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country_n bring_v great_a house_n 1,501 5 4.9964 4 false
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ID Title Author Corrected Date of Publication (TCP Date of Publication) STC Words Pages
A37163 An essay on the East-India-trade by the author of The essay upon wayes and means. Davenant, Charles, 1656-1714. 1696 (1696) Wing D307; ESTC R7736 21,681 62

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nation_n interest_n to_o promote_v it_o first_o our_o soil_n and_o the_o labour_n of_o the_o people_n may_v be_v employ_v about_o material_n more_o advantageous_a and_o wherein_o we_o can_v be_v undersell_v by_o other_o country_n second_o the_o growth_n of_o this_o manufacture_n will_v obstruct_v trade_n and_o other_o business_n more_o important_a to_o the_o nation_n for_o 1._o our_o noble_a staple_n of_o wool_n be_v undoubted_o capable_a of_o a_o great_a improvement_n to_o which_o the_o increase_n of_o wages_n that_o must_v happen_v upon_o a_o increase_n in_o the_o linen_n manufacture_n will_v be_v a_o considerable_a hindrance_n and_o one_o can_v rise_v but_o to_o the_o prejudice_n of_o the_o other_o because_o we_o real_o want_v people_n and_o hand_n to_o carry_v on_o both_o to_o their_o full_a perfection_n and_o 2._o it_o be_v more_o the_o general_n interest_n of_o england_n to_o export_v woollen_a manufacture_n
in_o exchange_n abroad_o for_o linen_n than_o to_o make_v it_o here_o at_o home_o which_o trade_n have_v be_v set_v afoot_o and_o prosper_v very_o much_o to_o the_o great_a benefit_n of_o this_o kingdom_n since_o the_o prohibition_n of_o french_a good_n during_o this_o war._n but_o if_o we_o provide_v ourselves_o at_o home_n with_o linen_n sufficient_a for_o our_o consumption_n and_o do_v not_o want_v that_o which_o be_v bring_v from_o silesia_n saxony_n bohemia_n and_o poland_n this_o trade_n must_v cease_v for_o these_o northern_a country_n have_v neither_o money_n nor_o other_o commodity_n and_o if_o we_o deal_v with_o they_o we_o must_v be_v content_v in_o a_o manner_n to_o barter_v our_o clothes_n for_o their_o linen_n and_o it_o be_v obvious_a enough_o to_o any_o consider_v man_n that_o by_o such_o a_o traffic_n we_o be_v not_o loser_n in_o the_o balance_n in_o process_n of_o time_n when_o england_n shall_v come_v to_o be_v more_o people_v and_o when_o a_o long_a peace_n shall_v have_v increase_v our_o wealth_n and_o stock_n perhaps_o we_o may_v be_v able_a not_o only_o to_o carry_v on_o our_o old_a manufacture_n to_o their_o full_a height_n but_o to_o embrace_v new_a one_o such_o as_o be_v that_o of_o silk_n and_o linen_n but_o as_o our_o case_n stand_v it_o seem_v sufficient_a to_o let_v they_o take_v their_o own_o natural_a course_n and_o not_o to_o drive_v they_o on_o for_o too_o many_o sort_n of_o business_n may_v be_v as_o well_o hurtful_a in_o the_o public_a as_o they_o be_v often_o to_o private_a person_n if_o the_o nation_n find_v a_o general_n profit_n from_o they_o their_o own_o weight_n will_v bear_v they_o on_o but_o in_o the_o mean_a while_n it_o can_v be_v adviseable_a in_o their_o favour_n to_o exercise_v any_o extraordinary_a act_n of_o power_n and_o for_o their_o sake_n by_o prohibition_n to_o distress_n embroil_n and_o disturb_v any_o settle_a trade_n by_o which_o beyond_o all_o contradiction_n the_o nation_n before_o the_o war_n be_v so_o great_a a_o gainer_n my_o lord_n after_o much_o thought_n upon_o this_o subject_a i_o be_o come_v to_o these_o conclusion_n within_o myself_o which_o i_o submit_v to_o your_o better_a judgement_n first_o that_o our_o silk_n and_o linen_n manufacture_n obstruct_v trade_n more_o important_a and_o more_o profitable_a second_o that_o though_o a_o prohibition_n of_o east-india_n good_n may_v advance_v their_o present_a interest_n who_o be_v engage_v in_o the_o silk_n and_o linen_n manufacture_n here_o yet_o that_o it_o will_v bring_v no_o future_a advantage_n to_o the_o kingdom_n three_o that_o luxury_n be_v so_o deep_o root_v in_o this_o nation_n that_o shall_v this_o prohibition_n pass_v it_o will_v only_o carry_v we_o to_o european_a market_n where_o we_o shall_v pay_v perhaps_o 50_o per_n cent._n dear_a may_v be_v for_o the_o same_o or_o for_o vanity_n of_o the_o like_a nature_n so_o that_o upon_o the_o whole_a matter_n my_o lord_n i_o be_o humble_o of_o opinion_n that_o the_o importation_n of_o wrought_a silk_n bengal_n stain_v calico_n etc._n etc._n do_v not_o so_o interfere_v with_o our_o silk_n and_o linen_n manufacture_n as_o to_o hurt_v the_o public_a and_o bring_v damage_n to_o the_o collective_a body_n of_o england_n