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duty_n consideration_n effectual_a great_a 43 3 2.0898 3 false
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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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woolfels_n etc._n etc._n notwithstanding_o which_v we_o see_v that_o english_a and_o irish_a wool_n go_v over_o so_o plentiful_o that_o it_o be_v within_o a_o very_a small_a matter_n as_o cheap_a in_o holland_n as_o in_o england_n the_o mean_n to_o prevent_v this_o evil_a by_o additional_a penal_a law_n and_o alteration_n of_o some_o of_o those_o now_o in_o be_v be_v long_o under_o debate_n by_o his_o majesty_n command_n in_o the_o council_n of_o trade_n who_o according_a to_o their_o duty_n take_v great_a pain_n therein_o and_o since_o i_o have_v be_v inform_v the_o same_o thing_n be_v under_o consideration_n in_o parliament_n so_o that_o i_o doubt_v not_o but_o in_o due_a time_n we_o shall_v see_v some_o more_o effectual_a law_n enact_v to_o this_o purpose_n as_o well_o in_o relation_n to_o ireland_n from_o whence_o the_o great_a of_o this_o mischief_n proceed_v as_o in_o england_n then_o ever_o yet_o have_v be_v yet_o i_o do_v utter_o despair_v of_o ever_o see_v this_o disease_n 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the_o care_n of_o every_o parish_n to_o maintain_v their_o own_o poor_a only_o upon_o which_o follow_v the_o shift_a off_o send_v or_o whip_v back_o the_o poor_a wanderer_n to_o the_o place_n of_o their_o birth_n or_o last_o abide_v the_o practice_n whereof_o i_o have_v see_v many_o year_n in_o london_n to_o signify_v as_o much_o as_o ever_o it_o will_v which_o be_v just_o nothing_o of_o good_a to_o the_o kingdom_n in_o general_n or_o the_o poor_a thereof_o though_o it_o be_v sometime_o by_o accident_n to_o some_o of_o they_o a_o punishment_n without_o effect_n i_o say_v without_o effect_n because_o it_o reform_v not_o the_o party_n nor_o despose_v the_o mind_n of_o other_o to_o obedience_n which_o be_v the_o true_a end_n of_o all_o punishment_n as_o for_o instance_n a_o poor_a idle_a person_n that_o will_v not_o work_v or_o that_o no_o body_n will_v employ_v in_o the_o country_n come_v up_o to_o london_n to_o set_v up_o the_o trade_n of_o beg_v such_o a_o person_n probable_o may_v 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the_o turkey_n hambrough_n muscovia_n and_o eastland_n company_n ever_o purchase_v their_o privilege_n or_o build_v and_o maintain_v fort_n castle_n or_o factory_n or_o make_v any_o war_n at_o their_o own_o charge_n but_o i_o know_v the_o turkey_n company_n do_v maintain_v a_o ambassador_n and_o two_o consul_n and_o be_v sometime_o necessitate_v to_o make_v present_n to_o the_o grand_a senior_n or_o his_o great_a officer_n and_o the_o hambrough_n company_n be_v at_o some_o charge_n to_o maintain_v their_o deputy_n and_o minister_n at_o hambrough_n and_o i_o think_v it_o will_v be_v great_a injustice_n that_o any_o shall_v trade_v to_o the_o place_n within_o their_o charter_n without_o pay_v the_o same_o duty_n or_o leviation_n towards_o the_o company_n charge_v as_o the_o present_a adventurer_n do_v pay_v but_o i_o know_v not_o why_o any_o shall_v be_v bar_v from_o trade_v to_o those_o place_n or_o force_v to_o pay_v a_o great_a fine_a for_o admission_n