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abroad Adam Smith agriculture amount average bank become Britain bushels capital cent centimes circulation cloth Colbert consequence constant increase consumed consumption corn corvee cotton crop cultivation decline demand Denmark diminished diminution distant earth effect employed employment enabled England Europe everywhere exchange existence export fact farm farmer finished commodities flax flour force foreign France furnished Germany gold greater growing hectolitre improvement India Ireland iron land and labor latter less looks Louis XIV machinery manufactures millions necessity obtain peasants period planter population Portugal pounds power of association precious metals profit proportion proprietors protection purchase quantity rapid raw materials raw products result roubles Russia seen sell slave slavery society soil steadily sumer supply tariff of 1842 tax of transportation tendency tends tion trade Turkey wages waste wealth wheat whereas whole wool
Page 454 - The rise in the money price of all commodities, which is in this case peculiar to that country, tends to discourage more or less every sort of industry which is carried on within it, and to enable foreign nations, by furnishing almost all sorts of goods for a smaller quantity of silver than its own workmen can afford to do, to undersell them, not only in the foreign, but even in the home market.
Page 182 - The internal competition which takes place soon does away every thing like monopoly, and, by degrees, reduces the price of the article to the minimum of a reasonable profit on the capital employed. This accords with the reason of the thing, and with experience.
Page 182 - But, though it were true that the immediate and certain effect of regulations controlling the competition of foreign with domestic fabrics, was an increase of price, it is universally true that the contrary is the ultimate effect with every successful manufacture.
Page 83 - The population employed in the cotton factories rises at five o'clock in the morning, works in the mills from six till eight o'clock, and returns home for half an hour or forty minutes to breakfast. This meal generally consists of tea or coffee, with a little bread. Oatmeal porridge is sometimes, but of late rarely used, and chiefly by the men ; but the stimulus of tea is preferred, and especially by the won^en.
Page 209 - HAMILTON'S blood, the voice of impending judgment, calls for a remedy. At this hour, Heaven's high reproof is sounding from Maine to Georgia, and from the shores of the Atlantic to the banks of the Mississippi.
Page 84 - Amongst those who obtain the lower rates of wages, this meal generally consists of boiled potatoes. The mess of potatoes is put into one large dish ; melted lard and butter are poured upon them, and a few pieces of fried fat bacon are sometimes mingled with them, and but seldom a little meat.
Page 198 - Of the twenty millions of dollars annually realized from the sales of the cotton crop of Alabama, nearly all not expended in supporting the producers is reinvested in land and negroes. Thus the white population has decreased, and the slave increased, almost pari passu in several counties of our State. In 1825, Madison county cast about 3,000 votes; now she cannot cast exceeding 2,300. In traversing that county one will discover numerous farmhouses, once the abode of industrious and intelligent freemen,...
Page 179 - ... to consult upon some local improvements ; or,, in another place, the laborers of a village quit their ploughs to deliberate upon the project of a road or a public school. Meetings are called for the sole purpose of declaring their disapprobation of the line of conduct pursued by the government ; while in other assemblies the citizens salute the authorities of the day as the fathers of their country.
Page 179 - The citizen of the United States is taught from infancy to rely upon his own exertions in order to resist the evils and the difficulties of life; he looks upon the social authority with an eye of mistrust and anxiety, and he claims its assistance only when he is unable to do without it.