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<p> <note>2<hi rend="superscript">ds</hi></note> <note>21</note><lb/> 1<lb/> <note> Ch. Grounds<lb/> VI <sic>Depretiation</sic>< | <p> <note>2<hi rend="superscript">ds</hi></note> <note>21</note><lb/> 1<lb/> <note> Ch. Grounds<lb/> VI <sic>Depretiation</sic></note></p><p><note> 20<lb/> 6. It will be dependable<lb/> proof<lb/> dependable of engagements<lb/> for paying future monies<lb/> <gap/> <gap/> cases<lb/> 1. Glut.<lb/> 2. Apprehension of<lb/>insolvency</note></p><p> <!-- note in red ink --> <sic>Depretiation</sic> contemporary )( subsequent:</p><p> <del>C<gap/> 2</del><lb/> 6. It will be <sic>depretiation</sic> <add> depression</add> proof.<lb/> This property is not indispensable <add> essential</add> to the existence<lb/> of a paper currency — to its occupation<lb/> in the way of circulation: for <del> instances exist</del> <lb/> of Government papers <del> that</del> no exist without it<lb/> witness Exchequer Bills, Navy, Transport and <lb/> Victualling Bills and Ordnance Debentures <add> and </add> What<lb/> <add> what</add> is more no Government paper has ever yet<lb/> existed with it. But this <add> the</add> property <add> in question</add> if not indispensably<lb/> essential <add> to the circulation of this paper</add> will at any rate be highly<lb/> conducive to it: more especially to the extent<lb/> <del><gap/></del> it aims at.</p> <!-- margin note in red ink --> <p><note>There is no instance<lb/> of a Government paper<lb/> issued only in proportion<lb/> to the demand<lb/> nor of which the <unclear>producer</unclear> <lb/> is <sic>employ'd</sic> in strengthening<lb/> the security, and<lb/> lessening the load of the<lb/>same commodity or market</note></p> <p> <note>21<lb/>No engagement<lb/> yet known possesses<lb/> the security<lb/> against <sic>depretiation</sic><lb/> by glut, that will<lb/> be possessed by <hi rend="underline">this</hi>.<lb/> See p. 24</note></p> <p><del> In speaking of it as <sic>depretiation</sic> proof<lb/> I can only</del><lb/><sic>Depretiation</sic>-proof, it certainly can <add> it must be confessed, it can</add><lb/> not be any further than the government, of<lb/> whose promises it is the vehicle is destruction<lb/> proof. And as the destruction of the government, <add> value of this paper will be destroyed by</add><lb/> <del>will destroy the value</del> so by any cause<lb/> that threatens immediate danger to the government<lb/> it <add> that value</add> will be liable to be diminished: invasion<lb/> for example or civil war.</p> <p><note> 22<lb/> As to <sic>depretiation</sic> by<lb/> apprehension of insolvency<lb/>1. This <add> does</add> not apply<lb/> more to this than <gap/> <lb/> engagement, than to<lb/> any other.</note></p> <p> But this besides being an extreme case, <add>consideration, besides its <gap/> to <add> being grounded on</add><lb/>can never be urged <add> regarded</add> as an objection against<lb/> the proposed <del>paper</del> <add>measure:</add> since it applies not to that<lb/> any more than to any other measure of government.</p><p><del>It operates rather as a recommendation <add> might rather to be regarded as a<lb/> circumstance of advantage<lb/> have</del> </p> | ||
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2ds 21
1
Ch. Grounds
VI Depretiation
20
6. It will be dependable
proof
dependable of engagements
for paying future monies
cases
1. Glut.
2. Apprehension of
insolvency
Depretiation contemporary )( subsequent:
C 2
6. It will be depretiation depression proof.
This property is not indispensable essential to the existence
of a paper currency — to its occupation
in the way of circulation: for instances exist
of Government papers that no exist without it
witness Exchequer Bills, Navy, Transport and
Victualling Bills and Ordnance Debentures and What
what is more no Government paper has ever yet
existed with it. But this the property in question if not indispensably
essential to the circulation of this paper will at any rate be highly
conducive to it: more especially to the extent
it aims at.
There is no instance
of a Government paper
issued only in proportion
to the demand
nor of which the producer
is employ'd in strengthening
the security, and
lessening the load of the
same commodity or market
21
No engagement
yet known possesses
the security
against depretiation
by glut, that will
be possessed by this.
See p. 24
In speaking of it as depretiation proof
I can only
Depretiation-proof, it certainly can it must be confessed, it can
not be any further than the government, of
whose promises it is the vehicle is destruction
proof. And as the destruction of the government, value of this paper will be destroyed by
will destroy the value so by any cause
that threatens immediate danger to the government
it that value will be liable to be diminished: invasion
for example or civil war.
22
As to depretiation by
apprehension of insolvency
1. This does not apply
more to this than
engagement, than to
any other.
But this besides being an extreme case, consideration, besides its to <add> being grounded on
can never be urged regarded as an objection against
the proposed paper measure: since it applies not to that
any more than to any other measure of government.
It operates rather as a recommendation <add> might rather to be regarded as a
circumstance of advantage
have
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Identifier: | JB/002/561/001"JB/" can not be assigned to a declared number type with value 2. |
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20-22 |
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002 |
Annuity Notes |
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561 |
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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. |
E1 / F21 |
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Jeremy Bentham |
1798 A<…> |
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Frances Wright |
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1798 |
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1300 |
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