A Discourse on Trade, and Other Matters Relative to it — John Shaqi
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
But let us consider what these Forts, Castles, and Soldiers were, their
Use, and whither the Trade is not as well secured now it lies open.
The greatest Number of Soldiers, offered as I remember at a Committee
formerly appointed by the honourable House of Commons to enquire into
that Affair, did not exceed One Hundred and Twenty on the whole Coast,
nor did their Forts and Castles appear to be any thing else than
Settlements for their Factors, nor was it ever made out, or indeed
pretended, that they were fitted to wage a National War, or to secure
against a National Invasion, nor were there any Magazines laid up to
expect a Siege from the Natives; nor could they hinder Interlopers from
trading on the Coast of what Nation soever; but the Company having
obtained Frigates from the Government, destroyed our own Merchant Ships
(unless permitted on the Payment of great Mulcts at home) whilst they let
others alone: This, together with the Powers given them in their Charter,
to seize in the Plantations, such as had the good Fortune to escape them
on the Coast, and also their Cargoes, discouraged private Traders, who
else found no Difficulties, the Natives receiving them as Friends, and
chusing rather to deal with them than the Company, whose Factories also
being at remote Distances from each other, great Part of that Coast was
untraded to.
Nor do I see what Need there was to fight our Way into a Trade,
altogether as advantageous to the Natives as to us; for whilst we
supplied them with Things they wanted, and were of Value amongst them, we
took in exchange Slaves, which were else of little Worth to the
Proprietors; and there was no Reason to think, that the People of this
Kingdom, who had settled such large Colonies on the Continent of
_America_, (besides it several Islands) where there was at first such
small Hopes of Advantage, without the Help of a Company, should fall
short in securing this Trade, which carried with it the Prospect of so
great a Profit.
I will next consider the Inconveniencies that have attended this
Monopoly, and the Advantage the Nation reaps by the Trades being laid
open; we now send more Ships, and supply the Plantations with more
Negroes, and vend more of our Commodities for their Purchase: Besides,
every Negro in the Plantations gives a second Employ to the Manufacturers
of this Kingdom; and had we many more to spare, the _Spaniards_ would buy
them, and pay us in Bullion, so there could be no Ground for putting this
Trade into few Hands, unless ’twas designed those few should grow rich,
whilst for their Sakes, the Nation suffered in its Trade and Navigation,
the Company having made this detrimental Use of their Charter, that they
bought up our Manufactures cheaper at home, and made the Planters pay
dearer for Negroes abroad, than could have been done, if there had been
more Buyers for the One, and Sellers of the Other.
Public-domain text, read in full here on John Shaqi.
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