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<head>120</head> | |||
<head>Abstract</head><!-- written in pencil --> | |||
<p><!-- indent first word -->In this state of things many millions of | |||
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government paper still in circulation , and little or | |||
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no <del>In this state of things</del> <add>interest demanded on it,</add> there seems nothing to | |||
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be gained and something to be lost by carrying | |||
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the redemption any further. <del>So long as the n</del> <unclear>As</unclear> | |||
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to so much interest as continues to be undemanded , | |||
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the Debt <hi rend='underline'>ceases</hi> to be a <sic>burthen</sic> ; the taxes , from | |||
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which the redemption money would be to come , <hi rend='underline'>are</hi> | |||
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a <sic>burthen</sic> : and the paper taken out of the circulation | |||
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by the redemption would be so much taken <del>out of</del> from the mass of circulating capital : as | |||
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much <add>so,</add> as if gold to that amount , after having been | |||
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received by government in the sum of taxes were to | |||
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be thrown into the till. A defalcation made to any | |||
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such amount as the supposed 20 million , in the | |||
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course of two years might by its suddenness be | |||
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productive of inconvenienc<del>ces</del> such as it would | |||
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not be easy to estimate : <hi rend='superscript'>+</hi> <note>+ See further .[Ch. National <del>W</del>Capital.<!-- the captial W is overwritten with a captial C. I have written it here, then deleted it, then written the C alongside to try to show Bentham's initial intention. -->]</note> similar <add>in a word ,</add> to those , which | |||
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have been attributed to the diminution in the | |||
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quantity of Bank of England paper in circulation. <add>Were</add> | |||
<lb/></p> | |||
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{{Metadata:{{PAGENAME}}}} | {{Metadata:{{PAGENAME}}}}{{Completed}} | ||
120 Abstract
In this state of things many millions of
government paper still in circulation , and little or
no In this state of things interest demanded on it, there seems nothing to
be gained and something to be lost by carrying
the redemption any further. So long as the n As
to so much interest as continues to be undemanded ,
the Debt ceases to be a burthen ; the taxes , from
which the redemption money would be to come , are
a burthen : and the paper taken out of the circulation
by the redemption would be so much taken out of from the mass of circulating capital : as
much so, as if gold to that amount , after having been
received by government in the sum of taxes were to
be thrown into the till. A defalcation made to any
such amount as the supposed 20 million , in the
course of two years might by its suddenness be
productive of inconveniencces such as it would
not be easy to estimate : + + See further .[Ch. National WCapital.] similar in a word , to those , which
have been attributed to the diminution in the
quantity of Bank of England paper in circulation. Were
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Identifier: | JB/002/218/001"JB/" can not be assigned to a declared number type with value 2. |
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11 |
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002 |
Annuity Notes |
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218 |
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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. |
F120 |
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Jeremy Bentham |
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957 |
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