Monday, January 28, 2013

From a commentary on Macaulay

Reginald Reynolds has this in a footnote:

"Macaulay was in the long line of British statesmen who found in the administration of India a cure for their financial difficulties.   "No doubt prudential motives", wrote H. H. Milman, " and those of no ungenerous prudence, influenced his determination.   By a few years of economy, careful but not illiberal, he might make a provision for his future life." (Milman's biographical note to Macaulay's History of England.)  He had formerly earned only £200 a year and went to India on account of his father's failure in business.

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Macaulay's salary immediately before he went to India was £1500 - this roughly when Pride and Prejudice's Mr. Darcy was fabulously wealthy at £10,000 per year - in rents, of course. I think the £200 was a sort of fellowship from his college.

The £10,000 Macaulay got as law Member in India was still a huge increase, of course.

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