The workingman's advocate. [volume] (Chicago [Ill.]) 1864-1877, 1876-03-04
FROM ENGLAND.
CARLTON PLACE,
LIVERPOOL, Jan. 26, 1876.

FROM ENGLAND.
CARLTON PLACE,
LIVERPOOL, Jan. 26, 1876. (
70 the Editor u THE worKrSoHAS's ADVOCATE
The Almanac Of the Illustrated London
NeWs has a significant table which carries
an awful moral with it. 1t is list Of a
hundred men who in the last ten years
have died worth sixty millions, no one in.
serted whose legacies are less than quarter
81 million. There are two put down al
three millions each. Let us pick out one
with his three millions. The interest on
this colossal fortune at three per cent. il
f90, 900. Let us suppose this leviathan Of
wealth to spend per annum $40, 900 here
is a sum Of $50, 900 with which to 20 into
the investment market. Investment the
great trouble Of millionaires, filling them
with anxiety and costing sleepless nights.
Coal mines-landed estates -consols-
foreign loans-rallways- -gas-water and
insurance shares. They must be distract
ed by variety Of choice, whilst begging let
ters for donations to churches and a hun
dred charities must lay daily siege to the
knocker Of their mansions. The very
finance must require staff Of clerks and
collectors not much less than that Of the
Liverpool Corporation.
But to return TO his annual saving of
ESQ, 900. We must bear IN mind that it
accrues year by year. Let US take our ex-
ample at his 3Oth year, and let h m reach
his 10th and what immense accumulation
do We see. 40 x $1,000, If Cocker may
be depended upon, will amount to two
millions. The working Of the extraor din
ary engine Of usury is something wonder
full. Suppose one Of these millionaires was
able to secure ten per cent, and some OF
them by sagacity in choice, say fortunate
investments in coal mines, secure more
than this, and we have those immense
accretions doubling themselves in seven
years. One thousand pounds would stand
thus in the forty years on which limitation
our calculation is based -
Our capitalist begins In his 20 year with
81, 900.
ID hls 21th year the ,OOJ becomes f2, ,OCO
In his 54th year the 1000 becomes 600
La his 4lst year the 900 becomes ) 900
III his 45th year the 5000 becomes l6. 900.
Ia hs 55th year the ID 900 becomes 80. 600.
In his 62nd year the $1,000 becomes O. ,oOO.,
In his 6yth year the "a ,OUO becomes l2s 0OO-
Impossible, it may be said Perhaps
so ; let us cut OFF one half and there remain
f64, 900 usurious and monstIous progency
Of the original Fl 200, and yet, as the
usury laws are abolished, these immense
sums are recoverable by law. Can the
productive powers OF the earth keep pace
with such claims Are sovereigns coined
in quantities sufficient to give them none
tary expression
Surely the end of this is not far OF
All this must end III social revolt and
popular discomfort Carlyle gives us an
ugly picture i'll his French Revolution" of
the fate Of a Dlves-one Foulon. Foulon,
a fewSears before the breaking out of the
French revolution, had told the people who
had crowded round his bureau in a time of
distress, that they might 20 and eat
grass, fatal words as may be seen in the
sequel. 1--WE are put at the 22nd Of the
month, hardly above week since the
Bastile fell, when in suddenly appears
that old Foulon is alive-nay that he is
here il the streets Of Paris-the extoT-
toner, the gsurer, the plotter who 'lcould
make the people eat grass Merciless Doors
IF Why pounce upon nj N, unearth him
ID. ~, 81 L.
Hoted de Vile. His old head, which
seventyfour years have bleached, is bare.
They have tied an emblematic bundle of
grass on his back, a garland Of thistles and
nettIes round his neck. In this manner,
led with ropes, goaded on with menaces.
and threats, and curses, must he, with his
old limbs, sprawl forward, the pitiablest,
the most unpitied of all old men. Sooty
st. Antoine and every street musters its
crowd as he passes The hall of the Hotel
de Vile, the Place Greve. will scarcely
hold his escort and him-Foulon must be
Judged where he stands without any delay
Appoint seven judges, We Municipals, q
seventy and seven. Name them yourselves
OF We will name them. Friends, said 8
person dressed in decent clothes, what II
the use Of Judging this man This mar
has been judged these thirty years Will
wild yells, Sansculottism clutches him in it
hundred hands He Is whirled across th'
Place de Greve to the lantern. Only will
the third rope two break can he 50 mucl
as get hanged. His body Is dragge,
through the streets, his head goes aloft d
a pike-'the mouth filled ,1ih grass -amIc
sounds of Tophet from a grass eating peo
pie. I"
II history is experience teaching from
example, hereis lesson J. II.