revolution, affords a very striking elucidation of the argument in question.
The commerce of this country, internal as well as external, has certainly been rapidly advancing during the last century. The exchangeable value, in the market of Europe, of the annual produce of its land and labour, has, without doubt, increased very considerably. But, upon examination, it will be found, that the increase has been chiefly in the produce of labour, and not in the produce of land; and therefore, though the wealth of the nation has been advancing with a quick pace, the effectual funds for the maintenance of labour have been increasing very slowly; and the result is such as might be expected. The increasing wealth of the nation has had little or no tendency to better the condition of the
