Page:On the economy of machinery and manufactures - Babbage - 1846.djvu/396

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EFFECT OF TAXES

point out one which seems to promise advantage, though by no means free from grave objections. The question of permitting by law, the existence of partnerships in which the responsibility of one or more of the partners is limited in amount, is peculiarly important in a manufacturing, as well as a commercial point of view. In the former light, it appears calculated to aid that division of labour, which we have already proved to be as advantageous in mental as it is in bodily operations; and it might possibly give rise to a more advantageous distribution of talent, and its combinations, than at present exists. There are in this country, many persons possessed of moderate capital, who do not themselves enjoy the power of invention in the mechanical and chemical arts, but who are tolerable judges of such inventions, and excellent judges of human character. Such persons might, with great success, employ themselves in finding out inventive workmen, whose want of capital prevents them from realizing their projects. If they could enter into a limited partnership with persons so circumstanced, they might restrain within proper bounds the imagination of the inventor, and by supplying capital to judicious schemes, render a service to the country, and secure a profit for themselves.

(436.) Amongst the restrictions intended for the general benefit of our manufacturers, there existed a few years ago one by which workmen were forbidden to go out of the country. A law so completely at variance with every principle of liberty, ought never to have been enacted. It was not, however, until experience had convinced the legis-