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
increased the value (that is, the productiveness) of his estate, has
thereby added to the stock of national capital. By all means, then, let
the right acquisition and proper use of wealth, have their due share of
admiration.
But that which we condemn as the chief cause of commercial dishonesty,
is the _indiscriminate_ admiration of wealth--an admiration that has
little or no reference to the character of the possessor.
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