With the Revolution and the attendant depreciation in currency, Franklin tended to warn against over-issues.[i-210] Like Governor Hutchinson, who said that "the morals of the people depreciate with the currency," Franklin confessed in 1783 "the many Mischiefs, the injustices, the Corruption of Manners, &c., &c., that attended a depreciating Currency."[i-211] There is no evidence to show that Franklin dissented from the conservative prohibition in the Constitutional Convention of 1787 against issues of legal tender paper.[i-212] Deborah Logan (in a letter in 1829) stated that Franklin "once told Dr. Logan that the celebrated Adam Smith, when writing his 'Wealth of Nations,' was in the habit of bringing chapter after chapter as he composed it, to himself, Dr. Price and others of the literati; then patiently hear [_sic_] their observations, and profit by their discussion and criticism--even sometimes submitting to write whole chapters anew, and even to reverse some of his propositions."[i-213] James Parton observed that the allusions to the colonies which "constitute the experimental evidence of the essential truth of the book" were supplied by Franklin.[i-214] But Rae reasonably counters: "It ought of course to be borne in mind that Smith had been in the constant habit of hearing much about the American Colonies and their affairs during his thirteen years in Glasgow from the intelligent merchants and returned planters of that city."[i-215] In general, we may conclude that Franklin and Smith were exponents of free trade in proportion as they were reactionaries against British mercantilism. Each in his reaction tended to elevate the function of agriculture beyond reasonable limits. Unlike the physiocrats and Franklin, however, Adam Smith did not hold that, in terms of wealth-producing, manufacturers were sterile. Even if Franklin saw only agriculture as _productive_, he was not blind to the utility of manufactures, especially after the break with the mother country, when he realized that home industry must be developed to supply the colonial needs formerly satisfied by British exports.[i-216] Finally, each was, in varying degrees, an exponent of laissez faire.[i-217] Since we shall discover that politically Franklin was less a democrat than is often supposed, we may feel that his belief in free trade led him to embrace reservedly the principle of laissez faire, rather than that free trade, an economic concept, was but a fragment of a larger dogma, namely, that government should be characterized by its passivity, frugality, and maximum negligence. V. L. Parrington quotes[i-218] from George Whately's _Principles of Trade_, which contained views congenial to Franklin: