Not to perpetuate a name Which must endure while the peaceful arts flourish, But to show That mankind have learned to honor those Who best deserved their gratitude, The King, His Ministers, and many of the Nobles And Commoners of the Realm, Raised this Monument to JAMES WATT, Who, directing the force of an original genius, early exercised in philosophical research, to the improvement of the Steam-engine. Enlarged the resources of his country, Increased the power of man, And rose to an eminent place among the illustrious followers of Science, And the real benefactors of the world. ADAM SMITH. If there are “suppressed characters” in literary and scientific, as well as in parliamentary history, the great apostle of political economy is certainly not of the number. Indeed, the posthumous glory he has derived from his most celebrated work, goes far to justify Southey’s enthusiastic preference of the fame arising from authorship over all others. After the lapse of a century, his name is still familiar in the mouths of men, and still continues to gather fresh fame as it flies along the stream of time. The maxims of policy which he taught are now inseparably associated with the recollection of a long controversy, a memorable struggle, and a triumph under extraordinary circumstances. But without venturing to expatiate on the latter somewhat exciting topics, it may be possible to furnish a sketch of the learned Doctor’s earthly career, not altogether uninteresting to youths accustomed to “mark, learn, and inwardly digest.” The father of this famous professor of political science had originally practiced in Edinburgh as a writer to the signet; for so an attorney is there styled. He had afterward become private secretary to the Earl of Loudon, who held the now abolished office of Secretary of State for Scotland; and when his lordship’s career in that capacity terminated, the elder Smith was appointed Comptroller of the Customs at Kirkaldy, a small Fifeshire town, situated on the Firth of Forth. Removing thither to fulfill the duties of the office, and perhaps finding himself more solitary in his new sphere than he had been in the capital, he married a very amiable and affectionate woman, bearing the “conquering name” of Douglas. He was not, however, spared to see the son whose achievements have saved his memory from oblivion, for, somewhere about the beginning of 1723, he departed this life; and a few months later, on the 5th of June, the birth of Adam Smith took place.