"B. Franklin."
"October 24, 1788.
"Having now finished my term in the presidentship, and resolving to engage no more in public affairs, I hope to be a better correspondent for the little time I have to live. I am recovering from a long-continued gout, and am diligently employed in writing the History of my Life, to the doing of which the persuasions contained in your letter of January 31, 1783, have not a little contributed. I am now in the year 1756, just before I was sent to England. To shorten the work, as well as for other reasons, I omit all facts and transactions that may not have a tendency to benefit the young reader, by showing him from my example, and my success in emerging from poverty, and acquiring some degree of wealth, power, and reputation, the advantages of certain modes of conduct which I observed, and of avoiding the errors which were prejudicial to me. If a writer can judge properly of his own work, I fancy, on reading over what is already done, that the book may be found entertaining and useful, more so than I expected when I began it. If my present state of health continues, I hope to finish it this winter: when done, you shall have a manuscript copy of it, that I may obtain from your judgment and friendship such remarks as may contribute to its improvement.
"The violence of our party debates about the new constitution seems much abated, indeed almost extinct, and we are getting fast into good order. I kept out of those disputes pretty well, having wrote only one piece, which I send you enclosed.
"I regret the immense quantity of misery brought upon mankind by this Turkish war; and I am afraid the King of Sweden may burn his fingers by attacking Russia. When will princes learn arithmetic enough to calculate, if they want pieces of one another's territory, how much cheaper it would be to buy them than to make war for them, even though they were to give a hundred years' purchase; but if glory cannot be valued, and, therefore, the wars for it cannot be subject to arithmetical calculation, so as to show their advantages or disadvantages, at least wars for trade, which have gain for their object, may be proper subjects for such computation; and a trading nation, as well as a single trader, ought to calculate the probabilities of profit and loss before engaging in any considerable adventure. This, however, nations seldom do, and we have had frequent instances of their spending more money in wars for acquiring or securing branches of commerce, than a hundred years' profit, or the full enjoyment of them can compensate. * *
"B. Franklin."