Home-Life of the Lancashire Factory Folk during the Cotton Famine by Edwin Waugh
page 155 of 202 (76%)
page 155 of 202 (76%)
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much upon the amount of activity in those who solicit it; and I
think, in order to induce us to make a general and national effort to raise additional funds in this great emergency, it is only necessary to refer to and repeat one or two facts that have been stated in this report just read to us. I find it stated that it is estimated that the loss of wages at present is at the rate of 136,094 pounds per week, and there is no doubt that the savings of the working classes are almost exhausted. Now, 136,094 pounds per week represents upwards of 7,000,000 pounds sterling per annum, and that is the rate at which the deduction is now being made from the wages of labour in this district. I see it stated in this report that the resources which this committee can at present foresee that it will possess to relieve this amount of distress are 25,000 pounds a month for the next five months, which is at the rate of 300,000 pounds per annum; so that we foresee at present the means of affording a relief of something less than five per cent upon the actual amount of the loss of wages at present incurred by the working classes of this country. But I need not tell honourable gentlemen present, who are so practically acquainted with this district, that that loss of seven millions in wages per annum is a very imperfect measure of the amount of suffering and loss which will be inflicted on this community three or four months hence. It may be taken to be 10,000,000 pounds; and that 10,000,000 pounds of loss of wages before the next spring is by no means a measure of the loss this district will incur; for you must take it that the capitalists will be incurring also a loss on their fixed machinery and buildings; and though perhaps not so much as that of the labourer, it will be a very large amount, and possibly, in the opinion of some people, will very nearly approach |
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