Benjamin Franklin : $b Representative selections, with introduction, bibliograpy, and notesFranklin, Benjamin
General
Benjamin Franklin : $b Representative selections, with introduction, bibliograpy, and notes
Franklin, Benjamin
Franklin, Benjamin, 1706-1790
[Footnote i-195: In Franklin's view, slavery was also politically
subversive. In 1756 he feared that the slaves, along with servants and
loose people in general, would desert to the French (_Writings_, III,
359). Since the danger undoubtedly existed (_ibid._, VII, 48, 69),
Franklin had a right to be sardonic in commenting on Dr. Johnson's
advice that slaves be incited "to rise, cut the throats of their
purchasers, and resort to the British army, where they should be
rewarded with freedom" (_ibid._, X, 110-1).]
[Footnote i-196: Printed in _Maryland Gazette_ (Dec. 17, 1728); later as
pamphlet (April 3, 1729).]
[Footnote i-197: Carey, _op. cit._, 7. See _Writings_ I, 306-7, for
Franklin's own account of the effect of this work.]
[Footnote i-198: C. J. Bullock, _Essays on the Monetary History of the
United States_, 51.]
[Footnote i-199: Weeden, _op. cit._, II, 485.]
[Footnote i-200: _Financial History of the United States_, 21. Bullock
observes another factor: "Sooner or later all the plantations were
deeply involved in the mazes of a fluctuating currency, for the burdens
attending the various wars of the eighteenth century were so great as to
induce even the most conservative colonies to resort to this easy method
of meeting public obligations" (_op. cit._, 33).]
[Footnote i-201: _Writings_, II, 133-5.]
[Footnote i-202: See Carey, _op. cit._, chap. I, for suggestive survey
of this pamphlet. Carey points out Franklin's indebtedness to writings
of Sir William Petty.]
[Footnote i-203: Carey (chap. II, "Value and Interest") quotes Franklin:
"Riches of a Country are to be valued by the Quantity of Labour its
inhabitants are able to purchase, and not by the Quantity of Silver and
Gold they possess" (_Writings_, II, 144).]
[Footnote i-204: See, for example, _Plan for Saving One Hundred Thousand
Pounds_, 1755 (_Writings_, III, 293-5).]
[Footnote i-205: Writings, IV, 420: _Examination of Benjamin Franklin_.
He was obliged to admit that Massachusetts colonists had taken a calmer
view of the 1751 act (IV, 428).]
[Footnote i-206: G. L. Beer, _British Colonial Policy, 1754-1765_, 188.]
[Footnote i-207: Although it is true that Pennsylvania suffered less
from paper money because of better security (Carey, _op. cit._, 23
note), it seems curious that Franklin should have been blind to the
evils of inflation and the operations of Gresham's law.]
[Footnote i-208: Paper in William Smith Mason Collection; cited in
Carey, _op. cit._, 20. See also _Writings_, V, 189, in which he repeats
the threat. British restraint must hence provoke colonial "industry and
frugality."]
[Footnote i-209: _Writings_, VII, 294. Cf. _ibid._, IX, 231-6.]
[Footnote i-210: See _Writings_, VII, 275, 335, 341.]
[Footnote i-211: To Josiah Quincy, Sept. 11, 1783 (_Writings_, IX,
93-5).]
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