The government of towns corporate was altogether in the hands of traders and artificers, and it was the manifest interest of every particular class of them to prevent the market from being overstocked, as they commonly express it, with their own particular species of industry, which is in reality to keep it always understocked.Each class was eager to establish regulations proper for this purpose, and, provided it was allowed to do so, was willing to consent that every other class should do the same.In consequence of such regulations, indeed, each class was obliged to buy the goods they had occasion for from every other within the town, somewhat dearer than they otherwise might have done.But in recompense, they were enabled to sell their own just as much dearer; so that so far it was as broad as long, as they say; and in the dealings of the different classes within the town with one another, none of them were losers by these regulations.But in their dealings with the country they were all great gainers; and in these latter dealings consists the whole trade which supports and enriches every town.
Every town draws its whole subsistence, and all the materials of its industry, from the country.It pays for these chiefly in two ways: first, by sending back to the country a part of those materials wrought up and manufactured; in which case their price is augmented by the wages of the workmen, and the profits of their masters or immediate employers; secondly, by sending to it a part both of the rude and manufactured produce, either of other countries, or of distant parts of the same country, imported into the town; in which case, too, the original price of those goods is augmented by the wages of the carriers or sailors, and by the profits of the merchants who employ them.In what is gained upon the first of those two branches of commerce consists the advantage which the town makes by its manufactures;in what is gained upon the second, the advantage of its inland and foreign trade.The wages of the workmen, and the profits of their different employers, make up the whole of what is gained upon both.Whatever regulations, therefore, tend to increase those wages and profits beyond what they otherwise would be, tend to enable the town to purchase, with a smaller quantity of its labour, the produce of a greater quantity of the labour of the country.They give the traders and artificers in the town an advantage over the landlords, farmers, and labourers in the country, and break down that natural equality which would otherwise take place in the commerce which is carried on between them.The whole annual produce of the labour of the society is annually divided between those two different sets of people.By means of those regulations a greater share of it is given to the inhabitants of the town than would otherwise fall to them; and a less to those of the country.
The price which the town really pays for the provisions and materials annually imported into it is the quantity of manufactures and other goods annually exported from it.The dearer the latter are sold, the cheaper the former are bought.
The industry of the town becomes more, and that of the country less advantageous.
That the industry which is carried on in towns is, everywhere in Europe, more advantageous than that which is carried on in the country, without entering into any very nice computations, we may satisfy ourselves by one very ****** and obvious observation.In every country of Europe we find, at least, a hundred people who have acquired great fortunes from small beginnings by trade and manufactures, the industry which properly belongs to towns, for one who has done so by that which properly belongs to the country, the raising of rude produce by the improvement and cultivation of land.Industry, therefore, must be better rewarded, the wages of labour and the profits of stock must evidently be greater in the one situation than in the other.But stock and labour naturally seek the most advantageous employment.They naturally, therefore, resort as much as they can to the town, and desert the country.
The inhabitants of a town, being collected into one place, can easily combine together.The most insignificant trades carried on in towns have accordingly, in some place or other, been incorporated, and even where they have never been incorporated, yet the corporation spirit, the jealousy of strangers, the aversion to take apprentices, or to communicate the secret of their trade, generally prevail in them, and often teach them, by voluntary associations and agreements, to prevent that free competition which they cannot prohibit by bye-laws.The trades which employ but a small number of hands run most easily into such combinations.Half a dozen wool-combers, perhaps, are necessary to keep a thousand spinners and weavers at work.By combining not to take apprentices they can not only engross the employment, but reduce the whole manufacture into a sort of slavery to themselves, and raise the price of their labour much above what is due to the nature of their work.