JB/002/309/001

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Annuity Notes Moral Advantages

and without stirring from his home.— No attendance
— no Agency fees — no Brokerage fees — no Stamp
Duty, either on purchase or on sale. — No loss,
on either occasion, by fluctuation of price. — Not
a day without its profit: — profit by keeping, for
the minutest as well as for the largest portions
of time: — conveyance obtainable for it by post,
in the minutest portions as well as to the
most distant parts of the island. Security afforded
by division against misadventures of all sorts:—
against accidents and against crimes:— in the
house or on the road:— by fire, water, or forgetfulness:—
from theft, robbery, burglary, or breach
of trust.— Compound interest, bought within the
reach of individuals for the first time.

In proportion to the degree in which it presents these several accommodations, in that
same proportion does it act as an incentive to
frugality:— in all classes, in a certain degree,
and in as far as current expenditure is concerned:
but in a more special degree, in those humble,
and at the same time most numerous walks
of life, in which it is of most importance, to
prudence, probity, and happiness. (b) Frugality, itself a virtue, is an anxiliary to all
the

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Annuity Notes. Moral Advantages 4 Jan 1801 Ch.XVI Moral Advantages.

To the head of Moral advantages may be
referred two very distinct results: prevention of improbity,
and promotion of frugality:— prevention of
improbity by furnishing (as we shall see) a new
means or instrument of prevention: promotion of
frugality, by the offer of a new species of property,
which, by annexing an unprecedented remuneration
to the exercise of that virtue, operates at once as
an incentive and as a means.

I. As to prevention of
improbity. The class of
persons in whose instance it may operate to
this effect, consists of Trustees of every description,
to whom it belongs to receive money on account
of their principals:— Executors and Administrators—
Guardians — Stewards and Receivers — Assignees of
Bankrupts — Prize Agents — Factors, and the like.—

To cause trust-moneys, as often as a suitable
case presents itself, to be laid out in the
purchase of government annuities, for the benefit
of the principals, is, in the Court of Chancery
matter of long established practice: a practice which
by an Act of very recent date has received
express

Identifier: | JB/002/309/001"JB/" can not be assigned to a declared number type with value 2.
Date_1	1801-01-04	Marginal Summary Numbering
Box	002	Main Headings	annuity notes
Folio number	309	Info in main headings field	annuity notes moral advantages
Image	001	Titles	note (a)
Category	copy/fair copy sheet	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		ID Number	1048
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