Them  it  drives  out  of  the  market,  for
to  them  the  old  price  is  necessary  to-
wards profit.     Those  who  survive  the
shook,  are  the  workers  of  the  superior


Smith.    Part  III.
789


mines ;  these  cnuld  always  afford,  and
always  have  afforded,  the  iron  at  £7.
Then  what  became  of  the  differential
£3?  TAa/ was '  rent.  And  suppos-
ing them  to  hold  the  mines  on  a  lease,
it  will  not  make  the  case  at  all  better
to  cease  producing ;  nor  will  it  make
the  case  worse  to  produce  as  much  as
the  market  will  take;  the  evil  for
them  rests  not  upon  the  labour  or  the
profit,  but  upon  the  rent,  upon  the
lease ;  and  that  must  be  faced  at  any
rate,  whether  they  sell  iron  or  not.
