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Annuity Notes
But of the whole of the mass – be it great or
small – be in every part of it alike susceptible (as it really is would be)
of circulation, then whatever part has may have been employed
in the purchase of an Annuity, i:e:
of interest so long as interest was the thing
wanted, would be susceptible of being put in
circulation, in the character shape of principal money, and that
at the whatever term, should any such time arrive, at
which principal at the expence of further
interest, was came to be the thing wanted: – and of which mass consequently
would not not any part would be sunk.
In what conceivable state of
things would the supposition thus so lightly its made, be
susceptible of quadrating realized?
quadrate with the fact? If there were but
one Annuity Note taken out, certainly: – not absolutely
certainly if there were two Annuity Notes taken out
at different times by so many different individuals. If Aº 1803
on the first of January, a whimsical man (whom we will call A) took a fancy to become
possessor of an Annuity Note (say a Hundred
Note price £12:16) and took one out accordingly,
never nobody else ever taking out
another – then indeed would there be hoarding without
circulation – and consequently there without would be sinking: but
if Aº in the year 1804, the same day of the same month
in the next year happened to produce another whimsical man
an acquaintance of A's (whom we will call B) at the same time that
A being cured of his whimsy tired of his bargain, or wanting to
spend
Identifier: | JB/003/377/001"JB/" can not be assigned to a declared number type with value 3. |
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003 |
annuity notes |
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377 |
annuity notes |
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001 |
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text sheet |
1 |
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recto |
e3 / f14 |
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jeremy bentham |
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1787 |
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