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<p><head>Annuity Notes Period I<lb/> | |||
Effects Contents 1. 22 Mar. 1800</head></p> | |||
<p><head>Effects Miscell<hi rend="superscript">s.</hi></head><lb/> | |||
Title of the Chapter<lb/> | |||
containing the subject<lb/> | |||
matters of the<lb/> | |||
Effects.</p> | |||
<pb/> | |||
<p><head>Effects Period I</head></p> | |||
<p>1<lb/> | |||
Three periods to be<lb/> | |||
distinguished.<lb/> | |||
I. From the opening<lb/> | |||
to Stocks at par.<lb/> | |||
II. From Stocks at par<lb/> | |||
to conversation of the<lb/> | |||
last Stock into Notes.<lb/> | |||
III. From D<hi rend="superscript">o</hi> to conversion<lb/> | |||
of last Paper of<lb/> | |||
1st issue into d<hi rend="superscript">o</hi><lb/> | |||
of 2d issue. p. 1.</p> | |||
<p><head>Period I.<lb/> | |||
1. Rate of Progress</head></p> | |||
<p>2<lb/> | |||
<gap/> rate of<lb/> | |||
progress <hi rend="underline">possible</hi><lb/> | |||
would bring Stocks<lb/> | |||
up to par within<lb/> | |||
a year. p. 1. | |||
</p> | |||
<p>3<lb/> | |||
The <hi rend="underline">probable</hi> rate<lb/> | |||
of progress is uncertain<lb/> | |||
in the extreme. p. 2.</p> | |||
<p>4<lb/> | |||
The duration of this<lb/> | |||
1st Period will be<lb/> | |||
<del><gap/> the</del> inversely<lb/> | |||
as the quickness<lb/> | |||
of the progress. p. 3.</p> | |||
<p>5<lb/> | |||
The period will<lb/> | |||
be the longer, the<lb/> | |||
more years or<lb/> | |||
months of war<lb/> | |||
it contains. p. 4.</p> | |||
<pb/> | |||
<p><head>Effects Period I.<lb/> | |||
II. Encrease of Money.</head></p> | |||
<p>The quantum of<lb/> | |||
currency in circulation<lb/> | |||
will be encreased<lb/> | |||
by the amount<lb/> | |||
of <add>the last period for</add> Annuity Notes <del>paid<lb/> | |||
for in cash</del> by<lb/> | |||
the Hoarders of<lb/> | |||
cash on a small<lb/> | |||
scale. p. 5.</p> | |||
<p>7<lb/> | |||
The addition <add>made</add> to<lb/> | |||
the currency <del>will</del> <add>by</add><lb/> | |||
Annuity Notes, will<lb/> | |||
be as the whole<lb/> | |||
amount of the issue<lb/> | |||
of Annuity Notes<lb/> | |||
minus the Bank<lb/> | |||
and Bankers paper<lb/> | |||
expelled by<lb/> | |||
it. p. 6.</p> | |||
<p>8<lb/> | |||
How Bank paper<lb/> | |||
will be expelled<lb/> | |||
if not received<lb/> | |||
by government<lb/> | |||
in purchase of Annuity<lb/> | |||
Notes. p. 7</p> | |||
<p>9<lb/> | |||
How <add>Whether</add>, if received?<lb/> | |||
p.</p> | |||
<p>10<lb/> | |||
The Silver Annuity<lb/> | |||
Notes will<lb/> | |||
not contribute to<lb/> | |||
the expulsion of<lb/> | |||
Bank Notes. p. 8.</p> | |||
<pb/> | |||
<p><head>Effects Period I.</head></p> | |||
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{{Metadata:{{PAGENAME}}}}{{ | {{Metadata:{{PAGENAME}}}}{{Completed}} | ||
Annuity Notes Period I
Effects Contents 1. 22 Mar. 1800
Effects Miscells.
Title of the Chapter
containing the subject
matters of the
Effects.
---page break---
Effects Period I
1
Three periods to be
distinguished.
I. From the opening
to Stocks at par.
II. From Stocks at par
to conversation of the
last Stock into Notes.
III. From Do to conversion
of last Paper of
1st issue into do
of 2d issue. p. 1.
Period I.
1. Rate of Progress
2
rate of
progress possible
would bring Stocks
up to par within
a year. p. 1.
3
The probable rate
of progress is uncertain
in the extreme. p. 2.
4
The duration of this
1st Period will be
the inversely
as the quickness
of the progress. p. 3.
5
The period will
be the longer, the
more years or
months of war
it contains. p. 4.
---page break---
Effects Period I.
II. Encrease of Money.
The quantum of
currency in circulation
will be encreased
by the amount
of the last period for Annuity Notes paid
for in cash by
the Hoarders of
cash on a small
scale. p. 5.
7
The addition made to
the currency will by
Annuity Notes, will
be as the whole
amount of the issue
of Annuity Notes
minus the Bank
and Bankers paper
expelled by
it. p. 6.
8
How Bank paper
will be expelled
if not received
by government
in purchase of Annuity
Notes. p. 7
9
How Whether, if received?
p.
10
The Silver Annuity
Notes will
not contribute to
the expulsion of
Bank Notes. p. 8.
---page break---
Effects Period I.
|
Identifier: | JB/003/011/002"JB/" can not be assigned to a declared number type with value 3. |
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1800-03-22 |
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|
003 |
annuity notes |
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|
011 |
annuity notes |
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|
002 |
effects miscell. / effects period i |
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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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|
1421 |
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