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Chapter I. Influence Of The Progress Of Industry And Population On Values And Prices.

population increases there will be an increased demand for dairy-products, eggs, small fruits, fresh vegetables, milk, etc., and thereby it becomes more profitable to employ land near populous centers for such perishable products than for the products of large farming. Almost every one, who knows the high prices of butter, eggs, and vegetables in large cities as compared with their prices in country districts, is familiar with the phenomena which illustrate this principle. Moreover, as a denser population settles on our Western prairies, now given over to ranches and vast pasturing-grounds for cattle—since cattle in general require a large extent of land—the cost of meat will rise. The prices of perishable articles, therefore, will rise without any limit except that set by increasing numbers, and can not be kept down by the force of competition from other distant places, as is the case with such easily transportable things as timber and wool. What has been said of the transportableness of meat, however, is to be modified somewhat by the introduction of improved processes of transporting meat in refrigerator-cars; but there still exist commodities of which meat was only taken as a type.

No tendency of a like kind exists with respect to manufactured articles. The tendency is in the contrary direction. The larger the scale on which manufacturing operations are carried on, the more cheaply they can in general be performed. As manufactures, however, depend for their materials either upon agriculture, or mining, or the spontaneous produce of the earth, manufacturing industry is subject, in respect of one of its essentials, to the same law as agriculture. But the crude material generally forms so small a portion of the total cost that any tendency which may exist to a progressive increase in that single item is much overbalanced by the diminution continually taking place in all the

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