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
History
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
Nor will This be attended with so much Trouble and Charge to the
Nation in General, or to private Persons in particular, as may at
first be Thought: The time of Sheering being but once a Year, those
who keep Sheep, may give notice to the Officer appointed for that
District, of the Number of Sheep they have to Sheer, and the day
whereon they intend to do it, that so he may be present to see the
Fleeces Weighed, and to charge them therewith; which charge must
remain upon them till they sell their Wool, and give notice thereof
to the Office, when the next Buyer must be charged, and so _toties
quoties_, till it comes into the hands of him that works it up; And
all this may be done by the Officers of the Excise, in such a manner,
as may cost the Nation little.
And to prevent Frauds, let no parcel of Wool above such a Weight as
the Parliament shall think fit, be carried from place to place, but
in the Day time, nor without a Letpass, or Cocket, setting forth from
whence it came, and whither it is going; and the same Method must
also be extended to _Ireland_, till it is either used there, or Shipt
thither; And if the Wool of both Kingdoms by these or any other
Methods could be secured from being carried abroad, our Manufactures
would find a surer Vent in Foreign Markets, and yield better Prices:
And the Wool of _France_ would lye on their Hands, and become almost
useless; the Credit of the Nation would be raised, and our Factories
abroad courted as much as formerly they have been, because the
Manufactures we Ship out are such, as no Nation can be without, nor
can they then be well supplied elsewhere; they are not things only
for Pleasure, but for Use, and both the Rich and the Poor stand in
need of them; whilst the Profit of this pernicious Practice of
Shipping out the Wool, is sunk in the Pockets of private Men, who
former Laws accounted Felons, and cannot be thought to deserve any
favour from the Nation.
Besides, ’tis well known, that the Exporting our Wool hath by the
ill Consequences thereof abated its Price at Home; This hath been
observed by Calculations made by considerate Men; and the Reason is,
because those Countreys whither it is Shipt, being thereby enabled to
Work up much larger Quantities of their own, the Sale of our
Manufactures are grown slack abroad, and we have been forced to Sell
them cheaper, which beat down the Prices both of Wool and Labour;
whereas, if we had kept our Wool at Home, this had been prevented;
And it must be allowed, that it was not our Interest to fall our
Manufactures, if we had been the only Sellers; for according as they
yield in Price, so is the Wealth of the Nation advanced, which our
Forefathers well knew, when they made Laws to prohibit the
Exportation of Wool, which cannot be too much strengthned, or
strongly put in Execution.
[Sidenote: By managing Treaties of Peace to the Advantage of Trade.]
Public-domain text, read in full here on John Shaqi.
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