Publisher's Synopsis
Excerpt from Industrial Investment and Emigration
The idea Of a society upon this principle, correctly formed and afterwards properly managed, is of the most admirable kind. For on the one hand it holds out inducements to industrious individuals to put by periodically from their incomes small or large sums, which are invested for them by the society, and, at the end of a certain time, are repaid to them in the shape of a large accumulation, without their having themselves the trouble Of seeking for suitable investments; while on the other hand, the money subscribed, being advanced to some of the members, enables them to purchase houses, or Similar property, and to repay the loan by small periodical instal ments, extended over a number Of years.
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