Manufacturers put up new machinery, merchants mi zaders erect new warehouses or new shco-fonts, the latter ten very expensive, ship-owners in spite of free trade build new sips. and omnibus proprietors start new arags, mi ʼn every sich case new capital is sunk. This is a point of eat preteni importance. Now, as a general met vle fund capital sunk in any particular business has been income made in that business. Ence nos f de ments are those of persons investing der ver prosperous trader or manicure cannce n'es is suis capital to so much advantage in my de vy s ʼn is :1 business. It thus happens that preus inde fadustry do, for the most part, tensei's jetez de agrāk by which they are exten tei.

From this will be seen the peentar fiffenity vir 10▼ obstructs the application of new Era I Can Drang the last war, the immense recus visch vert facumet man et the farmers to go on, year afera besting de wi savings in the land. This was the sea of de aquí sion which then took place. The engines rented lev capital for itself, as manufactes e icing as nomer Lancashire; and the men and the money heng gender, vide out cumbrous and costly formalities, new anges va But no one can suppose that age is of are yan generated new capital. The most prosperte dermere out not have been able to do much more than icui me goLLE, and for the great majority, their actual agri miss are in diminished since 1846, unless we are to suppose IK, THI dustry in previous years was as profulle e vizing,

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