The rise, progress, and phases of human slavery: How it came into the world and how it shall be made to go outO'Brien, James Bronterre
History
The rise, progress, and phases of human slavery: How it came into the world and how it shall be made to go out
O'Brien, James Bronterre
Labor; Labor movement; Slavery; Social problems; Working class
The Public Debt is estimated, in round numbers, at £800,000,000. The
private indebtedness of the country is calculated at more than three
times the amount of the Public Debt--say £2,500,000,000. The interest
of the Public Debt is at least £30,000,000 per annum, including the
expenses of collection. The annual interest of private debts is
believed to exceed £100,000,000. Here is a fearful deduction to be made
from the aggregate earnings of the people every year, before a shilling
can be set aside for wages or profits. This mass of £130,000,000 per
annum is all sheer usury--a sheer plundering of the productive classes.
Yet it is only a part, and by no means the major part, of the annual
sacrifice entailed upon the industrious orders by our agrarian and
commercial systems. There is acknowledged to be upwards of £700,000,000
of property insured with our several insurance companies, who of course
receive premiums on the whole, varying in the per-centage charged,
according to the nature of the property insured, but amounting in the
aggregate to an enormous annual sum. This sum, like the interest of
the public and private debts, must be provided for every year before
wages and profits can begin. Then there is the unmortgaged portion of
the incomes derived from lands and houses. Then there is the public
and private taxation of the country (not included in the £30,000,000
set aside for the payment of the interest of the debt). There are the
tithes; the losses accruing from bad debts; the revenues of railway
companies, canal companies, water companies, gas companies, dock
companies, mining companies, banking companies, cemetery companies, and
countless other companies; the whole of which must be deducted from the
annual production of the country before the mechanic and labourer can
receive a farthing of wages, or before the mere employer and tradesman
can enter upon that margin to which wages and profits must look for
their share of the general produce. If we assume our present annual
production to be £630,000,000, one-third of this, or some £200,000,000,
must be set aside for the interest of public and private debts, the
revenues of companies, the claims of taxation, &c. The capitalists
and tradespeople may be supposed to pocket some £300,000,000 more,
and the miserable remnant, some £130,000,000 per annum, is probably
the _maximum_ of what the working-classes receive for producing the
whole. At all events, the latter do not average above 10s. per week for
each family; and supposing the number of working families to be about
5,000,000, this would give them a gross income of about £130,000,000
per annum.
Public-domain text, read in full here on John Shaqi.
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