London (England) -- Description and travel; London (England) -- History -- 18th century
To the tobacco plantations are exported clothing, household goods, iron
manufactures of all sorts, saddles, bridles, brass and copper wares; and
notwithstanding they dwell among the woods, they take their very turnery
wares, and almost everything else that may be called the manufacture of
England.
England takes from them not only what tobacco is consumed at home, but
very great quantities for re-exportation.
To Carolina are exported the same commodities as to the tobacco
plantations. This country lying between the 32nd and 36th degrees of
northern latitude, the soil is generally fertile. The rice it produces
is said to be the best in the world; and no country affords better silk
than has been brought from thence, though for want of sufficient
encouragement the quantity imported is very small. It is said both bohea
and green tea have been raised there, extraordinary good of the kind.
The olive-tree grows wild, and thrives very well, and might soon be
improved so far as to supply us with large quantities of oil. It is said
the fly from whence the cochineal is made is found very common, and if
care was taken very great quantities might be made. The indigo plant
grows exceedingly well. The country has plenty of iron mines in it, and
would produce excellent hemp and flax, if encouragement was given for
raising it.
To Pennsylvania are exported broad-cloth, kerseys, druggets, serges, and
manufactures of all kinds.
To New England are exported all sorts of woollen manufactures, linen,
sail-cloth and cordage for rigging their ships, haberdashery, &c. They
carry lumber and provisions to the sugar plantations; and exchange
provisions for logwood with the logwood-cutters at Campeachy. They send
pipe and barrel-staves and fish to Spain, Portugal, and the Straits.
They send pitch, tar, and turpentine to England, with some skins.
Having considered the trading companies, and other branches of foreign
trade, I shall now inquire into the establishment of the Bank of England.
The governor and company of the Bank of England, &c., are enjoined not to
trade, or suffer any person in trust for them to trade, with any of the
stock, moneys or effects, in the buying or selling of any merchandise or
goods whatsoever, on pain of forfeiting the treble value. Yet they may
deal in bills of exchange, and in buying and selling of bullion, gold or
silver, or in selling goods mortgaged to them, and not redeemed at the
time agreed on, or within three months after, or such goods as should be
the produce of lands purchased by the corporation. All bills obligatory
and of credit under the seal of the corporation made to any person, may
by endorsement be assigned, and such assignment shall transfer the
property to the moneys due upon the same, and the assignee may sue in his
own name.
Public-domain text, read in full here on John Shaqi.
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