commodity_n that_o receive_v a_o far_a manufacture_n here_o and_o though_o it_o be_v possible_a we_o may_v be_v supply_v with_o silk_n from_o other_o place_n yet_o not_o at_o so_o cheap_a term_n as_o from_o india_n and_o for_o taffeta_n and_o other_o wrought_a india-silk_n they_o serve_v instead_o of_o so_o much_o italian_a and_o french-silk_n whereof_o otherwise_o we_o shall_v use_v a_o far_o great_a quantity_n which_o will_v cost_v the_o nation_n almost_o treble_a the_o price_n of_o india-silk_n and_o so_o augment_v the_o kingdom_n charge_n and_o expense_n above_o 20_o thousand_o pound_n per_fw-la annum_fw-la callico_n be_v a_o most_o useful_a and_o necessary_a commodity_n and_o serve_v instead_o of_o the_o like_a quantity_n of_o french_a dutch_a and_o flanders_n linen_n which_o will_v cost_v at_o least_o three_o time_n the_o price_n of_o it_o and_o hereby_o the_o nation_n have_v a_o very_a great_a benefit_n not_o only_o as_o it_o save_v two_o or_o three_o 100_o thousand_o pound_n in_o its_o expense_n but_o also_o as_o it_o hinder_v so_o far_o the_o enrich_n those_o neighbour-nation_n from_o who_o greatness_n this_o kingdom_n may_v fear_v most_o prejudice_n it_o be_v to_o be_v wish_v that_o people_n will_v use_v more_o woollen_a of_o our_o own_o manufacture_n which_o may_v serve_v for_o many_o occasion_n in_o lieu_n of_o linen_n but_o we_o see_v such_o be_v the_o present_a humour_n that_o a_o act_n of_o parliament_n have_v prevail_v nothing_o in_o a_o matter_n of_o this_o kind_n without_o question_v it_o will_v be_v much_o the_o interest_n of_o this_o kingdom_n to_o promote_v and_o encourage_v the_o manufacture_n of_o linen_n in_o ireland_n whereby_o it_o may_v not_o only_o enrich_v that_o kingdom_n rather_o than_o a_o foreign_a country_n but_o also_o by_o diversion_n prevent_v the_o increase_n of_o the_o woollen_a manufacture_n there_o which_o otherwise_o in_o time_n will_v destroy_v the_o staple-manufacture_n of_o drapery_n in_o england_n and_o thereby_o 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from_o the_o consideration_n of_o the_o good_n return_v from_o india_n and_o from_o hence_o transport_v into_o foreign_a part_n will_v arise_v a_o full_a and_o clear_a answer_n to_o the_o objection_n make_v against_o this_o trade_n because_o of_o the_o quantity_n of_o gold_n and_o silver_n send_v out_o for_o the_o carry_v it_o on_o for_o what_o have_v be_v note_v before_o in_o the_o general_a notion_n of_o trade_n will_v in_o fact_n be_v demonstrate_v as_o there_o be_v carry_v out_o from_o england_n to_o india_n about_o 420_o thousand_o pound_n in_o bullion_n so_o there_o be_v transport_v from_o england_n into_o foreign_a country_n of_o good_n bring_v from_o india_n the_o value_n of_o 830_o thousand_o pound_n which_o with_o the_o profit_n arise_v thereupon_o to_o englishman_n amount_n to_o 890_o thousand_o pound_n so_o that_o if_o all_o other_o foreign_a trade_n do_v export_v sufficient_a in_o commodity_n of_o the_o product_n and_o manufacture_n of_o england_n to_o purchase_v and_o satisfy_v for_o all_o the_o commodity_n they_o import_v there_o must_v undeniable_o be_v 470_o thousand_o pound_n in_o bullion_n bring_v in_o and_o add_v to_o the_o treasure_n of_o the_o kingdom_n every_o year_n by_o the_o india_n trade_n when_o it_o be_v so_o full_o carry_v on_o over_o and_o above_o the_o benefit_n of_o all_o the_o india_n commodity_n spend_v and_o consume_v in_o the_o kingdom_n and_o of_o the_o building_n employ_v and_o maintain_v so_o great_a a_o number_n of_o ship_n and_o thus_o the_o send_v out_o of_o our_o treasure_n increase_v it_o whereas_o to_o coop_v it_o up_o will_v render_v it_o whole_o useless_a have_v we_o all_o the_o gold_n and_o silver_n in_o the_o world_n in_o this_o island_n if_o it_o be_v absolute_o keep_v and_o confine_v within_o the_o kingdom_n it_o will_v neither_o greaten_v our_o trade_n nor_o render_v we_o more_o formidable_a in_o strength_n and_o power_n if_o it_o be_v allege_v that_o such_o a_o addition_n of_o treasure_n every_o year_n bring_v into_o the_o nation_n will_v certain_o be_v more_o visible_a and_o make_v a_o great_a plenty_n of_o money_n whereas_o there_o seem_v to_o be_v rather_o a_o decrease_n and_o decay_v of_o our_o treasure_n and_o a_o scarcity_n of_o money_n i_o answer_v though_o as_o before_o note_v it_o be_v my_o sentiment_n that_o there_o be_v as_o much_o treasure_n i_o mean_v gold_n and_o silver_n in_o the_o kingdom_n as_o ever_o yet_o suppose_v it_o be_v otherwise_o and_o that_o the_o nation_n do_v decrease_v in_o their_o treasure_n whence_o do_v it_o so_o come_v to_o pass_v not_o from_o the_o east_n india-trade_n that_o be_v apparent_a if_o all_o other_o foreign_a trade_n be_v