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The whole expense of maintaining the fixed capital must evidently

be excluded from the neat revenue of the society. Neither the

materials necessary for supporting their useful machines and

instruments of trade, their profitable buildings, etc. nor the

produce of the labour necessary for fashioning those materials

into the proper form, can ever make any part of it. The price of

that labour may indeed make a part of it; as the workmen so

employed may place the whole value of their wages in their stock

reserved for immediate consumption. But in other sorts of labour,

both the price and the produce go to this stock; the price to

that of the workmen, the produce to that of other people, whose

subsistence, conveniencies, and amusements, are augmented by the

labour of those workmen.