Page:The wealth of nations, volume 1.djvu/253

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OF THE RENT OF LAND
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which they are paid in common vineyards. The whole quantity, therefore, can be disposed of to those who are willing to pay more, which necessarily raises the price above that of common wine. The difference is greater or less, according as the fashionableness and scarcity of the wine render the competition of the buyers more or less eager. Whatever it be, the greater part of it goes to the rent of the landlord. For though such vineyards are in general more carefully cultivated than most others, the high price of the wine seems to be, not so much the effect, as the cause of this careful cultivation. In so valuable a produce the loss occasioned by negligence is so great as to force even the most careless to attention. A small part of this high price, therefore, is sufficient to pay the wages of the extraordinary labor bestowed upon their cultivation, and the profits of the extraordinary stock which puts that labor into motion.

The sugar colonies possessed by the European nations in the West Indies may be compared to those precious vineyards. Their whole produce falls short of the effectual demand of Europe, and can be disposed of to those who are willing to give more than what is sufficient to pay the whole rent, profit and wages necessary for preparing and bringing it to market, according to the rate at which they are commonly paid by any other produce. In Cochin-China the finest white sugar generally sells for three piasters the quintal, about thirteen shillings and sixpence of our money, as we are told by Mr. Poivre,[1] a very careful observer of the agriculture of that country. What is there called the quintal weighs from a hundred and fifty to two

  1. Voyages d'un Philosophe.