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 — John Shaqi
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
Let us now consider the Inconveniences that have attended this Monopoly,
and consequently the Conveniencies which would come to the Nation by
digesting it into an open and free, tho' a regulated Company; sure if
confining the working in a Golden Mine to one day in a week which would
afford the like Treasure every day to the Nation cannot be its advantage,
no more can the limiting this Trade; for if we send more Ships we fetch
more _Negroes_, and vend more Commodities for their Purchase; besides
every _Negro_ in the Plantations gives a second Imploy to the
Manufacturers of this Kingdom, and had we many more to spare the
_Spaniard_ would buy them, so there can be no Ground for putting this
Trade into few Men's Hands, except 'tis designed those few shall grow
Rich, whilst for their sakes the Nation suffers in its Trade and
Navigation; The Company have made this detrimental advantage of their
Charter, that they have thereby been enabled to buy up our Manufactures
cheaper at home, and to make the _Planters_ pay dearer Rates for
_Negroes_ abroad, than could have been done if there had been more Buyers
for the former, and Sellers of the latter; besides the ill Supply they
gave the Plantations, and the partiality in their Lots and Dividends
there, the effect whereof was that one Planter who was befriended grew
Rich by having good _Negroes_, whilst another was ruined by having none
but bad; and this drew with it another ill Consequence, their Factors as
it were Monopolized Trade to themselves, by obliging the Planters to deal
with them for other things if they expected favour when the _Negro_ Ships
arrived, so that the rest of the Merchants were forced to look on whilst
the others had any thing to sell, and all because they were restrained by
a Monopoly from supplying the Planter with the same Commodity, for which
likewise the Company expected ready Pay, whilst the others gave long time.
This was sully proved before the Honourable Committee at one of their
Meetings, to whom I heard an eminent Merchant of _London_ of an undoubted
Reputation and well acquainted with the Trade to _Africa_ affirm, That on
a former little relaxation of the severity of their Charter, which was
then called in question by the Honourable _House of Commons_, some of our
Woolen Manufactures fit for that Trade rose instantly Fifty _per Cent_ to
his certain knowledge, occasioned by the Multitudes of Buyers, whereof he
was one; and indeed it is not to be wondered at, for whilst that Company
was in power many of the _English_ Interlopers were forced to fit in
_Holland_, where they also furnished their Cargoes, it being thought
cause sufficient to stop a Ship here if any part of the Goods entered out
gave Suspicion she was bound for the Coast of _Guinea_, which would have
made a Stander-by to have thought that the _Dutch_ had given Pensions in
that Court as well as the _French_.
Public-domain text, read in full here on John Shaqi.
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