JB/002/588/001

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3

A circulating medium, to fulfill its destination,
must either possess of itself an intrinsic
value (a value equal to that which is ascribed
to it) or convey an assurance, practically speaking and that, an
infallible a never failing one, of something which has does possess an
such an intrinsic value, which is in possession of such
a value. + + in the language of Adam Smith It must either itself have a value in
use to us t or affor <add>convey a</add> promise, accompanied with apparent
certainty of fulfillment the possession of something
which has a value in use, or it can not be
made to possess the required supposed value in exchange
Gold and Silver do p both of them possess this
value in use; whence the foundation and the sole
foundation of their value in exchange. Paper
in the form and quantity in which it is employed
as a circulating medium, does not of itself possess
any such value in use: but in as far as it is
promise is employed to convey conveys a promise of a certain quantity
of gold and silver, and that promise is regarded
as such a being secure of being fulfilled, accomplishment it is
accepted, and serves as a succedaneum to the Gold use or Silver
of which it conveys the promise.
promised by it.
the promise of which is convey'd by it.

Identifier: | JB/002/588/001"JB/" can not be assigned to a declared number type with value 2.
Date_1		Marginal Summary Numbering	3
Box	002	Main Headings	annuity notes
Folio number	588	Info in main headings field
Image	001	Titles
Category	text sheet	Number of Pages	1
Recto/Verso	recto	Page Numbering	e3
Penner	jeremy bentham	Watermarks
Marginals	jeremy bentham	Paper Producer
Corrections		Paper Produced in Year
Notes public		ID Number	1327
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