Essays in the Earlier History of American Corporations

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^ Pp. 2ig-2Zi. This was the favorite objection of the day. Cf. Jefferson to Thomas Digges, June 19, 1788: "In general it is impossible that manufactures should succeed in America from the high price of labour": Works (Ford ed.), V, 27-29. See also Coxe, View, 32, 38; address ascribed to Coxe, in American Museum, iv, 340-346, esp. 342 (October, 1788); William Barton, Essay on the Promotion of American Manufactures, in ibid., ii, 237-260, esp. 258 (September, 1787).
* Pp. 219-220; Coxe, View, 13,
... 99, 198-199.
' P. 220; Coxe, View, 40, $$.
' Pp. 220-222; Coxe, View, 38-40, 99.
' Pp. 220, 244, 282-283; Coxe, View, 42, 83, 99.
* Pp. 226-232; Culbertson, Alexander Hamilton, 78-80, 84, and supra, 351- 3S2, 3S4-3SS- ' P. 224. Cf. letter of Samuel Patterson to Hamilton, dated Edinburgh, Feb.
10, 1 791: "Many people here are of opinion, That the Prosperity & flourishing State of Britain Is far more owing to the EstabUshment of Banks than to the National Debt": Hamilton Papers. Cf. Essay IV, chap.


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