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that in its view of that convenience the | that in its view of that convenience the | ||
<lb/> | <lb/> | ||
dangers that <del>atended</del | dangers that <del>atended</del> attendant are apt to | ||
<lb/> | <lb/> | ||
be overlooked , and the disruption to receive it | be overlooked, and the disruption to receive it | ||
<lb/> | <lb/> | ||
is found in practice to <del>outstrip</del> <add>go beyond</add> rather than | is found in practice to <del>outstrip</del> <add>go beyond</add> rather than | ||
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fall short of the mark prescribed by prudence . | fall short of the mark prescribed by prudence. | ||
<lb/> | <lb/> | ||
In <del>Baltimore in Maryland</del> the American town | In <del>Baltimore in Maryland</del> the American town | ||
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"is so great, <add>(according to Mr Wild)<hi rend='superscript'>+</hi></add> <note><hi rend='superscript'>+</hi> Travels in America I 45 2<hi rend='superscript'>d</hi> Edit <unclear>.</unclear><!-- full stop here or a mark on the page ? --> 8<hi rend='superscript'>00</hi></note> "as almost to preclude the circulation | "is so great, <add>(according to Mr Wild)<hi rend='superscript'>+</hi></add> <note><hi rend='superscript'>+</hi> Travels in America I 45 2<hi rend='superscript'>d</hi> Edit <unclear>.</unclear><!-- full stop here or a mark on the page ? --> 8<hi rend='superscript'>00</hi></note> "as almost to preclude the circulation | ||
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"of | "of specie. Some of the notes are for so | ||
<lb/> | <lb/> | ||
"small a sum as a single Dollar , and being | "small a sum as a single Dollar, and being | ||
<lb/> | <lb/> | ||
"much more portable than silver , are generally | "much more portable than silver, are generally | ||
<lb/> | <lb/> | ||
"preferred". | "preferred". | ||
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prohibits <add>on the part of individuals</add> the issuing of notes for a less sum | prohibits <add>on the part of individuals</add> the issuing of notes for a less sum | ||
<lb/> | <lb/> | ||
than £8 in <del>Scotland</del> <add>England</add> and <del>2.</del> £1 in Scotland . | than £8 in <del>Scotland</del> <add>England</add> and <del>2.</del> £1 in Scotland. | ||
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Notes <del>for</del> <add>(according to Adam Smith)<hi rend='superscript'>++</hi><!-- rotate the double-cross 90 degrees --></add> <note><hi rend='superscript'>++</hi><!-- rotate the double-cross 90 degrees --> <add>Vol</add> II p. 487. 8<hi rend='superscript'>00</hi></note> were issued in Scotland for | Notes <del>for</del> <add>(according to Adam Smith)<hi rend='superscript'>++</hi><!-- rotate the double-cross 90 degrees --></add> <note><hi rend='superscript'>++</hi><!-- rotate the double-cross 90 degrees --> <add>Vol</add> II p. 487. 8<hi rend='superscript'>00</hi></note> were issued in Scotland for | ||
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even as low as 6<hi rend='superscript'>d</hi>: a sum as low as the | even as low as 6<hi rend='superscript'>d</hi>: a sum as low as the | ||
<lb/> | <lb/> | ||
lowest silver coin in circulation , and which | lowest silver coin in circulation, and which | ||
<lb/> | <lb/> | ||
<del>stands</del> <add><unclear>occupies</unclear></add> the lowest place in the proposed series of | <del>stands</del> <add><unclear>occupies</unclear></add> the lowest place in the proposed series of | ||
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Annuity Notes . It was because the propensity | Annuity Notes. It was because the propensity | ||
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to prefer paper to metals <add>cash</add> went <add>[+] <note><hi rend='superscript'>[+]</hi> as it seemed to the | to prefer paper to metals <add>cash</add> went <add>[+] <note><hi rend='superscript'>[+]</hi> as it seemed to the legislators</note> so much</add> beyond the | ||
<lb/> | <lb/> | ||
mark prescribed by prudence, that the Act above | mark prescribed by prudence, that the Act above | ||
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paper was commonly issued for so small a sum as | paper was commonly issued for so small a sum as | ||
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a shilling , and filled almost the whole of the circulation <add>And this , although in none of these instances was any interest to be made by it .</add><!-- note that the text is written vertically up the right hand margin from the word 'instances' --> | a shilling, and filled almost the whole of the circulation <add>And this, although in none of these instances was any interest to be made by it.</add><!-- note that the text is written vertically up the right hand margin from the word 'instances' --> | ||
<lb/></p> | <lb/></p> | ||
44
Note
Annuity Notes
Not
Ch: Gover VII 40 Propensity of the public to receive paper money proved by examples Scotland America - Yorkshire (a) Paper money has is in so many respects so
much more convenient than metallic money
that in its view of that convenience the
dangers that atended attendant are apt to
be overlooked, and the disruption to receive it
is found in practice to outstrip go beyond rather than
fall short of the mark prescribed by prudence.
In Baltimore in Maryland the American town
of Baltimore where "there are three incorporated
"Banks the number of notes issued from them
"is so great, (according to Mr Wild)+ + Travels in America I 45 2d Edit . 800 "as almost to preclude the circulation
"of specie. Some of the notes are for so
"small a sum as a single Dollar, and being
"much more portable than silver, are generally
"preferred".
Before the Act of Parliament // // Geo. 3. ch - which wanted
prohibits on the part of individuals the issuing of notes for a less sum
than £8 in Scotland England and 2. £1 in Scotland.
Notes for (according to Adam Smith)++ ++ Vol II p. 487. 800 were issued in Scotland for
sums as low as 10s and 5s, and in Yorkshire
even as low as 6d: a sum as low as the
lowest silver coin in circulation, and which
stands occupies the lowest place in the proposed series of
Annuity Notes. It was because the propensity
to prefer paper to metals cash went [+] [+] as it seemed to the legislators so much beyond the
mark prescribed by prudence, that the Act above
mentioned was passed for the purpose of curbing
it. In the currencies of North America (he adds)
paper was commonly issued for so small a sum as
a shilling, and filled almost the whole of the circulation And this, although in none of these instances was any interest to be made by it.
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Identifier: | JB/002/584/001"JB/" can not be assigned to a declared number type with value 2. |
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40 |
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002 |
Annuity Notes |
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584 |
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001 |
Note |
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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. |
F44* |
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Jeremy Bentham |
<…>M 1798 |
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Frances Wright |
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1794 |
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1323 |
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