JB/003/408/001

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1 Aug. 1801

The very admission made by the learned

Baronet in this very passage – the admission that
"Country Bankers allow interest on deposits at their
"Banks" – would have been sufficient to overturn suppress
the proposition it follows, had he but seen the force
of it.⊞ ⊞ If a man lends
his money on a
security (such as
that of a receipt)
unsusceptible of
circulation, will
be less ready to
lend it (other
circumstances
equal) on a
security possessing
that advantage? What the admission predicates, it predicates
of Country Bankers in general: in this sense at
least it is as capable of being understood as in
a more confined one. But, if people accept
of the proposed rate of interest (to say nothing not to speak of
inferior rates) meets with general acceptance, when proposed by an individual, with no other security
than that of the individual – on the security
of a receipt or note which binds nobody but that
one individual for payment of the sum so deposited –
if this interest, engaged for on a security thus slender, meets with acceptance
all over the country – meets with acceptance
everywhere – is it less likely to meet
with acceptance, when the persons bound for acceptance,
are as many of the Officers of Government
as the holder or any of his acquaintances have occasion to pay money to on the score
of taxes? – Does not this circumstance give the
paper some chance at least of circulation, even
among intermediate hands? that is And who are these intermediate hands? – all hands
into which property money to the amount of the Note
in question finds its way? could have found its way.

Identifier: | JB/003/408/001"JB/" can not be assigned to a declared number type with value 3.
Date_1	1801-08-01	Marginal Summary Numbering
Box	003	Main Headings	annuity notes
Folio number	408	Info in main headings field
Image	001	Titles
Category	text sheet	Number of Pages	1
Recto/Verso	recto	Page Numbering	f45
Penner	jeremy bentham	Watermarks
Marginals		Paper Producer
Corrections		Paper Produced in Year
Notes public		ID Number	1818
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