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CHAPTER XV.-OF CHEMICAL AND MECHANICAL CHANGES IN THE FORM OF MATTER

-CONTINUED.

21. Errors of the British system obvious to Adam Smith. His caution to his country-

men in regard to the dangers necessarily incident to an exclusive dependence upon

trade. His advice neglected, and hence the growth of pauperism and the origination

of the theory of over-population....

2. Warlike and monopolistic character of the system.......

3. By destroying among other people the power to sell their labor it destroys com-

petition for the purchase of British labor. Teaching, that to enable capital to obtain

a fair remuneration labor must be kept down, it tends to the production of slavery

everywhere...........

4. Approximation in the prices of raw materials and finished commodities the one

essential characteristic of civilization. British system looks to the prevention of that

approximation. Its tendency towards reduction of other communities to a state of

barbarism........

5. Stoppage of the circulation a necessary consequence of the predominance of the

British system. Disappearance of the small proprietors of England. Condition of the

agricultural laborer...

26. The higher the organization the more perfect the power of self-government.

That power diminishing among the people, and in the government, of England. Gulf

dividing the higher and lower classes a constantly widening one......

27. Necessity for careful study of the system under which originated the theory of

over-population. Inevitable tendency of the Ricardo-Malthusian doctrine that of

making slavery the ultimate condition of the laborer. The system of the British school

a retrograde one. Had its origin in a retrograde policy. Sees in man a mere instru-

ment to be used by trade...........

23. Trader's power steadily increases, while that of the farmer and planter as

steadily declines. Consequent instability and irregularity of the societary movement.

Trader profits by instability. Remarkable steadiness and regularity of the societary

movement in all those periods in which the protective policy has been maintained..... 268

24. Growing commerce enables the farmer to pass from the cultivation of the poorer

to the richer soils. American policy restricts him to the former. Growing commerce

tends to increase the power of labor over capital. American policy gives to capital

greater power over labor. Growing commerce tends towards peace, and an economi-

cal administration of the affairs of government. American policy looks to extension of

the trader's power at the expense of commerce. Increasing tendency towards war

and waste. Growing commerce tends towards development of the latent powers of

earth and man. American policy tends towards exhaustion of the one and enslave-

ment of the other...

25. Speculative and gambling spirit engendered by a growing dependence upon the

trader and transporter. Decline in the feeling of responsibility resulting from irregu-

larity in the societary movement. Political and judicial corruption resulting from the

growth of centralization....

26. The higher the societary organization the more rapid is the movement and the

more instant the exhibition of the effects of a sound, or unsound, course of policy.

Frequency and rapidity of changes in these United States.....

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