The next day being fair, we continu'd our march, and arriv'd at the desolated Gnadenhut. There was a saw-mill near, round which were left several piles of boards, with which we soon hutted ourselves; an operation the…
The next day being fair, we continu'd our march, and arriv'd at the desolated Gnadenhut. There was a saw-mill near, round which were left several piles of boards, with which we soon hutted ourselves; an operation the…
Adam Smith:The Wealth of Nations, Book I, Chapter VII, Paragraph 161
Adam Smith《The Wealth of Nations》· Book I, Chapter VII · Investing
The occasional and temporary fluctuations in the market price of any commodity fall chiefly upon those parts of its price which resolve themselves into wages and profit. That part which resolves itself into rent is less affected by them. A rent certain in money is not in the least affected by them, either in its rate or in its value. A rent which consists either in a certain proportion, or in a certain quantity, of the rude produce, is no doubt affected in its yearly value by all the occasional and temporary fluctuations in the market price of that rude produce; but it is seldom affected by them in its yearly rate. In settling the terms of the lease, the landlord and farmer endeavour, according to their best judgment, to adjust that rate, not to the temporary and occasional, but to the average and ordinary price of the produce.
The next day being fair, we continu'd our march, and arriv'd at the desolated Gnadenhut. There was a saw-mill near, round which were left several piles of boards, with which we soon hutted ourselves; an operation the…
I should have mentioned before, that, in the autumn of the preceding year, I had form'd most of my ingenious acquaintance into a club of mutual improvement, which we called the Junto; we met on Friday evenings. The…
Benjamin Franklin:The Autobiography of Benjamin Franklin, Excerpt 17
Benjamin Franklin《The Autobiography of Benjamin Franklin》· The Autobiography of Benjamin Franklin · Leadership
Ralph, though married, and having one child, had determined to accompany me in this voyage. It was thought he intended to establish a correspondence, and obtain goods to sell on commission; but I found afterwards, that, thro' some discontent with his wife's relations, he purposed to leave her on their hands, and never return again. Having taken leave of my friends, and interchang'd some promises with Miss Read, I left Philadelphia in the ship, which anchor'd at Newcastle. The governor was there; but when I went to his lodging, the secretary came to me from him with the civillest message in the world, that he could not then see me, being engaged in business of the utmost importance, but should send the letters to me on board, wish'd me heartily a good voyage and a speedy return, etc. I returned on board a little puzzled, but still not doubting.