JB/003/414/001

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1 Aug. 1801

As to Sir Francis's evidence, it is on my
side.+ +Observations on Boyd p.28 Arguing To prove that the currency once proposed
by Mr Boyd would not run –⊞ ⊞ (a currency in every feature of it different from the proposed Annuity Notes) what he says on
the subject of Exchequer Bills is in these words –
and it is all he says of these as to the point.
that is in further remarkable ..... "Although Exchequer
"Bills carry an interest of 3 1/2 per day, they never
"did serve the purpose of general circulation
"for the sake of a daily interest – the foundation
"upon which the whole of Mr Boyd's plan rests.
The word general is in Italics. These Italics
are derisive. They admitt the circulation,
though they assert that it has its limits. It
would be strange indeed if it had not its limits.
It would have its limits, if it had no other than
those which conf confine the circulation of Bank Notes
for the same sums: and it has other limits.+ +See Infra If
these were pieces of gold coin worth
£100, their circulation would have the same limit.
The same thing might be said of gold and silver money
if there were pieces of it of that value. The same
thing may actually be said of guineas, in certain places:
guineas do not serve the purpose of "general circulation"
among beggars – scarcely among day-labourers.

Identifier: | JB/003/414/001"JB/" can not be assigned to a declared number type with value 3.
Date_1	1801-08-01	Marginal Summary Numbering
Box	003	Main Headings	annuity notes
Folio number	414	Info in main headings field
Image	001	Titles
Category	text sheet	Number of Pages	1
Recto/Verso	recto	Page Numbering	e6 / f51
Penner	jeremy bentham	Watermarks	cw 1799
Marginals		Paper Producer	c. abbit lees
Corrections		Paper Produced in Year	1799
Notes public		ID Number	1824
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