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by using it for a time, till more should<lb/> | by using it for a time, till more should<lb/> | ||
come in to replace, saving himself <add>keeping himself clear </add> from <add>out of</add> a temporary<lb/> distress.</p> | come in to replace, saving himself <add>keeping himself clear </add> from <add>out of</add> a temporary<lb/> distress.</p> | ||
In the second place, the <unclear>Cost</unclear> of B, <add>in the way of accumulation</add> draws with<lb/> | |||
it a train of numberless derivative losses. Let<lb/> | |||
B be a <del><unclear>trinket</unclear> maker</del> <add>maker of hardware</add> at Birmingham, who<lb/> | |||
cannot get money to buy iron: there are his<lb/> | |||
men who cannot get the money they <del>used to</del> <add>would</add> receive<lb/> | |||
for the making of the <del><unclear>trinkets</unclear></del> <add>wares</add>, | |||
Click Here To Edit INSOLVENCY.
As one man is the same to the State as another
man, mans's interest as another man's interest
it is no matter to the State whether B.
who borrowed the money or L who lent it have
it at the long run, supposing as it supposed that things to be so order'd,
that the punishment shall not be such as that B, knowing & expecting it the punishment,
can think it worth his while to incur it
for the profit of the delinquency. If it be, that is if it be perceived so to be, by persons in the -ation of L, especially
after having once been otherwise, from
that moment Credit must receive a shock,
more or less severe, as the inequality of that
punishment to that profit stands more or less
confessed — In more particular language, L, seeing
that if he lends his money to B, B as far as
depends upon the Law, having no a clear Interest but
to return repay it the money, to will keep it to himself.
By this means a double Cost is sustained incurred in
the first place: one by L who loses the profit
INSOLVENCY
---page break---
INSOLVENCY
he might have had for the hire of his money:
another of B, who loses the advantage he would
have had from the use of the it either in the
way of accumulation 2, by laying it out in
bargains commodities which sold again would produce more
than an equivalent; or in the way of conservation 1
by using it for a time, till more should
come in to replace, saving himself keeping himself clear from out of a temporary
distress.
In the second place, the Cost of B, in the way of accumulation draws with
it a train of numberless derivative losses. Let
B be a trinket maker maker of hardware at Birmingham, who
cannot get money to buy iron: there are his
men who cannot get the money they used to would receive
for the making of the trinkets wares,
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Identifier: | JB/070/281/001"JB/" can not be assigned to a declared number type with value 70. |
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070 |
of laws in general |
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281 |
insolvency |
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001 |
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text sheet |
1 |
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recto |
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jeremy bentham |
[[watermarks::[lion with vryheyt motif]]] |
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23396 |
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