[247] Franked by himself. Date only on cover.
[248] Sic, a slip of the pen for 'rise.'
[249] [Note by Ricardo.] On reading over my letter I am doubtful whether this opinion respecting exportable commodities is correct.
[250] July 1821, no. LXX. See Malthus and his Work, p. 368. Ricardo evidently suspected Malthus to be the author. See conclusion of next letter.
[251] The writer added but struck out: 'and wages must be necessarily high, in which case she may employ nearly the same amount of capital.'
[252] Franked by himself.
[253] See 'Political Economy and Taxation,' chapter on Value.
[254] Franked by himself.
[255] The Political Economy Club was founded by Tooke in 1821, though there had been informal meetings of the members for some time before in Ricardo's house. See Bain's Life of Jas. Mill, p. 198, where the programme of the club is given. It included discussion and propaganda, replies to unsound newspapers, and the circulation of sound literature.
[256] 'Essay on the Production of Wealth,' 1821. See above, p. 195.