should cause a partial stoppage in the flue of any of the boilers, it might without this daily check continue two or three weeks before it could be discovered by a falling off of the duty of the engine. In several of the mines a certain amount of duty is assigned to each engine; and if it does more, the proprietors give a premium to the engineers according to its amount. This is called million-money, and is a great stimulus to economy in working the engine.
(343.) Machinery for producing any commodity in great demand, seldom actually wears out; new improvements, by which the same operations can be executed either more quickly or better, generally superseding it long before that period arrives: indeed, to make such an improved machine profitable, it is usually reckoned that in five years it ought to have paid itself, and in ten to be superseded by a better.
"A cotton manufacturer," says one of the witnesses before a Committee of the House of Commons, "who left Manchester seven years ago, would be driven out of the market by the men who are now living in it, provided his knowledge had not kept pace with those who have been, during that time, constantly profiting by the progressive improvements that have taken place in that period."
(344.) The effect of improvements in machinery, seems incidentally to increase production, through a cause which may be thus explained. A manufacturer making the usual profit upon his capital, invested in looms or other machines in perfect condition, the market price of making each of which is a hundred pounds, invents some improvement. But this is of such a nature, that it cannot be adapted to his present engines. He finds upon calculation,
