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116
. The interest affor compared with cash, the amount
so small the interest afforded thusby the Annuity
note paper to those who barter it, or keep it, with a view
to circulation, will, when compared with cash be it ever so small be
so much profit: compared with the preceding higher
rate of intrerest, the reduced rate afforded by the Annuity
note paper, to those who, if they take it,
will, have to depend upon to the extent of their
respective capitals so invested, have nothing else
to depend upon for their respective incomes, will, by the
amount of the difference, foremost itself as so
much less.
Under
Under these circumstances it seems equally
difficult to align any certain limit to the ,
or to say there shall be none.
Under these circumstances although we set
out with the supposition that the applications for
this at the reduced rate would slip somewhere
would stop at the risk for
illustration, it seems difficult to abide by
it, which the inducement to into the open ,however
low the rate thus with little or no abatement,
on the first of so humerous a of , how low soever
& less however together with
for the rate of interest to be obtained by it. There is however but this This however, together with
the first supposed case of the paper of both issues of two
issues viz: the closed issue and an open one remaining
at at the time that the last mass
of redemption comes and absorbts them both
together from the only alternative which the last
of the mammouth debt of , the
supposition of its a final redemption
before the of a first war a come on and reason renovate the load.
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Identifier: | JB/002/214/001"JB/" can not be assigned to a declared number type with value 2. |
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7 continued |
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002 |
annuity notes |
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214 |
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001 |
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text sheet |
1 |
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recto |
e8 / f116 |
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jeremy bentham |
tw 1794 |
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francis hall |
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1794 |
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953 |
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