Millions from Waste — John Stuart Mill — John Shaqi
Millions from Waste
John Stuart Mill · en
So insistent and overwhelming has grown the demand for petrol that
the producers are hard put to it to keep pace with the requirements.
A petroleum boom has reverberated around the world, eclipsing in
intensity any stampede identified with the search for gold. To these
islands the petroleum age has contributed very little wealth, although
it has been responsible for revived interest in the exploitation of
our shale--another form of waste--but to Russia, the United States of
America, Mexico, and the East, where the earth reeks with petroleum, it
has brought wealth untold. It has completely transformed the economic
outlook of certain nations, and in some instances has served to rescue
a country from bankruptcy. To us it is of appreciable significance
because, so far, we have been compelled to draw upon distant sources
for our requirements and so have to contribute to the national wealth
of others, some of whom are our most spirited rivals in trade.
In 1913 our imports of petroleum products aggregated 488,106,963
gallons, valued at £10,856,806--$54,284,030--the contribution
from Greater Britain being 22,172,701 gallons, valued at
£829,868--$4,149,340. Of this enormous volume 100,858,017 gallons
represented petrol for our motors--the waste product of forty years ago
at the refineries--for which we had to pay £3,803,397--$19,016,985. In
the year when mechanical road propulsion was ushered in petrol could
be obtained for about 4d.--8 cents--a gallon: in 1918 it commanded
3s. 6d.--84 cents--a gallon. An increase of over 900 per cent. in
value within approximately 35 years represents no mean achievement in
commercial expansion, but when it relates to an erstwhile waste product
the record is far more sensational.
To relate all the fortunes which have been amassed from the
commercialization of what was once rejected and valueless would
require a volume. Yet it is a story of fascinating romance and one
difficult to parallel in the whole realm of human activity. It was the
waste energy of water which laid the foundations of Lord Armstrong’s
fortune and the enormous fabric of the huge firm on Tyneside. Sir
Hiram Maxim revolutionized warfare by harnessing the wasted kick or
recoil to reload and fire his machine-gun, thereby introducing one
of the most formidable small arms ever devised to conduct the gentle
art of killing. Lord Masham established a new industry and became a
millionaire by taking the “chassum” or silk waste--a refuse which had
even suffered rejection as a manure because it took such a long time
to rot--and utilizing it as a raw material for the production of a
new and wonderful range of beautiful fabrics in velvet and plush. It
was another textile wizard, Sir Titus Salt, who perfected the process
for turning the wool sheared from the back of a member of the camel
family roaming the heights of the Andes, and which was classed as sheer
rubbish, into the soft glossy fabric known as alpaca.