JB/087/133/002

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Indirect Legislation

Mischief

-tribution levied afforded voluntarily or involuntarily by a numerous
body of persons at once: the loss being taken
out of the sum of the fortunes estates of all these persons
bears a less ratio to the fund out of which it is taken
than if it were taken out of the estate of the
individual on whom it first alighted. In this way
a loss by being reduced by breaking down a contribution
into parcels that are so small as to be impalpable, the
burthen of it may be reduced in a manner to nothing. The introduction
of public insurance incorporated offices of insurance
unites both these advantages. Now But the greater the
number of the contributors, the less cæteris paribus
is the share to be borne by each. On this account
the advantage in question is never attained in so
high a degree as when the business of insurance
is carried on by the state itself.(a)

NOTE

(a) It will be observed that on the other hand that a public
fund in the preservation of which no one is interested
in particular is more exposed than a private one, in
which the loss comes home immediately to individuals.
But to enter into a comparative detail of the advantages and
disadvantages of the several institutions that may come
to be suggested is not the our business here.

Identifier: | JB/087/133/002 "JB/" can not be assigned to a declared number type with value 87.
Date_1		Marginal Summary Numbering
Box	087	Main Headings	indirect legislation
Folio number	133	Info in main headings field	indirect legislation
Image	002	Titles	note
Category	text sheet	Number of Pages	4
Recto/Verso	recto	Page Numbering
Penner	jeremy bentham	Watermarks	[[watermarks::r williams [britannia with shield emblem]]]
Marginals		Paper Producer	c. hamilton
Corrections		Paper Produced in Year
Notes public		ID Number	27658
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