Constitutional history -- United States -- Sources; Constitutional law -- United States
The prosperity of commerce is now perceived and acknowledged by all
enlightened statesmen to be the most useful as well as the most
productive source of national wealth, and has accordingly become a
primary object of their political cares. By multiplying the means of
gratification, by promoting the introduction and circulation of the
precious metals, those darling objects of human avarice and enterprise,
it serves to vivify and invigorate the channels of industry, and to
make them flow with greater activity and copiousness. The assiduous
merchant, the laborious husbandman, the active mechanic, and the
industrious manufacturer,—all orders of men, look forward with eager
expectation and growing alacrity to this pleasing reward of their
toils. The often-agitated question between agriculture and commerce
has, from indubitable experience, received a decision which has
silenced the rivalship that once subsisted between them, and has
proved, to the satisfaction of their friends, that their interests are
intimately blended and interwoven. It has been found in various
countries that, in proportion as commerce has flourished, land has
risen in value. And how could it have happened otherwise? Could that
which procures a freer vent for the products of the earth, which
furnishes new incitements to the cultivation of land, which is the most
powerful instrument in increasing the quantity of money in a
state—could that, in fine, which is the faithful handmaid of labor and
industry, in every shape, fail to augment that article, which is the
prolific parent of far the greatest part of the objects upon which they
are exerted? It is astonishing that so simple a truth should ever have
had an adversary; and it is one, among a multitude of proofs, how apt a
spirit of ill-informed jealousy, or of too great abstraction and
refinement, is to lead men astray from the plainest truths of reason
and conviction.
The ability of a country to pay taxes must always be proportioned, in a
great degree, to the quantity of money in circulation, and to the
celerity with which it circulates. Commerce, contributing to both these
objects, must of necessity render the payment of taxes easier, and
facilitate the requisite supplies to the treasury. The hereditary
dominions of the Emperor of Germany contain a great extent of fertile,
cultivated, and populous territory, a large proportion of which is
situated in mild and luxuriant climates. In some parts of this
territory are to be found the best gold and silver mines in Europe. And
yet, from the want of the fostering influence of commerce, that monarch
can boast but slender revenues. He has several times been compelled to
owe obligations to the pecuniary succors of other nations for the
preservation of his essential interests, and is unable, upon the
strength of his own resources, to sustain a long or continued war.
Public-domain text, read in full here on John Shaqi.
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