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cause_n effect_n good_a produce_v 2,277 5 8.1845 4 true
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ID Title Author Corrected Date of Publication (TCP Date of Publication) STC Words Pages
A51598 England's treasure by forraign trade, or, The ballance of our forraign trade is the rule of our treasure written by Thomas Mun ; and now published for the common good by his son John Mun. Mun, Thomas, 1571-1641.; Mun, John. 1664 (1664) Wing M3073; ESTC R25740 60,124 235

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lose_v so_o much_o treasure_n and_o that_o this_o be_v a_o act_n direct_o against_o the_o long_a continue_a law_n make_v and_o confirm_v by_o the_o wisdom_n of_o this_o kingdom_n in_o the_o high_a court_n of_o parliament_n and_o that_o many_o place_n nay_o spain_n itself_o which_o be_v the_o fountain_n of_o money_n forbid_v the_o exportation_n thereof_o some_o case_n only_o except_v to_o all_o which_o i_o may_v answer_v that_o venice_n florence_n genoa_n the_o low_a country_n and_o divers_a other_o place_n permit_v it_o their_o people_n applaud_v it_o and_o find_v great_a benefit_n by_o it_o but_o all_o this_o make_v a_o noise_n and_o prove_v nothing_o we_o must_v therefore_o come_v to_o those_o reason_n which_o concern_v the_o business_n in_o question_n first_o i_o will_v take_v that_o for_o grant_v which_o no_o man_n of_o judgement_n will_v deny_v that_o we_o have_v no_o other_o mean_n to_o get_v treasure_n but_o by_o foreign_a trade_n for_o mine_n we_o have_v none_o which_o do_v afford_v it_o and_o how_o this_o money_n be_v get_v in_o the_o manage_n of_o our_o say_a trade_n i_o have_v already_o show_v that_o it_o be_v do_v by_o make_v our_o commodity_n which_o be_v export_v yearly_a to_o over_o balance_n in_o value_n the_o foreign_a ware_n which_o we_o consume_v so_o that_o it_o rest_v only_o to_o show_v how_o our_o money_n may_v be_v add_v to_o our_o commodity_n and_o be_v joint_o export_v may_v so_o much_o the_o more_o increase_v our_o treasure_n we_o have_v already_o suppose_v our_o yearly_a consumption_n of_o foreign_a ware_n to_o be_v for_o the_o value_n of_o twenty_o hundred_o thousand_o pound_n and_o our_o exportation_n to_o exceed_v that_o two_o hundred_o thousand_o pound_n which_o sum_n we_o have_v thereupon_o affirm_v be_v bring_v to_o we_o in_o treasure_n to_o balance_v the_o account_n but_o now_o if_o we_o add_v three_o hundred_o thousand_o pound_n more_o in_o ready_a money_n unto_o our_o former_a exportation_n in_o ware_n what_o profit_n can_v we_o have_v will_n some_o man_n say_v although_o by_o this_o mean_v we_o shall_v bring_v in_o so_o much_o ready_a money_n more_o than_o we_o do_v before_o see_v that_o we_o have_v carry_v out_o the_o like_a value_n to_o this_o the_o answer_n be_v that_o when_o we_o have_v prepare_v our_o exportation_n of_o ware_n and_o send_v out_o as_o much_o of_o every_o thing_n as_o we_o can_v spare_v or_o vent_v abroad_o it_o be_v not_o money_n therefore_o say_v that_o then_o we_o shall_v add_v our_o money_n thereunto_o to_o fetch_v in_o the_o more_o money_n immediate_o but_o rather_o first_o to_o enlarge_v our_o trade_n by_o enable_v we_o to_o bring_v in_o more_o foreign_a ware_n which_o be_v send_v out_o again_o will_v in_o due_a time_n much_o increase_v our_o treasure_n for_o although_o in_o this_o manner_n we_o do_v yearly_o multiply_v our_o importation_n to_o the_o maintenance_n of_o more_o ship_n and_o