upon_o a_o balance_n and_o that_o their_o export_n of_o the_o product_n and_o manufacture_n of_o england_n do_v answer_v all_o their_o import_v so_o that_o the_o proceed_v of_o india-goods_a export_v may_v return_v in_o bullion_n this_o kingdom_n in_o few_o year_n will_v have_v the_o great_a treasure_n of_o any_o nation_n in_o europe_n but_o if_o some_o other_o foreign_a trade_n do_v waste_v and_o consume_v our_o treasure_n let_v we_o lay_v the_o saddle_n on_o the_o right_a horse_n and_o endeavour_v to_o find_v out_o expedient_n to_o prevent_v it_o in_o the_o mean_a time_n it_o will_v be_v destructive_a to_o stop_v the_o current_n of_o our_o supply_n by_o break_v in_o upon_o or_o obstruct_v the_o course_n of_o the_o east_n india-trade_n by_o which_o if_o the_o kingdom_n have_v not_o be_v supply_v all_o its_o treasure_n may_v ere_o this_o have_v be_v exhaust_v some_o have_v suggest_v that_o if_o there_o be_v not_o so_o much_o india-goods_a to_o transport_v there_o will_v be_v more_o of_o our_o native_a commodity_n and_o manufacture_n transport_v and_o vend_v abroad_o this_o can_v be_v no_o other_o than_o a_o fancy_n and_o imagination_n and_o will_v appear_v to_o be_v very_o groundless_a when_o it_o be_v consider_v that_o there_o be_v other_o
the_o east-india-trade_n a_o most_o profitable_a trade_n to_o the_o kingdom_n and_o best_o secure_v and_o improve_v in_o a_o company_n and_o a_o joint-stock_n represent_v in_o a_o letter_n write_v upon_o the_o occasion_n of_o two_o letter_n late_o publish_v insinuate_v the_o contrary_a london_n print_v in_o the_o year_n 1677._o the_o east-india-trade_n a_o most_o profitable_a trade_n to_o the_o kingdom_n etc._n etc._n sir_n your_o kind_a reception_n of_o my_o former_a do_v encourage_v i_o to_o answer_v your_o desire_n in_o part_n and_o to_o give_v you_o my_o thought_n more_o particular_o touch_v the_o great_a advantage_n that_o redound_v to_o the_o kingdom_n by_o the_o east-india-trade_n and_o some_o reason_n why_o i_o conceive_v the_o say_a trade_n can_v so_o well_o be_v carry_v on_o or_o manage_v for_o the_o public_a good_a in_o any_o other_o way_n than_o by_o a_o company_n in_o a_o joint_a stock_n in_o order_n hereunto_o give_v i_o leave_v in_o the_o first_o place_n to_o say_v something_o of_o trade_n in_o general_n which_o may_v not_o only_o give_v some_o light_n for_o the_o better_a understanding_n the_o india-trade_n but_o also_o obviate_v some_o objection_n that_o be_v frequent_o make_v against_o it_o trade_n may_v be_v distinguish_v into_o foreign_a and_o domestic_a the_o latter_a will_v be_v very_o inconsiderable_a but_o in_o subserviency_n to_o the_o former_a trade_n confine_v among_o ourselves_o procure_v little_a advantage_n to_o the_o kingdom_n no_o more_o than_o the_o buy_n and_o sell_v of_o land_n one_o have_v more_o and_o another_o have_v less_o the_o owner_n be_v change_v but_o the_o land_n be_v still_o the_o same_o it_o be_v foreign_a trade_n that_o be_v the_o great_a interest_n and_o concern_v of_o the_o kingdom_n without_o foreign_a trade_n all_o or_o the_o most_o part_n of_o those_o study_n that_o render_v person_n so_o renown_v will_v be_v of_o little_a signification_n to_o the_o public_a what_o be_v all_o knowledge_n if_o it_o be_v not_o 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honourable_a and_o great_a that_o give_v we_o a_o name_n and_o esteem_v in_o the_o world_n that_o make_v we_o master_n of_o the_o treasure_n of_o other_o country_n and_o beget_v and_o maintain_v our_o ship_n and_o seaman_n the_o wall_n and_o bulwark_n of_o our_o country_n be_v it_o not_o for_o foreign_a trade_n what_o will_v become_v of_o the_o revenue_n of_o six_o to_o eight_o hundred_o thousand_o pound_n per_fw-la annum_fw-la for_o custom_n and_o what_o will_v the_o rent_n of_o our_o land_n he_o the_o custom_n will_v total_o fail_v and_o our_o gentleman_n rent_n of_o thousand_o per_fw-la annum_fw-la will_v dwindle_v into_o less_o than_o hundred_o but_o all_o foreign_a trade_n be_v not_o alike_o advantageous_a to_o the_o kingdom_n certain_o that_o can_v be_v suppose_v there_o may_v be_v such_o a_o trade_n to_o some_o place_n under_o such_o circumstance_n as_o instead_o of_o bring_v advantage_n and_o add_v to_o the_o stock_n of_o the_o kingdom_n may_v be_v very_o detrimental_a and_o destructive_a by_o waste_v and_o consume_v our_o stock_n and_o treasure_n a_o trade_n that_o take_v off_o little_a from_o we_o in_o commodity_n and_o furnish_v we_o with_o little_a or_o no_o good_n for_o our_o foreign_a vent_n in_o other_o place_n but_o with_o abundance_n of_o either_o unnecessary_a and_o superfluous_a thing_n to_o feed_v our_o vain_a humour_n and_o fancy_n or_o with_o such_o though_o