Blackwood's Edinburgh Magazine, Vol. 70, No. 431, September 1851Various
History
Blackwood's Edinburgh Magazine, Vol. 70, No. 431, September 1851
Various
England -- Periodicals; Scotland -- Periodicals
Now, it is perfectly obvious that agricultural distress, by which
I mean the continuance of a range of unremunerative prices, cannot
long prevail in any district, without affecting the traffic of the
towns. You, who are an extensive retail merchant in Dreepdaily,
know well that the business of your own trade depends in a great
degree upon the state of the produce markets. So long as the farmer
is thriving, he buys from you and your neighbours liberally, and you
find him, I have no doubt, your best and steadiest customer. But if
you reverse his circumstances, you must look for a corresponding
change in his dealings. He cannot afford to purchase silks for his
wife and daughters, as formerly; he grows penurious in his own
personal expenditure, and denies himself every unnecessary luxury;
he does nothing for the good of trade, and is impassable to all the
temptations which you endeavour to throw in his way. To post your
ledger is now no very difficult task. You find last year's stock
remaining steadily on your hands; and when the season for the annual
visit of the bagmen comes round, you dismiss them from your premises
without gratifying their avidity by an order. This is a faithful
picture of what has been going on for two years, at least, in the
smaller inland boroughs. No doubt you are getting your bread cheap;
but those whose importations have brought about that cheapness,
never were, and never can be, customers of yours. Even supposing
that they were to take goods in exchange for their imported grain,
no profit or custom could accrue to the retail shopkeeper, who must
necessarily look to the people around him for the consumption of
his wares. In this way trade has been made to stagnate, and profits
have of course declined, until the tradesmen, weary of awaiting
the advent of a prosperity which never arrives, have come to the
conclusion, that they will best consult their interest by giving
their support to a policy the reverse of that which has crippled the
great body of their customers.
Public-domain text, read in full here on John Shaqi.
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