Life
Baily was born at Newbury in Berkshire in 1774 to Richard Baily. After a tour in the unsettled parts of North America in 1796–1797, his journal of which was edited by Augustus de Morgan in 1856, Baily entered the London Stock Exchange in 1799. The successive publication of Tables for the Purchasing and Renewing of Leases (1802), of The Doctrine of Interest and Annuities (1808), and The Doctrine of Life-Annuities and Assurances (1810), earned him a high reputation as a writer on life-contingencies; he amassed a fortune through diligence and integrity and retired from business in 1825, to devote himself wholly to astronomy.
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Famous quotes containing the word life:
“... when you make it a moral necessity for the young to dabble in all the subjects that the books on the top shelf are written about, you kill two very large birds with one stone: you satisfy precious curiosities, and you make them believe that they know as much about life as people who really know something. If college boys are solemnly advised to listen to lectures on prostitution, they will listen; and who is to blame if some time, in a less moral moment, they profit by their information?”
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