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reason on the part of any <del>mone</del> body (except on<lb/> | reason on the part of any <del>mone</del> body (except on<lb/> | ||
the part of each Note holder in so far as his own<lb/> | the part of each Note holder in so far as his own<lb/> | ||
particular interest - and that the interest of the <unclear>amount</unclear | particular interest - and that the interest of the <unclear>amount</unclear><lb/> | ||
<del>is</del><add>were</add> concerned)it would <del>aj</del> adjust itself, as it were<lb/> | <del>is</del><add>were</add> concerned)it would <del>aj</del> adjust itself, as it were<lb/> | ||
of itself, as to what concern the demand for <del>ready</del><add>circulating</add><lb/> | of itself, as to what concern the demand for <del>ready</del><add>circulating</add><lb/> | ||
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be <hi rend="underline">Stock</hi> an amount and <hi rend="underline">cash</hi> the next, whichever<lb/> | be <hi rend="underline">Stock</hi> an amount and <hi rend="underline">cash</hi> the next, whichever<lb/> | ||
interest wanted.</p> | interest wanted.</p> | ||
<p><add>In the other case, <del>being</del><add>were it</add> <add>but one ingredient, amongst</add><del>Constituting one ingredient - in the currency of</del><lb/> | |||
<add>others,in the composition of the currency of the country</add> <del>the counting along with other money</del>, it would, as<lb/> | |||
far as it went, and to the extent of the quantity<lb/> | |||
kept in hand peacefully with with a view to income <add>(a)</add> <note>Note (a) to p.163<lb/> | |||
It therefore would not<lb/> | |||
begin to act in this<lb/> | |||
capacity till after Period<lb/> | |||
1: but from thenceforward<lb/> | |||
the quantity would be more<lb/> | |||
than adequate to the purpose<lb/> | |||
here in question, in a<lb/> | |||
prodigious degree</note><lb/> | |||
<add><del>be a concomitant, and</del></add> | |||
<del>constitute or habituate to other paper money, and</del><lb/> | |||
act as an occasional supplement to other paper money<lb/> | |||
<add>and as</add> a remedy of the prevention kind to whatever inconveniences<lb/> | |||
might otherwise have arisen from a <hi rend="underline">deficiency</hi><lb/> | |||
<del>if</del><add>of</add> that article.</p> | |||
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Abstract
Ch XII Common
7
If the only paper
it would receive
these inconveniences
altogether himself a
other papers it
would lessen the
inconveniences the
proportion to its
amount
Text
Were atthe proposed paper the only paper money , paper money would
not be liable to commercialnational wealth would not be liable
to suffer either in point of quantity or in point of security
either from excess in the quantity of paper money
or from deficiency in the quantity of paper money, in
any degree: since, even without the exercise of human
reason on the part of any mone body (except on
the part of each Note holder in so far as his own
particular interest - and that the interest of the amount
iswere concerned)it would aj adjust itself, as it were
of itself, as to what concern the demand for readycirculating
money, to the exact quantityquantum of the demand: it would
be Stock an amount and cash the next, whichever
interest wanted.
In the other case, being<add>were it but one ingredient, amongstConstituting one ingredient - in the currency of
others,in the composition of the currency of the country the counting along with other money, it would, as
far as it went, and to the extent of the quantity
kept in hand peacefully with with a view to income (a) Note (a) to p.163
It therefore would not
begin to act in this
capacity till after Period
1: but from thenceforward
the quantity would be more
than adequate to the purpose
here in question, in a
prodigious degree
be a concomitant, and
constitute or habituate to other paper money, and
act as an occasional supplement to other paper money
and as a remedy of the prevention kind to whatever inconveniences
might otherwise have arisen from a deficiency
ifof that article.
