1 Nov r 1800

Paper Mischief

Ch. V Mischief proved

2

To this I answer

1. Although it were an inseparable result of an encrease of wealth {of the aggregate mass of wealth} it would not follow that it might not be an evil. Wealth is but a means: comfort is the end: shew but a loss in comfort, the /all/ encrease in wealth, be it what it may, loses all its value. Follow it up, apply it to the several classes of parties interested, in point of comfort we shall find it productive of an indisputable loss.

{Three such classes may be distinguished.

1. The first is composed of those whose incomes are commonly called fixed - more aptly unencreasable /unaugmentable/.

2. The second is composed of those whose incomes are not in their nature unencreasable, but in point of fact do not receive an encrease in quantity of money proportionable or more than proportionable to the decrease in the marketable value of it.

3. The third is composed of those who whether as proprietors of the supposed extra influx of money or on any other account do receive by means of it an encrease in money more than proportionable to the rise of prices - to the decrease in the marketable value of it as above.}