date

1822 Nov 15 Tripoli:- Security against Misrule
1822 Nov 15 Tripoli:- Security against Misrule Preliminary Explanations Ch

Bashaw's Inducement ?.2. Extra-regarding

But by any such sense of insecurity not only will capital be prevented from

being so employed as to prevent giving encrease to the stock of national wealth

in the country in question, but it will be prevented from coming into existence:

the adequate motive - the inducement for giving existence to it being wanting.

By the sight of the external instruments of enjoyment /felicity/ in all their

several shapes every man /human being/ is in a state of constant temptation,

solicited by them[?] as he is to make acquisition of them and in the way of

consumption, employ them according to their several qualities and destinations.

All without exception stand exposed to this temptation /are perpetually operated

upon/ for indeed - not one in a thousand are in a way to conceive the idea of

employing capital in the purchase of foreign securities; not many have the

self-denial to sacrifice in any such way to any considerable extent the present

to the contingent future: a future which even a state /country/ of the greatest

security is seldom estimated so high as it is worth: and which in a country such

as that in question is worth so little in comparison of what it is worth in

countries where subjects enjoy a very considerable and effectual security

against all irregular and unforeseeable exactions from /by/ the hand of

government, however it may be as to regular and foreseeable ones. This

temptation has in every state of things two branches: one is that which is

presented /constituted/ by the love /desire/ of enjoyment in the several shapes

in which it is afforded by the several instruments of enjoyment according to

their several natures; the other is that which is constituted by the aversion to

labour or say by the love of ease.
Similar Items
  • Title: [1822 Nov. 15. Tripoli. Securities against]
    Description: 1822 Nov. 15. Tripoli. Securities against Misrule Preliminary Explanations Ch

    Bashaws Inducement ?.2. Extra-regarding

    1. First then all encrease of wealth is altogether dependent on sense of

    security /the general perception and anticipation/. No considerable encrease of

    wealth can take place but by means of a proportionate encrease of capital. But

    no considerable encrease of capital employed in giving encrease to the quantity

    of growing wealth can take place without a proportionate /correspondent/

    encrease in the sense of security. Capital is money or moneys worth laid out in

    large masses in the hope of reimbursement with an encrease at the end of a

    length of time more or less considerable: say six, eight or ten years: or even

    without hope of reimbursement, on the condition that the returns each year

    though perhaps not more than a twentieth /twentyeth/ or five and twentieth or a

    thirtyeth of the capital advanced shall be perpetual and transferable.

    Whatsoever money or moneys worth a man has in store over and above what serves

    him for the current consumption of the year, if he can not obtain this security

    for any return that might otherwise be expected from the employment of, he will

    either hoard up, as a stock to serve him in case of casual demand on the score

    of distress by loss or otherwise, or if he employs it, he will employ it

    somewhere else /in some other country/ employ it that is to say either in giving

    encrease to the quantity of national wealth in some other country, or what comes

    to the same thing, in an indirect way, namely by occupying the place of an equal

    quantity which is thereby enabled and caused to be employed in encreasing

    /giving encrease to/ the quantity of national wealth in that same country, as

    above.
  • Title: [1822 Novr. 15. Tripoli. Securities against]
    Description: 1822 Novr. 15. Tripoli. Securities against Misrule. Preliminary Explanations

    Ch Bashaw's Inducements 2. Extra-regarding

    1. In regard to land, improvements having land for their immediate subject

    matter, will apply either to the surface or to the interior.

    Improvements applying to the surface will apply either to the soil itself, or to

    its boundaries, or to its means of communication.

    Improvements applying to the soil itself will consist either of the addition of

    manures, or of the addition or subtraction of water.

    Manures are either texture-improving manures, or aliment-supplying - say in one

    word alimentary manures.

    Improvements having respect to water operate either by the exclusion

    /subtraction/ of it when in too great quantity, that is to say, by drainage, or

    by occasional addition to it, that is to say by irrigation.

    Boundaries are either 1st. for mere demarcation, i.e. showing where property

    ends, or for exclusion of objects the entrance of which would produce annoyance.

    These are - 1. high winds, i.e. air when in a certain degree of agitation: 2.

    animals wild or tame: 3. human beings, at whose hands depredation, destruction

    or deterioration are apprehended. Boundaries having any such exclusion for their

    object are stiled fences.

    In bringing to view improvement in these its several shapes, the object is, to

    render it manifest that saving exceptions to a very inconsiderable amount,

    improvement can not be made without an expenditure of capital: of capital mostly

    to such an amount as to require several years of successful labour for the

    reimbursement of it, with the addition of adequate profit correspondent to the

    degree of retardation and hazard. 2. Now
  • Title: [1822 Oct. 19 Tripoli Securities against Misrule]
    Description: 1822 Oct. 19 Tripoli Securities against Misrule 2o Preliminary Explanations

    Chance of Concession Cautions

    In respect of property all men are exposed to /labour under/ insecurity not

    merely in that shape in which it involves danger and alarm in respect of what

    they have already, but in that shape likewise in which by the of it they are

    prevented from making all those additions to it to which a feeling of security

    such as is enjoyed even in the worst governed European nations is sufficient to

    give birth.

    In the present state of insecurity, no man who has capital to any considerable

    amount can make application of it to any source of profit, the reaping of which

    supposes and requires the assurance of reaping the fruits of the disbursement

    for an indefinite length of time.