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
I know it hath been alleadg’d, That by the Exportation of those
Manufactures again, more Bullion in _specie_ is brought into this
Kingdom, than is carry’d out for the buying them in _India_; but this
was never yet made out, and it would be much to the Satisfaction of the
People, who daily see that Bullion carried away, and also for the Honour
of the Company, that it was done; which if it be really so, might be set
forth in this, or any other Method that the Parliament shall think fit.
1. Let them give an Account what Quantities of Bullion they export on
every Ship they send abroad, and on what Commodities ’tis laid out.
2. Let them set forth, how and in what manner, these prohibited
Manufactures do, on their being Exported again, bring in as much Bullion
in _specie_, as was carry’d out to pay for them in the _Indies_.
And I think it a proper Work for a Committee of Trade, to receive these
Accounts from time to time, and after a just Examination, to lay them
before the Parliament at every Meeting, with their Opinions thereon.
But if they only mean, that the Exportation of those Manufactures is a
help to us in the Ballance of our Trade, which must otherwise be paid in
Bullion, I answer, that our own Product and Manufactures always have, and
are still sufficent to support the Ballance of our Trade.
As for white Callicoes and Muslins, they have beat out the wearing of
Lawns, Cambricks, and other thin _German_ and _Silesia_ Linnens, which
has been the Occasion of turning many of those Looms to the Woollen
Manufactures there, that were formerly employed in the weaving them, and
hath abated the Exportation of great Quantities of Cloth; besides the
hinderance Callicoes give to the consumption of _Scots_-Linnens, which
being thin and soft, are as proper for dying, printing, and staining, as
they are, and may be made as white.
The _East-Indies_ is a bottomless Pit for our Bullion, which can never
circulate hither again; whereas, if it was sent to any Part of _Europe_,
there might be some hopes, by the Ballance of our Trade, to bring it back
again; and when our Bullion fails, that Trade must cease of course, which
it will soon do, if the Company continue to carry out yearly as much as
our other Trades brings us in.
I wish the Nobility and Gentry of this Kingdom would be in Love with our
own Manufactures, and those which are purchased with them, and that they
would by their Examples encourage the using them, which would be attended
with the Prayers of the Poor, besides the Advantage it would bring to
their Estates.
And as to Navigation, I think it will not be disputed, that long Voyages
rather use Sailors than make them, both the Employers, and the Employed,
chusing rather to make their first Experiments on short ones.
[Sidenote: West-India and Africa.]
I will next proceed to the _West-India_ and _African_ Trades, which I
esteem the most profitable we drive, and join them together, because of
their dependance on each other.
Public-domain text, read in full here on John Shaqi.
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