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To this it may be answered that the instance<lb/> | To this it may be answered that the instance<lb/> | ||
of the existing Stock Annuities is sufficient to prove<lb/> | of the existing Stock Annuities is sufficient to prove<lb/> | ||
that a security which binds<add>being good for<lb/> interest<add> | that a security which binds<add>being good for<lb/> interest<add>though</add> nobody to the payment<lb/> | ||
of any principal corresponding to that to that interest will<lb/> | of any principal corresponding to that to that interest will<lb/> | ||
notwithstanding when brought to market yield a<lb/> | notwithstanding when brought to market yield a<lb/> | ||
principal notwithstanding and a principal correspondent<lb/> | principal notwithstanding and a principal correspondent<lb/> | ||
<add>-ding to</add> <del>to this</del><add>the</add> value of the annuity so <unclear> | <add>-ding to</add> <del>to this</del><add>the</add> value of the annuity so <unclear>secured</unclear>:- that<lb/> | ||
this point being <add>thus</add> established, the only point remaining <lb/> | this point being <add>thus</add> established, the only point remaining <lb/> | ||
in question is whether the value then put upon<lb/> | in question is whether the value then put upon<lb/> | ||
the proposed <gap/> of annuity is greater<add>or as not</add> than the<lb/> | the proposed <gap/> of annuity is greater<add>or as not</add> than the<lb/> | ||
value really <unclear> | value really <unclear>belonging</unclear> to it - that is - thus the<lb/> | ||
value which a person whose money is so <unclear>circumstanced</unclear><lb/> | value which a person whose money is so <unclear>circumstanced</unclear><lb/> | ||
as to be adapted to the purchase of the will<lb/> | as to be adapted to the purchase of the will<lb/> | ||
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put upon is not greater than the value really<lb/> | put upon is not greater than the value really<lb/> | ||
belonging to it - the number of persons who for a<lb/> | belonging to it - the number of persons who for a<lb/> | ||
greater or less portion<add> | greater or less portion<add>share</add> of him have a greater or less<lb/> | ||
mass of money so circumstanced as to be adapted to<lb/> | mass of money so circumstanced as to be adapted to<lb/> | ||
the purchase of it is equal to the whole number of <lb/> | the purchase of it is equal to the whole number of <lb/> | ||
the persons <add>individuals in the community without any conception worth</add> who have any<add>at any time</add> <del>within <gap/></del> money at<lb/> | the persons <add>individuals in the community without any conception worth <gap/>andery</add> who have any<add>at any time</add> <del>within <gap/></del> money at<lb/> | ||
all | all at their disposal - that to all persons<lb/> | ||
paper ad<gap/>ery it to be as good is preferable to cash.<lb/> | paper ad<gap/>ery it to be as good is preferable to cash.<lb/> | ||
<gap/> to all persons a paper yielding interest<add>a mass of</add> <unclear>however</unclear><lb/> | <gap/> to all persons a paper yielding interest<add>a mass of</add> <unclear>however</unclear><lb/> | ||
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that all person <del>into</del> through whose hands money<lb/> | that all person <del>into</del> through whose hands money<lb/> | ||
in any quantity is in use to pass have at our<lb/> | in any quantity is in use to pass have at our<lb/> | ||
<unclear> | <unclear>time</unclear> or other some money of which they could<lb/> | ||
not in any other way much <del><gap/></del><add>so great a mass of</add> interest<lb/> | not in any other way much <del><gap/></del><add>so great a mass of</add> interest<lb/> | ||
with so great<add>perfect</add> in degree of security - and other money<lb/> | with so great<add>perfect</add> in degree of security - and other money<lb/> | ||
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To this it may be answered that the instance
of the existing Stock Annuities is sufficient to prove
that a security which bindsbeing good for
interest<add>though nobody to the payment
of any principal corresponding to that to that interest will
notwithstanding when brought to market yield a
principal notwithstanding and a principal correspondent
-ding to to thisthe value of the annuity so secured:- that
this point being thus established, the only point remaining
in question is whether the value then put upon
the proposed of annuity is greateror as not than the
value really belonging to it - that is - thus the
value which a person whose money is so circumstanced
as to be adapted to the purchase of the will
find it his interest to give - that the value thus
put upon is not greater than the value really
belonging to it - the number of persons who for a
greater or less portionshare of him have a greater or less
mass of money so circumstanced as to be adapted to
the purchase of it is equal to the whole number of
the persons individuals in the community without any conception worth andery who have anyat any time within money at
all at their disposal - that to all persons
paper adery it to be as good is preferable to cash.
to all persons a paper yielding interesta mass of however
small is preferable to a paper yielding none -
that all person into through whose hands money
in any quantity is in use to pass have at our
time or other some money of which they could
not in any other way much so great a mass of interest
with so greatperfect in degree of security - and other money
of which it would be altogether but of their power in
any other way to make any interest at all - think then
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Identifier: | JB/002/530/001"JB/" can not be assigned to a declared number type with value 2. |
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002 |
Annuity Notes |
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530 |
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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. |
E2 |
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Jeremy Bentham |
1798 A<…> |
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Frances Wright |
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1798 |
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1269 |
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