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<head>1826. June 20</head><lb/> | <head>1826. June 20</head><lb/> | ||
<head>Constitutional Code.</head> <note>Ch. <del>iX</del> <add>Xi</add>Ministers severally<lb/> | <head>Constitutional Code.</head> <note>Ch. <del>iX</del> <add>Xi</add><!-- Pencil insert -->Ministers severally<lb/> | ||
S.13 Finance Minister </note><lb/> | S.13 <!-- Pencil insert -->Finance Minister </note><lb/> | ||
<p>Money 1. actual<add>real</add> in effects & <unclear> | <p>Money 1. actual<add>real</add> in effects & <unclear>promissery</unclear></p> | ||
<p>If instead <add> | <p>If instead <add><unclear>antecedently</unclear> by the Bank <gap/></add>of borrowing the money <add>promissary</add> of the Bank Government <note>Art 19 If instead of<lb/> | ||
borrowing money of the<lb/> | borrowing money of the<lb/> | ||
Bank Government had<lb/> | Bank Government had<lb/> | ||
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loss of credit would have<lb/> | loss of credit would have<lb/> | ||
been greater than the<lb/> | been greater than the<lb/> | ||
saving of interest.</note><lb/> | saving of the interest.</note><lb/> | ||
had effect <del>the <gap/></del> on its own credit <add>promissary money a</add> the same < | had effect <del>the <gap/></del> on its own credit <add>promissary money a</add> the same <unclear>quantity</unclear> <lb/> | ||
it would have said, could it have found credit, the <del>on</del> amount<lb/> | it would have said, could it have found credit, the <del>on</del> amount<lb/> | ||
of interest. But <add>while</add> Government could not have found credit, the<lb/> | of interest. But <add>while</add> Government could not have found credit, the<lb/> | ||
Bank was by various circumstances enabled to find credit<lb/> | Bank was by various circumstances enabled to find credit<lb/> | ||
Government had it not been for the Bank, Government to < | Government had it not been for the Bank, Government to <unclear>circulate</unclear><lb/> | ||
the same quantity of money would have done so at such a<lb/> | the same quantity of money would have done so at such a<lb/> | ||
loss of credit as would greatly have overbalanced what it<lb/> | loss of credit as would greatly have overbalanced what it<lb/> | ||
paid to the Bank for interest. Had it not been for the Bank<lb/> | paid to the Bank for interest. Had it not been for the Bank<lb/> | ||
English Government money | English Government money would have run the same course a <lb/> | ||
to at the time of the Prussian War the United States government<lb/> | to at the time of the Prussian War the United States government<lb/> | ||
money did, and at the time of the French Revolution <del>was</del> the<lb/> | money did, and at the time of the French Revolution <del>was</del> the<lb/> | ||
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<p><gap/> Topics remaining to be handled</p> | <p><gap/> Topics remaining to be handled</p> | ||
<p>1. Tra<gap/> not meaning <gap />— | <p>1. Tra<gap/> not meaning <gap />— Examples 1. Money circulating at going<lb/> | ||
table. 2. May <gap/> by A. to B. by B. to C. &c without being employed<lb/> | table. 2. May <gap/> by A. to B. by B. to C. &c without being employed<lb/> | ||
in purchase and <gap/> an example, or <gap/> <gap/></p> | in purchase and <gap/> an example, or <gap/> <gap/></p> | ||
1826. June 20
Constitutional Code. Ch. iX XiMinisters severally
S.13 Finance Minister
Money 1. actualreal in effects & promissery
If instead antecedently by the Bank of borrowing the money promissary of the Bank Government Art 19 If instead of
borrowing money of the
Bank Government had
paid bills of its own
credit, the consequent
loss of credit would have
been greater than the
saving of the interest.
had effect the on its own credit promissary money a the same quantity
it would have said, could it have found credit, the on amount
of interest. But while Government could not have found credit, the
Bank was by various circumstances enabled to find credit
Government had it not been for the Bank, Government to circulate
the same quantity of money would have done so at such a
loss of credit as would greatly have overbalanced what it
paid to the Bank for interest. Had it not been for the Bank
English Government money would have run the same course a
to at the time of the Prussian War the United States government
money did, and at the time of the French Revolution was the
French Government money did
Topics remaining to be handled
1. Tra not meaning — Examples 1. Money circulating at going
table. 2. May by A. to B. by B. to C. &c without being employed
in purchase and an example, or
2. Profit and loss of government by employment of depret money
depretiated by self-lending for government use
3. Government derived a time of need the above advantage
from the great old Bank: how it never did nor ever can
derive the same advantage from the little new Banks — all
the profit was and is so much waste
4. Quere why individuals in general have you so the
Bank that credit which they would not have give to Government.
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jeremy bentham |
j whatman turkey mill 1824 |
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admiral pavel chichagov |
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