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
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
I shall begin with the _East-India_ Trade, which I take to be very
prejudical to us, as ’tis now driven; because it exports our
Bullion, spends little of our Product or Manufactures, and brings in
Commodities perfectly Manufactured, which hinder the Consumption of
our own, and discourage the Wearing such as are purchased with them;
the chief Profit thereof arising from Underselling the Labour of our
Poor, because ’tis bought there cheaper, than by reason of the
Value of our Lands, and the Prices of Provisions, they are able to
work here. But having spoken fully of this in a former Discourse, and
the Parliament having since been pleased, by an Act made in the 10th
and 11th Years of his late Majesty King _William_, to prohibit the
Wearing of wrought Silks, Bengals, Stuffs mixt with Silk or Herba, of
the Manufacture of _Persia_, _China_, and _India_, and all Callicoes
Painted, Dy’d, Printed or Stained there. The Reason of which is in
the said Act set forth to be, The great Detriment the Nation received
as the Trade was then manag’d, by exhausting the Treasure thereof,
and taking away the Labour of the People, whereby very many of the
Manufacturers were become excessively burthensome and chargeable to
their respective Parishes, and others compell’d to seek for
Employment in Foreign Parts, I shall not now repeat what I then
wrote, but will consider how far the Remedy they then provided hath
answer’d the End.
The making this Law gave a new Life to our Manufactures, and would
have given more, if the true Intent of the Parliament had been
answered: But we have since found that it has not; for it neither
keeps our Treasure at home, nor prevents those Commodities from being
worn here, which they design’d it should; and I very much question,
whether any thing less than a total Prohibition of their Importation
will do it; for though they are directed to be Exported again, yet
there is great Reason to believe, that they are privately brought
back, both from _Ireland_, our Plantations, and other Places to which
they are sent, to the Loss of his Majesty’s Customs, and the
Prejudice of the Stainers and Painters here, besides the Injury to
our Manufactures: Otherwise, how come such great Quantities to be
worn and used here, when the Stock on hand hath been so long since
spent?
There are other Commodities, which the Company may trade in, and the
Tract of Land within their Charter is large enough to afford an
advantagious Commerce there, the Profits whereof might be returned
hither, in things no way injurious to our Manufactures, such as
Raw-Silk, Indigo, Pepper, Salt-Peter, Spices, Drugs, China-Wares,
Coffee, Tea, and many other things, if they were industrious to make
Discoveries, as private Merchants would do, if the Trade lay open;
and I believe it will not be disputed, that greater Quantities of
Raw-Silk, have been brought thence since the Making of that Law, than
were used to be done before.
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