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Article REVIEW OF NEW PUBLICATIONS. ← Page 8 of 8
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Review Of New Publications.
of usurper . I shall have pulled from his dictatorship a man , who has aspired with the most presumptuous arrogance to a kind of oracular dignity on these matters , I shall have rescued the understandings of the public from the dominion of a critic , who , relying on the bulk of his labours , and the ponderous mass of his researches , has attempted to give laws on ail-topics of literature and criticism . ' Mr . Ireland , throughout his pamphlet , writes as a scholar and a
gentleman ; and replies to unjust insinuations in the diction of indignant and wounded feelings . And when the more immediate reply to Mr . Malone is produced , we doubt not it will convince the world , tltat if the MSS . be a forgery , Mr . M . is not the critic to deleft it . * This was our opinion in our perusal and review of the Inquiry ; and this opinion we at present see no reason to change . Thoughts an a sure Method of annuallreducing the National Debt of Great Britain -without
y imposing additional Burdens on the People : and vjhich at the same ' Time will lend to diminish the Number of Poor Persons , and gradually annihilate the Poor-rates . By Matthias Koops , Esq . 8 M . pages 42 . Price is . Symonds . MR . KOOPS is one among the many who stand forward , in a period of ' public exigency , with a scheme to relieve the distressed state of the finances ; His plan to liquidate the national debt is by an Universal Tontine , paying 3 per cent , simple interest to the subscribersand applying the compound
, . interest to the purchase of stock . ' The foundation of a General Tontine , Insurance , and Universal Annuity , established on such an extensive scale , as to suit every class of the community j and so permanent as to be honoured by age , and to provide for the widow
and fatherless , will alleviate as much of human misery , as human calculation can foresee . ' By such an establishment , or institution , it is conceived , that such provision would be made for individuals , of eveiy class or denomination in life , as would prevent their feeling the hardship of poverty and distress in the decline of life , and at the same time protect the community at large against the heavy charges with which it is burdened b y the improvidence and dissipation j
or incidental misfortunes of individuals . ' It remains now to illustrate how such a public institution may operate greatly to reduce annually the national debt , and extinguish it in a space of years . ' The author before he enters into the discussion of this objeft , begs leave to observe , that this plan is established on a sure basis :. all the calculations of his varicus classes and numerous tables are founded on three per cent ; simple interest ; the nation has therefore to reap the benefits which arise by ¦
compound interest , and from the higher interests , which accumulate by placing the capitals received into the treasury , in the public funds , or other securities ; for which reason be divides his observations into two classes ; First . ' If the said institution should be established in the three kingdoms for voluntary subscribers , with leave for foreigners residing in other countries to be admitted members . Secondly . ' If the establishment should be made compulsory . '
The Author proceeds to illustrate these two classes by a variety of observations and tables ; to detail which would be to extract the whole pamphlet * We must , therefore , refer our readers to the work itself , in which , with many inaccuracies of style , ( excusable in a foreigner ) they will find much accurals calculation and sound sense .
Note: This text has been automatically extracted via Optical Character Recognition (OCR) software.
Review Of New Publications.
of usurper . I shall have pulled from his dictatorship a man , who has aspired with the most presumptuous arrogance to a kind of oracular dignity on these matters , I shall have rescued the understandings of the public from the dominion of a critic , who , relying on the bulk of his labours , and the ponderous mass of his researches , has attempted to give laws on ail-topics of literature and criticism . ' Mr . Ireland , throughout his pamphlet , writes as a scholar and a
gentleman ; and replies to unjust insinuations in the diction of indignant and wounded feelings . And when the more immediate reply to Mr . Malone is produced , we doubt not it will convince the world , tltat if the MSS . be a forgery , Mr . M . is not the critic to deleft it . * This was our opinion in our perusal and review of the Inquiry ; and this opinion we at present see no reason to change . Thoughts an a sure Method of annuallreducing the National Debt of Great Britain -without
y imposing additional Burdens on the People : and vjhich at the same ' Time will lend to diminish the Number of Poor Persons , and gradually annihilate the Poor-rates . By Matthias Koops , Esq . 8 M . pages 42 . Price is . Symonds . MR . KOOPS is one among the many who stand forward , in a period of ' public exigency , with a scheme to relieve the distressed state of the finances ; His plan to liquidate the national debt is by an Universal Tontine , paying 3 per cent , simple interest to the subscribersand applying the compound
, . interest to the purchase of stock . ' The foundation of a General Tontine , Insurance , and Universal Annuity , established on such an extensive scale , as to suit every class of the community j and so permanent as to be honoured by age , and to provide for the widow
and fatherless , will alleviate as much of human misery , as human calculation can foresee . ' By such an establishment , or institution , it is conceived , that such provision would be made for individuals , of eveiy class or denomination in life , as would prevent their feeling the hardship of poverty and distress in the decline of life , and at the same time protect the community at large against the heavy charges with which it is burdened b y the improvidence and dissipation j
or incidental misfortunes of individuals . ' It remains now to illustrate how such a public institution may operate greatly to reduce annually the national debt , and extinguish it in a space of years . ' The author before he enters into the discussion of this objeft , begs leave to observe , that this plan is established on a sure basis :. all the calculations of his varicus classes and numerous tables are founded on three per cent ; simple interest ; the nation has therefore to reap the benefits which arise by ¦
compound interest , and from the higher interests , which accumulate by placing the capitals received into the treasury , in the public funds , or other securities ; for which reason be divides his observations into two classes ; First . ' If the said institution should be established in the three kingdoms for voluntary subscribers , with leave for foreigners residing in other countries to be admitted members . Secondly . ' If the establishment should be made compulsory . '
The Author proceeds to illustrate these two classes by a variety of observations and tables ; to detail which would be to extract the whole pamphlet * We must , therefore , refer our readers to the work itself , in which , with many inaccuracies of style , ( excusable in a foreigner ) they will find much accurals calculation and sound sense .