JB/003/412/001

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27 July 1801

speaks of afterwards?+ + Infia §. 14. p. 63 – Does Did he suppose me not
to be aware, that in of of money the pecuniary world the
velocity of a mass must be is inversely as its
magnitude? – Does he suppose my plan
to be grounded on the expectation that wholesale
sums should be employed in retail purchases?

He is not As to opinions – it is not (as he supposes) Sir Francis Baring not supposes in his
answer to Mr Boyd, but Mr Boyd himself,
in the pamphlet to which that of Sir Francis
is an answer, that combats the idea of Ex
about Exchequer Bills – that of their performing the functions
of money – combats it, upon the strength of such reasons as,
have passed upon our learned Baronet it
seems for "substantial" ones.

These reasons are drawn from a mechanical theory of his,
of copied taken from Adam Smith's, about "wheels" and "circulators"
and "objects of circulation". theory Money
(says he) is a sot of hollow a wheel which
Smith has described, and a sort of hollow wheel, which I call a Circulator:
– objects of circulation are all the things
that are bought with money, and or sold for
money – that is almost all other things. Buying To
or selling them buy them or to sell them, you put them into this wheel.
But a thing (say an Exchequer Bill) put into this a wheel (say an
Exchequer Bill) is one thing; the wheel itself,
another: a thing so different from a wheel
as

Identifier: | JB/003/412/001"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	412	Info in main headings field
Image	001	Titles
Category	text sheet	Number of Pages	1
Recto/Verso	recto	Page Numbering	e4 / f49
Penner	jeremy bentham	Watermarks	cw 1799
Marginals		Paper Producer	c. abbit lees
Corrections		Paper Produced in Year	1799
Notes public		ID Number	1822
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