The enquirer. [volume] (Richmond, Va.) 1804-1815, 1804-08-01

ouS winch are not yet entirely Coniuiied.
The whole itock of mere dwelhng-houies too fubiG-
ing a, any time in the country, make = part of
tins hrt portion. The hock that laid out il, houle
mt is to be the dwelling -houfe of the proprietor
ceaie' from that moment to terve III the function
OF capital ;or to afford any revenue to its own
err ~ dwelling-hCule, rs fuch, contributes no.
thing to the Of its nfabitant and though !,
u.s. no doubt, extremely ueful him. it MS cloaths
aud houiehold furniture are uieiul to him. which
however, make part OF his expencc, and not of his
revenue IL II Is to be lett to tenant FOR rent, the
houie itlel can produce nothing, the muir al
ways pay the of ome other revenue which he
derives either from abour flock, or land. Though
houie, therefore, may yield revenue to its proprs-
tor and thereby ierve i'll the function of capal to
him, 1t cannot yield any to the pubcf nor ferve in
the junction OF capital to it. and the revenue OF the
whoe BODY OF the people be in the fillaeG
degree inoreaied byit. Cloaths and honlehold fur
nture, IN the fame manner, omemes yield revenue,
ana thereby ierve in the function of capital parti-
| GUAR Perions In countries where mafquerades are
common it is trade let out naquerade dreles for
| night UpholRerers frequently lett furniture by
the month or By the year. Undertakers lett the fur
niture OF funerals by the day and by the week Ma
ny people lett urnhed houies, and get rent. not on
y Tor the ue of the houfe but for that of the fur
ture. The revenue, however, which is derived from,
iuch things, mutt always be ultimately drawn from
lone other fource Of revenue. OF all parts OF the
ltock, either OF an individual OF iociety, referved
Tor immediate coniumpton, whar laid out in houics
is mott towly continued. A Rock Of coaths may laR
ieveral years flock of furniture half century or
century but iock of houes, well built and proper
~ taken care OF, may lat mary centuries. Though
the period of their total conlumption however is more
otant, they are fill really flock referved for i'm
mediate eoniumption either cloaths or houfchold
, furniture.
The iecond of the three portions into which the ge-
neral iock OF the fociety divides tle is the fixed ca
7 N nIx al q
revenue or profit without circulating changing
matters 1t ccnlRS chiefly OF the four following art-
cles
FIRST all ufcful machines and infruments of
trade which facilitate and abridge labour
SECONDLY, of all thole profitable buildings which
are the means of procuring revenue, only their
proprietor who let's them for rent but to the peron
who Poiees them and pays that rent for them; fnch
as ihops, WAREHOUSES workhoufes, farnhoulc with all
Their neceiiary buildings fables, granaries, &c
heis are very different from mere dwelling houfes
They are fort of infruments of trade, and may be
conblered i'll the fame LIGHT
Thirdly, OF the Improvements of land, Of what
has been prohtably laid in clearing, draining en-
eiong, manurne, and reducing into the condition
mott proper tor tllage and culture An improved
farm may very nty be regarded in the fame light as
thoie ueful machines which facilitate and abrdge Ia
bour ard by means of which, equal circulating ca
PtaI can afford much greater its employ
Ni' AN improved 4dTm is equally advantageous and
more durable than any of thole machines, frequently
requiring no other repairs than the mott profitable APP
Pcaton OF the farmers capital employed in cultivate
Ing it:
FouRrHLy, the acquired and ufeful abilities of
all the inhabitants members of the Society The
aequuition otuoh talents, by the maintenance of the
acqurer during his education, Rudy apprenticeship,
always colts real expence which is capital fixed and
realized as 1t were, IN his perion. Thole talents as
they may make part of his fortune, 70 do they like
wife OF that of the iocety which he belongs The
improved dexterity of a workman may be coniidered
IN the lame light a machine initrument of trade
winch facilitates and abrdgelah and whichthoug
1t colts certain expenee, rePays that expenoe with
profit.
The third and ah of tho three portions into which
the general flock of the focety naturally divides tief
IS the circulating capital Of which the characeriick
Is, thar 1t affords revenue only by Circulating or
changing matters. 1t is compelled Iikewife of four
parts
FIRST, Of the money by means of which all the O.
Their three circulated and attributed to their pro-
per containers
SECONDLY, of the focl ofprovifons which are in
the Poieion ofthe butcher the grazier, the farmer
the corn-ieTchant, the brewer, &c. and from the
Tale OF which they expect to derive a profit:
THIRDLY, of the materials whether altogether
rude, or more or les manufactured of cloaths furni
ture, and building, which yet made I'D into anv
OF thoe three haPes but which remain in the hands Of
the growers, the manufacturers the MERGERS and dra
Pers, the tmbermerchants the carpenters and oners
the hrick-nalers, &c.
FovRTHLY, and laaly, ofthe work which is made
uP and complicated but which fill in the hands of
the merchant or manufacturer, and not yet dpofed of
o. dhtrbuted to the proper coniumers fch rs the f.
niihed work which we frequently find ready-made in
the Hops OF the nith, the cabine-maker the gold
ninth, the Jeweler the china-merchan &C. The cir
cuatng capital conts in this manner Of the provii-
ons, materials, and fnihed work of all kinds that are
IN the hands of their REFLECTIVE Dealers and of the mo
ney that IS necehary for circulating and Distributing
them to thoie who finally to ue, or to conlume
them.
Or hele four parts three, proyiiions, materials, &
hnlined work, are, either annually or IN longer or
horer period regularly withdrawn from it, and plac-
ed either IN the fixed capital in the ftock releryed
for immediate confumpton
Every fixed capital is both originally derived FROM
and requires to be continually luppored by circuat-
ing capital. All ufeiul machines and inhruments of
trade are originally derived from circulating capital
which iurniihe the materials of which they are made
and the maintenance Of the worn,en who make them
They require too capital Of the fame kind To keep
them i'll conitant repair.
No fixed capital can yield any revenue but bv means
OF circulating capital The mott ufeful machines and
nruheDs Of trade will produce nothing without the
Circulating capital which affords the materials they are
employed upon, and the maintenance OF the wori,nen
who employed them. Land, however improved, will