quantity than need be. Examine one by one all commodities sent out by countries exporting on a large scale, and you will see that nearly all are produced in insufficient quantities for the inhabitants of the countries exporting them.
It is not a surplus of wheat that the Russian peasant sends to Europe. The most plentiful harvests of wheat and rye in European Russia only yield enough for the population. And as a rule the peasant deprives himself of what he actually needs when he sells his wheat or rye to pay rent and taxes.
It is not a surplus of coal that England sends to the four corners of the globe, because only three-quarters of a ton, per head of population, annually, remain for home domestic consumption, and millions of Englishmen are deprived of fire in the winter, or have only just enough to boil a few vegetables. In fact, setting aside useless luxuries, there is in England, which exports more than any other country, but a single commodity in universal use—cottons—whose production is sufficiently great to perhaps exceed the needs of the community. Yet when we look upon the rags that pass for wearing apparel worn by over a third of the inhabitants of the United Kingdom, we are led to ask ourselves whether the cottons exported would not, within a trifle, suit the real needs of the population?
As a rule it is not a surplus that is exported, though it may have been so originally. The fable
