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Updated: May 15, 2025
On certain slopes where the devastating miners have not yet played their relentless game dark forests rise to the high, bold summits of the chiefest mountains, and it is to guard these timbered tracts, growing each year more valuable, that the government has established its Forest Service to protect and develop the wealth-producing power of the watersheds.
Yet if we confine our attention to the direct effects of machinery, we shall acknowledge that Mill's doubt is, upon the whole, a well founded one. According to the evidence of existing poverty adduced in the last chapter, it would appear that the lowest classes of workers have not shared to any considerable degree the enormous gain of wealth-producing power bestowed by machinery.
Lloyd George ridicules both these bogeys, but because such reforms contribute towards the efficiency of the people, even as wealth-producing machines and increase the incomes of the wealthy and the well-to-do. Mr. Lloyd George continued:
Vice-President Colfax's Speech, July 4, 1870. "The wonderful wealth-producing power of the United States defies and sets at naught the grave drawbacks of a mischievous protective tariff, and has already obliterated, almost wholly, the traces of the greatest of modern civil wars.
Work is the best remedy against such vapours, and an Ireland, occupied in this fashion-with wealth-producing labour, will have no time for civil war or "religious" riots. As for concrete projects, the Irish Parliament will not be able to begin on a very ambitious scale. But there are two or three matters which it must at once put in hand.
Even the more educated champions of the interests of working-classes have often viewed with grave suspicion the rapid substitution of machinery for hand-labour in the industrial arts. The enormous increase of wealth-producing power given by the new machinery can scarcely be realized.
For alongside of the rapid development of our wealth-producing powers we have an overwhelming increase in the ranks of the idlers and middlemen.
One can speculate upon the force of the temptation to take advantage of the position. Mark Twain was sixty years old, and ill at that. Having sacrificed all he possessed to meet the demands of his creditors, he might justly claim the benefit of what remained of capacity for wealth-producing labor.
The reduction of the exceedingly high winter prices is unfortunate for those who are skilled enough to produce many eggs at that season of the year, but on a whole the storage business adds to the wealth-producing powers of the hen, for it serves to increase the annual consumption of eggs and prevents eggs from becoming a drug on the market during the season of heavy production.
Only on the basis of such an analysis, supplemented by some general data as to the aggregate wealth-producing capacity of the country, can a rational guess be made as to the maximum degree to which the exports of Germany could be brought to exceed her imports. In the year 1913 Germany's imports amounted to $2,690,000,000, and her exports to $2,525,000,000, exclusive of transit trade and bullion.
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