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Updated: June 9, 2025
When annuities are granted upon tontines, the liberation of the public revenue does not commence till the death of all the annuitants comprehended in one lot, which may sometimes consist of twenty or thirty persons, of whom the survivors succeed to the annuities of all those who die before them; the last survivor succeeding to the annuities of the whole lot.
Paris narrowly escaped a commotion at the time of the imprisonment of Belot, one of the syndics of the Hotel de Ville annuitants, who, being arrested without a decree, President de la Grange made it appear that there was nothing more contrary to the declaration for which they had formerly so exerted themselves.
With respect to the proprietors of the stock or capital belonging to the three great companies, he asserted, that many of them would willingly have subscribed their properties within the time limited, but were necessarily excluded by the majority on the ballot; and as it was equally impossible to know those who were against the question on the ballot, he thought that some tenderness was due even to the proprietors of those three companies; his opinion therefore was, that they and the uncomplying annuitants should be indulged with further time to complete their subscription; but, in order to preserve the authority of parliament, and the respect due to that august assembly, they ought not to be gratified with such advantageous terms as were allowed to the annuitants who at first cheerfully complied with the proposals offered by the legislature.
He got up, therefore, as if he were in a passion, and spoke very artfully to this purpose: "These witnesses, monsieur, are not to accuse you, as you are pleased to say, but only to discover what passed in the meeting of the annuitants at the Hotel de Ville.
The Government, impoverished by wars and extravagance, reduced the value of these revenues, with the result of creating discontent and calling forth expostulation from the disappointed annuitants. Some of them met together, and, among others, Étienne Pascal, and gave such vent to their feelings as to alarm the Government.
The Cardinal, in talking of these annuitants, afterwards used to say, "Thanks to my star, I have outlived them all!" A wit, seeing him and Penautier riding in the same carriage, cried out, in allusion to this expression, "There go the Cardinal de Bonzy and his star!" It was now that the mania for poisoning began to take hold of the popular mind.
Several private annuitants, who had made a noise in the assemblies at the Hotel de Ville, were afraid of being called to account, and therefore, after M. le Prince was arrested, they desired me to procure a general amnesty.
This salutary scheme was violently opposed by alderman Heathcote, and other partisans of the ministry; yet all their objections were refuted; and, in order to defeat the project, they were obliged to have recourse to artifice. Mr. Winnington moved, that all the public creditors, as well as the South-Sea annuitants, should be comprehended.
Our company deals with large masses of men; consequently the annuitants are secure from those distressing fears which sadden old age, too sad already! fears which pursue those who receive annuities from private sources. You see, Monsieur, that we have estimated life under all its aspects." "Sucked it at both ends," said the lunatic. "Take another glass of wine. You've earned it.
Before the government plan was discussed in the house of commons, Howley, archbishop of Canterbury, entered a strong protest against it in the house of lords on the ground that it would reduce the bishops and chapters from the position of landowners to that of "mere annuitants". Melbourne complained of his protest somewhat angrily as premature, and provoked a vehement reply from Blomfield, bishop of London, who, though a member of the ecclesiastical commission, denounced any such diversion of revenues as "a sacrilegious act of spoliation". In the elaborate debates on the resolutions moved by Spring Rice in the house of commons Peel took his stand partly on financial objections and partly on the injustice of taking away from the Church a fund belonging to it by immemorial usage, and in the main willingly contributed.
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