An Essay Towards Regulating the Trade, and Employing the Poor of This Kingdom: Whereunto is Added, an Essay Towards Paying Off the Publick Debts — John Shaqi
An Essay Towards Regulating the Trade, and Employing the Poor of This Kingdom: Whereunto is Added, an Essay Towards Paying Off the Publick DebtsCary, John
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An Essay Towards Regulating the Trade, and Employing the Poor of This Kingdom: Whereunto is Added, an Essay Towards Paying Off the Publick Debts
Cary, John
Great Britain -- Commercial policy; Great Britain -- Economic conditions -- 18th century; Poor -- Great Britain
3. Let the Plate of Orphans be brought into the Mint, which will tend
to their Advantage as well as to the Nations; whereas now great
Quantities lye dead, and grow out of Fashion before they come to use
it, which will by this means, be turned into ready Money, and being
put into the Bank, the Interest thereof may be Imployed for their
better Maintenance, and the Trade of the Nation will also receive a
Benefit thereby: If it be objected, that ’tis now Sold to
Goldsmiths, I think this makes the Argument for sending it to the
Mint much stronger, because it is much better that it were turned
into the Coin of the Kingdom, then disposed of in any other way.
As for Gold, there is no need to give Encouragement to bring it to
the Mint, ’tis only a Commodity, and not the Standard, as Silver
is; besides, ’tis generally worth more here than in any other
Country; and ’tis apparent from the great Quantity thereof which is
Coined yearly more than of Silver, that it is every ones Interest to
send it thither.
[Sidenote: By Discouraging Stock-jobbing.]
8. By discouraging Stock-jobbing; This hath been the Bane of many
good Designs, which began well, and might have been carry’d on to
Advantage, if the Promoters had not fallen off by selling their
Parts, and slighted the first Design, winding themselves out with
Advantage, and leaving the Management to those they had decoy’d in,
who understood nothing of the Business, whereby all fell to the
Ground; which may be prevented (I mean, so far as concerns
Incorporated Stocks) by Laws framed for that end, or by Clauses in
their Charters.
[Sidenote: By preventing the Exportation of Wool.]
9. By strengthening the Laws against the Exportation of Wool, by such
Practicable Methods as may prevent its being done: For seeing the
Nations Interest doth so much depend thereon, no Care can be too
great, nor Methods laid too deep: Laws concerning Trade, whose sole
Strength are Penalties, rarely reach the thing aimed at; but
Practicable Methods, whereby one thing may answer another, and all
conspire to carry on the same Design, hanging like so many Links in a
Chain, that you cannot reach the one, without stepping over the
other, these are more likely to prevent Mischiefs: ’Tis one thing
to punish People when a Fact is committed, and another to prevent
their doing it, by putting them as it were under an Inability; Now
where the Welfare of the Kingdom lies so much at Stake, certainly it
cannot be thought grievous to compel submission to good Methods,
tho’ they may seem troublesome at first.
[Sidenote: The ill Consequences of shipping out our Wooll.]
Public-domain text, read in full here on John Shaqi.
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