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 shall now take the Trade of this Kingdom, as it is divided into
Domestick and Foreign, and consider each, and how they are
advantagious to the Nation, and may be made more so.
[Sidenote: Inland Trade.] [Sidenote: Buying & Selling.]
The Domestick or Inland Trade consists either in Husbandry,
Manufactures, or Buying and Selling; the last of which, whereby one
Man lives by the Profit he makes by another, brings no Advantage to
the Publick; Peoples Occasions requiring Commodities to be retail’d
to them in such small Quantities as would fit their Necessities, they
were willing to allow a Profit to him who bought them in greater; and
as this sort of Traffick came more in use, so the first Buyers, not
only sold their Commodities to the Consumers in the Places where they
dwelt, but also to others, who being seated in the Country at a
Distance, made an Advantage by supplying the Inhabitants there: This
begat the Ingrossing Commodities, and thence arose Skill and Cunning
to foresee their Rise and Falls, according to their Consumption and
Prospect of Supply. Hence came the Viciating our Manufactures, every
one endeavouring to underbuy, that he might undersell his Neighbour;
Which way of Living being found in time to have less Labour and more
Profit than Husbandry and Manufactures, was the Reason so many fell
into it.
From these Bargains Differencies arising, encouraged another Sort of
People, whose Business it was, either by their Wisdoms to persuade,
or by their Knowledge in the Laws to compel, the unjust Persons to do
Right to their Fellow-Traders (an Honourable Employment at the first,
and is still so in those who keep to the strict Rules of its
Institution). Hence arose Attorneys, Sollicitors, and other Officers,
which were found necessary to attend on those Suits, and other
Services of the Law.
Trade brought Riches, and Riches Luxury; Luxury brought Sickness, and
Sickness wanted Physick; which required some to separate themselves
to study the Nature of Plants and Simples, as also of those several
Diseases which bring Men to their Ends, who for their Advice received
Gratuities from their Patients: These brought in Apothecaries and
Surgeons, as necessary Attendants to their Employments; all which
were maintained by keeping People in their Healths. Many also of ripe
Parts were fitted for the Service of the Church, others of the State;
great Numbers were employ’d in providing Necessaries of Meat,
Drink, and Apparel, others in fitting things for Delights and
Pleasures, and by this means, leaving Husbandry and Manufactures,
flockt off daily to Livelihoods, which tho’ useful and convenient
in their respective Stations, yet cannot be said to encrease the
Riches of this Nation, but to live by getting from one another;
Husbandry and Manufactures being the profitable Employments, out of
which it gathers its Wealth.
[Sidenote: Husbandry.]
Public-domain text, read in full here on John Shaqi.
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