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270 WILLIAMS' CASE.
$ little more. Calculate at simple interest and the value of
£100 receivable twelve years hence, is about £58 5$. Od.; because
£58 5s. Od. at simple interest of six per cent, amounts, in twelve
yean $ to about £100. Suppose a man accustomed to let money
at interest, he can lawfully exact only six per cent, and must not
charge interest on interest Who is there, that can afford to let
money at interest, and dispose of his surplus money in no other
way, that would not be willing to receive twelve years hence the
sum of £10,000 for £5,000 now lent ? It is evident, that at simple
interest, unless punctually paid and instantly let out, he cannot, in
twelve years, convert his £5,000 into £10,000; at mere simple
interest it amounts to only £8,600; because £300 is the interest
of £5,000, and £300 + 12 = 3,600 + 5,000 = £8,600.'
'The Chancellor has taken the trouble to demonstrate clearly,
that young widows hare not generally received near the value of
their dower. It is plain to common sense, that the dower of an
old woman cannot be equal in value to that of a young one. To
fix one value of all dowers is therefore, preposterous. The Chan-
cellor has, with great trouble, care and attention, calculated, on the
principles here laid down, the value of dowers of women of dif-
ferent ages. It is certain, that the value of the dower of a healthy
woman twenty years of age, who has an equal chance of living
thirty, is more than that of a woman, who has attained thirty years;
however, the Chancellor, under all circumstances, has thought
proper to consider the dower of all women, not exceeding thirty
years of age, to be no more than one-eighth of the net sum produced
by the sale of lands; and he thinks proper to pass a general order
agreeably to which allowances for dower hereafter shall be made.'
'A healthy widow, not exceeding thirty years, shall be allowed
one-sixth of the net amount of sales; if above thirty and not ex-
ceeding thirty-seven, one-seventh; above thirty-seven and not ex-
ceeding forty-five, one-eighth; above forty-five and not exceeding
fifty,one-ninth; above fifty and not exceeding fifty-five, one-tenth;
above fifty-five and not exceeding sixty, one-eleventh; above sixty
aid not exceeding sixty-five, one-twelfth; above sixty-five and not
exceeding seventy, one-sixteenth; after that age all allowed one-
twentieth.'
Some time after which, in the year 1804, the subject was again
taken into consideration by Chancellor HANSON, when he thought
proper to alter the graduation of the allowance to widows. 'From
the table and calculations,' says he, 'taken from Simpson's Algebra,
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