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Thus would the matter stand, were the Annuity
in question, (to and that alone, to be considered in
an Annuity Note. But when it is considered, that
by the supports or by this time its currency would
have been compleately established in the character
of a circulating paper — capable of being exchanged
at any time for a the sum equal to the
principal sum it is denominated from — as
capable at least as if it were promised
were the principal and nothing more,
the eager facility with which this of paper
promises to be divisibility of this species of paper
will appear in a still stronger and clearer point
of view. And in short when if for a seven
and twopenny halfpenny note even then to be
made cut one thus small threepence a year is
to be had — though no more than threepence by
for the keeping of it for a year, who is then that
would loan seven shillings keep by him so much in hard cash,
when if he were to keep it for ever by him
all his life long nothing not a farthing would be to be got by
keeping it?
The limits — and the only limits — to the
division seem to be those which are set — by
the trouble of reserving on the one hand, and that the
trouble, and thence the expense of paying on the other hand. This trouble and
expense being the rarer — unavoidably the same — for
the smallest Annuity as for the largest must at some
period or other — supposing it actually undergoes — come to
outweigh
Identifier: | JB/002/501/001"JB/" can not be assigned to a declared number type with value 2. |
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[[marginal_summary_numbering::[15]]] |
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002 |
annuity notes |
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501 |
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001 |
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text sheet |
1 |
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recto |
d15 |
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jeremy bentham |
tw 1794 |
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francis hall |
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1794 |
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1240 |
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