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ID Title Author Corrected Date of Publication (TCP Date of Publication) STC Words Pages
A55327 Of trade 1. In general. 2. In particular. 3. Domestick. 4. Foreign. 5. The East-India. 6. The African. 7. The Turky. 8. The Spanish. 9. The Hamburgh. 10. The Portugal. 11. The Italian. 12. The Dutch. 13. The Russia. 14. The Greenland. 15. The Swedeland. 16. The Denmark. 17. The Irish. 18. The Scotland. 19. The plantation. 20. The French, &c. Also, of coyn. Bullion. Of improving our woollen manufacture. To prevent exporting wooll. Of ways and means to increase our riches, &c. By J.P. esq; to which is annex'd, the argument of the late Lord Chief Justice Pollexphen, upon an action of the case, brought by the East-India Company against Mr. Sands an interloper. Pollexfen, John, b. ca. 1638.; Pollexfen, Henry, Sir, 1632?-1691. Argument of a learned counsel, upon an action of the case brought by the East-India-Company. 1700 (1700) Wing P2780; ESTC R218994 111,770 258

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rightful Customs except in Time of War My Lord Cook saith 2 Inst 57. That the Words in this Act nisi publice prohibeantur are intended a Prohibition by the publick Council of the Kingdom by Act of Parliament This Act then being general all Merchants to have safe Conduct to go out and come into England if not prohibited by Act of Parliament is probably a Declaration of the common Law Stat. 2 E. 3 c. That all Merchants Strangers and Privy may go and come with their Merchandizes into England according to the Form of the Grand Charter Stat. 9 E. 3 c. 1. That all Merchants Strangers and Denizens and all other and every of them of what Estate soever they be shall sell their Merchandizes from whencesoever they come freely without Interruption Except the King's Enemies And that this Act shall be observed and performed notwithstanding any Charters to the contrary And that Charters to the contrary are of no force but are to the King's Damage and to the Oppression of the Commons But your Charter gives you the sole Merchandizing to and from the East-Indies Stat. 14 E. 3. c. 2. Recites Magna Charta and enacts That all Merchants Aliens and Denizens may without Let safely come with their Merchandizes safely carry and safely return Stat. 25 E. 3. c. 2. Confirms the former Statute of 9 E. 3. and enacts That if any Letters Patents Proclamation or Commandment be made to the contrary it shall be void Stat. 2 R. 2. c. 1. and 11. c. 7. Both confirm the two former Statutes and enact That all Letters Patents and Commands to the contrary shall be void By these four Statutes the Freedom of Trade and Traffick is amply establish'd and all Letters Patents Grants Proclamations and commands to the contrary made void if they had not been so at common Law And my Lord Cook 2 Inst 63. upon Consideration of Magna Charta and these Statutes after Examination of several Grants of Tolls and Duties to be paid upon Merchandize saith That upon this Charter this Conclusion is necessarily gathered that all Monopolies concerning Trade and Traffick are against the Liberty and Freedom declared and granted by this Great Charter and divers other Acts of Parliament which are good Commentaries upon this Charter And then cites the other Statute that I have before cited Object But say they tho we have the sole Trade yet we are no Monopoly Resp To prove it to be a Monopoly 3 Inst 181. let us see how a Monopoly is described My Lord Cook in his Chapter of Monopolies describes it An Institution or Allowance by the King 's Grant to any Person or Persons Bodies Politick or Corporate of or for the sole buying or selling or using of any thing whereby any Person or Persons are to be restrained of any Freedom or Liberty that they had before or are hindred in their lawful Trade This Description I think exactly suits with your Patent For 1. By your Patent you have the sole Trade granted to you Sole Trade is sole buying and sole selling for Merchandizing consists in buying and selling The sole using any thing is another general Part of this Description Is not sole Trade sole using or merchandizing And for the latter Part of it whereby any Person is restrained or hindred in his Liberty 2. Your Patent grants to you to seize the Ships and Goods of any that come thither And your bringing this Action shews you are sufficiently a Hinderer of the Liberty of others to trade So that I think you can't deny but that you are comprehended under this Description But for further Evidence of its being a Monopoly let us see what the Evils and Mischiefs are that were in Monopolies which the Law speaks so hard of The Evils and Mischiefs are First That the Price of the Commodity they sell shall be kept and risen higher than otherwise it would be For he that hath the sole Trade will keep up the Price as he pleaseth And this is one of the Evils mentioned in the Case of Monopolies 11 Rep. 86. b. The Truth hereof I think is evident enough and no Man in Reason thinks but he that hath the sole Trade trades for his Advantage And the highest and dearest Rates he can sell at and the cheapest he can buy at are his Advantage Secondly A second Mischief or Evil is that Monopolies or sole Trade is pro privato paululorum quaestu So it is said to be in the Margent of the Book before cited 3 Inst 181. No Man will doubt hereof that considers the present State or Condition of this Company Thirdly Another Evil or Mischief of Monopolies or sole Trade is the Impoverishment and Oppression of the King's Subjects Trade is not in its own Nature fix'd and stable but varying and altering sometimes better sometimes worse Sometimes one Trade beneficial another not according as Wares Sicknesses Scarsity of this or that sort of Commodity or Merchandize in this or that Country Modes Fashions Customs and Habits of Men do occasion And the Merchants by their Education and Observation manage and govern this Trade for the Maintenance of themselves and their Families and the general Good of Men. And direct and imploy their Estates and traffick into this or that Part of the World as Time and Occasion shall give them best Encouragement But sole Trade into this or that Part of the World granted to one Company and of another to another sets up the particular Men that head the Companies but destroys all other Merchants and inferior People Such Patents must undo all other Parts of this Kingdom besides London For the Companies can't drive these great Trades but must manage them in London and consequently the other Parts of the Kingdom must be excluded All shipping must be subjected to the Rates and Prizes these Appropriators of Trade will give them or else lye still and be destroyed And so must all Masters of Ships Mariners all Artificers Labourers Factors and Servants whose Employments depend upon these Trades must all be subjected to their Wills And of how great Consequence that may be deserves Consideration The Instances of your Oppressions and Dealings with your Factors Captains Servants and Seamen that got any thing in their Service are well known So that if the Evils and Mischiefs which the Common Law forbids and endeavours to prevent by judging all Monopolies Ingrossings and sole Trade unlawful be to be avoided The Evils and Mischiefs attending your Patent and sole Trade are perhaps the greatest because your sole Trade is the greatest that ever England knew That every Grant of the King hath this Condition implied in it F. N. Br 222. viz. Quod Patria per talem donationem magis solito non oneretur seu gravetur Grant le Roy al charge ou prejudice del Subject est void 13 H. 4. ●● And if the Evils and Mischiefs of this Grant be as I have stated them 'T is a Grant to the