important service rendered to Free Trade by James Mill in being one of the founders of the Political Economy Club in 1821; an important event which should have been recorded in the Political Memoir prefixed to Mr. Villiers's Free Trade Speeches.
The projector of the Political Economy Club was Thomas Tooke, who drafted the Petition to Parliament of 8th May, 1820, from tile Merchants of London, in favour of Free Trade. The Club had its origin in a small knot of Political Economists who had for some time held evening meetings at Ricardo's house for the discussion of economical questions.
"The furthering of the Free Trade movement inaugurated by the Merchants' Petition was the foremost object in the view of the projectors of the Club. Mill was specially named to draft the Rules, the original of which is still preserved in his hand."[1]
Professor Bain adds in reference to the early members of the Club:—
"The survivors among the early members of the Club well remember Mill's crushing criticism of Malthus's speeches."
- ↑ Life of James Mill, by Alexander Bain, LL.D., Emeritus Professor of Logic in the University of Aberdeen (London: Longmans and Co., 1882), pp. 198, 199.
