TheWorksandLifeofWalterBagehot 10125849
TheWorksandLifeofWalterBagehot 10125849
TheWorksandLifeofWalterBagehot 10125849
WA LT E R B A G E HO T
VOL . VI I I .
T HE W O RK S A N D L I FE
WA LT ER B A G E HO T
EDITED BY
MRS . R U S S E LL B A R R I N G T O N
T HE WO R K S I N N I N E VOL U M ES
T HE L I FE I N O N E V O L U M E
VO L V I I I O F T HE WO R K S
. .
LO N G M A N S , G R E E N ,
A N D CO .
39 P A T E R N OST E R R O W, LON D ON
FO U R T H A V E N U E SOT H S T R E E T , N E W YO R K
B O M B AY, C A LC UTTA ,
AN D S
M AD R A
C O N T E N T S O F VO LU M E V I I I .
P AG E
P HY SICS AN D P OL I T ICS— no d a te g iv e n
I . Th e Pre l i m i na ry A g e
II . Th e Us e O f Co n fli c t
I II . N at i o n - m a i n k g
IV . N at i o n- m a ki g
n
V . T h e Ag e o f D i scu s s io n
VI . Ve r ifi ab l e P r o gr e ss P o l i t i c al l y Co n s i d e r e d
AR T IC LE I —T H . E U
C RR E N CY M O N O P OL Y (fr o m The P r osp ecti ve R evi e w ,
1 848 . p ub l i sh ed by Wa l t e r B ag e ho t)
F i rs t e s s ay
AR T IC LE I I —P R I N CI P LE S O F P OL I T IC A L E C O N O M Y (fr o m T he P r osp ec t i ve
.
R e vi e w 1 8 4 8, T h e se c o n d ar ti cl e p u b l i s h e d by Wa l te r B a g e h o t )
.
E SS AY O N T H E C O M P A R A T I V E A D V A N TAG E S O F T H E S T UDY OF AN CI E N T
A N D M O D E R N LAN G U A G E S
T H O U G H T S ON D E M O C R A C Y
O N T H E C H AR A C T E R O F M I R AB E A U A N D H I S I N F L U E N C E O N H I S AG E
E R R A TA .
191 , 37 13 , a pp x
ro i m at i n g e q u a l r ea d a ppro xi m ate l y e q u a l
19 2 , 9, n or n o r r ea d o r or
I 94 , 3 ) 6, t h e m w e m e a n n o t r ea d t h e m , w e m e a n , n o t
1 95 , 1 0, o n e w e th i n k
i s r ea d o n e , w e t h i n , i s k
196 , 71 23 , w a s r e a d w ere
1 98 , p g ph
a ra r a f
2 , l i n e 1 1 , for u s e d , o t e n r e a d u s e d o t e n , f
2 1 4 , l i n e 1 3 , or e ac h
f a r e r ea d e a c h
. is
2 18, 13 , caus e o f r e a d c a u s e s
227, H 18, e n co u n t e r r ea d co u n t e r
2 29 , 9) 4, a ffe ct r ea d a fle c t s
’
23 3 , 8, S t u d y , r e a d S t u dy
23 5 , f
7 , d e l e t e c om m a a t e r u n h a r m o n i o u s
23 6 , f
7 r om e n d , for n e e d r ea d n e e ds
P H Y S I C S A N D P O L I T I CS .
T H E PR E LI M I N A R Y A GE .
1 .
upon on e or two great poi nts the n ew ideas are m odi fyi ng
,
.
f
, ,
them selves But now there are other rel i cs indeed al l m atter is
.
,
VOL V I I I
. . I
PHYSI CS AN D POLI TI CS
l
sciences are to the decipherer of the presen t day what O l d l an
;
guages were to the antiqu ary of other days they con stru e for
hi m the words which he d iscovers they give a ri chness and a ,
we cou ld éu t s ee it .
@
, ,
“
E ven whi le the cerebra l hemispheres are enti re and i n ,
which are as com pletely reflex a s those of the spi nal cord .
“
When the eyel ids wink at a flash o f light or a threatened ,
are the optic the efferent the facial When a bad smel l cau ses a
, ,
.
gri m ace there i s a reflex action throu gh the sam e m otor ner ve)
,
book ;whi l e a mu l titude of most delicate muscu lar acti ons are g o
i ng on o f which the reader i s not i n the slightest degree aware
, .
Thus the book i s held i n the hand at the right distance from ,
x
the eye s ; t h e e y e s are moved from side to side over the l i nes , , ,
sa
y an action may requ ire all our attention and al l ou r voliti on
,
4 PHYSI CS AN D POL I TI CS
to lear n his drill — to put hi msel f for instance i nto the attitude , ,
‘ ’
of attention at the i nstant the word of c om man d is heard .
‘
h i s dinner suddenly call ed out A ttention " whereu pon the
’
,
stru ctu re .
“
Th e possibi l ity of a l l ed ucation (of which m i l i ta ry d ri l l i s
only one particu lar form ) i s based u pon the existence of thi s
power which the n ervou s system p o s s e s s e s @f organising con
scious actions into m ore or less u nconsciou s o r reflex opera , ,
tio n§> I t may be laid down as a rul e that i f any two menta l ,
”
or not 1 .
, ,
and we may rest assu red of this that co o rd i nate activity a lways ,
-
“
Th e way i n which an a c quired fa c ulty of the parent
1
Hu x l e y ’
s E l e m en ta ry P hy s i ol ogy , pp . 2 8 4 - 28 6.
P H YSI CS A N D POLI TI CS 5
nerve force sim pler and m ore genera l forces are gathered up
,
the m ore necessary with the lo wer ani mal s where s o m uch i s ,
” 1
i nnate .
C
w m by born nervou s o rgan i sation a ,
and age after age m aki ng nicer m usi c from fi ner chords you
, , ,
m atter ; o r u pon the yet subtler theory now often held — that
both m ind and matter are d ifferent m odifi cations o f som e one
A ll these theories
’
’
that the specia l force of free vo l ition is appl ied to the pre exist -
PHYSI CS AN D POLI TI C S
’
ever expects a s m u ch from St G i l e s s as he ex pects from
.
”
i ncom i ng so mething N o doubt the m odern doctri ne o f t he
“
C o n se rvation of F orce if a pplied to dec ision i s i nconsi sten t
, ,
”
with the u niversal C onservation o f F orce
“
Th e conception
of the nervo u s organs as stores of wi l l m ade power does n ot -
’
B uck le s idea that m ateria l forces have been the m ain springs -
not to be thought o f .
@
n the c ontrary m o ral cau ses are the
created by the mind and trans m itted by the body —which act
,
P olitical economy i s the most system ati sed and m ost accurate
pa rt o f pol itical philosophy ; an d yet by the hel p o f what ha s
,
w hich the traces an d con sequ ences abou nd in the oldest law .
”
“
Th e effect says S i r H en ry Maine the greatest of ou r livi ng
, ,
that the l egal testim ony com es nearly excl u sively from the
PHYSI C S AN D POL I TI CS 9
the Chi ldren are the flock s and h erds of the fa t h ef b a n d the
separate and form two nations ; but the fam ilies of Jacob s ’
“
I f I were attem pti ng for the more special pu rposes o f the
j u ri st to express compendiously the Characteristics of the situ a
tio n in which m anki nd di scl ose them selves at the dawn o f thei r
0 P HYSI CS A N D POLI TI CS
O dyssey of H om er
‘ ” "
mv O dyop a i B ovl n dp o c 0171 s dép w r e c
'
r oi 71
01
'
.
dep t a r efre t Be gr a d -
’
r oe
ilt d x
'
8a w 9 0“;v
’
1r a t c w v, 1 dk éy ov o t v .
T hey
’
the m ost su re result of that science that it has d ispel led the ,
pri m itive civi li sation these thin gs m us t have been forgotten for ,
m ore these savages have not fai led from stu pidity ; they are
, ,
l ittle the same thing hal f done i n vari ous hal f ways a n d s o as
,
- -
,
i dea u sed to prevai l that bows and arrows were the pri m i tive
weapons —the weapon s of universal savages ; but m odern
”
PH YSI CS AN D POL I TI CS 11
1
science has m ade a tab l e an d som e savages have them and ,
som e have not and some have su bsti tu tes of one so rt and som e
,
-V
particulars but the mom ent they see the real thing they know
,
rats and horses o f the pri m itive civi lisation)> N ot only can
we not fi nd them but zoological science tel l s us that t hey never
,
”
existed for the feebly pronou nced the i neffectual m arsu pial s
, , ,
1
Se e th e ve ry ca e u r f l ta ble an d ad m ira b l e d i s cu s s i on in Sir John
Lu bb ock s ’
P r e H z r tor z c Tz m es
-
' ' '
.
12 P H YSI CS A N D POLI TI CS
any i ndu s trial rel ics of a p ri m itive Civi li sation but with som e ,
yond the tim e at which any s uch descri pti on i s com pl ete M an .
,
“
sp lendi d savage there i s i n A chi ll es and how m uch O f th e ,
”
spoi led chi ld su lk ing i n hi s tent I m pressi bi l ity and ex .
every m om ent .
”
d ril l s c i ence says m ak es m od ern nations what they are ;
, ,
“
”
the i m agi nation to real ise a period when i t w a s a seriou s d i ffi
cu lty to k now the hou r of day A n d m uch more i s i t di ffi cu l t .
civi l isation .
the whole ha ’
hich m akes
our m i n d s w h at they are m u st have been whol ly foreign t o
,
thei rs .
i n form s o i ndisti nct that when you l ooked for i t i t was gone ,
was when once the dem onstration had flashed upo n him ever ,
the m ental con fusion that adm i tted them S O i n these days .
,
4 PHYSI CS AN D POLI TI CS
ce i v e d i t .
”
you do not ask u s bu t we c annot very qu ickly ex plai n o r de
,
p , ,
fi rst requ is ite ; the thi ng m ost out of thei r reach as wel l as ,
tion was at a steep gradi ent though when now we l ook down ,
III .
D
o f li fe antecedent to ou r present p o l i t ii s a nd the conclusion I
‘
struck wi th
t i s m : fresh from the l iberal doctrines o f the present age he ,
”
T ori es o f spe c u lation have com m only been pro ne to conserv a
,
a s a gn a wi tn rn .
the same thi ngs tel l i ng them what to expect of each other
,
iden tity was the great cu re for the m isgui ded modern world .
VO L V I I I
. . 2
PHYSI CS AN D POL I TI CS
prohibitio n and the social cen su re but they were al l one the n
, ,
.
it down .
_ _
good ;Lt is II g c2 531Ly for mak ing the m ou ld O f c ivi li sation and
_ _ _ ,
_ e
_r quired the
,
k i ng i n much prom i n ence an d with much power .
side extra political army which m ai ntains them could not exi st
-
when the tribe was the nation a nd when a l l the men i n the ,
times of Rom e i n the fi rst tim es of ancient Germ any the king
, ,
i s the m ost visible part of the pol ity because for m om entary ,
ate which a lon e cou l d know the fixed law al o ne cou l d apply
, ,
the fixed law which was recogni sed as the authorised custo
,
dian of th e fix ed law had then sol e comm and over the pri m ary
,
scribed the ri se o f the pri m itive oligarchies u pon the face of the
fi rst m onarchy bu t perhaps because he so m uch loves historic
,
)
PHYSI CS AN D POL I TI CS 19
world embody these concl usi ons é om e and S parta were dri ll
, .
stru cted mode m s who k now her a n d have been ta u ght by her .
‘
But to t he P hi li stines of those days A thens was o f a lower
Sh e was beaten s h e l ost the great visible gam e
”
e great “
free fai lure of the ancient worl d She .
”
boam has been call ed the first Liberal “
a nd rel igi o n apart , ,
’
I n modern days i n civilised days m en s Choice determi nes
, ,
"
i ll
2
2o PHYSI CS AN D POLI TI CS
/ What are cal led in E u ropean pol itic s the princi ples O f I 7 8 9 ,
not a good G overnm ent seek ing the h appi ness of i ts subj ects ,
the ages i e r sd t ud e
s I n 17 8 9 when the great men o f the
,
IV .
But even yet we have not reali sed the ful l ben efit of those
early polities and those early laws T hey no t o nly bound .
“
”
u p men i n gro ups not on ly im pressed on m en a certain s e t of
,
pecu li arity of each began and al s o exactly when and how that ,
’
A nne s time for example o r of Q u een E li z abeth s time o r
’
, , ,
’
George I I s ti m e ; or again o f the age of Loui s X I V or Lou is
. .
,
’
i n many great respects i n Chaucer s time as i t was in E li z a ,
, .
were added to thi s com mon ele ment i n one era and som e i n
another ; som e qu alities seemed to overshadow an d ecl ipse i t
i n one era and o thers I n another fi fe overlook and hal f for
,
.
get the c o nstant whi l e we see and watch the vari able) But
for that i s the present poi nt —w thi s variab l e ?
E very one m ust I think have been pu z z led abou t it
, S uddenly
, .
,
what i s then wri tten and pecu lia r to i t surely this i s si ngular .
Thi s wri ter i s very often not the one whom posteri ty remembers
—not the one who carri es the s tyle of the age farthest towards its
ideal type and gives i t i ts charm and i ts perfecti on I t was not
,
.
assim ilation i s effe c ted by a process m os t i ntel ligi ble and not ,
22 PHYSI CS AN D P OL I TI CS
, .
catch the words that a re i n the air and the rhythm whi ch comes ,
with out a di sti nctly framed purpo se gives the readers o f the
j ou rnal the so rt o f w o rds and the so rt o f thoughts they are
u sed to —s o o n a larger scale the writers o f an age withou t
, , ,
wi thout think ing choo se the sort o f styl e and m eaning which
,
and Beau m ont and F letcher and that o f D o nne and Cowley , ,
”
o r P ope. A n d then i n a k i nd of vex ed way Wo rdsworth
, ,
’ ’
goes on to explain that he hi msel f can t and wo n t d o what i s
expected fro m him bu t that he wi ll write his ow n wo rds and
, ,
and versatile and fal l i nto the style of thei r age O n e very
,
.
unapt at the assi m ilati ng process but o n that acco u nt the m ore ,
cu ri ou s about it says ,
Ho w we
T rack a l i e l on g d ay gr at h e a e n and w atch o u r s h a d ow
v ,
e v ,
s I
What o u r h do w e e m fo rsoo th w e w i ll o rs e l e s b e
s a s s , ,
u v .
