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17 Decr 1801
Maximum
Long introduced[?]
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seemed to be yet to make, I will take the liberty of repeating them in the order
in which they stand, accompanied with the respective reasons which have
presented them to my view as being jointly as well as severally
inconclusive.
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Title: [17 Decr 1801 Maximum Long introduced]Description: 17 Decr 1801 Maximum Long introduced[?] 1 In regard to this question I had remained in that state of self-conscious and quiet ignorance, in which I have never found any difficulty in remaining in regard to any question in which I had no particular motive for bestowing a thorough examination suspended between what seemed to me to be a plain and primâ facie conclusive argument on one side and the force of authority – the opinions of the most esteemed authors /writers/, and of individuals whose opinions stood the highest in my own estimation, on the other, when happening to take up /on opening without any particular view/ a pamphlet which I had heard ascribed to a late Secretary of the Treasury on the other, and to open it at a part /the place/ where the topic of a maximum is touched upon, and the /a number of/ arguments against the measure /on the other side/ held up to view, I was struck at the same time with the number and variety of them, and with their /the/ inconclusiveness of them /the whole collection/ for such it appeared to me on the other. And is this all then said I, that there is to say against the measure? – if so, then as I have all along suspected, the horror in which it has been held by the best opinions has nothing but prejudice, and {an} /a too indiscriminate/ attachment to general principles for its foundation /cause/: so that the leaning which with or without sufficient cause I have now some reason to entertain in favour of the measure has been confirmed if not altogether produced by the arguments which in the eyes of the Hon. Gentleman formed a sufficient ground for reprobating it Looking upon the observations presented /delivered/ /made/ by the Hon. Gentleman on that head as containing /constituting/ a pretty compleat index to any such arguments as might be delivered /urged constructed/ on that side, though to any view of the matter the arguments themselves seemed
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Title: [15 Decr 1801 Maximum 5]Description: 15 Decr 1801 Maximum 5 I mention thus much – I go /travel/ with the more freedom /latitude/ in this line of argument – that it may be seen whether any prepossession – any ill humour, any precipitancy – adherence to formerly declared opinions has had any share in the production of the sentiments here expressed – or rather of the arguments here submitted. I say the arguments: for it is thus for them to speak for themselves and to make whatever impression they are competent /qualified/ to /may be commensurate to/ make by their intrinsic weight. As to opinion – of that fixed and decided sort by which conduct is determined, it is matter of self-congratulation to me that in my humble situation I am not obliged to form one: but if I were, judging from such lights as have as yet appeared to me I am inclined to think it would be in favour of the maximum law. As to authority if any one should be inclined to bestow the weight of a gram upon the opinion, as adding a particle of force to the arguments more than they would appeared to possess had the quarter from whence they come remained unknown, he will ascribe /set/ so much more value to /on/ it than is ascribed to /set on/ it by the author himself by him who entertains it. I have endeavoured /studied[?] for about these 30 or 40 years/ and I think I have succeeded so to order my mind as to be able to stop at any point between perfect conviction and absolute doubt, according to the opponent force of evidence in each case, as it presents itself at the time.
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Title: [14 Decr 1801 Maximum 1 Bread]Description: 14 Decr 1801 Maximum 1 Bread 1 The /My/ aim in these pages being – not the gaining of a point – but the disentanglement of useful truth on which side soever it may be to be found, arguments that appear inconclusive must, on whatever side they present themselves, be equally as such held up to view. Cases of various kinds have been referred to /pointed out/, as precedents of a maximum law: they are so of a maximum taken at large of a fixation of prices taken at large: but they do not any of them appear to be in point or to come up to the case when applied to the case of corn. The nearest case upon /to/ a superficial view, is that of the assize of bread: and to a superficial view, it is indeed a very near one: the subject matter being the same article /individual parcel of matter/ only in different states. But in point of principle the analogy is altogether wanting. Of The fixation proposed for the price of the corn the effect would be to prevent it from rising beyond /above/ a certain mark above the mark so fixed upon for that purpose. The sort of fixation in use in regard to bread leaves the price free in effect to rise to any heighth. What it determines is – not the absolute price of bread but only its proportion to another price the price
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