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
As to the first, our Product, I am of Opinion, that the running down the
Labour the Poor, is no advantage to it, nor is it the Interest of that
part of the Kingdom called _England_ to do it, nor can the People thereof
live on so low Wages as they do in other Countries; for we must consider,
that Wages must bear a Rate in all Nations according to the Price of
Provisions; where Wheat is sold for one Shilling _per_ Bushel, and all
Things suitable, a labouring Man may afford to work for Three-pence a
Day, as well as he can for Twelve-pence, where it is sold for four
Shillings; and this Price of Wheat arises chiefly from the Value of the
Land; for it cannot be imagined, that the Farmer who gives twenty
Shillings _per_ Acre, can afford it as low as he whose Lands cost him but
five Shillings _per_ Acre, and produces the same Crop, nor can Labour be
expected to be so low in such a Country, as in the other; this is the
Case of _England_, whose Lands yielding great Rents, require good Prices
for the Product; and this is the Freeholders Advantage; for supposing
Necessaries to be the Current Payment for Labour, in such Cases, whether
we call a Bushel of Wheat one Shilling, or Four Shillings, it will be all
one to him, for so much as he pays, but not for the Overplus of his Crop,
which makes a great Difference into his Pocket; you cannot fall Wages,
unless you fall Product; and if you fall Product, you must necessarily
fall Lands.
And as for the second, our Manufactures, I am of Opinion, that they may
be carried on to Advantage, without running down the Labour of the Poor;
for which I offer,
1. Observation, or Experience of what hath been done; we have and daily
do see that it is so; the Refiners of Sugars sell for Six-pence _per_
Pound, what yielded formerly Twelve-pence; the Distillers sell their
Spirits for one half of what they formerly did: Glass Bottles, Silk
Stockings, and other Manufactures (too many to be here enumerated) are
sold for not much more than half the Price they were some Years since,
without falling the Poor.
But then the Question will be, how this is done? Truly it proceeds from
the Ingenuity of the Manufacturer, and the Improvements he attains to in
the Ways of his Working: Thus the Refiners of Sugars go through that
Operation by easier Methods, and in less Time, than their Predecessors
did: Thus the Distillers draw more Spirits from the Things they work on,
than those formerly did who taught them the Art. The Glass-Maker hath
found a quicker way of making it out of Things which cost him little.
Silk Stockings are wove; Tobacco is cut by Engines; Books are printed;
Deal Boards are sawn with Mills; Lead is smelted by Wind-Furnaces; all
which save the Labour of many Hands, so the Wages of those employed need
not be fallen.
Public-domain text, read in full here on John Shaqi.
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