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<head>Art. 5. </head> | |||
<p> <note>13</note> <note> Notes</note> <note>13</note> </p> | |||
<p> <note>Annuity Notes<lb/> Plan<lb/> 1. Constitution</note> </p> | |||
<p>Art. 5. <hi rend="superscript">+</hi> p.4 [ ] [<hi rend="underline">Bear at a less price</hi><del>]</del> this ... a <hi rend="underline">fundamental<lb/> article</hi>]</p> | |||
<p> The use of this article is to <del> <unclear>succor | |||
</unclear></del> afford to the <lb/>proposed paper a <del>perpetual and unsatisfactory</del> <lb/> security against depredation. That this security<lb/> is as efficient as it is simple, and that it<lb/> may to every practical purpose be regarded as a<lb/> perpetual and unsatisfactory one, will be <sic>shewn</sic><lb/> in another plan. <hi rend="superscript">+</hi></p> | |||
<note> + See Ch. [Grounds &c]</note> | |||
<p> Steadiness of price is a property <del> <gap/></del> which <lb/> <del>if noth</del> though certainly not essential to a paper<lb/> currency is <add> (witness so many that exist without it) is </add> <del> highly <gap/> that <gap/> <gap/> <lb/> point of <gap/> <gap/> </del> <add> in the influence of every such paper, highly advantageous </add> in every point of view</p> | |||
<p> Being the more valuable to the possessor <del>ch</del> <lb/> a paper <del> possessed of eiher quality may be disposed</del> <add> <del> more <gap/></del>: of which the value is exempt from fluctuations</add> <lb/> <del>of</del> <add> is capable of being disposed of </add> to more advantage by <del> Government</del> the vendor:<lb/> Being worth the more to individuals, it <del>will</del> may be made<lb/> <add> worth the more to government.</add><lb/> Being adapted to circumstances and inclinations <lb/> of the greater number of customers, the sale of it<lb/> may be the more extensive. <del>For</del> A paper exposed<lb/> to the vicissitudes of the market can have <lb/> <del><gap/></del> <Add> such persons alone</add> <del>only</del> for its customers, whose inclinations <lb/> dispose them <del> and whose</del> <add> at the same time that their</add> circumstances enable<lb/> them to become <hi rend="underline">gamesters</hi> to the amount of the<lb/> difference between the highest and <add> the</add> lowest price.</p> | |||
<p> This may be stated as one of the properties <lb/> (though certainly not <add> as </add> the only one nor so much as<lb/> the principal one — but at any rate <add> as among the number</add> <del> the</del> of the <lb/> properties) which <sic>concurr</sic> in <del><gap/></del> <Add> the</add> recommendation<lb/> of Bank and Bankers papers: and which <add> have served to</add> introduce<lb/>those more barren papers into so many hands, <lb/> by which Exchequer Bills, India Bonds and<lb/> other interest-yielding papers would be refused.</p> | |||
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{{Metadata:{{PAGENAME}}}} | {{Metadata:{{PAGENAME}}}}{{Completed}} | ||
Art. 5.
13 Notes 13
Annuity Notes
Plan
1. Constitution
Art. 5. + p.4 [ ] [Bear at a less price] this ... a fundamental
article]
The use of this article is to succor
afford to the
proposed paper a perpetual and unsatisfactory
security against depredation. That this security
is as efficient as it is simple, and that it
may to every practical purpose be regarded as a
perpetual and unsatisfactory one, will be shewn
in another plan. +
+ See Ch. [Grounds &c]
Steadiness of price is a property which
if noth though certainly not essential to a paper
currency is (witness so many that exist without it) is highly that
point of in the influence of every such paper, highly advantageous in every point of view
Being the more valuable to the possessor ch
a paper possessed of eiher quality may be disposed more : of which the value is exempt from fluctuations
of is capable of being disposed of to more advantage by Government the vendor:
Being worth the more to individuals, it will may be made
worth the more to government.
Being adapted to circumstances and inclinations
of the greater number of customers, the sale of it
may be the more extensive. For A paper exposed
to the vicissitudes of the market can have
such persons alone only for its customers, whose inclinations
dispose them and whose at the same time that their circumstances enable
them to become gamesters to the amount of the
difference between the highest and the lowest price.
This may be stated as one of the properties
(though certainly not as the only one nor so much as
the principal one — but at any rate as among the number the of the
properties) which concurr in the recommendation
of Bank and Bankers papers: and which have served to introduce
those more barren papers into so many hands,
by which Exchequer Bills, India Bonds and
other interest-yielding papers would be refused.
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Identifier: | JB/002/401/001"JB/" can not be assigned to a declared number type with value 2. |
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002 |
annuity notes |
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401 |
art. 5 |
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001 |
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text sheet |
1 |
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recto |
a13 / f13 |
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jeremy bentham |
tw 1794 |
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francis hall |
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1794 |
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1140 |
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