Blackwood's Edinburgh Magazine, Vol. 66 No.406, August 1849Various
General
Blackwood's Edinburgh Magazine, Vol. 66 No.406, August 1849
Various
England -- Periodicals; Scotland -- Periodicals
The great and durable interests of society, which the indulgence of
such passions inevitably ruins, are the barrier which, in ordinary
circumstances, is opposed to these disorders; and it is this influence
which has so long prevented any serious outbreak of anarchy in Great
Britain. But the immense extent of the confiscation of landed property
during the first Revolution, and the total ruin of commercial and
movable wealth, from the events of the maritime war, and the effects
of the enormous issue of assignats, has prevented the construction of
this barrier in anything like sufficient strength to withstand the
forces which pressed against it. Nine-tenths of the realised wealth of
the country was destroyed during the convulsion; what remained was for
the most part concentrated in the hands of a few bankers and moneyed
men, who aimed at cheapening everything, and depressing industry, in
order to augment the value of their metallic riches. The influence
of the natural leaders of the producing class, the great proprietors
of land, was at an end, for they were almost all destroyed. The six
millions of separate landed proprietors, who had come in their place,
had scarcely any influence in the state; for the great majority of
them were too poor to pay 200 francs a-year (£8) direct taxes--the
necessary condition towards an admission into the electoral body--and
as individuals they were in too humble circumstances to have any
influence in the state. The returns of the "_Impôt foncière_," or
land-tax, showed that above four millions of this immense body had
properties varying from £2 to £10 a-year each--not more than is enjoyed
by an Irish bogtrotter. In these circumstances, not only was the
steadying influence of property in general unfelt in the state, but the
property which did make itself felt was of a disturbing rather than a
pacifying tendency; for it was that of bankers and money-lenders, whose
interests, being those of consumers, not producers, went to support
measures calculated to depress industry rather than elevate it, and
thereby augment rather than diminish the distress which, from these
causes, soon came to press so severely upon the urban population.
Public-domain text, read in full here on John Shaqi.
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