ELLIOTT, J. H.

Credit the Life of Commerce: being a defence of the British Merchant against the unjust and demoralizing tendency of the recent alteration in the Laws of Debitor and Creditor; with an Outline of Remedial Measures ...

London, Madden & Malcolm, 1845. 8vo in twelves, pp. 220 + 8-page publisher’s catalogue; with the inscription ‘To Mr Fostall from his friend the Writer’ to the title; lightly toned and the odd spot; a good copy, uncut in the original publisher’s decorated cloth, slightly skewed, spine lettered gilt, edges and spine lightly sunned. First edition. ‘In the following pages I have attempted to disabuse the public – and possibly, though with small hope, the members of the legislature – of some of the prevailing errors in respect of Insolvency; for until such are corrected it is hardly reasonable to expect the Laws will be such as a great Nation – a nation of shopkeepers – has a claim to.‘I am a merchant, and not a lawyer: I know something of Trade, I know nothing of Law, except the costs and difficulties it ever presents to the injured, in the pursuit of redress and protection against injurers. I fear that the converse is the case with those who legislate for the protection or encouragement of Trade. They know little of Trade, they know much of Law … Law, I fear, is like medicine, of small benefit to the buyers, but very profitable to the sellers. Insolvency Acts have been from time to time passed, in which the interests of the industrious many have been for the most part sacrificed to the idle and dissolute few …’ (preface).In his own discussion of insolvency (Bk 5, ch. 9) in Principles of Political Economy (1848), J. S. Mill quotes a number of pages from the present work, calling Elliott an ‘experienced and intelligent writer’. Goldsmiths’ 34211; Kress C.6578.

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