Next to the landlords and royalty owners I should place the railway
companies. The prices charged for the carriage of coal are very high,
and if the price of coal must be reduced, the profits made on the
carriage should be reduced.
Third in order come the coal owners, with what they call "a fair rate of
interest on invested capital."
How is it that the Press never reproaches any of those four idle and
overpaid classes with selfishness in causing the poor workers of other
trades to go short of fuel?
How is it that the Press never chides these men for their folly in
trying to keep up profits, royalties, and interest in a "falling
market"?
It looks as if the "immutable laws" of political economy resemble the
laws of the land. It looks as if there is one economic law for the rich
and another for the poor.
The merchants, commission agents, and other middlemen I leave out of the
question. These men are worse than worthless--they are harmful. They
thwart; and hinder, and disorder the trade, and live on the colliers,
the coal masters, and the public. There is no excuse, economic or moral,
for their existence. But there is only one cure for the evil they do,
and that is to drive them right out of the trade.
I claim, then, that if the price of coal must be reduced, the sums paid
to the above-named three classes should be cut down first, because they
get a great deal more, and do a great deal less, than the carriers'
labourers and the colliers.
First as to the coal owners and the royalty owners. We see that the
_whole sum_ of the wages of the colliers for a year was only L6,000,000,
while the royalty owners and the coal owners took L17,000,000, or nearly
three times as much.
And yet we were told that the _miners_, the men who _work_, were
"selfish" for refusing to have their wages reduced.
Nationalise the land and the mines, and you at once save L17,000,000,
and all that on the one trade.
So with the railways. Nationalise the railways, and you may reduce the
cost of the carriage of coal (and of all goods and passengers) by the
amount of the profits now made by the railway companies, plus a good
deal of the expense of management.
For if the Municipalities can give you better trams, pay the guards and
drivers better wages for shorter hours, and reduce penny fares to
halfpenny fares, and still clear a big profit, is it not likely that the
State could lower the freights of the railways, and so reduce the cost
of carrying foods and manufactured goods and raw material?
Our foreign trade, and our home industries also, are taxed and
handicapped in their competition by every shilling paid in royalties,
in rents, in interest, in profits, and in dividends to persons who do no
work and produce no wealth; they are handicapped further by the salaries
and commissions of all the superfluous managers, canvassers, agents,
travellers, clerks, merchants, small dealers, and other middlemen who
now live upon the producer and consumer.
Public-domain text, read in full here on John Shaqi.
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