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
And thus I have run through the Foreign Trades driven from this
Kingdom, and shew’d how they advance its Interest, by taking off
our Product and Manufactures, and supplying us with Materials to be
manufactured again; wherein ’tis a certain Rule, that so far as any
Nation furnishes us with things already manufactured, or only to be
spent amongst our selves, so much less is our Advantage by the Trade
we drive with them; especially if those Manufactures interfere with
our own, and are purchased with Bullion. Therefore I think the
_East-India_ Trade to be unprofitable to us, hindering by its Silks,
Muslins, and Callicoes, the Consumption of more of our Manufactures
in _Europe_, than it doth take from us. The _Spanish_, _Turkey_, and
_Portugal_ Trades, are very advantageous, as they vend great
Quantities of our Manufactures, and furnish us with Materials to be
wrought up here, and disperse our Commodities to other Places, where
we could not so well send them our selves; This _Spain_ doth to its
Settlements in _America_; _Turkey_ to all its Territories, both in
_Europe_ and _Asia_, and also to _Persia_; _Portugal_ doth the same
to _Brazil_. The _Dutch_, _Hamburgh_, and _Dantzick_ Trades are very
useful, as they supply _Germany_, _Poland_, and some Parts of
_Russia_, with our Manufactures, and little interfere with us in
theirs. _Sweden_ and _Denmark_ are profitable, both in what they take
from us, and in what we have from them again. _Italy_ takes off much
of our Worsted Manufactures, and sends us little of its own, save
wrought Silks, whereof we shall every Year import less, as we
increase that Manufacture at home; But above all I esteem the
_African_ and _West-India_ Trades to be most profitable to the
Nation, as they imploy more of our People at home, and give greater
Incouragement to our Navigation by their Product; But the _French_
Trade is certainly our Loss, _France_ being like a Tavern, with whom
we spend what we get by other Nations; and ’tis strange we should
be so bewitcht to that People, as to take off their Growth, which
consists chiefly of things for Luxury, and receive a Value only for
the Esteem we put on them, whilst at the same time they prohibit our
Manufactures, in order to set up the like among themselves, which we
Encourage, by furnishing them with Wool.
[Sidenote: The Ballance of each Trade.]
Public-domain text, read in full here on John Shaqi.
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