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the given quantity of hard cash is able to support | the given quantity of hard cash is able to support | ||
<lb/> | <lb/> | ||
—to the < | — to the <sic>prossess</sic> with which the total <!-- slanting line over the letter m -->mass | ||
<lb/> | <lb/> | ||
of paper <!-- slanting line over the letter m -->money acts as the total mass of hard | of paper <!-- slanting line over the letter m -->money acts as the total mass of hard | ||
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<p>These Annuity Notes then so far as the | <p>These Annuity Notes then so far as the | ||
<lb/> | <lb/> | ||
Bank <del>took advantage of them</del> | Bank <del>took advantage of them</del> in <gap/> | ||
<lb/> | <lb/> | ||
of the issue of them withdrew out of the circulation | of the issue of them withdrew out of the circulation | ||
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change, <del>then</del> for instance if the Bank withdrew | change, <del>then</del> for instance if the Bank withdrew | ||
<lb/> | <lb/> | ||
as it would find itself<!-- written twice --> itself obliged to do a | as it would find itself<!-- written twice --> itself obliged to do a fraction | ||
<lb/> | <lb/> | ||
of its large notes, <add>as above described, and</add> at the same omitted to | of its large notes, <add>as above described, and</add> at the same omitted to | ||
<lb/> | <lb/> | ||
replace them by an equal amount of small | replace them by an equal amount of small notes, | ||
<lb/> | <lb/> | ||
then in addition <add> | then <del>in</del> addition <add>proportionate</add> would be made — not to the | ||
<lb/> | <lb/> | ||
<add>< | <add><foreign><hi rend='underline'>quantum</hi></foreign></add> mass of national wealth, but to its <hi rend='underline'><gap/></hi>: since | ||
<lb/> | <lb/> | ||
the same quantity of hard cash would have a | the same quantity of hard cash would have a | ||
under construction ...
the amount of them what it will do not add to
the quantity of money hard cash "promised — promised
to be paid on demand: they do not therefore
on being thrown in to the circulation, take any
thing from the quantity of paper money which
the given quantity of hard cash is able to support
— to the prossess with which the total mass
of paper money acts as the total mass of hard
cash.
These Annuity Notes then so far as the
Bank took advantage of them in
of the issue of them withdrew out of the circulation
it notes of £10 and upwards, replacing
them by small notes would add to the circulation
national wealth in respect of its circulating capital
a quantity to the amount equal to that of the
Bank notes of £10 and upwards which it served
to replace. If the Bank [+]{+]of England as well as other B known Banking Houses neglected to make this
change, then for instance if the Bank withdrew
as it would find itself itself obliged to do a fraction
of its large notes, as above described, and at the same omitted to
replace them by an equal amount of small notes,
then in addition proportionate would be made — not to the
quantum mass of national wealth, but to its : since
the same quantity of hard cash would have a
less quantity of paper money to support. Thus
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Identifier: | JB/002/417/001"JB/" can not be assigned to a declared number type with value 2. |
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002 |
annuity notes |
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417 |
[[info_in_main_headings_field::art. 11 presence[?]]] |
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001 |
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text sheet |
1 |
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recto |
d11 / e5 |
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jeremy bentham |
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1156 |
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