An Essay on the State of England: In Relation to Its Trade, Its Poor, and Its Taxes, for Carrying on the Present War Against FranceCary, John
History
An Essay on the State of England: In Relation to Its Trade, Its Poor, and Its Taxes, for Carrying on the Present War Against France
Cary, John
Great Britain -- Commercial policy; Poor -- England
it; Thus the Grazier fats Cattle, and the Butcher kills them for the
Market; Thus the Shepherd shears his Wool, the Spinster makes it into
Yarn, the Weavet into Cloth, and the Merchant exports it, and every one
lives by each other: Thus the Country supplies the City with Provisions,
and that the Country with Manufactures; Now to advise a Government to
monopolize, and consequently to lessen this Trade, by confining it to a
limited Stock, is the same as to advise the People of _Egypt_ to raise
high Banks to confine the River _Nilus_ from overflowing, lest it should
thereby fertilize their Lands, or the King of _Spain_ to shut up his
Mines, lest he should fill his Kingdom too full of Silver; This Trade
indeed is our Silver Mines, for by the Overplus of _Negroes_ above what
will serve our Plantations we draw great Quantities thereof from the
_Spaniard_; a Trade we are lately fallen into by a Compact of the two
Natious, for which a Factory or _Assiento_ is settled by them at
_Jamaica_, where what their Agent buys is paid for in Pieces of _Eight_,
besides oftentimes Thirty _per Cent_ Cambio for running the risque to the
Continent, all discharged in the same specie with great Punctuality.
Nor is this all the advantage the Nation reaps thereby, it hath
introduced another sort of Commerce, and given us Opportunities of
selling our Manufactures to that People, with whom we now grow into some
sort of Familiarity, and may be a means in time to make way for a larger
Acquaintance, whereby we may reap the best part of the Treasure of those
Mines, _Jamaica_ being now become a Magazine of Trade to _New-Spain_ and
the _Terra Firma_, from whence we have yearly vast Quantities of Bullion
imported to this Kingdom both for the _Negroes_ and Manufactures we send
them, which as it was opened for the sake of their having the former, so
when that supply ceases, it will be removed to some other place, and our
industrious Neighbours are ready to receive it, who would perhaps take
more care to encourage it than we have done; for by the slow steps of the
_African_ Company, and the Hardships they have put on the Interlopers or
private Traders, the number of _Negroes_ imported thither hath been so
small, and so much below our promises and the _Spaniards_ Expectations,
that this profitable _Assiento_ or Factory hath for some time stood on
Tiptoe, ready to waft it self to another Island, as it certainly had done
long since if the Interlopers had not given a better Supply than the
Company.
We will now inquire what Reasons should perswade any Government to
monopolize or limit this Trade, and what have been the Consequences
thereof?
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