Stock in hand--
About 7,500,000 head of cattle, }
" 31,000,000 sheep and lambs, }
" 1,500,000 horses, } 250,000,000
" £50,000,000 value of timber, }
}
On an average, three months stock of grain, seeds,
hay, and other produce always on hand, }
-------------
Estimated agricultural capital £2,000,000,000
-------------
MANUFACTURING CAPITAL.
In Cotton, £24,500,000
" Woollen, 16,500,000
" Linen, 7,000,000
" Silk, 4,000,000
" Lace, 2,000,000
" Hose, 1,000,000
All others, 23,000,000
-----------
Estimated manufacturing capital, £78,000,000
-----------
The first reflection which must come home to the mind of every one
who considers these tables, is the astounding audacity of those who
have characterised the landlords as a grasping and rapacious class.
Singular, nay, almost incredible as it may appear, the annual value
of the production of manufactures is nearly double the amount of the
whole capital invested. This fact sufficiently explains the manner
in which so many colossal fortunes have been realised, while it
also suggests very painful reflections as to the condition of the
operatives who are the creators of all this wealth. But what are
we to think of the conduct of the men who, not content with such
enormous returns, have leagued together to swell them to a greater
amount, by demanding the free importation of foreign produce, under
the pretext that the people were oppressed by the continuance of a
system which gave remunerative prices, continuous employment, and
the means of livelihood to two-thirds of their aggregate number?
We acquit many of the leading and most respectable manufacturers
from being participators in any such scheme. Those connected with
the home trade have very generally been opposed to the application
of the Free-trade doctrines, the leading advocates of which were
comprised of men who manufactured solely for exportation, and whose
goods were neither intended nor adapted for British consumption.
It was for the exclusive benefit, as at the instigation of the
latter, that the Corn Laws were repealed. Few can be sorry--we
confess we are not--that even they have been disappointed in their
expectations. No tariffs have been relaxed in consequence of the
ill-omened surrender; on the contrary, the Continental states,
as well as the Americans, are protecting their own manufactures
Public-domain text, read in full here on John Shaqi.
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