§ 1. Industry and politics. Land-owners and merchant princes
[43] See notes 13 and 14, pp. [247,] 248, for details.
In fact there has always been an extraordinary sentimentalism as regards land among all classes of the English people; and for some reason that has never been fully explained a man who has merely inherited a large amount of land (even if he has never attempted to cultivate it) is regarded as being superior to one who has amassed a fortune in the industrial or commercial world. And this feeling was stronger in the eighteenth century than it is at the present time. Hence commercial magnates bought land, and with it social prestige. The James Lowther who was created Earl of Lonsdale in 1784 was the descendant of a merchant engaged in the Levant trade; the first Earl of Tilney was the son of that eminent man of business, Sir Josiah Child. The daughters of merchant princes were even allowed to marry—and maintain—the scions of a needy aristocracy. Defoe actually discovered the amazing and revolutionary fact that a man engaged in commerce might be a gentleman, though no doubt this {146} bold supposition of his was at first looked upon with incredulity. He says: “Trade is so far from being inconsistent with a gentleman that in England trade makes a gentleman; for, after a generation or two, the tradesman’s children come to be as good gentlemen, statesmen, parliament men, judges, bishops, and noblemen as those of the highest birth and the most ancient families.” Dean Swift remarked “that the power which used to follow land had gone over to money.” Dr Johnson announced oracularly that “an English merchant was a new species of gentleman.”
Now, the Industrial Revolution went still further to gain social and political influence for the commercial classes. It succeeded in destroying the foolish idea that the land-owners alone were to be looked upon as the leaders of the nation. It gave the capitalists and manufacturers a new accession of power by enormously increasing their wealth. Moreover, it helped to undermine the landed interest by making the manufactures of England at first equal, and afterwards superior, to her agriculture, so that a rich mill-owner or ironmaster became as important as a large land-owner. The monopoly of the landed interest was broken by capital. Nowhere is the contrast between the old and new classes in the last century seen more closely than in Scott’s Rob Roy, where the old Tory squire who held fast to Church and king is contrasted with the new commercial magnate who supported the House of Hanover. One good we enjoyed from the rise of the commercial classes, and that was the final overthrow of the Stuarts, with all the follies which that unfortunate race represented.