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Abstract
4(b)
Incapacity of Stock
to answer the purpose
of paper money-
Note (a) to p. 152
[ ] It is a fact no less curious than true, that by a mere collateral,
circumstance, such as the mode of transfer appreciated, and the nature Ch. XII
of the evidence required in proof of note, the nature of the species of
() property in itself the same in both cases, should undergo so much
a change. Without a degree of expence, destructive of a
part or the whole, or even more that the whole of the value,
Stock, as we have seen, can not be divided broken
down into portionsmasses<add>those <add>small and variable into which
<add>diversified portions into money is, and must be divided: nor can it, be
trans at any expence, be either bought or sold, on
any time occasion<add>all times</add> without loss of time, and the obligating personal attendance at one
certain place, the same in the all casesfor the whole island wheresoever
-soever the residence of the parties happens to be in each instance [+] the parties have their residence [+] Annuity [+] It can not be
carried about by
a man in his pocket
and so, like so much cash distributed
among any number
of hands, at the very
momentinstant the occasion
for each disbursement
Note paper, like cash and BAnk of England paper
but still more ductiledivisible, is already broken down into
a multitude of portions still more various and commensurate
to all purposes: and like cash is to be had at all
times and in all places.
