Where does my lady get her money? She gets it from her husband, Sir Leicester Dedlock, who gets it from his tenant farmer, who gets it from the agricultural labourer, Hodge.

Then her ladyship orders the ball-dress of Mrs. Jones, and pays her with Hodge's money.

But if Mrs. Jones were not employed making the ball-dress for my Lady Dedlock, she could be making gowns for Mrs. Hodge, or frocks for Hodge's girls.

Whereas now Hodge cannot buy frocks for his children, and his wife is a dowdy, because Sir Leicester Dedlock has taken Hodge's earnings and given them to his lady to buy ball costumes.

Take a larger instance. There are many yachts which, in building and decoration, have cost a quarter of a million.

Average the wages of all the men engaged in the erection and fitting of such a vessel at 30s. a week. We shall find that the yacht has "found employment" for 160 men for twenty years. Now, while those men were engaged on that work they produced no necessaries for themselves. But they consumed necessaries, and those necessaries were produced by the same people who found the money for the owner of the yacht to spend. That is to say, that the builders were kept by the producers of necessaries, and the producers of necessaries were paid for the builders' keep, with money which they, the producers of necessaries, had earned for the owner of the yacht.

The conclusion of this sum being that the producers of necessaries had been compelled to support 160 men, and their wives and children, for twenty years; and for what?

That they might build one yacht for the pleasure of one idle man.

Would those yacht builders have starved without the rich man? Not at all. But for the rich man, the other workers would have had more money, could afford more holidays, and that quarter of a million spent on the one yacht would have built a whole fleet of pleasure boats.

And note also that the pleasure boats would find more employment than the yacht, for there would be more to spend on labour and less on costly materials.