date

14 Dec.r 1801 Maximum 1
14 Dec.r 1801

Maximum

1

In speaking of a maximum as a measure that might eventually become an eligible

one, I must beg not to be understood as proposing a system of compulsion,

obliging growers or vendors of corn to send it in to market either all at once

or according to any system /plan/ of regulation in respect of numbers,

quantities times and places.
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  • Title: [13 Dec.r 1801 Maximum 2]
    Description: 13 Dec.r 1801

    Maximum

    2

    without trial – that farmers ought not to be forced to send in their corn to

    market – especially not all of them the same day and every day: that people

    ought not to be forced to take a gram or two of stamped paper for an ounce or

    two of gold or silver: with a multitude of other propositions as incontestable

    as these. But what has all this to do with such a maximum law as any one would

    propose for Britain.
  • Title: [14 Dec.r 1801 Maximum 2]
    Description: 14 Dec.r 1801

    Maximum

    2

    Compulsion being out of the question, what assurance it may be asked can you have

    that your price when settled /thus fixed/ will be accepted of {by the parties

    interested}?, and /but/, if not accepted of, then comes famine. I answer – the

    same assurance that exists in all other cases /instances/: and that in all other

    cases, is proved to be well-grounded by experience: the abundance of /natural

    sufficiency of/ the inducements for brining the article to market: the absence

    of all inducements for keeping it back, I should /might/ have said a much

    stronger assurance. The {measure of} profit still obtainable will not be a

    profit merely equal to the greatest usually obtainable in other trades – or at

    other times in this trade – but much greater: the inducement which without the

    maximum prompts men to keep back the article, would by the maximum be taken

    away: without the maximum, experience holds out almost a quadruple price as

    obtainable, presumption might hold out a greater and indefinite one: the maximum

    admitting of no more than a double price little more or less putting /puts/ an

    end to all such expectations, leaving /and leaves/ the allowed price as the only

    obtainable as well as abundantly sufficient price.
  • Title: [12 Decr 1801 Maximum Beginning]
    Description: 12 Decr 1801

    Maximum

    Beginning

    2

    I do not mean /give/ it as a whip /an instrument/ or scorpion for the punishment

    of the growers or vendors of corn: I do not mean to hold them up /mark them out/

    as set of objects of legal punishment, nor so much as of moral censure.

    I do not pretend to say that any of /among/ the instances /precedents/ in which

    the prices of labour or goods has been limited by law there is a single one that

    can justly be looked upon as a case in point with reference to this. It is

    something indeed to show that this would not be absolutely the first and only

    instance /it can not be said that there is no instance/ in which Government has

    taken upon itself to limit prices. But when those cases came respectively to be

    examined, /examine the cases, and it will appear /you will see// there is not

    one of them that will not be perceived to differ from this in some essential

    point, and that so materially that although in these cases it should be

    expedient, in this it might notwithstanding be the reverse.