or charges of professional persons—of physicians, surgeons, barristers, and even attorneys.
Chapter V. Of Profits.
§ 1. Profits include Interest and Risk; but, correctly speaking, do not include Wages of Superintendence.
Having treated of the laborer's share of the produce, we next proceed to the share of the capitalist; the profits of capital or stock; the gains of the person who advances the expenses of production—who, from funds in his possession, pays the wages of the laborers, or supports them during the work; who supplies the requisite buildings, materials, and tools or machinery; and to whom, by the usual terms of the contract, the produce belongs, to be disposed of at his pleasure. After indemnifying him for his outlay, there commonly remains a surplus, which is his profit; the net income from his capital [and skill]; the amount which he can afford to expend in necessaries or pleasures, or from which by further saving he can add to his wealth.
As the wages of the laborer are the remuneration of labor, so [a part of] the profits of the capitalist are