“On the Enjoyment of Unpleasant Places” (1874)
In this essay RLS describes his experiences at Wick in 1868 when he was training to be a lighthouse engineer. Stevenson found Wick to be a harsh and inhospitable place, but nevertheless, he found a means of enjoying the countryside by taking pleasure in the small things. For more information, you can also read the page devoted to Highlands & Islands in the Footsteps section.
It is only in respect of the post-1720 period that we know somewhat more about Cantillon, who spent these years partly in London, having withdrawn there from Paris, and partly in travel. This information is based on the court cases, to which Mirabeau alluded, and their files which were tracked down by Higgs, following a clue from Jevons. It emerges that Cantillon, at the beginning of 1720, changed his Paris bank into a limited partnership under the name of "Cantillon and Hughes," the Cantillon is question being not our author but a four-year-old nephew, the other partner being a certain John Hughes. Cantillon himself was the partner of limited liability; he supplied the entire capital and was entitled to two-thirds of the profits, the other third going to Hughes, more or less in his capacity as manager. The nephew was not entitled to anything. Shortly afterwards—at the peak of the Mississippi speculation—the firm engaged in those transactions which ended in the court cases. It advanced about £40,000 to a series of people, mostly English nobility, to finance the purchase of Mississippi shares, the price of which these people expected to rise. Cantillon, who foresaw the imminent collapse of Law's system, directed Hughes to sell immediately the shares which had been pledged, invest the proceeds in sterling claims and hold only such quantity of shares as he could be called upon to hand over on demand. Cantillon adopted the standpoint, as he later explained, that the shares had not been lodged by serial number with him and were not a deposit in the strict sense but rather an undifferentiated lodgment and hence that no client had a claim to specific shares. This action yielded an extraordinary profit for the firm, as the shares which it disposed of at high prices could be replenished after the price collapse and the funds involved, instead of being tied up, could meanwhile attract substantial interest in perfectly safe sterling deposits.
Essays About Tourism And Travel - …
Ever wish you took a year off after school to see the world? Rucksack vicariously with Friedman’s transitioning travel journal about the year she spent plane-and prepare jumping crosswise over three mainlands.
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It was written in French, and it is the English themselves who have translated it into their language from the original of M. de Cantillon. He was an Irishman who was for many years a Banker in Paris and died tragically in a fire here. A man of great intellect, he associated with people of the highest social standing and was a special friend of Lord Bolingbroke. It is not known through whom or how the manuscript came to be published or why its publication was delayed for twenty years. Neither is it known why the calculations, which several persons claim to have seen in manuscript form, were suppressed at the time of printing.
Essay on a memorable travelling experience
A month ago appeared a new work on Commerce entitled in a fairly large duodecimo volume. This book has not been translated from the English, as is stated with design upon the title page. It is a work originally composed in French by an Englishman, M. de Cantillon, a man of condition, who finished his days in Languedoc, where he had retired and had lived many years.
Short Essay On Travelling As A Part Of Education, Us Phd The
Higgs is the only really trustworthy source, and even the earlier accounts are dependable only so far as that they were endorsed by him. The fact that Cantillon's life, in spite of this, is still largely cloaked in darkness may be attributable partly to the not unusual propensity of people in his profession to shun the glare of publicity. Nevertheless, what we do know about Cantillon gives us a starting point, no matter how strange it is that Higgs, having searched through hundreds of contemporary memoirs and diaries, had to report that he could not find a single mention of Cantillon's name and that none of the writers who followed Higgs' lead in taking up the case of Cantillon succeeded in adding anything to our knowledge of his life. Indeed, P. Harsin, one of the finest experts on French financial history of that period, has only recently expressed his astonishment that the French sources have nothing further to contribute. It is scarcely necessary, therefore, to say that what follows is essentially a summary of already known facts.