XIX 



out of print. The two concluding volumes were from the pen of 

 Mr. Newmarch. This work was at once recognised in England as a 

 complete and masterly exposition of the great economic questions of 

 the second quarter, and early part of the third quarter, of this 

 century ; namely, the Introduction of Free Trade, the Bank Charter 

 Act, with the Development of the Banking System at home and 

 abroad. The Gold Discoveries in Russia, California, and Australia, 

 the Irish Famine and Emigration, and the Crimean War. Mr. New- 

 march is understood to have been bent on continuing this work up to 

 the present date ; but, unfinished as it was, it was speedily accepted as 

 a classic, and translated into German. It was to this work that he was 

 chiefly indebted for his election as Corresponding Member of the 

 Institute of France. He was chosen F.R.S. in 1861. 



On the death of Mr. Tooke, Mr. Newmarch showed the high estima- 

 tion in which he held him by taking the leading part in founding 

 " The Tooke Professorship of Economic Science and Statistics " at 

 King's College. 



Mr. Newmarch was examined by the Select Committee on the 

 Bank Act, and gave evidence before several Parliamentary Com- 

 mittees on economic questions, such as the currency and the income 

 tax. 



Mr. Newmarch was a fluent and effective speaker, and his writings 

 are all marked by clearness, directness, and vigour. He held his 

 own opinions with so firm a grasp that he was rather intolerant of 

 opposition, and in debate appeared perhaps somewhat wanting in 

 courtesy ; but those who knew him well found in him a generous and 

 warm-hearted man, an encourager of rising talent, and a firm friend. 

 Take him all in all, he was assuredly one of the most remarkable 

 among the self-made men of this century. He died at Torquay, 

 March 23, 1882, after an illness of some duration, which began as an 

 attack of palsy in 1881, from which he partially recovered. He had 

 lost his only son through a painful illness, leaving the son's widow 

 and his own, with one daughter, to lament his loss. W. A. G. 