and_o three_o as_o to_o the_o effect_v such_o a_o prohibition_n will_v have_v upon_o the_o east-india_n trade_n in_o general_n in_o all_o argumentation_n it_o be_v requisite_a to_o settle_v and_o agree_v upon_o principle_n for_o which_o reason_n in_o the_o begin_n of_o this_o discourse_n i_o do_v endeavour_v to_o prove_v that_o in_o general_a the_o east-india_n trade_n be_v profitable_a to_o this_o kingdom_n and_o i_o dwell_v the_o long_a upon_o that_o head_n because_o some_o people_n be_v quite_o of_o a_o contrary_a opinion_n and_o believe_v it_o hurtful_a to_o england_n and_o i_o be_o satisfy_v that_o many_o without_o door_n promote_v the_o bill_n in_o question_n in_o hope_n thereby_o utter_o to_o destroy_v the_o traffic_n and_o true_o my_o lord_n it_o seem_v plain_a to_o i_o that_o the_o intend_a prohibition_n must_v prove_v though_o not_o a_o sudden_a yet_o a_o certain_a destruction_n to_o it_o and_o that_o it_o be_v a_o lop_n from_o this_o trade_n the_o branch_n and_o take_v away_o some_o of_o the_o bark_n and_o part_n of_o the_o root_n the_o trunk_n indeed_o be_v leave_v but_o so_o maim_v and_o injure_v that_o it_o can_v never_o spread_v and_o flourish_v if_o it_o can_v be_v make_v appear_v this_o prohibition_n be_v no_o way_n to_o be_v render_v effectual_a and_o if_o it_o can_v be_v show_v that_o the_o say_v prohibition_n will_v utter_o disable_v the_o present_a east-india_n company_n or_o any_o other_o to_o be_v hereafter_o erect_v from_o support_v and_o carry_v on_o the_o trade_n to_o the_o advantage_n of_o england_n your_o lordship_n will_v certain_o think_v the_o bill_n now_o a_o foot_n of_o dangerous_a consequence_n and_o not_o fit_a to_o receive_v a_o sanction_n in_o the_o house_n of_o peer_n no_o prohibition_n of_o a_o foreign_a or_o domestic_a commodity_n can_v have_v any_o effect_n without_o sumptuary_n law_n strict_o pen_v and_o rigorous_o put_v in_o execution_n for_o the_o importation_n of_o french_a wine_n and_o linen_n have_v be_v forbid_v under_o high_a penalty_n during_o this_o war_n yet_o the_o consumption_n of_o those_o sort_n of_o commodity_n be_v not_o much_o lessen_v and_o they_o be_v bring_v in_o upon_o we_o from_o other_o country_n at_o much_o a_o dear_a rate_n for_o these_o three_o year_n last_o pass_v french_a wine_n have_v be_v convey_v hither_o by_o the_o way_n of_o spain_n and_o portugal_n and_o the_o french_a silk_n and_o linen_n have_v be_v all_o along_o secret_o bring_v and_o smuggle_v upon_o our_o own_o coast_n perhaps_o if_o severe_a sumptuary_n law_n have_v impose_v a_o high_a duty_n or_o penalty_n upon_o the_o consumer_n of_o french_a wine_n silk_n and_o linen_n the_o prohibition_n may_v have_v have_v its_o design_a effect_n but_o how_o such_o law_n can_v have_v be_v make_v practicable_a i_o shall_v not_o pretend_v to_o determine_v in_o the_o same_o manner_n if_o a_o severe_a mulct_n or_o a_o high_a duty_n can_v be_v lay_v on_o such_o as_o shall_v wear_v or_o use_v any_o india_n or_o persia_n wrought_v silk_n bengal_n etc._n etc._n and_o if_o this_o be_v superad_v to_o the_o prohibition_n peradventure_o it_o may_v be_v render_v effectual_a but_o otherwise_o notwithstanding_o the_o prohibition_n of_o wear_v such_o good_n and_o the_o penalty_n upon_o the_o retailer_n that_o shall_v vend_fw-mi they_o their_o consumption_n will_v be_v little_o lessen_v in_o this_o kingdom_n for_o they_o will_v be_v bring_v in_o upon_o we_o from_o other_o country_n scotland_n and_o holland_n more_o especial_o however_o though_o such_o a_o method_n be_v peradventure_o the_o only_a way_n of_o keep_v down_o this_o luxury_n i_o be_o very_o far_o my_o lord_n from_o think_v it_o adviseable_a for_o the_o law_n of_o all_o country_n must_v be_v suit_v to_o the_o bend_a and_o inclination_n of_o the_o people_n and_o which_o i_o be_o loath_a to_o say_v there_o be_v sometime_o a_o necessity_n they_o shall_v be_v a_o little_a accommodate_v to_o their_o deprave_a manner_n and_o corruption_n the_o people_n of_o england_n who_o have_v be_v long_o accustom_a to_o mild_a law_n and_o a_o loose_a administration_n can_v never_o endure_v that_o severity_n which_o be_v needful_a to_o make_v such_o a_o prohibition_n have_v effect_n nor_o can_v they_o suffer_v high_a duty_n or_o penalty_n to_o be_v impose_v upon_o their_o pleasure_n or_o bear_v a_o strict_a inquisition_n into_o their_o furniture_n and_o apparel_n there_o be_v no_o country_n without_o a_o multitude_n of_o sumptuary_n law_n but_o hardly_o a_o place_n can_v be_v instanced_a where_o they_o be_v observe_v or_o produce_v any_o public_a good_n they_o be_v somewhat_o regard_v in_o the_o infancy_n of_o