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Updated: May 24, 2025
Every possible contrivance by which money could be raised was resorted to. Lotteries were drawn, tontines established, letters of nobility offered for sale at two thousand crowns each. Those who preferred official rank could buy the title of Councillor of State or of Commissioner of Police.
We offer annuities at rates graduated according to ages, on a sliding-scale infinitely more advantageous than what are called tontines, which are based on tables of mortality that are notoriously false.
In countries where it is usual for government to raise money by granting annuities, tontines are, upon this account, generally preferred to annuities for separate lives. The expedient which will raise most money, is almost always preferred to that which is likely to bring about, in the speediest manner, the liberation of the public revenue.
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