PRINCIPLES
OF
POLITICAL ECONOMY
BY
ARTHUR LATHAM PERRY, LL.D.
Orrin Sage Professor of History and Political Economy in Williams College
"No task is ill where Hand and Brain
And Skill and Strength have equal gain,
And each shall each in honor hold,
And simple manhood outweigh gold."
Whittier.
NEW YORK
CHARLES SCRIBNER'S SONS
1891
COPYRIGHT, 1890,
BY ARTHUR LATHAM PERRY.
Dedication.
TO MY PERSONAL FRIEND OF LONG STANDING
J. STERLING MORTON
OF NEBRASKA
A FRIEND OF THE PEOPLE ALSO
FOUNDER OF ARBOR DAY