Admitting that the grain and flour trade were thus centralized, what would be the effect of a succession of large crops, or even of a single one? Would not the roads be covered with wagons whenever they were passable, and even at times when, they were almost impassable? Would not every one be anxious to anticipate the apprehended fall of prices by being early in the market? Would not freights be high? Would not the farmer, on his arrival in Rochester, find that every store-house was filled to overflowing? Would not storage be high? Would he not approach the miller, cap in hand, and would not the latter receive him with his hat on his head? Assuredly such would be the case, and he would hear everywhere of the astonishing extent of "the surplus"—of how rapidly production was exceeding consumption—of the length of time his grain must remain on hand before it could be ground—of the low price of flour, &c. &c.;—and the result would be that the more grain carried to market the less would be carried back, and the less he would be able to consume; and at last he would arrive at the conclusion that the only effect of large crops granted him by the bounty of Heaven was that of enriching the miller at his expense, by compelling him to allow more toll for the privilege of creeping through the hole provided for him by the miller. He would pray for droughts and freshets—for storms and frosts—as the only means of escape from ruin.
The reader may determine for himself if this is not a fair picture of the cotton trade? Do the planters profit by good crops? Assuredly not. The more they send to market the less they receive for it. Do they profit by improvements in the transportation of their commodity? Certainly not. With the growth of railroads, cotton has fallen in price, and will not this day command on the plantation near as much, per pound, as it did before the railroad was invented. In India, the cost of transportation from the place of production to England has fallen in the last forty years sevenpence,[142] and yet the grower of cotton obtains for it one-third less than he did before—receiving now little more than two cents, when before he had from three to four. Who profits by the reduction of cost of transportation and conversion? The man who keeps the toll-gate through which it passes to the world, and who opens it only gradually, so as to permit the increased quantity to pass through slowly, paying largely for the privilege. That all this is perfectly in accordance with the facts of the ease must be obvious to every reader. The planter becomes rich when crops are short, but then the mill-owner makes but little profit. He is almost ruined when crops are large, but then it is that the mill-owner is enriched—and thus it is that the system produces universal discord, whereas under a natural system there would be as perfect harmony of national, as there is of individual interests.
We may now inquire how this would affect the farmers around Rochester. The consumption of the Middle States would be largely diminished because of the heavy expense of transporting the wheat to mill and the flour back again, and this would cause a great increase of the surplus for which a market must be elsewhere found. This, of course, would reduce prices, and prevent increase, if it did not produce large diminution in the value of land. The millers would become millionaires—great men among their poorer neighbours—and they would purchase large farms to be managed by great farmers, and fine houses surrounded by large pleasure-grounds. Land would become everywhere more and more consolidated, because people who could do so would fly from a country in which such a tyranny existed. The demand for labour would diminish as the smaller properties became absorbed. Rochester itself would grow, because it would be filled with cheap labour from the country, seeking employment, and because there would be great numbers of wagoners and their horses to be cared for, while porters innumerable would be engaged in carrying wheat in one direction and flour in another. Hotels would grow large, thieves and prostitutes would abound, and morals would decline. From year to year the millers would become greater men, and the farmers and labourers smaller men, and step by step all would find themselves becoming slaves to the caprices of the owners of a little machinery, the whole cost of which would scarcely exceed the daily loss resulting from the existence of the system. By degrees, the vices of the slave would become more and more apparent. Intemperance would grow, and education would diminish, as the people of the surrounding country became more dependent on the millers for food and clothing in exchange for cheap grain and cheaper labour. The smaller towns would everywhere decline, and from day to day the millers would find it more easy so to direct the affairs of the community as to secure a continuance of their monopoly. Local newspapers would pass away, and in their stead the people throughout the country would be supplied with the Rochester Times, which would assure the farmers that cheap food tended to produce cheaper labour, and the land-owners that if they did not obtain high rents it was their own fault, the defect being in their own bad cultivation—and the more rapid the augmentation of the millers' fortunes, and of the extent of their pleasure-grounds, the greater, they would be assured, must be the prosperity of the whole people; even although the same paper might find itself obliged to inform its readers that the overgrown capital presented it as
"A strange result of the terrible statistics of society, that there was upon an average one person out of twenty of the inhabitants of the luxurious metropolis every day destitute of food and employment, and every night without a place for shelter or repose?"—London Times.
We have here slavery at home as a consequence of the determination, to subject to slavery people abroad. With each step in the growth of the millers' fortunes, and of the splendour of their residences, land would have become consolidated and production would have diminished, and the whole population would have tended more and more to become a mass of mere traders, producing nothing themselves, but buying cheaply and selling dearly, and thus deriving their support from the exercise of the power to tax the unfortunate people forced to trade with them; a state of things in the highest degree adverse to moral, intellectual, or political improvement.
The reader may now turn to the extracts from Mr. McCulloch's works already given, (page 240 ante,) and compare with them this view of the effects of supposed commercial centralization on this side of the Atlantic. Doing so, he will find it there stated that it is to the consolidation of the land, and to the luxury of the style of living of the great landlords, surrounded, as they, "in most cases" are, by "poor and needy dependants," whose necessities finally compel them to seek in large cities a market for their own labour, and that of their wives and children, that we are to look for an augmentation of "the mass of wealth and the scale of enjoyment!" Modern British political economy holds no single idea that is in harmony with the real doctrines of Adam Smith, and yet it claims him as its head!
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The reader is requested now to remark—
I. That the system of commercial centralization sought to be established by Great Britain is precisely similar to the one here ascribed to the millers of Rochester, with the difference only, that it has for its object to compel all descriptions of raw produce to pass through England on its way from the consumer and the producer, even when the latter are near neighbours to each other, and England distant many thousand of miles from both.
II. That to carry out that system it was required that all other nations should be prevented from obtaining either the knowledge or the machinery required for enabling them cheaply to mine coal, smelt iron ore, or manufacture machines by aid of which they could command the services of the great natural agents whose value to man is so well described by Mr. McCulloch. (See page 249 ante.)