The Doctrine of Equivalents Or An Explanation of the Nature Value And Power O
The Doctrine of Equivalents Or An Explanation of the Nature Value And Power O
George Craufurd
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ffl * k fr7T~*lS'+7 9* t***A ing his estate by means of these ten ** thousand pounds, as far as 10 pr. Cent annually, or 5 pr. Ct. Above the interest to be paid, and that his annual expences increased also by such misconceptions and such miscalculations. Let ingenious calculators of the ef- fects of compound interest, state the magnitude of such compound accumula- tion of evil imthe course of 50 or 60 years, and they will then produce to the world an effectual antidote to that delusive bewitchi...ng poison, infused into the 'derstancling of man by former e tors, on the wonderful e, - N 194- THE DOCTRINE * A *V^^\ lion sinking fund with its compound ^r. ^* * M "' ~ A ** operations, in paying off a national debt. The advantages are evidently double, in the former case, to what they are in the latter, for the act of paying off 50 millions of the national debt occasions oss ^ I0 m ^ ons to individuals, to the revenue a share of the annual . , , . 4 income on that property, during its ac- T cumulation.
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