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
The only answer that can be given is, that they must bring back the goods
mentioned before, or, in shorter terms, naval stores, though indeed not
much of naval stores neither, except timber and plank, for the hemp and
tar, which are the main articles, are fetched further; viz., from Riga,
Revel, Narva, and Petersburg. But suppose after delivering their fish,
some of the ships should go to those ports to seek freight, and load naval
stores there, which is the utmost help in the trade that can be expected.
The next question is, whither shall they carry them, and for whose account
shall they be loaden? To go for Scotland, would not be an answer; for
Scotland, having but a few ships, could not take off any quantity
proportioned to such a commerce; for if we were to push the Dutch out of
the trade, we must be supposed to employ two or three hundred sail of
ships at least, to carry herrings to Dantzic, &c.
To say they might take freight at London, and load for England, would be
no answer neither; for besides that even England itself would not take off
a quantity of those goods equal to the number of ships which would want
freight, so if England did, yet those ships would still have one dead
freight, for they would be left to go light home at last, to Scotland,
otherwise how shall they be at hand to load next year? And even that one
dead freight would abate the profit of the voyage; and so still the Dutch
would have the advantage.
Upon the whole, take it how and which way we will, it will for ever be
true, that though our fish were every way equal to the Dutch, which yet
we cannot affirm, and though it came as soon to market, and carried as
good a price there, all which I fear must a little fall short, yet it
would still be true that the Dutch would gain and we should lose.
There is yet another addition to the advantage of Holland, viz., in the
return of money; that whereas when our fish shall be sold, we shall want
to remit back the produce in money; that is to say, so much of it as
cannot be brought back in goods. And the difference in the exchange must
be against us; but it is in favour of the Dutch; for if they did not send
their herrings and other fish to Dantzic, they must remit money to pay for
their corn; and even as it is, they are obliged to send other goods, such
as whale oil, the produce of their Greenland fishery, English
manufactures, and the like; whereas the Scots' merchants, having no market
for corn, and not a demand for a sufficient value in naval stores, &c.,
viz. the product of the country, must bring the overplus by exchange to
their loss, the exchange running the other way.
It is true, this is a digression; but it is needful to show how weak those
notions are, which prompt us to believe we are able to beat the Dutch out
of the fishing trade by increasing our number of busses, and taking a
larger quantity of fish.
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account