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the amount of them what it will do not add to
the quantity of money hard cash "promised — promised
to be paid on demand: they do not therefore
on being thrown in to the circulation, take any
thing from the quantity of paper money which
the given quantity of hard cash is able to support
—to the with which the total mass
of paper money acts as the total mass of hard
cash.
These Annuity Notes then so far as the
Bank took advantage of them
of the issue of them withdrew out of the circulation
it notes of £10 and upwards, replacing
them by small notes would add to the circulation
national wealth in respect of its circulating capital
a quantity to the amount equal to that of the
Bank notes of £10 and upwards which it served
to replace. If the Bank [+]{+]of England as well as other B known Banking Houses neglected to make this
change, then for instance if the Bank withdrew
as it would find itself itself obliged to do a fraction
of its large notes, as above described, and at the same omitted to
replace them by an equal amount of small ntoes,
then in addition would be made — not to the
mass of national wealth, but to its : since
the same quantity of hard cash would have a
less quantity of paper money to support. Thus
Identifier: | JB/002/417/001"JB/" can not be assigned to a declared number type with value 2. |
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002 |
annuity notes |
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417 |
[[info_in_main_headings_field::art. 11 presence[?]]] |
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001 |
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text sheet |
1 |
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recto |
d11 / e5 |
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jeremy bentham |
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1156 |
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