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
It is not to be doubted, whether the Vending our Manufactures, and
Encouraging our Navigation, on Advantagious Terms, are the true
Interest of this Kingdom, and that all Foreign Commerce, as it
advances either, is more or less profitable to us; but the confining
this Trade to an Exclusive Company could promote neither; and I
believe ’tis one great Reason, why we know so little of that great
Continent, because the Company, finding Ways enough to employ their
Stock amongst those few Settlements they had made on the Sea-Coast,
never endeavoured a farther Inland Discovery; whereas, now the Trade
is laid open, the busy Merchant, that industrious Bee of the Nation,
will not leave any Creek or River untraded to, from whence he may
hope to make Advantage.
’Tis to Trade and Commerce we are beholding for what knowledge we
have of Foreign Parts, and it is observable, that the more remote
People dwell from the Sea, the less they are acquainted with Affairs
abroad. _Africa_ is a large Country, and doubtless the Trade to it
may be much enlarged to our Advantage; Use and Experience make us by
degrees Masters of every thing, and tho’ the first Undertakers of a
Design may fall short of answering their private Ends, yet they often
lay open Beaten Paths, wherein Posterity do tread with Success,
tho’ they miscarried: Now that all Places are permitted freely to
send Ships, and to have the Management of their own Affairs, Industry
is encourag’d, and Peoples Heads are set at Work how they may
out-do each other, by getting first into a new Place of Trade.
Besides, the more Traders, the more Buyers at home, and Sellers
abroad, and by this means, our Plantations on the large Continent of
_America_ are better furnish’d with Negroes, for want of which the
Inhabitants there could never arrive to those Improvements they have
done on the Islands, the Company having given them little or no
Supply, but chose rather to send their Negroes to the latter, because
they were able to make them better Payments; but the Free-Traders
have since done it, to the great Advantage of those Plantations, and
of the Nation in general.
As for the other Commodities brought in Returns from _Africa_, viz.
Wax and Teeth, one serves for a Foreign Export, without any
Disadvantage to our own Product; and the other is Manufactured at
home, and afterwards carried to Markets abroad: And as for the Gold
brought thence, I need not mention how much it doth advance our
Wealth, all allow it to be a good Barter.
On the whole, I take the _African_ Trade, both for its Exports and
Imports, and also as it supplies our Plantations, and advances
Navigation, to be very beneficial to this Kingdom, and will every
Year grow more so, if it remains open.
[Sidenote: Ireland.]
Public-domain text, read in full here on John Shaqi.
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