Excerpt from The Credit System in France, Great Britain, and the United States When person and property are secure, the owners of capital are willing to apply it in various ways tending to aid the exertions Of the labourer. One employs it in making rail roads or canals, secure of receiving toll for their use; another builds houses and barns; a third constructs machines by which the labour of the farmer, or that of the cotton or wollen manufacturer is rendered more productive; a fourth opens a shop at which the manufac ...
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Excerpt from The Credit System in France, Great Britain, and the United States When person and property are secure, the owners of capital are willing to apply it in various ways tending to aid the exertions Of the labourer. One employs it in making rail roads or canals, secure of receiving toll for their use; another builds houses and barns; a third constructs machines by which the labour of the farmer, or that of the cotton or wollen manufacturer is rendered more productive; a fourth opens a shop at which the manufac turer and the ploughman may exchange their products; and a fifth builds wagons or ships for the transportation Of such portions thereof as they may desire to exchange with persons at a dis tance. Unless they felt secure in so doing all would be disposed to retain their property in the most portable form, in order that it might most readily be concealed or carried Off. Thus in India, exposed to plunder from the army of friend or of foe, the owner of capital would not be willing to build houses, nor would be open a shop, because he could have no security that the former would not be destroyed, or the latter plundered. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at ... This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
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