Chambers's Edinburgh Journal, No. 421 - Volume 17, New Series, January 24, 1852 by Various
page 22 of 70 (31%)
page 22 of 70 (31%)
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were not to be all accomplished for a period of several centuries. The
money was to be divided into five portions, each of 100 livres, and so to be put out at compound interest. The first portion was to be withdrawn at the end of a century: it would then amount to 13,000 livres, or about L.550. It is scarcely worth while mentioning the purposes to which this trifle was to be applied, but for the credit of M. Ricard it may be mentioned that they were all unexceptionable. In two centuries the second sum would be released, amounting to 1,700,000 livres. At the end of the third century, the third instalment was to be released, when it would consist of 226,000,000 livres. The destination of these magnificent sums was also unexceptionable--it was for national education, the erecting of public libraries, and the like. The instalment to be released at the end of the fourth century would amount to about 30,000,000,000 livres: it was to be employed partly in the building of 100 towns, each containing 150,000 inhabitants, in the most agreeable parts of France. 'In a short time,' says the benevolent founder, 'there will result from hence an addition of 15,000,000 of inhabitants to the kingdom, and its consumption will be doubled--for which service I hope the economists will think themselves obliged to me.' Malthus had not then published his principles of population. We must draw breath as we approach the destination of the fifth and last instalment. It was to amount to four millions of millions of livres--about a hundred and seventy thousand millions of pounds. We take for granted that Fortuné's calculations are correct, and have certainly not taken the trouble of verifying them. Among other truly benevolent and cosmopolitan destinations of this very handsome sum, it may be sufficient to mention these:-- |
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