useful_a as_o hinder_v the_o consumption_n of_o our_o own_o manufacture_n can_v never_o be_v profitable_a but_o destructive_a and_o such_o a_o trade_n be_v that_o to_o france_n as_o it_o lie_v under_o those_o exorbitant_a imposition_n on_o our_o manufacture_n of_o 50_o to_o 60_o per_fw-la cent_z amount_v almost_o to_o a_o prohibition_n whereas_o there_o be_v former_o vend_v in_o that_o kingdom_n annual_o to_o the_o amount_v of_o 600_o thousand_o pound_n in_o english_a drapery_n there_o be_v now_o hardly_o vend_v 50_o thousand_o pound_n worth_a and_o yet_o our_o receipt_n from_o they_o in_o wine_n linen_n paper_n silk_n garment_n ready_a make_v bed_n and_o a_o innumerable_a company_n of_o toy_n and_o trinket_n be_v great_o augment_v so_o that_o our_o receipt_n from_o france_n in_o unnecessary_a and_o superfluous_a thing_n or_o in_o such_o commodity_n as_o hinder_v the_o use_n of_o our_o own_o manufacture_n and_o serve_v not_o to_o supply_v other_o foreign_a market_n exceed_v by_o many_o hundred_o thousand_o annual_o what_o that_o country_n take_v from_o we_o in_o commodity_n that_o trade_n under_o such_o circumstance_n can_v be_v otherwise_o than_o very_o ruinous_a and_o destructive_a other_o foreign_a trade_n that_o be_v profitable_a to_o the_o kingdom_n yet_o be_v not_o equal_o so_o some_o take_v off_o more_o of_o our_o native_a commodity_n and_o manufacture_n furnish_v we_o with_o more_o useful_a and_o necessary_a commodity_n at_o cheap_a rate_n for_o our_o consumption_n supply_v we_o with_o material_n for_o manufacture_n or_o with_o commodity_n to_o be_v transport_v to_o other_o country_n for_o a_o further_a enlargement_n of_o our_o trade_n than_o other_o some_o trade_n employ_v a_o great_a number_n of_o english_a ship_n occasion_n the_o building_n and_o maintain_v ship_n of_o great_a burden_n and_o force_n whereby_o a_o addition_n be_v make_v to_o the_o strength_n of_o the_o kingdom_n than_o other_o and_o some_o trade_n bring_v in_o a_o great_a revenue_n to_o his_o majesty_n whereby_o the_o public_a charge_n of_o the_o kingdom_n be_v supply_v without_o or_o with_o less_o tax_n on_o the_o people_n than_o other_o of_o all_o which_o matter_n a_o due_a consideration_n be_v to_o be_v have_v in_o the_o examination_n of_o the_o distinct_a trade_n to_o find_v out_o which_o be_v most_o profitable_a and_o beneficial_a to_o the_o kingdom_n it_o be_v a_o maxim_n general_o receive_v and_o approve_v in_o reference_n to_o foreign-trade_n and_o take_v as_o a_o rule_n to_o measure_v any_o trade_n by_o whether_o it_o be_v profitable_a to_o the_o kingdom_n or_o not_o that_o where_o the_o good_n export_v be_v less_o in_o value_n than_o the_o good_n import_v the_o kingdom_n lose_v by_o that_o trade_n because_o what_o fall_v short_a must_v be_v supply_v by_o money_n and_o on_o the_o other_o hand_n when_o the_o export_n be_v more_o than_o the_o import_v the_o treasure_n and_o stock_n of_o the_o kingdom_n be_v increase_v by_o such_o a_o trade_n it_o be_v necessary_o suppose_v that_o the_o overplus_n be_v return_v in_o bullion_n this_o rule_n seem_v to_o be_v take_v from_o the_o consideration_n of_o the_o whole_a kingdom_n as_o to_o its_o trade_n with_o foreign_a part_n under_o the_o notion_n of_o a_o single_a person_n possess_v and_o manage_v a_o estate_n or_o farm_n if_o he_o do_v not_o raise_v from_o his_o estate_n or_o farm_n to_o sell_v for_o a_o great_a value_n than_o to_o purchase_v what_o he_o do_v and_o must_v necessary_o buy_v in_o for_o the_o supply_n of_o his_o farm_n and_o household_n he_o can_v advance_v thereby_o if_o his_o receipt_n exceed_v his_o payment_n there_o be_v a_o addition_n to_o his_o stock_n if_o his_o payment_n surpass_v his_o receipt_n he_o run_v in_o debt_n and_o decay_v in_o his_o estate_n a_o gentleman_n that_o spend_v every_o year_n more_o than_o his_o revenue_n or_o income_n will_v in_o time_n have_v no_o revenue_n at_o all_o this_o notion_n be_v undoubted_o very_o good_a and_o may_v by_o a_o due_a consideration_n of_o it_o under_o several_a and_o various_a circumstance_n be_v improve_v and_o make_v use_n of_o to_o explain_v the_o matter_n of_o foreign-trade_n in_o reference_n to_o the_o kingdom_n so_o as_o to_o render_v the_o same_o intelligible_a to_o all_o person_n for_o it_o will_v not_o only_o show_v we_o that_o we_o decay_n in_o our_o stock_n when_o the_o cost_n of_o what_o we_o spend_v and_o consume_v be_v more_o than_o we_o can_v purchase_v by_o what_o we_o sell_v of_o our_o own_o product_n and_o manufacture_n but_o
