We will now proceed in the round of all possible businesses, developing a correspondent number of new capitals, till we come back to our friend the lace-maker again, and find him employed in whatever his new industry was. By now taking away again all his new customers, we begin the development of another order of Capitals in a higher Seraphic circle—and so develope at last an Infinite Capital!

It would be difficult to match this for simplicity; it is more comic even than the fable of James and William, though you may find it less easy to detect the fallacy here; but the obscurity is not because the error is less gross, but because it is threefold. Fallacy 1st is the assumption that a cloth-maker may employ any number of men, whether he has customers or not; while a lace-maker must dismiss his men if he has not customers. Fallacy 2nd: That when a lace-maker can no longer find customers for lace, he can always find customers for something else. Fallacy 3rd (the essential one): That the funds provided by these new customers, produced seraphically from the clouds, are a ‘second capital.’ Those customers, if they exist now, existed before the lace-maker adopted his new business; and were the employers of the people in that business. If the lace-maker gets them, he merely diverts their fifty pounds from the tradesmen they were before employing, to himself; and that is Mr. Mill’s ‘second capital.’

Underlying these three fallacies, however, there is, in the mind of ‘the greatest thinker in England,’ some consciousness of a partial truth, which he has never yet been able to define for himself—still less to explain to others. The real root of them is his conviction that it is beneficial and profitable to make broadcloth; and unbeneficial and unprofitable to make lace;[2] so that the trade of cloth-making should be infinitely extended, and that of lace-making infinitely repressed. Which is, indeed, partially true. Making cloth, if it be well made, is a good industry; and if you had sense enough to read your Walter Scott thoroughly, I should invite you to join me in sincere hope that Glasgow might in that industry long flourish; and the chief hostelry at Aberfoil be at the sign of the “Nicol Jarvie.” Also, of lace-makers, it is often true that they had better be doing something else. I admit it, with no goodwill, for I know a most kind lady, a clergyman’s wife, who devotes her life to the benefit of her country by employing lace-makers; and all her friends make presents of collars and cuffs to each other, for the sake of charity; and as, if they did not, the poor girl lace-makers would probably indeed be ‘diverted’ into some other less diverting industry, in due assertion of the rights of women, (cartridge-filling, or percussion-cap making, most likely,) I even go the length, sometimes, of furnishing my friend with a pattern, and never say a word to disturb her young customers in their conviction that it is an act of Christian charity to be married in more than ordinarily expensive veils.

But there is one kind of lace for which I should be glad that the demand ceased. Iron lace. If we must even doubt whether ornamental thread-work may be, wisely, made on cushions in the sunshine, by dexterous fingers for fair shoulders,—how are we to think of Ornamental Iron-work, made with deadly sweat of men, and steady waste, all summer through, of the coals that Earth gave us for winter fuel? What shall we say of labour spent on lace such as that?

Nay, says the Cambridge catechism, “the demand for commodities is not a demand for labour.”

Doubtless, in the economist’s new earth, cast iron will be had for asking: the hapless and brave Parisians find it even rain occasionally out of the new economical Heavens, without asking. Gold will also one day, perhaps, be begotten of gold, until the supply of that, as well as of iron, may be, at least, equal to the demand. But, in this world, it is not so yet. Neither thread-lace, gold-lace, iron-lace, nor stone-lace, whether they be commodities or incommodities, can be had for nothing. How much, think you, did the gilded flourishes cost round the gas-lamps on Westminster Bridge? or the stone-lace of the pinnacles of the temple of Parliament at the end of it, (incommodious enough, as I hear;) or the point-lace of the park-railings which you so improperly pulled down, when you wanted to be Parliamentary yourselves; (much good you would have got of that!) or the ‘openwork’ of iron railings generally—the special glories of English design? Will you count the cost, in labour and coals, of the blank bars ranged along all the melancholy miles of our suburban streets, saying with their rusty tongues, as plainly as iron tongues can speak, “Thieves outside, and nothing to steal within.” A beautiful wealth they are! and a productive capital! “Well, but,” you answer, “the making them was work for us.” Of course it was; is not that the very thing I am telling you? Work it was; and too much. But will you be good enough to make up your minds, once for all, whether it is really work that you want, or rest? I thought you rather objected to your quantity of work;—that you were all for having eight hours of it instead of ten? You may have twelve instead of ten, easily,—sixteen, if you like! If it is only occupation you want, why do you cast the iron? Forge it in the fresh air, on a workman’s anvil; make iron-lace like this of Verona,—

every link of it swinging loose like a knight’s chain mail: then you may have some joy of it afterwards, and pride; and say you knew the cunning of a man’s right hand. But I think it is pay that you want, not work; and it is very true that pretty iron-work like that does not pay; but it is pretty, and it might even be entertaining, if you made those leaves at the top of it (which are, as far as I can see, only artichoke, and not very well done) in the likeness of all the beautiful leaves you could find, till you knew them all by heart. “Wasted time and hammer-strokes,” say you? “A wise people like the English will have nothing but spikes; and, besides, the spikes are highly needful, so many of the wise people being thieves.” Yes, that is so; and, therefore, in calculating the annual cost of keeping your thieves, you must always reckon, not only the cost of the spikes that keep them in, but of the spikes that keep them out. But how if, instead of flat rough spikes, you put triangular polished ones, commonly called bayonets; and instead of the perpendicular bars, put perpendicular men? What is the cost to you then, of your railing, of which you must feed the idle bars daily? Costly enough, if it stays quiet. But how, if it begin to march and countermarch? and apply its spikes horizontally?

And now note this that follows; it is of vital importance to you.

There are, practically, two absolutely opposite kinds of labour going on among men, for ever.[3]