Blackwood's Edinburgh Magazine, Vol. 67, No. 415, May, 1850Various
History
Blackwood's Edinburgh Magazine, Vol. 67, No. 415, May, 1850
Various
England -- Periodicals; Scotland -- Periodicals
We are not only hopeful but sanguine as to the power of Great Britain in
extricating herself from a difficulty, not transient as before, but
settled in its character, because we believe that the downfal of a
wretched, presuming, and ignorant faction cannot be much longer delayed.
We have been cursed, for many years back, by the predominance of a race
of quacks, impostors, sham economists, and political adventurers, who,
through favour of the Reform Bill, have forced their way into
Parliament, after having failed in the ordinary occupations of trade,
and have succeeded in palming their crude and pestilential doctrines
upon Ministers too occupied with individual ambition to care much for
the public welfare. Does any one believe that such men have any interest
in maintaining the public credit, or that they would not, did an
opportunity occur, attempt to defraud the creditor, as they have already
succeeded in diminishing the means of the debtor? Surely a thoughtful
review of the political events which have occurred within the last five
years is enough to remove any lingering credulity on this point. We do
not ask any one to adopt our views, or to accept our construction. Let
him deliberately reflect upon the language of these men in 1845, when
the political and commercial fever was at its height—when private
individuals were persuaded that they might rear fortunes without the
drudgery of industry, and when statesmen were preparing to recommend the
same false principle for the general guidance of the nation. How the
upstart economists swaggered, strutted, and cackled then! Not a whit
less incompetent and treacherous, as guides in their own path, than were
the mushroom clerks and pimpled adventurers of the Stock Exchanges in
another, they stood forth like so many political John Laws, proclaiming
that unbounded wealth, increased demand for labour, and endless influx
of capital would be the immediate result of their magnificent
free-trading schemes. They had figures and blue-books, returns,
calculations and balance-sheets, painfully concocted by plodding
theorists, ready at hand to back up their asseverations, and to satisfy
the doubts of the most sceptical. This is peculiarly an age in which men
are befooled by figures. A century ago, it was enough that a statement
should pass from writing into print, and be included in the columns of a
journal, in order to secure its currency as a point of popular belief.
The increase of journalism has in some respects remedied this, most men
being now alive to the fact that typography possesses no peculiar
immunity from falsehood. But figures are—or at least were a few years
ago—untainted in their reputation. Few people were cautious enough to
resist a tempting calculation. It never entered into their heads to
suppose that there lay gross error, radical fallacy, and often
deliberate fraud, in the imposing array of cyphers which were
ostentatiously paraded for their inspection. If half-a-dozen
Public-domain text, read in full here on John Shaqi.
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