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28
Mr Bentham's Plan for preventing Forgery of Paper Money.
still fail of being sufficient to prevent the forging and passing
off spurious or falsified Notes of the same class.
2
How the pre-existing
Stock might be called in.
On the other hand, though it would not be in the power of
the Bank to make the invitation strictly speaking obligatory, it might nevertheless
be perhaps practicable to give it such a degree of efficacy, as might
be tolerable adequate to the purpose. — What they could not do
in any instance is — on their own part to refuse payment of a Note
they had once issued: — but what they might do, is — by proper advertisements
to cast such a shade of suspicion upon all such Notes, of any
given class, as, after being so called in, should not be sent in accordingly,
as would very much indeed their progress in the circulation, render
them a troublesome property to hold in hand, and thereby give to the
motives for complying with the call, such a degree of force as would in
very few instances be resisted. —
But the stronger the discredit thus thrown upon the few
remaining genuine Notes of any such class, the greater is the difficulty
and danger, that would attach upon any attempt to pass off a spurious
and falsified Note of the same class. — And thus through the security
given to emissions made on the new plan, would not, in a compleat
degree, nor in a direct way, extend itself over the old Stock, yet in an
indirect way, and to a very considerable extent, it would probably be
productive of that desirable effect. —
When, in consequence of any such call, the number of outstanding
Notes of any such given class had been to such a degree reduced, that
a list of them would not be too long for an advertisement, the list
of such Notes, as distinguished by their respective numbers and other characteristic
Identifier: | JB/003/355/002"JB/" can not be assigned to a declared number type with value 3. |
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manual of political economy |
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355 |
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002 |
limits to compleat success - i outstanding notes |
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copy/fair copy sheet |
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recto |
f27 / f28 |
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1798 am |
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1798 |
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1765 |
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