Essays of Benjamin Franklin

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Monograph

Identifikator:: 1751319059

URN:: urn:nbn:de:zbw-retromon-129553

Document type:: Monograph

Title:: Répertoire des administrateurs & commissaires de société, des banques, banquiers et agents de change de France et de Belgique

Place of publication:: Paris [u.a.]

Year of publication:: [1926]

Scope:: 1316 S.

Digitisation:: 2021

Collection:: Economics Books

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v Introduction the absurdity of the belief that communities through- out the world could grow rich by building up barriers to interfere with the exchange of goods and to hamper trade relations. He attempted in fact to put into the Constitution a provision providing for unquali- fied free trade. He held, as free traders hold today, that the authority of the national government should be applied only for the protection of the state, for the maintaining of justice within its own territory, and the fulfilment of obligations outside of the ter- ritory. The power to take money from the citizens should be utilized only for such matters as be- longed to legitimate governmental purposes. Frank- lin held that it was contrary to the principles of the Constitution, under which American citizens were to have equal rights, to tax nine-tenths of those citizens for the benefit of the other tenth. It was due to Franklin's influence that the tariff barriers, which had interfered with the development of trade be- tween the colonies, were not permitted to remain when those colonies became states. Franklin’s mind worked with a full measure of imagination, but the imagination was always re- strained by judgment, and its operation was based upon experiment. His discovery of the relation of the identity of lightning with electricity foreshadowed the long series of developments in the knowledge of electricity which tells us today that the electron, or combination of electric power, is itself the basic form of all that which we call “matter.” Franklin's interest in the larger problems of science did not prevent him from rendering practical service 1

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