ABSTRACT
The individual who buys raw cotton or raw silk, with the intention of manufacturing it into articles of dress or furniture, supposes that the article, when manufactured, will sell for a price sufficient to indemnify him for his expenses, and to leave him the customary profits on his capital. There is, however, a good deal of risk in an adventure of this sort: were the fashion to change while the articles are in preparation…; or, were new facilities given to the commerce with countries whence similar articles may be procedured, or any discovery made which facilitated their production, their price would certainly fall….
