Excerpt from Speeches in Parliament and Some Miscellaneous Pamphlets of the Late Henry Drummond, Esq., Vol. 2 of 2
When the following Propositions were first drawn up, they were thought to be so self-evident to every one who would consider the subject, that it would be superfluous to publish them. Experience, however, has shown that the public requires much more instruction in the mere elements of every branch of Political Economy; and that, until it is more enlightened, the correct principles generally entertained by His Majesty"s present ministers are liable to be perpetually thwarted.
Although merchants and bankers are not ultimately more affected by the state of the currency than any other class of the community, yet they are the first to be influenced, either by any sudden extension or sudden contraction of its amount: the manufacturers and their labourers follow next; and the landlords and agricultural population feel it the last; and these, ordinarily, not until the merchants and bankers have ceased to suffer from it: but every class feels its consequences, sooner or later, and therefore are equally interested in understanding its operations.
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