Brooks Adams

The Roman mind did not understand that a poor man could belong to the aristocracy, or that a rich man was not part of it.”

by year, since Pizarro had murdered the Inca Atahualpa for his gold, a stream of bullion had flowed from America to Europe, and from Europe to the East: there it had vanished as completely as though once more buried in the bowels of the mine. These hoards, the savings of millions of human beings for centuries, the English seized and took to London, as the Romans had taken the spoil of Greece and Pontus to Italy. What the value of the treasure was, no man can estimate, but it must have been many millions of pounds—a vast sum in proportion to the stock of the precious metals then owned by Europeans. Some faint idea of the booty of the conqueror may be drawn from Macaulay’s description of the first visit of an English soldier to an Oriental treasure chamber:—

To the capitalist, then, rather than to the inventor, civilization owes the steam engine as a part of daily life, and Matthew Boulton was one of the most remarkable of the race of producers whose reign lasted down to Waterloo. As far back as tradition runs the Boultons appear to have been Northamptonshire farmers, but Matthew’s grandfather met with misfortunes under William, and sent his son to Birmingham to seek his fortune in trade. There the adventurer established himself as a silver stamper, and there, in 1728, Matthew was born. Young Boulton early showed both energy and ingenuity, and on coming of age became his father’s partner, thenceforward managing the business