that_o be_v willing_a to_o pay_v the_o company_n duty_n and_o submit_v to_o the_o company_n regulation_n and_o order_n in_o other_o respect_n obj._n 6._o if_o all_o may_v be_v admit_v as_o aforesaid_a than_o such_o number_n of_o shopkeeper_n and_o other_o will_v come_v into_o the_o society_n of_o merchant_n as_o will_v by_o the_o majority_n of_o vote_n so_o much_o alter_v the_o governor_n deputy_n and_o assistant_n of_o the_o respective_a company_n that_o ignorant_a person_n will_v come_v into_o those_o roll_a place_n to_o the_o general_a prejudice_n of_o those_o trade_n i_o answer_v those_o that_o make_v this_o objection_n if_o they_o be_v merchant_n know_v there_o be_v very_o little_a in_o it_o for_o that_o it_o be_v not_o to_o be_v expect_v that_o twenty_o shopkeeper_n will_v come_v into_o any_o one_o company_n in_o a_o year_n and_o therefore_o can_v have_v no_o considerable_a influence_n upon_o the_o election_n but_o if_o many_o more_o shall_v come_v in_o it_o will_v be_v the_o better_a for_o the_o nation_n and_o not_o the_o worse_a for_o the_o company_n for_o that_o all_o man_n be_v lead_v by_o their_o interest_n and_o it_o be_v the_o common_a interest_n of_o all_o that_o engage_v in_o any_o trade_n that_o the_o trade_n shall_v be_v regulate_v and_o govern_v by_o wise_a honest_a and_o able_a man_n there_o be_v no_o doubt_n but_o most_o m●n_z will_v vote_n for_o such_o as_o they_o esteem_v so_o to_o be_v which_o be_v manifest_a in_o the_o east-india-company_n where_o neither_o gentleman_n nor_o shopkeepers_a be_v at_o first_o exclude_v neither_o be_v they_o yet_o keep_v out_o any_o englishman_n whatsoever_o be_v permit_v to_o come_v into_o that_o company_n that_o will_v buy_v a_o action_n pay_v only_o five_o pound_n to_o the_o company_n for_o his_o admission_n and_o yet_o undeniable_a experience_n have_v convince_v all_o gainsayers_a in_o this_o matter_n that_o company_n since_o its_o have_v have_v so_o large_a and_o national_a a_o foundation_n have_v likewise_o have_v a_o succession_n of_o much_o better_a governor_n deputy_n and_o assistant_n then_o ever_o it_o have_v upon_o that_o narrow_a bottom_n it_o stand_v former_o when_o none_o can_v be_v admit_v to_o the_o freedom_n of_o that_o company_n for_o less_o than_o a_o fine_a of_o fifty_o pound_n and_o the_o success_n have_v be_v answerable_a for_o the_o first_o company_n settle_v upon_o that_o narrow_a limit_v interest_n although_o their_o stock_n be_v large_a than_o this_o decay_a and_o final_o come_v to_o ruin_v and_o destruction_n whereas_o on_o the_o contrary_a this_o be_v settle_v on_o more_o rational_a and_o consequent_o more_o just_a as_o well_o as_o more_o profitable_a principle_n have_v through_o god_n goodness_n thrive_v and_o increase_v to_o the_o treble_v of_o their_o first_o stock_n chap._n iu._n concern_v the_o act_n of_o navigation_n though_o this_o act_n be_v by_o most_o conclude_v a_o very_a beneficial_a act_n for_o this_o kingdom_n especial_o by_o the_o master_n and_o owner_n of_o ship_n and_o by_o all_o seaman_n yet_o some_o there_o be_v both_o wise_a and_o honest_a gentleman_n and_o merchant_n that_o doubt_n whether_o the_o inconvenience_n it_o have_v bring_v with_o it_o be_v not_o great_a than_o the_o conveniency_n for_o my_o own_o part_n i_o be_o of_o opinion_n that_o in_o relation_n to_o trade_n