Whitby Panorama; And Monthly Chronicle Volume 2

Whitby Panorama; And Monthly Chronicle Volume 2

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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1828 edition. Excerpt: ...suffer no inconvenience from admitting any number on these terms. If the entry-money paid by him does not purchase as many volumes as he is allowed to get away at wnce, there will be fewer volumes in the room after, than there was before he became a member. In this case then, but in no other, the old members will suffer a slight inconvenience at first, which however will soon be removed by the annual contributions of the new member. But, to place this beyond the possibility of dispute, let us take an example. Suppose that 500 members, having each 20 volumes worth - 12, or 12s. a volume, form a library of 10,000 volumes, and that every member is allowed to get out two volumes at a time, we contend, however paradoxical it may appear, that these individuals would fcuffer neither injury nor inconvenience from admitting any number, however large, at 2 Is.; but that, on the contrary, by so doing, they would consult their own convenience, and increase the value of their library and of each individual's share in a very great degree. For, when each of the 500 members had out two volumes, there would be 9000 in the rooms for every individual who returned a book to select another from; and although 500 new members were to join the institution, paying 24s. of entry-money, this sum, supposing the average cost of each volume to be 12s, would purchase 1000 volumes, which would be the greatest number they ever could get out at once; consequently, there could never be less than 9000 volumes in the rooms for the original members to select a book from. Let us apply our second rule to this case. Supposing the annual contributions from the original members to be 12s. and the expenses of management one-third of the revenue, two volumes would be added to the...show more

Product details

  • Paperback | 198 pages
  • 189 x 246 x 11mm | 363g
  • Rarebooksclub.com
  • Miami Fl, United States
  • English
  • black & white illustrations
  • 1236579631
  • 9781236579638