The Copy Book

Liberty and Prosperity

Part 2 of 2

By Joseph Van Aken (?1704–1749), via Wikimedia Commons. Licence: Public domain.

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Liberty and Prosperity

By Joseph Van Aken (?1704–1749), via Wikimedia Commons. Licence: Public domain. Source
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Covent Garden piazza and Market, painted in 1726-30 by Joseph Van Aken (?1704–1749). In a free country, said Trenchard and Gordon, low taxes and firm but light regulation fostered an economy in which people worked hard, investors took risks, credit was readily available, and the cost of living was low. In a country where Government was meddlesome and self-serving, all this broke down, to be replaced by inflation and an atmosphere of dishonesty and mistrust.

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Continued from Part 1

For these Reasons, Trade cannot be carried on so cheap as in free Countries: and whoever supplies the Commodity cheapest, will command the Market. In free Countries, Men bring out their Money for their life, Pleasure, and Profit, and think of all Ways to employ it for their Interest and Advantage. New Projects are every Day invented, new Trades searched after, new Manufactures set up; and when Tradesmen have nothing to fear but from those whom they trust, Credit will run high, and they will venture in Trade for many times as much as they are worth: But in Arbitrary Countries, Men in Trade are every Moment liable to be undone, without the Guilt of Sea or Wind, without the Folly or Treachery of their Correspondents, or their own want of Care or Industry; their Wealth shall be their Snare, and their Abilities, Vigilance, and their Success shall either be their undoing, or nothing to their Advantage: Nor can they trust any one else, or any one else them, when Payment and Performance must depend upon the Honesty and Wisdom of those who often have none.

Original spelling

Abridged (preserving the original spelling) from ‘Cato’s Letters’ Vol. II (1723) by John Trenchard MP (1662-1723) and Thomas Gordon (?-1750).

Précis

In free countries (the authors went on) goods are cheap, credit is easy, new discoveries and inventions flow, and every man can pursue his dream. But in countries where the State can do as it pleases, simply being wealthy attracts the notice of grasping officials, and there is an atmosphere of well-deserved suspicion and distrust that soon stifles business. (59 / 60 words)

In free countries (the authors went on) goods are cheap, credit is easy, new discoveries and inventions flow, and every man can pursue his dream. But in countries where the State can do as it pleases, simply being wealthy attracts the notice of grasping officials, and there is an atmosphere of well-deserved suspicion and distrust that soon stifles business.

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Variations: 1.increase the length of this precis to exactly 65 words. 2.reduce the length of this precis to exactly 55 words. 3.introduce one of the following words into the precis: although, because, must, not, otherwise, ought, until, whereas.

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For each group of words, compose a sentence that uses all three. You can use any form of the word: for example, cat → cats, go → went, or quick → quickly, though neigh → neighbour is stretching it a bit.

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