The Mastery of Success - Thorstein Veblen

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Accordingly they petition'd the king in Council, and a hearing was appointed in which two lawyers were employ'd by them against the act, and two by me in support of it. They alledg'd that the act was intended to load the proprietary estate in order to spare those of the people, and that if it were suffer'd to continue in force, and the proprietaries who were in odium with the people, left to their mercy in proportioning the taxes, they would inevitably be ruined. We reply'd that the act had no such intention, and would have no such effect. That the assessors were honest and discreet men under an oath to assess fairly and equitably, and that any advantage each of them might expect in lessening his own tax by augmenting that of the proprietaries was too trifling to induce them to perjure themselves. This is the purport of what I remember as urged by both sides, except that we insisted strongly on the mischievous consequences that must attend a repeal, for that the money, £100,000, being printed and given to the king's use, expended in his service, and now spread among the people, the repeal would strike it dead in their hands to the ruin of many, and the total discouragement of future grants, and the selfishness of the proprietors in soliciting such a general catastrophe, merely from a groundless fear of their estate being taxed too highly, was insisted on in the strongest terms. On this, Lord Mansfield, one of the counsel rose, and beckoning me took me into the clerk's chamber, while the lawyers were pleading, and asked me if I was really of opinion that no injury would be done the proprietary estate in the execution of the act. I said certainly. "Then," says he, "you can have little objection to enter into an engagement to assure that point." I answer'd, "None at all." He then call'd in Paris, and after some discourse, his lordship's proposition was accepted on both sides; a paper to the purpose was drawn up by the Clerk of the Council, which I sign'd with Mr. Charles, who was also an Agent of the Province for their ordinary affairs, when Lord Mansfield returned to the Council Chamber, where finally the law was allowed to pass. Some changes were however recommended and we also engaged they should be made by a subsequent law, but the Assembly did not think them necessary; for one year's tax having been levied by the act before the order of Council arrived, they appointed a committee to examine the proceedings of the assessors, and on this committee they put several particular friends of the proprietaries. After a full enquiry, they unanimously sign'd a report that they found the tax had been assess'd with perfect equity.

      The Assembly looked into my entering into the first part of the engagement, as an essential service to the Province, since it secured the credit of the paper money then spread over all the country. They gave me their thanks in form when I return'd. But the proprietaries were enraged at Governor Denny for having pass'd the act, and turn'd him out with threats of suing him for breach of instructions which he had given bond to observe. He, however, having done it at the instance of the General, and for His Majesty's service, and having some powerful interests at court, despis'd the threats and they were never put in execution.… [Unfinished].

      CHIEF EVENTS IN FRANKLIN'S LIFE

       Table of Contents

      [Ending, as it does, with the year 1757, the autobiography leaves important facts unrecorded. It has seemed advisable, therefore, to detail the chief events in Franklin's life, from the beginning, in the following list:

1706 He is born, in Boston, and baptized in the Old South Church.
1714 At the age of eight, enters the Grammar School.
1716 Becomes his father's assistant in the tallow-chandlery business.
1718 Apprenticed to his brother James, printer.
1721 Writes ballads and peddles them, in printed form, in the streets; contributes, anonymously, to the "New England Courant," and temporarily edits that paper; becomes a free-thinker, and a vegetarian.
1723 Breaks his indenture and removes to Philadelphia; obtains employment in Keimer's printing-office; abandons vegetarianism.
1724 Is persuaded by Governor Keith to establish himself independently, and goes to London to buy type; works at his trade there, and publishes "Dissertation on Liberty and Necessity, Pleasure and Pain."
1726 Returns to Philadelphia; after serving as clerk in a dry-goods store, becomes manager of Keimer's printing-house.
1727 Founds the Junto, or "Leathern Apron" Club.
1728 With Hugh Meredith, opens a printing-office.
1729 Becomes proprietor and editor of the "Pennsylvania Gazette"; prints, anonymously, "Nature and Necessity of a Paper Currency"; opens a stationer's shop.
1730 Marries Rebecca Read.
1731 Founds the Philadelphia Library.
1732 Publishes the first number of "Poor Richard's Almanac" under the pseudonym of "Richard Saunders." The Almanac, which continued for twenty-five years to contain his witty, worldly-wise sayings, played a very large part in bringing together and molding the American character which was at that time made up of so many diverse and scattered types.
1733 Begins to study French, Italian, Spanish, and Latin.
1736 Chosen clerk of the General Assembly; forms the Union Fire Company of Philadelphia.
1737 Elected to the Assembly; appointed Deputy Postmaster-General; plans a city police.
1742 Invents the open, or "Franklin," stove.
1743 Proposes a plan for an Academy, which is adopted 1749 and develops into the University of Pennsylvania.
1744 Establishes the American Philosophical Society.
1746 Publishes a pamphlet, "Plain Truth," on the necessity for disciplined defense, and forms a military company; begins electrical experiments.
1748 Sells out his printing business; is appointed on the Commission of the Peace, chosen to the Common Council, and to the Assembly.
1749 Appointed a Commissioner to trade with the Indians.
1751 Aids in founding a hospital.
1752 Experiments with a kite and discovers that lightning is an electrical discharge.
1753 Awarded the Copley medal for this discovery, and elected a member of the Royal Society; receives the degree of M.A. from Yale and Harvard. Appointed joint Postmaster-General.
1754 Appointed one of the Commissioners from Pennsylvania to the Colonial Congress at Albany; proposes a plan for the union of the colonies.
1755 Pledges his personal property in order that supplies may be raised for Braddock's army; obtains a grant from the Assembly in aid of the Crown Point expedition; carries through a bill establishing a voluntary militia; is appointed Colonel, and takes the field.
1757 Introduces a bill in the Assembly for paving the streets of Philadelphia; publishes his famous "Way to Wealth"; goes to England to plead the cause of the Assembly against the

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