Source Book of London History, from the earliest times to 1800
History
Source Book of London History, from the earliest times to 1800
London (England) -- History
The commerce of the world being in perpetual fluctuation, we can
never be too watchful, not only for preserving what we are now in
possession of, but for availing ourselves of the mistakes or
negligences of other nations, in order to acquire new branches of
it. Who could have imagined, three hundred years ago, that those
ports of the Levant, from whence, by means of the Venetians,
England, and almost all the rest of Christendom, were supplied with
the spices, drugs, etc., of India and China, should one day come
themselves to be supplied with those very articles by the remote
countries of England and Holland, at an easier rate than they were
used to have them directly from the East; or that Venice should
afterwards lose to Lisbon the lucrative trade of supplying the rest
of Europe with them; or lastly, that Lisbon should afterwards lose
the same to Amsterdam; or that Amsterdam and Haerlem should
gradually lose, as in great part they have done, their famous and
fine linen manufactures to Ireland and Scotland? At present, our
woollen manufacture is the noblest in the universe; and second to it
is our metallic manufacture of iron, steel, tin, copper, lead, and
brass, which is supposed to employ upwards of half a million of
people. Our unmanufactured wool alone, of one year's produce or
growth, has been estimated to be worth two millions sterling; and,
when manufactured, it is valued at six millions more, and is thought
to employ upwards of a million of our people in its manufacture;
whereas in former times all our wool was exported unmanufactured,
and our own people remained unemployed. Even within the three last
centuries, the whole rental or value of all the lands and houses in
England did not exceed five millions; but by the spirited exertions
of the City of London, seconded by the merchants of the principal
trading towns in the country, the rental of England is now estimated
at twenty millions per annum, or more; of which vast benefit our
nobility, gentry, and landholders begin to be fully sensible, by the
immense increase in the value or fee-simple of their lands, which
has gradually kept pace with the increase and value of our
commercial intercourse with foreign nations, of which the following
are at present the most considerable:
To Turkey we export woollen cloths, tin, lead, and iron, solely in
our own shipping; and bring from thence raw silk, carpets, galls,
and other dyeing ingredients, cotton, fruits, medicinal drugs, etc.
To Italy we export woollen goods of various kinds, peltry, leather,
lead, tin, fish, and East India merchandise; and bring back raw and
thrown silk, wines, oil, soap, olives, oranges, lemons,
pomegranates, dried fruits, colours, anchovies, etc.
Public-domain text, read in full here on John Shaqi.
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