Appleton's Cyclopedia of American Biography, edited by James
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LEE, Henry, economist, born in Beverly, Massachusetts, 4 February, 1782; died in Boston, 6 February, 1867. For many years he carried on a very extensive trade with the East and West Indies, South America, and Europe, and became a collector of commercial and financial statistics, and a zealous student of political economy. His writings were highly esteemed in England, where he was recognized as an authority by such economists as McCulloch, Tooke, and Villiers. He arrived at conclusions entirely at varience with those advocated by the supporters of the so-called American system. He was a frequent contributor to the "Free-Trade Advocate," edited in Philadelphia by Condy Raguet, and became widely known through his " Boston Report" as one of a "Committee of citizens of Boston and vicinity opposed to a further increase of duties on importations" (Boston, 1827). This valuable work has passed through four editions, and is one of the most masterly vindications of the principles of free-trade that has ever appeared in print. At the Free-trade convention in Philadelphia, 30 September, 1831, he was associated with Albert Gallatin in preparing the memorial and statistical exposition of the effects of the tariff. In 1832 he was nominated for vice-president by South Carolina on the ticket with John Floyd, of Virginia, although he had no sympathy with nullification.--His eldest son, Henry, born in Boston, 2 September, 1817, was graduated at liar-yard in 1836, served on Governor John A. Andrew's staff during the civil war, and published a pamphlet on "The Militia of the United States." He is senior member of the well-known banking-house of Lee, Higginson and Co.--Another son, Francis L, born in Boston, 10 December, 1823 ; died near Lake Champlain, 2 September, 1886, was graduated at Harvard in 1843, and in the civil war was colonel of the 44th Massachusetts regiment.
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