The Law of Civilization and Decay: An Essay on HistoryAdams, Brooks
Philosophy
The Law of Civilization and Decay: An Essay on History
Adams, Brooks
Civilization -- History; Degeneration; History -- Philosophy
For about a generation after the Restoration, no single interest had
the force to impose its will upon the nation, or, in other words,
parties were equally balanced; but from the middle of the century the
tide flowed rapidly. Capital accumulated, and as it accumulated the
men adapted to be its instruments grew to be the governing class.
Sir Josiah Child is the most interesting figure of this period.
His acquaintance remembered him a poor apprentice sweeping the
counting-house where he worked; and yet, at fifty, his fortune reached
£20,000 a year, a sum almost equal to the rent-roll of the Duke of
Ormond, the richest peer of the realm. Child married his daughter to
the eldest son of the Duke of Beaufort, and gave her £50,000, and his
ability was so commanding that for years he absolutely ruled the East
India Company, and used its revenues to corrupt Parliament. On matters
of finance such a man would hardly err, and he gave it as his opinion
that in 1635 “there were more merchants to be found upon the Exchange
worth each one thousand pounds and upwards, than were in the former
days, viz., before the year 1600, to be found worth one hundred pounds
each.”
“And now ... there are more men to be found upon the Exchange
now worth ten thousand pounds estates, than were then of one
thousand pounds. And if this be doubted, let us ask the aged,
whether five hundred pounds portion with a daughter sixty years
ago, were not esteemed a larger portion than two thousand
pounds is now; and whether gentlewomen in those days would
not esteem themselves well clothed in a serge gown, which a
chambermaid now will be ashamed to be seen in.... We have now
almost one hundred coaches for one we had formerly. We with
ease can pay a greater tax now in one year than our forefathers
could in twenty. Our customs are very much improved, I believe
above the proportion aforesaid, of six to one; which is not
so much in advance of the rates of goods as by increase of the
bulk of trade....
“I can myself remember since there were not in London used so
many wharves or keys for the landing of merchants’ goods, by
at least one third part, as now there are, and those that were
then could scarce have employment for half what they could
do; and now, notwithstanding one-third more used to the same
purpose, they are all too little, in time of peace, to land the
goods at, that come to London.”[320]
Public-domain text, read in full here on John Shaqi.
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