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Front Page arrow Titles (by Subject) arrow No. II. Table of the Produce of each Sum of 100 Livres, bequeathed by the Testator, from one hundred to five hundred Years. - Observations on the Importance of the American Revolution, and the Means of Making it a Benefit to the World

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Subject Area: Economics
Subject Area: Political Theory
Subject Area: War and Peace
Topic: The American Revolution and Constitution

No. II. Table of the Produce of each Sum of 100 Livres, bequeathed by the Testator, from one hundred to five hundred Years. - Richard Price, Observations on the Importance of the American Revolution, and the Means of Making it a Benefit to the World [1784]

Edition used:

Observations on the Importance of the American Revolution, and the Means of Making it a Benefit to the World. To which is added, a Letter from M. Turgot, late Comptroller-General of the Finances of France: with an Appendix, containing a Translation of the Will of M. Fortuné Ricard, lately published in France (London: T. Cadell, 1785).

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No. II.

Tableof the Produce of each Sum of 100 Livres, bequeathed by the Testator, from one hundred to five hundred Years.

It has been proved by the preceding table, that a sum of 100 livres, with the interest accumulating at 5 per cent. for 100 years, will produce 13,136liv. 17sous. By multiplying this sum by itself four times successively, it will appear that the following sums are the produce of each 100 livres at the end of each century.

Liv.sousden.
1mo. Produce of 100 livres, with the accumulated interest during 100 years13,13617
2°. Produce of 100 livres, with the interest, during 200 years,1,725,76856
3°. Produce of 100 livres in 300 years226,711,589126
4°. Produce of 100 livres in 400 years29,782,761,46113
5°. Produce of 100 livres in 500 years3,912,516,739,074153
No. III.
TABLEof the Disposition of the first Sum, amounting to 13,136 livres 17 sous.
Livressousden.
A prize of4,000
Three others of 600 livres each1,800
An edition of the Prize Discourse, extracts from the three others, with 50,000 copies7,33617
Total13,13617
No. IV.
TABLEof the Disposition of the second Sum, amounting to 1,725,768 livres 5 sous 6 den.
Livressousden.
A fund for 80 prizes of 100 livres each,1,600,000
Reserved towards defraying the expences of the executors,125,76856
Total1,725,76856
No. V.
TABLEof the Disposition of the third Sum, amounting to 226,711,589 liv. 12 sous 6 den.
Livressousden.
Five hundred patriotic banks for lending money without interest196,000,000
Building 12 museums at 500,000 liv. each6,000,000 }30,000,000
Fund for an annual income of 100,000 livres for each museum24,000,000 }
Reserved towards defraying the expences of the executors711,589126
Total226,711,589126

During the three years employed in building the museums, the income of 100,000 livres is to be laid by, towards purchasing the library, the cabinets, the carriages, the horses, and all the furniture of the museum. Afterwards it is to be employed as follows.

Livres.
Table-expences for the 40 members of the museum, the six secretaries, the designer, the engraver, and all the domestics, coachmen, cooks, gardeners, &c. }50,000
Salaries of the secretaries, designer, engraver, and wages of the domestics, }12,000
Expences of the stable and carriages,10,000
The library and cabinets,10,000
Repairs of the building and furniture,8,000
Printing and unforeseen expences,10,000
Total 100,000