An Inquiry into the Nature and Causes of the Wealth of NationsSmith, Adam
History
An Inquiry into the Nature and Causes of the Wealth of Nations
Smith, Adam
Economics
The market for wool and raw hides, on the contrary, is, in the rude
beginnings of improvement, very seldom confined to the country which
produces them. They can easily be transported to distant countries; wool
without any preparation, and raw hides with very little; and as they are
the materials of many manufactures, the industry of other countries may
occasion a demand for them, though that of the country which produces them
might not occasion any.
In countries ill cultivated, and therefore but thinly inhabited, the price
of the wool and the hide bears always a much greater proportion to that of
the whole beast, than in countries where, improvement and population being
further advanced, there is more demand for butcher’s meat. Mr Hume
observes, that in the Saxon times, the fleece was estimated at two-fifths
of the value of the whole sheep and that this was much above the
proportion of its present estimation. In some provinces of Spain, I have
been assured, the sheep is frequently killed merely for the sake of the
fleece and the tallow. The carcase is often left to rot upon the ground,
or to be devoured by beasts and birds of prey. If this sometimes happens
even in Spain, it happens almost constantly in Chili, at Buenos Ayres, and
in many other parts of Spanish America, where the horned cattle are almost
constantly killed merely for the sake of the hide and the tallow. This,
too, used to happen almost constantly in Hispaniola, while it was infested
by the buccaneers, and before the settlement, improvement, and
populousness of the French plantations ( which now extend round the coast
of almost the whole western half of the island) had given some value to
the cattle of the Spaniards, who still continue to possess, not only the
eastern part of the coast, but the whole inland mountainous part of the
country.
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