Classical literature; Finance, Public -- Greece -- Athens -- Early works to 1800; Revenue -- Greece -- Athens -- Early works to 1800
I come to a new topic. I am persuaded that the establishment of the
silver mines on a proper footing (1) would be followed by a large
increase in wealth apart from the other sources of revenue. And I would
like, for the benefit of those who may be ignorant, to point out what
the capacity of these mines really is. You will then be in a position
to decide how to turn them to better account. It is clear, I presume,
to every one that these mines have for a very long time been in active
operation; at any rate no one will venture to fix the date at which they
first began to be worked. (2) Now in spite of the fact that the silver
ore has been dug and carried out for so long a time, I would ask you to
note that the mounds of rubbish so shovelled out are but a fractional
portion of the series of hillocks containing veins of silver, and as
yet unquarried. Nor is the silver-bearing region gradually becoming
circumscribed. On the contrary it is evidently extending in wider area
from year to year. That is to say, during the period in which thousands
of workers (3) have been employed within the mines no hand was ever
stopped for want of work to do. Rather, at any given moment, the work to
be done was more than enough for the hands employed. And so it is
to-day with the owners of slaves working in the mines; no one dreams
of reducing the number of his hands. On the contrary, the object is
perpetually to acquire as many additional hands as the owner possibly
can. The fact is that with few hands to dig and search, the find of
treasure will be small, but with an increase in labour the discovery of
the ore itself is more than proportionally increased. So much so, that
of all operations with which I am acquainted, this is the only one
in which no sort of jealousy is felt at a further development of the
industry. (4) I may go a step farther; every proprietor of a farm will
be able to tell you exactly how many yoke of oxen are sufficient for the
estate, and how many farm hands. To send into the field more than the
exact number requisite every farmer would consider a dead loss. (5) But
in silver mining (operations) the universal complaint is the want of
hands. Indeed there is no analogy between this and other industries.
With an increase in the number of bronze-workers articles of bronze may
become so cheap that the bronze-worker has to retire from the field. And
so again with ironfounders. Or again, in a plethoric condition of the
corn and wine market these fruits of the soil will be so depreciated in
value that the particular husbandries cease to be remunerative, and many
a farmer will give up his tillage of the soil and betake himself to the
business of a merchant, or of a shopkeeper, to banking or money-lending.
But the converse is the case in the working of silver; there the larger
the quantity of ore discovered and the greater the amount of silver
extracted, the greater the number of persons ready to engage in the
operation.
Public-domain text, read in full here on John Shaqi.
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