is far the most efficient of incentives and restraints. Let any one who
wishes to estimate the strength of this control, propose to himself to
walk through the streets in the dress of a dustman, or hawk vegetables
from door to door. Let him feel, as he probably will, that he had rather
do something morally wrong than commit such a breach of usage, and
suffer the resulting derision. And he will then better estimate how
powerful a curb to men is the open disapproval of their fellows; and
how, conversely, the outward applause of their fellows is a stimulus
surpassing all others in intensity. Fully realising which facts, he will
see that the immoralities of trade are in great part traceable to an
immoral public opinion.

Let none infer, from what has been said, that the payment of respect to
wealth rightly acquired and rightly used, is deprecated. In its original
meaning, and in due degree, the feeling which prompts such respect is
good. Primarily, wealth is the sign of mental power; and this is always
respectable. To have honestly-acquired property, implies intelligence,
energy, self-control; and these are worthy of the homage that is
indirectly paid to them by admiring their results. Moreover, the good
administration and increase of inherited property, also requires its
virtues; and therefore demands its share of approbation. And besides
being applauded for their display of faculty, men who gain and increase
wealth are to be applauded as public benefactors. For he who as
manufacturer or merchant, has, without injustice to others, realised a
fortune, is thereby proved to have discharged his functions better than
those who have been less successful. By greater skill, better judgment,
or more economy than his competitors, he has afforded the public greater
advantages. His extra profits are but a share of the extra produce
obtained by the same expenditure: the other share going to the
consumers. And similarly, the landowner who, by judicious outlay, has