ship_n profit_n and_o power_n it_o be_v one_o of_o the_o choice_a and_o most_o prudent_a act_n that_o ever_o be_v make_v in_o england_n and_o without_o which_o we_o have_v not_o now_o be_v owner_n of_o one_o half_a of_o the_o ship_n nor_o trade_n nor_o employ_v one_o half_a of_o the_o seaman_n which_o we_o do_v at_o present_a but_o see_v time_n have_v discover_v some_o inconvenience_n in_o it_o if_o not_o defect_n which_o in_o my_o poor_a opinion_n do_v admit_v of_o a_o easy_a amendment_n and_o see_a that_o the_o whole_a act_n be_v not_o approve_v by_o unanimous_a consent_n i_o think_v fit_a to_o discourse_v a_o little_a concern_v it_o wherein_z after_o my_o plain_a method_n i_o shall_v lay_v down_o such_o objection_n as_o i_o have_v meet_v with_o and_o subjoin_v my_o answer_n with_o such_o reason_n as_o occur_v to_o my_o memory_n in_o confirmation_n of_o my_o own_o opinion_n the_o objection_n against_o the_o whole_a act_n be_v such_o as_o these_o object_n 1._o some_o have_v tell_v i_o that_o i_o on_o all_o occasion_n magnify_v the_o dutch_a policy_n in_o relation_n to_o their_o trade_n and_o the_o dutch_a have_v no_o act_n of_o navigation_n and_o therefore_o they_o be_v certain_o not_o always_o in_o the_o right_n as_o to_o the_o understanding_n of_o their_o true_a interest_n in_o trade_n or_o else_o we_o be_v in_o the_o wrong_n in_o this_o i_o answer_v i_o be_o yet_o to_o be_v inform_v where_o the_o dutch_a have_v miss_v their_o proper_a interest_n in_o trade_n but_o that_o which_o be_v fit_a for_o one_o nation_n to_o do_v in_o relation_n to_o their_o trade_n be_v not_o fit_a for_o all_o no_o more_o than_o the_o same_o policy_n be_v necessary_a to_o a_o prevail_a army_n that_o be_v master_n of_o the_o field_n to_o a_o army_n of_o less_o force_n then_o to_o be_v able_a to_o encounter_v their_o enemy_n at_o all_o time_n and_o place_n the_o dutch_a by_o reason_n of_o their_o great_a stock_n low_a interest_n multitude_n of_o merchant_n and_o ship_n be_v master_n of_o the_o field_n in_o trade_n and_o therefore_o have_v no_o need_n to_o build_v castle_n fortress_n and_o place_n of_o retreat_n such_o i_o account_v law_n of_o limitation_n and_o secure_v of_o particular_a trade_n to_o the_o native_n of_o any_o kingdom_n because_o they_o viz._n the_o dutch_a may_v be_v well_o assure_v that_o no_o nation_n can_v enter_v in_o common_a with_o they_o in_o any_o trade_n to_o gain_v bread_n by_o it_o while_o their_o own_o use_n of_o money_n be_v at_o 3_o per_fw-la cent_z and_z other_o at_z 6_o per_fw-mi cent_z and_o upward_o etc._n etc._n whereas_o if_o we_o shall_v suffer_v their_o ship_n in_o common_a with_o we_o in_o those_o trade_n which_o be_v secure_v to_o the_o english_a by_o act_n of_o navigation_n they_o must_v necessary_o in_o a_o few_o year_n for_o the_o reason_n abovesaid_a eat_v we_o quite_o out_o of_o they_o object_n 2._o the_o second_o objection_n to_o the_o whole_a a●t_n be_v some_o will_v confess_v that_o as_o to_o merchant_n and_o owner_n of_o ship_n the_o a●t_n of_o navigation_n be_v eminent_o beneficial_a but_o say_v that_o merchant_n and_o owner_n be_v but_o a_o inconsiderable_a number_n of_o man_n in_o respect_n of_o the_o whole_a nation_n and_o that_o interest_n of_o the_o great_a number_n that_o our_o native_a commodity_n and_o manufacture_n shall_v be_v take_v from_o