Page:On the economy of machinery and manufactures - Babbage - 1846.djvu/262

228 dency to bring together purchasers or their agents from great distances, and thus to cause the institution of a public mart or exchange. This contributes to diffuse information relative to the supply of raw materials, and the state of demand for their produce, with which it is necessary manufacturers should be well acquainted. The very circumstance of collecting periodically, at one place, a large number both of those who supply the market and of those who require its produce, tends strongly to check the accidental fluctuations to which a small market is always subject, as well as to render the average of the prices much more uniform.

(280.) When capital has been invested in machinery, and in buildings for its accommodation, and when the inhabitants of the neighbourhood have acquired a knowledge of the modes of working at the machines, reasons of considerable weight are required to cause their removal. Such changes of position do however occur; and they have been alluded to by the Committee on the Fluctuation of Manufacturers' Employment, as one of the causes interfering most materially with an uniform rate of wages: it is therefore of particular importance to the workmen to be acquainted with the real causes which have driven manufactures from their ancient seats.