the wealth now existing in the country than there were in the sixteenth century, it seems certain that a greater share falls to almost every individual than fell to the share of any of the corresponding class in the sixteenth century. The King keeps a more splendid court. The establishments of the nobles are more magnificent. The esquires are richer; the merchants are richer; the shopkeepers are richer. The serving-man, the artisan, and the husbandman, have a more copious and palatable supply of food, better clothing, and better furniture. This is no reason for tolerating abuses, or for neglecting any means of ameliorating the condition of our poorer countrymen. But it is a reason against telling them, as some of our philosophers are constantly telling them, that they are the most wretched people who ever existed on the face of the earth. We have already adverted to Mr. Southey’s amusing doctrine about national wealth. A state, says he, cannot be too rich; but a people may be too rich. His reason for thinking this is extremely curious. “A people may be too rich, because it is the tendency of the commercial, and more especially of the manufacturing system, to collect wealth rather than to diffuse it. Where wealth is necessarily employed in any of the speculations of trade, its increase is in proportion to its amount. Great capitalists become like pikes in a fish-pond who devour the weaker fish; and it is but too certain, that the poverty of one part of the people seems to increase in the same ratio as the riches of another. There are examples of this in history. In Portugal, when the high tide of wealth flowed in from the conquests in Africa and the East, the effect of that great influx was not more visible in the augmented splendour of the court, and the luxury of the higher ranks, than in the distress of the people.”