instead of furs for clothing. When this happens--and it will happen sooner or later, unless the remnant of the hunting Indians are extirpated by their poverty, which proceeds from their imperfect production--Europe must go without the brilliant variety of skins which we procure at the cost of so much labour, accompanied with so much wretchedness, because the labour is so unproductive to the labourers. When the ladies of London and Paris are compelled to wear boas of rabbits instead of sables, and when the hair of the beaver ceases to be employed in the manufacture of our hats, the wooded regions of Hudson's Bay will have been cleared--the fur-bearing animals will have perished--corn will be growing in the forest and the marsh--the inhabitants will be building houses instead of trapping foxes;--there will be appropriation and capital, profitable labour and comfort. Three hundred thousand mink and marten-skins will no longer be sent from those shores to London in one year; but Liverpool may send to those shores woven cottons and worsteds, pottery and tools, in exchange for products whose cultivation will have exterminated the minks and martens. [Illustration: Pine-Marten.] [9] The authorized version has _old_; the more correct translation is _fierce_. [10] A sort of great-coat. [11] Skins. CHAPTER IV. The Prodigal--Advantages of the poorest man in civilized life over the richest savage--Savings-banks, deposits, and interest--Progress of accumulation--Insecurity of capital, its causes and results--Property, its constituents--Accumulation of capital.