A Discourse on Trade, and Other Matters Relative to itCary, John
History
A Discourse on Trade, and Other Matters Relative to it
Cary, John
Great Britain -- Commerce -- Early works to 1800; Great Britain -- Commercial policy -- Early works to 1800
3. Let the Plate of Orphans be brought into the Mint, which will tend to
their Advantage as well as to the Nations, whereas now great Quantities
lie dead, and grow out of Fashion before they come to use it, which will
by this Means be turned into ready Money, and being put into the Bank,
the Interest thereof may be employ’d for their better Maintenance, and
the Trade of the Nation will also receive a Benefit thereby: If it be
objected, that ’tis now sold to Goldsmiths, I think this make the
Argument for sending it to the Mint much stronger, because it is much
better that it were turn’d into the Coin of the Kingdom, then disposed
of in any other Way.
As for Gold, there is no need to give Encouragement to bring it to the
Mint, ’tis only a Commodity, and not the Standard, as Silver is;
besides, ’tis generally worth more here than in any other Country; and
’tis apparent from the great Quantity thereof which is coined yearly
more than of Silver, that it is every one’s Interest to send it thither.
[Sidenote: By discouraging Stock-jobbing.]
8. By discouraging Stock-jobbing: This hath been the Bane of many good
Designs, which began well, and might have been carryed on to Advantage,
if the Promoters had not fallen off by selling their Parts, and slighted
the first Design, winding themselves out with Advantage, and leaving the
Management to those they had decoyed in, who understood nothing of the
Business, whereby all fell to the Ground; which may be prevented (I mean,
so far as concerns incorporated Stocks) by Laws framed for that end, or
by Clauses in their Charters.
[Sidenote: By preventing the Exportation of Wool.]
9. By strengthening the Laws against the Exportation of Wool, by such
Practicable methods as may prevent its being done: For seeing the Nations
Interest so much depends thereon, no Care can be too great, nor Methods
laid too deep: Laws concerning Trade, whose sole Strength are Penalties,
rarely reach the thing aimed at; but practicable Methods, whereby one
thing may answer another, and all conspire to carry on the same Design,
hanging like so many Links in a Chain, that you cannot reach the one,
without stepping over the other, these are more likely to prevent
Mischiefs: ’Tis one thing to punish People when a Fact is committed,
and another to prevent their doing it, by putting them as it were under
an Inability; Now where the Welfare of the Kingdom lies so much at Stake,
certainly it cannot be thought grievous to compell submission to good
Methods, tho’ they may seem troublesome at first.
[Sidenote: The ill Consequences of shipping out our Wool.]
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account