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Marks, notations and other marginalia present in the original volume will appear in this file - a reminder of this book's long journey from the publisher to a library and finally to you. If one promises to give a thousand dollars to another, who upon this, in- creases his expenses, sends his sons to college, 8z;c. Every person who relies and acts upon a gratuitous promise, does so at his own risk.Usage guidelines Google is proud to partner with libraries to digitize public domain materials and make them widely accessible. He cannot by so doing convert it into a legal contract. It will be perceived that in the writing the subscribers say " the above agreement is to be ** binding only on tlie following conditions." Then follow the conditions, one of which is, ^* That the principal of the said sub- ' cliarged the jury that if Dr, Davis^ who procured die subsorip H* m donsi did persuade any persons to sign the paper, with a new that- ' he might make use of their names to mduce others to srign, and i did promise to dischaige them without any paym^c, and afte^ ward3, and after they had been used to draw in others, did dls^ 1j charge them, or suffer them to erase their names, it would avoid^ the whole subscription. They did not 59^ or mean, as the Plaintifis' declaration has it, you have laid out money, go on, lay out more, add new proie^ors, &c. One cannot analyze this posi- tion of the Plaindfi B without a smile. The stib- flcribor says : ^'I fear your funds are inadequate, I will give you for a permanent fund £:ur hundred dollars, payable b four years.*' **Thank yon," reply the Corporation, "we will add two profes- sors and apparatus, and expend money in carrying on the College agreeable to your requtstj and chaige you for money laid out to your use." 2* In Kenda Uf Boutett^ and others vs. With how much force it might have been urged in that case that the Academy was erected, and the money expended, upon the faith df that subscription ! In this writini^^ the subscribers say, we will give so much towards a general fund for Middlebury Collegey and pay it at such a time. tvitbout any reference to what the College might do, shows that no sacb proposition was intended. Judge Sewall, in delivering the' (Opinion of the Court, observed that the first objection might be •got over, diere having been some legislative enactment upon the autfect. Among other reo MLrics he has the following : "The general principle is that, vol- untary agreements and premises, however reasonable the expec- tation from them of gifts or disbursements, even to public uses, when made without consideration, are not to be enforced as con- tracts." In 14 Miss. The Academy was afterwards, and before the suit was brought, erected.

Were the doctrine now contended for correct, the Court might have saved themselves the labour and learning expended m those cases.An array of robustness checks are employed, using diverse methods. This work helps lay the foundations for downstream macroeconomic research in academics and government.This is a digital copy of a book that was preserved for generations on library shelves before it was carefully scanned by Google as part of a project to make the world's books discoverable online. The condidon as to what should be done with the money cannot be construed into a correspondent obligation on the part of the corporation, constituting a consideration for tiie subscri- bers' promise.It has survived long enough for the copyright to expire and the book to enter the public domain. It is not put into the form of a promise or con- sideratio B.A public domain book is one that was never subject to copyright or whose legal copyright term has expired. Another consideration had just been expressed : and moreover, the paper was not signed by the corporation, or any one acting for them, which shews that it was not the design to impose upon them any obligation of any kind.

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