mariner_n improvement_n of_o his_o majesty_n custom_n and_o other_o benefit_n yet_o our_o 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and_o bring_v hither_o to_o be_v after_o transport_v from_o hence_o into_o france_n the_o low_a country_n or_o germany_n the_o merchant_n shall_v have_v good_a gain_n although_o he_o sell_v it_o there_o but_o for_o one_o hundred_o and_o fifty_o thousand_o pound_n and_o thus_o take_v the_o voyage_n altogether_o in_o their_o medium_fw-la the_o money_n export_v will_v be_v return_v unto_o we_o more_o than_o treble_v but_o if_o any_o man_n will_v yet_o object_v that_o these_o return_n come_v to_o we_o in_o ware_n and_o not_o real_o in_o money_n as_o they_o be_v issue_v out_o the_o answer_n be_v keep_v our_o first_o ground_n that_o if_o our_o consumption_n of_o foreign_a ware_n be_v no_o more_o yearly_a than_o be_v already_o suppose_a and_o that_o our_o exportation_n be_v so_o mightliy_v increase_v by_o this_o manner_n of_o trade_n with_o ready_a money_n as_o be_v before_o declare_v it_o be_v not_o then_o possible_a but_o that_o all_o the_o overbalance_n or_o difference_n shall_v return_v 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of_o commutation_n or_o barter_n when_o there_o be_v little_a money_n stir_v in_o the_o world_n the_o italian_n and_o some_o other_o nation_n have_v such_o remedy_n against_o this_o want_n that_o it_o can_v neither_o decay_v nor_o hinder_v their_o trade_n for_o they_o transfer_v bill_n of_o debt_n and_o have_v bank_n both_o public_a and_o private_a wherein_o they_o do_v assign_v their_o credit_n from_o one_o to_o another_o daily_o for_o very_o great_a sum_n with_o ease_n and_o satisfaction_n by_o write_n only_o whilst_o in_o the_o mean_a time_n the_o mass_n of_o treasure_n which_o give_v foundation_n to_o these_o credit_n be_v employ_v in_o foreign_a trade_n as_o a_o merchandise_n and_o by_o the_o say_a mean_n they_o have_v little_a other_o use_n of_o money_n in_o those_o country_n more_o than_o for_o their_o ordinary_a expense_n it_o be_v not_o therefore_o the_o keep_n of_o our_o money_n in_o the_o kingdom_n but_o the_o necessity_n and_o use_n of_o our_o ware_n in_o foreign_a 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particular_n we_o shall_v find_v that_o it_o can_v produce_v such_o good_a effect_n for_o as_o the_o use_n of_o foreign_a trade_n nation_n be_v alike_o unto_o all_o nation_n so_o may_v we_o easy_o perceive_v what_o will_v be_v do_v therein_o by_o stranger_n when_o we_o do_v but_o observe_v our_o own_o proceed_n in_o this_o weighty_a business_n by_o which_o we_o do_v not_o only_o seek_v with_o the_o vent_n of_o our_o own_o commodity_n to_o supply_v our_o want_n of_o foreign_a ware_n but_o also_o to_o enrich_v ourselves_o with_o treasure_n all_o which_o be_v do_v by_o a_o different_a manner_n of_o trade_v according_a to_o our_o own_o occasion_n and_o the_o nature_n of_o the_o place_n whereunto_o we_o do_v trade_n as_o namely_o in_o some_o country_n we_o sell_v our_o commodity_n and_o bring_v away_o their_o ware_n or_o part_n in_o money_n in_o other_o country_n we_o sell_v our_o good_n and_o take_v their_o money_n because_o they_o have_v little_a or_o no_o ware_n that_o fit_v our_o turn_n 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fish_n corn_n or_o munition_n to_o return_v all_o or_o part_n of_o the_o value_n in_o money_n victual_n and_o munition_n for_o war_n be_v so_o precious_a in_o a_o commonwealth_n that_o