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ID Title Author Corrected Date of Publication (TCP Date of Publication) STC Words Pages
A88298 Seasonable observations humbly offered to his highness the Lord Protector By Samuel Lambe of London, merchant. Lambe, Samuel. 1657 (1657) Wing L229; ESTC R225308 27,318 26

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hinder us of those commodityes which that Countrey doth afford that we may have great need of as in time of Warre of Salt-Peter to make Gunpowder so as we shall have no commodity from thence but what the Dutch will spare us at their own prizes which makes me remember a notable passage I have heard of the Durch in India where a Ship of theirs arriving at a trading-Port in that Countrey laden with one onely commodity which they knew the place wanted therefore set what price on it they pleased which the Townsemen refused to give them and on the contrary held off buying the same presuming they would take their offer for the Commodity rather than go to another Market or lye in Port with a great charge of Men Victualls and Wages to expect more which the Dutch perceiving resolved to prevent the Townsemen of their delaying them and yet also have their price therefore immediately caused the one half of the commodity to be carryed ashore and there burnt in the sight of the Townsemen and then demanded as much for the remaining half as the whole would have come to at the price they made which the Inhabitants were forced to give for the said half part rather than want the said Commodity fearing least half the remaining part should be burnt also and then must give as much for one quarter of it as they might have had the whole parcell for before any of it was burnt Such is the force and power of trade where a usefull commodity is wanting and when engrossed into one hand But besides the Trade of India it is too much felt how the English Trade in Turkey is at this present also in the East Countrey and at Hamburgh to serve all Germany and in all the Streights over where the Dutch not onely under-sell us in their own but in our Native Commodities as Cloath Tyn Lead c. they buying these Commodities of the English at the best hand and cheapest season of the year as Cloath carried over to them rough and white they die and dress and sell it before we can ours drest and ship'd from hence besides that they sell made in Suffolk and of their own making of English and Spanish Wool mixt together also they may buy our Lead here when the English Merchants ship out least at that time it is cheapest and commonly riseth at the going out of Turkey Ships or at any Herring season which I have often known to my cost to rise from 11 or 12 l. per Fodder to 14 or 15 l. per Fodder and upwards as at this day which is about 20 l. per cent difference which with the cheapness of Freight in their own ships to what is paid in English ships and saving insurance by sending Convoys with their Fleets enables them to undersel us abroad and o have the preemption of Foreign Goods for Returns and raise the price of tthem upon us so have they advantage of us every way to the great discouragement of the English Trade and insensible weakning of the English power which courses the English cannot take for want of stock much of it lying dead sometimes two or three years and in danger oftentimes in a remote Countrey in unsold Commodities as at this day And should they take up moneys at interest to prosecute such a Trade as the case now stands it would suddenly and insensibly eat them out of their Estates which oftentimes is gained with long and toilsome labour and great hazard On the contrary the Dutch are herein enabled to raise good profit by the quickness of their Returns the largeness of their Stock which is encreased by Banks and the continuance of their Trades from one generation to another and partly by lowness of money at interest which is occasioned as I shall shew hereafter The like may be said of the Trade in Russia the East Countrey and other places where the Dutch and we have trading together they finde ways to undermine us to our great loss and discouragement though few old Traders consider the cause in all their lives But I instance onely in the two former Trades because they chiefly give employment to our Warlike shipping Trade Fourthly touching the reason of the Hollanders so great thriving in Trade before us may be these Their Statesmen sitting at the Helm steering the affairs of their Government are many of them Merchants in present trade or have been bred so in their minorities or by travel in other Countreys or well grounded experience at home have well understood the course of Trade whereby they are enabled the better making the encrease Protection and encouragement of Trade their chiefest care to further it in their interest of State with other Nations in all Treaties and therein make such provision for the furtherance thereof in their own behalfs as may make most for their benefit and advantage and prejudice and inconvenience of the other State whom they can most prevail with and over-rule so that their good management in foreseeing the benefits and inconveniences that may happen is one main cause of their so admired flourishing condition from so small beginnings For who can give better advice in any Trade than he that studies it or is bred up in the same They have a custom that when any of their Tradesmen dye they divide their estates equally among their children whereby the youngest having equall education with the eldest is with his stock capable of driving as good a trade as the eldest by which means their estates in trade descend to their posterities and also the rules instructions and many years experience and observations that gained their Parents their estates and oftentimes the very same trades also they having no lands to purchase as other Nations have But on the contrary it is the usual custom in England when a Tradesman dies that hath children having raised his estate to give mean portions to his younger sons and make the eldest possessor of the greatest part of his estate who addicts himself oftentimes to the pleasures of Hunting Hawking and such like pastimes betaking himself wholly to a Countrey life were either by encrease of his charge ill husbandry or want of skill to manage his estate which peradventure is thereby much impaired therefore is usually desirous if he have so much money left to put his sons apprentice to learn trades to get their livelihoods And when they are made Freemen if they did not miscarry before are oftentimes as far to seek for a way to get their livings by for want of stock to set up their Trades as their Grandfather was before he gained their fathers estate But if the Grandfather who knew how to get that estate he left his eldest son had also bred him up in his own trade or in some other he had been capable to instruct and inrich his children by it also so as instead of weakning the estate it would have mightily increased on him and have