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Subject Area: Law

Bentham to George Rose. - 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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Bentham to George Rose.

“A Bill, I see, is brought in for the establishment of a company, under the name of the Globe Insurance Company. According to a paper I have received from a gentleman who seems to have been a principal promoter of the scheme, it appears, that whatever there is of originality in it, is in substance and even in name (see Foreign and City Bank) taken from a printed paper of mine herewith enclosed.* I am speaking of what is styled, in that paper as well as mine, a Frugality Bank. My endeavour has been to draw a circle round the subject; a circle within the which, amongst other things, whatever concerns Friendly Societies should be comprised. I should be sorry to think that anything of mine should have had the effect of giving birth to an institution that might at any time be found to merit the appellation of a bubble: in the note to p. 181 may be seen the reasons I have for being apprehensive lest any pecuniary engagements, depending upon rates of vitality, stand exposed to this danger, and must remain exposed to it till the data therein spoken of shall have been provided.

“A paper herewith sent, you will find marked No. IV., those of which it is a continuation, were sent to you as they came out. The present one would have followed them long ago; but to get it up, or even to send it, required exertion—a faculty which, together with so many other faculties is suspended in me, if not destroyed, by causes of which you are not altogether unapprized. Taken together, my papers might perhaps be found to show that anything of this sort is but an ineffectual scrap of a perfectly effectual whole. I have the honour to be, &c.”

[* ] One of the Papers on Pauper Management inserted in the Annals of Agriculture; see vol. viii. of the works, p. 409 et seq.