that he saw it only, for a short time, a few days previous to its
publication.

It has been objected to me, that I have exposed too freely
the secrets of trade. The only real secrets of trade are
industry, integrity, and knowledge: to the possessors of these no
exposure can be injurious; and they never fail to produce respect
and wealth.

The alterations in the present edition are so frequent, that
I found it impossible to comprise them in a supplement. But the
three new chapters, 'On money as a medium of exchange'; 'On a new
system of manufacturing'; and 'On the effect of machinery in
reducing the demand for labour'; will shortly be printed
separately, for the use of the purchasers of the first edition.

I am inclined to attach some importance to the new system of
manufacturing; and venture to throw it out with the hope of its
receiving a full discussion among those who are most interested
in the subject. I believe that some such system of conducting
manufactories would greatly increase the productive powers of any
country adopting it; and that our own possesses much greater
facilities for its application than other countries, in the
greater intelligence and superior education of the working
classes. The system would naturally commence in some large town,
by the union of some of the most prudent and active workmen; and
their example, if successful, would be followed by others. The
small capitalist would next join them, and such factories would
go on increasing until competition compelled the large capitalist
to adopt the same system; and, ultimately, the whole faculties of