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
4ly, The great Sums of Money spent in this Kingdom by the Nobility and
Gentry of _Ireland_, who come over hither for Pleasure, or necessary
Attendances, on the Court, Parliament, or private Affairs, and send
hither their Children for Education; the Purchases they have lately made
of the Forfeited Estates; and the yearly Remittances thence for the Rents
of Lands belonging to the Nobility and Gentry of this Kingdom, do all
make against them.
5ly, The great Consumption of Commodities among them from this Kingdom,
which, though it encreases our Trade, and makes it our Interest to
Support that Kingdom, must be allowed to be a Prejudice to them.
All which being laid together, it seems apparent to me, that the Ballance
of their Trade must every Year grow more against them, till their Money
is drawn away, except some New Manufacture, fit for Exportation, be
encouraged amongst them.
And I think none more proper than that of Linnen; which, besides the
Employment it will give to their Poor, will also take up large Tracts of
Land for raising of Hemp and Flax; and being a Manufacture no way
Interfering with our own, we may take it from them, in Barter for what
they have hence, without any Manner of Prejudice to the Trade of this
Kingdom.
Besides, The People of _Ireland_, being employed on the Linnen
Manufacture, would by degrees be taken off from making so much Worsted
and Woollen Yarn as they now do, which they send hither at Cheaper Rates
than we are able to make ’em: The Price of Labour in all Places being
according to the Rents of Lands, the Poor can afford to work there on
lower Terms than it can be expected they should do here: On the other
side, if the low Labour of the Poor of _Ireland_, was employed on
Spinning of Linnen Yarn, it would be an Advantage to the Kingdom of
_Ireland_, to have it sent hither, because it would enable us to make our
Fustions, and other Manufactures, where it is used, cheaper than now we
do; whilst our own Poor might be employed on Spinning of Wool; and we
might afford to give them better Wages, without fear of being beat out of
our Manufactures by any other Nation, provided Care was taken to keep our
Wool at Home.
The next Thing to be considered is, how this Work may be best carried on;
which I am of Opinion must be done by a Corporation, with a Joint-Stock,
sufficient, not only to buy up what Linnens shall be made, but also to
furnish the Kingdom with Money on easy Terms; which will likewise
encourage the Raising of Hemp and Flax.
Public-domain text, read in full here on John Shaqi.
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