the_o roman_a commonwealth_n before_o riches_n and_o pomp_n have_v banish_v virtue_n and_o obedience_n but_o their_o chief_a strength_n be_v always_o derive_v from_o the_o sanctity_n and_o veneration_n in_o which_o be_v hold_v the_o office_n of_o censor_n and_o in_o england_n they_o will_v be_v immediate_o contemn_v and_o deride_v and_o any_o magistrate_n must_v become_v the_o public_a scorn_n that_o shall_v think_v to_o put_v they_o in_o execution_n and_o yet_o without_o strict_a sumptuary_n law_n well_o observe_v the_o wisdom_n of_o the_o parliament_n will_v find_v itself_o elude_v when_o it_o endeavour_n to_o banish_v foreign_a vanity_n and_o luxury_n in_o favour_n of_o our_o own_o product_n and_o manufacture_n for_o in_o all_o probability_n the_o consequence_n of_o such_o a_o prohibition_n will_v be_v that_o good_n of_o the_o same_o kind_n or_o good_n applicable_a to_o the_o like_a use_n instead_o of_o those_o import_v from_o india_n will_v be_v bring_v hither_o from_o abroad_o and_o the_o consumption_n will_v not_o be_v
reasonable_o be_v expect_v good_n that_o sell_v here_o for_o 400,000_o so_o that_o by_o send_v to_o india_n 100,000_o we_o gain_v for_o our_o own_o consumption_n clear_a 300,000_o now_o this_o must_v be_v clear_a profit_n to_o the_o kingdom_n because_o this_o sum_n will_v be_v otherways_o lay_v out_o and_o consume_v in_o our_o own_o product_n which_o product_v we_o be_v by_o this_o mean_v enable_v to_o export_v for_o when_o we_o come_v to_o examine_v into_o the_o true_a reason_n of_o the_o great_a wealth_n of_o holland_n we_o shall_v find_v it_o chief_o to_o arise_v from_o this_o frugality_n of_o consume_v at_o home_n what_o be_v cheap_a or_o come_v cheap_o and_o carry_v abroad_o what_o be_v rich_a and_o will_v yield_v most_o money_n it_o be_v grant_v that_o bengals_n and_o stain_v calico_n and_o other_o east-india_n good_n do_v hinder_v the_o consumption_n of_o norwich_n stuff_v crape_n english_a ratines_n shaloon_n say_v perpetuanas_n and_o antherines_n but_o the_o same_o objection_n will_v lie_v against_o the_o use_n of_o any_o thing_n that_o be_v of_o foreign_a growth_n for_o the_o importation_n of_o wine_n undoubted_o hinder_v the_o consumption_n of_o barley_n and_o england_n can_v subsist_v and_o the_o poor_a perhaps_o will_v have_v full_a employment_n if_o foreign_a trade_n be_v quite_o lay_v aside_o but_o this_o will_v ill_o consist_v with_o our_o be_v great_a at_o sea_n upon_o which_o under_o the_o present_a posture_n of_o affair_n in_o europe_n all_o our_o safety_n do_v certain_o depend_v that_o the_o east-india_n good_n do_v something_o interfere_v with_o the_o woollen_a manufacture_n must_v undoubted_o be_v grant_v but_o the_o principal_a matter_n to_o be_v consider_v be_v which_o way_n the_o nation_n in_o general_n be_v more_o cheap_o supply_v if_o 100,000_o l._n prime_a cost_n to_o india_n bring_v home_o so_o many_o good_n as_o stand_v in_o the_o stead_n and_o supply_v the_o room_n of_o 400,000_o l._n of_o our_o own_o manufacture_n it_o must_v certain_o be_v adviseable_a not_o to_o prohibit_v such_o a_o trade_n but_o rather_o to_o divert_v the_o wool_n use_v in_o these_o our_o home_n manufacture_n and_o the_o craft_n labour_n and_o industry_n employ_v about_o they_o to_o the_o make_v fine_a broad_a cloth_n course_n and_o narrow_a clothes_n stuff_n and_o other_o commodity_n fit_a for_o sale_n in_o foreign_a market_n since_o it_o be_v a_o undoubted_a truth_n that_o 400,000_o l._n worth_n of_o our_o native_a good_n sell_v abroad_o do_v add_v more_o to_o the_o nation_n general_a stock_n and_o wealth_n than_o four_o million_o worth_n of_o our_o home_n product_v consume_v within_o the_o kingdom_n but_o beside_o suppose_v the_o wear_v east-india_n wrought_a silk_n etc._n etc._n in_o england_n be_v prohibit_v and_o that_o their_o whole_a importation_n be_v interdict_a i_o do_v not_o see_v how_o such_o prohibition_n will_v at_o all_o advance_v the_o vent_n of_o our_o home_n product_v for_o in_o one_o case_n if_o they_o hinder_v the_o consumption_n of_o the_o woollen_a manufacture_n at_o home_n will_v they_o not_o when_o export_v hinder_v its_o consumption_n and_o the_o sale_n of_o clothes_n in_o foreign_a part_n and_o in_o the_o other_o case_n if_o the_o english_a be_v forbid_v to_o bring_v indian_a good_n into_o europe_n will_v not_o the_o dutch_a import_n they_o and_o thereby_o in_o the_o same_o manner_n hurt_v abroad_o the_o vent_n and_o consumption_n of_o our_o english_a clothes_n upon_o the_o whole_a matter_n my_o lord_n it_o be_v my_o opinion_n which_o i_o submit_v to_o better_a judgement_n that_o the_o importation_n of_o