JB/122/485/001

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6 June 1813 43
Panopt. Compensation Claim §. 6. - 7.
(7) (3) Requested Value
II. Against J.B.

☞ Omitt or modify

2. Another objection that may be made is —
In bringing to view Under the head the value of the labour of hired labourers
as in the character of a standard of comparison for the value
of the labour of Convict prisoners, the value and the only
value which you have brought to view is the value
of the present time. But at the time of the Agreement
in question this value was much less: and that if
not the sole proper standard being at any rate an
equating proper standard hence arises an over valuation
from which a proportionable deduction will be requisite.

Answer. Of the principle of calculation here brought to view
in question I acknowledge the justice, and have accordingly
brought it to view. What is more I shall
here submitt that which presents itself to me as the
proper mode of calculation. Set down, first the price of that
time, then the price of this time, and between the two take
the average. It being plainly useless to attempt if not impossible to make, a separate
estimate for each year, the only remaining course will be
to suppose the rate of encrease uniform, viz. for the whole
number of years in question 17 1/2 years. On this principle
there will be a progressive series consisting of 17 or 18 terms, of which
the middle term will be equal found to correspond with the average
just proposed average.

Identifier: | JB/122/485/001 "JB/" can not be assigned to a declared number type with value 122.
Date_1	1813-06-06	Marginal Summary Numbering	23
Box	122	Main Headings	Panopticon
Folio number	485	Info in main headings field	Panopt. Compensation Claim
Image	001	Titles
Category	Text sheet	Number of Pages	1
Recto/Verso	"Recto" is not in the list (recto, verso) of allowed values for the "Rectoverso" property.	Page Numbering	C7 / C3 / F43
Penner		Watermarks	1811
Marginals	Jeremy Bentham	Paper Producer
Corrections		Paper Produced in Year	1811
Notes public	[[notes_public::Omitt or modifty [note in Bentham's hand]]]	ID Number	001
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