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On Commercial Economy, in Six Essays: Viz. Machinery, Accumulation of ...
Edward Stillingfleet Cayley
No preview available - 2015
accumulation advantage agricultural allowed America amount appears artificial average Bank become Bill British capital cause cent cheapness circulation coal commodities compared consequence consumers consumption corn cotton course currency custom debt demand depreciation difference distress ditto doubled effect employment ending England English equal evidence exchange existed exports fact fall fixed foreign France free trade fund give gold Government gradual greater half hands House importation improvement increase industry interest investment iron labour land late less loss machinery manufactures means measure metallic millions natural necessary necessity notes obtained operation ounce of silver perhaps period population possessed pound present principle produce profits progress proportion prosperity quantity receive remain rise shillings silver sources standard supply suppose Table taxation thing tion trade true wages wants whole
Page 1 - Nay, take my life and all; pardon not that. You take my house, when you do take the prop That doth sustain my house ; you take my life, When you do take the means whereby I live.
Page 61 - The antiquity of his art is certainly not to be contested by any other. The three first men in the world were a gardener, a ploughman, and a grazier; and if any man object that the second of these was a murderer, I desire he would consider, that as soon as he was so, he quitted our profession and turned builder. It is for this reason, I suppose, that Ecclesiasticus forbids us to hate husbandry; because, says he, the Most High has created it.
Page 213 - ... so essentially connected with every other, and so superior in importance to them all, that it is scarcely necessary to invite to it your particular attention. It is principally as manufactures and commerce tend to increase the value of agricultural productions, and to extend their application to the wants and comforts of society, that they deserve the fostering care of government.
Page 18 - ... for while a capital is employed in this country it must create a demand for some labour; machinery cannot be worked without the assistance of men, it cannot be made but with the contribution of their labour. By investing part of a capital in improved machinery, there will be a diminution in the progressive demand for labour; by exporting it to another country, the demand will be wholly annihilated.
Page 192 - ... danger of wanting employment. The emulation among rival nations serves rather to keep industry alive in all of them. And any people is happier who possess a variety of manufactures, than if they enjoyed one single great manufacture, in which they are all employed. Their situation is less precarious; and they will feel less sensibly those revolutions and uncertanties, to which every particular branch of commerce will always be exposed.
Page 153 - Bank issues as having usually taken place at those periods antecedent to the suspension of the cash payments of the Bank, when they experienced any material run. A very urgent demand for Guineas, though arising not from the high price of Gold and the state of the Exchange, but from a fear of Invasion, occurred in 1793, and also in...
Page 225 - Besides, this distance is the cause that those who are established there cannot conform to the manner of living in a climate so different from their own; they are obliged therefore to draw from the mother country all the conveniences of life. The...
Page 214 - They, therefore, recommend the adoption of the following resolution : — Resolved, by the Senate and House of Representatives of the State of Delaware, in General Assembly met, That the tariff of 1828, accords with the spirit of the constitution of the United States, and is a protection to home industry, from the overwhelming influence of foreign rivalry.
Page 207 - for forming this opinion principally " consist in the natural advantages that England possesses, " from the circumstance of the iron stone and coal being " invariably found in the same spot, and thus affording a " means of manufacturing iron at a cheap rate ; the talent " and ingenuity of the workmen ; the immense spare capital " we have in this country ; the circumstance of our canals " and railroads already established, enabling us to bring '' the raw material from the interior of the country...