east-india_n and_o persia_n wrought_v silk_n stain_v calico_n etc._n etc._n though_o it_o may_v somewhat_o interfere_v with_o the_o manufacture_n of_o norwich_n bristol_n and_o other_o particular_a place_n yet_o that_o such_o importation_n add_v to_o the_o kingdom_n main_a stock_n and_o wealth_n and_o be_v not_o prejudicial_a to_o the_o general_n woollen_a manufacture_n of_o england_n and_o second_o as_o to_o the_o silk_n and_o linen_n manufacture_n wisdom_n be_v most_o common_o in_o the_o wrong_n when_o it_o pretend_v to_o direct_v nature_n the_o various_a product_n of_o different_a soil_n and_o country_n be_v a_o indication_n that_o providence_n intend_v they_o shall_v be_v helpful_a to_o each_o other_o and_o mutual_o supply_v the_o necessity_n of_o one_o another_o and_o as_o it_o be_v great_a folly_n to_o compel_v a_o youth_n to_o that_o sort_n of_o study_n to_o which_o he_o be_v not_o adapt_v by_o genius_n and_o inclination_n so_o it_o can_v never_o be_v wise_a to_o endeavour_v the_o introduce_v into_o a_o country_n either_o the_o growth_n of_o any_o commodity_n or_o any_o manufacture_n for_o which_o nor_o the_o soil_n nor_o the_o general_n bend_v of_o the_o people_n be_v proper_a and_o as_o force_a fruit_n though_o they_o may_v look_v fair_a to_o the_o eye_n be_v notwithstanding_o tasteless_a and_o unwholesome_a so_o a_o trade_n force_v in_o this_o manner_n bring_v no_o national_a profit_n but_o be_v prejudicial_a to_o the_o public_a we_o have_v such_o advantage_n by_o situation_n and_o in_o several_a commodity_n and_o material_n natural_a and_o almost_o peculiar_a to_o we_o that_o if_o the_o improvement_n of_o they_o be_v sufficient_o look_v after_o and_o encourage_v by_o the_o state_n we_o may_v increase_v in_o wealth_n greatness_n and_o power_n peradventure_o beyond_o all_o nation_n in_o europe_n it_o be_v our_o fault_n if_o we_o do_v not_o enjoy_v the_o woollen_a manufacture_n without_o any_o rivalship_n but_o undoubted_o it_o may_v be_v very_o much_o advance_v if_o work-house_n be_v set_v up_o if_o the_o law_n do_v provide_v and_o the_o magistracy_n in_o the_o execution_n do_v take_v care_n to_o set_v the_o poor_a to_o work_v such_o a_o increase_n of_o hand_n will_v likewise_o produce_v more_o tin_n and_o lead_v and_o enable_v we_o to_o afford_v leather_n cheaper_o and_o it_o be_v a_o large_a exportation_n and_o be_v able_a to_o undersell_v all_o other_o in_o foreign_a market_n that_o bring_v national_a profit_n more_o hand_n will_v quicken_v industry_n and_o improve_v waste_a ground_n which_o will_v enable_v we_o to_o carry_v out_o corn_n at_o a_o cheap_a rate_n and_o general_o speak_v all_o law_n restrain_v idleness_n and_o that_o will_v invite_v people_n hither_o must_v better_v the_o manufacture_n and_o make_v they_o more_o gainful_a to_o the_o nation_n there_o be_v no_o trade_n so_o advantageous_a especial_o to_o a_o island_n as_o that_o of_o buy_v good_n in_o one_o country_n to_o sell_v they_o in_o another_o and_o it_o be_v the_o original_a and_o chief_a article_n of_o the_o great_a wealth_n in_o holland_n there_o be_v gain_n by_o the_o freight_n it_o occasion_n consumption_n of_o our_o home_n product_v it_o breed_v seaman_n increase_v ship_n and_o improve_v navigation_n and_o any_o home_n manufacture_n that_o hinder_v this_o kind_n of_o traffic_n or_o that_o indeed_o interfere_n with_o it_o be_v pernicious_a and_o aught_o in_o wisdom_n and_o by_o all_o rule_n of_o policy_n to_o be_v discourage_v by_o the_o public_a this_o kind_n of_o commerce_n england_n be_v former_o in_o a_o large_a possession_n of_o and_o it_o may_v be_v retrieve_v and_o in_o the_o best_a of_o time_n be_v capable_a of_o great_a improvement_n our_o plantation_n if_o we_o take_v care_n to_o preserve_v they_o from_o foreign_n insult_v and_o invasion_n as_o they_o increase_v in_o people_n will_v consume_v more_o of_o our_o home_n manufacture_n than_o we_o have_v hand_n to_o make_v they_o produce_v commodity_n indispensable_o necessary_a to_o this_o part_n of_o the_o world_n and_o not_o to_o be_v produce_v elsewhere_o and_o with_o industry_n and_o conduct_n may_v be_v make_v a_o inexhaustible_a mine_n of_o treasure_n to_o their_o mother_n kingdom_n if_o there_o be_v such_o a_o multitude_n of_o hand_n that_o want_v work_n in_o england_n the_o herring_n fishery_n will_v employ_v many_o thousand_o of_o man_n and_o one_o million_o of_o money_n and_o the_o advantage_n our_o situation_n give_v we_o for_o it_o consider_v we_o may_v at_o least_o come_v in_o for_o a_o share_n with_o the_o dutch_a in_o that_o trade_n which_o bring_v they_o so_o immense_a a_o profit_n some_o of_o the_o