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<p>Judges being preferable not to the <unclear>copiousness</unclear> of the foreign demands<lb/> | <p>Judges being preferable not to the <unclear>copiousness</unclear> of the foreign demands<lb/> | ||
but to the constitution of the existing private paper payable a<lb/> | but to the constitution of the existing private paper payable a<lb/> | ||
demand to | demand to experienced <gap/> of some of the Country paper<lb/> | ||
to the occasional <gap/> of the paper of the Great<lb/> | to the occasional <gap/> of the paper of the Great<lb/> | ||
chartered Company coupled with its preceding Copiousness<lb/> | chartered Company coupled with its preceding Copiousness<lb/> | ||
and the excess of its advances made by the <del>Bank</del> <add>Company</add> to Government<lb/> | and the excess of its advances made by the <del>Bank</del> <add>Company</add> to Government<lb/> | ||
causes which <del>would</del> after all would not have been adequate<lb/> | causes which <del>would</del> after all would not have been adequate<lb/> | ||
to the production of the effect had it not been for these | to the production of the effect had it not been for these alarms<lb/> | ||
of Invasion which were prevalent at the time.</p> | of Invasion which were prevalent at the time.</p> | ||
<p>3. That no such extra < | <p>3. That no such extra <unclear>demands</unclear> for Cash supposing it to<lb/> | ||
exist could produce any depreciation in the price of the proposed<lb/> | exist could produce any depreciation in the price of the proposed<lb/> | ||
paper till after it had put an entire stop to the purchase of<lb/> | paper till after it had put an entire stop to the purchase of<lb/> | ||
it in the way of issue: since the progress of the issue being<lb/> | it in the way of issue: since the progress of the issue being<lb/> | ||
matter of universal notoriety, it could never happen <add>in virtue of art</add> that in<lb/> | matter of universal notoriety, it could never happen <add>in virtue of art</add> that in<lb/> | ||
any part of the Country (the < | any part of the Country (the <sic>expence</sic> of <unclear>portage</unclear> out of the question)<lb/> | ||
a man should give £100. for such a quantity of this paper<lb/> | a man should give £100. for such a quantity of this paper<lb/> | ||
as might in any other part of the Country be had for £99.19.0.<lb/> | as might in any other part of the Country be had for £99.19.0.<lb/> | ||
But in the nature things setting aside the | But in the nature things setting aside the influence of the supposed<lb/> | ||
extraordinary & temporary causes the amount of the demand | extraordinary & temporary causes the amount of the demand for this<lb/> | ||
paper <gap/> be regularly receiving a regular and very rapid increase.</p> | paper <gap/> be regularly receiving a regular and very<lb/> rapid increase.</p> | ||
4. But if in a case thus void of probability it were worth<lb/> | <p>4. But if in a case thus void of probability it were worth<lb/> while to look out for a remedy, a remedy and that of the<lb/> | ||
while to look out for a remedy, a remedy and that of the<lb/> | |||
preservative kind might easily be provided for it— I mean<lb/> | preservative kind might easily be provided for it— I mean<lb/> | ||
that of a Cash Fund (not to exceed suppose a Million) formed <del> | that of a Cash Fund (not to exceed suppose a Million) formed <del>out</del> by<lb/> | ||
a reserve <del>set</del> made of a part of the profits of the operation (as per art 9.)<lb/> | a reserve <del>set</del> made of a part of the profits of the operation (as per art 9.)<lb/> | ||
to be employed in case of need in the support of the price of the<lb/> | to be employed in case of need in the support of the price of the<lb/> | ||
proposed paper, by either buying it in with Cash or taking it in < | proposed paper, by either buying it in with Cash or taking it in <unclear>place</unclear> for<lb/> cash, from the time that the <unclear>discounts</unclear> upon it had risen to an amount<lb/> worth regarding. In consideration of this steadiness of Price the proposed Paper would<lb/> becomes <hi rend='underline'><unclear>everybodys</unclear> money.</hi> <del>and</del> </p> | ||
Judges being preferable not to the copiousness of the foreign demands
but to the constitution of the existing private paper payable a
demand to experienced of some of the Country paper
to the occasional of the paper of the Great
chartered Company coupled with its preceding Copiousness
and the excess of its advances made by the Bank Company to Government
causes which would after all would not have been adequate
to the production of the effect had it not been for these alarms
of Invasion which were prevalent at the time.
3. That no such extra demands for Cash supposing it to
exist could produce any depreciation in the price of the proposed
paper till after it had put an entire stop to the purchase of
it in the way of issue: since the progress of the issue being
matter of universal notoriety, it could never happen in virtue of art that in
any part of the Country (the expence of portage out of the question)
a man should give £100. for such a quantity of this paper
as might in any other part of the Country be had for £99.19.0.
But in the nature things setting aside the influence of the supposed
extraordinary & temporary causes the amount of the demand for this
paper be regularly receiving a regular and very
rapid increase.
4. But if in a case thus void of probability it were worth
while to look out for a remedy, a remedy and that of the
preservative kind might easily be provided for it— I mean
that of a Cash Fund (not to exceed suppose a Million) formed out by
a reserve set made of a part of the profits of the operation (as per art 9.)
to be employed in case of need in the support of the price of the
proposed paper, by either buying it in with Cash or taking it in place for
cash, from the time that the discounts upon it had risen to an amount
worth regarding. In consideration of this steadiness of Price the proposed Paper would
becomes everybodys money. and
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Identifier: | JB/002/154/002"JB/" can not be assigned to a declared number type with value 2. |
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002 |
annuity notes |
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154 |
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002 |
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copy/fair copy sheet |
2 |
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recto |
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richard smith |
w warren 1832 |
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benjamin cooke griffinhoofe |
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1832 |
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893 |
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