A Treatise of Taxes and Contributions: Shewing the nature and measures of crown-lands, assessements, customs, poll-moneys, lotteries, benevolence, penalties, monopolies, offices, tythes, raising of coins, harth-money, excize, &c.; with several intersperst discourses and digressions concerning warres, the church, universities, rents & purchases, usury & exchange, banks & lombards, registries for conveyances, beggars, ensurance, exportation of money [&] wool, free-ports, coins, housing, liberty ofPetty, William, Sir
History
A Treatise of Taxes and Contributions: Shewing the nature and measures of crown-lands, assessements, customs, poll-moneys, lotteries, benevolence, penalties, monopolies, offices, tythes, raising of coins, harth-money, excize, &c.; with several intersperst discourses and digressions concerning warres, the church, universities, rents & purchases, usury & exchange, banks & lombards, registries for conveyances, beggars, ensurance, exportation of money [&] wool, free-ports, coins, housing, liberty of
Petty, William, Sir
Finance -- Great Britain -- Early works to 1800; Great Britain -- Politics and government -- 1660-1688; Taxation -- Great Britain -- Early works to 1800
14. For if the said five Shires did already produce as much
Commodity, as by all endeavour was possible; then what is wanting
must be brought from a far, and that which is near, advanced in
price accordingly; or if the said Shires by greater labour then now
is used, (as by digging instead of Ploughing, setting instead of
sowing, picking of choice seed instead of taking it promiscuously,
steeping it instead of using it wholly unprepared, and manuring the
ground with salt instead of rotten straw, &c. could be fertilized)
then will the Rent be as much more advanced, as the excess of
encrease exceeds that of the labour.
15. Now the price of labour must be certain, (as we see it made by
the Statutes which limit the day wages of several workmen); the
non-observance of which Laws, and the not adapting them to the
change of times, is by the way very dangerous, and confusive to
all endeavours of bettering the Trade of the Nation.
16. Moreover, the touchstone to try whether it be better to use
those improvements or not, is to examine whether the labour
of fetching these things even from the places where they grow
wilde, or with less Culture, be not less then that of the said
improvements.
17. Against all this will be objected, that these computations are
very hard if not impossible to make; to which I answer onely this,
that they are so, especially if none will trouble their hands or
heads to make them, or give authority for so doing: But withall,
I say, that until this be done, Trade will be too conjectural a
work for any man to employ his thoughts about; for it will be the
same wisdom in order to win with fair Dice, to spend much time in
considering how to hold them, how much to shake them, and how hard
to throw them, and on what angles they should hit the side of the
Tables, as to consider how to advance the Trade of this Nation;
where at present particular men get from their neighbours (not
from the earth and sea) rather by hit then wit, and by the false
opinions of others, rather then their own judgements; Credit every
where, but chiefly in _London_, being become a meer conceit, that
a man is responsible or not, without any certain knowledge of his
Wealth or true Estate. Whereas I think the nature of credit should
be limited onely to an opinion of a mans faculties to get by his
art and industry. The way of knowing his Estate being to be made
certain, and the way of making him pay what he owes to the utmost
of his ability, being to be expected from the good execution of our
Laws.
18. I should here enlarge upon a Paradox, to prove that if every
mans Estate could be alwayes read in his forehead, our Trade would
much be advanced thereby, although the poorer ambitious man be
commonly the more industrious. But of this elsewhere.
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