either_o it_o seem_v necessary_a to_o restrain_v the_o exportation_n altogether_o or_o if_o the_o plenty_n permit_v it_o to_o require_v the_o return_n thereof_o in_o so_o much_o treasure_n which_o appear_v to_o be_v reasonable_a and_o without_o difficulty_n because_o spain_n and_o other_o country_n do_v willing_o part_v with_o their_o money_n for_o such_o ware_n although_o in_o other_o occasion_n of_o trade_n they_o straight_o prohibit_v the_o exportation_n thereof_o all_o which_o i_o grant_v to_o be_v true_a yet_o notwithstanding_o we_o must_v consider_v that_o all_o the_o way_n and_o mean_n which_o in_o course_n of_o trade_n force_v treasure_n into_o the_o kingdom_n do_v not_o therefore_o make_v it_o we_o for_o this_o can_v be_v do_v only_o by_o a_o lawful_a gain_n and_o this_o gain_n be_v no_o way_n to_o be_v accomplish_v but_o by_o the_o overballance_n of_o our_o trade_n and_o this_o overballance_n be_v make_v less_o by_o restriction_n therefore_o such_o restriction_n do_v hinder_v the_o increase_n trade_n of_o our_o treasure_n the_o argument_n be_v plain_a and_o needs_o no_o other_o reason_n to_o strengthen_v it_o except_o any_o man_n be_v so_o vain_a to_o think_v that_o restriction_n will_v not_o cause_v the_o less_o ware_n to_o be_v export_v but_o if_o this_o likewise_o shall_v be_v grant_v yet_o to_o enjoin_v the_o merchant_n to_o bring_v in_o money_n for_o victual_n and_o munition_n carry_v out_o will_v not_o cause_v we_o to_o have_v one_o penny_n the_o more_o in_o the_o kingdom_n at_o the_o year_n end_n for_o whatsoever_o be_v force_v in_o one_o way_n must_v out_o again_o another_o way_n because_o only_o so_o much_o will_v remain_v
yet_o all_o this_o and_o more_o will_v soon_o be_v lose_v again_o in_o the_o future_a great_a income_n of_o his_o majesty_n when_o by_o this_o mean_v they_o must_v be_v pay_v yearly_o with_o money_n of_o less_o intrinsique_n value_v then_o former_o nor_o can_v it_o be_v say_v that_o the_o whole_a loss_n of_o the_o kingdom_n will_v be_v the_o profit_n of_o the_o king_n they_o differ_v infinite_o for_o all_o man_n estate_n be_v it_o lease_n land_n debt_n ware_n or_o money_n must_v suffer_v in_o their_o proportion_n whereas_o his_o majesty_n shall_v have_v the_o gain_n only_o upon_o so_o much_o ready_a money_n as_o may_v be_v new_o coin_v which_o in_o comparison_n will_v prove_v a_o very_a small_a matter_n for_o although_o they_o who_o have_v other_o estate_n in_o money_n be_v say_v to_o be_v a_o great_a number_n and_o to_o be_v worth_a pound_n five_o or_o ten_o thousand_o l._n per_fw-la man_n more_o or_o less_o which_o amount_v to_o many_o million_o in_o all_o yet_o be_v they_o not_o possess_v thereof_o all_o together_o or_o at_o once_o for_o it_o be_v vanity_n and_o against_o their_o profit_n to_o keep_v continual_o in_o their_o hand_n above_o forty_o or_o fifty_o pound_n in_o a_o family_n to_o defray_v necessary_a charge_n the_o rest_n must_v ever_o run_v from_o man_n to_o man_n in_o traffic_n for_o their_o benefit_n whereby_o we_o may_v conceive_v that_o a_o little_a money_n be_v make_v the_o measure_n of_o all_o our_o other_o mean_n do_v rule_v and_o distribute_v great_a matter_n daily_o to_o all_o man_n in_o their_o just_a proportion_n and_o we_o must_v know_v likewise_o that_o much_o of_o our_o old_a money_n be_v wear_v light_n and_o therefore_o will_v yield_v little_a or_o no_o profit_n at_o the_o mint_n and_o the_o gain_n upon_o the_o heavy_a will_v cause_v our_o vigilant_a