There is an abundant scope for the employment of capital and skilled labour in Ireland. During the last few years land has been falling rapidly out of cultivation. The area under cereal crops has accordingly considerably decreased.Since 1868, not less than 400,000 acres have been disused for this purpose.The largest accumulations were in the counties of Dublin, Antrim, Cork, Down, Tipperary, and Tyrone, in the order named. Besides this amount, the sum of 2,082,413L. was due to depositors in the ordinary Savings Banks on the 20th of November, 1882; or, in all, more than four millions sterling, the deposits of small capitalists.
At Cork, at the end of last year, it was found that the total deposits made in the savings bank had been 76,000L, or an increase of 6,675L. over the preceding twelve months. But this is not all. The Irish middle classes are accustomed to deposit most of their savings in the Joint Stock banks; and from the returns presented to the Lord Lieutenant, dated the 31st of January, 1883, we find that these had been more than doubled in twenty years, the deposits and cash balances having increased from 14,389,000L. at the end of 1862, to 32,746,000L. at the end of 1882. During the last year they had increased by the sum of 2,585,000L. "So large an increase in bank deposits and cash balances," says the Report, "is highly satisfactory." It may be added that the investments in Government and India Stock, on which dividends were paid at the Bank of Ireland, at the end of 1882, amounted to not less than 31,804,000L.
It is proper that Ireland should be bountiful with her increasing means. It has been stated that during the last eighteen years her people have contributed not less than six millions sterling for the purpose of building places of worship, convents, schools, and colleges, in connection with the Roman Catholic Church, not to speak of their contributions for other patriotic objects.
It would be equally proper if some of the saved surplus capital of Ireland, as suggested by Mr. Parnell, were invested in the establishment of Irish manufactures. This would not only give profitable occupation to the unemployed, but enable Ireland to become an increasingly exporting nation. We are informed by an Irish banker, that there is abundance of money to be got in Ireland for any industry which has a reasonable chance of success. One thing, however, is certain: there must be perfect safety. An old writer has said that "Government is a badge of lost innocence: the palaces of kings are built upon the ruins of the bowers of paradise." The main use of government is protection against the weaknesses and selfishness of human nature. If there be no protection for life, liberty, property, and the fruits of accumulated industry, government becomes comparatively useless, and society is driven back upon its first principles.
Capital is the most sensitive of all things. It flies turbulence and strife, and thrives only in security and *******. It must have complete safety. If tampered with by restrictive laws, or hampered by combinations, it suddenly disappears. "The age of glory of a nation," said Sir Humphry Davy, "is the age of its security. The same dignified feeling which urges men to gain a dominion over nature will preserve them from the dominion of slavery. Natural, and moral, and religions knowledge, are of one family; and happy is the country and great its strength where they dwell together in union."Dublin was once celebrated for its shipbuilding, its timber-trade, its iron manufactures, and its steam-printing;Limerick was celebrated for its gloves; Kilkenny for its blankets; Bandon for its woollen and linen manufactures. But most of these trades were banished by strikes.Dr. Doyle stated before the Irish Committee of 1830, that the almost total extinction of the Kilkenny blanket-trade was attributable to the combinations of the weavers; and O'Connell admitted that Trades Unions had wrought more evil to Ireland than absenteei** and Saxon maladministration. But working men have recently become more prudent and thrifty; and it is believed that under the improved system of moderate counsel, and arbitration between employers and employed, a more hopeful issue is likely to attend the future of such enterprises.
Another thing is clear. A country may be levelled down by idleness and ignorance; it can only be levelled up by industry and intelligence. It is easy to pull down; it is very difficult to build up. The hands that cannot erect a hovel may demolish a palace. We have but to look to Switzerland to see what a country may become which mixes its industry with its brains. That little land has no coal, no seaboard by which she can introduce it, and is shut off from other countries by lofty mountains, as well as by hostile tariffs; and yet Switzerland is one of the most prosperous nations in Europe, because governed and regulated by intelligent industry. Let Ireland look to Switzerland, and she need not despair.
Ireland is a much richer country by nature than is generally supposed. In fact, she has not yet been properly explored.
There is copper-ore in Wicklow, Waterford, and Cork. The Leitrim iron-ores are famous for their riches; and there is good ironstone in Kilkenny, as well as in Ulster. The Connaught ores are mixed with coal-beds. Kaolin, porcelain clay, and coarser clay, abound; but it is only at Belleek that it has been employed in the pottery manufacture. But the sea about Ireland is still less explored than the land. All round the Atlantic seaboard of the Irish coast are shoals of herring and mackerel, which might be food for men, but are at present only consumed by the multitudes of sea-birds which follow them.
