of his house in Threadneedle Street for the purpose, and his partner, Prescott, one of the three original members of the Utilitarian Society, made one among us. We met two mornings in every week, from half-past eight till ten, at which hour most of us were called off to our daily occupations. Our first subject was Political Economy. We chose some systematic treatise as our text-book; my father’s “Elements” being our first choice. One of us read aloud a chapter, or some smaller portion of the book. The discussion was then opened, and any one who had an objection, or other remark to make, made it. Our rule was to discuss thoroughly every point raised, whether great or small, prolonging the discussion until all who took part were satisfied with the conclusion they had individually arrived at; and to follow up every topic of collateral speculation which the chapter or the conversation suggested, never leaving it until we had untied every knot which we found. We repeatedly kept up the discussion of some one point for several weeks, thinking intently on it during the intervals of our meetings, and contriving solutions of the new difficulties which had risen up in the last morning’s discussion. When we had finished in this way my father’s Elements, we went in the same manner through Ricardo’s Principles of Political Economy, and Bailey’s Dissertation on Value. These close and vigorous discussions were not only im-
