An Humble Proposal to the People of England, for the Increase of their Trade, and Encouragement of Their Manufactures: Whether the Present Uncertainty of Affairs Issues in Peace or WarDefoe, Daniel
History
An Humble Proposal to the People of England, for the Increase of their Trade, and Encouragement of Their Manufactures: Whether the Present Uncertainty of Affairs Issues in Peace or War
Defoe, Daniel
Great Britain -- Commerce
As by my title I profess to be addressing myself to Englishmen, I think I
need not tell them that they live by trade; that their commerce has raised
them from what they were to what they are, and may, if cultivated and
improved, raise them yet further to what they never were; and this in few
words is an index of my present work.
It is worth an Englishman's remark, that we were esteemed as a growing
thriving nation in trade as far back as in the reigns of the two last
Henries; manufactures were planted, navigation increased, the people began
to apply, and trade bringing in wealth, they were greatly encouraged; yet
in king Henry VIII.'s reign, and even towards the latter end of it, too,
we find several acts of parliament passed for regulating the price of
provisions, and particularly that beef and pork should not be sold in the
market for more than a halfpenny per pound avoirdupoise, and mutton and
veal at three farthings.
As the trading men to whom I write may make some estimate of things by
calculating one thing by another, so this leads them to other heads of
trade to calculate from; as, first, the value of money, which bore some
proportion, though I think not a full and just equality to the provisions,
as follows:--silver was at 2s. 4d. per ounce, and gold at 2_l._ 5s. to
2_l._ 10s. per ounce; something less in the silver, and more in the gold
than half of the present value.
As for the rate of lands and houses, they bore a yet greater distance in
value from what they produce now; so that indeed it bears no proportion,
for we find the rent of lands so raised, and their value so improved, that
there are many examples where the lands, valued even in queen Elizabeth's
days at 20_l._ to 25_l._ per annum, are now worth from 200_l._ to 300_l._
per annum, and in some places much more.
It is true, this advance is to be accounted for by the improvement made of
the soil, by manuring, cultivating, and enclosing; by stocks of cattle, by
labour, and by the arts of husbandry, which are also improved; and so this
part is not so immediately within my present design; it is a large
subject, and merits to be spoken of at large by itself; because as the
improvement of land has been extraordinary great, and the landed interest
is prodigiously increased by it, so it is capable of much more and greater
improvement than has been made for above a hundred years past. But this I
say is not my present design; it is too great an article to be couched in
a few words.
Yet it requires this notice here; viz., that trade has been a principal
agent even in the improvement of our land; as it has furnished the money
to the husbandman to stock his land, and to employ servants and labourers
in the working part; and as it has found him a market for the consumption
of the produce of his land, and at an advanced price too, by which he has
received a good return to enable him to go on.
Public-domain text, read in full here on John Shaqi.
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