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
Besides which, there is a Cunning crept into Trades: The Clock-Maker hath
improved his Art to such a Degree, that Labour and Materials are the
least Part the Buyer pays for. The Variety of our Woollen Manufactures is
so pretty, that Fashion makes a Thing worth twice the Price it is sold
for after, the Humour of the Buyer carrying a great Sway in its Value.
Artificers, by Tools and Laves, fitted for different Uses, make such
Things, as would puzzle a Stander-by to set a Price on, according to the
worth of Mens Labour. The Plummer by new Inventions casts a Tun of Shot
for ten Shillings, which might seem to deserve forty.
The same Art is crept into Navigation; Freights are much fallen from what
they formerly were at, and yet Sailors Wages are still the same: Ships
are built more for Stowage, and made strong enough to be loaden between
Decks, and Voyages are performed in less Time. Wool is steved into them
by such proper Instruments, that three or four Bags are put, where one
would not else lye; Cranes and Blocks help to draw up more for one
Shilling, than Mens Labour without them would do for Five.
New Projections are every Day set on Foot to render the making our
Woollen Manufactures easy, which should be rendered cheaper by the
Contrivance of the Manufacturers, not by falling the Price of Labour:
Cheapness creates Expence, and gives fresh Employments, whereby the Poor
will be still kept at Work.
The same for our Product; Mines and Pits are drained by Engines and
Aquæducts instead of Hands: The Husbandman turns up the Ground with his
Sullow, not digs it with his Spade; covers his Grain with the Harrow, not
with the Rake; brings home his Harvest with Carts, not on Mens Backs; and
many other easier Methods are used, both for improving of Land, and
raising its Product, which lessen the Number of Labourers, and make Room
for better Wages to be given those that are employed.
Nor am I of their Opinion, who think the running down the Price of our
Growth and Product, that so they may buy Provisions cheap, an Advantage
to the inland Trade of this Kingdom, but of the contrary.
Public-domain text, read in full here on John Shaqi.
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