The Works of Walter Bagehot with Memoirs by R.H. Hutton; Now First Pub. in Full by the Travelers Insurance Company of Hartford, Connecticut Volume 4

The Works of Walter Bagehot with Memoirs by R.H. Hutton; Now First Pub. in Full by the Travelers Insurance Company of Hartford, Connecticut Volume 4

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1891 edition. Excerpt: ...affect the distribution of parliamentary power; the county members form a peculiar class in the House of Commons, and exercise a steady influence there out of proportion to their mere numbers. Besides, so much more of social influence belongs to the territorial aristocracy than to any other class that its weight is indefinitely increased: not a few men enter Parliament mainly to augment their social importance, and over these the unquestioned possessors of social rank necessarily have great power. A third circumstance contributes its effect: the ministers of the Crown are generally large land-owners; by imperious social usage they must be men of large property, and all opulence gravitates towards the land, --political opulence does so particularly. Until recently there was much difficulty in finding other investments not requiring sedulous personal attention, and not liable to be affected by political vicissitudes. It is of essential importance that ministers of state should be persons at ease in their worldly circumstances, and it is quite out of the question that they should have any share in the administration of commercial enterprises; they have enough to do without that. Their wealth, too, should not be in a form that could expose them even to the suspicion of stock-jobbing, or of making an improper use of political information. We have now many kinds of property--debentures, canal shares, railway shares, etc.--which have these advantages in nearly an equal degree with land itself, but the growth of these is recent; it may hereafter have important consequences, but it has not as yet had time to achieve them. Accordingly the series of Cabinet ministers presents a nearly unbroken rank of persons who either are themselves large..show more

Product details

  • Paperback | 186 pages
  • 189 x 246 x 10mm | 340g
  • Rarebooksclub.com
  • United States
  • English
  • black & white illustrations
  • 1236747860
  • 9781236747860