neighbour_n to_o carry_v over_o a_o great_a part_n thereof_o and_o return_v it_o present_o in_o piece_n of_o the_o new_a stamp_n nor_o do_v we_o doubt_v that_o some_o of_o our_o own_o countryman_n will_v turn_v coiner_n and_o venture_v a_o hang_n for_o this_o profit_n so_o that_o his_o majesty_n in_o the_o end_n shall_v get_v little_a by_o such_o alteration_n yea_o but_o say_v some_o man_n if_o his_o majesty_n raise_v the_o money_n great_a store_n of_o treasure_n will_v also_o be_v bring_v into_o the_o mint_n from_o foreign_a part_n for_o we_o have_v see_v by_o experience_n that_o the_o late_a raise_n of_o our_o gold_n ten_o in_o the_o hundred_o do_v bring_v in_o great_a store_n thereof_o more_o than_o we_o be_v accustom_v to_o have_v in_o the_o kingdom_n the_o which_o as_o i_o can_v deny_v so_o do_v i_o likewise_o affirm_v that_o this_o gold_n carry_v away_o all_o or_o the_o most_o part_n of_o our_o silver_n which_o be_v not_o overworn_a or_o too_o light_a as_o we_o may_v easy_o perceive_v by_o the_o present_a use_n of_o our_o money_n in_o their_o respective_a quality_n and_o the_o reason_n of_o this_o change_n be_v because_o our_o silver_n be_v not_o raise_v in_o proportion_n with_o our_o gold_n which_o still_o give_v advantage_n to_o the_o merchant_n to_o bring_v in_o the_o kingdom_n yearly_a gain_n by_o trade_n in_o gold_n rather_o than_o in_o silver_n second_o if_o we_o be_v inconstant_a in_o our_o coin_n and_o thereby_o violate_v the_o law_n of_o foreign_a commerce_n other_o prince_n be_v vigilant_a in_o these_o case_n to_o alter_v present_o in_o proportion_n with_o we_o and_o then_o where_o be_v our_o hope_n of_o if_o they_o do_v not_o alter_v what_o can_v we_o hope_v for_o for_o if_o the_o stranger-merchant_n bring_v in_o his_o ware_n and_o find_v that_o our_o money_n be_v raise_v shall_v not_o he_o likewise_o keep_v his_o commodity_n until_o he_o may_v sell_v they_o dear_a and_o shall_v not_o the_o price_n of_o the_o merchant_n exchange_n with_o foreign_a country_n rise_v in_o proportion_n with_o our_o money_n all_o which_o be_v undoubted_o true_a why_o may_v not_o our_o money_n be_v carry_v out_o of_o the_o kingdom_n as_o well_o and_o to_o as_o much_o profit_n after_o the_o raise_n thereof_o as_o before_o the_o alteration_n but_o peradventure_o some_o man_n will_v yet_o say_v that_o if_o our_o money_n be_v raise_v and_o other_o country_n raise_v not_o it_o will_v cause_v more_o bullion_n and_o foreign_a coin_n to_o be_v bring_v in_o than_o heretofore_o if_o this_o be_v do_v it_o must_v be_v perform_v either_o by_o the_o merchant_n who_o have_v export_v ware_n or_o by_o the_o merchant_n who_o intend_v to_o buy_v off_o our_o commodity_n and_o it_o be_v manifest_a that_o neither_o of_o these_o can_v have_v more_o advantage_n or_o benefit_n by_o this_o art_n now_o than_o they_o may_v have_v have_v before_o the_o alteration_n of_o the_o money_n for_o if_o their_o say_a bullion_n and_o foreign_a coin_n be_v more_o worth_a than_o former_o in_o our_o pound_n shilling_n and_o penny_n yet_o what_o shall_v they_o get_v by_o that_o when_o these_o money_n be_v base_a or_o light_a and_o that_o therefore_o they_o be_v rise_v in_o proportion_n so_o we_o may_v plain_o see_v that_o these_o innovation_n be_v no_o good_a mean_n to_o bring_v treasure_n into_o the_o kingdom_n nor_o yet_o to_o keep_v it_o here_o when_o we_o have_v it_o chap._n ix_o a_o toleration_n for_o foreign_a coin_n to_o pass_v currant_n here_o at_o high_a rate_n