Economists -- Great Britain -- Biography; Smith, Adam, 1723-1790
I cannot conclude this letter, though already too long,
without expressing to your Lordship my concern, and still
more my indignation, at what has lately passed both at
London and at Edinburgh. I have often thought that the
Supreme Court of the United Kingdom very much resembled a
jury. The law lords generally take upon them to sum up the
evidence and to explain the law to the other peers, who
generally follow their opinion implicitly. Of the two law
lords who upon this occasion instructed them, the one has
always run after the applause of the mob; the other, by far
the most intelligent, has always shown the greatest dread of
popular odium, which, however, he has not been able to
avoid. His inclinations also have always been suspected to
favour one of the parties. He has upon this occasion, I
suspect, followed rather his fears and his inclinations than
his judgment. I could say a great deal more upon this
subject to your Lordship, but I am afraid I have already
said too much. I would rather, for my own part, have the
solid reputation of your most respectable president, though
exposed to the insults of a brutal mob, than all the vain
and flimsy applause that has ever yet been bestowed upon
either or both the other two.--I have the honour to be, with
the highest esteem and regard, my Lord, your Lordship's most
obliged and obedient servant,
ADAM SMITH.[211]
A week later Smith wrote Lord Hailes another letter, "giving," says
Lord Brougham, "what is evidently the beginning of his speculations on
the price of silver," but the letter seems to be now lost, and Lord
Brougham quotes from it only the following sentences on the Douglas
cause. "If the rejoicings which I read of in the public papers in
different places on account of the Douglas cause, had no more
foundation than those which were said to have been in this place,
there has been very little joy upon the occasion. There was here no
sort of rejoicing of any kind, unless four schoolboys having set up
three candles upon the trone by way of an illumination, is to be
considered as such."[212]
Public-domain text, read in full here on John Shaqi.
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