★ Find a new page to transcribe in our list of Untranscribed Manuscripts
No edit summary |
No edit summary |
||
Line 2: | Line 2: | ||
<!-- ENTER TRANSCRIPTION BELOW THIS LINE --> | <!-- ENTER TRANSCRIPTION BELOW THIS LINE --> | ||
It might be thought that though <add>the £100</add> an Exchequer Bill<lb/> | <p>It might be thought that though <add>the £100</add> an Exchequer Bill<lb/> | ||
is for the reasons above mentioned <add>pointed out</add> not every body's money<lb/> | is for the reasons above mentioned <add>pointed out</add> not every body's money<lb/> | ||
not the money of so many people as the £100 Bank<lb/> | not the money of so many people as the £100 Bank<lb/> | ||
Line 20: | Line 20: | ||
not will lay out in this way <add>as he may in Bank notes</add> any part or at<lb/> | not will lay out in this way <add>as he may in Bank notes</add> any part or at<lb/> | ||
had any considerable part of the<add>money</add> property which <del>they</del><add>he</add><lb/> | had any considerable part of the<add>money</add> property which <del>they</del><add>he</add><lb/> | ||
deems it necessary to keep by in readiness to<lb/><lb/> | |||
answer draughts: <del>for</del> because as has already been<lb/> | |||
<sic>shewn</sic><add>observed</add> he can not be equallysure <del>of a customers</del><lb/> | |||
<del>taking</del> such<add>the</add> Exchequer note's being taken by<add>accepted of</add> a person<lb/> | |||
who comes with a draught as he can of the Bank <note><!-- Marginal note in pencil -->12<lb/> | |||
As it can act perfectly<lb/> | |||
answer th<gap/><lb/> | |||
<gap/></note><lb/> | |||
note's being or accepted of. He can keep it therefore upon<lb/> | |||
no other footing than that of a title<add>title deed in evidence</add> to a principal sum<add>bearing</add></p> <pb/> | |||
It might be thought that though the £100 an Exchequer Bill
is for the reasons above mentioned pointed out not every body's money
not the money of so many people as the £100 Bank
note, still it wouldmight be worth asso many peoples money
as to bear the same price or nearly the same
price. It would for example be the money of Bankers
for example of money dealers in general, of
Bankers to a degree yet stillnot to the same degree
as whe Bank note: it is their money upon
a footing more nearly approaching to that in which so much
stock is their money than that on which the Bank
note is their money. A Banker They may lay out their money
in this way for the purpose of making it produce
an interest: that isand thence be they may lay out in this way
such part of their his receipts as they allowhe allows themselves
to lay out for theirhis own benefit. But theyhe can
not will lay out in this way as he may in Bank notes any part or at
had any considerable part of themoney property which theyhe
deems it necessary to keep by in readiness to
answer draughts: for because as has already been
shewnobserved he can not be equallysure of a customers
taking suchthe Exchequer note's being taken byaccepted of a person
who comes with a draught as he can of the Bank 12
As it can act perfectly
answer th
note's being or accepted of. He can keep it therefore upon
no other footing than that of a titletitle deed in evidence to a principal sumbearing
---page break---