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 is unfortunate that figures for re-exported tobacco during the
earlier years of the Restoration period are lacking. In 1688, however,
it is stated that the duty of a half penny a pound was yielding the
Crown an annual revenue of £15,000, which would indicate that about
7,200,000 pounds were leaving for foreign ports.[7-8] Ten years later,
if we may believe the testimony of John Linton, exports of tobacco
totalled 50,000 or 60,000 hogsheads, or from 25,000,000 to 30,000,000
pounds. Not more than a fourth of the colonial leaf, he tells us, was
consumed in England itself.[7-9] Once more Virginia and Maryland were
producing tobacco for all Europe, once more they enjoyed a world market.
This trade was extended from one end of the continent to the other.
Vessels laden with American tobacco found their way not only to the
ports of France and Holland and Spain, but even to the distant cities of
Sweden and Russia.[7-10] The Baltic trade alone amounted to from 5,000
to 10,000 hogsheads, and added from £10,000 to £24,000 to the income of
the planters. The chief Russian port of entry was Narva, which took
annually some 500 hogsheads, but large quantities were shipped also to
Riga and Raval.[7-11] The northern nations bought the cheaper varieties,
for no tobacco could be too strong for the hardy men of Sweden and
Russia.
The trade was of great importance to England, as the leaf, after it had
gone through the process of manufacture, sold for about six pence a
pound, yielding to the nation in all from £60,000 to £130,000.[7-12] As
the English were still largely dependent upon the Baltic for potash and
ship stores, this constituted a most welcome addition to the balance of
trade. To the colonies also it was vital, carrying off a large part of
the annual crop, and so tending to sustain prices.
France, too, proved a good customer for English tobacco, and in the
years prior to the War of the Spanish Succession took annually from
8,000 to 10,000 hogsheads, or from 4,000,000 to 6,000,000 pounds.[7-13]
Micajah Perry reported to the Lords of Trade that from 6,000 to 10,000
hogsheads went to France from London alone, while a very considerable
amount was sent also from other ports.[7-14]
Public-domain text, read in full here on John Shaqi.
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