FOR a decade and more the initials "T.S.C." at the end of
a letter in the Glasgow Herald or other newspaper have been the guarantee of a
clear, illuminating, and wonderfully simple communication on some vital point of
economics. During the same time Mr. Cree has been the contributor of several of
the most conclusive papers on his subject to the transactions of the learned
societies, and the value of his work was some years ago recognised by the degree
of LL.D. conferred upon him by Glasgow University. A good deal of the trenchancy
of his economic arguments is derived from the fact that his theories have been
built upon a varied practical experience of the working of economic laws in
several different trades.
Dr. Cree comes of an old Glasgow stock, his
great-great-grandfather having been a Deacon of the Trades' House, and his
great-grandfather, another Dr. Cree, an Examiner in the University. Born 11th
August, 1837, he lost his father at the age of 14, and leaving the High School,
entered the business of James Black & Co., in which his uncles were partners.
Seven years later he became cashier to their firm of James and William Inglis,
Scott & Co., then the largest spinners and weavers in Scotland, and for two
years he afterwards ran a spinning mill of his own in Paisley. His next
experience was with a large firm of coalmasters who failed; and it was only
after that event that he entered the wholesale stationery business which had
been his father's, and in which he has since remained.
In these various industries - weaving, coal-mining, and
book-binding - he had had ample opportunity of observing the methods and results
of trades-unionism, and he had arrived at the conclusion, from practical
acquaintance, not only that the action of trades' unions was mischievous, but
that their theory was unsound. He had early read Adam Smith and John Stuart
Mill, and learned gradually that the theory and methods of the unions were
approved by many modern economists. For himself he came to the conclusion that
these modern economists had completely gone astray, that under the influence of
sentimentalism they had given up the central doctrine of the old economics, the
belief in the automatic action of the law of supply and demand, and had become,
not so much economists, as sentimental philanthropists. They start, he said,
with the notion, not of making "an enquiry into the nature and causes of the
wealth of nations," but rather of circumventing the natural law so as to give
the working classes a larger share than that law allows them; and the result is
that the law beats them, and their clients get less than it would give, if left
alone. He considered it a curious paradox that while they believed in free trade
in commodities, they could not believe in free trade in labour. His own belief
in the automatic action of the law of supply and demand, and in the heresy of
modern economics, is the keynote of all the letters he has written on economic
subjects - labour, land laws, free trade, bimetallism, etc. Besides these
letters he is the author of three pamphlets on his special subjects. The first
of these, "A Criticism of the Theory of Trades' Unions," was read before the
Economic Science Section of Glasgow Philosophical Society in 1890, and is now in
its fourth edition. The next, on "Evils of Collective Bargaining in Trades'
Unions," now in its second edition, was read to the Civic Society of Glasgow in
1898. And the third, "Business Men and Modern Economics," was read before the
British Association at Glasgow in 1901. The first and second of these papers
were re-published in Germany, one by an economic journal, the other by a
federation of employers; and the second, on the "Evils of Collective
Bargaining," was reprinted in France, in instalments from day to day, by M. Yves
Guyot in the columns of Le Siècle.
In politics Dr. Cree is "an old-fashioned Liberal, a believer
in freedom from State interference in every direction - the very reverse of a
Radical." For his motto he takes Lord Bramwell's saying, "Please govern me as
little as possible."
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Index of Glasgow Men (1909)