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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 | principal notwithstanding and a principal correspond<del>ent</del><lb/> | ||
<add>-ding to</add> <del>to | <add>-ding to</add> <del>to its</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>belonging</unclear> to it - that is - | value really <unclear>belonging</unclear> to it - that is - <unclear>then the</unclear><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 it will<lb/> | as to be adapted to the purchase of it 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>share</add> of | greater or less portion<add><unclear>share</unclear></add> of <unclear>time</unclear> 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/> | ||
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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 itsthe 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 - then the
value which a person whose money is so circumstanced
as to be adapted to the purchase of it 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 time 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.
That 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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