we_o at_o the_o best_a rate_n and_o foreign_a commodity_n sell_v we_o at_o the_o cheap_a with_o admission_n of_o dutch_a merchant_n and_o ship_n in_o common_a with_o the_o english_a by_o my_o own_o implication_n will_v effect_v my_o answer_n be_v that_o i_o can_v deny_v but_o this_o may_v be_v true_a if_o the_o present_a profit_n of_o the_o generality_n be_v bare_o and_o single_o consider_v but_o this_o kingdom_n be_v a_o island_n the_o defence_n whereof_o have_v always_o be_v our_o ship_n and_o seaman_n it_o seem_v to_o i_o absolute_o necessary_a that_o profit_n and_o power_n ought_v joint_o to_o be_v consider_v and_o if_o so_o i_o think_v none_o can_v deny_v but_o the_o act_n of_o navigation_n have_v and_o do_v occasion_n building_n and_o employ_v of_o three_o time_n the_o number_n of_o ship_n and_o seaman_n that_o otherwise_o we_o shall_v or_o will_v do_v and_o that_o consequent_o if_o our_o force_n at_o sea_n be_v so_o great_o impair_v it_o will_v expose_v we_o to_o the_o receive_n of_o all_o kind_n of_o injury_n and_o affront_v f●om_o our_o neighbour_n and_o in_o conclusion_n render_v we_o a_o despicable_a and_o miserable_a people_n objection_n to_o several_a part_n of_o the_o
will_v not_o be_v have_v or_o else_o will_v come_v very_o dear_a to_o we_o i_o answer_v if_o the_o commodity_n shall_v be_v somewhat_o dear_a for_o the_o present_a it_o will_v be_v no_o loss_n to_o the_o nation_n in_o general_n because_o all_o freight_n will_v be_v pay_v to_o english_a man_n whereas_o the_o freight_n pay_v to_o stranger_n which_o upon_o those_o commodity_n be_v common_o as_o much_o or_o more_o than_o the_o value_n of_o good_n be_v all_o clear_a loss_n to_o the_o nation_n 2_o dly_z if_o there_o shall_v be_v a_o present_a want_n of_o ship_n and_o the_o parliament_n shall_v please_v to_o enjoin_v we_o to_o build_v english_a ship_n for_o this_o trade_n this_o extraordinary_a good_a effect_n will_v follow_v viz._n it_o will_v engage_v we_o to_o do_v that_o we_o never_o yet_o do_v viz._n to_o fall_v to_o build_v of_o fly-boat_n great_a ship_n of_o burden_n of_o no_o force_n and_o small_a charge_n in_o sail_v which_o will_v be_v the_o most_o profitable_a undertake_n that_o ever_o english_a man_n be_v engage_v in_o and_o that_o which_o be_v absolute_o necessary_a to_o be_v do_v if_o ever_o we_o intend_v to_o board_v the_o dutch_a in_o their_o trade_n and_o navigation_n these_o fly-boat_n be_v the_o milch-cow_n of_o holland_n from_o which_o they_o have_v suck_v manifold_o great_a profit_n than_o from_o all_o their_o ship_n of_o force_n though_o both_o i_o know_v be_v necessary_a but_o if_o at_o first_o the_o parliament_n shall_v think_v ●it_a to_o enjoin_v we_o only_o to_o ship_n sail_v with_o a_o enlish_a master_n and_o three_o fourth_n english_a mariner_n the_o dane_n and_o easterlin_n be_v by_o this_o mean_v put_v out_o of_o so_o great_a a_o employment_n for_o their_o ship_n we_o shall_v buy_v ship_n proper_a for_o this_o trade_n on_o easy_a term_n of_o they_o perhaps_o for_o half_a their_o cost_n which_o under_o value_n in_o purchase_n will_v be_v a_o present_a clear_a profit_n to_o england_n object_n 2._o if_o this_o be_v do_v in_o england_n may_v not_o other_o prince_n account_v it_o hard_a and_o unreasonable_a and_o consequent_o retaliate_v the_o like_a upon_o we_o to_o answer_v this_o