23 Decr 1801

Maximum

Ulteriora

1

The application of capital to agriculture can not keep pace with the accumulation

of the aggregate mass of capital. It is kept back by circumstances /impediments/

that do not apply in equal degree, if in any degree, to manufactures. The

occupier of a farm below a certain size. So much land as is in small farms /in

farms below a certain size/ is /stands/ excluded from the possibility of

receiving improvement. He sets out with an insufficient capital. The advantages

attendant on operations conducted upon a large scale are great /prodigious/ not

only in manufactures but in agriculture. Where they are wanting to a certain

degree accumulation can not take place. The magnitude of the farm is such as

barely to afford sustenance for the occupier and his family. The produce, the

profit and saving of the | | /each/ manufactures encrease ad infinitum in

proportion to the encrease of the custom he has for his goods. No encrease of

custom will enable even the most opulent farmer to produce a greater quantity of

his goods than can grow upon the quantity of land he occupies. By accident he

may obtain another farm, which by accident may happen to be situated within /at/

a convenient distance, and by another accident may not be too large for the

superfluous capital he has been able to lay /has at his command/. It is in this

way the additions that can be made to the agricultural capital are made. But it

may be seen even by this slight and superficial sketch how slow and uncertain

the progress of accumulation must be in this track.