[xxxiv. 96]

1822 Aug. 15

By the division thus made of the power, the will is likewise operated upon - and the junction of interests the reduction /bringing/ of individual /the personal/ interest of the functionary into accordance with the universal interest promoted. In so far as his situation is an object of value in his eyes, and in so far as his continuance in it or his return to it or to a similar one is seen /felt/ by him to be dependent on those /of/ whose interest composes the universal interest /is composed/, in so far is his separate /individual/ interest brought into accordance with the universal interest.

On the scale of private life, only on one or other of two suppositions is either the power of location or the power of dislocation with reference to a trustee denied to his /the/ principal. The one is - that of mental infirmity on his part: and on that supposition regard for his own happiness requires that both the one and the other power should be refused to him. The other, that of moral untrustworthiness: and on that supposition, whether the power of location has or has not been possessed or exercised by him, regard for the happiness /interest/ of those for whose sake the power of location has been exercised, requires that the power of dislocation - the absolute power at any rate the absolute power should not be exercised by the same hands. Why? because if it were, the application of the power given to the trustee to the purpose in question could not be secured. This is the case where, for the purpose of securing the liquidation of a debt, the property of a debtor is placed in the hands of trustees one or more, till the liquidation shall have been accomplished.