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<head>Art. 20 <unclear>8</unclear></head> | <head>Art. 20 <unclear>8</unclear></head> | ||
Now to proceed for the <del>paying</del> redemption of those <lb/>portions of Stock whose holders <del>will not</del> forbear, purposely<lb/> or otherwise, to apply for the purpose of receiving<lb/> it? — From the time that the money is set apart<lb/> for the purchase of the mass of Stock standing<lb/> in any <add>this or that </add> | <p>Now to proceed for the <del>paying</del> redemption of those <lb/>portions of Stock whose holders <del>will not</del> forbear, purposely<lb/> or otherwise, to apply for the purpose of receiving<lb/> it? — From the time that the money is set apart<lb/> for the purchase of the mass of Stock standing<lb/> in any <add>this or that </add> name, the interest of course must cease: if the<lb/> redemption of the principal and thence the cessation of<lb/> the interest depended on the <add>act of the Annuitant</add> Stockholder, no unwilling<lb/> Annuitant would <del>be</del> ever be paid off. Nothing but<lb/> loss — clear and palpable — would be the result<lb/> of the non-acceptance or any delay in the non-acceptance of the redemption — money in such case. Therefore<lb/> any such refractoriness | ||
could not be reasonably to<lb/> be apprehended in any considerable degree: <add>worth regarding </add>and so far as <lb/>it did take place, there would be no positive loss to<lb/> Government; since the money <add>in one mass</add> would be lying idle,<lb/> <add>(the progress of the converse being stopped <hi rend='underline'><foreign>pro tanto</foreign></hi>)</add><lb/> the interest on it would be saved</p> | |||
<p>In the case of distant Absentees, power might be given to their known Agents <add>the existence of the trust being sufficiently verified in a manner to be presented</add> having power of<lb/> Attorney in regard to Stock, although the <add>power of</add> transfer were <lb/>not included: measures being provided impounding the<lb/> <add>correspondent</add> Annuity Notes in the public offices, <add>so as not</add> without <lb/>trusting <add>to trust</add> them to any Agent whose powers did not<lb/> extend thus far, till the will of the proprietor could <lb/>be made known.<lb/> <add>compare</add> | |||
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Art. 20 8
Now to proceed for the paying redemption of those
portions of Stock whose holders will not forbear, purposely
or otherwise, to apply for the purpose of receiving
it? — From the time that the money is set apart
for the purchase of the mass of Stock standing
in any this or that name, the interest of course must cease: if the
redemption of the principal and thence the cessation of
the interest depended on the act of the Annuitant Stockholder, no unwilling
Annuitant would be ever be paid off. Nothing but
loss — clear and palpable — would be the result
of the non-acceptance or any delay in the non-acceptance of the redemption — money in such case. Therefore
any such refractoriness
could not be reasonably to
be apprehended in any considerable degree: worth regarding and so far as
it did take place, there would be no positive loss to
Government; since the money in one mass would be lying idle,
(the progress of the converse being stopped pro tanto)
the interest on it would be saved
In the case of distant Absentees, power might be given to their known Agents the existence of the trust being sufficiently verified in a manner to be presented having power of
Attorney in regard to Stock, although the power of transfer were
not included: measures being provided impounding the
correspondent Annuity Notes in the public offices, so as not without
trusting to trust them to any Agent whose powers did not
extend thus far, till the will of the proprietor could
be made known.
compare
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Identifier: | JB/002/477/001"JB/" can not be assigned to a declared number type with value 2. |
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not numbered |
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002 |
annuity notes |
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477 |
art. 20 |
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001 |
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text sheet |
1 |
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recto |
d8 |
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jeremy bentham |
<…>m 1798 |
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frances wright |
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1798 |
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1216 |
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