Blackwood's Edinburgh Magazine, Vol. 67, No. 416, June 1850Various
General
Blackwood's Edinburgh Magazine, Vol. 67, No. 416, June 1850
Various
England -- Periodicals; Scotland -- Periodicals
practical men who, in such multitudinous numbers, have left their
homes and have come here to tell, in this central heart of England,
their feelings upon the distresses and dangers that have overtaken
them. But I will just glance at what is the prevailing symptom of
the distress of the present day. And, strange as it may appear, the
prevailing symptom is cheapness--cheapness of all the necessaries and
conveniences of life--cheapness of the bountiful gifts of Providence,
the productions of the earth--cheapness of the works of man, the
produce of his skill and labour. And how is it that this cheapness,
which augurs plenty and abundance, should not be accompanied with its
usual, nay, its invariable concomitants--ease, enjoyment, safety,
and repose? (Cheers.) There must be something fundamentally wrong in
a state which produces such startling results. It was the opinion
of one whose opinion, and whose memory too, ought to be an object
of veneration with every Free-trader, as unquestionably they are of
respect, from the sterling, amiable, pains-taking qualities of the
man--I allude to the late Mr Huskisson--it was his opinion, and he
delivered it in his place in the House of Commons so long ago as the
year 1815--it was his opinion that nothing could be more delusive
than the proposition that cheapness in the price of provisions is
always a benefit. On the contrary, cheapness, without a demand for
labour, is a symptom of distress. (Cheers.) The French, he adds, in
his day, had cheapness without capital, and that was a proof in them
of progressive decay. But this all-pervading state of cheapness is so
ably glanced at and set forth in a document which I hold in my hand,
and which has been transmitted to me since my arrival in town, that
I cannot forbear quoting some passages from it. It is the Address of
the Metropolitan Trades' Delegates to their fellow-countrymen, on the
interests and the present position of the labouring classes of the
empire; and if there can be words of solemn warning and import, they
are contained in this most extraordinary document. It commences:--
"Fellow-Countrymen,--There is not recorded an era in the history of
our country, nor, indeed, in the history of all nations, when the
great subject of the natural and social rights of those who live by
means of their labour was required to be so thoughtfully considered,
so clearly explained, and so zealously and faithfully supported, as
the present era."
It afterwards goes on to treat the question of cheapness thus:--
"We have it announced to us that it is under the operation of
unregulated, stimulated, and universal competition, we are henceforth
to live.
Public-domain text, read in full here on John Shaqi.
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