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states¡£¡¡Now¡¡population£»¡¡capital£»¡¡technical¡¡skill¡¡and¡¡intellectual



power£»¡¡flow¡¡into¡¡them¡¡from¡¡all¡¡European¡¡countries£»¡¡now¡¡the¡¡demand



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quantity¡¡of¡¡goods¡¡previously¡¡consumed£»¡¡as¡¡also¡¡by¡¡reason¡¡of¡¡the



disproportion¡¡between¡¡supply¡¡and¡¡demand¡¡in¡¡the¡¡markets¡¡for¡¡produce



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may¡¡increase¡¡and¡¡promote¡¡such¡¡a¡¡crisis£»¡¡but¡¡they¡¡cannot¡¡create¡¡it¡£



In¡¡a¡¡future¡¡chapter¡¡we¡¡shall¡¡endeavour¡¡more¡¡closely¡¡to¡¡elucidatc



this¡¡subject¡£







NOTES£º







1¡£¡¡Statistical¡¡Table¡¡of¡¡Massachusetts¡¡for¡¡the¡¡Year¡¡ending¡¡April¡¡1£»



1837£»¡¡by¡¡J¡£¡¡P¡£¡¡Bigelow£»¡¡Secretary¡¡of¡¡the¡¡Commonwealth¡¡£¨Boston£»



1838£©¡£¡¡No¡¡American¡¡state¡¡but¡¡Massachusetts¡¡possesses¡¡similar



statistical¡¡abstracts¡£¡¡We¡¡owe¡¡those¡¡here¡¡referred¡¡to£»¡¡to¡¡Governor



Everett£»¡¡distinguished¡¡alike¡¡as¡¡a¡¡scholar£»¡¡an¡¡author£»¡¡and¡¡a



statesman¡£







2¡£¡¡The¡¡American¡¡papers¡¡of¡¡July¡¡1839¡¡report¡¡that¡¡in¡¡the



manufacturing¡¡town¡¡of¡¡Lowell¡¡alone¡¡there¡¡are¡¡over¡¡a¡¡hundred



workwomen¡¡who¡¡have¡¡each¡¡over¡¡a¡¡thousand¡¡dollars¡¡deposited¡¡to¡¡their



credit¡¡in¡¡the¡¡savings¡¡bank¡£











Chapter¡¡10







The¡¡Teachings¡¡of¡¡History







¡¡¡¡¡¡¡¡Everywhere¡¡and¡¡at¡¡all¡¡times¡¡has¡¡the¡¡well¡­being¡¡of¡¡the¡¡nation



been¡¡in¡¡equal¡¡proportion¡¡to¡¡the¡¡intelligence£»¡¡morality£»¡¡and



industry¡¡of¡¡its¡¡citizens£»¡¡according¡¡to¡¡these£»¡¡wealth¡¡has¡¡accrued¡¡or



been¡¡diminished£»¡¡but¡¡industry¡¡and¡¡thrift£»¡¡invention¡¡and¡¡enterprise£»