objection_n its_o necesary_a to_o inquire_v what_o kingdom_n and_o counry_n will_v be_v concern_v in_o this_o law_n 1_o st_o then_o italy_n spain_n and_o portugal_n will_v be_v whole_o unconcern_v 2_o dly_z so_o will_v france_n who_o if_o they_o be_v concern_v can_v take_v no_o offence_n while_o they_o lie_v a_o imposition_n of_o 50_o or_o 60_o per_fw-la cent_z upon_o our_o drapery_n 3_o dly_z the_o dutch_a and_o hamburger_n will_v not_o by_o such_o additional_a law_n be_v more_o exclude_v then_o now_o they_o be_v and_o the_o latter_a will_v have_v a_o advantage_n by_o it_o in_o case_n the_o dane_n shall_v as_o it_o may_v be_v suppose_v they_o will_v lay_v a_o tax_n upon_o our_o ship_n there_o for_o the_o consequence_n thereof_o will_v be_v that_o much_o of_o those_o kind_n of_o commodity_n we_o shall_v fetch_v from_o hambrough_n where_o they_o be_v plentiful_o to_o be_v have_v though_o at_o a_o little_o dear_a rate_n and_o yet_o not_o so_o dear_a but_o that_o the_o dutch_a fetch_v yearly_o thence_o 350_o or_o 400_o ship_n load_v of_o timber_n and_o other_o wooden_a commodity_n 4_o thly_a the_o sweede_n will_v have_v a_o apparent_a benefit_n by_o it_o by_o turn_v a_o great_a part_n of_o the_o stream_n of_o our_o trade_n for_o those_o commodity_n to_o gottenborrow_n and_o divers_a other_o part_n of_o sweeden_n that_o be_v late_o open_v and_o now_o open_v where_o very_o large_a quantity_n of_o timber_n mast_n and_o board_n likewise_o may_v be_v have_v though_o some_o sma●l_a matter_n dear_a than_o in_o norway_n beside_o if_o the_o sweede_n shall_v expect_v no_o advantage_n but_o rather_o loss_n by_o such_o amendment_n of_o our_o own_o law_n they_o have_v no_o reason_n to_o b●_n angry_a because_o they_o have_v late_o make_v so_o many_o law_n for_o encouragement_n of_o their_o own_o ship_n and_o navigation_n and_o consequent_o discouragement_n of_o we_o that_o do_v in_o effect_n amount_v to_o a_o prohibition_n of_o the_o english_a from_o send_v their_o own_o manufacture_n to_o sweeden_n in_o english_a ship_n insomuch_o that_o the_o english_a merchant_n when_o sweedish_a ship_n do_v not_o p●●sent_a be_v force_v many_o time_n to_o s●nd_v th●ir_a good_n to_o elsinore_n to_o lie_v there_o till_o a_o sweedish_a ship_n come_v by_o to_o put_v they_o aboard_o of_o and_o pay_v their_o factoridge_n and_o other_o charge_n because_o if_o they_o shall_v send_v they_o on_o english_a ship_n the_o duty_n be_v so_o high_a in_o sweeden_n that_o it_o be_v impossible_a for_o they_o to_o make_v their_o first_o cost_n of_o they_o 5_o thly_a the_o easterlin_n or_o hans-town_n though_o they_o be_v exclude_v this_o trade_n for_o england_n with_o their_o ship_n whereof_o they_o have_v little_a the_o great_a share_n be_v carry_v away_o by_o the_o dane_n will_v be_v gainer_n by_o the_o increase_n of_o our_o trade_n with_o they_o for_o board_n timber_n spruce_n deal_v etc._n etc._n at_o dantzick_n quinsborough_n and_o other_o place_n which_o will_v be_v very_o considerable_a in_o case_n the_o king_n of_o denmark_n shall_v impose_v any_o considerable_a extraordinary_a tribute_n on_o our_o ship_n which_o bring_v i_o to_o the_o three_o objection_n object_n 3._o if_o this_o be_v do_v will_v not_o the_o king_n of_o denmark_n lay_v a_o great_a imposition_n upon_o all_o our_o ship_n that_o trade_n into_o his_o