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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
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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¡£
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their¡¡freedom£»¡¡whereas¡¡those¡¡held¡¡in¡¡subjection¡¡by¡¡the¡¡Inquisition
had¡¡even¡¡to¡¡submit¡¡to¡¡the¡¡closing¡¡of¡¡their¡¡rivers¡£¡¡The¡¡English
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