D o I l o o k l i k e t h a t ? Y o u t h i n k m e th a t th e n I m th a t a .
received opi nion says they o ught to l i k e>o r i f their m inds are
too marked and o ddly m ade to get i nto the mou ld they give ,
” ”
i m i na t i o n th e u s e an d disu se of ,
“
”
m ore i s given settl es u pon an age, a nd
’
i m pri nti ng i t s e else i n m en s m em ories
becom es al l that i s thought of abou t it .
which new national characters are being m ade i n our own tim e .
organ isati on are usefu l i n contin ual struggle and al so are pro ,
too and wherever else the E ngl ish race i s placed i n l ike ci rcu m
,
i ties whi c h arose n o doubt from some old accident and have
, , ,
t hat i
,
s O f the district w h
hic ca m t
e o be more — i n many cases
PHYSI CS AN D POLI TI CS 2 5
but a l ittl e m ore— i nflue nt i a l than other di stricts and so set its ,
Q
early poli ty (s o to speak ) and the st rict early l aw on the
creation of corporate Characters T hese settled the p r e d o m i .
”
feelings bu t m ost o f al l because i t w a s the thing to d o the
,
“
,
Lycu rgus was litera lly u ntrue but its spi ri t w as qu i te true , In .
the origin o f states strong and eager ind ividual s got hol d O f
sm al l knots o f men and made fo r them a fashi on which they
,
.
, ,
a m odern M
_
the old Governments acted in this respect u pon the phi loso phers ’
”
maxi ms .Wel l sai d D r A rno ld s peaking iro nical ly a nd i n
“
, .
,
”
instrument i n th e civi li satio n o f mank ind B ut the o ld .
”
rascal says the sayi ng and i t rightly represents the feel ing
, ,
to to uch i t .
that the prevai l ing i nstitu tions of th e two were I onian for ,
’
one race had a com pl ete ascenda ncy tended to confu se al l the ,
’
relati ons o f hu man l ife a nd a l l m en s notions of right and
\
,
”
i t does so the change i s what we cal l enl argement of m i nd .
NO . II .
T H E U SE O F CO N FL I C T .
I .
”
great secrets which sci ence h as yet to penetrate I a m su re .
rgsg ; they d id n ot fi d
w f
ipd —
fi u
'
m e p ti o n O c h as rej ect
' f
u
n g
T
and yet these think — seem i rresi sti bly com pel led to thi nk
such advance to be i nevi table natu ral and eternal Wh y , ,
.
have m ade thei r l ittle pro gress i n a hun dred different ways ;
they have fram ed with i nfinite assiduity a hu ndred cu ri ous
habits ; they have s o to s ay s cr e w ed them selves i nto the
, ,
else we m ay be sure our prin ciples are u tterly i ncom plete and ,
o r what are the pri nciples which tend towards i t ? T hre e l aws ,
A t first som e obj ection was rai sed to the pri nciple of
F
’
‘
n atu ral selection i n phys ical science upon religiou s grou nds
i t was to be expected that s o active an idea and s o large a
shi fti ng o f thought wou ld seem to im p eri l m uch which m en
'
passing away ; the new pri nci pl e i s m ore and m ore seen to be
fatal to m ere outwork s of rel igion not to religion itsel f A t
,
.
?
.
g rown . I t i s true that the ancient civi lisati on l ong resi sted the
”
ar arians and was then destroyed by the barbarians B u t
, .
l
co m pl ished writer barbaria n m ercenaries cam e to form the
,
“
”
m ost o f them Germ ans T hus . he co ntinues
“
i n many , ,
“
ways was the o ld antagonism bro ken down Ro mans adm i tti ng ,
when the final m ovem ent cam e the T e uto nic tri bes sl owly ,
establi shed themselves thro ugh the provi nces knowi ng som e ,
si ngle host or the fewer ho sts o f previ o u s centu ries which w ere
, ,
anything abou t i t .
”
o re i n certain grou ps which we call civi lised nati o ns Th e .
1
Mr . B ryce .
P H YS JCS A N D POL I TI C S I
’
—
P ru ssia ; and i t wou ld be so i n E ng l and t oo T h e breed o f .
N ew Z ealanders say that the land wi l l depart from th eir chi ldren ;
the A ustralia n s are vani shing ; the Tasma n ians have vanished .
moral i sts wou ld have been sure to m use over it ; for it i s j ust
the l arge solemn k ind of fac t that su ited them O n the con .
the C hri sti an era were pretty much what they were i n the
1 8 00t h ; and i f they stood the contact of ancient civilised men ,
strongest nation has al w ays b een conqu eri ng the weak er ; som e
tim es even subdu ing it bu t a l ways prevail ing over i t E very
,
.
the earl iest ti mes m ade u s e o f— was i n ves ted an d tak en out
i n war ; al l else peri shed fi ch natio n tried constantly to
.
ej l i e s
-
b el iev
fi '
an sw e r i pa l pro gress
r i fic
”
T here i s i t has been said
,
hard ly any exaggerating the
,
“
lence and so the keeper l ikes them best Captain Ga lton who
,
.
,
Th e tam est cattl e— those which sel dom ran away that k ept the ,
VOL V I I I
. .
3
34 PHYSI CS AN D POLI TI CS
1 "
day .
the m ost obed ient th e tamest tribes are at the first stage i n
, ,
L_
t h e real stru ggl e o f l i fe the strongest and the conquerors , .
”
tected parts of the world as we m ay ca l l them O rdi nary
, .
doubtless of the ante hi storic civil isations were not far off
,
-
.
1
E tl mol og z ca l S oci ety
’
’
s Tr a n s a ct i o n s , vol . ii i .
,
p . 13 7 .
PHYSI CS AN D POL I TI CS 35
rival ry— the regions where the better m an pressed u pon the
worse m an— such half made associ ation s cou l d n ot last T hey
-
.
I n that case the com m uni ty feel that thi s custom i s th e only
36 PHYSI CS AN D POLI TI CS
shelter fro m b are tyranny and the on ly secu rity fo r what they
,
they nor thei r fam i lies cou ld have the el emen ts of decent ex
i s t e n c e un less they held the lan d u pon so m e sort o f fixed
term s L and in that state o f society i s (fo r all but a petty
.
”
age when wi ld i n woods the noble savage ran ; but when
,
”
they were frightened o f the wo rld the spectacle o f nature
fi l led them wi th awe and dread T hey fanci ed there were .
”
E very reader o f the classics said D r Jo hnso n fi nds their
, . ,
“
”
wo rld which we l ook at a s s o anci ent ; an antiqu ity wh ich “
.
,
sectio nal civi lisatio n w as rare and a pervading coercive civil isa
,
and ki lled out of the whole society the pro p e ns iti es to vari a
tio n pri nci pl e of progress -
.
real ly to encou rage the pri nci ple of origi nali ty T hey wi l l ad .
fond of thei r own life too credu l ou s o f the compl eteness of thei r
,
own i d e a s C Q
t_ o angry,
at th e pain o f new thoughts to b e abl e to ,
heard and adm itted and ob eyed before i n sim pl e co mpeti tion
, , ,
very m om ent there are the m ost rigid C o m tists teaching that
we ought to b e governed by a hi erarchy— a combi nati on o f
s a wa n s orthodox i n sci ence Y e t who c a n doubt that C om te
.
fou nded o n the proletari at— who c a n doubt that if both these
clever writer s had been real F rench m en they wo u ld have been i r
as ci b l e anti B onapa rtists and have been sent to C ayenne long ere
-
,
“
organise soci ety to erect a d espot who wi l l do what they
,
, ,
PHYSI CS AN D POL I TI C S 39
verse
Je cr oyai s voir l e p re s i d e n t ’
F a i r e b ai ll e r—e n r é p o n d an t
Q u e l o n v i e n t d e p e r d r e u n g r a n d h om m e
’
Q u e m o i je l e v a u x D i e u s a i t co mm e , .
M ai s c e p re s i d e n t s an s fa co n
’
1
N e p é ro r e i ci q u e n c h a n s o n
’
Tou j ou rs tr o p t ot s a h a r an g ue e st fin i e .
N o n, n o n , cc n e s t
’
p oi n t com e a l A ca d e m i e
’ ’
Ce
’
n est p o i n t c omm e a l A ca d é m i e
’
.
Ad mi s e n fin, a u a r i je a l or s
-
,
P o u r to u t es p ri t ,
l e s p ri t
’
rp s
de co
Il re n d le b on s e n s, q u oi q u o n di s e
’
,
d i e de
S ol i a r la s o tt s e i
M ai s d a n s
,
'
v o tr e s oc i é té ,
L e s p ri t
’
de co r ps ,
c e st
’
l a g a i té .
Ce t es p ri t la r eg n e s an s tyr ann e i .
N on , n o n , ce n e s t
’
p o i n t comm e a l A ca d ém i e
’
Ce
’
n est p o i nt com e a l A ca d ém i e
’
.
1
D é s au gi e r s .
40 PHYSI CS AN D POLI TI C S
whi l e yet only to o apt to u nlearn S uch cases d o not viti ate
.
,
vari abi lity wi thou t l osi ng legal ity has a singu la r l ikelihood to
b e a prevalent n ati on )
N o nation a dm its of a n abstract definiti o n ; a l l nation s are
b ei ngs of m any qu al i ties and m any sides ; n o hi storical event
exactly i llustrates any one pri nciple every cause i s i ntertwi ned
and su rrou nd ed wi th a hu nd red others Th e best histo ry i s .
not Ro me— the prevalent nation i n the anci ent wo rld— gain
p redom i nance by the princi pl e on w h i ch I hav e d welt ?
the thick crust of her legal ity there was hidden a l ittle seed of
'
W
, ,
was the
it w a s never broken .
”
P :o f progress that i t never fa iled and , ,
rel igio n contrary to a thousand anal o gies it rem ai ned rel igiou s
, , .
?
’
enough to k i l l out al l varieties an d destroy nature s perpetua l
tendency to change ) T h e po i nt of the so l utio n i s no t the i n
v e n t i o n o f an i magi nary agency but an assign men t o f co rn
,
III .
societies i t i s the Govern m ent answeri ng the pri m ary need and ,
y m
h
‘
,
f
I t tends to k eep m en in the cu sto mary stage o f civi lisation ; ~
m en from passing into the first age of progress — the very slo w
and very gradual ly i m proving age S om e stan ding system .
T here are leaders with or wi thou t the royal title ; there are
men of noble birth whose n oble bi rth (in whatever the original
,
m atters are subm itted by the chiefs to the assem bled nati on .
took i t with them a s the E nglish tak e the com m o n law with
,
of govern m en t L .
y l e contests of the assem bly cheri shed the
M ost historic nati ons conquered pre hi storic nations and though
-
,
the breed and which are worse than both the father race and
,
-
E qual ly various l ikewise i n vari ous cases has been the fate o f
the m ixed race between the white man and the native A m erican
s ometimes i t p ro spers so m eti m e s i t fai l s A n d M Quatrefages
, . .
’
sera autrement dans les l ocalités do nt j ai parlé plu s hau t quel le ,
,
’
”
par l e m i l i eu By which I u nderstand hi m to mea n that the
.
other cases the m ixed race i s not as good then and there a s
other parent form s and then it passes away soo n and o f itsel f
,
.
o f the pol ity ; i t gives a chance for fitti ng new things which
otherwise there wou l d not be A n d early races m u st have .
to the Jewish boast that thei r race sti ll p rosp ers though it i s
“
,
certain ly no co sm opo li tan race lik e the Jews each race was a
”
sort of pari sh race narro w in thou ght a nd bou nded i n
,
(T
”
A ngl o I n dian suspic i on o r co ntem pt fo r
-
hal f castes h e
“
-
.
m ent even i n part took the m i litary line it m ight give the ,
”
and cl eave to S lavery
. says A ri stot l e exi sts by the law
, ,
“
”
them and he was speak ing not o nly o f old colonies trained
,
a sto ry often tol d of a great E ngl ish capital ist who went out
to A ustral ia with a shi pl oa d of labourers an d a carriage ; his
pl an was that the labou rers shou l d bu il d a house for him an d ,
A braham I saac and Jacob cou ld n o t have had the steady cal m
, ,
each slave can hard ly tel l how m any gangs o f them he works
, ,
the nam e revol ting to the best m i nds a n d has nearly rooted ,
the thing out o f the best o f the world T here i s no out o f— the .
-
P H YSI CS A N D P OLI TI CS 49
with creeds and institutions which were i nval uable at fi rst and ,
exam i natio n of these provi sio nal i nstituti o ns wou ld need hal f a
vol u me and wou l d be out o f place and useless here V ener
,
.
”
by phrases l ike i n fi n i t i e s and verities and a l together are ,
ful l of faults which attract the very you ng and deter al l that
, ,
V OL V I I I. .
4
5 0 PHYSI CS AN D POLI TI CS
m B
”
G
d feg armies are the best armies efo re his time
“
o g .
di d ; the sti ff seri ous character of the great preva i ling nati on
,
s t ro n e f
g f f S uch i s n o doubt one cause why Mon otheism tends
fl
'
,
di scipl ine and o f these the Jews had not the least
,
Th e .
weighed .
look degraded .
B ut how far are the strongest natio ns real ly the best n ati ons
how far i s excel lence i n war a cri terion of o ther excel lence ?
I ca nn o t a ns w er thi s now fu l ly bu t three o r fou r considera ,
”
be cal led grace as well a s virtue i t does not nou ri sh
“
m ade .
No . III .
N ATI ON - M A K ING .
m ost cases al l thro ugh the earl iest tim es m artial m eri t i s a
, ,
infer merit from conqu est and that progress i s prom oted by
,
necessi ty
54 PHYSI CS AN D POL I TI CS
[
why Western E urope was ear l y i n advance of other cou ntries ,
U nlik e most regions i t was a tem pti ng part of the world and
, ,
yet not a corru pting part ; those who d id not possess i t wanted
it and those who had i t not being enervated c oul d strugg l e
, , ,
P erh aps these sam e consi derati ons th row som e light too o n , ,
the fu rther and sti ll m ore i nteresting qu esti on why som e few
nation s progress and why the greater pa rt do not
,
.
sim i lar i t was said b e c ause they were created dissi m ilar B u t
, ,
.
and A thens ; and yet S partans A theni ans and Rom ans , ,
n atu ral idea) that the direct effect of cl imate or rather of land , ,
those races nor wil l a thou sand years in m ost respects mak e , ,
”
di rect e ffi cacy of physical conditi ons i s overrated B orneo .
,
he says ,
cl osely resembles N ew Gu inea not only i n its vast
“
,
and their fre q uent earthquak es ; and Bal i with the east end ,
and bathed by the sam e oceans there exi sts the greatest ,
si m i l ari ties i n the cou ntries them selves — m eet with so di rect
and pa l pable a c ontradiction B orneo and N ew Guinea .
,
d ry wi nds its O pen pl ains its stony deserts and i ts tem per
, ,
ate cli mate yet produces bird s and quadrup eds which are
,
d issimi lar situations and unl ike l ivi ng things i n the m ost
,
sim ilar o nes A n d though som e of M r Wall ace s specu lati ons
. .
