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www.xsz.twtbelohatvalue.the
preteninationofthein,oprevent
theexportationofgoldandsilver,bykingequalquantitiesof
thosetalspassfreatersuinthelonythantheydidin
thetheruntry.ithatthepriceofall
goodsfrohetheruntryroseexactlyinproportionasthey
raisedthedenonationoftheirin,sothattheirgoldand
silveredasfastasever.
thepaperofeaentof
theprovincialtaxes,forthefullvalueforhadbeen
issued,itneeadditional
valueoverandabovetherealor
supposeddistanofitsfinaldischargeand
redetion.thisadditionalvalueerorless,ag
asthequantityofpaperissuedoreorlessaboveuld
beeloyedinthepayntofthetaxesoftheparticularlony
uchabove
uldbeeloyedinthisnner.
apriacertainproportionofhis
taxesshouldbepaidinapaperneyofacertainkindght
therebygiveaohoughthe
terfitsfinaldischargeaionshoulddepend
altogetherupontheheprihebankhissued
thispapere
beloployedinthishedend
fhtbesuiuorsell
forsooreithanthequantityofgoldor
silvercurrencyforepeopleatin
thisnnerforsterda
orforthesuperiorityofbankneyovercurrehough
thisbankney,astheypretend,otbetakenoutofthebank
attheheoerpartnbillsof
exgestbepaidinbahatis,byatransferin
thebooksofthebank;andthedirectorsofthebank,they
allege,arecarefultokeeptheoney
alandfor.itisupon
thisaiuor
bearsanagiooffourorfiveperenonalsubr >
ofthegoldandsilvercurrencyoftheuntry.thisatof
thebankofaterdahoer,isina
greatasurechirical.
apapercurrencyhevalueofgoldand
silveritherebysinkthevalueofthosetals,or
otoexaller
quantityofgoodsofanyotherkind.theproportiohe
valueofgoldandsilverandthatofgoodsofanyotherkind
dependsinallcasesnotupoureorquantityofany
particularpaperney,aybecurrentinanyparticular
untry,butupontheriines,h
happenatanypartiarketofthe
rcialetals.itdependsuponthe
proportiohequantityoflabourhisnecessaryin
ordertaarket,
andthatthitheracertain
quantityofanyothersoods.
ifbankersarerestrainedfrossuinganycirculatingbank
notes,ootespayabletothebearer,forlessthaain
suandiftheyaresubjediate
andunnditionalpayntofsuknotesassoonas
preseheirtradey,hsafetytothepublic,be
renderedinallotherrespectsperfectlyfree.thelate
ltiplicationofbankingpaniesinbothpartsoftheunited
kingdoabyanypeoplehavebeenchalard,
insteadofdinishing,increasesthesecurityofthepublic.it
obligesalloftheoberecircupetheirndud,
byendingtheircurrencybeyonditsdueproportionto
theirselvesagainstthoseliciousruns
aorsisalo
bringuporestrainsthecirculationofeachparticular
panyhinanarroheircirculating
oaslleuer.bydividingtheioninto
agreateuerofparts,thefailureofanyonepany,an
aeshappen,
beesoflessnsequehepublic.thisfreepetition,
too,obligesallbaobereliberalintheirdealings
ers,lesttheirrivalsshouldcarrytheway.
ingeneral,ifanybranchoftrade,oranydivisionoflabour,be
advaothepublic,thefreerandregehe
petition,itoreso.
chapteriii
oftheacculationofcapital,orofproductiveandunproductive
labour
thereisooflabourothevalueofthe
subjectupoohereisanotherhhasno
suer,asitproducesavalue,ybecalled
productive;thelatter,unproductivelabour.thusthelabourofa
nufaaterialsh
heaintenanasters
profit.thelabourofanialservant,orary,addsto
thevalueofnothing.thoughthenufacturerhashiswages
advanbyhisster,he,iy,stshio
expehevalueofthoseored,
togetherprovedvalueofthesubjectupon
aintenanenial
servantneverisrestored.angroployinga
ltitudeofnufacturers:hegroaintaininga
ltitudeofnialservants.thelabourofthelatter,however,
hasitsvalue,anddeservesitsrehatofthe
forr.butthelabourofthenufacturerfixesandrealizes
itselfinsopartiodity,h
lastsforsotiatleastafterthatlabourispast.itis,as
itainquantityoflabourstockedandstoreduptobe
eloyed,ifheroccasion.thatsubject,
orething,thepriceofthatsubject,
afterotionaquantityoflabour
equaltothat.thelabourofthe
nialservant,orary,doesnotfixorrealizeitself
inanypartiodity.hisservices
generallyperishintheveryinstantoftheirperfornd
seldoeaveanytraforhanequal
quantityofserviceuldafterured.
thelabourofsoofthestrespectableordersinthe
soenialservants,unproductiveofany
value,afixorrealizeits
...