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
wearing it here and in our Plantations; this would be more advantageous
to _England_ than by the use of Calicoes to force a Neighbouring Nation
to fence with us at our own Weapons, which they very unwillingly
undertake; the Woollen Manufactures in _Italy_ are but small, and those
chiefly among the _Venetians_, something among the _Genouese_, these we
cannot hinder, being supply'd with Wool from those parts of _Spain_ which
are near to them, except we could promote a Contract with the _Spaniard_
for all he hath, to which we never had a fairer Opportunity, and I do not
believe the _Dutch_ would much oppose it if we gave them liberty to bring
it in as Merchandize, I should be glad to see such a Barter made, tho' by
relinquishing to them our part of the _East-India_ Trade; Had we once the
Command of all the Wool of _Europe_, we might then set what Prices we
would on our Manufactures in Foreign Markets, which now we cannot do, but
must sell them cheap, lest we be undersold by other Nations who vye with
us therein, and our Manufactures selling well abroad, Wool would yield a
good Price at home; But if it be doubted that too much Wool will be
Imported, 'twould be better to burn the Overplus at the charge of the
Pub¦lick (as the _Dutch_ do their Spices) than to have it wrought up
abroad, which there is no reason to fear, seeing all the Wool of
_Christendom_ is manufactured some where or other; and if the _Act_ for
_Burying in Woollen_ did extend to our Plantations, 'twould be of great
use towards the Consumption of our Wool: Thus when the Nation comes to
see that the Labour of its People is its Wealth, 'twill put us on finding
out Methods to make every one work that is able, which must be done
either by hindring such swarms from going off to Idle or Useless
Imployments, or by preventing such Multitudes of lazy People from being
maintained by Begging.
[Sidenote: Difference between imploying our own Ships, and those of other
Nations.]
And this is farther to be noted, that where a Nation doth fetch from us
our Manufactures themselves, and Imports to us Materials, we get less by
that Trade than if we did it in our own Bottoms, because that doth also
encourage our Navigation; thus we get more by the _Spanish_ Trade,
because we both supply them with the former, and fetch their Wool, Oyl,
&c. in our own Ships; and we lose more by the _French_ when they bring us
their Wines and Brandy than when we fetch them our selves, and
accordingly we must take our Measures in judging of all other Trades.
[Sidenote: Whither the Ballance of Foreign Trade may be truly judged.]
Public-domain text, read in full here on John Shaqi.
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