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== ENTER TRANSCRIPTION BELOW THIS LINE == | == ENTER TRANSCRIPTION BELOW THIS LINE == | ||
<head>120</head> | |||
<head>Abstract</head><!-- written in pencil --> | |||
<p><!-- indent first word -->In this state of things many millions of | |||
<lb/> | |||
government paper still in circulation , and little or | |||
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no <del>In this state of things ,</del> <add>interest demanded on it</add> there seems nothing to | |||
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be gained and something to be lost by carrying | |||
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the redemption any further. <del>So long as the n</del> <unclear>Or</unclear> | |||
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to so much interest as continues to be <unclear>undemanded</unclear> , | |||
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the Debt <hi rend='underline'>ceases</hi> to be a burthen ; the taxes , from | |||
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which the reemption money would be to come , <hi rend='underline'>are</hi> | |||
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a burthen : and the paper taken out of the circulation | |||
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by the redemption would be so much taken <del><unclear>use</unclear> of</del> from the mass of circulating capital : as | |||
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much <add>so ,</add> as if gold to that amount , after having been | |||
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received by government on the <gap/><!-- nose ? --> of taxes were to | |||
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be thrown into the till. A defalcation made to any | |||
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such amount as the supposed 20 million , in the | |||
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course of two years might by its suddenness be | |||
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productive of inconvenienc<del>ces</del> such as it would | |||
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not be easy estimate : <hi rend='superscript'>+</hi> <note>+ See further .[Ch. National <del>W</del>Capital.<!-- the captial W is overwritten with a captial C. I have written it here, then deleted it, then written the C alongside to try to show Bentham's initial intention. -->]</note> similar <add>in a word ,</add> to those , which | |||
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have been attributed to the diminution in the | |||
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quantity of Bank of England paper in circulation. <add>Were</add> | |||
<lb/></p> | |||
120 Abstract
In this state of things many millions of
government paper still in circulation , and little or
no In this state of things , interest demanded on it there seems nothing to
be gained and something to be lost by carrying
the redemption any further. So long as the n Or
to so much interest as continues to be undemanded ,
the Debt ceases to be a burthen ; the taxes , from
which the reemption money would be to come , are
a burthen : and the paper taken out of the circulation
by the redemption would be so much taken use of from the mass of circulating capital : as
much so , as if gold to that amount , after having been
received by government on the of taxes were to
be thrown into the till. A defalcation made to any
such amount as the supposed 20 million , in the
course of two years might by its suddenness be
productive of inconveniencces such as it would
not be easy estimate : + + See further .[Ch. National WCapital.] similar in a word , to those , which
have been attributed to the diminution in the
quantity of Bank of England paper in circulation. Were
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Identifier: | JB/002/218/001"JB/" can not be assigned to a declared number type with value 2. |
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11 |
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002 |
Annuity Notes |
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218 |
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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. |
F120 |
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Jeremy Bentham |
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957 |
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