extraordinary_a freight_n the_o two_o first_o voyage_n which_o amount_v from_o 700_o to_o 1200_o pound_n a_o ship_n according_a to_o their_o burden_n by_o which_o mean_v there_o be_v a_o very_a large_a addition_n of_o strength_n for_o defence_n of_o the_o kingdom_n in_o case_n of_o war_n the_o say_v ship_n fit_v in_o a_o warlike_a equipage_n will_v carry_v from_o 40_o to_o 60_o and_o 70_o gun_n and_o of_o how_o great_a concern_v this_o be_v to_o the_o nation_n judicious_a person_n that_o consider_v the_o present_a state_n of_o affair_n will_v easy_o judge_v the_o export_n of_o the_o company_n in_o one_o year_n as_o it_o be_v in_o the_o end_n of_o anno_fw-la 1674_o and_o beginning_n of_o anno_fw-la 1675_o may_v be_v about_o 430_o thousand_o pound_n whereof_o about_o 320_o thousand_o pound_n in_o bullion_n and_o about_o 110_o thousand_o pound_n value_v in_o cloth_n and_o other_o good_n the_o return_v of_o the_o say_a adventure_n bring_v home_o for_o england_n by_o the_o company_n in_o callico_n pepper_n saltpetre_n indigo_n silk_n wrought-silk_n and_o some_o drug_n and_o other_o commodity_n may_v on_o sale_n in_o england_n produce_v at_o least_o 860_o thousand_o pound_n and_o oftentimes_o much_o more_o his_o majesty_n custom_n freight_n of_o ship_n and_o all_o other_o charge_n of_o officer_n warehouse_n lighter_n cart_n porter_n and_o such_o like_a will_v amount_v to_o a_o very_a great_a sum_n but_o all_o this_o be_v payable_a in_o england_n it_o be_v altogether_o as_o much_o the_o kingdom_n stock_n as_o the_o clear_a profit_n add_v to_o the_o company_n stock_n be_v so_o that_o there_o be_v in_o a_o plain_a and_o direct_a way_n add_v to_o the_o stock_n of_o the_o kingdom_n by_o the_o company_n trade_n in_o one_o year_n if_o no_o accident_n intervene_v 430_o thousand_o pound_n if_o any_o shall_v suggest_v that_o the_o charge_n in_o india_n for_o maintenance_n of_o factor_n factory_n fort_n garrison_n negotiation_n with_o prince_n and_o other_o charge_n and_o 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to_o the_o amount_v of_o 110_o thousand_o pound_n may_v consist_v of_o about_o 60_o to_o 70_o thousand_o pound_n in_o english_a good_n and_o the_o rest_n in_o foreign_a commodity_n the_o english_a good_n be_v chief_o drapery_n tynn_n and_o lead_v and_o whereas_o it_o may_v be_v suppose_v that_o though_o we_o have_v no_o trade_n for_o india_n yet_o if_o any_o of_o our_o neighbour_n do_v trade_n thither_o so_o much_o of_o our_o lead_n may_v be_v take_v from_o we_o by_o they_o as_o can_v well_o be_v vend_v in_o india_n i_o shall_v forbear_v to_o say_v any_o thing_n of_o that_o commodity_n but_o as_o to_o the_o drapery_n and_o tynn_n which_o amount_v to_o the_o value_n of_o 50_o to_o 60_o thousand_o pound_n in_o case_n the_o english_a have_v no_o trade_n to_o india_n the_o kingdom_n will_v lose_v the_o sale_n of_o so_o much_o of_o those_o commodity_n as_o be_v usual_o send_v there_o and_o in_o effect_n the_o whole_a value_n be_v 50_o thousand_o pound_n on_o the_o other_o hand_n by_o this_o trade_n the_o kingdom_n gain_v or_o make_v 50_o thousand_o pound_n of_o that_o which_o otherwise_o will_v yield_v nothing_o no_o other_o nation_n do_v carry_v english_a cloth_n to_o india_n and_o all_o foreign_a market_n where_o there_o be_v no_o obstruction_n by_o prohibition_n or_o imposition_n be_v full_o supply_v with_o as_o much_o and_o more_o than_o they_o can_v vend_fw-mi and_o for_o tynn_n there_o be_v vast_a quantity_n in_o some_o part_n of_o india_n the_o dutch_a during_o the_o time_n of_o the_o late_a preemption_n of_o tynn_n have_v bring_v home_o in_o two_o year_n 4_o or_o 500_o tun_n and_o it_o may_v be_v more_o advantageous_a to_o the_o english_a company_n not_o only_o to_o transport_v tynn_n from_o one_o part_n of_o indio_n to_o another_o rather_o than_o to_o send_v it_o from_o england_n but_o also_o to_o bring_v tynn_n from_o india_n to_o england_n for_o ballast_n of_o their_o ship_n that_o come_v with_o pepper_n from_o bantam_n do_v they_o not_o prefer_v the_o kingdom_n interest_n before_o their_o private_a profit_n ii_o in_o reference_n to_o the_o return_v from_o india_n there_o may_v be_v spend_v and_o consume_v ordinary_o within_o the_o kingdom_n according_a to_o the_o near_a calculation_n i_o can_v make_v to_o the_o value_n of_o 200_o to_o 230_o or_o 240_o thousand_o pound_n in_o india-goods_a viz._n about_o six_o thousand_o pounds-worth_n of_o pepper_n 24_o to_o 30_o thousand_o pounds-worth_n of_o saltpetre_n 25_o to_o 30_o thousand_o pounds-worth_n of_o silk_n and_o silk_n 150_o to_o 160_o thousand_o pounds-worth_n of_o callico_n and_o about_o 10_o to_o 15_o thousand_o pounds-worth_n of_o indigo_n and_o other_o drug_n all_o the_o rest_n of_o the_o return_v above_o mention_v amount_v in_o value_n to_o 630_o thousand_o pound_n or_o thereabouts_o be_v transport_v to_o foreign_a market_n as_o also_o most_o