’
T h e stro ngest light o n the great cau ses wh ich have fo rmed
and are fo rm ing nati o ns i s thrown by the sm al ler causes which
a re alteri ng nati o ns T h e way i n which nati o ns change gen
.
,
”
party tried to m ak e po l itical ca pi tal out o f the di ssi patio n o f
“
co nditi o n how few (if any ) the sci entific i nventio ns affecting
,
hu m an l ife which the later period po ssessed but the earlier did ,
n o t " H ow hard i t i s to say what has cau sed the change i n the
peopl e " A n d yet how total i s the contrast at l east at first sight ,
they so accu stom ed thei r readers to that styl e that they wou ld
bear nothing else T ho se readers who did n o t l ik e i t were
.
o f a peri o di cal want to read what they have been u sed to read
— the same so rt of thought th e same so rt o f wo rd s Th e , .
editor sees that they get that so rt H e selects the sui table the .
,
the editor does i n the case o f a peri odical the readers do in the ,
J a m far fro m saying with equal pri m itive u nreaso nabl enes s
a l iterary taste a l ways begin s o n som e decent reaso n b ut on ce ,
speak ing the special wo rds and acting the l ittle gestures o f each
fa m i ly who m they m ay have been vi siting n ot k n o w i f .
, ,
‘
ber think ing H ow o dd it i s that this hal f shou ld be so
,
“ ’
‘ ’
u n like last hal f : n o w we never go out o f bounds l ast hal f ,
” ’
s base and so through al l the easy l i fe of that tim e
) .
his characteri sti c and perhaps refi ned poi nts bo th apprehended
, ,
”
an d applauded But then as he na rrated
.
“
up rose a, ,
“
blatant Radical wh o said the very opposite thi ngs and the ,
ti o n .
”
i s so mething i n it H e has n ever seen anything convi nci ng
.
PHYSI CS AN D POLI TI CS 61
hi msel f but he has seen those wh o have seen those who have
,
opi n ion u nbel ief far o ftener needs a reason and requ ires an
,
”
clear ideas are true w a s fo r ages a phi l osophical maxim and
, ,
reso l utely accepts every idea which passes thro ugh i ts brai n a s
true it has n o distinct co nceptio n of a n idea which i s strong ,
'
p ri s m g ,
enthusiasti c vigoro us eager to b uy an d eager to o rder
, , ,
reasons for the activity or for the i nactivity o r for the change , , ,
ca n trace them they are of l ittle force I n fact these opin ions
, .
,
whi l e afterwards and when peop l e were tired o f tal k ing this
, ,
” ”
as
“
crotchety I f yo u want said S wift “
to gain the , ,
“
”
the person with who m fo r the time bei ng yo u are co nversing .
”
abl e men ; a ca uti o us pers o n hesitates before he te l l s them
anything n ew fo r i f he gets a name fo r such things he wi l l be
,
”
cal led fli g h ty and i n times o f decisio n he wi l l n ot be
,
attended to .
, ,
S wi ft . Th e
eager p assion of the m eaning beats u pon the m ild
d rapery of the w ords S o you cou ld not express the plai n
.
”
th at those who take what is cal led a scientific view of
hi s tory need rate lightly th e influence of i ndivi du al character .
anyhow new i n al l its effects and al l its resu lts G reat m odels
, ,
.
try to Show that the m o re ack nowl edged cau ses su ch a s change ,
act principally through thi s cause ; that they change the obj ect
of imitati on and the obj ect of avo idance and s o work thei r ,
pape n
Th e process of natio n mak i ng i s one of which we have o b
-
OT EOx ieI n m e n t
fl g
typ e ; they s edu lously i m itated it ; and (tho ugh other cau ses
have i ntervened and disturbed it) the necessary o perati on o f
the pri nci ples o f i nheri tance h a s transm itted m any origi na l
traits stil l u naltered a nd h a s l eft a n entire N ew E ngl and char
,
”
of co hesi on i n the West a t presen t C om petent obse rvers
“
.
”
sati o n by s udden swarms o f l ike creed i s alm o st over but
“
,
a l ess visible pro cess of attracti on by si m i lar faith over sim i lar
i s stil l i n vigo u r and very l ikely to co ntin ue
,
.
people are no t to be fou nd there and these are the quiet easy , ,
i nactive ; and this accou nts for a large part thou gh not perhaps ,
’ ’
sophers of cou rse said that a m an s fathers b eli eving anythi n g
, ,
to sai l beyond sea wou ld h ave seemed to the anci ent Romans
an impossibili ty I n sti l l ruder ages the religio n o f savages i s
.
regions .
b ecause i n other respects they are m ore civi l ised T hey have .
VO L V I I I . .
5
66 PHYSI CS AN D POL I TI CS
‘
those who have least abstract min di : Th e most wo nderfu l
exam ples o f i mitatio n i n the wo rld are perhaps the im itatio n s
o f civi l ised men by savages i n the u s e o f martia l weapo n s .
can shoot as wel l a s any white man H ere the m o tive i s at its .
its pecu liar god to expose al l the tri be to penalties from heaven
, .
’
n umber I t is a l l owing on e individual fo r a m o ment s plea sure
.
,
for new views an d free from old prej udices When the street
,
.
frightened and furi ous ; they tho ught that they sho u ld a ll be
’
ruined beca use some one had m utilated a god s image and s o ,
ay wi sh i f we p l ease that to
.
, ,
5
68 PHYSI C S AN D POLI TI CS
what thei r m inds are best prepared for — what i s like the old , ,
C new bu t li k e practi c e—
r
X I IM t
- -
whether they are good or whether they are bad as wo nder how ,
habits o f the last and wanting some thing aki n to such habits ,
ca u se he l ps
A nother I n early states o f civi l isatio n there
.
man ners and the ex isti ng tribal ta stes he most grati fyi ng .
chi ld wo u ld be the best l ooked after and the m ost grati fyin g ,
”
transmitted somethin g i s mo re affected by habits than i t i s
“
I deal with made Greek to differ from Greek but they did n ot ,
70 P HYSI CS A N D POLI TI CS
now Th e earl i est pai ntings o r scu l ptu res we anywhere have
.
,
a s they stand — that the N egro was m ade so and the Greek ,
‘z
b een tri ed so o ften an d h a s brok en d own so very o ften t h aff
, ,
are not b efd re u s ( Bgu t by far the m ost plau sibl e suggesti o n
.
A
is that o f Mr Wal lace that these race m arks are living record s
.
,
-
fitted t o u se its advantages shiel ded from its natu ral disea s es , .
tim e wou l d
'
w —
have a fa r g r eaferéffeEt th an i t c oul d a fte rw
n
gregariou s
tri be whose leader was i n some im itable respects adapted to
,
those bodies did not a l ready con tai n the records and the traces
of endl ess gen erations a ny n ew habi t would m o re easi ly fix ,
its mark on the heri table el ement and wou l d be transm itted ,
l arge hom ogeneou s popu lati ons some N egro some Mongolian , , ,
W W
which vary its surface and are sure to last ti l l some new force ,
i nfinitely com pou nded n o t only with those of the sam e race , ,
sluggi sh d ark i nto p ale— and eddies and w aters have tak en
w
over the new su rface another world M otl ey was the wear .
produced .
72 PHYSI CS AN D POL I TI CS
fol l ow that the e ffect of ordinary agenci es u pon that chara c ter
wil l be m ore easy to u nderstand than i t often s eem s and i s
pu t down i n book s We get a notion that a change o f govern
.
qual i ties and adverti se the effects of new hab its A change
—
, .
m a d é pr e s s m g t a an inv i gorati ng on e s o
"
( ,
then the habits creating tho se resu lts are copied far and wi d e .
general ly b e seen to ru n .
No . IV
N AT I O N - M A K IN G .
hel d to have a co
B ut then we do n ot k n ow what their com m on a ncesto r was
l ike . I f ever we are to have a d istinct co n cepti o n of hi m i t ,
now exi sts B ut scien ce has al ready don e som ethin g for u s
.
.
PHYSI CS AN D POL I TI CS 73
get the least i dea (even u pon the fu l l assu mption o f the theory
of evol uti on ) of the first m an but we ca n get a very to l erabl e
idea o f the W W i f I may so say — o f m an a s ,
col lected so m uch and expl ained so m uch that they have l eft
a fairly vivid resul t .
custom s w e m ight cal l them for very o ften they are stuck by
, ,
savages they cou ld not po stpone the present to the futu re ; that
, ,
m ost distan t parts o f the world (capable o f cou nti ng for they ,
quick ly learn to count) shou ld have lost the art of cou nti ng ,
”
A s Lo rd B acon said the mi nd o f m an m ust ,
work u po n stuff .
stu ff ”
.E ven therefore i f thei r passio ns were not abso lutely
"
, ,
, ,
even as igno rant as the A u stral ians and they wou ld have got ,
’
from T o rres to Bass s S traits n o m atter how fierce was the ,
wom en of the tri be are comm on to al l the men and them only) , ,
”
M r Gladstone s H omer in o rder to s e e with how intense an
.
’
antipathy a real ly moral age wou ld regard the gods and god
desses of H omer how inconceivab l e i t i s that a real ly m oral
76 PHYSI CS AN D POL I TI CS
except those who had i nherited them from a past age when ,
not u nd erstan d even the plai nest facts of hu man nature cou ld
ever have mai ntained i t ; i f m en differ i n anything they differ
i n the fi neness and the delicacy o f thei r m oral i ntu ition s how ,
clearly wanting i n the n icer part o f those feeli ngs which taken ,
at all the pri m ary truths of n u m ber are such There i s a felt
,
.
cond om i n i u m by them ,
.
'
i t be not p roved conc l usively has great probabi l ity and great
,
W
i s te n c e andM
i j n s t i n ct s which ai ded them I n the s truggle of ex
n gradu al ly ca m e these i nsti ncts m ay have
,
“
”
“
co unti ng boys the arithmetical p rodigies who can work by
, ,
"
make—better .
, ,
”
it is amon g the l owest savages Maternity it h as been said
.
“
, ,
“
i s a matter o f fact paterni ty i s a matter o f opin io n
,
an d this
n o t very refi ned expre ssion exactly co nveys the co n necti o n o f
—
the l ower hum an societies I n al l slave owning comm u n iti esj
.
-
sho u l d then argue the first race cann ot have had two arm s ,
beca use men have al ways been fighti ng and as two arms a re a ,
warl i ke power i s the best attai nable evidence that the prehisto ric
men did n ot possess tha t power { l ms axi om be received i t .
E
i s palpably a pplicable to the marriage b ond o f prim itive races -
.
g
”
A cohesive fami ly i s the best germ fo r a campaigning n a t i o
“
A nd r
W W
i ng a gent of such i ncomparable e ffi ci e n cy —that its c ontin u
afi
i ntell igent reason but without bl ind in stinct beats a race with
, ,
consistent .
‘
m uch roo m fo r discussion B o th M r M Cl e n n an
. .
and S i r John L ubbock are too acco m pli shed reaso ners and too
careful i nvestigato rs to wish concl u sions so co m plex and re
fined a s theirs to be accepted al l i n a mass besides that o n ,
some critical poi nts the two B u t the main issue i s not
dependent on nice a r g u m e n pon broad grounds we m ay
believe that i n prehi storic ti m es men fo ught both to gai n and
to k eep their wives ; that the strongest m an to ok the best w i n
away from the weaker m an ; and that i f the wi fe was restive
? ,
di d not l ike the change her new husband beat her ; that (a s
,
fore the most obtainable speci men of the rest) the m i nds of
prehistoric m en were not so much i m m o ral as u n m oral : they
did not Viol ate
82 PHYSI C S AN D POLI TI CS
OfS
M EI Q Q i fg m dc a l uc k S avages . bel ieve that casua l
omens are a sign o f coming events ; that some trees are l ucky ,
that so m e a nimals are l u cky that some places are l ucky that
, ,
”
“
l uck o r i l l l uck as we sho ul d say and a deity which cau ses
, ,
prehistoric man have less given a goo d reaso n — than that som e
m ineral spri ngs shou ld stop rheumatic pai n s or mi neral s p ml gs , .
i t was mere casua l l uck at fi rst that tried these spr i ngs a n d
fo u nd them a n s w e if b S omebody by accident tri ed them a n d
by that accident w a s instantly cured Th e chance which happil y
.
for this k ind o f treatment and that the i dea o f it arose out o f ,
, ,
ever after that accompan iment i f i t bri ngs evi l and to love i t ,
and long for it if it bri ngs good A l l savages are i n thi s positi on .
,
s l e e p a w h o l e n i gh t o n tw e l v e s m oo th s t on e s p a i n fu ll y co l l e c t e d b
y th e ,
ad m i e r fro m t w e l e b ook s w h i ch w a s i t a pp e a e d a
r v r , e cip o f s o e r e i gn
,
r ,
r e v
t ra d i t i o n a l p o w e r Sco tt g a e l y to l d th e p o p o s e r th a t h e h ad m i s t ak e n
. r v r
t h e ch a rm and th a t t h e s ton e s w e r e o f n o v ir t e n l e s s w ra pp e d u p i n th e
, u u
w i d o w s e e m s to h a e b e e n for th com i n g h e e s ca p e d th e r e m e d y
v , .
1K'
‘
6
84 PHYSI CS AN D POLI TI CS
Gam blers to thi s day are with respect to the chance part ,
”
u nder a b lack deuce and wi l l hal f m utter s o me not very
,
m
.
”
fai th i n a certai n p retty fish which w a s l arger and m ore
“
,
, ,
ca n now be .
l ong speech of expla n ati o n i n h i s best A rabic and cut off the ,
have it the m ul e had not got thi rty yards up the street before
,
s he pu t her foot i nto a hol e and brok e her leg ; u pon w h ich
86 PHYSI CS AN D POLI TI CS
”
believers
f / N o w the present poi nt as to these su perstitions is thei r
i nexpediency A nati on whi ch w a s m oved by these
.
m
, ,
, , ,
scarcely a rel igion anyw here i n the worl d could have com e
,
om ens .
PHYSI CS AN D POLI TI C S 87
t u r e , t hat
~
e
y wo n and pre
vai led i n every latitude and i n every zone .
ti me.
I have elabo rated the evidence for this co ncl usio n at what
may seem needl ess and tediou s l ength but I have done s o on ,
down agai n .
the preference of equ able to vi olent enj oym ent the abiding ,
i t w a s done .
as exist between the A ryan the T u rani an the negro the red
, , ,
less these gro ups were like m any ani m als gregarious u nder a , ,
can hardly
PHYSI CS AN D POLI TI C S 89
have travell ed ages (un less al l our evidence be wro ng) from the
first m en befo re there was a comprehensio n o f s uch m otives .
kn own .
very hard to have taken from them b ut whi ch they have n o real ,
bel ief that h i s own acti o n or the actio n o f any other member
o f i t— that he o r the others doing anyth ing which w a s u n l ucky
o r wo u ld bri n g a curse — m i g ht ca u se evi l n ot o n ly to him
sel f but to al l the tri be a s wel l
,
I have said s o m uch abo ut .
