★ Find a new page to transcribe in our list of Untranscribed Manuscripts
No edit summary |
No edit summary |
||
| Line 7: | Line 7: | ||
<p>These several <del>modifications</del> ways of allowing interest <lb/>I give rather for the purpose of illustration, <lb/>and to <sic>compleat</sic> the view of the subject than as supposing <add>expecting</add> <lb/>that any one of them will be deemed preferable<lb/> to the <add>most</add> simple and most <del>exp</del> advantageous <del>source</del> <add><unclear>even</unclear> <add>expedient</add></add> <lb/><add>experiment</add> of a paper without interest. <del>It has</del> </p> | <p>These several <del>modifications</del> ways of allowing interest <lb/>I give rather for the purpose of illustration, <lb/>and to <sic>compleat</sic> the view of the subject than as supposing <add>expecting</add> <lb/>that any one of them will be deemed preferable<lb/> to the <add>most</add> simple and most <del>exp</del> advantageous <del>source</del> <add><unclear>even</unclear> <add>expedient</add></add> <lb/><add>experiment</add> of a paper without interest. <del>It has</del> </p> | ||
<p><add><del>It has been shewn that there is and I hope</del></add> It has I hope been <del>t</del> made pretty apparent,<lb/> that there can be no reason for supposing that interest<lb/> should be necessary. But if not necessary, besides being <lb/>so much thrown away it may be doubted whether instead <lb/>of <del>be</del> promoting the circulation, it might not tend rather <lb/>to impede it. <del>Gan</del> Allow interest and you put the<lb/> paper <hi rend='underline'><foreign>per tanto</foreign></hi> upon the footing of the present Exchequer <lb/>Bills: — you bring it into comparison with<lb/> Exchequer Bills, and the comparison <add>is</add> in point of interest<lb/> seen immediately to be to its disadvantage. Nay <lb/>Exchequer Bills we may make from <del><gap/> to <gap/> </del> so to be 1/2 <lb/>per Cent interest: by <del>these</del> this new paper not so much <lb/>as 2 per Cent. This disadvantage strikes at first sight <lb/>and is within the reach of every observer: the expected <lb/>advantage expected to arise of in point of <add>superior</add> facility of<lb/> | <p><add><del>It has been shewn that there is and I hope</del></add> It has I hope been <del>t</del> made pretty apparent,<lb/> that there can be no reason for supposing that interest<lb/> should be necessary. But if not necessary, besides being <lb/>so much thrown away it may be doubted whether instead <lb/>of <del>be</del> promoting the circulation, it might not tend rather <lb/>to impede it. <del>Gan</del> Allow interest and you put the<lb/> paper <hi rend='underline'><foreign>per tanto</foreign></hi> upon the footing of the present Exchequer <lb/>Bills: — you bring it into comparison with<lb/> Exchequer Bills, and the comparison <add>is</add> in point of interest<lb/> seen immediately to be to its disadvantage. Nay <lb/>Exchequer Bills we may make from <del><gap/> to <gap/> </del> so to be 1/2 <lb/>per Cent interest: by <del>these</del> this new paper not so much <lb/>as 2 per Cent. This disadvantage strikes at first sight <lb/>and is within the reach of every observer: the expected <lb/>advantage expected to arise of in point of <add>superior</add> facility of<lb/> circulation from the smallness of the sum, or from<lb/> the faculty of obtaining payment of principal or interest <lb/>or both, upon demand is matter of inference and reasoning,<lb/> and comes not within the reach <add>grasp</add> of every eye. </p> | ||
31
These several modifications ways of allowing interest
I give rather for the purpose of illustration,
and to compleat the view of the subject than as supposing expecting
that any one of them will be deemed preferable
to the most simple and most exp advantageous source even <add>expedient</add>
experiment of a paper without interest. It has
It has been shewn that there is and I hope It has I hope been t made pretty apparent,
that there can be no reason for supposing that interest
should be necessary. But if not necessary, besides being
so much thrown away it may be doubted whether instead
of be promoting the circulation, it might not tend rather
to impede it. Gan Allow interest and you put the
paper per tanto upon the footing of the present Exchequer
Bills: — you bring it into comparison with
Exchequer Bills, and the comparison is in point of interest
seen immediately to be to its disadvantage. Nay
Exchequer Bills we may make from to so to be 1/2
per Cent interest: by these this new paper not so much
as 2 per Cent. This disadvantage strikes at first sight
and is within the reach of every observer: the expected
advantage expected to arise of in point of superior facility of
circulation from the smallness of the sum, or from
the faculty of obtaining payment of principal or interest
or both, upon demand is matter of inference and reasoning,
and comes not within the reach grasp of every eye.
|
Identifier: | JB/002/376/001"JB/" can not be assigned to a declared number type with value 2. |
|||
|---|---|---|---|
|
not numbered |
|||
|
002 |
annuity notes |
||
|
376 |
|||
|
001 |
|||
|
text sheet |
1 |
||
|
recto |
e31 |
||
|
jeremy bentham |
|||
|
1115 |
|||
