the other hand, tends to increase the quantity produced, and to lead to the establishment of large factories. An illustration of these principles may be found in the history of the manufacture of patent net.
The first machines for weaving this article were very expensive, costing from a thousand to twelve or thirteen hundred pounds. The possessor of one of these, though it greatly increased the quantity he could produce, was nevertheless unable, when working eight hours a day, to compete with the old methods. This arose from the large capital invested in the machinery; but he quickly perceived that with the same expense of fixed capital, and a small addition to his circulating capital, he could work the machine during the whole twenty-four hours. The profits thus realized soon induced other persons to direct their attention to the improvement of those machines; and the price was greatly reduced, at the same time that the rapidity of production of the patent net was increased. But if machines be kept working through the twenty-four hours, it is necessary that some person shall attend to admit the workmen at the time they relieve each other; and whether the porter or other servant so employed admit one person or twenty, his rest will be equally disturbed. It will also be necessary occasionally to adjust or repair the machine; and this can be done much better by a workman accustomed to machine-making, than by the person who uses it. Now, since the good performance and the duration of machines depend to a very great extent upon correcting every shake or imperfection in their parts as soon as they appear, the prompt attention of a workman resident on the spot will