forego_n material_n be_v peculiar_a gift_n and_o blessing_n to_o this_o soil_n our_o inclination_n to_o the_o sea_n fit_v we_o as_o well_o as_o the_o dutch_a for_o the_o traffic_n of_o carry_v good_n from_o one_o country_n to_o another_o the_o most_o certain_a gain_v a_o nation_n can_v make_v our_o port_n be_v safe_a and_o fit_a than_o they_o for_o this_o purpose_n our_o plantation_n trade_n to_o carry_v it_o on_o to_o its_o height_n will_v require_v a_o great_a stock_n than_o we_o be_v master_n of_o at_o present_a and_o will_v consume_v more_o of_o our_o manufacture_n and_o home_n product_v than_o we_o can_v make_v and_o furnish_v at_o reasonable_a rate_n as_o to_o the_o fishery_n if_o we_o be_v
less_o but_o at_o a_o much_o dear_a rate_n it_o may_v indeed_o somewhat_o better_v our_o manufacture_n but_o will_v more_o advance_v those_o of_o france_n italy_n and_o holland_n who_o can_v afford_v to_o work_v cheaper_o and_o in_o all_o appearance_n will_v thereby_o prove_v such_o a_o drain_v of_o this_o kingdom_n treasure_n as_o may_v bring_v utter_a destruction_n upon_o we_o but_o the_o principal_a question_n be_v whether_o under_o such_o prohibition_n any_o body_n of_o man_n can_v find_v their_o account_n in_o carry_v on_o this_o trade_n to_o make_v this_o traffic_n a_o addition_n of_o strength_n as_o well_o as_o riches_n to_o the_o kingdom_n encouragement_n shall_v be_v give_v to_o send_v thither_o large_a and_o strong_a ship_n which_o will_v be_v expensive_a to_o the_o undertaker_n their_o business_n in_o india_n can_v be_v manage_v without_o frequent_a gift_n and_o present_n to_o the_o rajah_n and_o governor_n according_a to_o the_o practice_n in_o all_o the_o eastern_a country_n fort_n and_o castle_n with_o good_a garrison_n be_v there_o indispensable_o necessary_a for_o the_o preservation_n of_o the_o pepper_n trade_n and_o indeed_o needful_a upon_o many_o other_o account_n as_o magazine_n for_o naval_a provision_n and_o as_o store_v house_n in_o which_o to_o lay_v good_n buy_v in_o the_o country_n at_o proper_a season_n beside_o they_o be_v a_o safety_n to_o our_o people_n from_o any_o insult_v of_o the_o native_n and_o a_o refuge_n upon_o any_o disorder_n revolution_n or_o other_o emergency_n in_o the_o mogul_n state_n and_o empire_n a_o trade_n limit_v and_o circumscribe_v in_o the_o manner_n propose_v can_v well_o undergo_v these_o expense_n which_o notwithstanding_o be_v necessary_a for_o its_o preservation_n i_o have_v before_o divide_v the_o 400,000_o l._n prime_a cost_n send_v to_o india_n into_o two_o part_n viz._n half_a for_o foreign_a exportation_n and_o the_o other_o half_o for_o home_n consumption_n  _fw-fr l._n the_o return_v of_o 200,000_o l._n in_o time_n of_o peace_n may_v probable_o yield_v abroad_o 800,000_o the_o return_v of_o 200,000_o l._n in_o time_n of_o peace_n may_v probable_o yield_v at_o home_n 800,000_o total_a 1,600,000_o but_o we_o must_v take_v notice_n that_o the_o 1,200,000_o l._n profit_n suppose_v in_o time_n of_o peace_n to_o arise_v from_o this_o trade_n do_v not_o all_o of_o it_o accrue_v to_o the_o adventurer_n in_o the_o company_n but_o be_v national_a and_o divide_v among_o many_o thousand_o of_o the_o people_n the_o merchant_n who_o at_o the_o company_n sales_n buy_v good_n for_o exportation_n have_v their_o share_n and_o the_o retailer_n here_o have_v their_o proportion_n in_o the_o gain_n which_o this_o traffic_n in_o the_o whole_a may_v be_v compute_v to_o produce_v and_o particular_o for_o their_o share_n in_o the_o 600,000_o l._n suppose_a to_o be_v gain_v by_o our_o own_o consumption_n in_o time_n of_o peace_n by_o this_o traffic_n there_o come_v in_o the_o king_n for_o his_o custom_n owner_n of_o ship_n such_o as_o get_v by_o victual_v they_o seaman_n for_o wage_n and_o last_o factor_n and_o servant_n both_o abroad_o and_o at_o home_o the_o gain_n make_v abstract_o by_o the_o company_n have_v never_o be_v invidious_a for_o if_o their_o whole_a stock_n be_v compute_v from_o their_o beginning_n to_o this_o day_n it_o will_v be_v find_v by_o their_o dividend_n that_o they_o have_v not_o one_o year_n with_o another_o divide_v 20_o per_fw-la cent._n which_o consider_v the_o length_n and_o hazard_n of_o their_o voyage_n be_v not_o a_o profit_n to_o be_v envy_v but_o since_o this_o war_n the_o company_n have_v without_o doubt_n be_v great_a loser_n and_o nothing_o but_o the_o invincible_a courage_n which_o have_v be_v always_o observe_v in_o english_a merchant_n can_v have_v hinder_v the_o trade_n from_o be_v entire_o lose_v notwithstanding_o all_o the_o company_n late_a loss_n at_o sea_n and_o their_o former_a