”
“
l uck and ab o ut i t s n atu ral ness before that I o ught to s ay ,
corpo rate l iabi lity o f these th irteen i s th e feeble relic and last
dyi ng representative of that great principle o f corporate l iabi l ity
to good and i l l fo rtu ne which h a s fi l led such an i mmense place
i n the world .
‘ ’
it m ight br i ng i l l l uck on the party or perhaps the tribe , .
which are very tro ubleso me I n the first place each tribe o r .
, ,
rather fam ily i s prohibited from eat ing cattle o f certain co lo urs
, ,
”
savages wh o co me fro m the s u n eschewing sheep spotted
,
“
i n a particu lar way which tho se who come from the rai n ,
“
”
o ne that letteth ou t water H e can n o t tel l what are the con
.
be prevented .
”
n otion o f mere l uck because there i s a distinct b
“
,
intense and vast l iabil ity on them al l the n that tribe and th at ,
with j onah .
be tru e n o dou bt
,
li t what is pecu l iar i n early soci eti es i s
.
with the idea that i f the primal u sages o f the tri be be broken ,
even a n earthly p uni shm ent s o i n ea rly ti mes peopl e bel ieved
,
”
been s o m u ch a s thought o f S o di ffi cu l t does thi s ancient race
.
who onc e went out from the parent s ociety w ent out for ever ;
they l eft no abiding reme mbranc e and they k ept no abiding
W
,
causes events and associations wou l d act on one and ano ther
, , ,
s e t on another ; SQ M M M B Q a nd ,
for speak ing purposes what phi l ol ogists cal l a di al ectical di ffer
,
m
i nterchange of thought is possible any longer
I f i t were not for thi s faci li ty o f new form ati ons one good ,
”
or bad custom woul d long si nce have corru pted the worl d ; “
but even this wou l d n ot have been enough but for those con
t i nu a l wars of which I have spoken at s uch l ength i n the essay
,
”
on Th e U se of Conflict that I n eed s ay nothi ng now T hese
“
,
.
b e i3 i and
thi s no on e wou l d obj ect to but every one wo u ld praise,
.
n gen eral too the conqu erors wou l d be better than the
, ,
u e re d
(most m erits i n early society are m ore or less
ary merits ) bu t they wou l d not be very m u ch better for
, ,
the lowest steps i n the l add er of civi lisatio n are very steep ,
J
Most m en mostly I rmt atE what they s e e and ca tch the to n e
— ,
of w
'
‘
M ”
has been at work— at the b reed o f
m an I f neither that nor consciou s s e l e ctE fi has been at work
. ,
so u ni form .
thi ngs .
i f ou r pri nci ples be tru e these are j ust the nations most l ikely
,
96 PHYSI CS AN D POLI TI CS
which protects pri ests from hom e murder wil l no t aid them i n
con flict wi th the fo reigner F e w nations mi nd k i l l i ng thei r
.
enemi es priests and m any priestly civi li sations have peri shed
’
without record before they wel l began But such a civi li sati o n .
t i tLi s a l i ke l y m a t i on t o l a s t
_ - '
A party col o ured comm un i ty o f
-
”
states of A meri ca the rea s o n i s th i s a n imposing
.
-
”
men sn ub an d so me men get sn ubbed ;a n d why s ocie ty
“
m
—
a?
‘
V OL V I I I
. .
7
98 P HYSI C S AN D POLI TI C S
M . I t i s n o t at al l M r T ro l l o pe fu l ly expla
,
ins .
,
“
rare ability which gai n s the supremacy ; very o ften the ill
treated man i s quite a s clever a s the man who i l l treats him -
.
”
some boys have domini on and make other boys slaves ,
And .
”
hi m fo r he was only a pl un dering rasca l
,
“
B u t a n impres .
them .
convi nced me of its truth F o rtu nately the E lchee had resided .
“
H e was quite aware on h i s first arrival i n P ersia o f the , ,
m aintain you r rank by taki ng the first cup of coffee you rsel f
, ,
oo PHYSI C S AN D POL I TI C S
the guest .
When a vi sitor a r rives the coffee an d pipe are cal led for to
,
, , ,
E ven som e very high races a s the F rench a nd the I rish seem
, ,
No V .
T H E A G E OF D I S C U SS I O N
I .
E ngl ish Govern m ent were real ly doing good i n the E ast but ,
givi ng the I ndians m any great benefits : you give them con
t i n u e d peace F ree T rade the right to l ive a s they li ke subj ect to
, , ,
the laws i n these poi nts and others they are fa r better o ff than
they ever were ; but sti l l they can no t m ake yo u o ut What .
different fro m what they are and what they wou l d n ot l ike to
,
the Greek republ ics were the first i n hi story i f not in ti m e and , ,
g
(g t e r the event i t is easy to see why the teaching o f hi story
i
PHYSI CS AN D POLI TI CS 10
3
M
a w then presented
,
“
u "
, ,
”
sacred fire A n ordinary m an who wished to strik e out a
.
said — This i s u su ally what ancient tim es would not let a man
“
cause the notion that the bad religion o f A can not i m pai r here or ,
”
A n d the hel p of s cience at that stage of thought i s sti l l
“
, ,
world i n its m ost i ntel lectual age S ocrates i t s m ost i ntel lect
, , ,
ual i n habi tant di scou raged the stu dy of physi cs because they e n
,
that di scu ssi o n i s a clear adm issi on that that subj ect i s
,
”
D em ocracy i t ha s been sai d i n m odern ti m es i s lik e the
, ,
“
”
i t tak es b ut i t does not give
, Th e sam e i s tru e o f .
W U hu o mm u ni ty q
they are pol itica l
questions o f high and urgent im port I f a n ati o n has i n any .
that order an d foun di ng that state ; the only su ffici ent and
effectual agent i n so doing was consecrated custom ; bu t then
that C
ress
W
and the origina i y of m an k ind I f
M
therefore a
g , “ S tayed lt .
, ,
b e g i fiT Hé i r elastic acti o n .
I
k w m T o s e t out the argum ents
requi red to determ in e po l itical actio n with such fo rce and
effect that they really shou l d determ ine it is a high and great ,
m
, ,
I
s how
f ’
106 PHYSI CS AN D POLI TI CS
hate a new idea and are dispo sed m o re or l ess to i l l treat the
,
-
discu ssion are i ntol eran t en o ugh I n E ngl and where there .
,
are periods when great id e as are i n the air and when from , ,
and the effect went far beyon d the cause I t penetrated i nto .
hither and thither where they liked a rrived at goals whi ch the ,
I n this m anner al l W
ancient and m odern times have been nearly c on nected i n time
g h t i n
ian
e n e ra l
an d sho u ld be u ndertaken
whether expedition B wi l l not an swer and sho u ld n ot be u nder ,
some cases relate to pro l ific ideas and why d id discu ssion s i n ,
”
meeting T hi s is plai nly a questi o n o f pri ncipl e and its
.
,
had very l ittle idea o f i t either except that the anal ogy o f ,
aristo cracy and the other o f the incom ing democracy j ust
, ,
W
,
‘
B C
. . one party o f the many and an other o f the fe w f Th i s M r
,
.
, ,
”
o f o rdinary men Th e liberatio n o f humanity a s Goethe
.
“
,
He .
H ero dotu s attri b utes them They are Greek speeches ful l o f .
,
reads lik e a repo rt to Parl iam ent s o hal f T hucydides reads l ike ,
A ristotle and P lato bears a mple and indel ible trace o f the age
of l ived an d tho ught cannot possibly
be d el iverance of the sp ecu lative in tel lec t from tra
d i t i o n a l and cu sto mary authori ty w a s al together c o m p le te
”
D
N o doubt th e detachm ent from prej udice and the s u b ,
great cl asses o f the people the slaves and wom en were al m ost , ,
PHYSI C S AN D POL I TI C S I l
excl uded from such q u ali tf s; even the free popu lati on dou bt
l ess contai ned a far greater propo rti on of very ign orant and
very superstiti o us perso ns than we are i n the habit o f i m agin
i ng We fix ou r attention on the best speci m ens of A thenian
.
whol ly broken and the pri m ary conditions of intel lectual pro
,
a
y be said t hat I am giving to o m uch weight to the
classical idea of hu m an devel op m ent ; that history contains the
rec o rd of an other progress a s wel l ; that i n a certain sens e
there was progress i n j u d a a as wel l as i n A thens A n d u n .
over antiqu ity al l over the E ast and over other parts o fflfi
h
'
world which g em
, ,
4 e
“ 3
_
o ’
the disti nction wel l in relation to the condit ion of Greece with
w hich history first presents u s
whenever any hitch has ari sen i n the m oral system of the
hu m an world this shoul d al so m an ifest itsel f by som e sign i n
,
112 P HYSI CS A N D POL I TI C S
not on ly support and aid but al so oppositi on and viol ent pro
,
”
tests fro m the mouths of the me n of prophecy
, .
c a n explai n — i s that the p rop eti c revel ati ons are taken as a
h ,
eli
r g — i on B ut
. the pecu liarity i s n ot to m y present purpose .
Myp o
h
w i n e y
r — I n each generatio
fl n th e ann ab e
“
bu ilt the sepu lchres and accepted the teaching of past pro
p h e ts even
,
whil e i t w as sl aying and persecu ting those who
”
b i n e d ; their m ethod as modern philosophers wou ld s ay i s
“
, ,
enem ies wil l admi t that the most m ark ed featu re of the M iddl e
A ges may ro ughly be describ ed as I have described it An d .
epoch .
Th e pri nci pal agent i n breaki ng u p the persi stent medi aeval
customs which were s o fixed that they seemed l ik ely to last
,
was the popu l ar element in the ancient pol ity which was eve ry
where di ffused i n the M iddl e A ges Th e Germani c tribes .
brought w ith them from their anci ent dwel ling place a poli ty -
and varied them as force com pel led o r circumstances requ ired
, .
complex history of the popu lar el ement i n this a ncient pol ity ,
VO L V I I I . 8 .
1 14 PHYSI CS AN D POLI TI CS
’
o f discussion S i nce L uther s tim e there has been a conviction
.
o ne another that , an d
a uthority as t h ,
over
th e best m i nds alm o st no effect .
choice of their own elements ; they are obl iged to coalesce with
”
and adopt u sefu l bands an d u sefu l men though their a n
“
,
d o minant i n it
N o doubt apparent cases of exception m ay easily be found .
which i s a pecul iar subj ect that requires a separate discu ssion ,
how l ittle was added to what the republ ic left " Th e power of
free i nterchange o f ideas being wanting the id eas them selves ,
’
every page o f the E sp r i t a es Loz s proves how m uch Montes
'
“
tempered by epigram was a governmen t which permitted
,
But though in the earli est and i n the latest tim e government
by dis cus sion h as been a principal organ for i m provi ng manki nd ,
the chances are much agai nst ig l fvi fi F Q Tn7 he beg i n n i ng the
u
'
-
ale
8
1 16 PH YSI CS AN D POL I TI CS
them sel ves Th e fi rst free states were l ittl e towns sm al ler than
.
,
, ,
m
'
anfl fi é
'
r s é fi ce r n i n
g t h e m arket town that disc u s
v '
-
,
.
, ,
dou btl ess trodden d own and d estroyed innu m erable li ttl e cities
,
wou ld never have occu rred H er citi zen s m ight have been
.
i ngeni ous and imitative and c lever ; they coul d not certai n ly
, ,
within .
i m portant free institutions and the o nly ones which h ave left
,
\
back to them and t h o s e t r u th s which at fi rst sight woul d seem
,
both the Germ ani c and the cl assical nati on s bel ong to what
ethnol ogists cal l the rac e P l au sibly i t might b e?
“
.
argued that the powe r o f form ing free states was superior i n
and peculiar to that fam ily o f m anki nd B ut u nfortu nately .
Th e eastern A ryans —those for exam ple who speak l angu ages
, ,
why M i l ton was a geniu s and why Bacon was a phi l osoph er .
”
and physical su rrou ndings in the largest sense have u n
“
, ,
n at i g u n ust p o s s e s s the
fi
“ M M Q
‘ i n som e form s o marked
m
-v
tie d i s t i n w
fi
i
sl owly for custom was i n early days the cem ent of society
, ,
i
may be explained p h i l o s o p h i ca lly f h e y do not com pl etely
so lve the questi on why som e n ations have the polity and som e
z o PHYSI CS AN D POLI TI C S
sed ages i nherit the hu man n atu re which was vi cto riou s
ous ages and that natu re i s i n m any respects not at al l
, , ,
the man who catches the m ost fi s h — even later on the m an who ,
which suc ceeds A l l the inducem ents of early soci ety tend to
.
’
that m ost o f th e evil s o f l i fe a ro se from man s “
”
to sit stil l i n a roo m a nd though I do not go
t is certai n that w e shou ld have been a far wiser
race than we a re i f we had been readi er to s i t qu iet — w e shoul d
‘
this i n the plain est way I f it had no t been for qui et peopl e
.
,
”
ou r co lon ies o u r seamen al l which makes m odern l i fe
, , ,
m ore such people i f the world had not laughed at those there
,
were i f rather i t had encou raged them there wou l d have been
,
a great accu m u latio n of proved sci ence ages b efore there was .
”
I t was the i rritabl e activi ty the wish to be doing something , ,
I f we con sider how m uch science has done and how much
i t i s doing fo r m ank ind a nd if the over activity o f men i s
,
-
peo ple that ou r over activity i s a very great evi l But this i s
-
.
when li fe was sim ple obj ects were pl ain and qu ick action
, ,
122 PHYSI CS AN D POLI TI C S
”
l angu ages who possesses more and better a ccu m ul ated i n fo r
m ati on as to the b est way o f k i ll ing people than any one who
ever l ived T his m an pl ays a restrain ed and c o n siderate
.
—
they c a n do m uch by rapid acti on that they wi l l m ost benefi t
the wor l d when they m ost rel ieve their ow n feel ings ; that as
soo n as an evil i s seen som ethi ng ought to be do n e to stay
and prevent i t O n e m ay i nc li ne to ho pe that the balance o f
.
and fail ure wanting i n m any higher pursu its the same di sposi ,
capital i s s u ffi ci
®
a n d i n which they can engage sa fely
, ,
are rui ned . If they cou ld only have s a t idle the other four
ho urs they wo uld have been rich men T h e am usements o f
,
.
mank ind at least o f the E ngl ish part of mank ind teach the
,
’
,
-
7§n d i f the old systems o f tho ught are n o t tru e a s s y s t e rfi s,
’
’
/
\
.
i s easi er .
