I79i» irxERARY i>rTErxicENCER. 307 



bufinefs that was more precarious. Hence it ever muft 

 liappen, thnt in maniifaftures thus circumltanced, larger 

 capitals will' be employed, great.,T ingenuity will be 

 exerted, more permanent ertablifhments will be adopted 

 than in thofe that are lefs fteady. In this manner, the 

 aftnal prime coft to the mannfadiircr will be confidera- 

 bl}' diminilhed ; and as the owner will be at the fame 

 time induced to be content with a fmaller rate of pro- 

 lit than he otherwile xvould have required, it mull 

 happen that from a concurrence of both caufes, the 

 price of the commodity at market, tiy a general com- 

 petition of many individuals, will be reduced to the very 

 lowefl: rate for which it can be afforded. 



Apply tiiis dodrine to agriculture, and it will appear 

 thr.t a bounty on exportation, in a country fituated like 

 Britain, ought to tend in a powerful manner to mode- 

 rat.J, upon the whole, the price of grain- — By means 

 of that bounty, a more fteady market, in years of plen- 

 ty, is provided for corn on the fea-*coafts, than could 

 otherwife be obtained for it ; and, of courfe, farmess 

 are never afraid of overftocking the market, or of ever 

 fpending a thought, how they may diminil^i their pro- 

 duce, fo as not to over-fupply the demand. — Their 

 v/hole atrention and care, therefore, v.'ill be applied to- 

 wards the augmenting the quantity of their produce, 

 and diminifhing the expence of obtaining it. 



From this confideration alone, the beneficial effedts 

 of a bounty muft be apparent to any. conliderate mind, 

 even from recJbning only. — But the truth of this rea- 

 foning is ftill more abundantly confirmed by well-known 

 facls, the o.".ly fare criterion of truth in matters of this 

 fort. 



Norfolk and Suffolk are the principal places from 

 whence grain has been exported from Britain under the 

 influence of the bounty. — If that bounty tended to raife 

 tlie price of grain upoji the whole, as thofe whodifapprove 

 of it contend, it ought necefflirily to happen that the ^« 

 verage prices in thefe countries ought to be higl^^jf 



