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<p>To this it may be answered that the instance<lb/> | |||
of the existing Stock Annuities is sufficient to prove<lb/> | |||
that a security which binds<add>being good <add>though</add> for interest</add> nobody to the payment<lb/> | |||
of any principal corresponding to that to that interest will<lb/> | |||
notwithstanding when brought to market yield a<lb/> | |||
principal notwithstanding and a principal correspond<del>ent</del><lb/> | |||
<add>-ding to</add> <del>to its</del><add>the</add> value of the annuity so secured:- that<lb/> | |||
this point being <add>thus</add> established, the only point remaining <lb/> | |||
in question is whether the value then put upon<lb/> | |||
the proposed species of annuity is greater<add>or is not</add> than the<lb/> | |||
value really belonging to it - that is - that the<lb/> | |||
value which a person whose money is so circumstanced<lb/> | |||
as to be adapted to the purchase of it will<lb/> | |||
find it his interest to give - that the value thus<lb/> | |||
put upon is not greater than the value really<lb/> | |||
belonging to it - the number of persons who for a<lb/> | |||
greater or less portion<add>share</add> of time have a greater or less<lb/> | |||
mass of money so circumstanced as to be adapted to<lb/> | |||
the purchase of it is equal to the whole number of <lb/> | |||
the persons <add>individuals in the community without any conception worth regarding</add> who have any<add>at any time</add> <del>with that</del> money at<lb/> | |||
all at their disposal - that to all persons <del>give</del><lb/> | |||
paper admitting it to be as good is preferable to cash.<lb/> | |||
That to all persons a paper yielding interest<add>a mass of</add> however<lb/> | |||
small is preferable to a paper yielding none -<lb/> | |||
that all person <del>into</del> through whose hands money<lb/> | |||
in any quantity is in use to pass have at one<lb/> | |||
time or other some money of which they could<lb/> | |||
not in any other way make <del>equal</del><add>so great a mass of</add> interest<lb/> | |||
with so great<add>perfect</add> a degree of security - and other money<lb/> | |||
of which it would be altogether but of their power in<lb/> | |||
any other way to make any interest at all - that <add>the</add></p> | |||
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{{Metadata:{{PAGENAME}}}}{{Completed}} | |||
To this it may be answered that the instance
of the existing Stock Annuities is sufficient to prove
that a security which bindsbeing good <add>though for interest</add> nobody to the payment
of any principal corresponding to that to that interest will
notwithstanding when brought to market yield a
principal notwithstanding and a principal correspondent
-ding to to itsthe value of the annuity so secured:- that
this point being thus established, the only point remaining
in question is whether the value then put upon
the proposed species of annuity is greateror is not than the
value really belonging to it - that is - that the
value which a person whose money is so circumstanced
as to be adapted to the purchase of it will
find it his interest to give - that the value thus
put upon is not greater than the value really
belonging to it - the number of persons who for a
greater or less portionshare of time have a greater or less
mass of money so circumstanced as to be adapted to
the purchase of it is equal to the whole number of
the persons individuals in the community without any conception worth regarding who have anyat any time with that money at
all at their disposal - that to all persons give
paper admitting it to be as good is preferable to cash.
That to all persons a paper yielding interesta mass of however
small is preferable to a paper yielding none -
that all person into through whose hands money
in any quantity is in use to pass have at one
time or other some money of which they could
not in any other way make equalso great a mass of interest
with so greatperfect a degree of security - and other money
of which it would be altogether but of their power in
any other way to make any interest at all - that the
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Identifier: | JB/002/530/001"JB/" can not be assigned to a declared number type with value 2. |
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002 |
Annuity Notes |
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530 |
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001 |
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Text sheet |
1 |
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Recto"Recto" is not in the list (recto, verso) of allowed values for the "Rectoverso" property. |
E2 |
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Jeremy Bentham |
1798 A<…> |
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Frances Wright |
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1798 |
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1269 |
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