ill_a conduct_n in_o india_n they_o have_v not_o lose_v foot_v there_o but_o have_v hitherto_o preserve_v the_o trade_n indeed_o at_o their_o own_o expense_n however_o if_o any_o thing_n shall_v be_v do_v that_o will_v interrupt_v any_o great_a part_n of_o their_o commerce_n they_o must_v apparent_o give_v it_o over_o or_o sink_v under_o the_o burden_n for_o the_o charge_n and_o expense_n abroad_o must_v be_v full_a as_o much_o to_o support_v a_o little_a as_o a_o more_o extend_v traffic_n  _fw-fr l._n if_o this_o trade_n be_v so_o restrain_v by_o prohibition_n as_o that_o there_o can_v be_v send_v to_o india_n not_o above_o per_fw-la annum_fw-la 200,000_o the_o national_a profit_n from_o thence_o arise_v can_v reasonable_o exceed_v 600,000_o the_o company_n charge_v and_o expense_n to_o support_v and_o carry_v on_o their_o affair_n abroad_o may_v be_v modest_o compute_v at_o per_fw-la annum_fw-la 100,000_o which_o sum_n will_v be_v a_o great_a weight_n upon_o per_fw-la annum_fw-la 600,000_o but_o will_v fall_v light_o upon_o per_fw-la an._n 1,200,000_o according_a to_o the_o best_a and_o most_o impartial_a account_n i_o can_v receive_v the_o bill_n in_o agitation_n must_v lose_v england_n half_a the_o trade_n to_o india_n in_o general_n all_o the_o traffic_n to_o the_o coast_n and_o bay_n of_o bengal_n and_o half_a the_o business_n to_o surrat_n and_o particular_o as_o to_o the_o coast_n and_o bay_n the_o company_n do_v usual_o send_v thither_o yearly_o five_o or_o six_o ship_n of_o between_o six_o and_o seven_o hundred_o ton_n each_o the_o five_o part_n of_o which_o return_v freight_v with_o salt-petre_n one_o other_o five_o part_n with_o fine_a muslin_n floretta_n yarn_n and_o raw_a silk_n the_o other_o three_o part_n with_o good_n by_o the_o bill_n prohibit_v the_o consequence_n of_o which_o must_v be_v that_o the_o trade_n to_o the_o coast_n and_o bay_n will_v prove_v so_o inconsiderable_a that_o it_o must_v be_v abandon_v and_o england_n reduce_v to_o buy_v all_o its_o salt-petre_n from_o the_o scot_n dane_n or_o hollander_n i_o take_v our_o home_n consumption_n which_o be_v half_a of_o the_o return_n of_o the_o prime_n cost_v send_v to_o india_n to_o be_v the_o main_a foundation_n upon_o which_o the_o trade_n stand_v especial_o in_o a_o time_n of_o war._n it_o be_v that_o alone_a can_v bear_v the_o incident_a charge_n at_o home_n and_o expense_n abroad_o necessary_a for_o the_o support_n of_o so_o large_a a_o traffic_n and_o it_o be_v that_o only_a can_v enable_v any_o company_n to_o endure_v loss_n at_o sea_n by_o storm_n or_o a_o foreign_a enemy_n what_o encouragement_n can_v there_o be_v to_o go_v on_o with_o so_o vast_a a_o business_n if_o our_o merchant_n must_v single_o depend_v upon_o the_o market_n abroad_o one_o country_n to_o advance_v their_o own_o manufacture_n may_v prohibit_v our_o good_n the_o hollander_n will_v buy_v they_o up_o at_o their_o own_o rate_n when_o their_o use_n be_v forbid_v here_o and_o they_o will_v be_v a_o drug_n and_o blow_v upon_o all_o over_o europe_n there_o be_v great_a difference_n between_o a_o merchant_n have_v a_o choice_n or_o a_o necessity_n to_o sell_v his_o ware_n in_o one_o case_n he_o may_v in_o some_o measure_n make_v his_o own_o price_n in_o the_o other_o he_o must_v take_v what_o be_v offer_v to_o speak_v general_o the_o east-india_n trade_n be_v profitable_a to_o the_o adventurer_n in_o time_n of_o peace_n but_o rare_o so_o in_o season_n of_o war_n and_o trouble_n in_o time_n of_o peace_n they_o enrich_v their_o country_n by_o a_o foreign_a vent_n and_o exportation_n of_o their_o good_n and_o in_o time_n of_o war_n the_o home_n consumption_n chief_o enable_v they_o to_o support_v and_o carry_v on_o their_o traffic_n your_o lordship_n may_v see_v all_o along_o in_o this_o discourse_n that_o it_o be_v my_o opinion_n they_o do_v not_o interfere_v with_o such_o manufacture_n as_o it_o be_v the_o interest_n of_o england_n to_o promote_v and_o encourage_v but_o though_o the_o prohibit_v east-india_n good_n do_v great_o prejudice_v our_o own_o product_n and_o manufacture_n yet_o i_o do_v not_o think_v a_o prohibition_n of_o they_o at_o all_o adviseable_a during_o the_o war_n for_o these_o reason_n first_o our_o condition_n be_v so_o weak_a that_o we_o can_v struggle_v with_o any_o the_o bad_a event_n with_o which_o a_o new_a council_n may_v be_v attend_v second_o if_o to_o their_o loss_n at_o sea_n their_o misfortune_n in_o india_n on_o the_o score_n of_o every_n piracy_n and_o their_o want_n of_o money_n arise_v from_o the_o general_a want_n of_o species_n in_o the_o nation_n a_o prohibition_n of_o the_o consumption_n of_o so_o many_o of_o their_o good_n be_v likewise_o add_v it_o be_v to_o be_v apprehend_v that_o upon_o such_o a_o discouragement_n the_o trader_n to_o those_o part_n will_v by_o degree_n withdraw_v from_o thence_o their_o effect_n and_o stock_n and_o quite_o abandon_v the_o whole_a traffic_n three_o if_o this_o shall_v happen_v
