wealbk01-第41部分
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the ancient mines of Peru; after the discovery of those of
Potosi。
The price of every metal at every mine; therefore; being
regulated in some measure by its price at the most fertile mine
in the world that is actually wrought; it can at the greater part
of mines do very little more than pay the expense of working; and
can seldom afford a very high rent to the landlord。 Rent;
accordingly; seems at the greater part of mines to have but a
small share in the price of the coarse; and a still smaller in
that of the precious metals。 Labour and profit make up the
greater part of both。
A sixth part of the gross produce may be reckoned the
average rent of the tin mines of Cornwall the most fertile that
are known in the world; as we are told by the Reverend Mr。
Borlace; vice…warden of the stannaries。 Some; he says; afford
more; and some do not afford so much。 A sixth part of the gross
produce is the rent; too; of several very fertile lead mines in
Scotland。
In the silver mines of Peru; we are told by Frezier and
Ulloa; the proprietor frequently exacts no other acknowledgment
from the undertaker of the mine; but that he will grind the ore
at his mill; paying him the ordinary multure or price of
grinding。 Till 1736; indeed; the tax of the King of Spain
amounted to one…fifth of the standard silver; which till then
might be considered as the real rent of the greater part of the
silver mines of Peru; the richest which have been known in the
world。 If there had been no tax this fifth would naturally have
belonged to the landlord; and many mines might have been wrought
which could not then be wrought; because they could not afford
this tax。 The tax of the Duke of Cornwall upon tin is supposed to
amount to more than five per cent or one…twentieth part of the
value; and whatever may be his proportion; it would naturally;
too; belong to the proprietor of the mine; if tin was duty free。
But if you add one…twentieth to one…sixth; you will find that the
whole average rent of the tin mines of Cornwall was to the whole
average rent of the silver mines of Peru as thirteen to twelve。
But the silver mines of Peru are not now able to pay even this
low rent; and the tax upon silver was; in 1736; reduced from
one…fifth to one…tenth。 Even this tax upon silver; too; gives
more temptation to smuggling than the tax of one…twentieth upon
tin; and smuggling must be much easier in the precious than in
the bulky commodity。 The tax of the King of Spain accordingly is
said to be very ill paid; and that of the Duke of Cornwall very
well。 Rent; therefore; it is probable; makes a greater part of
the price of tin at the most fertile tin mines than it does of
silver at the most fertile silver mines in the world。 After
replacing the stock employed in working those different mines;
together with its ordinary profits; the residue which remains to
the proprietor is greater; it seems; in the coarse than in the
precious metal。
Neither are the profits of the undertakers of silver mines
commonly very great in Peru。 The same most respectable and
well…informed authors acquaint us; that when any person
undertakes to work a new mine in Peru; he is universally looked
upon as a man destined to bankruptcy and ruin; and is upon that
account shunned and avoided by everybody。 Mining; it seems; is
considered there in the same light as here; as a lottery; in
which the prizes do not compensate the blanks; though the
greatness of some tempts many adventurers to throw away their
fortunes in such unprosperous projects。
As the sovereign; however; derives a considerable part of
his revenue from the produce of silver mines; the law in Peru
gives every possible encouragement to the discovery and working
of new ones。 Whoever discovers a new mine is entitled to measure
off two hundred and forty…six feet in length; according to what
he supposes to be the direction of the vein; and half as much in
breadth。 He becomes proprietor of this portion of the mine; and
can work it without paying any acknowledgment to the landlord。
The interest of the Duke of Cornwall has given occasion to a
regulation nearly of the same kind in that ancient duchy。 In
waste and unenclosed lands any person who discovers a tin mine
may mark its limits to a certain extent; which is called bounding
a mine。 The bounder becomes the real proprietor of the mine; and
may either work it himself; or give it in lease to another;
without the consent of the owner of the land; to whom; however; a
very small acknowledgment must be paid upon working it。 In both
regulations the sacred rights of private property are sacrificed
to the supposed interests of public revenue。
The same encouragement is given in Peru to the discovery and
working of new gold mines; and in gold the king's tax amounts
only to a twentieth part of the standard metal。 It was once a
fifth; and afterwards a tenth; as in silver; but it was found
