Life of Adam Smith eBook

John Rae (educator)
This eBook from the Gutenberg Project consists of approximately 551 pages of information about Life of Adam Smith.

Life of Adam Smith eBook

John Rae (educator)
This eBook from the Gutenberg Project consists of approximately 551 pages of information about Life of Adam Smith.

The situation for which Pulteney had recommended him to the Court of Directors of the East India Company was, no doubt, a place as member of the Special Commission of Supervision which they then contemplated establishing.  In 1772 the East India Company was in extremities; in July they were nearly a million and a half sterling behind for their next quarter’s payments; and they proposed to send out to India a commission of three independent and competent men, with full authority to institute a complete examination into every detail of the administration, and to exercise a certain supervision and control of the whole.  Burke had already been offered one of the seats on this commission, but had refused it on finding that Lord Rockingham was unwilling to part with him; and at the time this letter was written two of Smith’s own Scotch friends, whose names he happens to mention in the letter—­Adam Ferguson and Andrew Stuart, M.P.—­were actually candidates for the places, and had apparently been recently seeing Pulteney in London on the subject.  Pulteney, who had great influence at the India House, had probably mentioned the names of Smith, Ferguson, and Stuart to the Court of Directors at the same time, and if so, that must have been at least two months before Smith wrote this letter, for Ferguson was in the month of July getting influence brought to bear on the Edinburgh Town Council to secure their permission to retain his professorship in the event of his going to India.[218] Ferguson pushed his candidature vigorously, and went to London repeatedly about it between July and November, but Smith, although he would have accepted the post if he received the offer of it, does not seem to have taken any steps to procure it, and did not even answer Pulteney’s letter till September.  Stuart’s candidature was defeated, Horace Walpole says, by Lord Mansfield, but eventually no appointment was made, because Parliament intervened, and forbade any such commission to be sent out at all.

In sending the letter to the Academy for publication Professor Rogers observes that it is plain the delay in the publication of the Wealth of Nations was due to the negotiations which Mr. Pulteney was evidently making for the purpose of getting Smith appointed to this place.  “Had he succeeded,” proceeds Mr. Rogers, “it is probable that the Wealth of Nations would never have seen the light; for every one knows that in the first and second books of that work the East India Company is criticised with the greatest severity....  I have no doubt that owing to Pulteney’s negotiations it lay unrevised and unaltered during four years in the author’s desk.”

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Life of Adam Smith from Project Gutenberg. Public domain.