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men employed。



    And as into these two functions; requiring for their right



exercise the highest intelligence; as well as patience; kindness;



and tact; the merchant is bound to put all his energy; so for



their just discharge he is bound; as soldier or physician is



bound; to give up; if need be; his life; in such way as it may be



demanded of him。 Two main points he has in his providing function



to maintain: first; his engagements (faithfulness to engagements



being the real root of all possibilities; in commerce); and;



secondly; the perfectness and purity of the thing provided; so



that; rather than fail in any engagement; or consent to any



deterioration; adulteration; or unjust and exorbitant price of



that which he provides; he is bound to meet fearlessly any form



of distress; poverty; or labour; which may; through maintenance



of these points; come upon him。



    Again: in his office as governor of the men employed by him;



the merchant or manufacturer is invested with a distinctly



paternal authority and responsibility。 In most cases; a youth



entering a commercial establishment is withdrawn altogether from



home influence; his master must become his father; else he has;



for practical and constant help; no father at hand: in all cases



the master's authority; together with the general tone and



atmosphere of his business; and the character of the men with



whom the youth is compelled in the course of it to associate;



have more immediate and pressing weight than the home influence;



and will usually neutralize it either for good or evil; so that



the only means which the master has of doing justice to the men



employed by him is to ask himself sternly whether he is dealing



with such subordinate as he would with his own son; if compelled



by circumstances to take such a position。



    Supposing the captain of a frigate saw it right; or were by



any chance obliged; to place his own son in the position of a



common sailor: as he would then treat his son; he is bound always



to treat every one of the men under him。 So; also; supposing the



master of a manufactory saw it right; or were by any chance



obliged; to place his own son in the position of an ordinary



workman; as he would then treat his son; he is bound always to



treat every one of his men。 This is the only effective; true; or



practical Rule which can be given on this point of political



economy。



    And as the captain of a ship is bound to be the last man to



leave his ship in case of wreck; and to share his last crust with



the sailors in case of famine; so the manufacturer; in any



commercial crisis or distress; is bound to take the suffering of



it with his men; and even to take more of it for himself than he



allows his men to feel; as a father would in a famine; shipwreck;



or battle; sacrifice himself for his son。



    All which sounds very strange: the only real strangeness in



the matter being; nevertheless; that it should so sound。 For all



this is true; and that not partially nor theoretically; but



everlastingly and practically: all other doctrine than this



respecting matters political being false in premises; absurd in



deduction; and impossible in practice; consistently with any



progressive state of national life; all the life which we now



possess as a nation showing itself in the resolute denial and



scorn; by a few strong minds and faithful hearts; of the economic



principles taught to our multitudes; which principles; so far as



accepted; lead straight to national destruction。 Respecting the



modes and forms of destruction to which they lead; and; on the



other hand; respecting the farther practical working of true



polity; I hope to reason farther in a following paper。







The Veins of Wealth







    The answer which would be made by any ordinary political



economist to the statements contained in the preceding paper; is



in few words as follows:



    〃It is indeed true that certain advantages of a general



nature may be obtained by the development of social affections。



But political economists never professed; nor profess; to take



advantages of a general nature into consideration。 Our science is



simply the science of getting rich。 So far from being a



fallacious or visionary one; it is found by experience to be



practically effective。 Persons who follow its precepts do



actually become rich; and persons who disobey them become poor。



Every capitalist of Europe has acquired his fortune by following



the known laws of our science; and increases his capital daily by



an adherence to them。 It is vain to bring forward tricks of



logic; against the force of accomplished facts。 Every man of



business knows by experience how money is made; and how it is



lost。〃



    Pardon me。 Men of business do indeed know how they themselves



made their money; or how; on occasion; they lost it。 Playing a



long…practised game; they are familiar with the chances of its



cards; and can rightly explain their losses and gains。 But they



neither know who keeps the bank of the gambling…house; nor what



other games may be played with the same cards; nor what other



losses and gains; far away among the dark streets; are



essentially; though invisibly; dependent on theirs in the lighted



rooms。 They have learned a few; and only a few; of the laws of



mercantile economy; but not one of those of political economy。



    Primarily; which is very notable and curious; I observe that



men of business rarely know the meaning of the word 〃rich。〃 At



least; if they know; they do not in their reasonings allow for



the fact; that it is a relative word; implying its opposite



〃poor〃 as positively as the word 〃north〃 implies its opposite



〃south。〃 Men nearly always speak and write as if riches were



absolute; and it were possible; by following certain scientific



precepts; for everybody to be rich。 Whereas riches are a power



like that of electricity; acting only through inequalities or



negations of itself。 The force of the guinea you have in your



pocket depends wholly on the default of a guinea in your



neighbour's pocket。 If he did not want it; it would be of no use



to you; the degree of power it possesses depends accurately upon



the need or desire he has for it;  and the art of making



yourself rich; in the ordinary mercantile economist's sense; is



therefore equally and necessarily the art of keeping your



neighbour poor。



    I would not contend in this matter (and rarely in any matter)



for the acceptance of terms。 But I wish the reader clearly and



deeply to understand the difference between the two economies; to



which the terms 〃Political〃 and 〃Mercantile〃 might not



unadvisedly be attached。



    Political economy (the economy of a State; or of citizens)



consists simply in the production; preservation; and



distribution; at fittest time and place; of useful or pleasurable



things。 The farmer who cuts his hay at the right time; the



shipwright who drives his bolts well home in sound wood; the



builder who lays good bricks in well…tempered mortar; the



housewife who takes care of her furniture in the parlour; and



guards against all waste in her kitchen; and the singer who



rightly disciplines; and never overstrains her voice; are all



political economists in the true and final sense: adding



continually to the riches and well…being of the nation to which



they belong。



    But mercantile economy; the economy of 〃merces〃 or of 〃pay;〃



signifies the accumulation; in the hands of individuals; of legal



or moral claim upon; or power over; the labour of others; every



such claim implying precisely as much poverty or debt on one



side; as it implies riches or right on the other。



    It does not; therefore; necessarily involve an addition to



the actual property; or well…being; of the State in which it



exists。 But since this commercial wealth; or power over labour;



is nearly always convertible at once into real property; while



real property is not always convertible at once into power over



labour; the idea of riches among active men in civilized nations;



generally refers to commercial wealth; and in estimating their



possessions; they rather calculate the value of their horses and



fields by the number of guineas they could get for them; than the



value of their guineas by the number of horses and fields they



could buy with them。



    There is; however; another reason for this habit of mind;



namely; that an accumulation of real property is of little use to



its owner; unless; together with it; he has commercial power over



labour。 Thus; suppose any person to be put in possession of a



large estate of fruitful land; with rich beds of gold in its



gravel; countless herds of cattle in its pastures; houses; and



gardens; and storehouses full of useful stores; but suppose;



after all; that he could get no servants? In order that he may be



able to have servants; some one in his neighbourhood must be



poor; and in want of his gold  or his corn。 Assume that no one



is in want of either; and that no servants are to be had。 He



must; therefore; bake his own bread; make his own clothes; plough



his own ground; and shepherd his own flocks。 His gold will be as



useful to him as any other yellow pebbles on his estate。 His



stores must rot; for he cannot consume them。 He can eat no more



than another man could eat; and wear no more than another man



could wear。 He must lead a life of severe and common labour to



procure even ordinary comforts; he will be ultimately unable to



keep either houses in repair; or fields in cultivation; and



forced to content himself with a poor man's portion of cottage



and garden; in the midst of a desert of waste land; trampled by



wild cattle; and encumbered by ruins of palaces; which he will



hardly mock at himself by calling 〃his own。〃



    The most covetous of mankind would; with small exultation; I



presume; accept riches of this kind on these terms。 What is



really desired; under the name of riches; is essentially; power



over men; in its simplest sense; the power of obtaining for our



own advantage the labour of servant; tradesman; and artist; in



wider sense; authority of directing large masses of the nation to



various ends (good; trivial or hurtful; according to the mind of



the rich person)。 And this power of wealth of course is greater




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