part_n of_o the_o private_a trade_n the_o pepper_n i_o reckon_v at_o 8_o d._n the_o pound_n and_o it_o be_v the_o most_o necessary_a spice_n and_o of_o that_o use_n that_o in_o former_a time_n it_o have_v sell_v for_o 3_o sh._n 4_o d._n the_o pound_n it_o be_v not_o to_o be_v have_v but_o from_o india_n and_o if_o the_o english_a have_v no_o east-india-trade_n it_o must_v be_v purchase_v from_o the_o hollander_n who_o if_o they_o have_v it_o all_o in_o their_o own_o hand_n may_v raise_v it_o to_o the_o same_o rate_n they_o do_v their_o other_o spice_n who_o first_o cost_v in_o india_n be_v much_o the_o same_o but_o suppose_v it_o may_v come_v at_o 16_o d._n per_fw-la pound_n which_o be_v the_o least_o rate_n we_o can_v expect_v it_o at_o it_o will_v be_v annual_o a_o further_a expense_n and_o charge_n to_o the_o nation_n of_o at_o least_o six_o thousand_o pound_n the_o saltpetre_n be_v of_o that_o absolute_a necessity_n that_o without_o it_o we_o shall_v be_v like_o the_o israelite_n under_o the_o bondage_n of_o the_o philistine_n without_o mean_n of_o defend_v ourselves_o if_o we_o have_v no_o india-trade_n possible_o in_o time_n of_o peace_n we_o may_v purchase_v it_o though_o it_o will_v cost_v we_o double_v what_o now_o it_o do_v but_o in_o case_n of_o war_n where_o can_v we_o have_v sufficient_a will_v our_o enemy_n be_v so_o kind_a as_o to_o furnish_v we_o it_o be_v ill_o trust_v to_o that_o will_v our_o gentleman_n citizens_z and_o farmer_n be_v willing_a to_o have_v their_o cellar_n and_o room_n dig_v up_o and_o to_o be_v deprive_v of_o freedom_n in_o their_o own_o house_n while_o they_o be_v expose_v and_o lay_v open_a to_o saltpeter-man_n yet_o if_o that_o shall_v be_v beside_o the_o horrible_a inconvenience_n and_o vexation_n thereof_o it_o will_v be_v far_o short_a of_o supply_v we_o consider_v the_o vast_a expense_n in_o sea-fight_n what_o use_n will_v our_o ship_n and_o gun_n be_v off_o if_o we_o want_v powder_n silk_n be_v a_o
also_o that_o it_o be_v our_o interest_n neither_o to_o permit_v idleness_n nor_o profuseness_n but_o to_o give_v all_o encouragement_n to_o labour_n and_o industry_n to_o improve_v by_o manufacture_v what_o we_o have_v of_o our_o own_o growth_n and_o to_o carry_v the_o good_n we_o sell_v and_o to_o fetch_v the_o good_n we_o need_v to_o and_o from_o the_o best_a market_n by_o our_o own_o teem_n i._n e._n in_o our_o own_o ship_n etc._n etc._n yet_o notwithstanding_o the_o say_a rule_n as_o it_o be_v general_o take_v and_o straighten_a be_v not_o a_o adequate_a rule_n to_o measure_v the_o whole_a extent_n of_o foreign-trade_n by_o for_o it_o suppose_v only_o a_o trade_n in_o commodity_n and_o make_v money_n i._n e._n gold_n and_o silver_n to_o be_v the_o fix_a stock_n and_o riches_n of_o the_o kingdom_n and_o not_o improvable_a in_o the_o trade_n but_o increase_v or_o diminish_v as_o it_o supply_v only_o to_o answer_v the_o balance_n of_o the_o trade_n of_o commodity_n whereas_o in_o 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ship_n of_o war_n and_o magazine_n furnish_v with_o all_o necessary_a material_n and_o if_o we_o consider_v the_o very_a notion_n before_o mention_v from_o whence_o the_o rule_n be_v take_v and_o suppose_v the_o person_n possess_v and_o manage_v the_o farm_n to_o have_v attain_v to_o a_o stock_n of_o money_n over_o and_o above_o what_o be_v necessary_a for_o the_o carry_v on_o the_o concern_v of_o his_o farm_n who_o will_v not_o count_v he_o a_o ridiculous_a fool_n to_o let_v his_o money_n lie_v in_o his_o chest_n idle_a that_o as_o he_o can_v vend_n more_o good_n from_o his_o farm_n than_o will_v answer_v for_o the_o cost_n of_o what_o he_o need_v to_o buy_v in_o he_o may_v add_v far_o to_o it_o there_o to_o let_v it_o lie_v bury_v and_o useless_a whereas_o he_o may_v with_o his_o money_n have_v buy_v good_n at_o one_o market_n where_o they_o be_v cheap_a and_o carry_v they_o to_o another_o market_n where_o they_o be_v dear_a and_o so_o together_o with_o the_o benefit_n of_o the_o 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strength_n before_o this_o last_o war_n be_v it_o by_o imprison_a their_o gold_n and_o silver_n and_o confine_v their_o foreign_a trade_n to_o the_o good_n of_o their_o own_o product_n and_o manufacture_n no_o such_o matter_n for_o they_o have_v little_a or_o nothing_o of_o their_o own_o product_n but_o by_o liberty_n of_o transport_v bullion_n and_o by_o fetch_v good_n and_o merchandise_n from_o one_o place_n and_o carry_v they_o to_o another_o according_a to_o the_o proper_a market_n and_o season_n they_o do_v in_o a_o great_a measure_n obtain_v their_o riches_n and_o glory_n it_o be_v a_o great_a mistake_n though_o a_o