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.

BOSTON:

LITTLE, BROWN, AND COMPANY.

1856.
85