on¡¡the¡¡part¡¡of¡¡individuals£»¡¡have¡¡never¡¡as¡¡yet¡¡accomplished¡¡aught¡¡of



importance¡¡where¡¡they¡¡were¡¡not¡¡sustained¡¡by¡¡municipal¡¡liberty£»¡¡by



suitable¡¡public¡¡institutions¡¡and¡¡laws£»¡¡by¡¡the¡¡State¡¡administration



and¡¡foreign¡¡policy£»¡¡but¡¡above¡¡all¡¡by¡¡the¡¡unity¡¡and¡¡power£»¡¡of¡¡the



nation¡£



¡¡¡¡¡¡¡¡History¡¡everywhere¡¡shows¡¡us¡¡a¡¡powerful¡¡process¡¡of¡¡reciprocal



action¡¡between¡¡the¡¡social¡¡and¡¡the¡¡individual¡¡powers¡¡and¡¡conditions¡£



In¡¡the¡¡Italian¡¡and¡¡the¡¡Hanseatic¡¡cities£»¡¡in¡¡Holland¡¡and¡¡England£»¡¡in



France¡¡and¡¡America£»¡¡we¡¡find¡¡the¡¡powers¡¡of¡¡production£»¡¡and



consequently¡¡the¡¡wealth¡¡of¡¡individuals£»¡¡growing¡¡in¡¡proportion¡¡to



the¡¡liberties¡¡enjoyed£»¡¡to¡¡the¡¡degree¡¡of¡¡perfection¡¡of¡¡political¡¡and



social¡¡institutions£»¡¡while¡¡these£»¡¡on¡¡the¡¡other¡¡hand£»¡¡derive



material¡¡and¡¡stimulus¡¡for¡¡their¡¡further¡¡improvement¡¡from¡¡the



increase¡¡of¡¡the¡¡material¡¡wealth¡¡and¡¡of¡¡the¡¡productive¡¡power¡¡of



individuals¡£



¡¡¡¡¡¡¡¡The¡¡real¡¡rise¡¡of¡¡the¡¡industry¡¡and¡¡power¡¡of¡¡England¡¡dates¡¡only



from¡¡the¡¡days¡¡of¡¡the¡¡actual¡¡foundation¡¡of¡¡England's¡¡national



freedom£»¡¡while¡¡the¡¡industry¡¡and¡¡power¡¡of¡¡Venice£»¡¡of¡¡the¡¡Hanse



Towns£»¡¡of¡¡the¡¡Spanish¡¡and¡¡Portuguese£»¡¡decayed¡¡concurrently¡¡with



their¡¡loss¡¡of¡¡freedom¡£¡¡However¡¡industrious£»¡¡thrifty£»¡¡inventive£»¡¡and



intelligent£»¡¡individual¡¡citizens¡¡might¡¡be£»¡¡they¡¡could¡¡not¡¡make¡¡up



for¡¡the¡¡lack¡¡of¡¡free¡¡institutions¡£¡¡History¡¡also¡¡teaches¡¡that



individuals¡¡derive¡¡the¡¡greater¡¡part¡¡of¡¡their¡¡productive¡¡powers¡¡from



the¡¡social¡¡institutions¡¡and¡¡conditions¡¡under¡¡which¡¡they¡¡are¡¡placed¡£



¡¡¡¡¡¡¡¡The¡¡influence¡¡of¡¡liberty£»¡¡intelligence£»¡¡and¡¡enlightenment¡¡over



the¡¡power£»¡¡and¡¡therefore¡¡over¡¡the¡¡productive¡¡capacity¡¡and¡¡wealth¡¡of



a¡¡nation£»¡¡is¡¡exemplified¡¡in¡¡no¡¡respect¡¡so¡¡clearly¡¡as¡¡in¡¡navigation¡£



Of¡¡all¡¡industrial¡¡pursuits£»¡¡navigation¡¡most¡¡demands¡¡energy£»



personal¡¡courage£»¡¡enterprise£»¡¡and¡¡endurance£»¡¡qualifications¡¡that



can¡¡only¡¡flourish¡¡in¡¡an¡¡atmosphere¡¡of¡¡freedom¡£¡¡In¡¡no¡¡other¡¡calling



do¡¡ignorance£»¡¡superstition£»¡¡and¡¡prejudice£»¡¡indolence£»¡¡cowardice£»



effeminacy£»¡¡and¡¡weakness¡¡produce¡¡such¡¡disastrous¡¡consequences£»



nowhere¡¡else¡¡is¡¡a¡¡sense¡¡of¡¡self¡­reliance¡¡so¡¡indispensable¡£¡¡Hence



history¡¡cannot¡¡point¡¡to¡¡a¡¡single¡¡example¡¡of¡¡an¡¡enslaved¡¡people



taking¡¡a¡¡prominent¡¡part¡¡in¡¡navigation¡£¡¡The¡¡Hindoos£»¡¡the¡¡Chinese£»