common_a one_o to_o think_v that_o it_o be_v the_o plenty_n or_o scarcity_n of_o money_n that_o be_v the_o cause_n of_o a_o good_a or_o a_o bad_a trade_n it_o be_v true_a when_o the_o trade_n be_v quick_a and_o good_a money_n be_v more_o see_v and_o change_v hand_n ten_o time_n for_o what_o it_o do_v when_o the_o trade_n be_v dull_a and_o dead_a so_o that_o one_o hundred_o pound_n in_o a_o time_n of_o quick_a trade_n make_v as_o great_a a_o appearance_n as_o one_o thousand_o pound_n in_o a_o time_n of_o dead_a trade_n it_o be_v not_o so_o much_o the_o money_n that_o influence_v the_o trade_n as_o it_o be_v the_o trade_n that_o discover_v the_o money_n which_o otherwise_o will_v lie_v hide_v i_o be_o confident_a there_o never_o be_v more_o money_n in_o the_o kingdom_n though_o by_o reason_n of_o the_o deadness_n of_o trade_n in_o general_n and_o paucity_n of_o good_a security_n it_o walk_v not_o so_o much_o abroad_o have_v say_v thus_o much_o of_o trade_n in_o general_n i_o now_o proceed_v particular_o in_o answer_n to_o your_o desire_n to_o show_v the_o profitableness_n of_o the_o india-trade_n and_o that_o it_o be_v best_o manage_v in_o the_o way_n of_o a_o company_n and_o a_o joint-stock_n i._o that_o the_o east-india-trade_n be_v a_o most_o if_o not_o the_o most_o profitable_a and_o beneficial_a trade_n to_o the_o kingdom_n the_o extraordinary_a endeavour_n of_o most_o of_o the_o european_a natition_n to_o compass_v and_o gain_v the_o east-india-trade_n to_o themselves_o or_o at_o least_o to_o have_v a_o great_a share_n in_o it_o together_o with_o the_o success_n of_o the_o dutch_a therein_o and_o the_o vast_a advantage_n they_o have_v reap_v from_o thence_o be_v a_o main_a cause_n of_o that_o wealth_n and_o grandeur_n which_o have_v render_v they_o so_o redoubtable_a to_o and_o envy_v by_o all_o their_o neighbour_n may_v give_v a_o undeniable_a testimony_n of_o the_o beneficialness_n of_o this_o trade_n but_o it_o will_v be_v needless_a to_o insist_v thereon_o or_o to_o call_v in_o witness_n from_o abroad_o for_o from_o the_o consideration_n of_o the_o trade_n itself_o there_o will_v arise_v sufficient_a to_o evidence_n by_o demonstration_n that_o it_o be_v so_o and_o in_o consequence_n that_o it_o be_v the_o kingdom_n interest_n to_o uphold_v maintain_v and_o encourage_v the_o same_o it_o be_v a_o trade_n that_o take_v off_o a_o considerable_a quantity_n of_o our_o native_a commodity_n and_o manufacture_n though_o not_o altogether_o so_o much_o as_o some_o other_o trade_n do_v that_o supply_v we_o with_o most_o necessary_a and_o useful_a commodity_n for_o our_o consumption_n at_o the_o cheap_a rate_n that_o bring_v we_o some_o commodity_n for_o further_a manufacture_n that_o furnish_v we_o with_o large_a quantity_n of_o good_n for_o foreign-market_n that_o give_v employment_n to_o and_o so_o maintain_v great_a number_n of_o english_a ship_n that_o occasion_n the_o build_n of_o more_o ship_n of_o burden_n and_o force_n fit_a for_o warlike_a service_n and_o defence_n of_o the_o kingdom_n than_o any_o other_o trade_n that_o bring_v in_o a_o considerable_a revenue_n to_o his_o majesty_n exchequer_n by_o custom_n and_o the_o great_a addition_n to_o the_o kingdom_n stock_n the_o better_a and_o more_o convince_o to_o manifest_a all_o which_o i_o shall_v with_o all_o candour_n and_o moderation_n give_v you_o a_o state_n of_o the_o say_a trade_n both_o in_o the_o plain_a and_o direct_a course_n of_o it_o and_o also_o in_o the_o consequence_n depend_v upon_o it_o a_o state_n of_o the_o trade_n of_o india_n in_o reference_n to_o the_o kingdom_n concern_v first_o in_o the_o plain_a and_o direct_a course_n of_o it_o there_o be_v general_o employ_v in_o this_o trade_n in_o a_o direct_a course_n to_o and_o from_o india_n 30_o to_o 35_o great_a ship_n from_o 300_o to_o 600_o tun_n burden_n and_o within_o six_o or_o seven_o year_n last_o pass_v there_o have_v be_v build_v new_a from_o the_o stock_n about_o 26_o to_o 28_o ship_n from_o 350_o to_o 600_o tun_n burden_n pure_o on_o the_o hope_n of_o the_o company_n employment_n and_o the_o encouragement_n the_o company_n have_v propound_v and_o give_v of_o 20_o sh._n per_fw-la tun_n
