Book · An Inquiry into the Wealth of Nations
Page 637 of 2651
Author: Adam Smith
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In countries ill cultivated, and therefore but thinly inhabited,
the price of the wool and the hide bears always a much greater
proportion to that of the whole beast, than in countries where,
improvement and population being further advanced, there is more
demand for butcher's meat. Mr Hume observes, that in the Saxon
times, the fleece was estimated at two-fifths of the value of the
whole sheep and that this was much above the proportion of its
present estimation. In some provinces of Spain, I have been
assured, the sheep is frequently killed merely for the sake of
the fleece and the tallow. The carcase is often left to rot upon
the ground, or to be devoured by beasts and birds of prey. If
this sometimes happens even in Spain, it happens almost
constantly in Chili, at Buenos Ayres, and in many other parts of
Spanish America, where the horned cattle are almost constantly
killed merely for the sake of the hide and the tallow.
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