All taxes, however, upon foreign commodities are not to be regarded
as prejudicial or useless, but those only which are founded on the
jealousy above mentioned. A tax on German linen encourages home
manufactures, and thereby multiplies our people and industry; a tax on
brandy increases the sale of rum, and supports our southern colonies.
And as it is necessary imposts should be levied for the support of
government, it may be thought more convenient to lay them on foreign
commodities, which can easily be intercepted at the port and subjected
to the impost. We ought, however, always to remember the maxim of Dr.
Swift, that, in the arithmetic of the customs, two and two make not
four, but often make only one. It can scarcely be doubted but if the
duties on wine were lowered to a third, they would yield much more to
the Government than at present; our people might thereby afford to
drink commonly a better and more wholesome liquor, and no prejudice
would ensue to the balance of trade, of which we are so jealous. The
manufacture of ale beyond the agriculture is but inconsiderable, and
gives employment to few hands. The transport of wine and corn would not
be much inferior.
But are there not frequent instances, you will say, of states and
kingdoms which were formerly rich and opulent, and are now poor
and beggarly? Has not the money left them with which they formerly
abounded? I answer, if they lose their trade, industry, and people,
they cannot expect to keep their gold and silver, for these precious
metals will hold proportion to the former advantages. When Lisbon
and Amsterdam got the East India trade from Venice and Genoa, they
also got the profits and money which arose from it. Where the seat
of government is transferred, where expensive armies are maintained
at a distance, where great funds are possessed by foreigners, there
naturally follows from these causes a diminution of the specie. But
these, we may observe, are violent and forcible methods of carrying
away money, and are in time commonly attended with the transport of
people and industry; but where these remain, and the drain is not
continued, the money always finds its way back again, by a hundred
canals of which we have no notion or suspicion. What immense treasures
have been spent, by so many nations, in Flanders since the revolution,
in the course of three long wars! More money perhaps than the half of
what is at present in all Europe. But what has now become of it? Is it
in the narrow compass of the Austrian provinces? No, surely; it has
most of it returned to the several countries whence it came, and has
followed that art and industry by which at first it was acquired. For
above a thousand years the money of Europe has been flowing to Rome by
an open and sensible current; but it has been emptied by many secret
and insensible canals, and the want of industry and commerce renders at
present the papal dominions the poorest territories in all Italy.
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.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account