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
The _Dutch_ do likewise Buy many of our Manufactures, and much of our
Product, as Coals, Butter, Lead, Tin, besides things of smaller
Value, such as Clay, Redding, &c. which are Exported to _Holland_,
not only for their own use, but being a Mart of Trade for _Germany_,
they disperse them for the Expence of those Countries; among whom
they also Vend our _West-India_ Commodities, such as Sugar, Tobacco,
Indigo, Logwood, Fustick, Ginger, Cotton-Wool, besides what they use
themselves; These are an Industrious People, but having little Land,
do want Product of their own to Trade on, except what they raise by
their Fisheries, or bring from the _East-Indies_, whereof Spices and
Salt-Petre are many times admitted to be brought hither, tho’
contrary to the Act of Navigation; Indeed the Trade of the _Dutch_
consists rather in Buying and Selling than Manufactures, most of
their Profits arising from That, and the Freights they make of their
Ships; which being Built for Burthen, are Imployed generally in a
Home-Trade, for Bulky Commodities, such as Salt from St. _Ubes_ to
the _Baltick_, Timber, Hemp, Corn, Pitch, and such sorts of Goods
thence to their own Country, which Ships they Sail with few Hands;
And This, together with Lowness of Interest, enables them to afford
those Commodities at such Rates, that they are often fetcht from them
by other Nations, cheaper then they could do it from the Places of
their Growth, all charges considered; ’Tis strange to see how these
People Buz up and down among themselves, the Vastness of whose
Numbers causes a Vast Expence, and that Expence must be supplied from
Abroad, so one Man gets by another, and they find by Experience, that
as a Multitude of People brings Profit to the Government, so it
creates Imployment to each other; Besides, they Invent new ways of
Trade, by Selling, not only Things they have, but those they have
not, great Quantities of Brandy and other Commodities being disposed
of every Year, which are never intended to be delivered, only the
Buyer and Seller get or loose, according to the Rates it bears at the
time agreed on to make good the Bargain; such a Commerce to this
Kingdom would be of little Advantage, and would not advance its
Wealth more than Stock-jobbing, our Profits depending on the
improving our Product and Manufactures; But That Government raising
its Income by the Multitude of its Inhabitants, who pay on all they
eat, drink and wear, and almost on every thing they do, cares not so
much by what Methods each Person gets, as that they have People to
pay; which are never wanting from all Nations, for as one goes away
another comes, and every Temporary Resident advances their Revenue;
Therefore to encrease their Numbers, they make the Terms of Trade
easy; Contrary to the Customs of Cities and private Corporations with
us, the Narrowness of whose Charters discourages Industry, and
hinders Improvements both in Handicrafts and Manufactures, because
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