The Planters of Colonial VirginiaWertenbaker, Thomas Jefferson
History
The Planters of Colonial Virginia
Wertenbaker, Thomas Jefferson
Slavery -- Virginia; Virginia -- Economic conditions; Virginia -- History -- Colonial period, ca. 1600-1775
It must be noted also that of the tobacco sent to England itself, a part
was reshipped to foreign countries. In 1610 a law was enacted for the
refunding of all import duties upon articles that were re-exported. This
drawback applied also to colonial products, but under Charles I an
exception was made in their case and the privilege withdrawn. In
consequence the importers made a vigorous protest in Parliament, and the
King, in 1631, modified his policy by ordering that of the nine pence
duty then in operation, six pence should be refunded when the tobacco
was shipped abroad. In 1632 the drawback was increased to seven pence
leaving the total duty paid by the merchants who traded through England
to foreign countries two pence a pound only.[4-38] Although this
constituted a most serious obstacle to trade and at times aroused the
merchants to bitter protest, it by no means completely blocked
re-exportation. So great were the natural qualifications of Virginia for
producing tobacco, that it was possible to purchase a cargo from the
planters on the James, proceed with it to London, pay there the two
pence a pound duty, reship it to the continent and sell it there at a
profit.[4-39] Although this trade was not extensive, it must have had an
important influence in maintaining prices and in bringing prosperity to
all classes in the colony.
Thus Virginia, contrary to the wishes of the mother country and in
defiance of her regulations, enjoyed for its staple product in the years
prior to 1660, a world market. Whether by direct trade or by
re-exportation from England a goodly share of the annual crop was
consumed in foreign countries, a share which had it been left in England
to clog the market, would have reacted disastrously upon all concerned.
It is apparent, then, that in the first half century of its existence
Virginia was the land of opportunity. The poor man who came to her
shores, whether under terms of indenture or as a freeman, found it quite
possible to establish himself as a person of some property and
consideration. We may imagine the case of the servant who had completed
his term and secured his freedom at any time during the third decade of
the Seventeenth century. As we have seen, it was an easy matter for him
to secure a small patch of land and the tools with which to cultivate
it. By his unassisted efforts, if he applied himself steadily to the
task, he could produce a good crop of tobacco, consisting perhaps of
some 400 pounds. This he could sell to the merchants for from two
shillings to six pence a pound, or a total of from £10 to £40.[4-40]
Public-domain text, read in full here on John Shaqi.
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