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authority_n act_n parliament_n power_n 4,990 5 5.0858 4 true
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ID Title Author Corrected Date of Publication (TCP Date of Publication) STC Words Pages
A32833 A new discourse of trade wherein is recommended several weighty points relating to companies of merchants : the act of navigation, naturalization of strangers, and our woollen manufactures, the balance of trade, and the nature of plantations, and their consequences in relation to the kingdom, are seriously discussed and some proposals for erecting a court of merchants for determining controversies, relating to maritime affairs, and for a law for transferrance of bills of depts, are humbly offered / by Josiah Child. Child, Josiah, Sir, 1630-1699.; Culpeper, Thomas, Sir, 1578-1662. Small treatise against usury. 1693 (1693) Wing C3860; ESTC R5732 114,526 332

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bag_n when_o the_o plaintiff_n and_o defendant_n have_v tire_v their_o body_n distract_v their_o mind_n and_o consume_v their_o estate_n the_o cause_n if_o ever_o it_o be_v end_v be_v common_o by_o order_n of_o that_o court_n refer_v to_o merchant_n end_v miserable_o where_o it_o may_v have_v have_v at_o first_o a_o happy_a issue_n if_o it_o have_v begin_v right_o from_o whence_o follow_v these_o national_a inconvenience_n 1._o it_o be_v a_o vaest_a expense_n to_o the_o person_n concern_v 2._o it_o take_v off_o man_n from_o follow_v their_o calling_n to_o the_o public_a loss_n as_o well_o as_o the_o particular_a damage_n of_o the_o concern_v that_o time_n be_v lose_v to_o the_o nation_n that_o be_v spend_v in_o law-suit_n 3._o it_o make_v man_n after_o they_o have_v once_o attain_v indifferent_a estate_n to_o leave_v trading_n and_o for_o ease_n to_o turn_v country-gentlemen_a whereas_o great_a and_o experience_a man_n be_v the_o only_a person_n that_o must_v mate_v the_o dutch_a in_o 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poor_a condition_n the_o reason_n whereof_o to_o i_o seem_v clear_o to_o be_v because_o a_o great_a part_n of_o the_o stock_n employ_v in_o the_o aforesaid_a great_a trade_n be_v take_v up_o at_o interest_n and_o consequent_o own_v by_o londoner_n and_o other_o absentee_n and_o though_o it_o may_v be_v hope_v that_o this_o be_v not_o yet_o the_o case_n of_o england_n yet_o it_o be_v a_o demonstration_n that_o the_o notion_n of_o take_v the_o balance_n this_o way_n be_v not_o absolute_o and_o in_o all_o place_n and_o under_o all_o circumstance_n without_o exception_n true_a &_o good_a for_o in_o case_n the_o trade_n of_o england_n shall_v be_v carry_v on_o by_o absentees_n than_o the_o supposition_n upon_o which_o this_o notion_n be_v ground_v viz._n that_o when_o the_o export_n over_o balance_n the_o import_v the_o surplusage_n be_v return_v into_o england_n in_o bulloin_n will_v prove_v a_o mistake_n and_o the_o contrary_n will_v be_v true_a viz._n that_o the_o surplusage_n will_v be_v convey_v into_o foreign_a part_n to_o the_o place_n of_o the_o residence_n of_o such_o absentee_n 2._o the_o second_o thing_n i_o be_o to_o illustrate_v be_v that_o this_o rule_n bare_o consider_v be_v fallible_a and_o erroneous_a as_o to_o particular_a and_o distinct_a trade_n this_o will_v appear_v if_o it_o be_v consider_v that_o a_o true_a measure_n of_o any_o particular_a trade_n as_o to_o the_o profit_n or_o loss_n of_o the_o nation_n thereby_o can_v be_v take_v by_o the_o consideration_n of_o such_o trade_n in_o itself_o single_o but_o as_o it_o stand_v in_o reference_n and_o be_v