saving £517 a year as interest on cost of sites for schools, Garden City has secured sites for its schools incomparably better than those of London schools—sites which afford ample accommodation for all the children of the town, and not, as in the case of the London School Board, accommodation for only half of the children of the municipality. (The sites of the London School Board are 370 acres in extent, or about 1 acre to every 16,000 of the population, while the people of Garden City have obtained 24 acres or 1 acre for every 1,250.) In other words, Garden City secures sites which are larger, better placed, and in every way more suitable for educational purposes, at a mere fraction of the cost which in London is incurred for sites vastly inferior in every respect.
The economies with which we have thus dealt are, it will be seen, effected by the two simple expedients we have referred to. First, by buying the land before a new value is given to it by migration, the migrating people obtain a site at an extremely low figure, and secure the coming increment for themselves and those who come after them; and secondly, by coming to a new site, they do not have to pay large sums for old buildings, for compensation for disturbance, and for heavy legal charges. The practicability of securing for the poor workers of London the first of these great advantages appears to have been for the moment overlooked by Professor Marshall in his article in the Contemporary Review,[1] for the Professor remarks "Ultimately all would gain by the migration, but most" (the italics are
- ↑ No one is, of course, better aware of this possibility than the Professor himself. (See "Principles of Economics," (2nd ed.) Book v., Chap. x. and xiii.)
