Background
Condy Raguet, son of Paul Claudius Raguet, probably of Burgundy, was born on January 28, 1784 in Philadelphia.
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(Excerpt from Traité des Banques Et de la Circulation Cet...)
Excerpt from Traité des Banques Et de la Circulation Cette crise qui a si sévèrement pesé sur la Grande - Bretagne et qui laissera après elle de longues plaies à cicatriser avait une ori gine extérieure. Elle a été déterminée par les embarras du commerce américain. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
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(This work provides a selection of Raguet's editorial arti...)
This work provides a selection of Raguet's editorial articles from the Banner of the Constitution, the second of three successive periodicals he launched to educate the wider public on currency and tariff issues in opposition to the rising tide of protectionism. "In any study of ... early tariff history ... these three periodicals are invaluable ... Raguet's own writing is informed and ingenious." Dictionary of American Biography
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(Excerpt from The Principles of Free Trade: Illustrated in...)
Excerpt from The Principles of Free Trade: Illustrated in a Series of Short and Familiar Essays; Originally Published in the Banner of the Constitution XXIX. Theory of the balance of trade being proved by the rate of exchange on England to obe against the United States, shewn to be fallacious. Cause of the nominal high rate of exchange pointed out. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
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The Trade of Banking in England, embracing the substance of the evidence taken before the Secret Committee of the House of Commons in 1832, on the question of renewing the Charter of the Bank of England, digested and discussed under appropriate heads, together with a summary of the Law applicable to the Bank of England, to private banks of issue and joint stock banking companies, by Michael J. Quinn, Esq., of Lincoln s Inn, Barrister at Law. The cost of the London edition of this work if imported, would be five dollars. English pamphlets on the late money crisis, by J. Horsley Palmer, Samuel Jones Lloyd, Col. Torrens, Samuel Ricardo, W. Bennison, and David Salomons. Numerous statements of the affairs of the Bank of England down to a late period, of private banks and of joint stock banks. Statements of the affairs of the three American houses as published at the time of their suspension in England in 1837. Annual Report to the stockholders of the Bank of France of January, 1837, with a history of the Bank, and the prominent features of its charter. Recent A ct of the British Parliament modifying the usury laws. Mr. Biddle ssix Letters to the Hon. John Q. A darns; also his Letters to the New York Board of Trade, and the New Orleans banks. Statements of the affairs of the late Bank of the United States during the twenty years of its existence, and of the Pennsylvania Bank of the United States during the years 1836 and 1837. Summary statement from official documents, of the condition of all the Banks in the United States, at various periods from 1811 to 1838. Regular monthly statements of the New York Banks during the suspension. Partial statements at different periods of some of the banks of all the states. The Journal and proceedings of the different Bank Conventions held at New York and Philadelphia in reference to the resumption of specie payments. Cotton, n (Typographical errors above are due to OCR software and don't occur in the book.)
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Condy Raguet, son of Paul Claudius Raguet, probably of Burgundy, was born on January 28, 1784 in Philadelphia.
Raguet was educated at the University of Pennsylvania and for eighteen months after graduating he studied law.
After some training in a Philadelphia mercantile house, he was sent as supercargo to Santo Domingo in 1804 and 1805. From these two voyages he derived material for his first published works: A Short Account of the Present State of Affairs in St. Domingo and A Circumstantial Account of a Massacre in St. Domingo. Not long after his return from the second of these journeys he established himself in an independent business which he pursued until the outbreak of the War of 1812. During this war he raised and commanded a company stationed not far from Wilmington, Delaware. At its close he abandoned commercial life for law, was admitted to the bar, published An Inquiry into the Causes of the Present State of the Circulating Medium of the United States (1815), and served one term in the Pennsylvania Senate. Here, as chairman of a committee appointed to inquire into the extent and causes of the general distress. he made comprehensive reports, much of the material of which later appeared in pamphlet form as The Currency (Albany, 1830) and Of the Principles of Banking (Albany, 1830).
In 1822 the direction of his endeavors once more shifted and he accepted an appointment as consul to Rio de Janeiro, where in March 1825 he was made chargé d'affaires. Disputes between the United States and Brazil were rife, many of them were extremely troublesome, and Raguet felt himself entirely unsupported by the State Department.
In 1827 he abruptly called for his passports and returned to the United States to find that his conduct had failed to gain the approbation of his superiors and that further diplomatic posts were closed to him. His request for a committee of investigation failed of a hearing (Official Letters from Rio de Janeiro, 1825, to J. Q. Adams and Henry Clay, in the possession of the Pennsylvania Historical Society), but his defense against the charges of weakness and want of judgment and his own view of his services to his country he set forth at considerable length in the Banner of the Constitution (Feburary 13, 17, 1830). The remainder of his life Raguet devoted to what he described as the "cause of constitutional liberty. " He spared no effort to enlighten his countrymen concerning problems of currency and the tariff, in both of which subjects he was distinctively in advance of his time and thoroughly conversant with the work of the English classical economists.
His work of education was first undertaken in the pages of the Free Trade Advocate, and Journal of Political Economy, established in 1829 in "the camp of the enemy, " Philadelphia. Raguet had the most cordial personal relations with Henry C. Carey, who was the leader of the rising protectionists, and whose theories may well owe some of their elaboration to arguments of Raguet.
In a few months the scope of Raguet's paper was enlarged and it was transferred for a time from Philadelphia to Washington in order that he might be at hand during the pending tariff struggle.
It became the Banner of the Constitution, and during its brief existence it contained summaries of domestic and foreign news, statistical material relating to industry, and original articles on issues before Congress and on political economy. The closing number of this venture heralded the appearance of its successor, The Examiner, and Journal of Political Economy, "devoted to the advancement of the cause of state rights and free trade. " This first appeared in August 1833.
In 1835 it was transferred from Philadelphia to Washington, under the editorship of Duff Green, Raguet becoming proprietor of the Philadelphia Gazette. In any study of the early history of the tariff these three periodicals are invaluable. Not only is Raguet's own writing informed and ingenious but many of the important state papers of the period appeared in these publications.
In 1835 he published a selection of his editorial articles as The Principles of Free Trade, Illustrated in a Series of Short and Familiar Essays. His last venture into the periodical field was the Financial Register of the United States, which appeared from July 1837 to December 1838 and was intended to be a documentary history of the commercial crisis of the period. Here appeared the Bullion Report of 1810, and extracts from Torrens and Ricardo. A Treatise on Currency and Banking appeared in the United States and in England in 1839. His last work was "Impolicy of Countervailing Duties, " published in Hunt's Merchants' Magazine (January 1842), but a few months before his death.
(The Trade of Banking in England, embracing the substance ...)
(This work provides a selection of Raguet's editorial arti...)
(Excerpt from Traité des Banques Et de la Circulation Cet...)
(Excerpt from The Principles of Free Trade: Illustrated in...)
(The Making of the Modern Law: Legal Treatises, 1800-1926 ...)
(This work has been selected by scholars as being cultural...)
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He was a member of the American Philosophical Society of Philadelphia, and in the year of his death was president of the Chamber of Commerce of Philadelphia.
By one of his contemporaries he was described as a "man of fine figure and imposing presence; affable, well educated, fluent in conversation. "
On December 23, 1807, Raguet was married to Catherine S. Simmons.