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the market without either taking out or keeping back | the market without either taking out or keeping back | ||
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<add>< | <add><del>any</del></add> money : it therefore adds in proportion to the price of | ||
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Stocks. | Stocks. <note>2 The proposed measure raises the price of Stocks, by the <add>what</add> amount of the Stock Annuities it takes out of the market — without any deduction for the New Annuities it creates.</note><!-- written in pencil --> | ||
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<p><!-- indent first word -->True it is , that even previously to the <add>absorption of</add> Stock Annuities, | <p><!-- indent first word -->True it is , that even previously to the <add>absorption of</add> Stock Annuities, | ||
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Annuities to a considerable part of the amount; | Annuities to a considerable part of the amount; | ||
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[<del>and</del> <add>for</add> it is <add>only</add> with the money | [<del>and</del> <add>for</add> it is <add>only</add> with the money received for these <hi rend='underline'>New</hi> | ||
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Annuities, that <del>it takes out the Old.</del> <add>the <hi rend='underline'>Old</hi> are taken out.</add>]<!-- open and closing brackets in pencil --> But <add>of</add> the money | Annuities, that <del>it takes out the Old.</del> <add>the <hi rend='underline'>Old</hi> are taken out.</add>]<!-- open and closing brackets in pencil --> But <add>of</add> the money | ||
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thus raised for the New Annuities , <del>is not</del> | thus raised for the New Annuities , <del>is not</del> | ||
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<add>there is not any part</add> <del>any part of it taken from the <add>any</add> money</del> that <add><del> | <add>there is not any part</add> <del>any part of it taken from the <add>any</add> money</del> that <add><del><unclear>so</unclear></del></add> could | ||
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have gone to market for Old Annuities : because, | have gone to market for Old Annuities : because, | ||
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while Stocks | while Stocks are under par, no money that can | ||
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be <sic>employ'd</sic> with advantage in the purchase of Stock , | be <sic>employ'd</sic> with advantage in the purchase of Stock , | ||
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can be <sic>employd</sic> <del>without</del> otherwise than to a < | can be <sic>employd</sic> <del>without</del> otherwise than to a <unclear>manifest</unclear> disadvantage, in the purchase of the inferior | ||
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rate of interest afforded by the proposed Note Annuities. <add>Any</add> | rate of interest afforded by the proposed Note Annuities. <add>Any</add> | ||
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125
Whatever takes Stock out of the market without
taking out or keeping back the equivalent in money, adds in proportion to the price
of Stocks . The proposed measure takes Stock out of
the market without either taking out or keeping back
any money : it therefore adds in proportion to the price of
Stocks. 2 The proposed measure raises the price of Stocks, by the what amount of the Stock Annuities it takes out of the market — without any deduction for the New Annuities it creates.
True it is , that even previously to the absorption of Stock Annuities,
which it takes out of the market, it creates has created other
Annuities to a considerable part of the amount;
[and for it is only with the money received for these New
Annuities, that it takes out the Old. the Old are taken out.] But of the money
thus raised for the New Annuities , is not
there is not any part any part of it taken from the any money that so could
have gone to market for Old Annuities : because,
while Stocks are under par, no money that can
be employ'd with advantage in the purchase of Stock ,
can be employd without otherwise than to a manifest disadvantage, in the purchase of the inferior
rate of interest afforded by the proposed Note Annuities. Any
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Identifier: | JB/002/223/001"JB/" can not be assigned to a declared number type with value 2. |
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1800-09-26 |
2 |
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002 |
Annuity Notes |
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223 |
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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. |
F125 |
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Jeremy Bentham |
1798 A<…> |
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Frances Wright |
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1798 |
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962 |
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