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The Principles of Free Trade

The Principles of Free Trade

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Excerpt from The Principles of Free Trade: Illustrated in a Series of Short and Familiar Essays; Originally Published in the Banner of the Constitution


The conspicuous position held by you in the Northern, Middle and Southern sections of the United States, respectively, among the advocates of Free Trade, during the contest which happily terminated with the adoption of the compromise bill of March 2d, 1833, added to your claims upon the gratitude of the author of these essays for the intellectual aid which you extended to him during the prosecution of his work, have designated you as the particular friends to whom its dedication would be appropriate. To Mr. Lee is the country indebted for that most powerful and conclusive exposition of the practical operation of the Tariff upon the interests of Agriculture, Commerce and Manufactures, "The Boston Report," which was first published in November, 1827, and to which may be ascribed the first impulse of re-action against the Restrictive System. To Colonel Biddle is it indebted for his instrumentality in disseminating sound views of public policy, through his notes appended to the six American editions of Say's Political Economy, which have appeared under his editorial superintendence. To Governor Hayne is it indebted, whilst a member of the Senate of the United States, for a series of the most clear and scientific illustrations of the Principles of Free Trade, which have ever been presented to the American community, through the medium of public speeches. And to each of you, gentlemen, is the author indebted for much moral support through correspondence and personal intercourse, in the painful and trying situation in which he was placed for four years, whilst advocating an unpopular, and, at one time, what appeared to be a hopeless cause; and he begs you to accept of the assurance of his sincere acknowledgments, and of his best wishes for your individual health and happiness.

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