O l d th i n gs ne e d n ot b e f
th e r e or e t u e , r
0 b ro th e r m e n, n or y e t th e n e w
Ah , sti ll awh i l e th e o l d th o u h g t re tain ,
ye t con s i d e r i t a gai n
”
An d .
B u t i t wi l l be said What ,
to
do wi th these things ? Wi l l i t prevent them or even m itigate ,
a t i o n a l pal ed
tri ed ; from philan thropi sts who want some evi l abated ; from,
revol ution ists who wan t som e old i nstitution destroyed ; from
,
it prove J h at the W
ar b a r i c M e cay i ng
fi
J
“
have persecuted a nother set for opin ions on subj ects o f which
neither we n ow perceive k new anything I t m ight b e wel l
, ,
.
the sam e but which I can o nly touch deli cately and w hi ch at
, ,
In
the con flicts of m ank i n d n u m bers have ever been a great
power Th e m ost nu merou s group h a s always had an a d v an t
.
gg e o ve r T
_ _
h e l es s nu m erous and the ,
fastest breedi ng gro u p
has a l ways tended to be the m ost numerous I n consequ ence .
,
”
with a felt want as pol iti cal econom ists woul d say altogether
, ,
”
greater than the real want “
A walk i n Lo ndon is al l which
.
how much these words mean ? H ow m any spo i led l ives how ,
sant anxiety how many tho ughtfu l imagi nation s whi ch might
,
the worl d where men woul d have been co ntented and happy
i f they had only been fewer ; how m any m o re I relands wo uld
there have been i f the i ntru sive nu mbers h a d no t been k ept
down by infanticide and vice a nd m isery ow painfu l i s the .
”
a human being They have enabl ed m ore peopl e to exi st
.
,
sion can i n any way cu re or dimi nish i t ? C ure this evi l t hat
government certainly wi l l not but tend to dimi ni sh i t— I thi nk
i t does an d m ay T o show that I am not m aki ng premi ses to
.
W ,
the phi losopher who has done m ost to i ll ustrate
T hose higher feel ings presupposed by the better sel f regu latio n -
n i s t i c to procreati
between high cerebra l devel opm ent and pro l o nged delay of
sex ual m aturity ;and i n 3 6 6 3 6 7 the evidence went to sho w , ,
PHYSI CS AN D POL I TI CS 1 29
average ,
e i ssu e o f su ch i ntel lectualised m en wi l l be l es s
numerous than those of the u n i n t e ll e ct u a fl N
'
and the best phil osophers I think bel ieve i t— its appl icatio n
, ,
‘
certai n gu a m u m of po wer i n each of our race ; i f it goes i n o ne
way it i s spent and can n ot go i n another T h e in tel lectual
, .
i ntel lectu al atmo sphere the two things which seemed s o far
,
o f hum an nature .
VO L V I I I
. .
9
130 PHYSI C S AN D POL I TI C S
a ni m a ted m od er a t i on .
yet that every li ne o f them is the pro duct of a sane and sound
writer Th e best and QL
i s S g p tt
. ’’
E of this i
H omer was perfect i n i t a s far as we can j udge
.
n C W
E ngl ish
, ,
s ense E ngl and i s a success i n the world her career has had
,
, ,
It W W M e m intell ect
for a
_ m oderateness I n mind and body 15 the
w w g u ss i oa a nd U pon the a ,
flfi
9
13 2 PHYSI CS AN D P OLI TI CS
the E ngl ish artisan though so m uch less sober less instructed
, , ,
and l ess refi ned than the a rtisans of some other countri es i s ,
yet m ore i nventive than any other arti san Th e master wil l .
get more good suggestions from him than from any other .
A gai n u pon pla u sibl e grou nds — look ing for exa m pl e to
, , ,
No . VI .
VE R I F I AB LE PR OG R E SS P O LI T I CALLY C ON S I D E R E D :
o n a subj ect both obscu re and i mpo rtant any defect i s better ,
—a me tho se
m od e" i n c h Q LM
D
re li m i n s d e cl i n e
a
‘ p afy if
d fi y cu l t
p rogre ss and what i , j
E ven in the anim al world there is no applicable rul e accepted
by physiol ogi sts which settl es what animal s are higher o r
,
”
ate a problem which I can not solve I m ust d ecli ne .
to s i t i n j udgm ent o n di spu ted poi nts of art m oral s o r rel igi o n , ,
.
lik e ;they ca n take fro m the manything they lik e and k i l l any ,
.
,
ably i n the E ngli sh vi l lage there are m ore m eans of happi ness ,
a greater accu m u lation o f the i nstru m ents of enj oym ent than ,
ca n se i t
u ’
.
w
T
b r
’
p o s ss et te
m
y
.
se
are the mselves better m a
m M r Babbage taught us years ago that one great us e o f
.
and regu late the power o f m an ; and this i n a thou sand ways
civi lised m an c an do an b e t t e r a n d m ore pre
’
and by better I here m ean better for the heal th and com fort of
hi s present body and m i@ H e ca n lay u p for ol d age which ,
.
,
t
th a
e n v i r o n m en that is of his i nternal powers and wishes to h i s
~
,
”
old pagan idea m en s sana i n corpore sano
“
A n d I think .
l ike the aged savage who i n his old age went back to h i s
,
savage tribe and said that he had tri ed civili sation for forty “
them selves shal l be abased and those who hu mble them selves ,
encounter the i ncredi bly harder addi tio nal difficu lties o f the
higher art m oral s and rel igi on
, .
to a m el iorate his cond i tion ; and these two p rinci ples oper
ati ng everywhere and al ways m ight w el l have been ex pected ,
fi ’
”
estate is w e shou l d s ay l ikely to bring i ncreased happi ness to
, , ,
society nature hel ps those who can hel p themselves and hel ps
, ,
M g r
;
as far as history describes
that condition the progressive state i s on ly a rare and an o c
ca s i o n a l exception .
made this step o f progress ; very few have been capabl e even
of the mean est s ort o f history ; and as for writing such a
history as that of T hucydides most nations cou ld as soon have
,
Why then have not the obvi ou s and natural cau ses of
, ,
tempted to propose .
i ts developm ent T hat which any one man o r any one fam ily
.
shape which cou ld be cal led man ) m ight very easily have ,
ceased to exi st T h e fi rst pri nci pl e o f the subj ect i s that man
.
”
can only mak e progress in c o operative grou ps ; I m ight
“
-
s a y tribes and nation s but I u se the less com mon word becau se
,
day go ing over a m ountai n path fol l owed by a l ong str ing o f
-
o f the peopl e i mm ediately did the sam e except one man who ,
co urse with fo reigners then broke down in states the fi xed ru les
which were fo rming the ir cha racters so a s to b e a ca u se of ,
”
we s e e the u s e of a so rt o f prelim inary age i n “
now evil s are in that age often singular benefits and great a d
,
are a m uch better basis fo r mil itary discipl ine than the i l l bou nd -
”
“
paternity i s for tribal purposes an u nrecognised idea and
, , ,
”
where on ly the phys ical fact o f maternity i s thought to be “
14 0 P H YSI CS AN D P OLI TI CS
I can n ot expa nd the subj ect but i n the same way the better
l
,
over the wo rse They hav e given what I may cal l a confi d en ce
.
of the Greek
’ I
a s o a i wos‘ ép w r o s , dp v v e o da c 7T€
p L m i r p rj s
'
”
who believed them to take the wo rld as it comes to be
“
,
their mi
éfig A nd
more directly what I may cal l he fi zd zfi z ng
'
, c.
grees to mak e men less warl ike than they wou ld otherwi se be .
”
co operative grou p
-
bound by a fixed custom and o ut of those
,
quer are better than the maj ority of those which fail and perish ,
and thus the fi rst world grew better and was i mproved .
ages were not lost to m anki nd for i t w a s then that was formed ,
the com paratively gentl e and gu i dabl e thi ng which we now cal l
fi —
fl i ndeed the greatest di ffi cu lty i s not i n preservi ng such
nd
1n w lfi f m a nne r W
fi
sion whi ch broke the bond o f ages and s e t free the origi nality
o f m ank i nd T hen and then on ly the motives which Lord
.
, ,
”
S f the term S uccess i n l ife then depends as we have seen
.
, , , ,
”
m ore than anything else on anim ated m oderation on a “
,
”
and j udgm ent invo lve what i s term ed p o i s e of m ind that i s “
ti ll the ”
W
PHYSI CS AN D POLI TI CS 14 3
r
.
civi lised existence j ust so too the manner i n which the m ore
.
not suit these pages Many of the finer intel lectua l tastes have
.
yet that i n the later era they are am ong the greatest he l ps i n d
benefits and that as soon as govern ments by di scussion have
,
as they have broken the fixed rul e o f old custom and have ,
”
even to verifiable p rogress A n d this i s the true reaso n of
“
.
"
”
”
abl e progress much el se wou l d have to be s e t out ; fo r ex
,
m isread the m atter such was often the case wit h early k now
,
”
pro gress coul d be made i t wou ld have to be settled whether ,
VO L. VII I .
A R T I CLE I .
-
T HE C U RR E N CY M O N O P O LY
by Wa l ter B ag M ot -
.
)
1 . C ap i ta l , Cu r r e n cy , a nd B a nki n
g ; ein b a g co ll e cti on of a S e ri e s of
A rti cl e s p b li sh e d i n
u t he E con om i s t i n 1 8 4 5, on t h e P ri n c i ple s
of th e B a n k C h a r te r A ct of 1 84 4, and in 1 8 4 7 , on t h e R e ce n t
M one tari al an d C o mm e rci a l C ri s i s , con c u l d i n g w i th a P l an for a
S e cu re and E co n o m i c a l C u rr e n cy .
2 . Th e P r i n cip l es a nd Pr a cti ca l Op e r a ti on f
o Sir R . Pe e l s ’
B i ll e x
d efe n d ed
g a i n s t tl t e OO
'
vl a i n ea a nd j ect i on s of Tooé e , F u l l a r ton ,
a
,
a n d Wi l s on B y R T o r re n s , F R S
. . . . .
3 . A fi i s tory of Pr i ces a n d of t b c S ta t e of tl t e Ci r cu l a t i on fr o m 1 8 3 9
to 184 7 g e n e r a l R e v i e w of tb e Cu r r en cy
i n cl u s i v e ; w i t"; a
Qu es t i on , a n d R e m a r ks on t i l e Op e r a t i on of tne A ct 7 a n d 8
Vi ct , c 3 2
. . B y Th o m a s T o o e , E s q , F R S
. k . . .
ge neration wou ld have regarded even the cha racteri stic truths
of the l a i s s ez fa i r e system as u tterly stra nge and i ncred ibl e ;
-
especial ly who have most acc u rately stud ied th e m achi nery
by which capital a nd labour are transm itted to thei r most
profitable em ployment are prone to speak contem ptuou sly o f
Govern ment i nterference as though i t were proposed that
those who were wholly ignorant o f the constructi o n of a nicely
adj usted machi ne shou ld have the d iscretionary privil ege o f
placing a clog upon its work ing T his sentime n t i s u sefu l
.
neverthel ess come into col l isio n both with the pecuniary and
with the real i nterest o f the nation ; where the sedulou s atten
tion of a Governmen t i s need ed to guard the elab orate m achi nery
of nati onal i ndustry against the di sturbing agency of i ndividual
selfi shness S uch a subj ect according to an im mense pre
.
,
during the last few years sensibly tended towards fol l owi ng
the exam pl e of several conti nental nation s and givin g to ,
Govern m ent of cou rse w ith due respect to vested i nterests the
, ,
D epartm ent there shou l d be bu l lion for al l bank notes over and
,
25 ,
18 4 7
,
w h e n a letter from L ord John Russel l and the
bodied i n a perm anent form several very abl e and i nstruct ive
arti cles fi rst publ ished i n that n ewspaper durin g l ast year
, .
words has never been able to discover any good groun d for
“
”
notes payabl e on demand H e enu merates five assumptions .
the i ssu e o f bank notes at pl easure the prices o f com mod ities ,
corrected and an undu e e fflu xor i nflux of bul lion as the case may
, ,
1
be co rrected
,
B eside this el aborate attempt a t the refutation
.
s o that the work form s altogether a very com pl ete di scu ssion
o f the cau ses which are asserted to hav e prod u ced the cri sis
o f 18 4 7 O n each of the five proposi ti ons which Mr Wi lson
. .
1 T h e s e fiv e p ti o n o u g h t t o b e o n l y f r ; b e c
as s um s ou au s e M r Wilson
.
a d m i ts t h a t i f t h e th ir d i s g r a n te d th e fo u r th fo ll o w s
, ,
. M r F u ll arton
.
last year .
i ty has never been m ore strik ingly d isplayed than i n his presen t
production H e has been thoroughly rou sed by the obj ection s
.
1
Mr . Lo y d
gre at p ract i cal e xpo n d e r o f the p ri nci p l e s o f Si R
,
th e u r .
P l h s e x pl ai n e d t h e l s s t h o t i ca l p a ts o f t h e
ee ,
a e bj e ct w i t h g re a te r
e re r su
l rne t h n C l l T o rre n
c ea ss a n d ha
o o ne d i l te d n s om p a t o f th e
s, a s a o e r s
subj t w i th
ec l q e n e ne x a m p l e d i n cu r e n cy p m p h l t nd a d mi
an e o u c u r a e s
,
a r
ab l y d p te d t the s bj e ct
a a o u .
I 52 TH E C URRE NC Y M ONOPOL Y
l a tive abi lity and execu ted with fi r s t rate practical d exteri ty
,
-
,
’
M r T ooke s book cannot b e l ooked on a s a masterpiece of
.
a lways be i ntel ligibl e to those who m eet them here for the
fi rst ti me Th e styl e is prol ix and di ffuse ; very di fferent from
.
the pri nci ples of the B i l l of 1 8 4 4 are according both to fri ends ,
“
obvious disproo fs of that theo ry which i n reali ty are per , ,
tota l u n m i t ig a ted
,
u n comp e n s a te d
,
a nd i n i t s consequ ences a
, , ,
”
l a m en ta bl e fai lure Th e greatest cause o f the diversity o f
opi nion prevail i ng o n the subj ect of cu rrency and conspi cuou s ,
overl ook the end i n a su perfl uou s anxiety abou t the means .
the state of thi ngs before the i ntrodu ction of money to expedite
the transfer of comm odities a di m inution i n the cost o f pro
,
faci lity in obtai ning the med iu m of i nterchan ge raises the price
w hen m easured i n that mediu m N or will the c ase be altered.
l
very a r b i t r a ry z the reserve o f m o ney i s an equ ivalent for a
l arger amoun t which i f there had been no bank s of deposit
,
1
Mr . W i l s on a pp e ar s to h a ve be en m i s le d b y n ot o b s e rvi n g the
d i ffe re nce b e tw e e n e s e r e s h e l d a g ai n s t ci cu l a ti on an d e s e r e s h e l d to
r v r r v
p ya b ac k d e p o s i t s w h e n c a ll e d fo r Th e fo rm e r d o n o t l e s s e n t h e a m o u n t
.
o f ci r cu l a t i o n i n t h e h a n d s o f th e p u b l i c w h i ch i s t h e e s s e n t i a l c h a ra te r
,
c
i s ti o f th e l att e r
c T o e ck on t h e fo rm e r a s cir cu l a t i o n i s r e ck o n i n g th e
. r
s a m e s u m t w i ce o e r a n d m ak e o u t t h a t t h e u s e o f a
v ,
e p r e s e n ta t i e
r v
m e d i u m i n cr e a se s p e rman e n tl y th e a m ou n t of m on e y i n u s e th rou gh o u t a
co u n t ry .
