FREE BOOKS

Author's List




PREV.   NEXT  
|<   149   150   151   152   153   154   155   156   157   158   159   160   161   162   163   164   165   166   167   168   169   170   171   172   173  
174   175   176   177   178   179   180   181   182   183   184   185   186   187   188   189   190   191   192   193   194   195   196   197   198   >>   >|  
ent had to step in again to palliate the distress which it had wrought. It constituted itself quartermaster-general to the community, and doled out stinted rations alike to rich and poor, with that stern democratic impartiality peculiar to times of mortal peril. But this served only, like most artificial palliatives, to lengthen out the misery. At the time of the surrender, not a loaf of bread could be obtained for love or money. In this way a bungling act of legislation helped to decide for the worse a campaign which involved the territorial integrity and future welfare of what might have become a great nation performing a valuable function in the system of European communities. The striking character of this instructive example must be our excuse for presenting it at such length. At the beginning of the famine in Bengal the authorities legislated in very much the same spirit as the burghers who had to defend Antwerp against Parma. "By interdicting what it was pleased to term the monopoly of grain, it prevented prices from rising at once to their natural rates. The Province had a certain amount of food in it, and this food had to last about nine months. Private enterprise if left to itself would have stored up the general supply at the harvest, with a view to realizing a larger profit at a later period in the scarcity. Prices would in consequence have immediately risen, compelling the population to reduce their consumption from the very beginning of the dearth. The general stock would thus have been husbanded, and the pressure equally spread over the whole nine months, instead of being concentrated upon the last six. The price of grain, in place of promptly rising to three half-pence a pound as in 1865-66, continued at three farthings during the earlier months of the famine. During the latter ones it advanced to twopence, and in certain localities reached fourpence." The course taken by the great famine of 1866 well illustrates the above views. This famine, also, was caused by the total failure of the December rice-crop, and it was brought to a close by an abundant harvest in the succeeding year. "Even as regards the maximum price reached, the analogy holds good, in each case rice having risen in general to nearly twopence, and in particular places to fourpence, a pound; and in each the quoted rates being for a brief period in several isolated localities merely nominal, no food existing in the market, and mo
PREV.   NEXT  
|<   149   150   151   152   153   154   155   156   157   158   159   160   161   162   163   164   165   166   167   168   169   170   171   172   173  
174   175   176   177   178   179   180   181   182   183   184   185   186   187   188   189   190   191   192   193   194   195   196   197   198   >>   >|  



Top keywords:

famine

 

general

 

months

 

period

 

localities

 

reached

 

beginning

 

twopence

 
rising
 

harvest


fourpence

 

concentrated

 
equally
 
pressure
 

spread

 

immediately

 

larger

 

profit

 

scarcity

 

realizing


stored
 

supply

 

Prices

 
consequence
 

dearth

 

consumption

 

reduce

 

compelling

 

population

 

husbanded


analogy

 

maximum

 

abundant

 
succeeding
 

nominal

 
existing
 

market

 
isolated
 
places
 

quoted


brought
 

During

 
earlier
 

advanced

 

farthings

 

continued

 

caused

 

failure

 
December
 

illustrates