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
But let us consider what these Forts, Castles, and Soldiers were,
their Use, and whither the Trade is not as well secured now it lies
open.
The greatest Number of Soldiers, offer’d as I remember at a
Committee formerly appointed by the Honourable House of Commons to
enquire into that Affair, did not exceed One Hundred and Twenty on
the whole Coast, nor did their Forts and Castles appear to be any
thing else than Settlements for their Factors, nor was it ever made
out, or indeed pretended, that they were fitted to wage a National
War, or to secure against a National Invasion, nor were there any
Magazines laid up to expect a Siege from the Natives; nor could they
hinder Interlopers from Trading on the Coast, of what Nation soever,
but the Company having obtained Frigats from the Government,
destroyed our own Merchant Ships (unless permitted on the Payment of
great Mulcts at Home) whilst they let others alone; This together
with the Powers given them in their Charter, to Seize in the
Plantations, such as had the good Fortune to escape them on the
Coast, and also their Cargoes, discouraged Private Traders, who else
found no Difficulties, the Natives receiving them as Friends, and
chusing rather to deal with them than the Company, whose Factories
also being at remote Distances from each other, great part of that
Coast was untraded to.
Nor do I see what Need there was to fight our way into a Trade,
altogether as advantagious to the Natives as to us; for whilst we
supplied them with things they wanted, and were of Value amongst
them, we took in exchange Slaves, which were else of little Worth to
the Proprietors; and there was no reason to think, that the People of
this Kingdom, who had settled such large Colonies on the Continent of
_America_, (besides its several Islands) where there was at first
such small Hopes of Advantage, without the Help of a Company, should
fall short in securing this Trade, which carried with it the Prospect
of so great a Profit.
I will next consider the Inconveniencies that have attended this
Monopoly, and the Advantage the Nation reaps by the Trades being laid
open; we now send more Ships, and supply the Plantations with more
Negroes, and vend more of our Commodities for their Purchase:
Besides, every Negro in the Plantations gives a second Employ to the
Manufacturers of this Kingdom; and had we many more to spare, the
_Spaniards_ would buy them, and pay us in Bullion, so there could be
no Ground for putting this Trade into few Hands, unless ’twas
designed those few should grow Rich, whilst for their sakes the
Nation suffered in its Trade and Navigation, the Company having made
this detrimental Use of their Charter, that they bought up our
Manufactures cheaper at home, and made the Planters pay dearer for
Negroes abroad, than could have been done, if there had been more
Buyers for the One, and Sellers of the Other.
Public-domain text, read in full here on John Shaqi.
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