Economists -- Great Britain -- Biography; Smith, Adam, 1723-1790
The situation for which Pulteney had recommended him to the Court of
Directors of the East India Company was, no doubt, a place as member
of the Special Commission of Supervision which they then contemplated
establishing. In 1772 the East India Company was in extremities; in
July they were nearly a million and a half sterling behind for their
next quarter's payments; and they proposed to send out to India a
commission of three independent and competent men, with full authority
to institute a complete examination into every detail of the
administration, and to exercise a certain supervision and control of
the whole. Burke had already been offered one of the seats on this
commission, but had refused it on finding that Lord Rockingham was
unwilling to part with him; and at the time this letter was written
two of Smith's own Scotch friends, whose names he happens to mention
in the letter--Adam Ferguson and Andrew Stuart, M.P.--were actually
candidates for the places, and had apparently been recently seeing
Pulteney in London on the subject. Pulteney, who had great influence
at the India House, had probably mentioned the names of Smith,
Ferguson, and Stuart to the Court of Directors at the same time, and
if so, that must have been at least two months before Smith wrote this
letter, for Ferguson was in the month of July getting influence
brought to bear on the Edinburgh Town Council to secure their
permission to retain his professorship in the event of his going to
India.[218] Ferguson pushed his candidature vigorously, and went to
London repeatedly about it between July and November, but Smith,
although he would have accepted the post if he received the offer of
it, does not seem to have taken any steps to procure it, and did not
even answer Pulteney's letter till September. Stuart's candidature was
defeated, Horace Walpole says, by Lord Mansfield, but eventually no
appointment was made, because Parliament intervened, and forbade any
such commission to be sent out at all.
In sending the letter to the _Academy_ for publication Professor
Rogers observes that it is plain the delay in the publication of the
_Wealth of Nations_ was due to the negotiations which Mr. Pulteney was
evidently making for the purpose of getting Smith appointed to this
place. "Had he succeeded," proceeds Mr. Rogers, "it is probable that
the _Wealth of Nations_ would never have seen the light; for every one
knows that in the first and second books of that work the East India
Company is criticised with the greatest severity.... I have no doubt
that owing to Pulteney's negotiations it lay unrevised and unaltered
during four years in the author's desk."
Public-domain text, read in full here on John Shaqi.
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