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merchant's; as I have said; to provide。 That is to say; he has to
understand to their very root the qualities of the thing he deals
in; and the means of obtaining or producing it; and he has to
apply all his sagacity and energy to the producing or obtaining
it in perfect state; and distributing it at the cheapest possible
price where it is most needed。
And because the production or obtaining of any commodity
involves necessarily the agency of many lives and hands; the
merchant becomes in the course of his business the master and
governor of large masses of men in a more direct; though less
confessed way; than a military officer or pastor; so that on him
falls; in great part; the responsibility for the kind of life
they lead: and it becomes his duty; not only to be always
considering how to produce what he sells; in the purest and
cheapest forms; but how to make the various employments involved
in the production; or transference of it; most beneficial to the
men employed。
And as into these two functions; requiring for their right
exercise the highest intelligence; as well as patience; kindness;
and tact; the merchant is bound to put all his energy; so for
their just discharge he is bound; as soldier or physician is
bound; to give up; if need be; his life; in such way as it may be
demanded of him。 Two main points he has in his providing function
to maintain: first; his engagements (faithfulness to engagements
being the real root of all possibilities; in commerce); and;
secondly; the perfectness and purity of the thing provided; so
that; rather than fail in any engagement; or consent to any
deterioration; adulteration; or unjust and exorbitant price of
that which he provides; he is bound to meet fearlessly any form
of distress; poverty; or labour; which may; through maintenance
of these points; come upon him。
Again: in his office as governor of the men employed by him;
the merchant or manufacturer is invested with a distinctly
paternal authority and responsibility。 In most cases; a youth
entering a commercial establishment is withdrawn altogether from
home influence; his master must become his father; else he has;
for practical and constant help; no father at hand: in all cases
the master's authority; together with the general tone and
atmosphere of his business; and the character of the men with
whom the youth is compelled in the course of it to associate;
have more immediate and pressing weight than the home influence;
and will usually neutralize it either for good or evil; so that
the only means which the master has of doing justice to the men
employed by him is to ask himself sternly whether he is dealing
with such subordinate as he would with his own son; if compelled
by circumstances to take such a position。
Supposing the captain of a frigate saw it right; or were by
any chance obliged; to place his own son in the position of a
common sailor: as he would then treat his son; he is bound always
to treat every one of the men under him。 So; also; supposing the
master of a manufactory saw it right; or were by any chance
obliged; to place his own son in the position of an ordinary
workman; as he would then treat his son; he is bound always to
treat every one of his men。 This is the only effective; true; or
practical Rule which can be given on this point of political
economy。
And as the captain of a ship is bound to be the last man to
leave his ship in case of wreck; and to share his last crust with
the sailors in case of famine; so the manufacturer; in any
commercial crisis or distress; is bound to take the suffering of
it with his men; and even to take more of it for himself than he
allows his men to feel; as a father would in a famine; shipwreck;
or battle; sacrifice himself for his son。
All which sounds very strange: the only real strangeness in
the matter being; nevertheless; that it should so sound。 For all
this is true; and that not partially nor theoretically; but
everlastingly and practically: all other doctrine than this
respecting matters political being false in premises; absurd in
deduction; and impossible in practice; consistently with any
progressive state of national life; all the life which we now
possess as a nation showing itself in the resolute denial and
scorn; by a few strong minds and faithful hearts; of the economic
principles taught to our multitudes; which principles; so far as
accepted; lead straight to national destruction。 Respecting the
modes and forms of destruction to which they lead; and; on the
other hand; respecting the farther practical working of true
polity; I hope to reason farther in a following paper。
The Veins of Wealth
The answer which would be made by any ordinary political
economist to the statements contained in the preceding paper; is
in few words as follows:
〃It is indeed true that certain advantages of a general
nature may be obtained by the development of social affections。
But political economists never professed; nor profess; to take
advantages of a general nature into consideration。 Our science is
simply the science of getting rich。 So far from being a
fallacious or visionary one; it is found by experience to be
practically effective。 Persons who follow its precepts do
actually become rich; and persons who disobey them become poor。
Every capitalist of Europe has acquired his fortune by following
the known laws of our science; and increases his capital daily by
an adherence to them。 It is vain to bring forward tricks of
logic; against the force of accomplished facts。 Every man of
business knows by experience how money is made; and how it is
lost。〃
Pardon me。 Men of business do indeed know how they themselves
made their money; or how; on occasion; they lost it。 Playing a
long…practised game; they are familiar with the chances of its
cards; and can rightly explain their losses and gains。 But they
neither know who keeps the bank of the gambling…house; nor what
other games may be played with the same cards; nor what other
losses and gains; far away among the dark streets; are
essentially; though invisibly; dependent on theirs in the lighted
rooms。 They have learned a few; and only a few; of the laws of
mercantile economy; but not one of those of political economy。
Primarily; which is very notable and curious; I observe that
men of business rarely know the meaning of the word 〃rich。〃 At
least; if they know; they do not in their reasonings allow for
the fact; that it is a relative word; implying its opposite
〃poor〃 as positively as the word 〃north〃 implies its opposite
〃south。〃 Men nearly always speak and write as if riches were
absolute; and it were possible; by following certain scientific
precepts; for everybody to be rich。 Whereas riches are a power
like that of electricity; acting only through inequalities or
negations of itself。 The force of the guinea you have in your
pocket depends wholly on the default of a guinea in your
neighbour's pocket。 If he did not want it; it would be of no use
to you; the degree of power it possesses depends accurately upon
the need or desire he has for it; and the art of making
yourself rich; in the ordinary mercantile economist's sense; is
therefore equally and necessarily the art of keeping your
neighbour poor。
I would not contend in this matter (and rarely in any matter)
for the acceptance of terms。 But I wish the reader clearly and
deeply