In the third place, nearly the whole railways in progress in the United
Kingdom have been stopped, or are to be in a few days, in consequence
partly of this exorbitant rate of interest, partly of the impossibility
of getting money even on these monstrous and hitherto unheard-of terms.
It is calculated that three hundred thousand labourers, embracing with
their families little short of a million of persons, have been from
this cause suddenly thrown out of work, and deprived of bread. Already
the effects of this grievous and sudden stoppage are apparent in the
metropolis, Manchester, Liverpool, Glasgow, and other great cities,
in the groups, at once pitiable and alarming, of rude and uncouth,
but sturdy and formidable labourers, who are seen congregating at
the corners of the principal streets. But if this is the effect of
the sudden stoppage on the mere navigators, the hod and barrow-men,
what must it be on the vast multitude of mechanics and iron workmen,
thrown idle from the inability of the railway companies, at present, at
least, to go on with their contracts? So dreadful has been the effects
of this stoppage in Lanarkshire and Ayrshire, the two principal iron
districts of Scotland, that before these pages issue from the press,
forty thousand persons in the former county, and thirty thousand in
the latter, including the families of the workmen, will be out of
employment in the iron and coal trades alone! The greater part of
this immense and destitute mass will fall on Glasgow, where already
half the mills are stopped or on short time, and in which city, since
the beginning of the year, no less than 49,993 Irish[8] have landed,
nine-tenths of whom were in the last stage of destitution, and no
inconsiderable part bringing with them the contagion of typhus fever.
In the fourth place, the great marts of manufacturing industry, both
for the home and the export trade, are in nearly as deplorable a
condition as the iron trade; and the multitude who will be out of bread
in them is not less appalling than in the railway and iron departments.
As a specimen of the condition to which they have been brought by the
combined operation of free trade and a fettered currency, we subjoin
the weekly return of the state of trade in Manchester for the week
ending November 23. It is well known that this return is made up under
the direction of the admirable police of that city, with the utmost
accuracy.
Weekly return made up to yesterday, (November 23), in the improved
form, of the state of the various cotton, silk, and worsted mills, and
other large establishments and works in Manchester:--
Public-domain text, read in full here on John Shaqi.
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