TH E C URRE NC Y M ONOPOL Y 15 7
with certai n old mercantile supersti tions cal led favou rabl e and , ,
’
theory of S i r R P eel s b il l assu mes that with the influx o f
.
red uced only a si xth and the reserve would only be one fi fth
,
-
fast flowing i nto the cou ntry but thi s adm ission obviou sly does
not affect t he p ri nci ple which w e have here adva nced I t is .
also proper to rem ark that we have been al l al ong speak ing of a
,
valu e .
3 1 7 s I O % d of h i s cu rrency .
'
.
as a simi lar assu rance from the M aster of the M int S uch a .
coiners wou ld get the ord i nary rate of profi t on the capital
employed i n thei r business B ut i f debasement were once .
be brought into the market who wou ld not have come there ,
1
What i s wanted i n money i s fisci ty o f val u e .
1 Th e p h ra s e fi xi ty o f a l u e h as b e e n o bj e cte d to b y s om e
“
v
”
o n th e gr ou n d th at w h e n th e v a l u e o f o n e th i n g a l te r s th e va l u e o f al l ,
th a n b e fo re M r Se n i or h a s p e rs pi cu ou s l y e xp re ss e d wh at a pp e ar s to u s
. .
t o b e t h e b e s t d e fi n iti on o f th e w o rd s fix e d an d s te ady i n th fo ll ow
”
e
i n g e x tra ct from th e E n cy cl op e d i M e tr ofi ol i t n a a Th e flu ct u at i on s i n
a
“
v al e t o w h i ch a c om m o d i t y i s s u bj e c t b y al te r ati on
u i n w h a t w e h a e c a ll e d
s v
t h e e x tr i n s ic c a s e s o f i t s va l u e o
u i n o th e r w o rd s b y a l t e r a ti on s i n th e
,
r, ,
e x te n s i e com b i n a ti on s o f ch an c e s
v to n e u t r a l i s e o n e an o th e r
,
Wh i le i t .
r e t a i n s th e s a m e u ti l i t y a n d i s l i m i te d i n s pp l y b y th e s am e ca u s e s
,
u a ,
o f d i ffe re nt s p e ci fi c com m o d i ti e s wi ll i n g e n e ra l co m m an d th e s am e
,
a e r a g e q u an ti t y a s b e fore o f t h e
v ge n e ral m as s o f com m o d i t ie s what
i t ga i n s o r l o s e s i n o n e d ir e ction b e i n g m a d e u p i n an o th e r I t m ay b e .
s a i d w i th o u t i m p ro p ri e t y t h e re fo re t o r e m a i n s t e a d y i n
, ,
l e B t th e va u . u
r i s e an d fa ll w h i ch a c o m m od ity e xp e ri e n ce s i n co ns e q e n ce o f a n u
a l te ra t i on i n i t s u t i l i t y o r i n th e o b s t acl e s t o i t s s u pp l y i s
,
i n fa ct e n tire l y , , ,
u n co m p e n s a t e d A co m m o d i ty t h e re fo re w h i ch i s s t i k i n g l y s u bj e c t to s u ch
. r
TH E C URRE NC Y M ONOPOL Y 16 1
i i
v ar a t o n s is p ro p e l y
r i d to b e u n s te a d y i n va l u e
sa .
”
W h e n th e n th e
i n t r i n s i c cau s e s o ft h e v a l u e o f a co mm o d i t y h a v e u nd e r g o n e n o a l te ra tio n ,
we s h a ll h e r e a ft e r s a y t h a t i ts v a l u e i s fixe d or s te ad y .
VOL V I I I
. . I I
162 TH E C URRE NC Y M ONOPOL Y
but wou l d cha nge thei r rel ations to each other very consider
ably We mu st al so b ear i n mi n d that all articles are not
.
the only manu factured article of no greater valu e than the raw
1
materi al out o f which i t i s made .
disci ple of the anti corn l aw l eague has yet advanced the pro
- -
to give reasons for bel ieving that al l the grounds for entrusting
the Govern m ent wi th a monopoly of coining money hol d with
i ncreased force for giving them a monopoly o f the issue of paper
m oney .
1
Out i i th e i n ci d e n ta l a d van tage th a t c i r cu l a ti o n i n E n g l a n d
o ft h s ar s e s
i s w o rth n ot h i n g i n F r an ce a n d b y c h a r gi n g n o th i n g fo r i t h e r e w e d o a w a y
w i th a p e r m an e n t d i fle r e n ce o f v a l u e b e tw e e n t h e v a l ue o f a s o ve re i g n
'
i n Fra n ce an d a s o v e re i gn i n E n g l a n d . I t s h o u l d b e r e m a r k e d h o w e ve r
, ,
th a t n o i n te r e s t i s p a i d b y t h e G o v e rn m e n t t o th o s e w h o h a v e d e p os i t e d
th e p r oce s s o f co i n i n g am o u n ts t o a v e ry s m a l l s e i gn o ra g e .
11
1 64 TH E C UR R E N C Y M ON OPOL Y
1
Th e case is not al tered when m edi a is written for m edi u m .
sign that wil l certainly convi nce all i nquirers and controversies,
from the fi rst though its effects i n detai l have rarely been
,
quantity o f purely m etal lic money wou l d have s u ffi ced for the
wants of the com mu nity and u sed only that am ou nt there
, ,
calcu l ating the dem and for a purely metal lic cu rrency except ,
dance T h e B ank has only to take care that they are lent on
.
su ffi c i ent security and the refl u x and the i ssue wi l l in the long
,
discredit and the best preventive against any viol ent aberra
,
refl ux that i n the ordi nary course of thi ngs any redundancy
i n the bank note i ssuer i s rendered i mpossible
-
A n d both .
”
w e alth z anyone who wants anything wants that which ,
use o f i t .
C ircu lation i s bartered for commod ities and commod ities are ,
’
i s to u s i nscrutabl e A nother of M r T ooke s d i cta i s that
. .
,
1
at an u naltered rate the sam e amount of commodities might
,
1
Th e r a te of c ircu l a ti o n at d e s e rve s p e r h ap a m ore
d i fi e r e n t ti m e s
'
,
s,
a ccu rat e t re at m e n t t h a n i t h a e ce i e d Si n ce i n t i m e s o f p e l a t i o n m n
s r v . s cu e
a e m o e e a g e r t o p r ch ase a n d m on e l te m or e ra p id l y a n d
r r u y w i l l ci
,
r cu a ,
i f a n u n d u e i s s u e of n o te s cau s e a n i n cr e a s e o f s p e c l ati o n i t a pp e a s th a t u ,
r
t h e y w i ll n o t o n l y act o n p i c b y i n cre a s i n g th e q
r e n t i ty o f m o n e y b u t ua ,
a l s o b y i n cre as i n g th e e ffi c i e n c o f w h a t w e re o i g i n al l y i n ci c l a ti o n r r u
y .
1 70 THE C URRE N C Y M ON OPOL Y
requ ire more money to cir c u late them A l l this and severa l.
,
writes
THE C URRE N C Y M ON OP OL Y 171
who as between hi msel f and the B ank of E ngl a n d set s off the '
s i d e rab l
y from the advantage of giving to the Government a
monopoly o f the issu e o f bank notes and co in thei r existence
i s a very serious s e t o ff aga inst the u ti li ty o f S i r R P eel s
-
.
’
the nex t step and deduce that they entirely destroy that
,
uti lity B ank notes are by very much the most efficacious and
.
1
number are perform ed by means of notes payable on dem and .
1 Mr . F u l l ar t on a pp e ars to t hi n k b a nk n o te s i ns i gn i fi ca nt a s ”
co m p a r e d w i th b i ll s W e a r e g l a d to b e a b l e t o o pp o s e t o h i m th e
.
a u th o ri t y o f M r j S M i ll w h o s t a te s t h a t a s b i l l s a r e m o r e p o w e r fu l fo r m s
. . .
,
o f cr e d i t t h a n b o o k cre d i t s o b a n k n o t e s ar e m o r e p o w e r fu l t h an b i ll s
,
.
T h i s s t a t e m e n t i s gi v e n i n h i s r e ce n t l y p u b l i s h e d P r i n cip l es of P o l i t i ca l
E con omy a ft e r a n e l a b o r ate e x a mi n at i o n o f t h e s u bj e ct a n d i s o f t h e
, ,
172 TH E C UR RE N C Y M ON OP OL Y
Fe w fac ts c a n show thi s m ore c l early than the fact that able
m en very fam i li ar with the cou rse o f events have been a c
customed to ignore these substitutes altogether to treat notes ,
not close them u ntil final ly pai d C o i n and no tes are capabl e
.
d isincl ined to give the i ssu e of either coin or b ank n otes (for
the argu ment tel ls it wi l l b e observed equ al ly again st both )
, ,
that metall i c m oney d oes not ci rcu l ate on the credi t of the
co i ners : the G overn ment stam p is an assertion concerning the
amoun t o f b ul l i on contai ned i n the coin and the u ser o f i t ,
M r F u ll art on o n m an y p ar ts o f th e s bj e ct W e r e g re t th at M r M i ll s
. u . .
’
paper for the most part circu lates becau s e i t i s bel ieved that
,
that bil ls o f exchange and book cred its are not currency i n the
technical sense o f the word thi s wou ld not j usti fy his i nference
,
o f Government alone .
’
I n answer to Mr T ooke and M r Wi lso n s obj ections to
. .
of som e pl au sibi l ity Both these writers adm i t that the con
.
”
vertibil ity of bank notes i nto coi n i s an essenti al condition
of their safest and m ost beneficial e m pl oyment I t i s also .
clear that the fail u re of individual i ssu ing bank ers reduces to a
nu llity the legal obl igation to give coi n i n exchange for notes .
by the present law there have been fou r fai lu res of i ssu ing
,
concerns wou ld have come i nto ex i stence and h ave gone down ,
We hope we have made good our assert ion that the argu ,
”
Trade i n B ank ing the profit derived from the substitution of
paper for gold goes to the banker and not to the communi ty
i t resembles the profit of debasem ent by i ndividu al coiners of
which we have spok en s o often : i t i s as i f on e partner w ere
to derive the whol e advantage from an economy of the paid u p -
they afford groun d for sayi ng that u nl ess serious dangers arise
out of i t s external rel ations the pri ncipl es we recommend are
,
sum abl e from the fact that the advocates o f the measu res o f
,
u pon foreign trade o f those dep rec iati ons and appreciations
of which we have been speak i ng are i nj uri ou s or beneficial : i f
they are inj uriou s they w ill be confirmatory of our case ; if
,
d i fferent place bear the stamp of its own special Governm ent .
ment stamp cou nting o f cou rse for nothing beyond i t s own
terri tories) and thi s equati on i s cal led i n m ercanti le l a n guage
,
harvest bu l lion and coin are bei ng drained out o f this cou ntry
, ,
by a n issu e of paper s imu l tan eou sly with the conti nuance o f
the drai n we provide an efficient substitute the supply wi l l seem ,
rises and fal ls of price cau sed sim ply by a contraction and
enlargement o f the c irculation d o not of them selves affect
foreign trade at all T h e depreciation of bullion provi des a
.
co nstan tly pu bl ished and i mm edi ately com m uni cated to his
,
1
B l a ke on th e E xc/z a ng e . Th e w or d Re al h as b ee n om i tt e d b e for e
E x ch a n g e as fore ig n t o ou r p re s e n t p rp o se
u .
TH E C URRE NC Y M ONOPOL Y 1
79
12
180 TH E C URRE NC Y M ONOPOL Y
fore often on the i m port o f com modi ties returning to pay for
i t : and simil ar proposi tio ns m u ta ti s m u ta n di s are true of
appreciation F oreign trade then i s barter l ike other trades
.
articl e h as attai ned an additio nal u sefu l pro perty and the ,
cau se its val ue wou l d be lim ited by the fro ntiers of the
cou ntry whi ch agreed to u se i t as cu rrency ; an d yet its
amou nt would be determinab l e j ust a s gold and s ilver now are .
Took e has offered any vali d obj ection I t i s qu ite ind i sputabl e
.
u sed by its owner s but lent to those who wi l l bid highest for
,
it -
o f course those whose trade yi elds them the greatest r e
turn wi ll bi d most for the capital which aids them i n car ryin g
it o n We are bound however to concede to Mr T ooke that
.
, ,
.
R icardo has not ex pressed with su fficient cl earn ess the pro
position that the ri sk of sudden fal l s of price is one element
i n the determination of the profit requi si te to ensure the e n
trance o n a mercanti le speculation I n the case of a deficient .
that bu l l ion l eaves the coun try before the pri ce cu rrent alone
wou l d seem to rend er i t advisable ; therefore i s i t that bu ll ion
merchants seem to trade on smal ler profits than other
mercantil e m en A s a resu l t then o f wha t has been said i t
.
, , ,
said be fore that thi s power o f i ssu ing notes i s one ex cessively
,
A further and sti l l more u rgent reason arose from the con
di tion of the B ank i ng D epartment O n the 3 o th of O ctober
.
6
7 agai nst l iab i lities amounting to and
i t was believed that at a later peri od the c oin and notes i n the
ti l l of the Bank i ng D epartment fel l short of I
S uch a state of things w as obviously a near approx im ation
to fail ure Moreover the failu re of the B ank of E ngland
.
,
pub l ic revenue and o f the banking re s erve of the sub ordi nate
bank ing establishments o f the metropol is wi elds a tremendou s ,
power the m isdi rection of which might lead not only to its
,
ask ,
Why i s the whole mechani sm of i nd ustry liabl e to be set
“
ment for a long period gave the B ank o f E ngl and al m ost a
monopoly o f B a nk i ng i n L ondon T hey gave privil eges to a .
per cent a m an with twenty ships o f equal val ue and run ning
.
