Illustrations of political economy, Volume 7 (of 9)Martineau, Harriet
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Illustrations of political economy, Volume 7 (of 9)
Martineau, Harriet
Didactic fiction, English; Political fiction, English; Social problems -- Fiction
“I can tell you, sir,” said Oliver, showing himself from behind a knot
of his own men,—“I can tell you another consequence that would have
happened if the late fluctuation had not taken place. If prices had not
fallen, and fallen just when they did, I must have gone abroad to live,
where I might work to some purpose,—where my capital might have been
employed in producing wealth, instead of being given to my workmen to
buy dear food. Moreover, if prices now rise again so as to make you
change your mind and stay, I must go; so it comes just to the question,
which of us can best be spared?”
“If it comes to that,” replied Mr. Fergusson, “it is clear that I can
best be spared. Without saying anything about our respective characters
and influence, it is plain that it signifies much less where I spend my
revenue, than whether you invest your capital at home or abroad. If it
must come to this, I am the one to go.”
“And what but a bad state of the law could have brought the matter to
this point?” said Chatham. “What greater curse need a nation have than a
legislation which condemns either the rent-receiver or the capitalist to
banishment?”
Oliver’s men proceeded to agree in whispers that he was not in earnest
about going abroad; that it was only said to make the landlord wonder,
and put the question in a strong light. A man must suffer much and long
before he would leave his own land, and the workmen that were used to
his ways, and all that he had ever been accustomed to.
“True,” said Oliver, overhearing their remarks; “and I have suffered
much and long. It is true that banishment is the last attempt that many
a man will make to improve his fortunes; but it is an attempt which must
and will be made, if the fortunes of our manufacturers continue to
decline. I know all that you can tell me about the hardship to the
workmen who are left behind to be soon driven into the workhouse. I feel
how I should grieve to turn you all off, and shut up my foundry; but it
is one of the natural consequences of a legislation like that which we
have lived under. If our manufactures remain unsold on account of the
cost of feeding the labourers, it is certain that the manufacturers will
carry their capital,—the subsistence-fund of the people,—to some cheaper
land.”
And how much was it supposed that the price of wheat would fall if the
ports were opened? was the question proposed by the workmen, in their
alarm at the idea of manufacturing capital being forced out of the
country.
Public-domain text, read in full here on John Shaqi.
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