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1824 August Sept.3
Constitutional Code Ch. XI. Ministers severally
S.13 Finance Minister
Function
refuctive an
Monetal
Instructional and Ratiocinative
If, consideration had of the nature of the service is the
nature of the arrangements made in relation to it, as to al Art 19 If by means of
custodient functionaries
bondsmen, all risk of loss
or delay of payment be guarded
against, — there seems no
reason why no lending out
the money should not be
permitted
at the same time clear, that by the property of the the eventually chargeable bondsman
of the custodient functionary all risk of loss is secured
against, and that it will not be in thehis power of the to retard by
any contrivance of the emission of the money — all the being
supposed there seems no reason why the case of it without
is to the lending it out should not be permitted: especially
as even that case the greater the profit to him by such
use, the more advantageous to the public will eventually be
the terms in which a person will change himself with
the states of the office
Instructional
In relation to the quantity of money of all sorts, the Art. 11 For every sum
of vicariously valuable money
which the Legislature will
think fit to substitute for
intrinsically valuable, the
corresponding sum of
intrinsically valuable
shall be kept out of circulation
Legislation will on each occasion consider with itself, where
it is cts done that such quantitythat sum should, from its own operation receive
is not. If not it will so order matters that for
every sum put into circulation in the shape of vicariously valuable proper money
in equal sum that would otherwise have let p
in circulation in the shape of intrinsically valuable
money shall be kept out of circulation
Instructional and Ratiocinative
In this case and by the substitution his distinguishable advantage Art 12 Advantages of
such substitution
1. Saving of expence
of conveyance
2. Security against
spurious fabrication
may be obtained
1. One is the saving upon thethe expence of conveyance
2. The other is the superior security against spurious fabrication.
But for the purpose it is material if not necessary, that the
masses in which it value assigned to the several
separately taken should be greater than that of the any piece of
intrinsically valuable money, and the greater the value, the greater
the advantage in this shape: for the greater the value, the fewer the
hands it will have to pass through and the easier it will be to trace
it from hand to hand.
Identifier: | JB/042/116/001"JB/" can not be assigned to a declared number type with value 42. |
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1824-09-03 |
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instructional and ratiocinative |
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jeremy bentham |
j whatman turkey mill 1824 |
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admiral pavel chichagov |
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1824 |
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