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under construction ...
125
Whatever takes Stock out of the market without
taking out or keeping back the equivalent in money, adds in proportion to the price
of Stocks . The proposed measure takes Stock out of
the market without either taking out or keeping back
money : it therefore adds in proportion to the price of
Stocks.
True it is , that even previously to the absorption of Stock Annuities,
which it takes out of the market, it creates has created other
Annuities to a considerable part of the amount;
[and for it is only with the money for these New
Annuities, that it takes out the Old. the Old are taken out.] But of the money
thus raised for the New Annuities , is not
there is not any part any part of it taken from the any money that no could
have gone to market for Old Annuities : because,
while Stocks under par, no money that can
be employ'd with advantage in the purchase of Stock ,
can be employd without otherwise than to a disadvantage, in the purchase of the inferior
rate of interest afforded by the proposed Note Annuities. Any
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Identifier: | JB/002/223/001"JB/" can not be assigned to a declared number type with value 2. |
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1800-09-26 |
2 |
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002 |
Annuity Notes |
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223 |
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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. |
F125 |
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Jeremy Bentham |
1798 A<…> |
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Frances Wright |
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1798 |
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962 |
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