VT. ofN.f Book II, £hap. iv ; wl. I, pp

^9. Défence of Usitry : showing the impolicy of the présent légal restreints on the terms of pecuniary bargains; in letters to a friend, to which is added, a letterto Adam Smith, esq. L. L. D., on the discouragements opposed by the above restreints to the progress of in>^ntiTe indastry, by Jei-emy Bentham, Letler I, Intrwluction, Crichoff, in white Russia^ January 1787 ; Bowring, vol. III, p. 3.

90. Bowring, vol. III, p. 16 : Defence of (/swry, letter X : A considération that did not happcn to présent itself to that great philosopher, but which,

' had it happened to présent itself, might not bave been altogether unwor-

thy of bis notice, is, that though a daric would not beget another daric,.

. any more than it would a ram, or an ewe,. yet for a daric which a man

borrowcd, he might get a ram and a couple for ewes; and that the ewes,

were the ram loft with them a certain time, would probably not bebarren.

?That then, at iho end of the year, he >vould fmd himself master of bis

* threesheep, tc^ether with two, if not three, lambs; and that, if he sold

. his sheep again to pay back his daric, and gave one'of bis lambs for the

use of it in the meantime, he would be two lambs, orat least one lamb^

- richer than if had mado no such bargain.