The Argentine Railway had special importance and interest, in opening up
a vast and most fruitful and salubrious region to European emigration.
Those territories offer room and food for myriads. "The population of
Russia, that hard-featured country, is about 75,000,000, the population
of the Argentine Republic, to which nature has been so bountiful, and in
which she is so beautiful, is about 1,000,000." If ever government in
the South American States becomes more settled, we shall find them
formidable rivals.
The Indian Railways are also likely to be a landmark in the history of
civilization. They unite that vast country and its people, both
materially and morally, break down caste, bring the natives from all
parts to the centres of instruction, and distribute the produce of the
soil evenly and rapidly, so as to mitigate famines. The Orissa famine
would never have occurred, had Mr. Brassey's works been there. What
effect the railways will ultimately have on British rule is another
question. They multiply the army by increasing the rapidity of
transport, but, on the other hand, they are likely to diminish that
division among the native powers on which the Empire is partly based.
Rebellion may run along the railway line as well as command.
There were periods in Mr. Brassey's career during which he and his
partners were giving employment to 80,000 persons, upon works requiring
seventeen millions of capital for their completion. It is also
satisfactory to know, that in the foreign countries and colonies over
which his operations extended, he was instrumental in raising the wages
and condition of the working class, as well as in affording to the
_elite_ of that class opportunities for rising to higher positions.
His remuneration for all this, though in the aggregate very large, was
by no means excessive. Upon seventy-eight millions of money laid out in
the enterprises which he conducted, he retained two millions and a half,
that is as nearly as possible three per cent. The rest of his fortune
consisted of accumulations. Three per cent. was not more than a fair
payment for the brain-work, the anxiety and the risk. The risk, it must
be recollected, was constant, and there were moments at which, if Mr.
Brassey had died, he would have been found comparatively poor. His
fortune was made, not by immoderate gains upon any one transaction, but
by reasonable profits in a business which was of vast extent, and owed
its vast extent to a reputation, fairly earned by probity, energy and
skill. We do not learn that he figured in any lobby, or formed a member
of any ring. Whether he was a Norman or not, he was too much a
gentleman, in the best sense of the term, to crawl to opulence by low
and petty ways. He left no stain on the escutcheon of a captain of
industry.
Public-domain text, read in full here on John Shaqi.
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