An Inquiry Into the Nature and Causes of the Wealth of NationsSmith, Adam
General
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 these 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.
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