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probably soon occur when we shall undertake the consideration of some of the topics the author has handled, and we shall then be able to enter upon a more extended notice of his views, and the result of his labour. We see from his preface that Mr. Bishop intends to publish shortly. two more volumes, which shall include pleading, practice, and evidence in criminal courts, and thus complete a valuable treatise, which we shall then be glad to introduce again to English students.
Popular Tables, Arranged in a New Form, giving Information at
Sight for Ascertaining, according to the Carlisle Table of Mortality, the Value of Lifehold, Leasehold, and Church Property, Renewal Fines, &c., the Public Funds Annual Average Price, and Interest on Consols from 1731 to 1858; also various Interesting and Useful Tables, equally adapted to the Office and the Library Table. By Charles M. Willich, Actuary and Secretary to the University Life Assurance Society. Fourth Edition. London : Longman, Brown, Green,
& Longmans, 1859. This excellent little volume is, for many of the practical purposes of the office, the best we have met with. Most lawyers have to consider an infinite variety of cases concerning investments, the interests of parties, the value of lives and of reversions, &c.; whilst some of our fraternity, who are much occupied with assurance offices, banks, and building societies, ought to be perfectly acquainted with the principles which govern their operation, and further, should possess the means of solving, easily and rapidly, any particular problem which may occur in business.
We extract from Mr. Willich's preface the following remarks as to some of the objects and contents of his volume :—" Invest ment of Capital—The most important to the man of business, are the new tables IV., VI., and VII., which show the prices which may be paid for property depending on the duration of life, so that the purchaser may receive a certain high rate of interest on the capital invested, while the re-investments to re-place capita are calculated on an average, to be made at 3 per cent. be unnecessary to point out to a purchaser of annuities, whether
depending on life or for a fixed term of years, the great advantage it is, to be enabled to ascertain at sight what the price should be, so that he may enjoy 5 or 6 per cent., according to the description of property purchased, and to know that the price paid will afford him that interest, should the re-investments to re-place capital be made at not less than 3 per cent. I incline to the opinion, that, if we take all circumstances into consideration, a purchaser cannot safely calculate on a greater average rate.”
Expectation of Life.—Law of Mortality. For several years my attention has been directed to the subject of an approximation to a law of mortality. In 1857, I submitted to the meeting of the British Association a paper, proposing a simple formula for determining the expectation of life between the ages of 5 and 60, viz. :
“ If a =
“Then } (812-a) = expectation, or years of after lifetime.
“The results obtained by the use of this formula correspond very nearly, for a lengthened period, with the expectation deduced from the Carlisle Table of Mortality.
“Bank Discounts.—The change which takes place in the value of money is of the highest importance, at it affects all the transactions of the world. I have therefore prepared a statement, obtained from many authentic sources, embracing the last fourteen years, from 1844 to 1858. This table includes the various rates of discount adopted by the Bank of England, and on each of the respective dates the amount of bank-notes issued or in reserve, with the amount of bullion held, and the price of 3 per cent. stock on that particular day. I have also added the average price of wheat in each year. This table presents at one view the progress of the money market during fourteen years, and how it was affected by the panics, the war with Russia, and the Indian mutiny."
The tables giving the value, according to the Carlisle tables of mortality, of reversionary estates, are both copious and well arranged, and the miscellaneous information connected with the subjects of coin, currency, prices, &c., is well presented in Mr.
Theory of Compound Interest and Annuities, with Logarithmic
Tables. By Fédor Thoman (of the Société Crédit Mobilier of Paris). London: Lockwood & Co., Stationers' Hall Court,
1859. THOSE who are able to apply logarithms to the multifarious questions of compound interest, annuities, reversions, &c., will find this small volume of great use. The editor of M. Thoman's work reinarks, that "numerical tables have been for some time in the hands of the public, and have rendered many valuable services, but, owing to their limits, they are only applicable to elementary transactions. Wherever the questions, although of daily commercial occurrence, are more intricate, numerical tables are of little use, as common arithmetic is inadequate to solve them. Consequently, most authors have not failed to commend the application of logarithms; and the arduous labour which is implied in the computation of logarithmic tables, appears to have been the only reason for preventing their being generally adopted.”
The enormous fipancial business now carried on either by individuals, companies, or governments, all over the world, has rendered the information which M. Thoman affords particularly necessary. M. Thoman himself, be it observed, is connected with one of the greatest financial speculations of modern times—that of the Société Crédit Mobilier of Paris.
The Logarithmic Tables in this book are printed with remarkable clearness, and do credit to the printing-press whence they emanate.
We reserve for future notice, the Report of the Commissioners appointed to consider the plan for consolidating, arranging, and revising the general Statutes of Massachusetts. This large and important work, published at Boston (William White, printer to the State, 1858), demands careful examination and review.
We purpose, on an early occasion, to discuss the subject entered upon by Mr. T. W. Flower, in his letter to the Chancellor
upon the Suitors' Fand in Chancery. We have also other works before us, notice of which we must defer.
Mr. Shelford has printed, as an addendum to the new edition of Crabb’s Conveyancing, Lord St. Leonard's recent act, “To further Amend the Law of Property, and to Relieve Trustees” (22 & 23 Vic., c. 35), which was passed a few weeks too late to be incorporated in the body of the work. The author has given in the sheet now issued, “references to those parts of the work which have relation to, or are affected by, the respective enactments” of the above-pamed statute.
Events of the Quarter.
THE NATIONAL ASSOCIATION FOR THE PROMOTION OF
The annual meeting of this Association has been held this autumn, as our readers know, at Bradford. That it has been eminently successful is universally acknowledged. Men of thought and men of action, interested in the most important subjects of the day, have been brought together; the expression of opinions, the interchange of ideas, and the comparison of experience, have produced corresponding advantages. Early next year the transactions of the Society will be published, which will afford us a more favourable opportunity for reviewing its progress and proceedings generally, than the fullest report with which we are now furnished permits of.
When Lord Brougham inaugurated this society at Birmingham two years ago, he set a stamp upon it which it has happily retained. This year at Bradford, even as at Liverpool in 1858, we found his active spirit pervading the society in all its departments. Real genius, we must fain believe, knows no old ageone of its peculiar attributes is activity. The spark received from heaven, must, from its nature, ever communicate the fire to all which surrounds it. This law (so strikingly evinced in the history of Titian, who, having nearly passed a century of years, still worked; of Michael Angelo, and of Humboldt) is again illustrated by Brougham, whose untiring efforts at Bradford, demonstrate with what energy he does that which his hand findeth to do. The men of Yorkshire, we were glad to find, knew how to welcome their own old member, whose great election formed an important crisis in the popular history of that day, as well as “the proudest circumstance” in his long successful career, as he has himself since declared When a member for