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Updated: May 2, 2025
About 1820 he was apprenticed to Mr. John Knox, a teacher of drawing, in Glasgow, who was celebrated as a landscape painter, and than whom no one was ever better qualified to teach the principles and practice of art. Associated with Mr. Macnee at this time were Mr. Horatio M'Culloch and other young men who subsequently became artists of eminence, and the lessons imparted by Mr.
M'Culloch in the month of February, 1741-2. He communicated to me the copy of two letters from that eminently-favoured servant of God, giving an account of that extraordinary success which had within a few days accompanied his preaching, when, as I remember, in a little more than a fortnight, one hundred and thirty souls, who had before continued in long insensibility under the faithful preaching of the gospel, were awakened on a sudden to attend to it, as if it had been a new revelation brought down from heaven, and attested by as astonishing miracles as ever were wrought by Peter or Paul, though they only heard it from a person under whose ministry they had sat for several years.
M'Culloch meets the question more directly as follows: "Suppose, for the sake of illustration, that the case put by Dr.
M'Culloch had an inviting opportunity of exposing its unsoundness in the edition of The Wealth of Nations edited by him; and in fact he has written an elaborate note on the passage, but, as it seems to me, without proving the doctrine which it enunciates to be incorrect. Here is the portion of Mr. M'Culloch's footnote which deals with the subject: "Dr.
It implies, again, what M'Culloch sums up as the 'fundamental theorem, that the value of 'freely produced commodities' depends on the quantity of labour required for their 'production. What is made by two men is worth twice what is made by one man. That gives what M'Culloch calls the 'clue to the labyrinth. The doctrine leads to a puzzle.
On the way over, M'Intyre found and buried the bodies of two unfortunate pioneers who had preceded him, Messrs. Curlewis and M'Culloch. They had. been murdered when asleep by the natives. Twenty-two days after leaving the Paroo they reached Cooper's Creek, and then pursued much the same track to the Gulf as that formerly followed by Burke and Wills, and M'Kinlay.
The Federalist instinct was constructive, not destructive, and accordingly Marshall's fame rests on a series of constructive decisions like M'Culloch v. Maryland, Cohens v. Virginia, and Gibbons v. Odgen. In these decisions he either upheld actual national legislation, or else the power of the nation to legislate.
M'Culloch is simply generalising Adam Smith's congenial doctrine that statesmen are guilty of absurd presumption when they try to interfere with a man's management of his own property. This theory, again, is expressed by the familiar maxim pas trop gouverner, which is common to the whole school, and often accepted explicitly. It will be quite enough to notice one or two characteristic results.
M'Culloch, these expenses, in their relation to the national wealth, are exactly analogous to the wages of a hedger or a ditcher.
Both Mill and M'Culloch regard capital as a kind of labour, so that things may be produced by capital alone, 'without the co-operation of any immediate labour' a result which can hardly be realised with the discovery of a perpetual motion. So, again, the value of a joint product is the 'sum' of these two values.
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