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Table of Contents

INTRODUCTORY.

"... One of my friends who was lately exploring the Jura, where much working in metal is done, had occasion to enter the house of a peasant who was a manufacturer of shovels. He asked the price. 'Let us come to an understanding,' answered the poor laborer, not an economist at all, but a man of common sense; 'I sell them for 8d. to the trade, which retails them at 1s. 8d. in the towns. If you could find a means of opening a direct communication between the workman and the consumer, you might have them for 1s. 2d., and we should each gain 6d. by the transaction.'"5

To a similar effect Owen, in the Book of the New Moral World, part 2, chap. iii.

"The principle now in practice is to induce a large portion of society to devote their lives to distribute wealth upon a large, a medium, and a small scale, and to have it conveyed from place to place in larger or smaller quantities, to meet the means and wants of various divisions of society and individuals, as they are now situated in cities, towns, villages, and country places. This principle of distribution makes a class in society whose business is to buy from some parties and to sell to others. By this proceeding they are placed under circumstances which induce them to endeavor to buy at what appears at the time a low price in the market, and to sell again at the greatest permanent profit which they can obtain. Their real object being to get as much profit as gain between the seller to, and the buyer from them, as can be effected in their transactions.

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