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Untitled Article
those societies occasion , by leading their members to frequent public-houses , and other places of dissipation . The numerous small sums added together would enable the institution to allow
compound interest to the subscribers , which would render the provision for old age very considerable , although the trifling sums contributed in the early period of life would be hardly felt by the subscribers - It was the opinion of Dr , Price , that
" a society or office that would go on this plan might do great service / ' as it would induce persons in the lower stations to adopt habits of industry in the beginning of life . Amongst a variety of collateral advantages which the plan projects for the subscribers , it proposes to erect a sort of Gity of Retreat , in which each of the subscribers shall be furnished
with a residence , if he chooses at the period of age to retire from the bustle of life ; but it should seem that the author does not entertain very sanguine expectations of seeing this part of his plan carried into effect ^ or that youth of 21 will immediately adopt those maxims of providence and care necessary to form the basis of this institution , for he has arranged a " Pro-9
visionary Plan' on page 77 3 which seems to comprise , in a very short compass , nearly the whole of the scheme that he considers immediately practicable .- ' This plan allows persons of any age to pay the smallest sums at the office , either weekly or otherwise , as they may think proper . The subscribers to this fund are divided into
three classes . The first class consists of all persons who commence their contributions of 2 s . per week on the 24 th day of June , 1806 , and who pay £ 5 as entrance-money at any time before the 24 th day of June , 1807 ; or who , failing to commence their
contributions on the said 24 th day of June , 1806 , shall , at any future time and in any manner , even by instalments , have paid the said sum of £ 5 entrance-money ,, and the arrears of contribution , with the compound interest xipon the said sums respectively . "—The Second class consists " of all persons who pay
2 s . per week , from the said 24 th day of June , 1806 ; or who , failing to commence their contribution on that day , shall , at any future time and in any manner , as aforesaid , have paid the arrears of such contribution , with the compound interest thereon . "—And the third class consists « of all persons who contribute
smaller sums or who may not commence their contributions at that time , nor bring up their arrears . —{ The subscriptions of those members cio not merge into a common fund , but the account of each individual is kept separate , his payments and interest accumulating from year to year , until the gross amount being told up at the period of ag ^ the
Untitled Article
436 Tra n qu illity .
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Citation
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Monthly Repository (1806-1838) and Unitarian Chronicle (1832-1833), Aug. 2, 1806, page 436, in the Nineteenth-Century Serials Edition (2008; 2018) ncse.ac.uk/periodicals/mruc/issues/vm2-ncseproduct1727/page/44/
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