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 price of raw hides is a good deal lower at present than it was a few
years ago; owing probably to the taking off the duty upon seal skins, and
to the allowing, for a limited time, the importation of raw hides from
Ireland, and from the plantations, duty free, which was done in 1769. Take
the whole of the present century at an average, their real price has
probably been somewhat higher than it was in those ancient times. The
nature of the commodity renders it not quite so proper for being
transported to distant markets as wool. It suffers more by keeping. A
salted hide is reckoned inferior to a fresh one, and sells for a lower
price. This circumstance must necessarily have some tendency to sink the
price of raw hides produced in a country which does not manufacture them,
but is obliged to export them, and comparatively to raise that of those
produced in a country which does manufacture them. It must have some
tendency to sink their price in a barbarous, and to raise it in an
improved and manufacturing country. It must have had some tendency,
therefore, to sink it in ancient, and to raise it in modern times. Our
tanners, besides, have not been quite so successful as our clothiers, in
convincing the wisdom of the nation, that the safety of the commonwealth
depends upon the prosperity of their particular manufacture. They have
accordingly been much less favoured. The exportation of raw hides has,
indeed, been prohibited, and declared a nuisance; but their importation
from foreign countries has been subjected to a duty; and though this duty
has been taken off from those of Ireland and the plantations (for the
limited time of five years only), yet Ireland has not been confined to the
market of Great Britain for the sale of its surplus hides, or of those
which are not manufactured at home. The hides of common cattle have, but
within these few years, been put among the enumerated commodities which
the plantations can send nowhere but to the mother country; neither has
the commerce of Ireland been in this case oppressed hitherto, in order to
support the manufactures of Great Britain.
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account