Principles of Political Economy, Vol. 2Roscher, Wilhelm
General
Principles of Political Economy, Vol. 2
Roscher, Wilhelm
Economics
[Footnote 187-4: Thus even the emperor Paul of Russia caused
the property of English factors to be confiscated. The
galleons which Holland and England captured in the Spanish
war of succession belonged mostly to Amsterdam houses.
(_Ranke_, Franz. Gesch., IV, 226.) Even _Galiani_, Della
Moneta, IV, 3, thinks that, on this account, such commerce
is incompatible with the warlike spirit. It is certain,
however, that a government like the English would do well
not to permit a war with such countries as Russia or the
United States to break out too suddenly, that their subjects
might have time to collect all their outstanding dues. When,
in 1855, it was reported in London that all Russian drafts
were dishonored, people looked upon that fact as the surest
sign of coming war. English merchants had called in their
advances to Russia during the preceding economic period, and
refused to make new ones.]
[Footnote 187-5: This of course disappears when the
borrowing country is dependent on the loaning country. Thus,
the Canton of Uri formerly prohibited the inhabitants of the
Livinerthal to borrow capital except from them. It is said
that, at the beginning of this century, the Uri capital then
loaned amounted to one-half a million florins, that is, an
average of 250 per householder. Now it is not over one-fifth
of that amount. (_Franscini_, Canton Tessin, 126.) Think
also of the plantation colonies! But even the East Indies
may be looked upon as a species of colony for England. Hence
_Fawcett_, Manual, 105, is rightly of the opinion that no
other country has the possibility of being as useful to the
East Indies as England. And in fact, the East Indian
railways obtained of their capital of £82,500,000, only a
very small part, £800,000, in India itself, a very small
proportion of which latter sum was subscribed by the native
population. (Ausland 24, Juli, 1869.)]
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