ||
giving itself thereby as against the Bank <del>the</del> <add>a</add> monopoly | giving itself thereby as against the Bank <del>the</del> <add>a</add> monopoly | ||
| Line 31: | Line 28: | ||
<del>in a</del> <del>of</del> with respect to the issuing of notes to such inferior | <del>in a</del> <del>of</del> with respect to the issuing of notes to such inferior | ||
<lb/> | <lb/> | ||
amounts . | amounts. | ||
<lb/></p> | <lb/></p> | ||
<p><!-- indented -->Another advantage besides the <sic>encreased</sic> chance of circulation | <p><!-- indented -->Another advantage besides the <sic>encreased</sic> chance of circulation | ||
<lb/> | |||
attending the issuing of such small notes on the part | |||
<lb/> | |||
of Government would be the security which <del>such</del> the | |||
<lb/> | |||
smallness would afford against the danger of a <hi rend='underline'>run</hi>. | |||
<lb/> | |||
<del>The smaller the wider they would be dispersed, <del>the</del> and | |||
<lb/> | |||
the wider the dispersion the more numerous the holders</del> | |||
<lb/> | |||
Such small notes would be much more widely dispersed | |||
<lb/> | |||
than larger ones: they would get into remote parts of the | |||
<lb/> | |||
country into which the present large ones scarce ever penetrate. | |||
<lb/> | |||
The hands among whom they would be distributed | |||
<lb/> | |||
would be more numerous, and many of them more remote | |||
<lb/> | |||
from all intercourse with the metropolis. <add>on account of that remoteness</add> It would | |||
<lb/> | |||
be the more difficult for many of the holders to present than | |||
<lb/> | |||
notes for payment, and <del>on</del> account of the smallness of | |||
<lb/> | |||
the notes it would be the less worth a <add><unclear>each</unclear></add> man's while. At the <add>same</add> | |||
<lb/></p> | <lb/></p> | ||
<!-- DO NOT EDIT BELOW THIS LINE --> | <!-- DO NOT EDIT BELOW THIS LINE --> | ||
{{Metadata:{{PAGENAME}}}} | {{Metadata:{{PAGENAME}}}}{{Completed}} | ||
19 Remedies
Government could not without the imputation of hardship
give itself this as against the Bank the monopoly of th
any of those species of currency which the Bank are
in possession of issuing: it could not forbid without exposing
itself to that imputation forbid the Bank from issuing
the Notes in the form in which it is accustomed to issue them
to the amount of £8 and upwards: but it might with
and that without any imputation whatever preclude the
Bank from issuing any notes of any sort which it never
has issued, notes for instance to a less amount than £5:
giving itself thereby as against the Bank the a monopoly
in a of with respect to the issuing of notes to such inferior
amounts.
Another advantage besides the encreased chance of circulation
attending the issuing of such small notes on the part
of Government would be the security which such the
smallness would afford against the danger of a run.
The smaller the wider they would be dispersed, the and
the wider the dispersion the more numerous the holders
Such small notes would be much more widely dispersed
than larger ones: they would get into remote parts of the
country into which the present large ones scarce ever penetrate.
The hands among whom they would be distributed
would be more numerous, and many of them more remote
from all intercourse with the metropolis. on account of that remoteness It would
be the more difficult for many of the holders to present than
notes for payment, and on account of the smallness of
the notes it would be the less worth a each man's while. At the same
|
Identifier: | JB/002/370/001"JB/" can not be assigned to a declared number type with value 2. |
|||
|---|---|---|---|
|
002 |
annuity notes |
||
|
370 |
|||
|
001 |
|||
|
text sheet |
1 |
||
|
recto |
e19 |
||
|
jeremy bentham |
|||
|
1109 |
|||