, ,
equal disti nct risks c an obvio usly insure him sel f : i t i s the sam e
,
o n permanen tly right pri nci ples : the effects of past mis c o n
duct wil l wear ou t i n the course o f ti me ; bu t M r T ook e pro .
fathers .
standi ng wh ich com prehends the widest pri nci pl es and yet
d i scern s thei r tru e l i m its which i s abl e to s tand the most
,
viz. the k nowing what are its excepti o ns and what are not .
’
heard a F renchm an s j okes against the bi z a r r er i es of the E ng
l i sh con stitu ti on wi thou t bearing i n m ind that the di staste for
sweeping generali sation and the habit o f decidi ng on each
case in and for itsel f which have produced su ch a m ass o f
,
necessity for constant watch ful ness to avoid the appl ication of
a formula to cases not compreh end e d i n i t s proo f .
TH E C URRE NC Y M ONOPOL Y 18 7
P S . .
-
S i nce
thi s essay l e ft the hands o f the writer the ,
any machinery which might obvi ate for the future the
necessity o f a recou rse to the D eu s ex m a cb i n ci ”
T his i s .
”
able ex pansive clause m ight have been fram ed to save future
C hancellors o f the E xchequer from the anxiety which S i r
C harles Wood has so feelingly descri bed T hi s problem i t
.
,
p u bli s b ed by Wa l ter B ag eb ot .
)
E con omy , w i t b s om e o App l i ca t i on s to S oci a l
P r i n cip l es f P ol i t i ca l
o f t/z e i r
P b i l os op /ty . By j . S . M i ll .
the great im porta nce o f al most the whol e o f its subj ect matter -
,
’
M i ll s position a mong economi cal and so far as a few words ,
o f the subj ect not only becau se of its own i ntri nsic interest
, ,
’
but al so because i t co ntains a l arge pro porti on o f M r M i l l s .
E ngl ish E co nom ists who has ventured to mai ntai n that the
presen t division o f the i ndustri al com mu nity i n to labourers
and capi tal ists i s neither desti ned nor adapted for a l o ng co n -
very em inent in making short i ndu cti ons from ad m i tted facts ,
other hand i s the most i m portant of what may be cal led the
abstract thinkers on the phi l osophy of weal th H e sets out .
from certai n pri mitive assu m p tions and from these he proceeds
,
c i rcum stances avail against the i ntri nsi c apti tu des of a stron g
m ind that A dam S mith wou l d have l ooked on nature pri n
,
wou ld have taken that general vagu e bu t i n the mai n suffi c ient
, ,
bi n ing the abstract deduction and l ogical accu racy which are
exem plified i n Ricardo w ith that l argeness o fview and thorough
acquai ntance with d iversified m atters of fact for which the
IVe a l tb of Na ti on s i s so em i nently remarkable .
j udgments as to what was and what was not rel evant to par
, ,
for their consci ence is n ot lum i nou s enough to give them vivid
or wel l d e fi n e d convictions on the su bj ect of duty ; an d o n r e
-
Uv x
¢
'
va ZO L 7r a 2 8é9 r e [ca l yep ovr e c y a fie éb/I e vm 96 0 159
’
r r
, ,
’'
5?1 1) l s e y io i n r e 7 X é ye w
’
re 6 cz f o vr e s ,
y oi f
7 01 f
K a i 3
7 01 7 p ci ew
w ep i 3
0 9 e a Z iv i}039 mi n e i a fv,
S uch
are the leadi ng characteri stics attachi ng to the schoo l
of thinkers of whom L ocke and A ristotl e are perhaps the mo s t
,
PRI NCI PLE S OF POL I TI CA L E C ONOM Y 1
93
and Kant wh o practical ly make the consc ience the u ltim ate
,
apprehend i ndeed deny that i t was possi ble for any man to
, ,
the other hand in all the merits of the purely i ntel lectual class
,
V OL V I I I
. . 13
1 94 PR I NCI PLE S OF POLI TI CA L E C ONOM Y
bound to add that these blem i shes have rarely been presented
in a form s o littl e cal culated to offend th ose whose conception
of li fe m ay be cast i nto a som ewhat d i fferent form I t is as .
,
wil l natu ral ly subdivi de i tsel f i nto two parts : first what settl es ,
wages pai d to the hired labou rer under the present system o r
,
capi tal (or what is som etimes call ed the wages fund of a nation) -
consists of corn and clothi ng tea and sugar and other si mi lar , ,
c om m odities which the l abou rer consents for the sake o f thei r ,
rate of wages the latter k ind of capi tal is the one more certai nly
to ou r pu rpose T hese two c ommoditi es Labou r and Rem u
.
,
13
PRI N CI PL E S OF POL I TI CA L E CONOM Y
wages payi ng com mod i ties wou l d be increased and that the
-
,
from the i n crease i n the d emand for l abou r the demand for
wages paying comm od ities wou l d have been also i ncreased and
-
and thu s the labourers wou l d be ben efited though not to the
fu l l extent of the i ncreased demand fo r the arti cl e in which
they deal I n the first case which we noticed the remu neration
.
,
’
Before proceeding further we shal l quote M r M il l s o b s e r .
tion o f the l abou ring pop u lati on cou l d hard ly fai l to engender
,
“
Wages then depend u pon the dem and and supply o f
l abour or as i t i s often ex pressed on the propo rtion between
, , ,
for hire and by C api tal on ly circu lating capital and not the
, ,
i t i s usua l to overloo k the smal ler and l ess impo rtant part ,
pend u pon the rel ative amount o f capi tal and p opul ation bu t ,
be paid .
”
only capab le of being u sed once now food is the only wages
paying com modity of i m portance that i s only c apabl e of a
singl e u se ; i n every sens e in which machi nery i s capabl e o f
bei ng u sed often clothing and cottages are so too Ricardo
, .
,
’m a
sistency hold that an increase of m achinery y be inj u ri ou s
to the lower cl asses I n o ther parts of his work he ful ly ex
.
shou l d ever diminis h the rem u nerative k ind of capi tal and at ,
ca te r i s
p a r i bu s the work ing cl asses wi l l be stra itened by th e
change : thei r l abour was befo re devoted to i ncreasing the
fun d out o f which labou r wou ld be remu nerated ; after the
alterati on i t is devoted to manu facturing articl es which though ,
manual l abour i n any manu factu ring em ploym ent com mon ,
clearly lies u pon those who assert that the labouring c lasses
are not worse off generally for the change What i s u sual ly .
argu m ents which assu me that the deman d for l abou r i s not an
effective force operating on the rate o f wages B ut ou r author .
yon d the reach of those l abou rers who woul d o therwise have
con su med it .
P R I N CI P LE S OF P OLI TI CAL E C ON OM Y 20 1
was i t i s believed the first who worked out this view of the
, ,
machi nery i s detrim ental to the labou ring po pulation are first , ,
any given state of capi tal and po pu lati o n adj usts the remun era
tion of labou r ; and we have foun d that the two efficient c auses
were the supp ly and demand fo r labou r and the su pply and
demand for a particu lar speci es of capital We have now to .
the peopl e and i n agricu ltura l commu nities with the natu ra l
,
wh ich the scientific arts have recently made and the exi stence
o f such conspicuou s resu lts as rai l road s a nd steam engi nes ,
they are able read ily to m aster at any ti m e o f their l ives new
, ,
2 04 P R I N CI PLE S OF POLI TI CAL E CON OM Y
remark abl e body of testi mony to the effec t that tho ugh special ,
d ifferent with the thi rd element the i ntri nsic ferti l ity o f the
,
wil l be the fi rst taken i nto cu ltivation those who have the fi rst
,
greatest natu ral ferti l ity H ere i t might happen that the addi
.
from s im i lar c onsiderati ons that doubli ng the capi tal and
,
c ivi l isation the productive art and the general i ntel l igence
o f the cou ntry are i n constant i ncrease bu t that thi s i ncrease
,
be abl e to make over their enj oym ent to who m they please ;
by a bold ness to meet whatever risk there i s that this event
wi ll not tak e place ; and by the com parative desirablenes s o f
the station which is conferred by a c cu m u lated wealth Th e .
fou r cau ses m ust be added the rate of profit which can be de
rived from the empl oyme nt of capital I t i s evi dent that men
.
2 0 per cent . o n their capital than when they get 2 per cent
bu t the e ffici ency o f thi s cause at different times and
206 PR I NCI PLE S OF POLI TI CA L E C ONOM Y
We have now then exam ined the disposi tion to save and
the productiveness of i ndustry We have fou n d that th e .
great cau ses accel erating the growth o f capi tal are the i ncrease
o f foresight and productive power consequent on the advance
o f civi l isation : the great retarding cause i s the d i m i ni shing
proportion of return w ith which the soil o f th e earth rewards
the increasing i ndu stry o f the cultivator An d this i s al l .
1
T h i s w a s th eri g i n a l M al th u s i an d o ctri n e th ou gh i ts au th o r m u ch
o ,
m o d i fi e d i t i n th e la t e r e d i ti on s o f t h e E s s ay on P op u l a t i on R i car d o .
,
h o w e v e r w h o t h ou g h t hi m s e l f a M a l t h u s ian a s s e r ts it i n t e r m s ( Wor Rs p
, , , .
2 4 8 E d M Cu ll o ch ) an d e v e r yw h e re t a c i t l y o r av o w e d l
‘
,
.
, y r e as o n s o n th e
a s s u m p ti o n o f it .
PR I NCI PLE S OF POLI TI CA L E CONOM Y 207
tion i s nearly stati onary the m ass o f the popu lation enj oy a
,
to lo se and the d esire o f parents t hat thei r chi ldren shal l not
,
determ ined by the desi re o f not fal ling them selves and not
al lowing thei r children to fal l below the c ond i tion which they
themselves have be e n used to occu py A s a consequence of .
herea fter and at pres ent shal l only add that he wou l d very
, ,
tion Y e t the fact has been that the i ncreased comfort and
.
,
tion i ncreases very m uch more slowly than the average rate of
E u ropean nations .
conj u nctu res of events may wel l rend er fu ti l e the best adj usted
theory o f hu m an acti on O n this specia l subj ect pol i tical
.
PRI NCI PL E S OF POL I TI CA L E C ONOM Y 2 09
’
I n thi s chapter of M r M il l s book and also i n som e other
.
,
'
thi s defici ency ; but we wi l l set dow n a few bri ef sentences for
the consideration of others We do not mea n that none of
.
o f both the great schools of logic have comb ined to teach that
i n the skil fu l u se of those axi om a ta m edi a consi sts the practical
uti lity o f k nowl edge I t m ay then be perhaps said : F irst
.
,
the industrial classes increase with amount o f com fort enj oyed
,
.
V OL V I I I
. . 14
2 10 PR I NCI PL E S OF POL I TI CA L E C ONOM Y
l atter i s at the m ercy of the specu l ations of capital ists and the
vicissitu des of com merc e Wi thout k no w i ng why his trade
.
,
'
t o be
.
simi lar to that o f the peasant propri etor I f he can l eave each .
F rom this i t i s clear that i f the work ing cla sses cou l d b e
raised to a state i n which savi ng was a p relim inary to mar
r i a e there wou ld be an e fli ca c i o u s obstacl e to their reck less
g
and indefin ite i ncrease I f dependence on m ere wages cou ld
.
14
2 12 PRI NCI PLE S OF POLI TI CA L E C ONOM Y
saying that the s mal ler the i ncom e the harder i t i s to save a ny
,
give n proportio n of i t .
popular senti men t agai nst those who overstock the l abou r
mark et and that operating a s a penalty thi s feeling wi l l
, ,
who deny i t are pro fou ndly ignorant o f the tru e motives o f
human action When the teacher gets dogmatical the l earner
.
,
postpone .
’
We do not here enj oy the benefi t of M r M i l l s gu idance .
,
‘
for the co operative sort o f capi tal depends on i t s e fli ci e n cy i n
-
the demand for the l atter may be a benefi t compen sating the
labourer for the harm done i n the way which we have poi nted
out O ther adva ntages of m achinery migh t al so b e named
.
,
ou t to them .
A l though M r Mil l has not in quired i nto the cau ses which
.
determine how m uch capi tal shal l tak e the form of wages
payi ng com mod ities he has repeatedly declared h is bel ief that
,
N ature would i n that case have enacted that the rem uneration
shal l be of such and such an amount and no human legi sla ,
were rai sed 10 per cen t by law wages paying com modities
.
,
-
would rise i n price and the more opu lent consum ers would
,
m o di ti e s
. Capital which was going to be em pl oyed i n manu
fac t u r i n g steam engi nes o r pl ate or some such articl es wou l d
, ,
m anu facture which are u sed by labou rers C api tal wou ld be .
obviou s also that the labou rers wou ld gain by the fu l l amoun t
i n which the l aw raised their pecu ni ary resources ; the price
wou ld be a s before and their money wages wou l d b e greater
,
- .
affi rmed But i t seem s to u s obvi ous that capita l ists ought
.
the benefit o f the l ower orders i t wou l d sti mu l ate their increase ,
detai ls first that when the dem and for l abou r i s u naltered
, , ,
payi ng and what may be cal led i nstru m ental capital i s settled ,
as h as been seen by the demand for each sort ; the deman d for
the first varying directly as the rate of remuneration multi pl ied
by the num ber o f labou rers em ployed : the demand for the
second being determ ined by the productive power of m ach in
ery i n m i ni stering to hum an wants .
E gypt once bui lt no one cared a bou t the bui lders : and i t is
,
’
T h is i s the ground of a part of the truth i mpl ied i n Ricardo s
doctrin e that it w a s better for labou rers that ca pital should be
,
the service req uired m o re frequent repeti tion than the acts
neces sary to the production o f the com m odities When the .
capi tal i st sel l s the com modi ty as i s now most usua l i t i s not
, ,
2 18 PRI NCI PL E S OF POL I TI CA L E C ONOM Y
w il l al low what are the cau ses perm anently determin in g the
,
su pply and demand both for remu nerative capital and for
lab our O n e prob lem has been omitted v i z the cause o f
.
, .
’
We are now therefore able to go o n to discuss M r M ill s
, , .
take care that the demo c racy shall be ed ucated and com fort ,
PRI NCI PLE S OF POLI TI CA L E C ONOM Y 2 19
,
pl oyment a
-
,
obtai n possessi on of the soi l T his nomi nal rent they wil l be
.
bei ng bartered for luxu ri es and tho se who need the former are ,
abl e and ought to pay yet though the evi dence taken before
Lord D evon s C omm issio n shows that such more respectable
’
landl ords are not absolutely few it seems also certai n that ,
they form an inconsi derab le fraction of the whole rent own ing -
Th e qu esti on then ari ses how are these cotti ers to be got ,
1
and a ha l f o f waste lands i n I re land which there i s every ,
usel ess and it does seem a very obvi ous course to bring i t into
,
1
T he e x a c t n u m b e rs ar e
F i t for Pa s tu r e .
