Industrial Investment And Emigration Being A Treatise On Benefit Building Societies And Tontines And On The General Principles Of Associations For Land Investment And Colonization With Some New Theorems In The Doctrine Of Compound Interest

Author : Arthur Scratchley
Publisher : Forgotten Books
ISBN 13 : 9781330376713
Total Pages : 407 pages
Book Rating : 4.3/5 (767 download)

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Download or read book Industrial Investment and Emigration written by Arthur Scratchley and published by Forgotten Books. This book was released on 2015-06-25 with total page 407 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from Industrial Investment and Emigration: Being a Treatise on Benefit Building Societies, and on the General Principles of Associations for Land Investment and Colonization, With an Appendix on Compound Interest, Tontines, and Life Assurance I. In the First Edition of this work, which was published in the year 1847, we undertook, mainly, to examine the characteristics of Benefit Building Societies, which were, then, all established on the Terminating System, and endeavoured, while pointing out and classifying errors of practice and theory into which the majority had fallen, to lay down principles which might serve as a guide to the correct formation of future societies, and as the basis of some consistency in their subsequent operations. We desired also to urge, upon the Managers and Directors of many that were already in existence, the necessity of turning their attention to the errors described, and of taking such measures as might be calculated to remedy the evil, by introducing judicious alterations into their rules and rates of subscription, or by making such other improvements as would be likely to avert from the societies confided to their care the disastrous termination, which they could not otherwise avoid. We recommended, also, the new system, we had devised, of associations on the principle of Permanent existence. It is gratifying to observe, that this effort to raise the standing of a class of institutions so eminently philanthropic has not been wholly unsuccessful. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.