On the Rise, Progress and Present State of Public Opinion in Great Britain and Other Parts of the World [By W.A. MacKinnon]. - Softcover

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This historic book may have numerous typos, missing text or index. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. 1828. Not illustrated. Excerpt: ... takes place. In that case, part of A.'s rents go to pay the mortgagees, B., C, and D.; whether, therefore, the mortgage only or the sale takes place of A.'s property, the effects are nearly similar. §2. The second cause is the improvement that has taken, and is daily taking place in machinery, and in the saving of manual labour, which may be called the powers of machinery. In the beginning of these observations, allusion was made to the alteration likely to be caused in the world by the increase of the powers of machinery. It was observed, that the power of machinery created capital; that capital acted as the cause, and was also the effect of civilization; that it created a more extensive middle class of society, augmented information, &c. &c, and, consequently, tended to strengthen and extend public opinion. Let us now proceed to consider this subject as far as it relates to this country. That the use of machinery creates capital cannot be denied*; that this capital is created not only by the saving of manual labour effected by machinery, but also by a greater stimulus given to the sale of manufactured goods is equally clear; that this extends itself in a thousand different channels, so as to augment industry, and the demand for such goods, is equally certain*. * Suppose a machine to effect by steam, or by any other power, the labour of a thousand persons, and that the cost of keeping up such a machine, including the hands requisite for conducting it prop.erly, should amount to the expense of keeping ten persons, it is evident that a saving of expenditure to the community of nine hundred and ninety men is effected, or, in other words, that a saving in the proportion of one hundred to one is obtained in manual labour alone. To this must be added, the greate...

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