Excerpt from An Essay on the External Corn Trade: Containing an Inquiry Into the General Principles of That Important Branch of Traffic; An Examination of the Exceptions to Which These Principles Are Liable
Now, an unrestricted domestic trade in corn, farces the people upon that timely economy in the consumption of food, which, partly from an impro vident disregard of the future, and partly fr'om ig norance of their danger, they might otherwise fail to adopt for, when the operations of the corn dealer are unimpeded, he, on the prospect of a defl cient crop, and while grain as yet continues cheap, buys up corn, under the expectation that it must soon bring a higher price; and thus, before it is too late, advertizes the deficiency of food to the people.
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