The Daily state journal. [volume] (Alexandria, Va.) 1868-1874, 1871-08-04

ana mental clements Rejecting the views
% thus presented, his Observation-Disclosures sue.
cesssors have assured their leaders tina,
their so-called science limited itself. and ne.
cessarily, to an exhibition of the causes ac
fectmg the production, distribution, and
consumption OF material soealM alone the
economist allowing ssneither 81 sympathy
with indulgence nor disgust at pro}iisIon ~
avarlce-nelthern reverence for existing in
n situations nor detestation of existing aln,ses
to deter him from stating what he be-
lleved to be the facts, or from drawing from
them what appeared to him to be the legiti-
mate conclusions.v Mean and narrow nc
is the pretended science thus described bv
one OF the most distinguished of British
economists, we find it still further narrow
ca by Mr.. j. 5. Mill when advising his rea-
ders that 80 the greater part in value OF the
wealth now existing in England has bee,,
produced by human hands within the mast
twelve months, - thus excluding from con-
sIderation not only the moral and mental el-
'ements, but also the accumulated wealth Of
ages now existing in the form of farms
parks, roads, canals, viaducts, bridges
mines, mills, galleries, museums and build,
mgs, public and private, the money value
OF such accumulations counting by thou-
sands OF millions of pounds! Following
o,osely u ms footsteps, journalists foreign
corn and cotton, miners of coal and s,soI ~
ers Of ores, spinners and weayarS ~ a,..oa,
and cotton, tailors, shoemakers andftha
like, as being the slproduccrs ~ ,saaith ;,
thus wholly, rejecting the claims to cons;,d.
Grafton of men like Watt and Stenbenso,,
Morse and Henry, Liebie. Farradavf ond
thousands of others to whom. the World
stands most of all Indebted. for the Won
derful growth of wealth and mower tbat
marks the period in which we liva' -
or all economical terms. there is nono
that is just now more frequently both ,,saJ
and abused than is the apparently veru
simple one to which the readers atfent;oy
has here been called. OF all. there IS none
OF greater real breadth vet. of all. there
Is none that has been SO much narrowed
and belittled; that, too, having been done
Dy men who, while claiming to be disciples /
IN ms school, have carefully repudiated The
most essential portions of the teachings of c
Adam Smith. - a.t3 II t
VI what, now, does wealth really con- t
sislT Letsus see! u aa a,sisi1 t
Robinson Crusoe having made a how had a
thus acquired wealth; that wealth seyb;h;t- n
ing itself in the power obtained oya,.it ~ y
natural properties of wood and rn,,sc,, i II
hber, thereby enabling him to secure in a
creased supplies of feed wifi o,,ootI,. =: "
,r nndIo',eu expenditure of labor. Having .
oroas,5 s ~: ny ioaiiu nus wealth much in :
creased, ms, new machine enabling him to
oDtan still further increase of food, and of =
.ne raw matenals OF clothing, at still de-
Gos1 OF personal effort. Erecting |
po..e: " lcs canoe ne now commands the y
' ,t Vi wlnd, and with each and every
s."p M 1ils direction finds himself adj r'
70 a"ets, WIN constantly accelerated rapid F.
y sowaru becoming master OF nature, and gil
..gM ~ real Wealtn and power. "a fsr ~ ~,
= piI.ure mere presented OF the dongs Is
,ro @ ,s9ia'eu INDIVIDUAL rs being now re- RI
,o,,,., L on scale OF wonderful magnif- 90
eIIo ~ nneii engaged IN erecting the poles,
w sue'c,llg the wires, by means of
INCL saaoi .ie thousand millions of the worlds
'eopie are beng enabled, on the instant, to +
anon I,n;,sS 4; WI" AZ; each other, TIME and dis
ataJ w" Was Ia .'iis manner almost annihi- Ju
nd royar ,t I"u noie CROWN OF wealth t 1n
ghch y a,,ns S h ta moral ana material of est
we ara 70 ba;o, ca i.u and yet, co,
Of the R,;.sh NH anu ms eiioW- l rb
nc thuc haan oao.aJ ',i- sol'ooi, no wealth llis
1ade ma,,fset ( east eAeept so lar as is to,
ovar tho a al pores ana wires hy
ertain other v;res snhn W. surface, or IN ban
cean. ssr 'e''ea'n the mo
~ k-A, :. . .,.lAHA'ipN 'taf0 ter
nut recently British army was saved der
t ON rum oy the fortunate presence of is7
we hachine OF American invention by !,
.ea Vi w1icn the services of water, then =
.a:y heeded, mad been almost at once r,
:. here, as consequence of grow i
Y power oyer nature, we have scetilsA of Nir
mos. a' measurable money value, yet does 4 l,
,,;at no place IN the eyes of British econ 4
nlsts beyond the mere commercial esti- 7.
a.e OF tne little machine ITSELF Still fur nef,
er the great men towhose successive dis co co
veries we have been indebted for knowl- of j
~ tnat mas led to the production of such pea
machine, must, according to Mr.. Mill, be "
assed as preparedness OF acealth, for the =
ason That, however beneficial their labors. TN
Va increase Of material products forms no L !
~ OF the benefit" ..,s.l..s. 'iTt
The landholder sinks a shaft unon his in b +,
operty, by means of which there are II
ought to light large deposits of that ma VIM
nal, single ton Of which. during the no the
ID of its combustion, does the work NJ in sa
Dusands of men. Having Tins .ohta;ned A.:
ntr0l Of vast reservoir of force he mar ~,
IS it out among his neighbors. cIaim;nr az q
em q ROYALTY utterly trivial When g., ~