Θ

THE

PRINCIPLES

OF

POLITICAL ECONOMY

APPLIED TO

THE CONDITION, THE RESOURCES, AND THE INSTITUTIONS
OF THE AMERICAN PEOPLE.

BY

FRANCIS BOWEN,

ALFORD PROFESSOR OF MORAL PHILOSOPHY AND CIVIL POLITY

IN HARVARD COLLEGE.

"It is not that a Duke has 50,000l. a year, but that a thousand fathers of families have 50%. a year, that is true national wealth and well-being."— LAING.

к

BOSTON:

LITTLE, BROWN, AND COMPANY.

1856.

in the Clerk's Office of the District Court of the District of Massachusetts.

CAMBRIDGE:

STEREOTYPED AND PRINTED BY METCALF AND COMPANY.

BY SAGACITY, ENTERPRISE, AND UPRIGHTNESS IN ALL THEIR UNDERTAKINGS

AND HAVE DIGNIFIED IT

BY THE MUNIFICENCE OF THEIR CHARITIES,

AND BY THEIR LIBERAL SUPPORT OF LETTERS, SCIENCE, AND THE ARTS,

THIS WORK IS RESPECTFULLY INSCRIBED.