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== ENTER TRANSCRIPTION BELOW THIS LINE == | == ENTER TRANSCRIPTION BELOW THIS LINE == | ||
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of £2-10<!-- symbol/forward slash above the 0 --> each that it would to give change for one of | of £2-10<!-- symbol/forward slash above the 0 --> each that it would to give change for one of | ||
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£10, even supposing them all brought by the same | £10, even supposing them all brought by the same person: | ||
<lb/> | <lb/> | ||
and if brought by four different persons the time | and if brought by four different persons the time | ||
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that circumstance. Government would therefore, <add>constantly and</add> <hi rend='underline'><unclear>as</unclear> necessitate | that circumstance. Government would therefore, <add>constantly and</add> <hi rend='underline'><unclear>as</unclear> necessitate | ||
<lb/> | <lb/> | ||
<gap/></hi> and therefore without the smallest <gap/> | <gap/></hi> and therefore without the smallest <gap/><!-- confrontation ? --> | ||
<lb/> | <lb/> | ||
upon its credit be gaining <add>thus giving itself that advantage</add> that time which the Bank | upon its credit be gaining <add>thus giving itself that advantage</add> that time which the Bank | ||
<lb/> | <lb/> | ||
of England have <del>now very</del> occasionally used very rarely | |||
<lb/> | <lb/> | ||
been driven to do <add>give itself</add> for the preservation of its solvency | been driven to do <add>give itself</add> for the preservation of its solvency | ||
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<p>No reason can be given (<!-- bracket written in pencil? Add? -->except the universal objection | <p>No reason can be given (<!-- bracket written in pencil? Add? -->except the universal objection | ||
<lb/> | <lb/> | ||
of <sic>its</sic> not having been done before)<!-- pencil bracket. Add? --> against | of <sic>its</sic> not having been done before)<!-- pencil bracket. Add? --> against Government's | ||
<lb/> | <lb/> | ||
issusing notes of this description which does not apply | issusing notes of this description which does not apply | ||
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by Administration <add>at interest</add> without the sanction of Parliament viz: | by Administration <add>at interest</add> without the sanction of Parliament viz: | ||
<lb/> | <lb/> | ||
by <gap/> | by <gap/><!-- possibly Navq ? --> Bills and <unclear>Ordinary</unclear> Debentures, and with lately | ||
<lb/> | <lb/> | ||
at very exorbitant interest. In this way, and without interest | at very exorbitant interest. In this way, and without interest | ||
tune in case of a run it would on several accounts take up more
time to pay a given sum in such small notes than in the
large present large notes. It would for example take up
at least four times the time to give change for 4 notes
of £2-10 each that it would to give change for one of
£10, even supposing them all brought by the same person:
and if brought by four different persons the time
would it is obvious enough be more or less protracted by
that circumstance. Government would therefore, constantly and as necessitate
and therefore without the smallest
upon its credit be gaining thus giving itself that advantage that time which the Bank
of England have now very occasionally used very rarely
been driven to do give itself for the preservation of its solvency
to the great disparagement of its credit.
No reason can be given (except the universal objection
of its not having been done before) against Government's
issusing notes of this description which does not apply
and with still greater force against the issuing of the present
Exchequer Bills. If government ought not to trust
itself with the faculty of borrowing money without interest
still less ought it to trust itself with that of borrowing
money with interest.
Money has been borrowed all always been borrowed
by Administration at interest without the sanction of Parliament viz:
by Bills and Ordinary Debentures, and with lately
at very exorbitant interest. In this way, and without interest
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Identifier: | JB/002/371/001"JB/" can not be assigned to a declared number type with value 2. |
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002 |
Annuity Notes |
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371 |
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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. |
E21 |
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Jeremy Bentham |
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1110 |
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