and¡¡the¡¡Japanese¡¡have¡¡ever¡¡strictly¡¡confined¡¡their¡¡efforts¡¡to¡¡canal



and¡¡river¡¡navigation¡¡and¡¡the¡¡coasting¡¡trade¡£¡¡In¡¡ancient¡¡Egypt



maritime¡¡navigation¡¡was¡¡held¡¡in¡¡abhorrence£»¡¡probably¡¡because



priests¡¡and¡¡rulers¡¡dreaded¡¡lest¡¡by¡¡means¡¡of¡¡it¡¡the¡¡spirit¡¡of



freedom¡¡and¡¡independence¡¡should¡¡be¡¡encouraged¡£¡¡The¡¡freest¡¡and¡¡most



enlightened¡¡states¡¡of¡¡ancient¡¡Greece¡¡were¡¡also¡¡the¡¡most¡¡powerful¡¡at



sea£»¡¡their¡¡naval¡¡power¡¡ceased¡¡with¡¡their¡¡freedom£»¡¡and¡¡however¡¡much



history¡¡may¡¡narrate¡¡of¡¡the¡¡victories¡¡of¡¡the¡¡kings¡¡of¡¡Macedonia¡¡on



land£»¡¡she¡¡is¡¡silent¡¡as¡¡to¡¡their¡¡victories¡¡at¡¡sea¡£



¡¡¡¡¡¡¡¡When¡¡were¡¡the¡¡Romans¡¡powerful¡¡at¡¡sea£»¡¡and¡¡when¡¡is¡¡nothing¡¡more



heard¡¡of¡¡their¡¡fleets£¿¡¡When¡¡did¡¡Italy¡¡lay¡¡down¡¡the¡¡law¡¡in¡¡the



Mediterranean£»¡¡and¡¡since¡¡when¡¡has¡¡her¡¡very¡¡coasting¡¡trade¡¡fallen



into¡¡the¡¡hands¡¡of¡¡foreigners£¿¡¡Upon¡¡the¡¡Spanish¡¡navy¡¡the¡¡Inquisition



had¡¡passed¡¡sentence¡¡of¡¡death¡¡long¡¡ere¡¡the¡¡English¡¡and¡¡the¡¡Dutch



fleets¡¡had¡¡executed¡¡the¡¡decree¡£¡¡With¡¡the¡¡coming¡¡into¡¡power¡¡of¡¡the



mercantile¡¡oligarchies¡¡in¡¡the¡¡Hanse¡¡Towns£»¡¡power¡¡and¡¡the¡¡spirit¡¡of



enterprise¡¡took¡¡leave¡¡of¡¡the¡¡Hanseatic¡¡League¡£



¡¡¡¡¡¡¡¡Of¡¡the¡¡Spanish¡¡Netherlands¡¡only¡¡the¡¡maritime¡¡provinces¡¡achieved



their¡¡freedom£»¡¡whereas¡¡those¡¡held¡¡in¡¡subjection¡¡by¡¡the¡¡Inquisition



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fleet£»¡¡victorious¡¡over¡¡the¡¡Dutch¡¡in¡¡the¡¡Channel£»¡¡now¡¡took



possession¡¡of¡¡the¡¡dominion¡¡of¡¡the¡¡seas£»¡¡which¡¡the¡¡spirit¡¡of¡¡freedom



had¡¡assigned¡¡to¡¡England¡¡long¡¡before£»¡¡and¡¡yet¡¡Holland£»¡¡down¡¡to¡¡our



own¡¡days£»¡¡has¡¡retained¡¡a¡¡large¡¡proportion¡¡of¡¡her¡¡mercantile¡¡marine£»



whereas¡¡that¡¡of¡¡the¡¡Spaniards¡¡and¡¡the¡¡Portuguese¡¡is¡¡almost



annihilated¡£¡¡In¡¡vain¡¡were¡¡the¡¡efforts¡¡of¡¡a¡¡great¡¡individual



minister¡¡now¡¡and¡¡then¡¡under¡¡the¡¡despotic¡¡kings¡¡of¡¡France¡¡to¡¡create



a¡¡fleet£»¡¡for¡¡it¡¡invariably¡¡w

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