dominion_n and_o also_o upon_o our_o drapery_n and_o other_o native_a english_a commodity_n i_o answer_v that_o whatever_o that_o king_n may_v do_v at_o first_o i_o be_o persuade_v after_o he_o have_v consider_v of_o it_o he_o will_v be_v moderate_a in_o his_o imposition_n because_o he_o can_v hurt_v none_o but_o himself_o by_o make_v they_o great_a for_o as_o to_o drapery_n and_o other_o english_a good_n his_o country_n spend_v none_o worth_a speak_v of_o and_o that_o charge_v with_o about_o 30_o or_o 40_o per_fw-la cent_z custom_n already_o nine_o ten_o of_o all_o the_o timber_n and_o board_n we_o fetch_v from_o thence_o be_v in_o my_o opinion_n purchase_v with_o ready_a dollar_n send_v from_o england_n and_o holland_n and_o if_o he_o shall_v by_o a_o great_a imposition_n total_o discourage_v we_o from_o trade_v with_o his_o people_n we_o shall_v lay_v out_o that_o money_n with_o the_o sweede_n hamburger_n danzicker_n and_o other_o where_o we_o may_v have_v sufficient_a supply_n while_o the_o dane_n will_v be_v exceed_o burden_a with_o the_o lie_v of_o their_o good_n upon_o their_o hand_n there_o be_v in_o norway_n great_a quantity_n of_o good_n viz._n the_o course_n hemlock_n timber_n common_o bring_v from_o larwick_n tunsberry_n sandyford_n osk●strand_n hollumstrand_n and_o many_o other_o part_n which_o no_o nation_n in_o the_o world_n trade_v with_o they_o for_o or_o will_v buy_v or_o use_v but_o the_o english_a only_o chap._n v._o concern_v transferrance_n of_o debt_n the_o great_a advantage_n that_o will_v accrue_v to_o this_o kingdom_n by_o a_o law_n for_o transfer_v bill_n of_o debt_n from_o one_o person_n to_o another_o be_v sufficient_o understand_v by_o most_o man_n especial_o by_o merchant_n the_o difficulty_n seem_v not_o to_o be_v so_o much_o in_o make_v of_o a_o law_n to_o this_o purpose_n as_o reduce_v it_o to_o practice_n because_o we_o have_v be_v so_o long_o accustom_v to_o buy_v and_o sell_v good_n by_o verbal_a contract_n only_o that_o rich_a and_o great_a man_n for_o some_o time_n will_v be_v apt_a to_o think_v it_o a_o diminution_n of_o their_o reputation_n to_o have_v bill_n under_o their_o hand_n and_o seal_n demand_v of_o they_o for_o good_n buy_v and_o mean_a man_n will_v fear_v the_o lose_n of_o their_o customer_n by_o insist_v upon_o have_v such_o bill_n for_o what_o they_o sell_v which_o inconveniency_n probable_o may_v be_v avoid_v and_o the_o good_a hope_v for_o full_o attain_v if_o it_o be_v enact_v that_o all_o and_o every_o person_n and_o person_n native_a and_o foreign_a body_n politic_a and_o corporate_a be_v or_o inhabit_v within_o the_o kingdom_n of_o england_n or_o dominion_n of_o wales_n who_o from_o and_o after_o the_o day_n of_o shall_v buy_v and_o receive_v any_o ware_n good_n and_o merchandise_n from_o any_o other_o shall_v immediate_o on_o receipt_n thereof_o in_o case_n ready_a money_n be_v not_o pay_v for_o the_o same_o give_v unto_o he_o or_o they_o of_o who_o such_o good_n ware_n and_o merchandise_n shall_v be_v buy_v or_o to_o he_o and_o their_o use_n a_o bill_n or_o write_v obligatory_a under_o the_o hand_n or_o seal_n of_o he_o or_o they_o so_o buy_v the_o same_o which_o shall_v mention_v the_o quality_n of_o the_o say_a good_n and_o the_o neat_a sum_n of_o money_n with_o the_o time_n or_o time_n of_o payment_n agree_v upon_o 2._o