machinists who are at hand, than in remote country districts, whither timber, machinery, builders, and operatives must be brought; it offers a market to which buyers crowd, and direct communication with the markets supplying raw material or demanding finished goods. Hence the marvellously rapid growth of the great manufacturing towns. The country, on the other hand, has the advantage that wages are usually lower than in town, and so town and country are in constant competition; and, if the advantage is on the side of the town today, wages sink so low in the country tomorrow, that new investments are most profitably made there. But the centralising tendency of manufacture continues in full force, and every new factory built in the country bears in it the germ of a manufacturing town. If it were possible for this mad rush of manufacture to go on at this rate for another century, every manufacturing district of England would be one great manufacturing town, and Manchester and Liverpool would meet at Warrington or Newton; for in commerce, too, this centralisation of the population works in precisely the same way, and hence it is that one or two great harbours, such as Hull and Liverpool, Bristol, and London, monopolise almost the whole maritime commerce of Great Britain.
Since commerce and manufacture attain their most complete development in these great towns, their influence upon the proletariat is also most clearly observable here. Here the centralisation of property has reached the highest point; here the morals and customs of the good old times are most completely obliterated; here it has gone so far that the name Merry Old England conveys no meaning, for Old England itself is unknown to memory and to the tales of our grandfathers. Hence, too, there exist here only a rich and a poor class, for the lower middle-class vanishes more completely with every passing day. Thus the class formerly most stable has become the most restless one. It consists today of a few remnants of a past time, and a number of people eager to make fortunes, industrial Micawbers and speculators of whom one may amass a fortune, while ninety-nine become insolvent, and more than half of the ninety-nine live by perpetually repeated failure.