The important commercial and political effects attending such increased facility and speed in the transport of persons and goods, are too obvious to require any very extended notice here. A part of the price (and in many cases a considerable part) of every article of necessity or luxury, consists of the cost of transporting it from the producer to the consumer; and consequently every abatement or saving in this cost must produce a corresponding reduction in the price of every article transported; that is to say, of every thing which is necessary for the subsistence of the poor, or for the enjoyment of the rich—of every comfort, and of every luxury of life. The benefit of this will extend, not to the consumer only, but to the producer: by lowering the expense of transport of the produce, whether of the soil or of the loom, a less quantity of that produce will be spent in bringing the remainder to market, and consequently a greater surplus will reward the labour of the producer. The benefit of this will be felt even more by the agriculturist than by the manufacturer; because the proportional cost of transport of the produce of the soil is greater than that of manufactures. If two hundred quarters of corn be necessary to raise four hundred, and one hundred more be required to bring the four hundred to market, then the net surplus will be one hundred. But if by the use of steam carriages the same quantity can be brought to market with an expenditure of fifty quarters, then the net surplus will be increased from one hundred to one hundred and fifty quarters; and either the profit of the farmer, or the rent of the landlord, must be increased by the same amount. But the agriculturist would not merely be benefited by an increased return from the soil already under cultivation. Any [Pg332] reduction in the cost of transporting the produce to market would call into cultivation tracts of inferior fertility, the returns from which would not at present repay the cost of cultivation and transport. Thus land would become productive which is now waste, and an effect would be produced equivalent to adding so much fertile soil to the present extent of the country. It is well known, that land of a given degree of fertility will yield increased produce by the increased application of capital and labour. By a reduction in the cost of transport, a saving will be made which may enable the agriculturist to apply to tracts already under cultivation the capital thus saved, and thereby increase their actual production. Not only, therefore, would such an effect be attended with an increased extent of cultivated land, but also with an increased degree of cultivation in that which is already productive.