The Distribution of the Produce

Cover The Distribution of the Produce
The Distribution of the Produce
James Carmichael Smith
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H. MALLOCK, in the Fortnightly Review for December, 1887.
32 The Distribution of the Produce.
of a thing cannot both increase and decrease at the same time, therefore value must be a mere relation or accident of a thing as regards other things and persons needing them. " * But Ralph Waldo Emerson has somewhere said, " In nature there are no false valuations. A pound of water in the ocean tempest has no more gravity than in a midsummer pond ; " and the present writer will add, neither has it any
... more gravity in 1889 A. D. Than it had in 1889 B. C.
Although accepting the facts stated by the learned professor, yet the conclusion that value is an "accident" cannot be accepted ; we must still affirm with Emerson, that " in nature there are no false valuations. " Let us suppose that three chronometers A, B, and C are adjusted and placed in suitable positions in the Royal Observatory at Greenwich, or in the Republican Observatory at Washington, and kept regularly going for a period of three calendar months, and at the expiration of that period, it is found that the chrono- meter B has lost 10" in time as compared with the chronometer A, but that it has gained 10" in time as compared with the chronometer C.


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