Statistical, Historical and Political Description of the Colony of New South Wales and its Dependent Settlements in Van Diemen's Land eBook

William Wentworth
This eBook from the Gutenberg Project consists of approximately 352 pages of information about Statistical, Historical and Political Description of the Colony of New South Wales and its Dependent Settlements in Van Diemen's Land.

Statistical, Historical and Political Description of the Colony of New South Wales and its Dependent Settlements in Van Diemen's Land eBook

William Wentworth
This eBook from the Gutenberg Project consists of approximately 352 pages of information about Statistical, Historical and Political Description of the Colony of New South Wales and its Dependent Settlements in Van Diemen's Land.
to those little inferior dealers, who are to be found in all countries, started up, and have since acted as intermediary agents between the importers and the great body of consumers.  The object of this class has been, and continues to be, not so much to realize large fortunes in money, which indeed under existing circumstances would be scarcely possible, as to acquire immense landed possessions:  and their system, which, in fact, is the natural consequence of this policy, is to require of the settlers mortgage securities anterior to the supply of such articles as they may be in need of.  As they are frequently unable punctually to comply with the conditions of these mortgages, their creditors eagerly embrace the opportunity, whenever it offers, of foreclosing them, and are thus gradually becoming proprietors of the finest estates in the colony; estates which whenever its capabilities shall be called into unrestrained action will ensure them and their posterity fortunes of a colossal magnitude.  While this class of traders are thus becoming the most considerable landholders in this settlement, they have not only taken care not to give credit to such an extent as might occasion a diminution in their trading capital, but have even contrived to increase it very materially.  This system, therefore, of buying goods, and afterwards selling them at an almost arbitrary profit, the greater part of which is thus converted into landed property, is daily gaining ground, and will infallibly in the end, unless proper measures be speedily taken to counteract it, reduce the great majority of the agricultural body to the same state of vassalage which a large proportion of its members are already enduring.  And what renders the increasing wealth and power of the small number who thus profit by the embarrassments of the settlers, and make themselves masters of their persons and properties, still more odious and galling, is the consideration that in most instances they are the least deserving, and yet the only class of the community to whom the present order of things is favourable.  While all the rest of the population are groaning under the aggravated pressure of toil, privation, and despair, they are fattening on the surrounding misery, and every day making rapid strides towards the attainment of immense riches, under the propitious shelter of a system which would appear to have been expressly contrived for their especial aggrandisement, at the expence of the freedom, prosperity and happiness of the whole social body besides.  Like vultures, that in the midst of combats soar in safety above the destruction raging beneath, but descend at its close and tranquilly devour the mangled carcases which the exterminating engines of war have laid prostrate for their repast, these men out of the influence of the oppressive disabilities which are overwhelming all but themselves, eagerly watch the progress of the surrounding misery, and impatiently await its completion; more cruel than vultures, since covered with the aegis that has unnerved the force and paralysed the energies of their neighbours, they introduce themselves into the midst of the havoc of their own species, and prey upon the living victims who are sinking around them.

Copyrights
Project Gutenberg
Statistical, Historical and Political Description of the Colony of New South Wales and its Dependent Settlements in Van Diemen's Land from Project Gutenberg. Public domain.