subservient_fw-fr to_o the_o general_a trade_n of_o the_o kingdom_n for_o it_o may_v so_o fall_v out_o that_o there_o may_v be_v some_o place_n to_o which_o little_a of_o our_o english_a manufacture_n be_v export_v and_o yet_o the_o commodity_n we_o have_v from_o thence_o may_v be_v so_o necessary_a to_o the_o carry_v on_o our_o trade_n in_o general_n or_o some_o other_o particular_a trade_n that_o without_o they_o the_o nation_n will_v great_o decline_v and_o decay_v in_o trade_n now_o in_o this_o case_n if_o we_o shall_v measure_v such_o a_o particular_a trade_n by_o the_o aforesaid_a notion_n of_o the_o balance_n we_o shall_v find_v the_o import_v abundant_o exceed_v the_o export_n and_o so_o be_v ready_a to_o conclude_v against_o such_o a_o trade_n as_o destructive_a whereas_o notwithstanding_o it_o may_v in_o truth_n be_v a_o very_a necessary_a beneficial_a trade_n and_o to_o the_o very_a great_a advantage_n of_o the_o nation_n as_o for_o instance_n the_o trade_n of_o denmark_n and_o norway_n the_o import_v from_o whence_o be_v certain_o many_o time_n the_o value_n of_o our_o native_a commodity_n export_v thither_o and_o yet_o it_o can_v be_v deny_v but_o that_o trade_n be_v advantageous_a to_o the_o kingdom_n not_o only_o because_o it_o give_v or_o will_v give_v employment_n to_o two_o hundred_o or_o three_o hundred_o sail_n of_o english_a ship_n if_o we_o do_v a_o little_a mend_v our_o act_n of_o navigation_n but_o principal_o because_o the_o commodity_n import_v from_o thence_o as_o timber_n pitch_n deal_v and_o tar_n be_v of_o such_o necessary_a use_n in_o order_n to_o the_o building_n and_o supply_v our_o ship_n that_o without_o they_o other_o trade_n can_v not_o be_v carry_v on_o it_o will_v not_o be_v deny_v by_o the_o honourable_a east-india_n company_n but_o they_o import_v much_o more_o good_n into_o england_n than_o they_o export_v &_o that_o to_o purchase_v the_o same_o they_o carry_v out_o quantity_n of_o gold_n &_o silver_n annual_o yet_o no_o man_n that_o understand_v any_o thing_n of_o the_o trade_n of_o the_o world_n will_v affirm_v that_o england_n lose_v by_o that_o trade_n the_o dutch_a with_o good_a reason_n esteem_v the_o trade_n of_o the_o east-indies_n more_o profitable_a to_o they_o than_o be_v the_o mine_n of_o gold_n and_o silver_n in_o america_n to_o the_o king_n of_o spain_n and_o if_o the_o english_a company_n be_v vest_v by_o act_n of_o parliament_n with_o so_o much_o authority_n as_o the_o dutch_a have_v and_o thereby_o encourage_v to_o drive_v as_o full_a a_o trade_n thither_o as_o the_o dutch_a do_v i_o doubt_v not_o but_o it_o will_v be_v so_o not_o so_o much_o to_o the_o private_a gain_n of_o the_o member_n of_o that_o company_n as_o the_o public_a profit_n of_o this_o kingdom_n in_o general_a however_o as_o it_o be_v it_o will_v not_o be_v difficult_a to_o prove_v that_o it_o be_v the_o most_o beneficial_a trade_n this_o nation_n drive_v at_o present_a for_o 1_o st_o that_o trade_n constant_o employ_v twenty_o five_o to_o thirty_o sail_n of_o the_o most_o warlike_a ship_n in_o england_n with_o sixty_o to_o a_o hundred_o man_n in_o each_o ship_n and_o may_v in_o two_o or_o three_o year_n more_o employ_v a_o great_a number_n and_o in_o order_n to_o the_o carry_v on_o that_o trade_n that_o company_n have_v late_o unconstrained_a give_v considerable_a encouragement_n for_o the_o build_n of_o great_a ship_n which_o have_v have_v good_a effect_n 2_o dly_z it_o supply_v the_o nation_n constant_o and_o full_o with_o that_o in_o this_o age_n necessary_a material_a of_o salt-petre_n 3_o dly_z it_o employ_v the_o nation_n for_o its_o consumption_n