a murderer, therefore he deserves to die,' etc. Here we proceed on the assumption (in this case just) that to commit murder, and to be a murderer--to deserve death, and to be one who ought to die, are, respectively, equivalent expressions; and it would frequently prove a heavy inconvenience to be debarred this kind of liberty; but the abuse of it gives rise to the Fallacy in question; e.g., projectors are unfit to be trusted; this man has formed a project, therefore he is unfit to be trusted: here the sophist proceeds on the hypothesis that he who forms a project must be a projector: whereas the bad sense that commonly attaches to the latter word, is not at all implied in the former. This fallacy may often be considered as lying not in the Middle, but in one of the terms of the Conclusion; so that the conclusion drawn shall not be, in reality, at all warranted by the premises, though it will appear to be so, by means of the grammatical affinity of the words; e.g., to be acquainted with the guilty is a presumption of guilt; this man is so acquainted, therefore we may presume that he is guilty: this argument proceeds on the supposition of an exact correspondence between presume and presumption, which, however, does not really exist; for 'presumption' is commonly used to express a kind of slight suspicion; whereas, 'to presume' amounts to actual belief. There are innumerable instances of a non-correspondence in paronymous words, similar to that above instanced; as between art and artful, design and designing, faith and faithful, etc.; and the more slight the variation of the meaning, the more likely is the fallacy to be successful; for when the words have become so widely removed in sense as 'pity' and 'pitiful,' every one would perceive such a fallacy, nor would it be employed but in jest.(263)
"The present Fallacy is nearly allied to, or rather, perhaps, may be regarded as a branch of, that founded on etymology--viz., when a term is used, at one time in its customary, and at another in its etymological sense. Perhaps no example of this can be found that is more extensively and mischievously employed than in the case of the word representative: assuming that its right meaning must correspond exactly with the strict and original sense of the verb 'represent,' the sophist persuades the multitude that a member of the House of Commons is bound to be guided in all points by the opinion of his constituents; and, in short, to be merely their spokesman; whereas law and custom, which in this case may be considered as fixing the meaning of the term, require no such thing, but enjoin the representative to act according to the best of his own judgment, and on his own responsibility."
The following are instances of great practical importance, in which arguments are habitually founded on a verbal ambiguity.
The mercantile public are frequently led into this fallacy by the phrase "scarcity of money." In the language of commerce, "money" has two meanings: currency, or the circulating medium; and _capital seeking investment_, especially investment on loan. In this last sense the word is used when the "money market" is spoken of, and when the "value of money" is said to be high or low, the rate of interest being meant. The
