The Works of Benjamin Franklin, Containing Several Political and Historical Tracts Not Included in Any Former Edition, and Many Letters Official and Private Not Hitherto Published Volume 2

The Works of Benjamin Franklin, Containing Several Political and Historical Tracts Not Included in Any Former Edition, and Many Letters Official and Private Not Hitherto Published 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. 1882 edition. Excerpt: ...value, for a term of sixteen years, to be repaid in yearly quotas or instalments, with interest. Thus one sixteenth part of the principal was yearly paid back into the office, which made the payment easy to the borrower. Tlie interest was applied to public services, the principal, during the first ten years, let out again to fresh borrowers. " The new borrowers, from year to year, were to have the money only ON GOVERNMENT.--No.I." FROM THE PENNSYLVANIA GAZETTE, APRIL I, 1736. Government is aptly compared to architecture; ii the superstructure is too heavy for the foundation, the building totters, though assisted by outward props of art. But leaving it to everybody to mould the similitude according to his particular fancy, I shall only observe, that the people have made the most considerable part of the legislature in every free state; which has been more or less so, in proportion to the share they have had in the administration of affairs. The English constitution is fixed on the strongest basis; we choose whomsoever we please for our representatives, and thus we have all the advantages of a democracy, without any of its inconveniences. for the remaining part of the term of sixteen years, repaying, by fewer and, of course, proportionably larger instalments, and during the last six years of the sixteen, the sums paid in were not to be remitted, but the notes burnt and destroyed; so that, at the end of the sixteen years, the whole might be called in and burnt, and the accounts completely settled. " The trustees were taken from all the different counties of the province, their residence in different parts giving them better opportunities of being acquainted with the value and circumstances of estates offered in mortgage. " They were to continue but...show more

Product details

  • Paperback | 160 pages
  • 189 x 246 x 9mm | 299g
  • Rarebooksclub.com
  • Miami Fl, United States
  • English
  • black & white illustrations
  • 1236675398
  • 9781236675392