“Another erroneous idea is that luxurious living, extravagant dressing, splendid turn-outs, and fine houses, are the cause of distress to a nation. No more erroneous impression could exist. Every extravagance that the man of 100,000 or 1,000,000 dollars indulges in, adds to the means, the support, the wealth of ten or a hundred who had little or nothing else but their labour, their intellect, or their taste. If a man of 1,000,000 dollars spends principal and interest in ten years, and finds himself beggared at the end of that time, he has actually made a hundred who have catered to his extravagance, employers or employed, so much richer by the division of his wealth. He may be ruined, but the nation is better off and richer, for one hundred minds and hands, with 10,000 dollars apiece, are far more productive than one with the whole.” Now that is precisely the view also taken of the matter by a large number of Radical Economists in England as well as America; only they feel that the time, however short, which the rich gentleman takes to divide his property among them in his own way, is practically wasted; and even worse, because the methods which the gentleman himself is likely to adopt for the depression of his fortune will not, in all probability, be conducive to the elevation of his character. It appears, therefore, on moral as well as economical grounds, desirable that the division and distribution should at once be summarily effected; and the only point still open to discussion in the views of the Common Councilmen is to what degree of minuteness they would think it advisable to carry the subsequent subdivision.