Where would England have been now, but for the energy, enterprise, and
public spirit of our manufacturers? Could agriculture have supported the
continuous increase of population? Is it not more probable that this
country would have become overrun by beggars,--or that property would
have been assailed and the constitution upset, as was the case in
France,--but for the extensive and remunerative employment afforded to
the labouring classes in the manufacturing districts? The steam engine
has indeed proved the safety-valve of England. It enabled the kingdom to
hold its ground firmly during the continental wars; and but for it, and
the industries which it has established, England would probably by this
time have sunk to the condition of a third or fourth-rate power.
It is true, the great manufacturers have become wealthy. But it would
certainly have been singular if, with their industry, energy, and powers
of organization, they had become poor! Men of the stamp of the Strutts,
Ashworths, Marshalls, and others, do not work for wealth merely, though
wealth comes to them. They have not become great because they were rich,
but they have become rich because they were great. Accumulations of
wealth are the result of exceptional industry, organization, and thrift,
rather than of exceptional gain. Adam Smith has said: "It seldom happens
that great fortunes are made by any one regularly-established and
well-known branch of business, but in consequence of a long life of
industry, frugality, and attention."
Public-domain text, read in full here on John Shaqi.
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