PrincipleSy p. 121. — Cf. pp

73. Edinburgh Reuiew, octobre 1819, n* LXIV, art. XI, Mr. Owen'sPkms for relieuing the national distress. — Sur l'attribution de cet article à Torrens, v. Rieardo à Trower, 13 mars 1820 (Rieardo, tient Tarticle pour parfaitement orthodoxe) . Cf. le discours prononcé par Rieardo à la Chambre des Communes sur le système d*Owen, le 16 déc. 1819 (Hansard, XLI, 1206). —Cf. Rieardo, PrincipleSy p. 59: Happily thèse laws (the poor laws) bave been in opération doring a period of progressive prosperity, wben the fonds for the maintenance of labour bave regularly increased, and when an increase of population would be naturally called for. But if our progress should become more slow, if we should attain the stationary state, from which 1 trust we are yet far distant, then will the pernicious nature of thèse laws become more manifest and alarming ; and then, too, will their removal be obstructed by many additional diffîculties. — Rieardo écrit {Prot. to Agr., p. 474) : A low rate of interest is a symptom of a great accumulation of capital ; but it is also a symptom ofa low rate of profits, and of an advancement to a stationary state, at which the wealth and resources of a country will not admit of increase. As

400 NOTES. (Pp. 50-53)

ail savings are made from profits, a$ a covntry is moU happy when U û in a rapidly progressive state^ profits and interest cannol be too high, — Mais il écrivait, d'autre part (p. 104] : In a progressive state of society... the price of corn ^ould rise. — D*oû hausse des salaires évalués en argent, hausse de la rente foncière, et finalement haisie des profits.