If, on the contrary, the quantity brought to market should at any time fall short of the effectual demand, some of the component parts of its price must rise above their natural rate. If it is rent, the interest of all other landlords will naturally prompt them to prepare more land for the raising of this commodity; if it is wages or profit, the interest of all other labourers and dealers will soon prompt them to employ more labour and stock in preparing and bringing it to market. The quantity brought thither will soon be sufficient to supply the effectual demand. All the different parts of its price will soon sink to their natural rate, and the whole price to its natural price.
This is something of a commentary upon the truth that war breeds war, that every battle sows the seeds of future battles, and that thus nations become traditional enemies. The experience of American boys is that of…
This is something of a commentary upon the truth that war breeds war, that every battle sows the seeds of future battles, and that thus nations become traditional enemies. The experience of American boys is that of…
From about the middle of the fourteenth to the beginning of the sixteenth century, what was reckoned the reasonable and moderate, that is, the ordinary or average price of wheat, seems to have sunk gradually to about one half of this price; so as at last to have fallen to about two ounces of silver, Tower weight, equal to about ten shillings of our present money. It continued to be estimated at this price till about 1570.
This is something of a commentary upon the truth that war breeds war, that every battle sows the seeds of future battles, and that thus nations become traditional enemies. The experience of American boys is that of…
The Pittsburgh newspapers had each been in the habit of sending a reporter to the office to transcribe the press dispatches. Later on one man was appointed for all the papers and he suggested that multiple copies…
Another step which exercised a decided influence over me was joining the "Webster Literary Society" along with my companions, the trusty five already named. We formed a select circle and stuck closely together. This was quite an advantage for all of us. We had before this formed a small debating club which met in Mr. Phipps's father's room in which his few journeymen shoemakers worked during the day. Tom Miller recently alleged that I once spoke nearly an hour and a half upon the question, "Should the judiciary be elected by the people?" but we must mercifully assume his memory to be at fault. The "Webster" was then the foremost club in the city and proud were we to be thought fit for membership. We had merely been preparing ourselves in the cobbler's room.