capital does not enable them to supply, will be got from others at a
distance, who cannot supply it on such favourable terms; consequently
they will be in the predicament of possessing a partial monopoly
--receiving for every thing a price regulated by a higher cost of
production than they are compelled to pay. They also, being in possession
of the market, will be enabled to make a large portion of the new capital
pass through their hands, and thus to earn wages of superintendance upon
it.

If, indeed, the place from whence the strangers came, previously traded
with that where they have taken up their abode, the effect of their
arrival is, that the exports of the town will diminish, and that it will
be supplied from abroad with something which it previously produced at
home. In this way an amount of capital will be set free equal to that
required, and there will be no increase on the whole. The removal of the
court from London to Birmingham would not necessarily, though it would
probably [6], increase the amount of capital in the latter place. The
afflux of money to Birmingham, and its efflux from London, would render
it cheaper to make some articles in London for Birmingham consumption;
and to make others in London for home consumption, which were formerly
brought from Birmingham.

But instead of Birmingham, an exporting town, suppose a village, or a
town which only produced and retailed for itself and its immediate
vicinity. The remittances must come thither in the shape of money; and
though the money would not remain, but would be sent away in exchange
for commodities, it would, however, first pass through the hands of the
producers and dealers in the place, and would by them be exported in
exchange for the articles which they require--viz. the materials, tools,
and subsistence necessary for the increased production now required of