JB/117/156/002

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2

appears to me that no person in that department can object —

To apply this principle to the case in hand: and without
regard to the quantum, let us put sums merely by way of example. —
Total value of the Stock at the trade price (i:e: the}
price which would be given by one of the trade } £ 1200..0..0d
Loss by removal (expence by conveyance loss by death }
in transplanting &c } 400..0..0

"Now" (says the Tenant) "this £400 is what I am intitled
"to receive of the Public to make me whole." No, (says the Agent
for the Public.) not so: for this same loss is no more than you would
have to sustain gratis a twelvemonth hence, at the expiration of your
Lease. What you suffer for the accomodation of the Public, by the exercise
of the compulsive powers created by the Act of Parliament, is — not the
loss of the £400, but the inconvenience of having it to susatain a
twelvemonth before it would have come upon you otherwise.—

The present worth of your present Stock of goods that is invested
in trade is £1200:by the 25<hi rend="superscript">th March 1801, a twelvemonth hence,
it would at any rate have been to suffer a reduction to the amount of
£400: now, by the operation of the Act of Parliament instead of the
25 of March 1801, the reduction comes upon you the 25th of March 1800 —
What you lose then by the measure is — not the capital itself, but
the years profit upon that Capital: not £400 (but taking the rate
of profit at 15 per cent) £60.</hi>—

Now then, Sir, should any error present itself to you as
attached either to the principal in question, or to the application of
it, be assured you will not find any eyes more open than mine are
to recive the intimation of it: and anny correction that my conceptions may

Identifier: | JB/117/156/002 "JB/" can not be assigned to a declared number type with value 117.
Date_1		Marginal Summary Numbering
Box	117	Main Headings	panopticon
Folio number	156	Info in main headings field	jb to donne letter 1
Image	002	Titles
Category	correspondence	Number of Pages	4
Recto/Verso	recto	Page Numbering	f1 / f2 / f3 / f4
Penner		Watermarks	1798 am
Marginals		Paper Producer	frances wright
Corrections		Paper Produced in Year	1798
Notes public	copy of letter 1524, vol. 6	ID Number	38773
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