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the unqualified application of these principles 

 to circumstances as existing in the days of 

 British feudalism, would be to expect, more than 

 this Science contemplated accomplishing more 

 than was ever dreamt of in the philosophy of 

 its best and greatest masters. 



Without stopping, however, to draw any compari- 

 son between the conditions and circumstances of 

 Great Britain in the earlier stages of her com- 

 mercial development, and those of India in her 

 present state, I will pass on to say, that Eng- 

 lishmen, generally, in dealing with questions of 

 the nature of that under review, are too prone to 

 adopt a line of argument, and more unfortunately 

 still, a line of conduct, not very dissimilar to that 

 which when exhibited to them in the above light most 

 people will readily admit not to be the wisest. In 

 other words, forgetting altogether what Mr. Mill so 

 aptly terms the dynamics of Political Economy, they 

 are far too apt to look at economic propositions 

 affecting India from the statical point of view. Now 

 before sitting down to examine a great question 

 connected with the welfare and material progress 

 of England from the Political Economy point of 

 view, there are an infinity of things, peculiar to Eng- 

 land, to be taken into accurate account, if it be 

 desired to obtain a result which will exhibit the least 

 possible amount of error : and when we take into 

 consideration, the area, the population, the number 



