Essays: Scientific, Political, & Speculative; Vol. 3 of 3: Library Edition (1891), Containing Seven Essays not before Republished, and Various other Additions.Spencer, Herbert
Philosophy
Essays: Scientific, Political, & Speculative; Vol. 3 of 3: Library Edition (1891), Containing Seven Essays not before Republished, and Various other Additions.
Spencer, Herbert
Philosophy; Political science; Science
now to those whose efforts are directed to railway expansion. Consider
the constant pressure of local populations—of small towns, of rural
districts, of landowners: all of them eager for branch accommodation;
all of them with great and definite advantages in view; few of them
conscious of the loss those advantages may entail on others. Remember
the influence of legislators, prompted, some by their constituents,
some by personal aims, and encouraged by the belief that additional
railway facilities are in every case nationally beneficial; and then
infer the extent to which as stated to Mr. Cardwell’s committee,
Parliament has “excited and urged forward” Companies into rivalry.
Note the temptations under which lawyers are placed—the vast profits
accruing to them from every railway contest, whether ending in success
or failure; and then imagine the range and subtlety of their extension
manœuvring. Conceive the urgency of engineers; to the richer of whom
more railway-making means more wealth; to the mass of whom more
railway-making means daily bread. Estimate the capitalist-power of
contractors; whose unemployed plant brings heavy loss; whose plant when
employed brings great gain. Then recollect that to lawyers, engineers,
and contractors the getting up and executing of new undertakings is a
business—a business to which every energy is directed; in which many
years of practice have given great skill; and to the facilitation of
which, all means tolerated by men of the world are thought justifiable.
{84} Finally, consider that the classes interested in carrying out
new schemes, are in constant communication, and have every facility
for combined action. A great part of them live in London, and most
of these have offices at Westminster—in Great George Street, in
Parliament Street, clustering round the Legislature. Not only are they
thus concentrated—not only are they throughout the year in frequent
business intercourse; but during the session they are daily together,
in Palace-Yard Hotels, in the lobbies, in the committee-rooms, in the
House of Commons itself. Is it any wonder then, that the wide-spread,
ill-informed unorganized body of shareholders, standing severally
alone, and each pre-occupied with his private affairs, should be
continually out-generalled by the comparatively small but active,
skilful, combined body opposed to them, whose very occupation is at
stake in gaining the victory?
“But how about the directors?” it will perhaps be asked. “How can they
be parties to these obviously unwise undertakings? They are themselves
shareholders; they gain by whatever benefits the proprietary at large;
they lose by whatever injures it. And if without their consent, or
rather their agency, no new scheme can be adopted by the Company, the
classes interested in fostering railway enterprise are powerless to do
harm.”
Public-domain text, read in full here on John Shaqi.
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