annual_a income_n of_o the_o kingdom_n and_o i_o think_v the_o contrary_n be_v capable_a of_o no_o clear_a demonstration_n the_o legislative_a power_n ought_v to_o proceed_v with_o much_o caution_n in_o any_o matter_n relate_v to_o it_o whatever_o country_n can_v be_v in_o the_o full_a and_o undisputed_a possession_n of_o it_o will_v give_v law_n to_o all_o the_o commercial_n world_n shall_v we_o quit_v the_o hold_v we_o have_v in_o india_n and_o abandon_v the_o traffic_n our_o neighbour_n the_o dutch_a will_v undoubted_o engross_v the_o whole_a and_o if_o to_o their_o naval_a strength_n in_o europe_n such_o a_o foreign_a strength_n and_o wealth_n be_v add_v england_n must_v hereafter_o be_v content_v to_o trade_n by_o their_o protection_n and_o under_o their_o banner_n as_o war_n do_v vary_v all_o the_o circumstance_n of_o trade_n alter_v its_o channel_n give_v it_o to_o one_o people_n and_o take_v it_o from_o another_o so_o in_o season_n of_o war_n it_o be_v by_o no_o mean_n proper_a nor_o adviseable_a to_o embrace_v new_a council_n in_o relation_n to_o it_o nor_o can_v we_o then_o take_v any_o true_a measure_n or_o make_v any_o right_n and_o sound_v judgement_n about_o it_o the_o scarcity_n of_o money_n in_o a_o long_a war_n make_v any_o exportation_n of_o bullion_n think_v a_o great_a gr●evance_n of_o which_o in_o quiet_a time_n we_o shall_v not_o be_v sensible_a in_o the_o same_o manner_n the_o interruption_n of_o any_o manufacture_n though_o never_o so_o prejudicial_a to_o the_o kingdom_n be_v grievous_a in_o a_o time_n of_o war_n when_o business_n be_v scarce_o and_o trading_n dull_a but_o in_o a_o time_n of_o peace_n and_o full_a employment_n these_o hand_n can_v shift_v from_o one_o work_n to_o another_o without_o any_o great_a prejudice_n to_o themselves_o or_o the_o public_a there_o have_v be_v for_o three_o year_n last_o pass_v a_o great_a want_n of_o east-india_n good_n and_o there_o happen_v of_o late_a a_o great_a call_n for_o the_o woollen_a manufacture_n and_o indeed_o for_o all_o the_o product_n of_o england_n some_o unthinking_a person_n grow_v present_o to_o imagine_v that_o the_o want_n of_o east-india_n good_n and_o no_o other_o reason_n have_v bring_v the_o woollen_a manufacture_n into_o request_n and_o increase_v its_o consumption_n from_o whence_o very_o many_o have_v begin_v to_o argue_v and_o infer_v that_o the_o east-india_n trade_n be_v and_o always_o be_v prejudicial_a to_o the_o kingdom_n but_o the_o sudden_a call_v which_o be_v then_o for_o all_o kind_n of_o english_a commodity_n as_o well_o as_o the_o woollen_a manufacture_n viz._n lead_v tin_n leather_n butter_n cheese_n tallow_n etc._n etc._n do_v not_o proceed_v from_o the_o want_n of_o east-india_n good_n but_o indeed_o from_o the_o posture_n of_o the_o exchange_n abroad_o the_o ill_a condition_n of_o our_o silver_n coin_n and_o the_o high_a price_n guineas_n be_v bring_v to_o for_o we_o plain_o see_v this_o great_a demand_n both_o abroad_o and_o at_o home_o for_o our_o good_n do_v cease_v now_o guineas_n be_v lower_v and_o the_o coin_n be_v alter_v my_o lord_n it_o have_v be_v too_o often_o the_o fault_n of_o english_a council_n to_o determine_v rash_o of_o the_o most_o important_a matter_n and_o with_o submission_n to_o better_a judgement_n i_o doubt_v it_o may_v be_v of_o very_o dangerous_a consequence_n at_o this_o time_n to_o meddle_v with_o or_o give_v any_o disturbance_n to_o a_o settle_a traffic_n the_o concern_v of_o wool_n be_v without_o doubt_n to_o be_v take_v care_n of_o but_o not_o so_o as_o upon_o that_o account_n to_o slight_v all_o our_o foreign_a interest_n the_o east-india_n company_n have_v be_v for_o a_o long_a time_n look_v upon_o with_o a_o evil_a eye_n by_o some_o people_n because_o there_o have_v former_o be_v ill_a management_n in_o their_o affair_n and_o for_o that_o some_o of_o their_o good_n be_v think_v to_o hinder_v the_o consumption_n of_o our_o own_o manufacture_n and_o because_o it_o be_v see_v what_o silver_n they_o real_o carry_v out_o and_o not_o enough_o consider_v what_o bullion_n their_o effect_n bring_v hither_o in_o return_n some_o person_n without_o door_n either_o bribe_v by_o the_o dutch_a or_o to_o flatter_v that_o interest_n profess_v themselves_o open_a enemy_n to_o the_o