256.: ricardo to malthus1[Answered by 258] - David Ricardo, The Works and Correspondence of David Ricardo, Vol. 7 Letters 1816-1818 [1816]
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The Works and Correspondence of David Ricardo, ed. Piero Sraffa with the Collaboration of M.H. Dobb (Indianapolis: Liberty Fund, 2005). Vol. 7 Letters 1816-1818.
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First published by Cambridge University Press in 1951. Copyright 1951, 1952, 1955, 1973 by the Royal Economic Society. This edition of The Works and Correspondence of David Ricardo is published by Liberty Fund, Inc., under license from the Royal Economic Society.
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256.
ricardo to malthus
[Answered by 258]
London 25 May 1818
My dear Sir
I have again to regret that I shall not have you as an inmate of my house on your next visit to London. Sylla has left us; but Osman, his wife, child, and nurse, are coming immediately—these, with the Clutterbucks, will exhaust all our resources in the way of house room. I am therefore deprived of a pleasure which I had promised myself in your and Mrs. Malthus’ company during your stay in London. I hope however that you will be our daily visitors, or as often as engagements will permit. I trust that those on our part will be exhausted before you come, for at no period have I led so dissipated a life as during this season. The King of Clubs will meet on the 6th.. Let me know whether Mrs. Malthus and you will favor us with your company on the 8th., as we should be glad to ask a few friends to meet you on that day.—
The general opinion here is that Parliament will be dissolved immediately after the prorogation, but as the election in that case will interfere with the Circuit I cannot believe that ministers will chuse so inconvenient a time.—
To morrow evening there is to be a long debate in the House of Lords on the Bank Restriction Bill, on which occasion Lord Grenville means to speak. Lord King mentioned to me his idea of proposing that the Bank should be forbid making any dividend on their stock while the price of gold was above the mint price. I have no doubt that practically such a measure would operate a reduction of the currency and its rise to par, but if the Bank Directors were obstinate it might be attended with the most serious consequences to widows, orphans, and others who might depend on the Bank Dividends only for their support.
My walks with Mill continue almost daily—I hope you will sometimes honour us with your company when in London. We could make a very tolerable reformer of you in six walks if your prejudices be not too strongly fixed. Indeed I should expect to find that our differences were not very great, as if you are favourable to reform at all, and that I believe you are, we should agree on all the important principles.—Sir James Mackintosh has been reading Bentham and was just beginning to give me his opinion of the book when we were interrupted. I hope I shall find another opportunity of hearing his sentiments, which I am very eager to do. In a conversation which I yesterday had with Sharp he told me what he conceived Sir James’ sentiments on reform to be. If he is correct I do not think that Sir James and I should be so much opposed to each other as he now thinks
Mrs. Ricardo joins with me in kind regards to Mrs. Malthus.
Very truly Yours
David Ricardo