The signatories to this remarkable document prayed that a stop might be put to the irreverent and irreligious proceedings of various citizens in drawing petroleum from the bosom of the earth, thus "checking the designs of the Almighty," Who, they said, had undoubtedly stored it there with a view to the last day, "when all things shall be destroyed."
Mr. Nevill tells us one thing about his mother which possibly reveals her character and the temper of her time more truly than anything else in the book: it seems to belong to the England of General Gordon and Lady Burton. Lady Dorothy practised illumination, presumably as taught in the once popular Owen Jones' volume.
One of the works she executed was Hood's Song of the Shirt, another was The Service for the Burial of the Dead, which she finished and signed in 1848, when twenty-two years of age—a curious instance of the strange mixture of seriousness and vivacity which went to form a highly original mind.
POLITICS AND ECONOMICS
INDUSTRY AND TRADE. By Alfred Marshall. Macmillan. 18s. net.
Dr. Marshall's well-known Principles of Economics was published as long ago as 1890. For many years he continued to work at the volume with which he designed to follow that, but weak health, as well as heavy professional duties and much time devoted to the public service, made his progress slow. It is only now, therefore, after an interval of nearly thirty years, that he has been able to complete the present book. And even so his scheme is not yet complete, for there is still a companion volume to come, which will deal with "influences on the conditions of man's life and work exerted by the resources available for employment; by money and credit; by international trade; and by social endeavour."
Industry and Trade is a monument of lucidity and carefulness. Every student of economics will read it with interest, even though it does not appear to throw much new light on the problems it discusses. Dr. Marshall traces out for us in a general way the technical evolution of industry, both in this country and elsewhere. We have an analysis of the conditions which produced in turn the industrial leadership of Britain, of France, of Germany, of the United States. We have a minute discussion of the dominant tendencies of business organisations, the expansion of the unit, the application of scientific method, the problems of joint-stock companies, of banking, of marketing. And finally the question of monopolies is examined—the American and German experience of trusts and cartels, the great movement towards aggregation, federation, and co-operation in British trade. Dr. Marshall writes throughout in a spirit of large and rather fatherly benevolence, here reproving some "anti-social practices" of trade unionism, there gently censuring abuses of power by a trust. It is admirable, of course, but there are times when his elaborate avoidance of partisanship and his cautious non-committal attitude leave the reader a little perplexed. Dr. Marshall tells us that his aim has been to present as accurate a picture as he can without advocating any particular conclusions. This is very well in a general way, but where an economic problem becomes an ethical problem a conclusion may not be an altogether bad thing. There are two chapters devoted to a consideration of "Scientific Management," in which the author has certainly achieved an almost superhuman impartiality. He thinks, as everyone does, that there is much that is valuable in the application of efficiency methods in industry. He does not think that the worker need be unduly strained by scientific management. He is apparently doubtful about the danger of monotony that it introduces. Finally, he suggests that "though it be true that scientific management diminishes the need of the operative for resource and judgment in small matters, it may help him ... to estimate the characters of those who bear large responsibilities. Unless and until he can do that, democratic control of industry will be full of hazards." True, but some bolder critics will turn back a few pages and refer to a quotation given of some of Mr. F. W. Taylor's principles: "All possible brain-work should be removed from the shop and centred in the planning department, leaving for the foreman and gang-bosses work strictly executive in its nature.... Each man must ... adapt his methods to the many new standards and grow accustomed to receiving and obeying directions covering details large and small, which in the past have been left to his individual judgment." Will a manipulation of human beings on these lines really make ideal "democratic controllers of industry"? Leaving the desirability or undesirability of such control out of the question it will certainly be argued that Mr. Taylor's is not the way to get it. However, Dr. Marshall admits that American methods of scientific management will need to be somewhat modified before they can obtain a very wide acceptance in British industry. He does not discuss how they are being modified in their application in this country, where a good many experiments are actually being made.
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In general, the book presents us with a pretty bright picture of capitalist industry. There is much that needs to be altered, yet progress, we are reminded, has been great: education has spread, the standard of comfort of the working-class has risen enormously, and "both competition and combination in Anglo-Saxon countries generally have been more inclined to construction than to destruction: emulation has often given an incitement to exertion stronger than that which was derived from the desire for gain...." We are not to be led away, therefore, by large socialistic schemes of reform. Collectivism would be unfavourable to the best solution of men for the most responsible work in industry; National Guilds "look only at the surface difficulties of business" and promise to lead us into nothing but chaos.