★ Find a new page on our Untranscribed Manuscripts list.
Auto loaded |
No edit summary |
||
| Line 1: | Line 1: | ||
'''[{{fullurl:JB/107/168/001|action=edit}} Click Here To Edit]''' | '''[{{fullurl:JB/107/168/001|action=edit}} Click Here To Edit]''' | ||
<!-- ENTER TRANSCRIPTION BELOW THIS LINE --> | <!-- ENTER TRANSCRIPTION BELOW THIS LINE --> | ||
<head><!-- in pencil -->B</head> | |||
<p><note><!-- in pencil -->Bankruptcy — Probability</note> Such is the nature of National Bankruptcy: tried<lb/> | |||
enough, but not so horrible as it is apt to paint itself<lb/> | |||
The next questions are — Is the mischief likely to befall us<lb/> | |||
and, if so, within what period may it be expected.</p> | |||
<p>The answer is: that depends upon <del>the proposition between</del><lb/> | |||
Peace and War — upon the portion of <gap/> respectively spent<lb/> | |||
in those two states — Peace <del>and</del> <add>or</add> War depend finally upon<lb/> | |||
ourselves, partly upon other Nations: at the present period<lb/> | |||
upon the French.</p> | |||
<p>The arrival of Bankruptcy at some period or other,<lb/> | |||
is matter <del>fr</del> not of conjecture but of mathematical certainty<lb/> | |||
<add>during War, the</add> <add>So long as we are at War</add> Our demand for money is continually increasing: our resources<lb/> | |||
continually diminishing, and when <gap/> two quantities <del><gap/></del><lb/> | |||
are thus circumstanced, though the largest <add><unclear>Player</unclear></add> were as <del><gap/></del> large<lb/> | |||
as the solar system, and the smaller as small as a<lb/> | |||
<del><gap/><gap/></del> microscopic <gap/>, sooner or later<lb/> | |||
they must change places</p> | |||
<p>Our taxable matter, vast beyond expectation as it<lb/> | |||
has proved, is still a limited generality. Like every other<lb/> | |||
limited quantity, sooner or later, if continually drawn<lb/> | |||
upon it can not but be exhausted.</p> | |||
<p>The measures taken <add>establishment made</add> for the buying in of <add>that part of</add> the National<lb/> | |||
Debt which was contracted <del>for</del> before 1793 will have<lb/> | |||
<add><gap/> of</add> discharged that incumbrance within <del>some</del> <add>a</add> period of between<lb/> | |||
33 and 54 Years: and since every additional <gap/><lb/> | |||
borrowed has been accompanied with <del><gap/></del> provision made<lb/> | |||
for the discharge of it which will have affected its object<lb/> | |||
<del><gap/></del> the expiration of a period of about 40 years. So that<lb/> | |||
if we can hold out without Bankruptcy for the value<lb/> | |||
of 40 or 50 years, or so, there seems little <del>danger of</del> <add>difficulty about</add> over <add>not</add></p> | |||
<pb/> | |||
B
Bankruptcy — Probability Such is the nature of National Bankruptcy: tried
enough, but not so horrible as it is apt to paint itself
The next questions are — Is the mischief likely to befall us
and, if so, within what period may it be expected.
The answer is: that depends upon the proposition between
Peace and War — upon the portion of respectively spent
in those two states — Peace and or War depend finally upon
ourselves, partly upon other Nations: at the present period
upon the French.
The arrival of Bankruptcy at some period or other,
is matter fr not of conjecture but of mathematical certainty
during War, the So long as we are at War Our demand for money is continually increasing: our resources
continually diminishing, and when two quantities
are thus circumstanced, though the largest Player were as large
as the solar system, and the smaller as small as a
microscopic , sooner or later
they must change places
Our taxable matter, vast beyond expectation as it
has proved, is still a limited generality. Like every other
limited quantity, sooner or later, if continually drawn
upon it can not but be exhausted.
The measures taken establishment made for the buying in of that part of the National
Debt which was contracted for before 1793 will have
of discharged that incumbrance within some a period of between
33 and 54 Years: and since every additional
borrowed has been accompanied with provision made
for the discharge of it which will have affected its object
the expiration of a period of about 40 years. So that
if we can hold out without Bankruptcy for the value
of 40 or 50 years, or so, there seems little danger of difficulty about over not
---page break---
|
Identifier: | JB/107/168/001"JB/" can not be assigned to a declared number type with value 107. |
|||
|---|---|---|---|
|
107 |
|||
|
168 |
|||
|
001 |
|||
|
text sheet |
1 |
||
|
recto |
e1 |
||
|
jeremy bentham |
|||
|
35159 |
|||
