JB/003/169/001

Click Here To Edit

5 Aug. 1801

Note continued

5. That the effect of a defalcation, if copious
and sudden, from the mass of money in circulation,
would be productive of more pressure, as
well as more danger to in respect of general
Bankruptcy, than an excessive addition to the same
amount: and that if such addition
were to have the effect of bringing on such a
catastrophe, a sudden and copious defalcation
would be among the first effects of the defalcation addition
and immediate causes of the catastrophe.

6. That a simple stoppage of the encrease of money
by Bank and Bankers paper money, would
at once stop the rise of prices,⊞ ⊞ (taken in the aggregate,) and dispell the
danger of General Bankruptcy: nor would it be productive
of any inconvenience, beyond what the
particular inconvenience of stopping resulting from the stoppage of the current of
pernicious gains.

7. That, as to the proposed Government Annuity-Note
paper, if it constituted were to constitute any addition
to the quantity of money in circulation so far
as it cause in the quality character of circulating
money it came in lieu of an equal quantity
of the existing sorts of private paper, it would,
besides the benefit profit to Government by reduction of the national
debt and other items, contribute to reduce the
danger in respect to particular Bankruptcies.

Identifier: | JB/003/169/001"JB/" can not be assigned to a declared number type with value 3.
Date_1	1801-08-05	Marginal Summary Numbering
Box	003	Main Headings	manual of political economy
Folio number	169	Info in main headings field
Image	001	Titles	note continued
Category	text sheet	Number of Pages	1
Recto/Verso	recto	Page Numbering	e3
Penner	jeremy bentham	Watermarks
Marginals		Paper Producer
Corrections		Paper Produced in Year
Notes public		ID Number	1579
Box Contents