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<note>Ch. XIV</note><lb/> | <note>Ch. XIV</note><lb/> | ||
<p> | |||
I, after having expelled, of itself, the whole <note>5<lb/> | I, after having expelled, of itself, the whole <note>5<lb/> | ||
If after expelling<lb/> | If after expelling<lb/> | ||
| Line 21: | Line 21: | ||
<add>were to keep on</add>increasing without expelling metallic money <del>to an</del><lb/> | <add>were to keep on</add>increasing without expelling metallic money <del>to an</del><lb/> | ||
<del><gap/></del><add><del>to any amou</del><add>to</add></add><add>an aount equal to its own -<del>Still more</del><lb/> | <del><gap/></del><add><del>to any amou</del><add>to</add></add><add>an aount equal to its own -<del>Still more</del><lb/> | ||
<del>if without expelling it to any amount</del></add> <del>amount equal to its own</del> it would | <del>if without expelling it to any amount</del></add> <del>amount equal to its own</del> it would thenceforeward,<lb/> | ||
if not restrained, make a proportionable addition to<lb/> | |||
the quantity of money <add>of all sorts</add> in circulation, and thence<lb/> | |||
to the prices of vendible articles <add>commodities</add>- In this case it<lb/> | |||
would be necessary to <del>check the quantity of this</del><add><del>repress that apply the necessary</del></add><lb/> | |||
<add>apply the check</add><del>restrained</del> to the proposed paper itself, by limiting the<lb/> | |||
<del>paper in circulation set limits to that part of</del><lb/> | |||
<del>the mass of the proposed paper</del> <add>the quantity that should be <del>alto</del> suffered to enter into</add> <del>which entering into</del> <lb/> | |||
the composition of the mass of money in circulation:<lb/> | |||
for example by stopping the issue of all Annuity Notes<lb/> | |||
below a certain magnitude: say for instance the <del>£100</del><lb/> | |||
£102: 8 Notes. By an expedient thus simple, <del>the</del> | |||
<add>(the requisite powers being given to the Executive Government <hi rend="underline">ab initio</hi>)</add>the end might be accomplished, <add> in the possible events supposed</add> without any fresh interference<lb/> | |||
on the part of the legislature. That the income thus<lb/> | |||
proposed would be adequate to the end will appear<lb/> | |||
clear enough (it is supposed) from what has been<lb/> | |||
and <add>on this subject</add> in a former Chapter.</p> | |||
<note>+ Ch. IV. [<hi rend="underline">Grounds</hi> &c</note><lb/> | |||
<p>That</p> | |||
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{{Metadata:{{PAGENAME}}}} | {{Metadata:{{PAGENAME}}}} | ||
Ch. XIV
I, after having expelled, of itself, the whole 5
If after expelling
all other paper
the amount of it
should swell beyond
the amount of the
paper so expelled
it would be necessary
to count it:viz:
by stopping the issue
of all Annuity
Notes, of magnitudes
later
to circulation
amount of paper money of other sorts it went onkept
were to keep onincreasing without expelling metallic money to an
to any amou<add>to</add>an aount equal to its own -Still more
if without expelling it to any amount amount equal to its own it would thenceforeward,
if not restrained, make a proportionable addition to
the quantity of money of all sorts in circulation, and thence
to the prices of vendible articles commodities- In this case it
would be necessary to check the quantity of thisrepress that apply the necessary
apply the checkrestrained to the proposed paper itself, by limiting the
paper in circulation set limits to that part of
the mass of the proposed paper the quantity that should be alto suffered to enter into which entering into
the composition of the mass of money in circulation:
for example by stopping the issue of all Annuity Notes
below a certain magnitude: say for instance the £100
£102: 8 Notes. By an expedient thus simple, the
(the requisite powers being given to the Executive Government ab initio)the end might be accomplished, in the possible events supposed without any fresh interference
on the part of the legislature. That the income thus
proposed would be adequate to the end will appear
clear enough (it is supposed) from what has been
and on this subject in a former Chapter.
+ Ch. IV. [Grounds &c
That