nation_n that_o trade_n to_o india_n beside_o the_o english_a and_o if_o the_o english_a do_v not_o supply_v the_o foreign_a market_n with_o india-commodity_n those_o other_o nation_n our_o competitor_n in_o that_o trade_n will_v do_v it_o and_o the_o kingdom_n will_v lose_v the_o certain_a profit_n it_o now_o have_v and_o be_v disappoint_v of_o what_o these_o man_n imagine_v it_o may_v have_v if_o none_o can_v trade_n to_o india_n but_o the_o english_a and_o that_o other_o country_n can_v not_o be_v supply_v with_o commodity_n but_o must_v take_v what_o the_o english_a will_v bring_v they_o then_o indeed_o it_o will_v not_o be_v altogether_o of_o so_o great_a concern_v to_o the_o kingdom_n whether_o the_o english_a trade_v there_o or_o no_o so_o long_o as_o they_o can_v furnish_v such_o country_n with_o english_a good_n and_o make_v they_o content_a to_o take_v they_o or_o none_o but_o such_o a_o time_n be_v not_o like_a to_o be_v and_o therefore_o it_o can_v be_v advisable_a to_o cast_v off_o or_o discourage_v the_o east_n india-trade_n on_o such_o groundless_a conceit_n thus_o i_o have_v give_v you_o a_o state_n of_o the_o east_n india-trade_n whereby_o it_o be_v demonstrative_o evident_a how_o advantageous_a it_o be_v to_o the_o kingdom_n in_o all_o the_o respect_n before_o mention_v as_o it_o occasion_n the_o building_n and_o give_v employment_n to_o so_o great_a a_o number_n of_o ship_n of_o great_a burden_n and_o strength_n than_o any_o other_o trade_n and_o as_o it_o bring_v a_o addition_n annual_o of_o above_o 500_o thousand_o pound_n to_o the_o stock_n of_o the_o kingdom_n in_o its_o direct_a and_o ordinary_a course_n beside_o 80_o thousand_o pound_n more_o in_o consequence_n by_o other_o trade_n and_o as_o it_o save_v the_o kingdom_n near_o if_o not_o above_z 400_o thousand_o pound_n annual_o of_o what_o otherwise_o it_o will_v lose_v or_o expend_v but_o though_o the_o east_n india-trade_n be_v so_o beneficial_a and_o advantageous_a to_o the_o kingdom_n in_o itself_o may_v it_o not_o say_v some_o be_v more_o improve_v and_o carry_v on_o with_o great_a advantage_n to_o the_o public_a in_o some_o other_o way_n than_o by_o a_o company_n in_o a_o joint-stock_n i_o proceed_v therefore_o in_o compliance_n with_o your_o desire_n to_o say_v something_o of_o the_o second_o thing_n propose_v second_o that_o the_o east_n india-trade_n can_v so_o well_o be_v secure_v and_o improve_v for_o the_o benefit_n and_o advantage_n of_o the_o kingdom_n in_o any_o other_o way_n have_v by_o a_o company_n in_o a_o joint-stock_n the_o practice_n and_o experience_n of_o other_o nation_n in_o the_o east_n india_n trade_v may_v here_o also_o be_v bring_v in_o to_o give_v convince_a evidence_n on_o the_o behalf_n of_o a_o joint-stock_n no_o other_o nation_n trade_v otherwise_o except_o the_o portugal_n who_o be_v almost_o beat_v out_o of_o the_o trade_n and_o though_o the_o example_n of_o wise_a and_o politic_a government_n in_o their_o method_n of_o transact_a affair_n aught_o to_o have_v a_o due_a regard_n and_o in_o no_o wise_a to_o be_v slight_v especial_o when_o accompany_v with_o success_n in_o a_o long_a tract_n of_o time_n yet_o in_o the_o present_a case_n i_o shall_v not_o insist_v thereon_o but_o confine_v myself_o to_o the_o nature_n and_o reason_n of_o the_o thing_n itself_o none_o that_o be_v acquaint_v with_o the_o trade_n of_o india_n but_o must_v know_v that_o there_o be_v no_o come_n for_o any_o european_a people_n to_o any_o place_n in_o those_o country_n for_o trade_n without_o make_v present_n to_o the_o king_n prince_n governor_n and_o great_a man_n at_o their_o first_o come_n and_o obtain_v their_o licence_n and_o permission_n and_o that_o there_o be_v a_o necessity_n of_o purchase_v or_o hire_v some_o great_a house_n to_o abide_v in_o for_o the_o security_n of_o their_o person_n and_o good_n during_o their_o abode_n at_o every_o respective_a place_n the_o east-india_n company_n have_v be_v at_o vast_a charge_n and_o hazard_n not_o only_o to_o procure_v a_o freedom_n and_o liberty_n of_o trade_n with_o many_o great_a privilege_n and_o immunity_n both_o from_o the_o great_a mogul_n and_o very_o many_o other_o king_n prince_n and_o governor_n but_o likewise_o for_o the_o security_n of_o their_o factor_n estate_n and_o trade_n to_o purchase_v build_v and_o maintain_v great_a house_n and_o storehouse_n in_o all_o the_o place_n of_o their_o residence_n which_o be_v call_v factory_n and_o in_o some_o place_n as_o at_o fort_n st._n george_n bombay_n and_o st._n helena_n to_o make_v considerable_a fortification_n and_o to_o keep_v large_a garrison_n there_o be_v two_o way_n or_o method_n of_o carry_v on_o a_o foreign_a trade_n beside_o that_o of_o a_o company_n and_o a_o joint-stock_n first_o that_o which_o be_v call_v a_o open_a trade_n when_o all_o person_n be_v leave_v free_a to_o trade_n or_o not_o to_o trade_n and_o be_v confine_v to_o no_o particular_a rule_n and_o method_n in_o the_o manner_n of_o their_o trade_n but_o every_o one_o may_v manage_v his_o matter_n in_o such_o a_o way_n as_o to_o he_o seem_v good_a and_o such_o be_v the_o trade_n to_o france_n spain_n portugal_n and_o italy_n the_o other_o be_v call_v a_o regulate_v