J. F. Boyd

Summary

J. F. Boyd,  State directed emigration (1883)

“ An enormous rise in "values" of real and leasehold property, while apparently creating numerous great, perhaps fragile fortunes, has not in reality added to the sum of absolute wealth, and, obviously, this increment is not "production," since its effect has been merely to transfer, to promote circulation if you will. This increment of value is not a creation, is not intrinsic, is accidental, often fictitious, always precarious. Much of the rise in cost of what has been constructed within the free trade period is readily traceable to waste, and represents so much lost not gained. ”
Source: Wikisource

J. F. Boyd,  State directed emigration (1883)

“ Again, the practice of child murder in the swarming heathen Empire could no more be stopped by setting millions of heads and hands to work at what the great Mandarins regard as the futility of replacing canals by iron roads, than the children's parents could be in the end enriched by largely developing native manufactures already sufficient for internal needs. A production capable of ensuring either result must be, not a process which on close scrutiny appears a mere transfer of existing goods from A to B, nor the creation of what can be dispensed with, of a new luxury, a telephonic system ”
Source: Wikisource

J. F. Boyd,  State directed emigration (1883)

“ Gladstone overlooked the truth that the value of all manufactures is (theoretically) the sum of the labour expended in obtaining and manipulating raw material in itself valueless. Were the goods our customers did not buy from us such as must have been extracted from British soil, then not less than one hundred and sixty million pounds are lost to British pockets. Manufacturers, workmen, tradesmen, carriers, middlemen, are poorer by that stupendous total, enough to ruin a third rate nation, to impoverish sensibly and severely try us. ”
Source: Wikisource

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