date

1822 Nov. 15 Tripoli. - Securities against
1822 Nov. 15 Tripoli. - Securities against Misrule, Preliminary Explanations

Ch Bashaws Inducements ?.2. Extra-regarding

This impossibility of any considerable encrease of wealth to the nation and

thence to the Sovereign without a correspondent encrease in the article of

security - security against misrule - in consequence of /the fruit of/ the

arbitrary power in the /his/ hands of the Sovereign will appear the more

plainly, in proportion as the several sources from whence the matter of wealth

is capable of being extracted are the more particularly considered /brought to

view/

Capital may be employed in giving encrease to the quantity of growing wealth in

either of two ways /situations/: namely 1. in the hands of individuals acting

singly: each employing his capital on his own single account, and receiving to

his own single use the whole of the return accordingly: 2. in the hands of

individuals acting in associations more or less extensive the capital being

formed /collected/ from a number of hands more or less considerable and

according to the magnitude of the concern employed either by the same hands by

which it is supplied, or by a lesser number of hands chosen and appointed by the

united suffrages of those by whom and for whom it is employed.

With the first of these two states of things let us commence the enquiry

/survey/ as being the more simple - this understood, the other will be

understood from it of course.
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.

    Bashaws Inducement ?.2. Extra-regarding

    Difference as to security between Mahometan and the worst Frank governments.

    So far as regards hope of encrease nothing can be more intimate than the

    connection between the interest of the Sovereign and that of his subjects taken

    in the aggregate, no one object more strictly dependent on another than is his

    opulence upon their opulence.

    In the existing state of things under the existing form of government, the

    Sovereign has at all times extracted from his subjects as much as was capable of

    being extracted from them: in this state of things all ulterior encrease to him

    without encrease to them being hopeless, remains as the only source of hope in

    regard to encrease to him such encrease whatsoever it may be, as may be derived

    from a correspondent encrease to them.

    But under the existing form of government any considerable encrease of wealth to

    them is impossible: all such encrease is altogether dependent on a sense - a

    general sense of security: this dependence will be explained presently. /in the

    first /next/ place./ But under the existing form of government such general

    sense of security is impossible: this impossibility will be explained in the

    next /first/ place.
  • Title: [1822 Nov. 15 Tripoli. Securities against]
    Description: 1822 Nov. 15 Tripoli. Securities against Misrule. Preliminary Explanations Ch.

    Bashaws Inducements ?.2. Extra-regarding

    Allurement to unpaid possession - Precedence and [...?] at public sports and

    other celebrations in the Mosques etc

    Domestic relations = Condition in life

    1. First most extensive /productive/ and most obvious source of encrease to

    wealth - labour employed immediately upon land.

    In this case insecurity may attach upon it in two ways, either or both of them:

    namely, 1st upon the undisturbed possession of the land itself: 2. upon the

    undisturbed possession of the growing produce. The most intensely /extensively/

    operative cause of insecurity and sense of insecurity is that which affects the

    title to the land: the title to the perpetual possession or the title to the

    assured possession of it for a fixt and ascertained number of years as the case

    may be

    Whatsoever the title to the land may want /be deficient/ either in respect of

    security /certainty/ or in respect of permanence, the inducement to expend any

    capital in any shape in the improvement of it will suffer /experience/

    proportionable diminution.

    In Tripoli The title to the land itself is every where more or less exposed to

    hazard /loss/ from two sources: 1. from the arbitrary power of the Sovereign: 2.

    from attack in the way of litigation by individual counter-claimants

    In the case of lands in general, for the Sovereign to take forcible possession

    without other ground or cause assigned than the plentitude /absoluteness/ of his

    power[?] power, is it is believed not a very ordinary occurrence. Still however

    he /the hand/ that can do any thing whatsoever that can be done power can of

    course do that whenever he pleases.