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Subject Area: Political Theory
Subject Area: Law

Dr Richard Price to Bentham. - Jeremy Bentham, The Works of Jeremy Bentham, vol. 10 (Memoirs Part I and Correspondence) [1843]

Edition used:

The Works of Jeremy Bentham, published under the Superintendence of his Executor, John Bowring (Edinburgh: William Tait, 1838-1843). 11 vols. Vol. 10.

Part of: The Works of Jeremy Bentham, 11 vols.

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Dr Richard Price to Bentham.

Dear Sir,

I have this morning received your letter, which, having been directed to Newington instead of Hackney, has been too long in coming to me. In the second volume of my book on Annuities, I have published Tables which give the produce or amount of an annuity of £1, for any term of years, at any rate of compound interest; but this book is out of print, and I am now employed in correcting the press for a new edition of it. They also make a part of Mr Smart’s Tables of Interest; but this book is likewise not easily to be found, and therefore I have taken out of that copy of it which I possess, the two enclosed leaves, which will give you the information you desire, without any farther trouble. When you have done with them, be so good as to return them to me, that I may restore them to the book from which I have taken them. It is probably very needless to tell you that any annuity multiplied by the numbers, even with the years in these leaves, will give the amount of that annuity in those years at the rate of compound interest specified at the head of the columns. Thus £200 per ann. bearing 4 per cent. compound interest, and forborne for 18 years, will produce twenty times 200, but that is £4000. On twenty years it will amount to 200, multiplied by 29.778—that is, £5,955 12s.

“I am glad, dear sir, of this opportunity of assuring you that I am, with great respect and the best wishes, your very obedient, and humble servant.”

To some remarks which Wilson had been making on his style, he thus replies:—