with_o pepper_n indigo_n calico_n and_o several_a useful_a drug_n near_o the_o value_n of_o 150000_o l._n to_o 180000_o l._n per_fw-la annum_fw-la 4_o thly_a it_o furnish_v we_o with_o pepper_n cowrye_n long-cloth_n and_o other_o calico_n and_o paint_a stuff_n proper_a for_o the_o trade_n of_o turkey_n italy_n spain_n france_n and_o guiny_n to_o the_o amount_v of_o 2_o or_o 300000_o l._n per_fw-la annum_fw-la most_o of_o which_o trade_n we_o can_v not_o carry_v on_o with_o any_o considerable_a advantage_n but_o for_o those_o supply_n and_o these_o good_n export_v do_v produce_v in_o foreign_a part_n to_o be_v return_v to_o england_n six_o time_n the_o treasure_n in_o specie_fw-la that_o the_o company_n export_v from_o hence_o now_o if_o not_o only_o the_o aforesaid_a advantage_n be_v serious_o consider_v but_o also_o what_o detriment_n the_o nation_n will_v sustain_v if_o we_o be_v deprive_v of_o those_o supply_n both_o in_o point_n of_o strength_n and_o warlike_a provision_n in_o regard_n of_o ship_n and_o salt-petre_n but_o also_o in_o respect_n of_o the_o furtherance_n it_o give_v to_o many_o other_o trade_n beforementioned_a it_o will_v easy_o appear_v that_o this_o trade_n though_o its_o import_v exceed_v its_o export_n be_v the_o most_o advantageous_a trade_n to_o england_n and_o deserve_v all_o encouragement_n for_o be_v we_o to_o buy_v all_o our_o pepper_n and_o calico_n etc._n etc._n of_o the_o dutch_a they_o will_v raise_v our_o pepper_n which_o now_o stand_v the_o nation_n but_o about_o 3_o d._n per_fw-la pound_n in_o india_n to_o or_o near_o the_o proportion_n which_o they_o have_v advance_v on_o nutmeg_n clove_n and_o mace_n which_o cost_v the_o dutch_a not_o much_o more_o per_fw-mi pound_n in_o india_n than_o pepper_n since_o they_o engross_v the_o trade_n for_o those_o commodity_n and_o the_o use_n of_o callico_n in_o england_n will_v be_v supply_v by_o foreign_a linen_n at_o great_a price_n so_o that_o what_o may_v be_v secure_v from_o this_o nation_n be_v consumption_n will_v in_o probability_n cost_v they_o above_o 400000_o l._n per_fw-la annum_fw-la more_o than_o now_o it_o do_v and_o our_o foreign_a trade_n for_o italy_n guiny_n etc._n etc._n will_v in_o part_n decay_n for_o want_n of_o the_o aforesaid_a supply_n there_o be_v another_o notion_n concern_v the_o balance_n of_o trade_n which_o i_o think_v not_o impertinent_a here_o to_o take_v notice_n of_o viz._n some_o be_v of_o opinion_n that_o the_o way_n to_o know_v whether_o the_o nation_n get_v or_o lose_v in_o the_o general_a by_o its_o foregoing_a trade_n be_v to_o take_v a_o inspection_n into_o the_o course_n of_o the_o exchange_n be_v general_o above_o the_o intrinsic_a value_n or_o par_fw-fr of_o the_o coin_n of_o foreign_a country_n we_o not_o only_o lose_v by_o such_o exchange_n but_o the_o same_o be_v a_o demonstration_n that_o we_o lose_v by_o the_o general_a course_n of_o our_o foreign_a trade_n and_o that_o we_o require_v more_o supply_n of_o commodity_n from_o abroad_o than_o our_o export_n in_o good_n do_v serve_v to_o purchase_v and_o certain_a it_o be_v that_o when_o once_o the_o exchange_n come_v to_o be_v 5_o or_o 6_o per_fw-mi cent_z above_o the_o true_a value_n of_o foreign_a money_n our_o treasure_n will_v be_v carry_v out_o whatever_o law_n shall_v be_v make_v to_o prevent_v it_o and_o on_o the_o contrary_a when_o the_o exchange_n be_v general_o below_o the_o true_a value_n of_o the_o foreign_a coin_n it_o be_v a_o evidence_n that_o our_o export_n do_v in_o value_n exceed_v what_o we_o require_v from_o abroad_o and_o so_o if_o the_o exchange_n come_v to_o be_v 5_o or_o 6_o