Investing · Western classics

Adam Smith:The Wealth of Nations, Book I, Chapter X, Paragraph 325

Adam Smith《The Wealth of Nations》· Book I, Chapter X · Investing

In Scotland, there is no general law which regulates universally the duration of apprenticeships. The term is different in different corporations. Where it is long, a part of it may generally be redeemed by paying a small fine. In most towns, too, a very small fine is sufficient to purchase the freedom of any corporation. The weavers of linen and hempen cloth, the principal manufactures of the country, as well as all other artificers subservient to them, wheel-makers, reel-makers, etc. may exercise their trades in any town-corporate without paying any fine. In all towns-corporate, all persons are free to sell butchers’ meat upon any lawful day of the week. Three years is, in Scotland, a common term of apprenticeship, even in some very nice trades; and, in general, I know of no country in Europe, in which corporation laws are so little oppressive.

Source: https://www.gutenberg.org/ebooks/3300
Locator:Book I, Chapter X, paragraph 325 · Verified:2026-10-19 · Verification:Exact match

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