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
Nor am I of opinion with those People who think the running down the
Prises of our Growth and Product (that so they may buy Provisions cheap)
is an advantage to the _Inland_ Trade of this Kingdom, but on the
contrary I think 'twould be beter for it if they were sold higher than
they are, which may seem a Paradox at first, till the thing be rightly
stated; suppose then the common and usual price of Beef to be Two Pence
half-penny _per_ Pound, and Wheat Three Shillings and Six Pence _per_
Bushel, and all Flesh and Grain suitable, 'twould be better for our
_Inland_ Trade if the former yielded Four Pence, and the latter Five
Shillings, and other things in Proportion.
To prove this, let us begin with the Shop-keeper or Buyer and Seller, who
is the Wheel whereon the _Inland_ Trade turns, as he buys of the Importer
and Manufacturer, and sells again to the Country; suppose such a Man
spends Two Hundred Pounds _per Annum_ in all things necessary for his
Family, both Provisions, Cloaths, House-Rent, and other Expences, the
Question will be what proportion of this is laid out in Flesh, Corn,
Butter, Cheese, &c. barely considered according to their first cost in
the Market? I presume we shall find Fifty or Sixty Pounds _per Annum_ to
be the most, and suitably the advance thereon will be about Twenty-five
to Thirty Pounds _per annum_, but the Consequence thereof in the Profits
of his Trade will be much more; for by this Means the Farmer may give a
better Rent to his Landlord, who will be enabled to keep a more Plentiful
Table, spend more Wines, Fruit, Sugars, Spices, and other things
wherewith he is furnished from the City, wear better Cloaths, suit
himself and his Family oftner, and carry on a greater Splendor in every
thing: The Farmer according to his condition may do the same, and give
higher Wages to the Labourers imployed in Husbandry, who might then live
more plentifully, and buy new Cloaths oftner, instead of patching up old;
by this means the Manufacturer would be encouraged to give a better price
for Wool, when he should find a Vent as fast as he could make; and a Flux
of Wealth causing variety of Fashions would add Wings to Mens Inventions,
when they shall see their Manufactures advanced in their Values by the
Buyer's Fancy; this likewise would encourage the Merchant to increase his
Exports, when he shall have a quick Vent for his Imports; by which
regular Circulation Payments would be short, and all would grow rich; but
when Trade stops in the Fountain, when the Gentleman and Farmer are kept
poor, every one in his order partakes of the same fate; and this hath
been a certain Rule grounded on the Observation of all Men who have spent
time to look into it, that in those Countrys where Provisions are low the
People are generally poor, both proceeding from the want of Trade: So
that he who would give a right judgment must not always consider things
_primâ facie_, as they offer themselves to us at first sight, but as
Public-domain text, read in full here on John Shaqi.
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