The slave trade, domestic and foreign - Why It Exists, and How It May Be Extinguished by H. C. (Henry Charles) Carey
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page 57 of 582 (09%)
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one, yet the process doubles the return for each acre of fifty. The
man who needs a little fuel for his own use, expends much labour in opening the neighbouring vein of coal; but to enlarge this, so as to double the product, is a work of comparatively small labour. To sink a shaft to the first vein below the surface, and erect a steam-engine, are expensive operations; but these once accomplished, every future step becomes more productive, while less costly. To sink to the next vein below, and to tunnel to another, are trifles in comparison with the first, yet each furnishes a return equally large. The first line of railroad runs by houses and towns occupied by two or three hundred thousand persons. Half a dozen little branches, costing together far less labour than the first, bring into connection with it half a million, or perhaps a million. The trade increases, and a second track, a third, or a fourth, may be required. The original one facilitates the passage of the materials and the removal of the obstructions, and three new ones may now be made with less labour than was at first required for a single one. All labour thus expended in fashioning the great machine is but the prelude to the application of further labour, with still increased returns. With each such application, wages rise, and hence it is that portions of the machine, as it exists, invariably exchange, when brought to market, for far less labour than they have cost. There is thus a steady decline of the value of capital in labour, and a daily increase in the power of labour over capital, and with each step in this direction man becomes more free. The man who cultivated the thin soils was happy to obtain a hundred bushels for his year's work. With the progress of himself and his neighbour down the hill into the more fertile soils, wages have risen, and two hundred bushels are now required. His farm will yield a thousand bushels; but it requires the |
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