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Art.14 28
Annuity Notes
Art. 14. p 5 [ ] [....Credit....fully established
charged with intervening interest —]
At the opening of the proposed Annuity Note market
and before the paper had come into General credit
the attempt giving to give it currency in the Government
offices would be at once unnecessary useless<add>inefficiacious prejudicial to the order</add> and dangerous
to public credit: — unnecessary, because there seems no doubt
of its coming into universal use without any such aid and
prejudicial to the end in as inefficacious, because of
it w could not gain footing without the aid in
question neither would it be able to gain footing
by means of such aid: prejudicial, because the
to the end in view, because the leaving add
recourse to a means of circulation thus forced
imparts a sort of consciousness that without such
forced assistance it would not be able to make its
own way: Dangerous to public credit, because in
as far as this paper were to be received on the
footing of cash in the offices in question, a dependance
would of course be placed on it as such, and in
dependence, and a dependence which, if by any
accident it ever came to be disappointed would
be attended with that unpleasant consequence.
On the other hand, upon the attempt to re-open it from
the Offices, it might come to experience a refusal: while
on the other hand, and of course from the whatever cause produce the
refusal was it would be in to the office
to the exclusion of all other currency.
Ann Forces
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Identifier: | JB/002/423/001"JB/" can not be assigned to a declared number type with value 2. |
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Not numbered |
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002 |
Annuity Notes |
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423 |
Art. 14 |
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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. |
F28 |
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Jeremy Bentham |
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1162 |
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