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Chapter 4 - Progress
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From Poverty by James Platt
P72 POVERTY.
stated "that on account of the difference
in hours, the Belgians and French' could purchase the wool in London,
take it abroad, spin it, and send it into the Bradford market as
yarn cheaper by 3d. or 4d. per lb. than the Bradford manufacturers
could afford to sell' it. They also competed in piece goods. The
result was that there were no less than 20,000 looms idle in Bradford
and the district. Formerly, in the district from which he came,
there existed a large loom trade, which supplied yarn to the
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manufacturers of fancy goods in Glasgow and other
parts of Scotland; but that trade had now become unprofitable
in consequence of Belgium having entered into competition with
it, and having succeeded in transferring the whole of the trade
in that article to itself." "Paternal legislation" is a cruel
kindness, and its results to the persons protected by it are
similar to what happens to children spoilt by the indulgence
of their parents; it causes the ruin of the parties they so
foolishly try to save. If all the factories in the world agreed
to work their mills only fifty-six hours per week, the arrangement
might be justifiable; but to grumble at a "falling-off " in
the demand for our manufactured articles, that by our policy
we have virtually shut ourselves from being able to make as
cheap as others, is alike foolish and useless. There is a cause
for the demand falling off; if we want to keep up the supply,
we must remove the cause that has checked the demand. The law
of the "survival of the fittest " applies to manufactures and
trades, and our suicidal policy, our stupid attempts to put
aside the law of "supply and demand," have lost us the command
of the markets of the world. " Thirty-five years ago, Great
Britain and Ireland possessed 850,000 flax-spinning spindles,
or four and a-half times more than the Continent, which owned
190,000. At present the United Kingdom has 1,292,000 spindles,
but continental competitors now possess 1,705,600, or 32 per
cent, more than Britain. . . . British spinners are rapidly
losing ground in home, as well as in continental markets. .
. . The exports of linen yarn for the six years before the Factory
Act of 1874 came into operation,.
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© Peter Smith 2008
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