New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1850-09-05

ard practical statesmaD, Ono Wno' ndsIna =. 60
Aims elf to the liberal pot'oh Pafsy, go A.
nm mn blc life in the House OF commons, uS
hirn,sr With the EdiaburEh scholmep 20 an
rscisi stndv of the science OF Political ECONOMY
W. linz to Francis Homer. he studied pa
.;.s.. .na rer.eyeringIy Adam 8GIith's work. lie
stndie6 aleo the science OF Political Economy
The results Of his studies are communicated 10 os
in the following passages;
have besu under The necessity of snspsnding our
n,ogre,s in ihe perusa Of Tbs Wealth OF HatonI on ac
Unit of the IL aurmoun4be difficulties obscuriy aud ei
barrsneni lie which Ire reatonings OF Stn =,
feelings on mater Of his kiad. any year, eZo "a
frst read the Wealth OF sons, tbs Woe OF sas w.
book Appeared 10 me gs perspicuous IS Was tnSl
snd new Some lime afsetwgrd while lived 10 England
attempted 10 n axe abstract Of srn pT'elp1
~ gas and the distlr ciion between nominal sne res
price fhe discovery hist did DOT 1ndelssno blnn
IN a-ya I tbonebt saw hat the price Of labor Wes
the ofthpg as he pce OF any 2d sd to some.
~ VIC ,a ssreesble becsuse more easy'- Memoirs "
Francis Homer, Yo-I, lo54 1T, - ,,a 1,ns NJ
Tbefe has been nothing new very lsey IN ' nd Ns
Political Economy aoagn 0sse Al indirect app:s
lion " AZ made 10 me turniah set OF noes so de-
o ~. sfhi, Wealth of Nations This, OF course ri STI
nGh o. .s have her thipgu TO attend 70; even
SnS hsn rspsres for such undertaking which 2
am not 5e -, oyE bas operated It's fall effect We eve
mnrh Al present the EDperBous WorsnR 10 grtory
pane and must rot impair ns errors 10 The
u mo1s at least of any great ana
until we can give acoec aud PRECISE nsnsba aud loose
aud oflgn 0' W o. ODD nor i vulgsr any NE
noirs of Francis Homer, Vol !, p Z%s.
THE opipions Just quoted are those Of man Wno
,vas Az 3yosay educated as q scientific statesman,
ard WHO was introduced ara reoeiYeu ia an"
noent With this high character
You will not fail to mark the deep importance Oh
his words when he declares that c0r1ec' ana Pre-
cise theory of the nature aud origin Of oeattn mas
not been discovered either by Adam emlin OF ny
apy other member Of the school.
The writer who has appeared last on Ile S'ae9
of literature of those VINO connected inhaen'
italy with the modern zchool OF Political Hcoho-
n'isfs ia MIR John Stuart Mill; the work OF thls
writer having been very recently presented to the.
world The estimation liz which DIR. Mill holds the
work of Adam Smith-that WORK whlch our snos1
influential lesdiDg statesmen bava OF iase deca'ea
10 be slLsuficisnt for guiding them In their mosS
important courses OF national iaW-fDshinS' Id @u
nopnced by the following words:
nTte wealth of Naion is in mary parts obsolete, and
in all i'm perfect Political Economy, properly 30 called
has grow up eInost from nfsncy since the time OF Adam
smh ARD the philosophy OF society from which practical
y thai en- thinker separated his more pecaar
advanced many steps beyond poDt which he len IT,
-IPInclples OF Political Economy by John sIuefs MILL
vol /, p elace, p,5
Such are the proofs we have to lay before the
work pe men of this nation respecting the assumed
school, That which the whole people have been
exhorted to admire and to adopt is admitted to be
nothing better shan "a POPULAR, PLAUSIBLE, ARD
LOOSE Hypothesis" but although OF thls worthless
character, it lie, nevertheless pronounced TO be-
"As GOOD FOR VULGAR AS ANY OTHER
Many more suoh proofs might be adducea' out
we have adduced sufficient You will now see
how urgent the necessity ia for renewed and more
skilful investigation in this important Held OF
science,-a feld of inquiry in which the dearest H.
terests of yourselves and your families, oil every
family of the nation, and indeed OF the whole
world are compromised.
The great and urgent question then ls-W has
shall we do? What practical course can be adopt
ed7 In reply to this question we answer ae iol-
lows:-We epjoin you, in the first place TO ex'
anime well, and to consider maturely, the few sog-
eestons and the declarations contained Ia this ad-
dress. Enough is presented in 1t to lead your
minds to q solemn consideration OF those prlaclples,
and that course Of social action which conduoe, on
the one band. to the elevation, and, on the other
hand to the depreBB of the interests OF thoae
who have to live by their labor. Be prepared to
give eifectual support for securing, before com
potent tribunal, full examination and discussion
of the mighty subject We, on our parts, will be
prepared to adduce evidence, and 10 submit argu,
ment in accordance with the declarations contained
in this address, This we solemnly promise you.
Butt then this evidence and this argument, must be
submitted 10 those who alone can give to tbem
practical influence and effect when they arc 80
established. We mean those statesmen to whom
the power OF governing the nation ID entrusted.
1t 10 generally seen and admitted that the gov
erning principle and power Of our country are At
the present iuncture OF national affairs, In po-
bitlon of lnmentebe instability which could not be
if the principle were true, and the power broadly
aud deeply foundt d.
The ptodominatipg influence and power OF arts
tocrstio government having prevailed for length
arlbkO
CT attic party having raised the structure OF It's gov
| erTment upon the ancient constitutional principles
! departed from these principles, introduced corrup
/ ton, ard is now deposed.
The predominsting influence and power Of the
middle classes Of the nation are acknowledged and
accepted at tbs present time. The party thus COZ
stituted having introduced principles OF genera
1 and social action, the meanest incentives and mo
tives that can animate the human mind, namely,
the Fl ee aud full action OF unenlighfened Beltinter
est--she unqualified love of wealth and the grstlh
cation of this love-the accumulative principle o.
social action instead Of the distributivs-their po
! ical philosophy being Of q character wholly ner
| cAntile--ie now impaired and degraded by the con
fictng operation Of those courses which 1t sets in
| motion and stimulates. This power also lie IN q
condition to be rejected.
Let us, then, be prepared You be prepared to
| give us al necessary support IN temperate, hrm,
| and constitutional manner,-at all times remen'
/ herlnS thas IN Undertaking 10 argue anu W sie@'
OF our own rights and interests, we must necessa-
ry, argue and treat also Of the rig hts endinterests
otothera. We, on our parts, will be ready to show
your rights, both in manner and in substance not
hitherto attempted. Resting our case GA it's right
foundations, and submitting it in the good shape OF
calm and dispassonate reasoning there will not be
" anting to US jealous and honorable advocates
both within the walls OF Parliament and without
them by W hose aid fall and fair hearing, followed
by Just judgment, will be ensured us.
If, then your Judgments approve the views and
declarations " have now submitted to you, 1t will
he your duty to give an ardent support the cause
in every sphere where your influence may be ex
erted and ielh and on every fitting opportunity.
Moreover you must be resolute in demanding that
We be heard. This hearing will, We fee! assured,
lead to confinement, in the cases of those HON