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<p><head>Ch. Effects<lb/> | |||
Period III</head></p> | |||
<p>1<lb/> | |||
From the commencement<lb/> | |||
of this period<lb/> | |||
the paper of the first<lb/> | |||
emission will bear a<lb/> | |||
premium. p. 1</p> | |||
<p>2<lb/> | |||
The higher, the<lb/> | |||
higher the class on<lb/> | |||
the list of subscribing<lb/> | |||
classes. p. 1</p> | |||
<p>3<lb/> | |||
The lower, as Period<lb/> | |||
IV approaches</p> | |||
<p>4<lb/> | |||
The <hi rend="underline">current</hi> mass<lb/> | |||
of Ann<hi rend="superscript">y</hi> Note paper<lb/> | |||
being henceforward<lb/> | |||
continually <gap/> and aggregated<lb/> | |||
to the <hi rend="underline">Stagnant</hi><lb/> | |||
mass, Bank and<lb/> | |||
Banker's paper <del>will<lb/> | |||
in propert</del> if before<lb/> | |||
checked, will in proportion<lb/> | |||
be <gap/>. p.2. – <hi rend="underline">would</hi><lb/> | |||
be, were it not for the<lb/> | |||
2<hi rend="superscript">d</hi> emission. See 7.</p> | |||
<p>5<lb/> | |||
The extra-influx<lb/> | |||
of wealth and enhancement<lb/> | |||
of prices will <add>would</add> now cease so <add>were<lb/> | |||
it not for the 2<hi rend="superscript">d</hi> issue</add> far as depended<lb/> | |||
upon the influx of<lb/> | |||
currency produced<lb/> | |||
by the emission of<lb/> | |||
Note Annuity Paper. p. 2</p> | |||
<pb/> | |||
<p><head>Ch. Effects<lb/> | |||
Period III</head></p> | |||
<p>6<lb/> | |||
Four classes of customers<lb/> | |||
for paper of the<lb/> | |||
2<hi rend="superscript">d</hi> <add>or reduced</add> issue.<lb/> | |||
1. Flying Annuities<lb/> | |||
a 2<hi rend="superscript">d</hi> <gap/><lb/> | |||
2. Annuities paid<lb/> | |||
off from the first issue.<lb/> | |||
3. Spontaneous Emigrants<lb/> | |||
from the first<lb/> | |||
to the 2<hi rend="superscript">d</hi>, for the sake<lb/> | |||
of respite from a 3<hi rend="superscript">3</hi>.<lb/> | |||
This will depend on the<lb/> | |||
opinion of the <unclear>probable</unclear> duration of the 2<hi rend="superscript">d</hi><lb/> | |||
4. Maiden Annuitants<lb/> | |||
Customers coming in<lb/> | |||
for Annuity Notes<lb/> | |||
to yield permanent income<lb/> | |||
now for the<lb/> | |||
first time.</p> | |||
<p>7<lb/> | |||
The paper of the<lb/> | |||
2<hi rend="superscript">d</hi> issue will be<lb/> | |||
seized with avidity<lb/> | |||
by the Flying Annuitants<lb/> | |||
discharged<lb/> | |||
out of the first issue. p. 4.</p> | |||
<p>8<lb/> | |||
It will be gradually<lb/> | |||
taken out of their<lb/> | |||
hands <add>& impounded</add> by the Hoarding<lb/> | |||
Annuitants of<lb/> | |||
the 2<hi rend="superscript">d</hi> issue. p. 4</p> | |||
<p>9<lb/> | |||
Each <add>succeeding</add> purchaser is<lb/> | |||
an enemy of every<lb/> | |||
preceding one, of the<lb/> | |||
preceding issue. p. 5</p> | |||
<p>10<lb/> | |||
– or of the same<lb/> | |||
issue. p. 5.</p> | |||
<p>11<lb/> | |||
The opposition of interests<lb/> | |||
is irreconcilable. p. 5.</p> | |||
<p>12<lb/> | |||
Thence the plan is<lb/> | |||
incapable of being<lb/> | |||
defeated by <del>whatsoever</del> <add>combination.</add><lb/> | |||
p. 5.</p> | |||
<pb/> | |||
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{{Metadata:{{PAGENAME}}}}{{ | {{Metadata:{{PAGENAME}}}}{{In_Progress}} | ||
Ch. Effects
Period III
1
From the commencement
of this period
the paper of the first
emission will bear a
premium. p. 1
2
The higher, the
higher the class on
the list of subscribing
classes. p. 1
3
The lower, as Period
IV approaches
4
The current mass
of Anny Note paper
being henceforward
continually and aggregated
to the Stagnant
mass, Bank and
Banker's paper will
in propert if before
checked, will in proportion
be . p.2. – would
be, were it not for the
2d emission. See 7.
5
The extra-influx
of wealth and enhancement
of prices will would now cease so were
it not for the 2d issue far as depended
upon the influx of
currency produced
by the emission of
Note Annuity Paper. p. 2
---page break---
Ch. Effects
Period III
6
Four classes of customers
for paper of the
2d or reduced issue.
1. Flying Annuities
a 2d
2. Annuities paid
off from the first issue.
3. Spontaneous Emigrants
from the first
to the 2d, for the sake
of respite from a 33.
This will depend on the
opinion of the probable duration of the 2d
4. Maiden Annuitants
Customers coming in
for Annuity Notes
to yield permanent income
now for the
first time.
7
The paper of the
2d issue will be
seized with avidity
by the Flying Annuitants
discharged
out of the first issue. p. 4.
8
It will be gradually
taken out of their
hands & impounded by the Hoarding
Annuitants of
the 2d issue. p. 4
9
Each succeeding purchaser is
an enemy of every
preceding one, of the
preceding issue. p. 5
10
– or of the same
issue. p. 5.
11
The opposition of interests
is irreconcilable. p. 5.
12
Thence the plan is
incapable of being
defeated by whatsoever combination.
p. 5.
---page break---
|
Identifier: | JB/003/021/002"JB/" can not be assigned to a declared number type with value 3. |
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|---|---|---|---|
|
1800-07-08 |
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|
003 |
annuity notes |
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|
021 |
annuity notes |
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|
002 |
ch. effects |
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|
rudiments sheet (brouillon) |
2 |
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|
recto |
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|
jeremy bentham |
1798 am |
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|
1798 |
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|
1431 |
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