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104.: grenfell to ricardo1 - David Ricardo, The Works and Correspondence of David Ricardo, Vol. 6 Letters 1810-1815 [1810]

Edition used:

The Works and Correspondence of David Ricardo, ed. Piero Sraffa with the Collaboration of M.H. Dobb (Indianapolis: Liberty Fund, 2005). Vol. 6 Letters 1810-1815.

Part of: The Works and Correspondence of David Ricardo, 11 vols (Sraffa ed.)

About Liberty Fund:

Liberty Fund, Inc. is a private, educational foundation established to encourage the study of the ideal of a society of free and responsible individuals.


104.

grenfell to ricardo1

My dear Sir

The modesty with which you speak of your own Qualifications, makes me the more anxious and desirous that you should feel an inclination to undertake, in the course of the approaching Autumn—or rather I would say—before the next Bank Court in September or October—to write a Short Pamphlet on the Subject to which I have lately called the attention of Parliament1 —and which I am sure no person is better qualified to do than yourself, and which I am equally certain would acquire a Sanction, and favourable Introduction to the Public, from the merited Reputation of your Name as a writer upon subjects of the like Nature—

If however you should be averse to the undertaking in a distinct Pamphlet (which would be a Short and as you say an easy Task) I shall be gratified by seeing the Subject referred to, in the work which you have in Contemplation on the Corn Trade2 —There is a Book of Allardyce on Bank Affairs3 containing many details and Facts, which you will find it convenient and desirable to be possessed of, if you determine (as I anxiously hope you will do) to write a short Pamphlet on this subject—And if you have not this Book, I shall be happy to Send it to you, with a few observations of my own—Coaches pass my Door here, to Worcester and Glter daily—and I would direct a Parcel to you containing this Book, in any way you may point out.

I think the discussion—and a more general diffusion of the Facts which refer to this Subject, may have the Effect of benefitting the Public (my only motive for originating it) and at the same time accelerate to the Proprietors of Bank Stock, the participation in the immense Profits already made by the Bank, to which there can be no doubt, their Charters and every principle of Justice and equity entitle them.

I write this in haste, being called to Town suddenly by the Death of a Relation—But I will not leave the Country without thanking you for your Letter, intreating you to undertake the Pamphlet, and assuring you that I am My dear Sir

Most truly and faithfully Yours

Pascoe Grenfell1

David Ricardo Esq.

[1 ]MS in R.P.

[1 ]See Grenfell’s Resolutions on the Bank of England, proposed on 13 June, above, IV, 136. As a result of Grenfell’s suggestion Ricardo wrote Economical and Secure Currency.

[2 ]This probably refers to the project of Ricardo’s rewriting ‘more at large’ the Essay on Profits, on which see below, p. 249.

[3 ]On Allardyce’s two books on Bank affairs see above, IV, 103 and 106.

[1 ]A postscript, reading ‘Direct always to Spring Garden, London’, is del. here.