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2
Letter I.X. Penitentiary - houses - Economy. Contract - Plan.
you will presently see more material reasons, to counterballance the seemingy
unthriftiness of granting him a term, which may prove so long an one. In
other respects, the terms of the contract must, or course, depend upon the
proportion of capital, of which the contract gave him the use. Supposing
the advance to amount to the whole manufacturing stock, he must of course
either pay something for his contract, or be contented with a share of
the gross profits, instead of the whole: unless that from such profits
an interest upon the capital so advanced to him, should be deducted;
in which case, no body, I suppose would grudge him the whole
neat profit after such deduction, even though the rate of interest were
much below the ordinary one: the difference, between such reduced
rate of interest and the ordinary one, would constitute the whole of the
expence which the public would beat. Suppose, to speak at random,
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