207. If we wish to compare the value of any article at different periods of time, it is clear that neither any one substance, nor even the combination of all manufactured goods, can furnish us with an invariable unit by which to form our scale of estimation. Mr Malthus has proposed for this purpose to consider a day's labour of an agricultural labourer, as the unit to which all value should be referred. Thus, if we wish to compare the value of twenty yards of broad cloth in Saxony at the present time, with that of the same kind and quantity of cloth fabricated in England two centuries ago, we must find the number of days' labour the cloth would have purchased in England at the time mentioned, and compare it with the number of days' labour which the same quantity of cloth will now purchase in Saxony. Agricultural labour appears to have been selected, because it exists in all countries, and employs a large number of persons, and also because it requires a very small degree of previous instruction. It seems, in fact, to be merely the exertion of a man's physical force; and its value above that of a machine of equal power arises from its portability, and from the facility of directing its efforts to arbitrary and continually fluctuating purposes. It may perhaps be worthy of enquiry, whether a more constant average might not be deduced from combining with this species of labour those trades which require but a moderate exertion of skill and which likewise exist in all civilized countries, such as those of the blacksmith and carpenter, etc.(1*) In all such comparisons there is, however, another element, which, though not essentially necessary, will yet add much to our means of judging.

It is an estimate of the quantity of that food on which the labourer usually subsists, which is necessary for his daily support, compared with the quantity which his daily wages will purchase.

208. The existence of a class of middlemen, between small producers and merchants, is frequently advantageous to both parties; and there are certain periods in the history of several manufactures which naturally call that class of traders into existence. There are also times when the advantage ceasing, the custom of employing them also terminates; the middlemen, especially when numerous, as they sometimes are in retail trades, enhancing the price without equivalent good. Thus, in the recent examination by the House of Commons into the state of the coal trade, it appears that five-sixths of the London public is supplied by a class of middlemen who are called in the trade Brass plate coal merchants: these consist principally of merchants' clerks, gentlemen's servants, and others, who have no wharfs of their own, but merely give their orders to some true coal merchant, who sends in the coals from his wharf: the brass plate coal merchants, of course, receiving a commission for his agency.

209. In Italy this system is carried to a great extent amongst the voituriers, or persons who undertake to convey travellers. There are some possessed of greater fluency and a more persuasive manner who frequent the inns where the English resort, and who, as soon as they have made a bargain for the conveyance of a traveller, go out amongst their countrymen and procure some other voiturier to do the job for a considerably smaller sum, themselves pocketing the difference. A short time before the day of starting, the contractor appears before his customer in great distress, regretting his inability to perform the journey on account of the dangerous illness of a mother or some relative, and requesting to have his cousin or brother substituted for him. The English traveller rarely fails to acquiesce in this change, and often praises the filial piety of the rogue who has deceived him.

NOTES:

1. Much information for such an enquiry is to be found, for the particular period to which it refers, in the Report of the Committee of the House of Commons on Manufacturers' Employment, 2 July, 1830.

Chapter 18

Of Raw Materials

210. Although the cost of any article may be reduced in its ultimate analysis to the quantity of labour by which it was produced; yet it is usual, in a certain state of the manufacture of most substances, to call them by the term raw material. Thus iron, when reduced from the ore and rendered malleable, is in a state fitted for application to a multitude of useful purposes, and is the raw material out of which most of our tools are made. In this stage of its manufacture, but a moderate quantity of labour has been expended on the substance; and it becomes an interesting subject to trace the various proportions in which raw material, in this sense of the term, and labour unite to constitute the value of many of the productions of the arts.

211. Gold leaf consists of a portion of the metal beaten out to so great a degree of thinness, as to allow a greenish-blue light to be transmitted through its pores. About 400 square inches of this are sold, in the form of a small book containing 25 leaves of gold, for 1s. 6d. In this case, the raw material, or gold, is worth rather less than two-thirds of the manufactured article. In the case of silver leaf, the labour considerably exceeds the value of the material. A book of fifty leaves, which would cover above 1000 square inches, is sold for 1s. 3d.