This important department of manufacture is reduced to the lowest
ebb in Belgium by the effects of the revolution of 1830. Previous to
this event, the Belgian calico printer being admitted to the markets
of Holland and her colonies, had an outlet for his produce, quite
sufficient to afford remunerative employment for all his machinery; but
when, by her separation from Holland, Belgium was excluded from the
Dutch possessions, both in the East and West Indies, and restricted
to the supply of her own population, she suddenly found the number of
her consumers reduced from between _fifteen_ and _sixteen millions_
to something less than _four_. In articles which are universally
produced by the unaided labour _of the hand_, a limitation on the
gross consumption cannot, as a general rule, effect any very material
alteration in the individual price, where fair competition shall
have already reduced and adjusted it by a remunerative standard. But
when it comes to an active competition _with machinery_, the case is
widely different; the outlay for apparatus and the cost of labour
being almost the same for the production of one hundred pieces as for
ten, it is manifest that the man who has a market for one hundred,
can afford to sell each one for a much less sum than he who can only
dispose of ten--even without including in the calculation the interest
of the capital embarked, which must, of course, be ten times the amount
upon the small production that it is upon the large. It is her almost
unlimited command of markets, and the vast millions of consumers who
must have her produce, in her various colonies and dependencies, that,
combined with her matchless machinery, places the manufactures of
England almost beyond the reach of rivalry as regards the moderation
of their price; and thus gives them, in spite of duties, that, in any
other case, would amount to a prohibition, a lucrative introduction
into those countries themselves, which are fast acquiring her
machinery, but look in vain for her limitless markets.
Public-domain text, read in full here on John Shaqi.
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