FELLOWSHIP. 135 



7. Sold a repeating watch for 175 dollars, and by so do- 

 ing lost 17 per cent, whereas I ought in deahng to have 

 cleared 20 per cent, how much was it sold for under the 

 just value ? Ans. 23I. 8s. o-^d. 



FELLOWSHIP. 



FelloW'ship Is a general rule, by which merchants, &c. 

 trading in company, with a joint stock, determine each per- 

 son's particular share of the gain or loss in proportion to 

 his share in the joint stock. 



By this rule a bankrupt*s estate may be divided among 

 his creditors 5 as also legacies adjusted, when there is a de- 

 ficiency of assets or effects. 



SINGLE FELLOWSHIP. 



Single Fellowship is when different stocks are employed 

 for any certain equal time. 



HULE.* 



As the whole stock is to the whole gain or loss, so is 

 each man's particular stock to his particular share of the 

 gain or loss. 



METHOD OF PHOOF* 



Add all the shares together, and the sum will be equal 

 to the gain or loss, when the question is right. 



EXAMPLES, 



* That the gain or loss, in this rule, is in proportion to their 

 stocks is evident : for, as the times the stocks are in trade are 

 equal, if I put in \ of the whole stock, I ought to have t of ;he 

 whole gain ; if my part of the whole stock be f , my share of the 

 whole gain oi* loss ought to be 3- also. And, generally, if I put 

 in ^ of the stock, I ought, to have ^ part of the whole gain or loss; 

 ^at is, the same ratio, that the whole stock }ias to the whole gain 

 or loss, must each person's particular stock have tc his particular 

 gain or loss. 