that the work could not bear even the lowest of these two taxes。
If it is rare; however; say the same authors; Frezier and Ulloa;
to find a person who has made his fortune by a silver; it is
still much rarer to find one who has done so by a gold mine。 This
twentieth part seems to be the whole rent which is paid by the
greater part of the gold mines in Chili and Peru。 Gold; too; is
much more liable to be smuggled than even silver; not only on
account of the superior value of the metal in proportion to its
bulk; but on account of the peculiar way in which nature produces
it。 Silver is very seldom found virgin; but; like most other
metals; is generally mineralized with some other body; from which
it is impossible to separate it in such quantities as will pay
for the expense; but by a very laborious and tedious operation;
which cannot well be carried on but in workhouses erected for the
purpose; and therefore exposed to the inspection of the king's
officers。 Gold; on the contrary; is almost always found virgin。
It is sometimes found in pieces of some bulk; and even when mixed
in small and almost insensible particles with sand; earth; and
other extraneous bodies; it can be separated from them by a very
short and simple operation; which can be carried on in any
private house by anybody who is possessed of a small quantity of
mercury。 If the king's tax; therefore; is but ill paid upon
silver; it is likely to be much worse paid upon gold; and rent;
must make a much smaller part of the price of gold than even of
that of silver。
The lowest price at which the precious metals can be sold;
or the smallest quantity of other goods for which they can be
exchanged during any considerable time; is regulated by the same
principles which fix the lowest ordinary price of all other
goods。 The stock which must commonly be employed; the food; the
clothes; and lodging which must commonly be consumed in bringing
them from the mine to the market; determine it。 It must at least
be sufficient to replace that stock; with the ordinary profits。
Their highest price; however; seems not to be necessarily
determined by anything but the actual scarcity or plenty of those
metals themselves。 It is not determined by that of any other
commodity; in the same manner as the price of coals is by that of
wood; beyond which no scarcity can ever raise it。 Increase the
scarcity of gold to a certain degree; and the smallest bit of it
may become more precious than a diamond; and exchange for a
greater quantity of other goods。
The demand for those metals arises partly from their utility
and partly from their beauty。 If you except iron; they are more
useful than; perhaps; any other metal。 As they are less liable to
rust and impurity; they can more easily be kept clean; and the
utensils either of the table or the kitchen are often upon that
account more agreeable when made of them。 A silver boiler is more
cleanly than a lead; copper; or tin one; and the same quality
would render a gold boiler still better than a silver one。 Their
principal merit; however; arises from their beauty; which renders
them peculiarly fit for the ornaments of dress and furniture。 No
paint or dye can give so splendid a colour as gilding。 The merit
of their beauty is greatly enhanced by their scarcity。 With the
greater part of rich people; the chief enjoyment of riches
consists in the parade of riches; which in their eye is never so
complete as when they appear to possess those decisive marks of
opulence which nobody can possess but themselves。 In their eyes
the merit of an object which is in any degree either useful or
beautiful is greatly enhanced by its scarcity; or by the great
labour which it requires to collect any considerable quantity of
it; a labour which nobody can afford to pay but themselves。 Such
objects they are willing to purchase at a higher price than
things much more beautiful and useful; but more common。 These
qualities of utility; beauty; and scarcity; are the original
foundation of the high price of those metals; or of the great
quantity of other goods for which they can everywhere be
exchanged。 This value was antecedent to and independent of their
being employed as coin; and was the quality which fitted them for
that employment。 That employment; however; by occasioning a new
demand; and by diminishing the quantity which could be employed
in any other way; may have afterwards contributed to keep up or
increase their value。
The demand for the precious stones arises altogether from
their beauty。 They are of no use but as ornaments; and the merit
of their beauty is greatly enhanced by their scarcity; or by the
difficulty and expense of getting them from the mine。 Wages and
profit accordingly make up; upon most occasions; almost the whole
of their high price。 Rent comes in but for a very small share;
frequently for no share; and the most fertile mines only afford
any considerable rent。 When Tav