...induftry gain life ; the merchant becomes more enterprifmg, the manufafturer more diligent and fkilful, and even the farmer follows his plough with greater alacrity and attention. This is not eafily to be accounted for, if we confider only the influence which a greater abundance...

...induftry gain life ; tha merchant becomes more enterprifing, tha manufacturer more diligent and Ikillful, and even the farmer follows his plough with greater alacrity and attention. This is not eafily to be accounted for, it' wa conlidcr only the influence which a greater abundance...

...and silver is favourable to industry*," It * Mr. Hujtne, in observing that. when money encreases, *' the price " rises first of one commodity, then of another, till the whole, at last, ** reaches a just proportion with the new quantity of specie which it *' in the kingdom,''...

...into which money ' begins to flow in greater abundance than formerly, everything ' takes a new face : the merchant becomes more enterprising, ' the manufacturer...follows his plough with greater alacrity and attention.' Should an inattentive reader ask, in objection, ' Why, then, the ' present depressed state of trade...

...that, in every kingdom, into which money begins to flow in greater abundance than formerly, every thing takes a new face ; labour and industry gain life ;...follows his plough with greater alacrity and attention. This is not easily to be acounted for, if we consider only the influence which a greater abundance...

...(and we may presume an increase of paper to have exactly the same effect), " At first," he says, " no alteration " is perceived; by degrees the price...one " commodity, then of another, till the whole, at last, " reaches a just proportion with the new quantity of " specie which is in the kingdom. In...

...that, in every kingdom, into which money begins to flow in greater abundance than formerly, every thing takes a new face : labour and industry gain life;...follows his plough with greater alacrity and attention. This is not easily to be accounted for, if we consider only the influence which a greater abundance...

...immediately on that increase, but some time is required before the money circulates through the whole state. At first, no alteration is perceived : by degrees...price rises, first of one commodity, then of another; tillthe whole at last reaches a just proportion with the nt.vv quantity of specie in the kingdom. In...

...every kingdom into which money begins to flow in greater abun\ / dance than formerly, every tiling takes a new face : labour and industry gain life —...follows his plough with greater alacrity and attention. On the other hand, when gold and silver are diminishing, the workman has not the same employment from...

...other hand, (he says,) into which money begins to ßow in greater abundance than formerly, every thing takes a new face ; labour and industry gain life ;...follows his plough with greater alacrity and attention." As to the 'second consequence, it would distressingly change the value of all things, as I shall proceed...