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entrusted until there comes a period of extreme necessity for
them; on one side or other; and then exacts in exchange for them
all that the distressed farmer can spare of other kinds of
produce: it is easy to see that by ingeniously watching his
opportunities; he might possess himself regularly of the greater
part of the superfluous produce of the two estates; and at last;
in some year of severest trial or scarcity; purchase both for
himself and maintain the former proprietors thenceforward as his
labourers or servants。
This would be a case of commercial wealth acquired on the
exactest principles of modern political economy。 But more
distinctly even than in the former instance; it is manifest in
this that the wealth of the State; or of the three men considered
as a society; is collectively less than it would have been had
the merchant been content with juster profit。 The operations of
the two agriculturists have been cramped to the utmost; and the
continual limitations of the supply of things they wanted at
critical times; together with the failure of courage consequent
on the prolongation of a struggle for mere existence; without any
sense of permanent gain; must have seriously diminished the
effective results of their labour; and the stores finally
accumulated in the merchant's hands will not in any wise be of
equivalent value to those which; had his dealings been honest;
would have filled at once the granaries of the farmers and his
own。
The whole question; therefore; respecting not only the
advantage; but even the quantity; of national wealth; resolves
itself finally into one of abstract justice。 It is impossible to
conclude; of any given mass of acquired wealth; merely by the
fact of its existence; whether it signifies good or evil to the
nation in the midst of which it exists。 Its real value depends on
the moral sign attached to it; just as sternly as that of a
mathematical quantity depends on the algebraical sign attached to
it。 Any given accumulation of commercial wealth may be
indicative; on the one hand; of faithful industries; progressive
energies; and productive ingenuities: or; on the other; it may be
indicative of mortal luxury; merciless tyranny; ruinous chicane。
Some treasures are heavy with human tears; as an ill…stored
harvest with untimely rain; and some gold is brighter in sunshine
than it is in substance。
And these are not; observe; merely moral or pathetic
attributes of riches; which the seeker of riches may; if he
chooses; despise; they are; literally and sternly; material
attributes of riches; depreciating or exalting; incalculably; the
monetary signification of the sum in question。 One mass of money
is the outcome of action which has created; another; of action
which has annihilated; ten times as much in the gathering of
it; such and such strong hands have been paralyzed; as if they
had been numbed by nightshade: so many strong men's courage
broken; so many productive operations hindered; this and the
other false direction given to labour; and lying image of
prosperity set up; on Dura plains dug into seven…times…heated
furnaces。 That which seems to be wealth may in verity be only the
gilded index of far…reaching ruin: a wrecker's handful of coin
gleaned from the beach to which he has beguiled an argosy; a
camp…follower's bundle of rags unwrapped from the breasts of
goodly soldiers dead; the purchase…pieces of potter's fields;
wherein shall be buried together the citizen and the stranger。
And therefore; the idea that directions can be given for the
gaining of wealth; irrespectively of the consideration of its
moral sources; or that any general and technical law of purchase
and gain can be set down for national practice; is perhaps the
most insolently futile of all that ever beguiled men through
their vices。 So far as I know; there is not in history record of
anything so disgraceful to the human intellect as the modern idea
that the commercial text; 〃Buy in the cheapest market and sell in
the dearest;〃 represents; or under any circumstances could
represent; an available principle of national economy。 Buy in the
cheapest market? yes; but what made your market cheap? Charcoal
may be cheap among your roof timbers after a fire; and bricks may
be cheap in your streets after an earthquake; but fire and
earthquake may not therefore he national benefits。 Sell in the
dearest? Yes; truly; but what made your market dear? You sold
your bread well to…day: was it to a dying man who gave his last
coin for it; and will never need bread more; or to a rich man who
to…morrow will buy your farm over your head; or to a soldier on
his way to pillage the bank in which you have put your fortune?
None of these things you can know。 One thing only you can
know: namely; whether this dealing of yours is a just and
faithful one; which is all you need concern yourself about
respecting it; sure thus to have done your own part in bringing
about ultimately in the world a state of things which will not
issue in pillage or in death。 And thus every question concerning
these things merges itself ultimately in the great question of
justice; which; the ground being thus far cleared for it。 I will
enter upon the next paper; leaving only; in this; three final
points for the reader's consideration。
It has been shown that the chief value and virtue of money
consists in its having power over human beings; that; without
this power; large material possessions are useless; and to any
person possessing such power; comparatively unnecessary。 But
power over human beings is attainable by other means than by
money。 As I said a few pages back; the money power is always
imperfect and doubtful; there are many things which cannot be
reached with it; others which cannot be retained by it。 Many joys
may be given to men which cannot be bought for gold; and many
fidelities found in them which cannot be rewarded with it。
Trite enough; the reader thinks。 Yes: but it is not so
trite; I wish it were; that in this moral power; quite
inscrutable and immeasurable though it be; there is a monetary
value just as real as that represented by more ponderous
currencies。 A man's hand may be full of invisible gold; and the
wave of it; or the grasp; shall do more than another's with a
shower of bullion。 This invisible gold; also; does not
necessarily diminish in spending。 Political economists will do
well some day to take heed of it; though they cannot take
measure。
But farther。 Since the essence of wealth consists in its
authority over men; if the apparent or nominal wealth fail in
this power; it fails in essence; in fact; ceases to be wealth at
all。 It does not appear lately in England; that our authority
over men is absolute。 The servants show some disposition to rush
riotously upstairs; under an impression that their wages are not
regularly paid。 We should augur ill of any gentleman's property
to whom this happened every other day in his drawing…room。
So; also; the power of our wealth seems limited as respects
the comfort of the servants; no less than their quietude。 The
persons in the kitchen appear to be ill…dressed; squalid;
half…starved。 One cannot help imagining that the riches of the
establishment must be of a very theoretical and documentary
character。
Finally。 Since the essence of wealth consists in power over
men; will it not follow that the nobler and the more in number
the persons are over whom it has power; the greater the wealth?
Perhaps it may even appear; after some consideration; that the
persons themselves are the wealth that these pieces of gold with
which we are in the habit of guiding them; are; in fact; nothing
more than a kind of Byzantine harness or trappings; very
glittering and beautiful in barbaric sight; wherewith we bridle
the creatures; but that if these same living creatures could be
guided without the fretting and jingling of the Byzants in their
mouths and ears; they might themselves be more valuable than
their bridles。 In fact; it may be discovered that the true veins
of wealth are purple and not in Rock; but in Flesh perhaps
even that the final outcome and consummation of all wealth is in
the producing as many as possible full…breathed; bright…eyed; and
happy…hearted human creatures。 Our modern wealth; I think; has
rather a tendency the other way; most politica