JB/042/116/001

Click Here To Edit

1824 August Sept. 3
Constitutional Code.

Ch. XI. Ministers severally.
§. 13. Finance Minister
Function
refuctive or
Monetal.

Art. 10. If by means of
custodient functionaries
bondsmen, all risk of loss
or delay of payment be guarded
against, — there seems no
reason why no lending out
the money should not be
permitted.

Instructional and Ratiocinative.

If, consideration had of the nature of the service or the
nature of the arrangements made in relation to it, it be altog
at the same time clear, that by the property of the the eventually chargeable bondsman
of the custodient functionary all risk of loss is secured
against, and that it will not be in thehis power of the to retard by
any contrivance of his the emission of the money — all the being
supposed there seems no reason why the case of it without
is to stop the lending it out should not be permitted: especially
as even that case the greater the profit to him by such
use, the more advantageous to the public will eventually be
ten times in which a person will charge himself with
the duties of the office.

Art. 11. For every sum
of vicariously valuable money
which the Legislature will
think fit to substitute for
intrinsically valuable, the
corresponding sum of
intrinsically valuable
shall be kept out of circulation.

Instructional.

In relation to the quantity of money of all sorts, the
Legislation will on each occasion consider with itself, where
it is set down that such that same quantity should, from its own operation receive
encrease or not. If not it will so order matters that for
every sum put into circulation in the shape of vicariously valuable proper money
in equal sum that would otherwise have been put into
in circulation in the shape of intrinsically valuable
money shall be kept out of circulation.

Art. 12. Advantages of
such substitution.
1. Saving of expence
of conveyance.
2. Security against
spurious fabrication.

Instructional and Ratiocinative.

In this case and by the substitution his distinguishable advantage
may be obtained.

1. One is the saving upon the the expence of conveyance.

2. The other is the superior security against spurious fabrication.

But for the purpose it is material if not necessary, that the
masses in which it is value assigned to the several prices
separately taken should be greater than that of the any price of
intrinsically valuable money, and the greater the value, the greater
the advantage in this shape: for the greater the value, the fewer the
hands it will have to pass through and the easier it will be to trace
it from hand to hand.

Identifier: | JB/042/116/001"JB/" can not be assigned to a declared number type with value 42.
Date_1	1824-09-03	Marginal Summary Numbering	not numbered
Box	042	Main Headings	constitutional code
Folio number	116	Info in main headings field	constitutional code
Image	001	Titles	instructional and ratiocinative
Category	text sheet	Number of Pages	1
Recto/Verso	recto	Page Numbering	d3 / e3
Penner	jeremy bentham	Watermarks	j whatman turkey mill 1824
Marginals		Paper Producer	admiral pavel chichagov
Corrections		Paper Produced in Year	1824
Notes public		ID Number	13039
Box Contents