The Principles of Economics, with Applications to Practical ProblemsFetter, Frank A. (Frank Albert)
General
The Principles of Economics, with Applications to Practical Problems
Fetter, Frank A. (Frank Albert)
Economics
2. _Most of the qualities that contribute to make land fertile in
agriculture being destructible, the constant repair of tilled land is
necessary to its continued fertility._ If any things could be said to be
indestructible, they would be some of the works of nature. In a sense,
all matter is indestructible. Man cannot annihilate it, he can simply
change its condition. But in economic discussion it is the value of
things that is being considered, and from this point of view everything
is in some degree destructible. The effects of bad husbandry are
everywhere apparent, and in many regions fertile fields have been
physically and economically destroyed. In Asia, lands that once
supported millions, perhaps hundreds of millions, of population are now
deserts. Egypt, for a time reduced to a semi-desert condition, has only
in the past century been restored to a certain extent by the use of new
methods and a return to the old ones. Many of the areas that were the
granaries of Rome can now hardly support a sparse, half-starving
population. The lands, or at any rate, the elements that gave them
value, have been destroyed.
[Sidenote: Wearing out of some American lands]
Even in young America may be seen the effect of a failure to keep land
in repair. As the new rich lands of the West were opened up, the old
lands in the East were allowed to wear out, and many of them were
abandoned. On the new lands in turn the same methods were followed,
using up the first rich store of fertility with no attempt to keep up
the quality of the soil. This may have been the best policy for the
time; it would not have been economical to employ Old World methods of
intensive husbandry when such rich extensive areas were being opened up.
But the process was one destructive of natural resources. As settlement
moved westward, great forests fell in ashes, and the soil was robbed of
the fertile elements which it had taken centuries for nature to store
up.
[Sidenote: Wearing out of the parts the railroad]
3. _The machinery and appliances used in transportation and
manufacturing are all perishable in varying degrees._ Take as an example
the great agency for transportation, the railway. The roadbed, which is
but the natural soil excavated or filled to a better grade, is the most
permanent part; yet every frost weakens, every rain undermines, a
portion of it. Earthquake, landslide, and flood fill up the ditches, or
tear down the embankments. Constant work is needed to keep it fit and
safe for use. Above this is the track, slightly less permanent, more
frequently changed. The ties rot, and even the rails of steel must be at
times replaced. The rolling-stock is still less durable, and the
different parts vary in length of life. It is said that the wheel-tires
are renewed four times, the boiler three times, and the paint seven
times, before a locomotive is entirely worn out. The oil used in the
wheel, which is a necessary part of the running machine, has to be
applied every day.
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