[84] Bonar’s Malthus, chap. vii.
[85] Hansard, Feb. 4th, 5th, 6th, 1830.
If official figures did not exist in England, or if they did not possess or deserve authority, it is difficult to estimate the degree of political harm which could be done in a few years by an interested and deliberately dishonest agitation on some question too technical for the personal judgment of the ordinary voter. Suppose, for instance, that our Civil Service were either notoriously inefficient or believed to be dominated by party influence, and that an organised and fraudulent ‘currency agitation’ should suddenly spring up. A powerful press syndicate brings out a series of well-advertised articles declaring that the privileges of the Bank of England and the law as to the gold reserve are ‘strangling British Industry.’ The contents bills of two hundred newspapers denounce every day the ‘monopolists’ and the ‘gold-bugs,’ the ‘lies and shams’ of the Bank Returns, and the ’paid perjurers of Somerset House.’ The group of financiers who control the syndicate stand to win enormous sums by the creation of a more ‘elastic’ currency, and subscribe largely to a Free Money League, which includes a few sincere paper-money theorists who have been soured by the contempt of the professional economists. A vigorous and well-known member of parliament—a not very reputable aristocrat perhaps, or some one loosely connected with the Labour movement—whom everybody has hitherto feared and no one quite trusted, sees his opportunity. He puts himself at the head of the movement, denounces the ‘fossils’ and ‘superior persons’