1820 June 10

Emancipation Spanish

Ult r

'.7. Rulers gainers

In the profit derivable by the ruling few from this /particular/ source there is little or nothing to distinguish it from the profit derivable by means of political power from any /all/ other sources. On this account for the purpose of this particular enquiry it becomes necessary to present /bring/ to view a sort of inventory of all the forms /shapes/ in which profit considered as derived /attached to and/ from political power is [...?] to assume is capable of presenting itself /may be seen/.

When profit is here spoken of, what is meant to be spoken of is - not profit in the narrowest and most usual sense of the word, namely pecuniary profit profit in the shape of money, but profit in its very widest sense, profit in the very widest sense of which the word is susceptible - profit in a sense co-extensive with that of the word good: and in that most extensive sense of the word good, in which the exclusion of or exemption from evil is included: and so in the case of the opposite and correspondent word loss.

Profit considered as reaped by a trustee at the expence and to the loss of those /of his principle-/ for whom he is in trust, in the case of pecuniary profit [...?] to be is in some cases designated by the word peculation.

Peculation has been distinguished into peculation in toto, and peculation pro-rata. Peculation in toto, is where in his endeavours to acquire for himself a given sum, the trustee extracts /takes/ no more than tha same sum out of the pockets of /from/ those for whom he is in trust. Peculation pro rata is where in his endeavours to acquire for himself a given sum, the trustee takes any greater sum out of the pockets of those for whom he is in trust.