Nations obtaining wealth by commerce are less liable to this danger than any others; at least we are led to believe so, from the present situation of things: we are, perhaps, however, not altogether right in the conclusion.
In France there were, and in Germany, Russia, and Poland, there are some immense fortunes, though general wealth is not nearly equal to that of England: so much for a comparison between nations of the present day. Again, it is certain, there were some fortunes in England, in the times of the Plantagenets and Tudors, much greater than any of the present times. {109} England was not then near so wealthy as it is now, and had very little commerce: it would then appear, that whether we compare England with what it was before it became a wealthy and commercial nation, or with other nations, at the present time, which are not wealthy, commerce and riches appear to have operated in dividing riches, and making that division more equal, rather than in rendering their accumulation great in particular hands, and their distribution unequal.
Before we are too positive about the cause, though we admit this effect, let us inquire whether there are not some other circumstances that are peculiar to the present situation of England, that may, if not wholly, at least in part, account for it.
The form of government in England is different from that of any of those countries. It is also different in its nature, though not in its form, from what it was under the Plantagenets and Tudors. Court favour cannot enrich a family in this country, and the operation of the law is tolerably equal. As neither protection, nor rank, in this country, raise a man above the rest of society, so the richest subject is obliged to obtain, by his expenditure, that consideration which he would ob-
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{109} Two centuries ago, land was sold for twelve years purchase, and the rents are five times as great as they were then; 10,000 L. employed in buying land then would now produce 5000 L. a year. Had the same money been lent, at interest, it would but produce 500 L. The land, too, would sell for 140,000 L. The monied capital would remain what it was.
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tain by other means, under another form of government, {110} and he is as much compelled to pay his debts as any other man.
It is not, however, the great wealth of one individual, or even of a few individuals, that is an object of consideration. It will be found that the great number of persons, who live upon revenues, sufficiently abundant to exempt them from care and attention, and to enable them to injure the manners of the people, (being above the necessity of economy, feeling none of its wants, and contributing nothing by their own exertion to its wealth or strength,) is a very great evil, and one that tends constantly to increase.