An Introduction to the History of ScienceLibby, Walter
History
An Introduction to the History of Science
Libby, Walter
Science -- History
In 1727, still only twenty-one, he drew together a number of young men
in a sort of club, called the "Junto," for mutual benefit in business
and for the discussion of morals, politics, and natural philosophy. They
professed tolerance, benevolence, love of truth. They discussed the
effect on business of the issue of paper money, various natural
phenomena, and kept a sharp look-out for any encroachment on the rights
of the people. It is not unnatural to find that in a year or two (1729),
after Franklin and a friend had established a printing business of their
own and acquired the _Pennsylvania Gazette_, the young politician
championed the cause of the Massachusetts Assembly against the claims
first put forward by Governor Burnet, and that he used spirited language
referring to America as a nation and clime foreign to England.
In 1730 Franklin bought out his partner, and in the same year published
dialogues in the Socratic manner in reference to virtue and pleasure,
which show a rapid development in his general views. About the same time
he married, restored the money that had long been owing, and formulated
his ethical code and religious creed. He began in 1732 the _Poor Richard
Almanacks_, said to offer in their homely wisdom the best course in
existence in practical morals.
As early as 1729 Franklin had published a pamphlet on _Paper Currency_.
It was a well-reasoned discussion on the relation of the issue of paper
currency to rate of interest, land values, manufactures, population, and
wages. The want of money discouraged laboring and handicraftsmen. One
must consider the nature and value of money in general. This essay
accomplished its purpose in the Assembly. It was the first of those
contributions which, arising from Franklin's consideration of the social
and industrial circumstances of the times, gained for him recognition as
the first American economist. It was in the same spirit that in 1751 he
discussed the question of population after the passage of the British
Act forbidding the erection or the operation of iron or steel mills in
the colonies. Science for Franklin was no extraneous interest; he was
all of a piece, and it was as a citizen of Philadelphia he wrote those
essays that commanded the attention of Adam Smith, Malthus, and Turgot.
Public-domain text, read in full here on John Shaqi.
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