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of the poor through a great part of England cannot surely be so

much distressed by any rise in the price of poultry�察�fish��

wild´fowl�察�or venison�察�as they must be relieved by the fall in

that of potatoes。

     In the present season of scarcity the high price of corn no

doubt distresses the poor。 But in times of moderate plenty�察�when

corn is at its ordinary or average price�察�the natural rise in the

price of any other sort of rude produce cannot much affect them。

They suffer more�察�perhaps�察�by the artificial rise which has been

occasioned by taxes in the price of some manufactured

commodities�察�as of salt�察�soap�察�leather�察�candles�察�malt�察�beer�察�and

ale�察�etc。 

        EFFECTS OF THE PROGRESS OF IMPROVEMENT UPON THE REAL

                      PRICE OF MANUFACTURES 

     It is the natural effect of improvement�察�however�察�to

diminish gradually the real price of almost all manufactures。

That of the manufacturing workmanship diminishes�察�perhaps�察�in all

of them without exception。 In consequence of better machinery�察�of

greater dexterity�察�and of a more proper division and distribution

of work�察�all of which are the natural effects of improvement�察�a

much smaller quantity of labour becomes requisite for executing

any particular piece of work�察�and though�察�in consequence of the

flourishing circumstances of the society�察�the real price of

labour should rise very considerably�察�yet the great diminution of

the quantity will generally much more than compensate the

greatest rise which can happen in the price。

     There are�察�indeed�察�a few manufactures in which the necessary

rise in the real price of the rude materials will more than

compensate all the advantages which improvement can introduce

into the execution of the work。 In carpenters' and joiners' work��

and in the coarser sort of cabinet work�察�the necessary rise in

the real price of barren timber�察�in consequence of the

improvement of land�察�will more than compensate all the advantages

which can be derived from the best machinery�察�the greatest

dexterity�察�and the most proper division and distribution of work。

     But in all cases in which the real price of the rude

materials either does not rise at all�察�or does not rise very

much�察�that of the manufactured commodity sinks very considerably。

     This diminution of price has�察�in the course of the present

and preceding century�察�been most remarkable in those manufactures

of which the materials are the coarser metals。 A better movement

of a watch�察�that about the middle of the last century could have

been bought for twenty pounds�察�may now perhaps be had for twenty

shillings。 In the work of cutiers and locksmiths�察�in all the toys

which are made of the coarser metals�察�and in all those goods

which are commonly known by the name of Birmingham and Sheffield

ware�察�there has been�察�during the same period�察�a very great

reduction of price�察�though not altogether so great as in

watch´work。 It has�察�however�察�been sufficient to astonish the

workmen of every other part of Europe�察�who in many cases

acknowledge that they can produce no work of equal goodness for

double�察�or even for triple the price。 There are perhaps no

manufactures in which the division of labour can be carried

further�察�or in which the machinery employed admits of a greater

variety of improvements�察�than those of which the materials are

the coarser metals。

     In the clothing manufacture there has�察�during the same

period�察�been no such sensible reduction of price。 The price of

superfine cloth�察�I have been assured�察�on the contrary�察�has��

within these five´and´twenty or thirty years�察�risen somewhat in

proportion to its quality�察�owing�察�it was said�察�to a considerable

rise in the price of the material�察�which consists altogether of

Spanish wool。 That of the Yorkshire cloth�察�which is made

altogether of English wool�察�is said indeed�察�during the course of

the present century�察�to have fallen a good deal in proportion to

its quality。 Quality�察�however�察�is so very disputable a matter

that I look upon all information of this kind as somewhat

uncertain。 In the clothing manufacture�察�the division of labour is

nearly the same now as it was a century ago�察�and the machinery

employed is not very different。 There may�察�however�察�have been

some small improvements in both�察�which may have occasioned some

reduction of price。

     But the reduction will appear much more sensible and

undeniable if we compare the price of this manufacture in the

present times with what it was in a much remoter period�察�towards

the end of the fifteenth century�察�when the labour was probably

much less subdivided�察�and the machinery employed much more

imperfect�察�than it is at present。

     In 1487�察�being the 4th of Henry VII�察�it was enacted that

;whosoever shall sell by retail a broad yard of the finest

scarlet grained�察�or of other grained cloth of the finest making��

above sixteen shillings�察�shall forfeit forty shillings for every

yard so sold。; Sixteen shillings�察�therefore�察�containing about the

same quantity of silver as four´and´twenty shillings of our

present money�察�was�察�at that time�察�reckoned not an unreasonable

price for a yard of the finest cloth�察�and as this is a sumptuary

law�察�such cloth�察�it is probable�察�had usually been sold somewhat

dearer。 A guinea may be reckoned the highest price in the present

times。 Even though the quality of the cloths�察�therefore�察�should

be supposed equal�察�and that of the present times is most probably

much superior�察�yet�察�even upon this supposition�察�the money price

of the finest cloth appears to have been considerably reduced

since the end of the fifteenth century。 But its real price has

been much more reduced。 Six shillings and eightpence was then��

and long afterwards�察�reckoned the average price of a quarter of

wheat。 Sixteen shillings�察�therefore�察�was the price of two

quarters and more than three bushels of wheat。 Valuing a quarter

of wheat in the present times at eight´and´twenty shillings�察�the

real price of a yard of fine cloth must�察�in those times�察�have

been equal to at least three pounds six shillings and sixpence of

our present money。 The man who bought it must have parted with

the command of a quantity of labour and subsistence equal to what

that sum would purchase in the present times。

     The reduction in the real price of the coarse manufacture��

though considerable�察�has not been so great as in that of the

fine。

     In 1643�察�being the 3rd of Edward IV�察�it was enacted that ;no

servant in husbandry�察�nor common labourer�察�nor servant to any

artificer inhabiting out of a city or burgh shall use or wear in

their clothing any cloth above two shillings the broad yard。; In

the 3rd of Edward IV�察�two shillings contained very nearly the

same quantity of silver as four of our present money。 But the

Yorkshire cloth which is now sold at four shillings the yard is

probably much superior to any that was then made for the wearing

of the very poorest order of common servants。 Even the money

price of their clothing�察�therefore�察�may�察�in proportion to the

quality�察�be somewhat cheaper in the present than it was in those

ancient times。 The real price is certainly a good deal cheaper。

Tenpence was then reckoned what is called the moderate and

reasonable price of a bushel of wheat。 Two shillings�察�therefore��

was the price of two bushels and near two pecks of wheat�察�which

in the present times�察�at three shillings and sixpence the bushel��

would be worth eight shillings and ninepence。 For a yard of this

cloth the poor servant must have parted with the power of

purchasing a quantity of subsistence equal to what eight

shillings and ninepence would purchase in the present times。 This

is a sumptuary law too�察�restraining the luxury and extravagance

of the poor。 Their clothing�察�therefore�察�had commonly been much

more expensive。

     The same order of people are�察�by the same law�察�prohibited

from wearing hose�察�of which the price should exceed fourteenpence

the pair�察�equal to about e

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