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2. Profit <hi rend='underline'>by interest undemanded</hi> will be | <p>2. Profit <hi rend='underline'>by interest undemanded</hi> will <del>be</del> continue <lb/> and with increase . <del>For</del> The profit <add>above mentioned as</add> produced by <lb/> <gap/> <gap/> in <hi rend='underline'>circulating <del><gap/></del> | ||
hands</hi> <add>will increase as the quantity of paper ... with a view to circulation:</add> <lb/> <hi rend='underline'>with</hi> increase : this <add>branch of</add> profit may be termed the <del><hi rend='underline'>source</hi></del> <gap/> <add><hi rend='underline'>standing</hi></add><lb/> <add>or <hi rend='underline'>regular</hi></add> branch<hi rend='underline'>. To this will <add>now</add> be added the profit produced <lb/> by the Notes in <hi rend='underline'>hoarding hands</hi>: viz: the expelled <lb/> Stockholders, who take this paper with a view to <add>permanent</add> income <lb/> as they held their Stock. This <add>branch</add> may be termed <lb/> the <hi rend='underline'>casual</hi> branch : it will arise out of such <lb/> casual forbearances only as take place at present <lb/> in the case of dividends in Stock.</p> <lb/> The probable rate of it might be intimiated from the <lb/> course of the payments in this <gap/><gap/>at present at the Bankon this have made in <hi rend='underline'>present</hi> at the Bank. <lb/> The <note>quantity of</note> Government Annuities, Stock and Note Annuities<lb/> taken together, will, it is true, be growing<lb/> | |||
<del>scarcer and scarcer</del> <add>less and less</add> every day: while the <add>quantity of</add> money<lb/>capable of being <sic>employ'd</sic> in the purchase of<lb/> them will be growing greater and greater: <note>so that the security will be growing at both ends</note> But<lb/>inasmuch as, <del>while,</del> the issue <del>continues</del> <add>being</add> open all<lb/>the while, every body will be at liberty to supply<lb/>himself with whatever quantity of this paper he<lb/>chooses, whether for the purpose of hoarding, or<lb/>with a view to circulation | |||
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2. Profit by interest undemanded will be continue
and with increase . For The profit above mentioned as produced by
in circulating
hands will increase as the quantity of paper ... with a view to circulation:
with increase : this branch of profit may be termed the source standing
or regular branch. To this will now be added the profit produced
by the Notes in <hi rend='underline'>hoarding hands: viz: the expelled
Stockholders, who take this paper with a view to permanent income
as they held their Stock. This branch may be termed
the casual branch : it will arise out of such
casual forbearances only as take place at present
in the case of dividends in Stock.
The probable rate of it might be intimiated from the
course of the payments in this at present at the Bankon this have made in present at the Bank.
The quantity of Government Annuities, Stock and Note Annuities
taken together, will, it is true, be growing
scarcer and scarcer less and less every day: while the quantity of money
capable of being employ'd in the purchase of
them will be growing greater and greater: so that the security will be growing at both ends But
inasmuch as, while, the issue continues being open all
the while, every body will be at liberty to supply
himself with whatever quantity of this paper he
chooses, whether for the purpose of hoarding, or
with a view to circulation
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Identifier: | JB/002/185/001"JB/" can not be assigned to a declared number type with value 2. |
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1800-10-07 |
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002 |
Annuity Notes |
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185 |
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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. |
F87 |
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Jeremy Bentham |
1798 A<…> |
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Frances Wright |
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1798 |
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924 |
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