[xxxvi. 19]

1821 April 10

First Lines

Constitutional Finance

Finance

Finance - ask for its actual end, - in a representative democracy economy - good economy in both its branches.

In an absolute Monarchy bad economy and good economy in both shapes likewise /at the same time/ bad economy in the shape of misappropriation - by applying to the personal use of the Monarch as much as possible of what is collected by the power of government; waste, in respect of that which /whatsoever/ is not so /thus/ misapplied - useful appropriation with reference to the several branches of the service to which it is so applied: restrictive economy - frugality - that as much as possible may remain[?] applicable to those improper purposes.
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  • Title: [[xxxvi. 23] 1821 April 25 First]
    Description: [xxxvi. 23]

    1821 April 25

    First Lines

    Constitutional Finance

    Law concerning Finance - Financial Department of Government

    The financial department is that which regards /by which is performed/ the extraction, custody, and expenditure of such money and money's worth as is employed or professed to be employed in the public service: viz. in the several other departments - in this and the several other branches of the public service.

    Whasoever be the public function by the exercise of which service is rendered or professed /pretended/ to be rendered to the public, or to any part of it, money, or money's worth, or both, are, in a quantity more or less considerable, necessary to be employed and disbursed on the occasion of its being rendered: the financial branch is thus a branch which interlaces /intertwines/ itself and runs through the several abovementioned /other/ branches of the public service.

    Of This branch of Government has for its proper end frugality /that branch of /or/ good economy which consists of/ - appropriate frugality.

    In every department of the public service, good management has two perfectly distinguishable branches: the first peculiar to itself, being correspondent to the particular nature of the service: the other common to it with all the others: this universally applying branch of good management is frugality.

    Considered in another point of view the peculiar and characteristic branch here spoken of may be stiled the positive branch: this, which is common to all, the negative branch: The dictates of frugality are conformed to in so far as, without preponderant prejudice to good management in other respects, money and money's worth is avoided to be disbursed or consumed.
  • Title: [[xxxvi. 18] 1821 April 16 Financial]
    Description: [xxxvi. 18]

    1821 April 16

    Financial [...?]

    Traveller April 9th. 1821. In Prussia, no military promotion till after examination.

    Financial Law has for its proper end economy.

    Of economy there are two branches: the one positive or say distributive; the other negative or say restrictive: the one, the distributive - the positive branch; the other restrictive - the negative branch.

    The distributive branch, has for irs object the due /apt/ appropriation of the aggregate of the sums levied to the several services for which they are levied.

    The restrictive branch has for its object avoidance to being any sum of all exaction, the burthensomeness of which is not outweighed by the usefulness of the application made of it.

    For judging of the consistency of any mass of expenditure with the proper ends of economy take for a test this directive rule: with the alledged benefit, alledged to be expected, from the expenditure compare the unquestionable burden produced by a part to the same amount, to the most burthensome tax: frego the benefit, the burden is excluded.

    Economy in a state, Taken in its narrowest and most ordinary sense, Economy in a state, has for its subject matter money and money's worth: taken in its most extensive sense, it comprehends the matter of reward, in those additional shapes in which it is to Government, that it is indebted for its existence viz. power and factitious dignity.

    Suppose negative economy, practice at all times in its utmst perfection, no positive act is required for the accomplishment of its end: suppose a failure to any amount to have taken place, waste to that amount has been committed. Thereupon comes the demand for a new branch of economy - the reformative:- say in one word retrenchment.

    Retrenchment in either of both of two shapes - simply discontinuative abrogative: simply discontinuative is confined to the case where the species of expenditure discontinued has been made over for all? not constituting a point in a line of established expenditure: abrogative is necessary in so far as a line of that sort has place.

    To simply discontinuatie retrenchment a negative act suffices; to abrogative, a positive act is necessary - the enactment of an appropriate law /ordinance/ or regulation. For the actual ends of Financial Law see Constitutional Law.
  • Title: [1821 April 25 First Lines Constitutional]
    Description: 1821 April 25

    First Lines

    Constitutional Finances

    Law concerning Finance — Financial Department of Government

    The financial department is that

    by which is performed the extraction

    custody and expenditure of such money and money's worth as is

    employed or professed to be employed in the public service: viz. in

    the several other departments — in this and the several

    other branches of the public service.

    Whatsoever be the public function by the exercise of which service is

    rendered or pretended

    to be rendered to the public, or to any part of it,

    money, or money's worth, or both, are, in a quantity more or less

    considerable, necessary to be employed and disbursed on the occasion

    of its being rendered: the financial branch is thus a branch which

    intertwines itself and runs through the several

    other branches of the public service.

    This branch of Government has for its proper end that

    branch of good economy which consists of appropriate

    frugality.

    In every department of the public service, good management has two perfectly

    distinguishable branches: the first peculiar to itself being correspondent

    to the particular nature of the service: the other common to it with all

    the others: this universally applying branch of good management is

    frugality.

    Considered in another point of view the peculiar and

    characteristic branch here spoken of may be stiled the positive

    branch: this, which is common to all, the negative branch. The dictates of

    frugality are conformed to in so far as, without preponderant prejudice to

    good management in other respects, money and money's worth is avoided

    to be disbursed or consumed.