Fixed property bears a value according to its situation; 10,000 acres in a place like London, and its environs, would be an immense fortune, such as no man ever possessed; while 10,000, in some parts of the globe, though well covered with timber, would not be worth a shilling—no king to govern, no subject to submit, no market to exhibit property, no property to exhibit; instead of striving to get possession, he would, if cast on the spot, strive to get away. Thus assemblages of people mark a place with value.
Movable property is of two sorts; that which arises from the earth, with the assistance of man; and the productions of art, which wholly arise from his labour. A small degree of industry supplies the wants of nature, a little more furnishes the comforts of life, and a farther proportion affords the luxuries. A man, by labour first removes his own wants, and then, with the overplus of that labour, purchases the labour of another. Thus, by furnishing a hat for the barber, the hatter procures a wig for himself: the tailor, by making a coat for another, is enabled to buy cloth for his own. It follows, that the larger the number of people, the more likely to cultivate a spirit of industry; the greater that industry, the greater its produce; consequently, the more they supply the calls of others, the more lucrative will be the returns to themselves.
It may be asked, what is the meaning of the word rich? Some have termed it, a little more than a man has; others, as much as will content him; others again, the possession of a certain sum, not very small. Perhaps all are wrong. A man may be rich, possessed only of one hundred pounds; he may be poor, possessed of one hundred thousand. He alone is rich, whose income is more than he uses.
Industry, though excellent, will perform but half the work; she must be assisted by economy; without this, a ministerial fortune will be defective. These two qualities, separated from each other, like a knife from the handle, are of little use; but, like these, they become valuable when united. Economy without industry will barely appear in a whole coat; industry without economy will appear in rags. The first is detrimental to the community, by preventing the circulation of property; the last is detrimental to itself. It is a singular remark, that even industry is sometimes the way to poverty. Industry, like a new cast guinea, retains its sterling value; but, like that, it will not pass currently till it receives a sovereign stamp: economy is the stamp which gives it currency. I well knew a man who began business with 1500l. Industry seemed the end for which he was made, and in which he wore himself out. While he laboured from four in the morning till eight at night, in the making of gimlets, his family consumed twice his produce. Had he spent less time at the anvil, and more in teaching the lessons of frugality, he might have lived in credit. Thus the father was ruined by industry, and his children have, for many years, appeared on the parish books. Some people are more apt to get than to keep.
Though a man, by his labour, may treat himself with many things, yet he seldom grows rich. Riches are generally acquired by purchasing the labour of others. He who buys the labour of one hundred people, may acquire ten times as much as by his own.
What then has that capricious damsel, Fortune, to do in this chain of argument? Nothing. He who has capacity, attention, and economy, has a fortune within himself. She does not command him, he commands her.
Having explained the word riches, and pointed out the road to them, let us examine their use. They enable a man with great facility to shake off an old friend, once an equal; and forbid access to an inferior, except a toad-eater. Sometimes they add to his name, the pretty appendage of Right Honourable, Bart. or Esq. additions much coveted, which, should he happen to become an author, are an easy passport through the gates of fame. His very features seem to take a turn from his fortune, and a curious eye may easily read in his face, the word consequence. They change the tone of his voice from the submissive to the commanding, in which he well knows how to throw in a few graces. His style is convincing. Money is of singular efficacy; it clears his head, refines his sense, points his joke. The weight of his fortune adds weight to his argument. If, my dear reader, you have been a silent spectator at meetings for public business, or public dinners, you may have observed many a smart thing said unheeded, by the man without money; and many a paltry one echoed with applause, from the man with it. The room in silent attention hears one, while the other can scarcely hear himself. They direct a man to various ways of being carried who is too idle to carry himself; nay, they invert the order of things, for we often behold two men, who seem hungry, carry one who is full fed. They add refinement to his palate, prominence to his front, scarlet to his nose. They frequently ward off old age. The ancient rules of moderation being broken, luxury enters in all her pomp, followed by a group of diseases, with a physician in their train, and the rector in his. Phials, prayers, tears, and galley-pots, close the sad scene, and the individual has the honour to rot in state, before old age can advance. His place may be readily supplied with a joyful mourner.[84]
[84] History of Birmingham.