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.