Jan y 1807

9? 1

Letter II[?]

In this as in other cases, in office, as in trade the effect of /beneficial effect of the principle of/ competition has two branches: in the first place you have the effect of the competition upon the character and conduct of the competitors: in the next place you have the benefit of the choice, the facility of choosing /taking/ the best.

Upon each individual in the character of a competitor, the matter of reward being the principle and especial cause of the competition, you get the beneficial effects which depend upon the employment of that pleasant matter, in contradistinction to the better matter of punishment: exhilarated and strengthened /invigorated/ by hopes, each competitor whether he supasses or as his rivals surpasses himself becomes in the race a stronger and swifter man than he would have been otherwise.