MrFanesays，’inthecourseofmyprofessionallife，asaCommissioneroftheCourtofBankruptcy，Ihavelearnedthatthemostunfortunatemanintheworldisaninventor。Thedifficultywhichaninventorfindsingettingatcapitalinvolveshiminallsortsofembarrassments，andheultimatelyisforthemostpartaruinedman，andsomebodyelsegetspossessionofhisinvention。’
ib。p。82。
7。IthasbeenfoundpossibletoeffectthisthroughtheLimitedLiabilityAct，byerectingthecapitalistandhisworkpeopleintoaLimitedCompany;asproposedbyMessrsBriggs。
8。ByanActoftheyear1852，calledtheindustrialandProvidentSocietiesAct，forwhichthenationisindebtedtothepublic—spiritedexertionsofMrSlaney，industrialassociationsofworkingpeopleareadmittedtothestatutoryprivilegesofFriendlySocieties。Thisnotonlyexemptsthemfromtheformalitiesapplicabletojoint—stockcompanies，butprovidesforthesettlementofdisputesamongthepartnerswithoutrecoursetotheCourtofChancery。TherearestillsomedefectsintheprovisionsofthisAct，whichhampertheproceedingsoftheSocietiesinseveralrespects;asispointedoutintheAlmanackoftheRochdaleEquitablePioneersfor1861。
9。InanoteappendedtohistranslationofM。Coquelin’spaper。