JB/003/409/001

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27 July 1801
Annuity Notes

Observations continued –

"Exchequer Bills, which the Author
"admitts (p.17) would rival his Notes of
"£50 and upwards have never yet performed
"the functions of money: and I
"and I believe Sir Francis Baring, in
"his answer to Boyd (but I have not his
"pamphlet at hand) gives several very substantial
"reasons why they can not do so."

Counter-Observations –

"The author admitts?" – no, indeed – I admitt
no such thing. – One would think there
was a premium were a prize given for incorrectness, and that our
Baronet was wishing wishing for it. The notes I
speak of – and speak of – not as merely as being "rivalled" in the
market (the expression word is his own) but altogether
thrown out of it – are "Notes above the
£50:851..4s Notes":+ + p.17, Art. 13, Note 11. because the next above the
£50:851..4s Notes are £100:16102..8s notes: and these Exchequer Bills,
which at present yield upwards of 5 per cent, being within the purchase of those whose stock
of money in hand would enable them to
receive these Notes, I unders durst not at this time, promise
myself for these scarcely now 3 per Cent Notes, any purchases
upon terms of such comparative disadvantage.
The difference⊞ ⊞ between what he supposes me to admitt and what I do admitt is prodigious: – look
at Dr Table+ + p.155, 2 Edit () you will see it goes
to million's worths – of – if it be too much too
say of probable custom – at any rate possible
custom – for these notes.

Identifier: | JB/003/409/001"JB/" can not be assigned to a declared number type with value 3.
Date_1	1801-07-27	Marginal Summary Numbering
Box	003	Main Headings	annuity notes
Folio number	409	Info in main headings field	annuity notes
Image	001	Titles	observations continued / counter-observations
Category	text sheet	Number of Pages	1
Recto/Verso	recto	Page Numbering	e1 / f46
Penner	jeremy bentham	Watermarks	cw 1799
Marginals		Paper Producer	c. abbit lees
Corrections		Paper Produced in Year	1799
Notes public		ID Number	1819
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