History for ready reference, Volume 5, Tunnage to Zyp and SupplementLarned, J. N. (Josephus Nelson)
History
History for ready reference, Volume 5, Tunnage to Zyp and Supplement
Larned, J. N. (Josephus Nelson)
History -- Dictionaries
Q. How then do you pay the balance?
A. The balance is paid by our produce carried to the West
Indies, and sold in our own islands, or to the French,
Spaniards, Danes, and Dutch; by the same carried to other
colonies in North America, as to New England, Nova Scotia,
Newfoundland, Carolina, and Georgia; by the same carried to
different parts of Europe, as Spain, Portugal and Italy. In
all which places we receive either money, bills of exchange,
or commodities that suit for remittance to Britain; which,
together with all the profits on the industry of our merchants
and mariners, arising in those circuitous voyages, and the
freights made by their ships, centre finally in Britain to
discharge the balance, and pay for British manufactures
continually used in the province, or sold to foreigners by our
traders.
Q. Have you heard of any difficulties lately laid on the
Spanish trade?
A. Yes, I have heard that it has been greatly obstructed by
some new regulations, and by the English men of war and
cutters stationed all along the coast in America.
Q. Do you think it right, that America should be protected by
this country, and pay no part of the expense?
A. That is not the case. The colonies raised, clothed and
paid, during the last war, nearly 25,000 men, and spent many
millions.
Q. Were you not reimbursed by parliament? A. We were only
reimbursed what, in your opinion, we had advanced beyond our
proportion, or beyond what might reasonably be expected from
us; and it was a very small part of what we spent.
Pennsylvania, in particular, disbursed about 500,000_l_,
and the reimbursements, in the whole, did not exceed
60,000_l_.
Q. You have said that you pay heavy taxes in Pennsylvania;
what do they amount to in the pound?
A. The tax on all estates, real and personal, is eighteen
pence in the pound, fully rated; and the tax on the profits of
trades and professions, with other taxes, do, I suppose, make
full half a crown in the pound.
{3194}
Q. Do you know any thing of the rate of exchange in
Pennsylvania, and whether it has fallen lately?
A. It is commonly from 170 to 175. I have heard that it has
fallen lately from 175 to 162 and a half, owing, I suppose, to
their lessening their orders for goods; and when their debts
to this country are paid, I think the exchange will probably
be at par.
Q. Do not you think the people of America would submit to pay
the stamp duty, if it was moderated?
A. No, never, unless compelled by force of arms.
Q. Are not the taxes in Pennsylvania laid on unequally, in
order to burden the English trade, particularly the tax on
professions and business?
A. It is not more burdensome in proportion than the tax on
lands. It is intended, and supposed to take an equal
proportion of profits.
Public-domain text, read in full here on John Shaqi.
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