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be gained and something to be lost by carrying | 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> | the redemption any further. <del>So long as the n</del> <unclear>As</unclear> | ||
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to so much interest as continues to be | to so much interest as continues to be undemanded , | ||
<lb/> | <lb/> | ||
the Debt <hi rend='underline'>ceases</hi> to be a burthen ; the taxes , from | the Debt <hi rend='underline'>ceases</hi> to be a burthen ; the taxes , from | ||
<lb/> | <lb/> | ||
which the | which the redemption money would be to come , <hi rend='underline'>are</hi> | ||
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a burthen : and the paper taken out of the circulation | a burthen : and the paper taken out of the circulation | ||
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by the redemption would be so much taken <del><unclear> | by the redemption would be so much taken <del><unclear>wit</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 | much <add>so ,</add> as if gold to that amount , after having been | ||
<lb/> | <lb/> | ||
received by government | received by government in the sum of taxes <unclear>were</unclear> to | ||
<lb/> | <lb/> | ||
be thrown into the till. A defalcation made to any | be thrown into the till. A defalcation made to any | ||
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productive of inconvenienc<del>ces</del> such as it would | 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 | not be easy to 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 | ||
<lb/> | <lb/> | ||
have been attributed to the diminution in the | have been attributed to the diminution in the | ||
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 As
to so much interest as continues to be undemanded ,
the Debt ceases to be a burthen ; the taxes , from
which the redemption money would be to come , are
a burthen : and the paper taken out of the circulation
by the redemption would be so much taken wit of from the mass of circulating capital : as
much so , as if gold to that amount , after having been
received by government in the sum 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 to 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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