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<head>5 Remedies</head> | |||
<p>otherwise have been <sic>employd</sic> upon private paper,<lb/> | |||
upon Exchequer Notes: but this <del>can</del> <add>will</add> hardly be found<lb/> | |||
to be the case. <del><gap/> upon private Notes is already<lb/> | |||
at 5 per cent and before the law will not suffer<lb/> | |||
it to be</del> Unless the influx of money upon private<lb/> | |||
Bills were to lower the discount upon such bills, no<lb/> | |||
such influx could <add><unclear>tend to</unclear></add> throw out any money out of that<lb/> | |||
market into any other. But it does not seem likely<lb/> | |||
that any such influx should produce any such <add><unclear>depression</unclear></add> fall<lb/> | |||
for whole stocks are <sic>to</sic> low as to pay almost 5 per<lb/> | |||
cent and <unclear>Navy</unclear> Bills 1/4 per cent more, the probability<lb/> | |||
is that a quantity and that a very considerable<lb/> | |||
one of undoubted <gap/> Bills <del>go underestimated are</del><lb/> | |||
are unable to meet with discounters: so many, that<lb/> | |||
all the money that can be <gap/> out of the <add><unclear>Navy</unclear> Bill</add> market<lb/> | |||
for <unclear>Navy</unclear> Bills will not be sufficient to fill up the <add>answer the<lb/> | |||
demand</add> gap.</p> | |||
<p>On the other hand it must be allowed that<lb/> | |||
private Bills are not the money of every man<lb/> | |||
whose money <unclear>Navy</unclear> Bills and Exchequer Bills are.<lb/> | |||
For when a man has once parted with his money<lb/> | |||
by discounting of a private Bill, say that has<lb/> | |||
6 weeks to run, he <del>can not</del> has no way of getting<lb/> | |||
it back during the 6 weeks: whereas when he has<lb/> | |||
<unclear>lend</unclear> it out in the purchase of <unclear>Navy</unclear> Bills or<lb/> | |||
Exchequer Bills one day, he may get it back the<lb/> | |||
next of any sudden occasion for calling on his money<lb/> | |||
should present itself. Upon the whole then the probability <add>seems</add> | |||
</p> | |||
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{{Metadata:{{PAGENAME}}}} | {{Metadata:{{PAGENAME}}}} | ||
5 Remedies
otherwise have been employd upon private paper,
upon Exchequer Notes: but this can will hardly be found
to be the case. upon private Notes is already
at 5 per cent and before the law will not suffer
it to be Unless the influx of money upon private
Bills were to lower the discount upon such bills, no
such influx could tend to throw out any money out of that
market into any other. But it does not seem likely
that any such influx should produce any such depression fall
for whole stocks are to low as to pay almost 5 per
cent and Navy Bills 1/4 per cent more, the probability
is that a quantity and that a very considerable
one of undoubted Bills go underestimated are
are unable to meet with discounters: so many, that
all the money that can be out of the Navy Bill market
for Navy Bills will not be sufficient to fill up the answer the
demand gap.
On the other hand it must be allowed that
private Bills are not the money of every man
whose money Navy Bills and Exchequer Bills are.
For when a man has once parted with his money
by discounting of a private Bill, say that has
6 weeks to run, he can not has no way of getting
it back during the 6 weeks: whereas when he has
lend it out in the purchase of Navy Bills or
Exchequer Bills one day, he may get it back the
next of any sudden occasion for calling on his money
should present itself. Upon the whole then the probability seems
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Identifier: | JB/002/363/001"JB/" can not be assigned to a declared number type with value 2. |
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002 |
Annuity Notes |
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363 |
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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. |
E5 |
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Jeremy Bentham |
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1102 |
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