The exposition of 1851 : $b or, Views of the industry, the science, and the government, of EnglandBabbage, Charles
History
The exposition of 1851 : $b or, Views of the industry, the science, and the government, of England
Babbage, Charles
Great Exhibition (1851 : London, England)
The tradesmen of London had been unduly and rather indelicately pressed
to subscribe towards the Exposition; many were compelled to subscribe
against their wishes. They saw few or none of the advantages which would
accrue to them from it, and they believed, (erroneously,) that it would
inundate the country with foreign and cheaper articles that would
supplant their own trade.
It was thought that, when the public became acquainted with the
wholesale as well as with the retail price of articles, such knowledge
would lead to a reduction of the retail profits. The public, it was
argued, would be reluctant to make a fair allowance for the various
items which contribute to swell the amount of the difference between the
wholesale and retail price of commodities.
§ It may be useful then to state broadly the principle, that it is
greatly for the advantage of the public, both as regards economy of time
and of money, that there should always exist a sufficient number of
middle-men of various orders.
The shopkeeper, who is the one in immediate contact with the public, and
therefore liable to the greatest misrepresentation, has, amongst others,
the following expenses to add to the cost of production, which must
necessarily increase the retail price:—
1. Commission to broker or other middle-man.
2. Cost of carriage from manufactory to shop.
3. Rent of shop itself, and perhaps, also of a warehouse.
4. Insurance of stock against fire.
5. Attendants to sell in shop.
6. Sending goods home to purchasers.
7. Expense of paper, string, &c. for packing goods delivered.
8. Loss by plunder of servants.
9. Expense of taking stock to diminish this loss.
10. Goods soiled or injured by exposing to sale.
11. Goods going out of fashion, cheapened by improved manufacture, or
superseded by new inventions.
12. Giving long credit.
13. Bad debts.
14. Payment for his own personal services, as retail trader.
15. Interest on capital employed.
§ Admitting, however, that these grounds fully account for a large
difference between the wholesale and retail price, they will by no means
justify several practices which are too frequent at some shops at the
west end of the town.
Different prices for the very same article are often demanded by retail
tradesmen, according to the supposed position of the purchaser. Fish,
for example, which varies much in price, and is at times very cheap,
will seldom be found charged in the household bill much below the
average price, unless the housekeeper is honest and looks sharply after
the matter. Few circumstances more annoy a customer or are more
injurious to the tradesman than this offence of having two prices.
Public-domain text, read in full here on John Shaqi.
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