The exposition of 1851 : $b or, Views of the industry, the science, and the government, of EnglandBabbage, Charles
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The exposition of 1851 : $b or, Views of the industry, the science, and the government, of England
Babbage, Charles
Great Exhibition (1851 : London, England)
How often has the question been asked by persons seeking a profitable
investment of their capital, Will such a canal or railroad pay? This is
really an indefinite question, and admits of no one answer applicable to
all cases. It may, for example, in some particular instance, be
tolerably certain that at the end of the first four years, if the shares
are sold, and the account closed, there will be an entire loss of half
the principal, and all interest during that time. If the shares are not
sold until the end of eight years, they will produce a return of the
original capital, together with a profit of five per cent. If, however,
those shares were retained until the end of twelve years, they might,
when sold, produce a return of the original capital, together with a
profit of ten per cent. during the whole time.
Now, it is obvious that the answer to the question, “Will that canal or
railway pay?” must depend on the capital possessed by the purchaser and
on the period of time during which he can afford to abstain from its
use. The purchaser who could not abstain from the use of the interest of
his money for four years might be ruined, whilst he who could abstain
for twelve, might be greatly enriched. But a wealthy country is
generally better able to abstain than any commercial firm, and the
investment in discoveries becoming productive at a distant time, will be
of far more advantage to a nation than to individuals.
A certain number of persons maintain the opinion, that if men of science
became rich they would become idle, and that it is expedient to starve
them into discovery. Such persons may perhaps have been misled by
arguing from a supposed analogy with some other profession. But the
pleasure of science arises from the exertion, not from the inactivity of
the mind.
Others, and a very large number, hold that science is of so sublime a
nature, that it ought to be above all sublunary rewards;—they maintain
that it is beneath its dignity to wish for the wealth or the honours
awarded to success in other pursuits;—that ribbons and titles are quite
unworthy of the ambition of those who are searching into the truths of
nature.
When men state a principle, the best test of their sincerity is to be
found in their application of it. We may ourselves utterly repudiate a
principle, and yet be unable to show that it is not sincerely believed
by those who assert its authority. Man cannot dive into the mind of his
fellow-man, and witness the internal conviction he asserts; but he can
always examine the _fairness_ with which he applies that principle.
Now, if the lofty dignity of science is such that it is, from its very
nature, incompatible with wealth—if decorations and titles are entirely
unworthy of its legitimate ambition,—then, as a necessary consequence,
all pursuits of a higher order are still more absolutely excluded from
such vanities.
Public-domain text, read in full here on John Shaqi.
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