OBSERVATIONS 



ON 



TRADE, 



Universal peace and good-will, would render 

 laws unnecessary for the regulation of trade. 

 If the benevolent principle bore universal and unli- 

 mited sway, all regard to partial or particular 

 interest would merge in a comprehensive sense of 

 the interest of the whole. 



But the unhappy influence of the malevolent 

 principle narrows human action into a system of 

 caution and guard : the best directed efforts of be- 

 nevolence are contracted into limit in their appli- 