than_o their_o value_n with_o our_o standard_n will_v not_o increase_v our_o treasure_n the_o discreet_a merchant_n for_o the_o better_a direct_v of_o his_o trade_n and_o his_o exchange_n by_o bill_n to_o and_o from_o the_o several_a place_n of_o the_o world_n where_o he_o be_v acustome_v to_o deal_v do_v careful_o learn_v the_o parity_n or_o equal_a value_n of_o the_o money_n according_a to_o their_o weight_n and_o fineness_n compare_v with_o our_o standard_n whereby_o he_o be_v able_a to_o coin_n know_v perfect_o the_o just_a profit_n or_o loss_n of_o his_o affair_n and_o i_o make_v no_o doubt_n but_o that_o we_o trade_n to_o divers_a place_n where_o we_o vent_v off_o our_o native_a commodity_n yearly_a to_o a_o great_a value_n and_o yet_o find_v few_o or_o no_o ware_n there_o fit_v our_o use_n whereby_o we_o be_v enforce_v to_o make_v our_o return_n in_o ready_a money_n which_o by_o we_o be_v either_o carry_v into_o some_o other_o country_n to_o be_v convert_v into_o ware_n which_o we_o want_v or_o else_o it_o be_v bring_v into_o the_o realm_n in_o specie_fw-la which_o be_v tolerate_v to_o pass_v current_n here_o in_o payment_n at_o high_a rate_n than_o they_o be_v worth_a to_o be_v coin_v into_o sterling_a money_n that_o seem_v very_o probable_a that_o the_o great_a quantity_n will_v be_v bring_v in_o but_o when_o all_o the_o circumstance_n be_v due_o consider_v this_o course_n likewise_o will_v be_v find_v as_o weak_a as_o the_o rest_n to_o increase_v our_o treasure_n first_o the_o toleration_n itself_o do_v break_v the_o law_n of_o intercourse_n and_o will_v soon_o move_v other_o prince_n to_o perform_v the_o same_o act_n or_o worse_a against_o we_o and_o so_o frustrate_v our_o hope_n second_o if_o money_n be_v the_o true_a measure_n of_o all_o our_o other_o mean_n and_o foreign_a coin_n tolerate_v to_o pass_v current_n among_o we_o at_o high_a rate_n than_o they_o be_v worth_a be_v compare_v with_o our_o standard_n it_o follow_v that_o the_o common_a wealth_n shall_v not_o be_v just_o distribute_v when_o it_o pass_v by_o a_o false_a measure_n three_o if_o the_o advantage_n between_o we_o and_o foreign_a coin_n be_v but_o small_a it_o will_v bring_v in_o little_a or_o no_o treasure_n because_o the_o merchant_n will_v rather_o bring_v in_o ware_n upon_o which_o there_o be_v usual_o a_o competent_a gain_n and_o on_o the_o other_o side_n if_o we_o permit_v a_o great_a advantage_n to_o the_o foreign_a coin_n than_o that_o gain_n will_v carry_v away_o all_o our_o starling_n money_n and_o so_o i_o leave_v this_o business_n in_o a_o dilemma_n and_o fruitless_a as_o all_o other_o course_n will_v ever_o prove_v which_o seek_v for_o the_o gain_n or_o loss_n of_o our_o treasure_n out_o of_o the_o balance_n of_o our_o general_a foreign_a trade_n as_o i_o will_v endeavour_v yet_o further_o to_o demonstrate_v chap._n x._o the_o observation_n of_o the_o statute_n of_o employment_n to_o be_v make_v by_o stranger_n can_v increase_v nor_o yet_o preserve_v our_o treasure_n to_o keep_v our_o money_n in_o the_o kingdom_n be_v a_o work_n of_o no_o less_o skill_n and_o difficulty_n than_o to_o augment_v our_o treasure_n for_o the_o cause_n of_o their_o preservation_n and_o production_n be_v the_o same_o in_o nature_n the_o statute_n for_o employment_n of_o stranger_n ware_n into_o our_o commodity_n seem_v at_o the_o first_o to_o be_v a_o good_a and_o a_o lawful_a way_n lead_v to_o those_o end_n but_o upon_o the_o examination_n of_o the_o