Illustrations of political economy, Volume 2 (of 9)Martineau, Harriet
General
Illustrations of political economy, Volume 2 (of 9)
Martineau, Harriet
Didactic fiction, English; Political fiction, English; Social problems -- Fiction
None were more provident than Angus and Ella, or provident in a wiser
manner. Seeing so clearly as they did the importance of an increase of
capital in a society which was adding to its numbers every day, they
reflected and consulted much on the modes and rates of increase of
capital differently applied, and saw that the interest of the Company,
and of every individual employed by it, was one and the same. Since
capital grows from savings only, there seemed no hope that that of the
Company should keep pace with the demands upon it; but something might
be done by increasing the value of the capital,—by making it secure, by
lessening the attendant expenses, by using every possible method of
making production easy and rapid. If all the corn that was raised in the
islands had been used for seed-corn, instead of nine-tenths of it being
eaten; if all the fish had been turned into its market-price on the
spot, without any expense of curing, packing, and conveying, this
capital would still have doubled itself much more slowly than the number
of people who were to subsist upon it; and when their subsistence and
all attendant expenses were subtracted, the process became much slower.
Yet it was a favourable time and a favourable set of circumstances for
capital to grow in. The property was secure, being under the protection
of law well administered, and under the management of an united body of
directors. The expenses were small, the position of the different
stations being advantageous, and the required apparatus very simple.
Production was at the same time easy; for the herrings came regularly,
and the seasons had thus far been favourable. Here, then, capital might
grow, if ever or anywhere; and it did grow; but the demands upon it grew
still faster; and therefore Angus and Ella guarded the capital of their
employers as if it had been their own, while they added to their private
store as fast as was consistent with a due enjoyment of the fruits of
their labour. Though they had nine children, they were at present in
more favourable circumstances for saving than some of their neighbours
who had few or none. Dan and his Noreen, for instance, saved nothing;
how should they, when their hut scarcely protected them from the rain
and snow, or their clothing from the chilling winds,—when there was not
even the slightest preparation made for the tender little one that was
soon to come into their charge? There can be no saving expected from
those whose commonest wants are not supplied. The Murdochs were in
nearly as poor a condition; and since they had never managed to avoid
sinking, even in their best days, it was scarcely likely that they
should now. Fergus toiled and toiled, and just continued to keep his
place in the little society, but he could do no more. The consumption of
his family just equalled the supply afforded by his labour, so that he
could not, with all his efforts, set apart anything to begin saving
upon.
Public-domain text, read in full here on John Shaqi.
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