Here, then, is abundance of money within the power of
working-men,--money which they might utilize, but do not. Think only of
a solitary million, out of the three millions sterling which they threw
away during the coal strike, being devoted to the starting of
collieries, or iron-mills, or manufactories, to be worked by
co-operative production for the benefit of the operatives themselves.
With frugal habits, says Mr. Greg, the well-conditioned workman might in
ten years easily have five hundred pounds in the bank; and, combining
his savings with twenty other men similarly disposed, they might have
ten thousand pounds for the purpose of starting any manufacture in which
they are adepts.[1]
[Footnote 1: "The annual expenditure of the working classes alone, on
drink and tobacco, is not less than £60,000,000. Every year, therefore,
the working classes have it in their power to become capitalists
(_simply by saving wasteful and pernicious expenditure_) to an extent
which would enable them to start at least 500 cotton mills, or coal
mines, or iron works, _on their own account_, or to purchase at least
500,000 acres, and so set up 50,000 families each with a nice little
estate of their own of ten acres, on fee simple. No one can dispute the
facts. No one can deny the inference."--_Quarterly Review,_ No. 263.]
That this is not an impracticable scheme, is capable of being easily
proved. The practice of co-operation has long been adopted by workpeople
throughout England. A large proportion of the fishery industry has been
conducted on that principle for hundreds of years. Fishermen join in
building, rigging, and manning a boat; the proceeds of the fish they
catch at sea is divided amongst them--so much to the boat, so much to
the fishermen. The company of oyster-dredgers of Whitstable "has existed
time out of mind,"[2] though it was only in 1793 that they were
incorporated by Act of Parliament. The tin-miners of Cornwall have also
acted on the same principle. They have mined, washed, and sold the tin,
dividing the proceeds among themselves in certain proportions,--most
probably from the time that the Phoenicians carried away the produce to
their ports in the Mediterranean.
[Footnote 2: Reports on the Paris Universal Exhibition, 1867, vol. vi.,
p. 252.]
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