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A58254 Reasons humbly offered by the governour, assistants, and fellowship of Eastland-Merchants against the giving of a general liberty to all persons whatsoever to export the English vvoollen-manufacture whither they please. Eastland Company. 1689 (1689) Wing R532; ESTC R184948 7,709 17

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year there should be twenty thousand Cloths sent unto a Place whose Markets and expence will take off but ten Thousand Will the Expence of our Manufacture be ever the larger for that great Exportation No for the other ten Thousand must lye undisposed of for the expence of the next year so that by how much the more Manufacture was sent the first Year there will be so much the less sent the next and so from year to year accordingly as the expence requires it unless it can be supposed that the Merchant will still be sending out without consideration had of his selling abroad which as it is irrational to suppose so it is impossible to be done without an unexhaustable stock By which it appeareth and is clearly evident That a general Permission may well change the hands of the Exporters but can never encrease the expence of the Manufacture Nor can the Companies of Merchants as such lessen or the general Permission encrese a the said Exportation but in one of these three cases viz. 1. Either first if the said Companies should make any By-Laws amongst themselves to limit the Exportation of the said Manufactures in order to advancing of it in Price This we must confess would be a hindrance to its Expence but we can and do aver that there is not nor ever was that we know of in ours or any of the said Companies any By-Laws to limit or restrain the Exportation Or 2dly If the Members of the said Companies as particular Merchants should make a combination among themselves that they would not Transport above such a number of Clothes in such a time or sell them under such a rate that so their Price might be advanced But this considering the great numbers of Persons in the several Companies their different particular Interest all which must be comprised in such a Combination is Morally Impossible and is that which never was nor can be done 3. Or Lastly if the Merchants of the respective Companies have not sufficient stock to take off asmuch of our Manufacture and send it to the respective places of their Residence as those Markets are capable of Vending but that this is not so we may with modesty affirm since it is well known that the Merchants of the respective Companies have Stocks sufficient to carry off five times as much of our Manufacture as the several Countries to which they Trade can or will vend So that the English Merchants being neither dis-enabled through want of Stock nor hindred by any By-Law nor enengaged in any combination among themselves to send less of our Manufacture to the places of their respective Trades than the Markets in those places will take off and vend it may reasonably be concluded that the Merchant would be glad to send double the quantity they now do if they could find a vent for it it being so much their Interest as to Profit to increase their Trade And that a General Permission as was before intimated may change the hands of the Exporters but cannon in any wise increase the exportation it self but instead thereof by the means of over glutting the Markets they are many times put upon a necessity of selling to loss by which inconvenience together with many other if we will believe the experience both of former Ages and latter times a General Permission hath brought our Manufacture into such dis-esteem as hath much lessened the exportation of it to what it was before Two instances whereof one of former Ages and the other of latter times we shall crave leave to offer which we presume will sufficiently clear up the truth of what has been alleadged In the 29th Year of Queen Elizabeth the Wool-Sellers Clothiers and others living upon the Woollen-manufacture finding themselves grieved for want of sufficient vent for the same made their Complaint to the Queens Majesty and her Council and did assign the same Cause as is now pretended viz The Monopoly of the several Companies and by that a wan of Permission for all Persons both Natives and Forreigners to buy it up and send it abroad upon which it was then supposed that the only Remedy to cure this evil would be to give Liberty to all Persons both her Highness's Subjects and Forreigners to buy and transport Cloth and other Woollen-Manufactures when and where they pleased and accordingly a general Permission was granted and they were enabled thereunto by Letters Pattents from her Higness directed to the then Lord-Treasurer with a non obstante to the Companies Charter and that the Charter of the City of London might be no hindrance thereunto by reason that unfreemen are thereby restrained from buying and selling at Blackwell-Hall within the said City which was the ordinary Market-place for buying and selling of Cloth the sign of the George in Kingstreet in Westminster was appointed in the said Letters Pattents as a Market-place for all Clothiers Merchants and others both free and unfree to resort unto as would take the benefit of the said General Permission But did the vent of the Manufacture encrease thereby No but rather grew worse and worse The Company being afraid to go on in their Trade under such an Innovation and the Forreigner not taking it off the Manufacture lay on the makers Hands to that degree that the poor People in Wilishire and Gloucestershire in great numbers were ready to grow into a Mutiny and when all Men expected nothing less than the abolishing of the Company as the only cause of all this Grief and the setting up the Merchants of the Steel-yard again and establishing that general Permission as the proper Remedy Nothing of this followed but the Lords of the Council sent for the Company and after they had been heard and had made known to them the true cause of the present want of Vent they were so satisfied in them as to Will the said Company to proceed as formerly in their Trade and gave them Promises of all the assistance and countenance for the future which they could reasonably desire which certainly their Lordships would not have done if that they had seen that the late Innovation or general Permission had brought forth or was likely to bring forth the promised Effect or that without Trading under regulated Societies so great a quantity of Woollen-Manufacture could be vented as was when they were maintained and defended in the Enjoyment of their Rights and Priviledges The other Instance is of a much later Date and fresh in Memory when in the Year 1662 upon a complaint of the like nature a temporary Liberty was granted to all Persons to buy and Ship out our Woollen-Manufacture but so far was it upon Tryal made from answering the End proposed that the very Clothiers themselves did in the following Year 1663 Petition that the said liberty might be revoked and accordingly upon their Petition it was revoked by his late Majesty King Charles the Second And if it be now objected to us that after all our endeavours to prove that a general Permission will not Increase the vent of our Manufacture we have in the mean time no where affirmed what will we must declare that at present we know but one of these two either to put a stop to its making in other Parts or of making it so cheap here that we may be able to undersel our Neighbours The first of which we know to be impossible the latter we have reason to believe might give offence to those who are the Sellers of its Materials tho' it is sufficiently evident to any common Understanding that the cheapness of the Materials is the most proper means of encreasing the vent of our Manufacture for he that goeth cheapest to Market with a Commodity of equal Goodness shall thereby be enabled to sell cheaper and by that means be assured of the first Market And now tho' there be many other Arguments and further Instances which might set sorth the great National Mischiefs and little benefit which will naturally arise from such a general Permission yet at present we shall add no more forasmuch as we humbly conceive what was before alleadged is sufficient to convince all unprejudiced Persons that a general Permission will bring great Inconvenicies upon the Nation in general as to its Trade and when that is done no ways answer the end proposed by it All which is most humbly submitted c. Exam. per. Ince FINIS