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<p><!-- pencil -->31 July 1801</p>
''This Page Has Not Been Transcribed Yet''
<p>spend the money, took a fancy to part with<lb/>
 
his note, then would the same piece of paper,<lb/>
 
which at one time was <hi rend="underline">hoarded</hi>, be at another<lb/>
 
time <hi rend="underline">circulated</hi>;  in which case the money employed<lb/>
in the <add>original</add> purchase of it would <hi rend="underline">not</hi> be sunk.</p>
<p>Thus would the matter stand, if the <add>mass of</add> Notes<lb/>
taken out – whether with a view to hoarding<lb/>
or to circulation, or to both – by one set of<lb/>
individuals – <del><gap/> had no other dependance or</del><lb/>
depended for its actually <add>getting into</add> circulation <del>in the<lb/>
cas</del> so much <add>of it</add> as within a given period came to<lb/>
be <del>tendered</del> <add>brought to market</add> for that purpose – upon the <hi rend="underline">contingency</hi><lb/>
of its meeting with <hi rend="underline">another</hi> set of <hi rend="underline">individuals</hi>,<lb/>
ready to accept of it with the same <unclear>views</unclear>.<lb/>
On this supposition, true it is, there would have<lb/>
been <del>matter of</del> <add>room for</add> contingency to operate.  But<lb/>
by Art. 14 (if that article be allowed to stand as<lb/>
part of the plan) all contingency is at an end.<lb/>
The Exchequer with its <del>subordinate <add>local</add></del> branches<lb/>
the subordinate local offices of receipt, spread<lb/>
over the whole kingdom – afford a market <del>constantly<lb/>
open</del> at everybody's door – constantly<lb/>
open – and <hi rend="underline">brand</hi> to reach this commodity – in<lb/>
whatever quantity it can be offered to them – and<lb/>
at market price.  Where <hi rend="underline">now</hi> is the money, which,<lb/>
to the imagination of the learned Baronet, presented itself<lb/>
<add>as</add></p>
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31 July 1801

spend the money, took a fancy to part with
his note, then would the same piece of paper,
which at one time was hoarded, be at another
time circulated; in which case the money employed
in the original purchase of it would not be sunk.

Thus would the matter stand, if the mass of Notes
taken out – whether with a view to hoarding
or to circulation, or to both – by one set of
individuals – had no other dependance or
depended for its actually getting into circulation in the
cas
so much of it as within a given period came to
be tendered brought to market for that purpose – upon the contingency
of its meeting with another set of individuals,
ready to accept of it with the same views.
On this supposition, true it is, there would have
been matter of room for contingency to operate. But
by Art. 14 (if that article be allowed to stand as
part of the plan) all contingency is at an end.
The Exchequer with its subordinate local branches
the subordinate local offices of receipt, spread
over the whole kingdom – afford a market constantly
open
at everybody's door – constantly
open – and brand to reach this commodity – in
whatever quantity it can be offered to them – and
at market price. Where now is the money, which,
to the imagination of the learned Baronet, presented itself
as


Identifier: | JB/003/378/001"JB/" can not be assigned to a declared number type with value 3.

Date_1

1801-07-31

Marginal Summary Numbering

Box

003

Main Headings

annuity notes

Folio number

378

Info in main headings field

Image

001

Titles

Category

text sheet

Number of Pages

1

Recto/Verso

recto

Page Numbering

e4 / f15

Penner

jeremy bentham

Watermarks

cw 1799

Marginals

Paper Producer

c. abbit lees

Corrections

Paper Produced in Year

1799

Notes public

ID Number

1788

Box Contents

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