traffic_n in_o general_n other_o through_o inadvertency_n and_o for_o want_v of_o examine_v the_o bottom_n of_o thing_n give_v into_o their_o notion_n and_o other_o join_v with_o they_o out_o of_o immoderate_a zeal_n to_o promote_v the_o woollen_a manufacture_n so_o that_o any_o discern_a man_n may_v see_v that_o the_o utter_a ruin_n of_o this_o trade_n and_o its_o entire_a loss_n to_o england_n will_v be_v compass_v unless_o the_o king_n assist_v by_o the_o legislative_a power_n out_o of_o his_o fatherly_a love_n to_o his_o people_n interpose_v with_o his_o wisdom_n in_o the_o matter_n one_o of_o the_o principal_a danger_n now_o of_o take_v new_a council_n about_o it_o be_v that_o in_o a_o time_n of_o war_n if_o by_o any_o false_a step_n and_o measure_n we_o shall_v lose_v ground_n in_o india_n neither_o our_o condition_n nor_o the_o nature_n of_o our_o present_a alliance_n with_o the_o dutch_a will_v permit_v we_o to_o assert_v our_o right_n in_o those_o part_n by_o force_n of_o arms._n and_o if_o we_o shall_v come_v so_o to_o lose_v our_o hold_n in_o india_n as_o not_o to_o trade_n thither_o at_o all_o or_o but_o weak_o and_o precarious_o i_o will_v venture_v to_o affirm_v and_o i_o hope_v your_o lordship_n will_v remember_v hereafter_o this_o prediction_n of_o i_o that_o england_n will_v thereby_o lose_v half_a its_o foreign_a business_n for_o all_o trade_n have_v a_o mutual_a dependence_n one_o upon_o the_o other_o and_o one_o beget_v another_o and_o the_o loss_n of_o one_o frequent_o lose_v half_o the_o rest_n by_o carry_v to_o other_o place_n the_o commodity_n bring_v from_o india_n we_o every_o where_o enlarge_v our_o commerce_n and_o bring_v home_o a_o great_a overbalance_n either_o in_o foreign_a good_n or_o in_o bullion_n in_o holland_n we_o exchange_v our_o wrought_a silk_n calico_n etc._n etc._n for_o their_o spice_n by_o indian_a good_n we_o can_v purchase_v at_o a_o better_a rate_n in_o germany_n the_o linen_n of_o silesia_n saxony_n and_o bohemia_n in_o time_n of_o peace_n we_o do_v and_o may_v again_o traffic_n with_o france_n for_o our_o india_n good_n against_o the_o thing_n of_o luxury_n which_o will_v always_o be_v bring_v from_o thence_o and_o thereby_o we_o may_v bring_v the_o balance_n more_o of_o our_o side_n between_o we_o and_o that_o kingdom_n and_o my_o lord_n there_o be_v a_o peace_n now_o in_o agitation_n between_o we_o and_o france_n the_o wisdom_n of_o the_o state_n perhaps_o may_v think_v fit_a to_o insist_v as_o a_o article_n that_o the_o prohibition_n of_o our_o east-india_n good_n may_v be_v take_v off_o in_o france_n and_o if_o that_o can_v be_v obtain_v it_o will_v put_v the_o trade_n of_o england_n with_o that_o kingdom_n upon_o much_o a_o more_o equal_a foot_n as_o to_o spain_n and_o the_o straits_n and_o part_n within_o the_o straits_n etc._n etc._n it_o be_v apparent_a that_o a_o large_a share_n of_o the_o bullion_n return_v hither_o from_o thence_o do_v proceed_v from_o the_o sale_n there_o of_o calico_n pepper_n and_o other_o east-india_n good_n consume_v in_o those_o part_n and_o also_o buy_v up_o by_o the_o spaniard_n for_o their_o own_o and_o the_o consumption_n of_o their_o plantation_n in_o america_n it_o be_v hope_v my_o lord_n the_o forego_n argument_n have_v sufficient_o prove_v that_o this_o traffic_n in_o general_n be_v beneficial_a to_o the_o nation_n i_o shall_v now_o proceed_v to_o deliver_v my_o opinion_n concern_v the_o bill_n for_o prohibit_v the_o wear_v all_o east-india_n and_o persia_n wrought_v silk_n bengal_n and_o die_v print_v or_o stain_v calico_n which_o be_v the_o second_o point_n i_o propose_v to_o handle_v they_o who_o promote_v this_o bill_n do_v it_o as_o be_v presume_v upon_o the_o follow_a ground_n and_o reason_n first_o they_o believe_v such_o a_o prohibition_n will_v advance_v the_o consumption_n of_o wool_n and_o the_o woollen_a manufacture_n second_o they_o think_v it_o will_v advance_v the_o silk_n and_o linen_n manufacture_n of_o england_n three_o they_o imagine_v such_o a_o prohibition_n may_v be_v make_v by_o act_n of_o parliament_n without_o ruin_n to_o the_o traffic_n in_o general_n these_o three_o point_n my_o lord_n i_o shall_v endeavour_v to_o examine_v and_o state_n fair_o before_o your_o lordship_n and_o i_o shall_v discourse_v of_o the_o east-india_n trade_n first_o as_o it_o have_v relation_n to_o the_o woollen_a manufacture_n second_o as_o it_o have_v relation_n to_o the_o silk_n and_o linen_n manufacture_n and_o three_o i_o shall_v show_v how_o this_o prohibition_n will_v affect_v the_o east-india_n trade_n in_o general_n and_o first_o as_o to_o the_o woollen_a