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From this, his opening sentence, it would seem that Mr. M'Culloch mistook the force and tendancy of Adam Smith's reasoning, who does not, in the passage annotated by Mr. M'Culloch, advocate the change of a foreign for a home trade of consumption.
'To oblige you, certainly, said Louis, smiling, and turning to the first page, but his vivacious eagerness was extinguished. M'Culloch is not an author to be thoroughly read without a strong effort.
Mr M'Culloch and other statistical writers predict the speedy extinction of the elephant, from the enormous consumption of its teeth; and curious calculations of the number of these animals annually extirpated to supply the English market alone are now getting somewhat popular.
J.R. M'Culloch, maintain that, by the principles of economic science, Absenteeism is no evil at all. Apart altogether from the views of political economists, there are certain evils which result from Absenteeism. 1.
About 9 o'clock the enemy launched a counter attack against F and G barricades without success, and again at about midnight a second counter attack also failed. Our casualties, excluding those of the attached grenadiers, were two officers wounded, Lieut. M'Culloch and Lieut. Dewar. Other ranks, eleven killed and thirty-six wounded. The West Attack was commanded by Major Neilson.
Senior and M'Culloch hold that it makes no difference whether the Irish landlord spends his rents in Dublin, on his Irish estates, in London, in Bath, or elsewhere. I profess, sir, I cannot understand that theory. I believe that the first ingredient in the happiness of a people is, that the gentry should reside on their native soil, and spend their rents among those from whom they receive them.
Rural Rides, p. 386. Even M'Culloch had recommended a partial repudiation. Political Works, iv. 237. Ibid. ii. 19, 107, 250, 346; and iii. 423. See Parliamentary History, xxx., where the first use of the phrase by Hardinge is reported. Political Works, vi. 176. Ibid. 395. Rural Rides, p. 446. He complains bitterly that Ruggles had suppressed this in a second edition.
M'Culloch proposed to make this change because it was ardently desired by the working men of the colony, and these could by their votes control the action of the Legislative Assembly.
M'Culloch, whether political economists or not, have not, we believe, hitherto thought of producing against him. If the question be now asked, which of the countries of the world gains most by foreign commerce, the following will be the answer. If by gain be meant advantage, in the most enlarged sense, that country will generally gain the most, which stands most in need of foreign commodities.
This document was intrusted to two Commissioners for conveyance to the Territory; one of them, Mr. L.W. Powell, lately Governor, and at the time Senator-elect, of the State of Kentucky; the other, Major Ben M'Culloch, of Texas, who had served with distinction in Mexico. In their appointment, Mr.
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