in support of the Commercial Treaty with France, and
Mr. George Dempster read an extract from it in the
debate on the proposal to farm the post-horse duties.
It was quoted once in 1788, by Mr. Hussy on the Wool
Exportation Bill, and not referred to again until
Pitt introduced his Budget on the 17th February 1792.
In then explaining the progressive accumulation of
capital that was always spontaneously going on in
a country when it was not checked by calamity or by
vicious legislation, that great minister, a deep student
of Smith’s book and the most convinced of all
Smith’s disciples, made the remark: “Simple
and obvious as this principle is, and felt and observed
as it must have been in a greater or less degree even
from the earliest periods, I doubt whether it has ever
been fully developed and sufficiently explained but
in the writings of an author of our own time, now
unfortunately no more (I mean the author of the celebrated
treatise on the
Wealth of Nations), whose extensive
knowledge of detail and depth of philosophical research
will, I believe, furnish the best solution of every
question connected with the history of commerce and
with the system of political economy."[249] In the
same year it was quoted by Mr. Whitbread and by Fox
(from the exposition of the division of labour in the
first book) in the debate on the armament against
Russia, and by Wilberforce in his speech introducing
his Bill for the Abolition of the Slave Trade.
It was not mentioned in the House of Lords till 1793,
when in the debate on the King’s Message for
an Augmentation of the Forces it was referred to by
Smith’s two old friends, the Earl of Shelburne
(now Marquis of Lansdowne) and Alexander Wedderburn
(now Lord Loughborough, and presiding over the House
as Lord Chancellor, of England). The Marquis
of Lansdowne said: “With respect to French
principles, as they had been denominated, those principles
had been exported from us to France, and could not
be said to have originated among the population of
the latter country. The new principles of government
founded on the abolition of the old feudal system
were originally propagated among us by the Dean of
Gloucester, Mr. Tucker, and had since been more generally
inculcated by Dr. Adam Smith in his work on the Wealth
of Nations, which had been recommended as a book
necessary for the information of youth by Mr. Dugald
Stewart in his Elements of the Philosophy of the
Human Mind.” The Lord Chancellor in
replying merely said that “in the works of Dean
Tucker, Adam Smith, and Mr. Stewart, to which allusion
had been made, no doctrines inimical to the principles
of civil government, the morals or religion of mankind,
were contained, and therefore to trace the errors of
the French to these causes was manifestly fallacious."[250]