3 4 51000
T o ta l 2,
Th is is n ot the l l i
c a c u a t on of a th e o ri s t , b u t th e e st i m at e of M r Gri ffi th
.
th e l an d l -
for th e I ri s h l an d tax w h o i s n o t i n
va ue r -
, an y w ay p l e dge d t o
th e w a s te l a n d s ch e m e
-
T h e fig ur e s ar e g i v e n i n
. th e re p o rt o f Lord
D e vo n s C o mm i s s i o n
’
.
PR I NCI PLE S OF POL I TI CA L E C ONOM Y 22 1
’
c u ltivation To any such scheme as M r Mi l l s there i s
. .
,
u ntrue I t is not the smal l ness of the hol dings that i s the
.
cau se of the evi ls of I rel and ; for i n U lster where the condi ,
the tenant goes of necessi ty to the l and lord the system pro
posed as a remedy i s that i n so me cases no rent at al l should
,
P oor Law Comm i ssioners for I reland state that agri cu ltura l
“
ti on ?
I t i s sai d that capital wi ll come from E ngland to em ploy
the addi ti on al labou rers Bu t Mr Mi l l ju stly repl ies that
. .
cap ital wil l not come fro m E ngland u nti l th e soci al state of
the lower classes i s im proved and therefore i f we adopt the
,
I rel and five agricu ltu ral l abou rers to the extent of soi l which
em ploys two in Great B ri tain I t i s obviou s that i f the
.
besi des these two weighty co nsi derati ons t here i s reason to ,
and these ru les may act as a check on popu l ation over and
above the natural e ffects of peas ant proprietorshi p T hese .
grant the fal se assumption that thei r condi tion wou ld for a
b rief period be i m proved O n thi s accou nt therefore we
.
, ,
mere prej udices are conclu sions drawn from a very limited and
,
perty and that i t does more harm than good when the proper
,
greater i ndu stry and forethought which are devel oped i n the
m in ds of the peasant proprietors by the certai n hope o f enj oy
i ng the fru its of thei r own labou r .
1
(as is done i n S omerset and Wi ltshi re ) l ess food than wil l
keep men i n fu l l working condition in order that a large s u r ,
have o nly to add on this poi nt that i f the waste lan ds shou ld ,
i n g e g e an ts fi n d a m k e d d i ffe re n c e o f m s cu l r s t e n g th b e tw e e n th e
- s r ar u a r
s o u th w e s t o f E n g l n d an d th e b e tte r fe d co n ti e s o f t h e n o r t h a n d e a s t
-
a -
u
(Ov e r p op u l ti on p
-
a ,
.
VO L . VI I I .
2 26 PR I NCI PL E S OF POLI TI CA L E C ONOM Y
been tried with excel len t resu lts both i n A merica and i n
F rance and also i n thi s cou ntry for a l ong ti me past i n the
, ,
ensue that industry would be sti mu lated and the gross produce
be augmented both o f m anu facture and agricu ltu re A good .
feeling be tween l abourers and capi tali sts would al so faci litate
al l productive operations ; and on thi s account there i s every
reason to bel ieve that the adoption o f thi s plan wou ld raise to
som e extent the remuneration of labour because the fund o u t ,
state of the lower classes though i t m ight keep one which was
,
’
always good from any deterioration M r M i l l s scheme on . .
,
1
i nterest of m oney i s 2 per cent capital habi tually emi grates
.
,
1 Se e F u l l e r ton on t h e Cu r r e n cy , p . 16 1 .
15
228 PRI NCI PLE S OF POLI TI CA L E C ONOM Y
much n eeded from a pol itica l phi losopher at the present tim e .
these cases the m oney wages of l abou r must rise or the real
,
-
E ngl and has yet to be wri tten and therefore we cannot find ,
l a b o e w ages p e d i e m Th e o n l y s e o f s p e ci a l p h ra s e i s to m rk
ur r s
’
r . u a a
t h at th e l a b o re r i s con ce rn e d w i th w h at h e g e t s a s p a y fo r a gi e n e x
u e v r
ti on d i n g a g i e n ti m e i h i w a ge s and th at th e ca pi tal i s t i s co n ce rn e d
ur v ,
. e . s
w i th th e re s u l t o f th a t e x e rt i on i e t h e w o k d o n e ,
. T h e co m m o n p h ra se
. r .
s e e m s to u s to fai l s i gn a ll y i n w o rk i n g o t th i s d i s t i n c ti o n u .
230 P RI N CI PL E S OF P OLI TI CA L E C ONOM Y
, ,
abl e resul ts .
capita l which was goi ng to leave the cou ntry shal l go to that
, ,
were beings o f pure i ntel lect We d o not for a mom ent deny
.
PRI NCI PL E S OF POL I TI CAL E C ONOM Y 23 1
for intel lectual pleasures yet we al so thi nk that the pecul iar
,
that a writer on detached poi nts i n a sci ence need o nly show
h is reader where he h a s succeeded : the author of a systematic
treatise must al so show them where he has fai led Th e l atter .
manent rank am ong the great thi nkers of thei r c ou ntry and ,
that these three are A dam S m ith Ricardo and j ohn Mil l
, , .
E SS A Y ON T HE C O M PA R A T I V E A DVA N TA G E S
O F T H E ST UD Y O F A N C I E N T A N D MODE RN
LA N G U A G E S .
( Wr i tten at tb e Ag e of S ixteen .
)
T HE q u e s t io n , whether A ncient or M odern Languages are
'
T his i s pecu li arly the case a t this ti me when the recent form a
,
tion of a new U niversi ty conducted on less exclu sive pri nci ples
and a more extended plan than O x ford an d C am bri dge wil l ,
enqu ire what i n this respect was the con ditio n of the A nci ents
,
themselves and whether they had any pecul iar features which
, ,
writers i n any tongue save thei r own T his singu lar fac t .
there was a great tend ency to prefer these early and home
grown flowers to the rich exotics which the bard s o f that
,
Ho s e d i s ci t, e t h os r
a ct o s t i p ata th e a tro
Sp e cta t R om a p ot e n s , h a b e t h os n u m e r atq u e p oe tas ,
When the thick gloom whi ch had hung over the regions o f
l iterature duri ng the M idd l e A ges began to clear away the ,
o nly sources whence the requ isite light cou ld com e was the
Greek and Roman l anguages O u r anc estors studied them .
tho ugh the learned hesi tated to give up the use of L ati n and ,
T hus has arisen the difference of the prom inent featu res
which characterise the writings o f the several states of E u rope .
o f the wel l i nfo rm ed among them are A uthors and the works ,
an d mo st o f these flou ri shed two cen turies ago ; nor has the
language received any i m provem en t si nce their ti m e and the ,
h ave been bri efly m entioned are the chief l i terary languages of
,
i n deed the only su bj ects on which the strict surveil lance o fthei r
ru lers over the press al lows the national m i nd to ex ert i ts u n
shackled energies T hese last mentioned languages then are
.
to those who inten d residing in the cou ntri es where they are
spoken .
l a rg e d .
What c a n be better for thi s than the study o f
c lassi cs ; than extendi ng ou r i deas by an acqu aintance w ith
1
can compensate for the loss which they ex perienc e who are
unabl e to study the wri ters of a nti qu i ty i n thei r origi nal
languages ? T ranslat ions only shi n e with a reflected l ight
a nd i n proportion as this l ight is more or l ess bright they ,
present a more or less vivi d i m age o f the sou rce whence they
derive thei r bo rrowed splendou r and to wh ich at best they
,
al ly blended with the ori ginal root divid ed from the northern
barbarian s who overthrew the Roman emp i re Th e term s .
times .
T H O U G H T S ON D E M OC R A CY .
( Wr i t t en i n E a r ly You tb .
)
T HE R E i s l ittl e u s e i n attempti ng to deduce the su perior a d
vantages o f l i beral governmen t fro m l on g and obscure m eta
physical reasonings abou t th e s ocial con tract fram ed when ,
were not the co ntract cou ld not have been agreed to by the
,
poli tica l cri m i nal a fai r trial and an opportu nity for defence
, .
ful one that the peopl e wi l l take u p arm s to res ist the
,
take u p arms agai nst them ?whence can rel i ef com e ?where
must help h e sought ? I am aware that this i s the topic m ost
enormously i nsi sted on by the opponents of pol itical freedom
i n general ; they reason as i f al l p opular governme n t m ust
general ly be o f this n atu re but I see not why I d o not s e e
,
.
”
of i ntel l igence i s d i rected to a s ubj ect the m ore light i s
thrown on it T hose i deas which remai ned d ormant as long
.
but i ntense and excl usive devotion to that object wou ld end
i n m ak ing us al l mani acs I t i s one great advantage of free
.
A dvers ity i s so much the best and most effectu al in stru cto r ,
that even absolute monarchs when they have had opportuni ties ,
VO L V I I I. . 16
24 2 TH O UG HTS ON DE M OCRA C Y
bel ieved that these qualities are the ones of greatest uti lity i n
m anaging pub l ic bu siness Th e reservation which I m ade i n
.
”
resu lt of cal m del iberation not of hasty whi m
,
contai ns ,
are notoriou sly more l i abl e to be led away from the path of
thei r tru e i nter est bu t i f they are allowed ti me for lengthened
,
spi rit of the tim es Th e new o pinio ns which clai med to the
.
,
excl usion o f al l others the character o f phi l oso p hical had take n ,
ex erc ise A l l are entitled to receive thi s tru st who show them
.
selves worthy o f i t and those who have abu sed i t may right
,
by h i s skil l i n sel ecting those topi cs that had most influ ence on
their u nderstand ing and those modes of presenting them most
,
when in the A ssembly the m embers of the j acobi n C lub thi rty ,
”
b e pu z z led to tel l when i t arose i n thei r bosom s A t these .
”
j acobins S i lence those thi rty voi ces cried Mirabeau i n a
“
.
,
”
“
to be always em ployed i n the work of destruction and wi th ,
geniu s and the grandeu r of his plans mark him out as the only
m an who was equal to the achievement A part of hi s plan .
of the enterprise was gone— the head that had pl ann ed i t was
laid in the tom b and the so u l whose u nrival led daring alone
,
n otice i s requi red by the m ore promi nent points o f his career ,
to adopt the title o f S tates General ;si nce tha t day they have
”
done nothi ng but show them selves u nworthy of i t His .
which his rej ection of revel ation shed over the future i s ex ,
tions from the draft which N eck ar had prepared were so great
that the Minister sent i n his resignati on and absented hi msel f
from the A ssembly at the im portant m om ent when he was
m o st wanted for its defence A t the concl usion o f h i s speech
.
Genera l you who have here n either seat nor vo ice are not
, ,
T here is somethi ng very spi rited and undau nted i n this reply ,
never have been the proper moment fo r deci sion when the ,
p lan was bu t j ust lai d before them and coul d not have been ,
’
rendered u navoidable which the monarch s in terest m ost ex
,
-
have forgi ven this as exactly what they had to expect and ,
’
away ancient i nstitutions i nterwoven w ith the people s every
,
perhaps the plagu e might have been stayed but he rather chose ,
hi m who wantonly l ets l oose the al l co nsu ming fire on the con
-
which was doubtless for the m o st part the m ost influ ential
senti ment i n hi s bosom w il l n ot ex em pt hi m fro m a l arge
,
Mi rabeau is not presented m ore favou rably for his own fam e .
T h e princi pal poi nts of his su bsequ ent l i fe are the fol lowi ng
T h e add ress for the remova l of the troops whom the courtiers
had persu aded the K ing to assembl e rou nd P ari s u nder pre ,
tence of quel l ing the disorders o f the popu lace bu t the real ,
T his act was only executed once by the author ities during
the Revolu ti on and then i t com pletely quel led the distu rbance
,
occas i on was for his obedi ence to the law ex ecuted during the
reign of terror I f it had been rightly and regularly enforced
.
,
and comb i ned wi th the suppress ion of the dem ocrati c clubs ,
w o u l d n o t have been stained with cri mes and cru el ties which
‘
beau had also a schem e which though obvious wou l d have been , ,
but the eloqu ence of i ts au thor was exci ted to the utmost a nd ,
al l moderate and salu tary reform which they had been taught ,
notion that they were the righ tful sovereigns o f the earth .
l ess the popu lace of P ari s who were the pri m e ru lers of al l
,
”
thing i s a revol ution N o trai t o f F rench character i s so u n
.
’
wh ich has always been exercised in E ngland for the S tate s
interference to preven t its extravagant increase by whatever ,
and a s the higher s i tuation s were only open to the n obles the ,
250 ON TH E C HA R A C TE R OF M I RA B EA U AN D
b eau made his celeb rated ob s ervation T here are but three ,
“
pated for that of the c lergy whom there was n o dispos i tion i n ,
provi nces i ndeed thei r su fferi ngs excited more sym pathy bu t
, , ,
’
and their efforts i n thei r pastors behal f were few weak and , ,
i neffectu al .
H I S I NF L UE NCE ON H I S A GE 251
was a brief one though i t was at a time when days did the
,
and in thei r stead there was the l ax ity o f pri nci pl e and the
u ndi scipl ined desires and u nregu lated passions which were s o
i l l combi ned with the l o fty m oral sen timents of his brighter
-
had also i n common that l ove o f dra mati c e ffect the distin ,
M any of the best set speeches whi ch he read from the T rib une
were the com position o f others I n most o f h i s l iterary pro .
fo r prai se was enormou s and hi s rej ection of rel igio n had shut
,
k n own by i t s fruits .
dreams which announ ced as close at hand a new era i n pol itical
sci ence and i n the happi ness of mank ind an d h i s spirit— and
there were not a few who sympathised in h i s feel ings — brook ed
not that i l l us ions s o dazzl i ng and beau tifu l should be dispel led
by the light of the past whose more steady b ri l l iancy would
have shown the rottenness of the foundation a s well as the
grandeur o f the fabric A society w a s to arise bri ghter than
.
island and the d istant shores i n habi ted by her sons the state ,
”
ness the nation . To have breathed such aspi rati o ns w a s
worthy of M i rabeau and to hold them u p to the adm iratio n
,
and arduous trials the prolonged and sol em n reli giou s tra in ing
,
E N D O F VOL . VI I I .
AB E R D EE N : T H E U N I V E R SI T Y PR E SS
I
U N V E RS I Y
T I
O F C AL FO RN I A A T LO S A N G -
E L ES
'
I I
T H E U N V E R S TY L B R A R Y I
Th i s b ook i s D U E on t h e l as t d at e s t am p e d b e l ow
DISCHAR
JUN l 979
F 01 m L- 9
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'
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