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 know it hath been alleadg’d, That by the Exportation of those
Manufactures again, more Bullion in _specie_ is brought into this
Kingdom, than is carry’d out for the buying them in _India_; but
this was never yet made out, and it would be much to the Satisfaction
of the People, who daily see their Bullion carried away, and also for
the Honour of the Company, that it was done; which if it be really
so, might be set forth in this, or any other Method that the
Parliament shall think fit.
1. Let them give an Account what Quantities of Bullion they export on
every Ship they send abroad, and on what Commodities ’tis laid out.
2. Let them set forth, how and in what manner, these prohibited
Manufactures do, on their being Exported again, bring in as much
Bullion in _specie_, as was carry’d out to pay for them in the
_Indies_.
And I think it a proper Work for a Committee of Trade, to receive
these Accounts from time to time, and after a just Examination, to
lay them before the Parliament at every Meeting, with their Opinions
thereon.
But if they only mean, that the Exportation of those Manufactures is
a help to us in the Ballance of our Trade, which must otherwise be
paid in Bullion, I answer, That our own Product and Manufactures
always have, and are still sufficent to support the Ballance of our
Trade.
As for White Callicoes and Muslins, they have beat out the Wearing of
Lawns, Cambricks, and other thin _Germany_ and _Silesia_ Linnens,
which hath been the Occasion of turning many of those Looms to the
Woollen Manufactures there, that were formerly employ’d in the
weaving them, and hath abated the Exportation of great Quantities of
Cloth; Besides the Hinderance Callicoes give to the Consumption of
_Scots_-Linnens, which being thin and soft, are as proper for dying,
printing, and staining, as they are, and may be made as white.
The _East Indies_ is a bottomless Pit for our Bullion, which can
never circulate hither again; whereas, if it was sent to any Part of
_Europe_, there might be some hopes, by the Ballance of our Trade, to
bring it back again; and when our Bullion fails, that Trade must
cease of course, which it will soon do, if the Company continue to
carry out yearly as much as our other Trades bring us in.
I wish the Nobility and Gentry of this Kingdom would be in Love with
our own Manufactures, and those which are purchased with them, and
that they would by their Examples encourage the using them, which
would be attended with the Prayers of the Poor, besides the Advantage
it would bring to their Estates.
And as to Navigation, I think it will not be disputed, that long
Voyages rather use Saylors than make them, both the Employers, and
the Employed, chusing rather to make their first Experiments on short
ones.
[Sidenote: West-India and Africa.]
I will next proceed to the _West-India_ and _African_ Trades, which I
esteem the most profitable we drive, and joyn them together, because
of their dependance on each other.
Public-domain text, read in full here on John Shaqi.
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