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3 Oct. 1800 + 3d 151
Ch. XII 3 In regard to ordinary paper income, there is no safe side. Deficiency is as full of danger as excess.
That property in point of security, commercial wealth is liable to suffer
in point of security from an excess in respect of the in
the comparative quantity of paper money (in comparison of <add>relation</add> of the quantity
habitually in circulation] is a truth but too
often felt and sufficiently understood. That in point
of quantity it is liable to suffer [+] [+] a kind of negative
by from a deficiency
in the quantity of paper money that from [+]2. [+]2 is a truth rather understood than felt, but is a matter equally
out of doubt: because, that inasmuch as every
fresh £100 worth of paper money is so much added to the
mass of circulating capital, so long as it is
to the amount of the value at which it paper is received, +
+ See Ch. 11
Metadata:JB/002/242/001
