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Untitled Article
ptpp ^ y value of annuities on highly selected lives in the extre ** mity of old age . Let our readers be pleased to inquire where was he , or any one else , to # nd a record of such a thing , and in what era or country was it ever known before the present date , that three millions of money were hazarded on the frail tenure of human life at fourscore ! It is no doubt very easy to
say , that one year ' s purchase must be the difference ; but an assertion of what must be , without even the shadow of proof in support of it , will never do as the basis of arithmetical reasoning . The writer refers to the publication of the experience of the Equitable Assurance Office , with a view to show the effect of selected lives , —a valuable document , doubtless , but which gives no selection of life at advanced age ( for instance , they insure nobody after 60 ) , nor makes any distinction of sex ; and ,
lastly , which has only been published within these two years , and since the speculation alluded to , took place ! Moreover , the values of annuities , as resulting from this last observation , will be found to coincide exactly with Mr Finlaison ' s Tables after the age of 40 . In conclusion , we have only to observe , that any one who is really conversant with the science of Life Annuities must perceive that the principle on which Mr Finlaison ' s Tables ure constructed , involves of necessity a full allowance for the
values of selected lives among the higher classes , and certainly have carried the price of annuities to a greater extent than any preceding authority . " Mr Rickman , " says the writer we have been answering , "fya , s given proof of his ability to calculate correctly upon false principles ; Mr Finlaison has never supplied evidence of being able to calculate correctly upon any principle . " Indeed : and nobody has been able during these last 20 years to find it out ! Where-has the present discoverer been all the time ?
. We are of opinion that if even the individual thus traduced were tried by a Court-Martial , as his antagonist says he deserves to be , he would have nothing to apprehend from the result but an honourable acquittal . We have tried the ' Almanack correspondent by a different process , and really we fancy he does not cut the most respectable figure in the world . He has evidently been influenced by some personal pique or other , and his attack is as conspicuous for its malice as its want of ability . W . K .
Untitled Article
4 $ Liberal Mathematics *
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Citation
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Monthly Repository (1806-1838) and Unitarian Chronicle (1832-1833), Jan. 2, 1837, page 48, in the Nineteenth-Century Serials Edition (2008; 2018) ncse.ac.uk/periodicals/mruc/issues/vm2-ncseproduct1827/page/50/
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