The Forgotten Man, and Other EssaysSumner, William Graham
Science
The Forgotten Man, and Other Essays
Sumner, William Graham
Economics; Social sciences
If a country had a foreign trade of any magnitude whatever, it would
not be any object for that country to do its own carrying. The figures
which show the amount paid by the people of the United States to
non-American ship owners for freight, and the figures which show the
small percentage of our foreign commerce which is carried under the
American flag, in themselves prove nothing at all. The only question
which is of importance is this: are the people of the United States
better employed now than they would be if engaged in owning and sailing
ships? If they were under no restraints or interferences, that question
also would answer itself. If Americans owned no ships and sailed no
ships, but hired the people of other countries to do their ocean
transportation for them, it would simply prove that Americans had some
better employment for their capital and labor. They would get their
transportation accomplished as cheaply as possible. That is all they
care for, and it would be as foolish for any nation to insist on doing
its own ocean transportation, devoting to this use capital and labor
which might be otherwise more profitably employed, as it would be for a
merchant to insist on doing his own carting, when some person engaged
in carting offered him a contract on more advantageous terms than those
on which he could do the work.
Furthermore, the people of a country which had little foreign commerce
might find it very advantageous to prosecute the carrying trade. In
history, the great trading nations have been those which had a small
or poor territory at home: the Dutch were the great carriers of the
seventeenth and eighteenth centuries, when the foreign commerce of
their own territory was insignificant; the New Englanders of the last
century and of the first quarter of this century became the carriers
of commodities to and fro between all parts of the world, especially
between our middle and southern states and the rest of the world. They
took to the sea because their land did not furnish them with products
which could remunerate their capital and labor so well as the carrying
trade did. They won a high reputation for the merchant service, which
was in their hands, and they earned fortunes by energy, enterprise,
promptitude, and fidelity. The carrying trade is an industry like any
other; it is neither more nor less desirable in itself than any other.
In any natural and rational state of things it would be absurd to be
writing essays about it. If any one thought he could make more profit
in that business than in some other he would set about it. When the
census was taken he would be found busy at that business, would be so
reported, and that would be the end of the matter as a phenomenon of
public interest.
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account