trade_n where_o there_o be_v a_o company_n without_o a_o joint-stock_n that_o have_v power_n to_o make_v some_o general_a rule_n as_o to_o the_o public_a manner_n and_o method_n of_o trading_n and_o to_o raise_v imposition_n on_o the_o trade_n for_o desray_v necessary_a charge_n in_o reference_n to_o the_o security_n thereof_o but_o yet_o every_o particular_a person_n be_v at_o liberty_n to_o trade_n or_o not_o to_o trade_n and_o to_o manage_v his_o own_o private_a stock_n and_o trade_n without_o be_v limit_v or_o confine_v either_o in_o quantity_n quality_n or_o price_n of_o good_n and_o such_o be_v the_o manner_n of_o the_o turky-company_n now_o it_o be_v to_o be_v examine_v whether_o the_o east-india_n trade_n can_v be_v so_o well_o 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obtain_v great_a privilege_n and_o quick_a dispatch_n one_o will_v vie_v upon_o another_o and_o some_o may_v be_v so_o far_o transport_v for_o private_a advantage_n as_o to_o endeavour_v by_o present_n to_o obtain_v the_o intervention_n of_o the_o power_n there_o to_o hinder_v and_o obstruct_v the_o trade_n of_o their_o fellow-subject_n thereby_o to_o advance_v their_o own_o will_v not_o the_o king_n and_o governor_n of_o those_o country_n and_o other_o nation_n our_o competitor_n in_o the_o india-trade_n take_v all_o opportunity_n to_o make_v their_o advantage_n and_o to_o put_v injury_n and_o hardship_n upon_o the_o english_a when_o they_o find_v they_o divide_v for_o want_n of_o unite_a counsel_n or_o strength_n to_o right_v themselves_o beside_o in_o sell_v and_o buy_v every_o one_o will_v strive_v to_o supplant_v the_o other_o and_o so_o give_v occasion_n to_o the_o indian_n to_o make_v extraordinary_a advantage_n by_o raise_v the_o price_n of_o indian_a commodity_n and_o fall_v the_o price_n of_o english-goods_a of_o all_o which_o there_o have_v already_o be_v too_o sad_a experience_n in_o three_o or_o four_o year_n of_o open_a trade_n from_o 1653_o to_o 1657_o in_o which_o time_n the_o english_a begin_v to_o lose_v their_o ancient_a honour_n and_o esteem_v in_o india_n and_o be_v much_o slight_v in_o comparison_n of_o what_o they_o be_v before_o under_o a_o company_n and_o many_o indignity_n and_o wrong_n be_v put_v upon_o they_o in_o several_a place_n in_o india_n by_o the_o king_n and_o governor_n force_v the_o english_a to_o sell_v their_o good_n and_o take_v other_o at_o such_o rate_n &_o price_n as_o they_o please_v and_o after_o contract_n and_o agreement_n make_v when_o the_o english_a have_v require_v performance_n instead_o thereof_o some_o of_o the_o english_a commander_n have_v be_v put_v to_o death_n and_o their_o ship_n and_o good_n seize_v and_o the_o rest_n of_o their_o seaman_n scornful_o send_v
possessor_n and_o enjoyer_n to_o be_v uphold_v and_o maintain_v to_o the_o nation_n as_o also_o that_o the_o say_v place_n of_o strength_n house_n and_o privilege_n be_v just_o and_o rightful_o the_o property_n of_o the_o person_n interest_v in_o the_o now_o joint-stock_n they_o ought_v not_o to_o be_v devest_v of_o the_o same_o without_o give_v they_o a_o due_a satisfaction_n and_o compensation_n if_o a_o englishman_n ought_v not_o to_o have_v any_o of_o his_o ground_n or_o estate_n in_o england_n take_v away_o for_o public_a use_n without_o a_o compensation_n and_o that_o parliament_n have_v be_v always_o very_o careful_a in_o such_o case_n to_o provide_v according_o as_o in_o the_o bill_n for_o build_v the_o city_n i_o do_v not_o see_v why_o a_o englishman_n propriety_n in_o fort_n house_n and_o estate_n that_o be_v to_o say_v privilege_n in_o foreign-countreys_n be_v not_o as_o much_o his_o right_n as_o if_o it_o be_v within_o the_o kingdom_n and_o it_o be_v to_o be_v fear_v that_o 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debt_n they_o have_v abroad_o and_o that_o the_o trade_n in_o future_a shall_v be_v leave_v to_o be_v manage_v and_o carry_v on_o by_o particular_a person_n according_a as_o every_o one_o shall_v think_v good_a to_o adventure_v without_o limitation_n or_o restriction_n as_o to_o the_o quantity_n quality_n and_o price_n in_o buy_v and_o sell_v of_o good_n to_o be_v send_v out_o or_o return_v home_o yet_o that_o there_o shall_v be_v a_o company_n by_o law_n establish_v and_o empower_v to_o raise_v imposition_n on_o the_o trade_n for_o the_o uphold_v and_o maintain_v all_o the_o place_n of_o strength_n factory_n and_o privilege_n that_o be_v now_o enjoy_v for_o the_o mutual_a and_o equal_a benefit_n and_o advantage_n of_o all_o the_o english_a that_o shall_v trade_n thither_o and_o for_o the_o same_o intent_n to_o entertain_v negotiation_n keep_v intercourse_n and_o make_v treaty_n with_o the_o king_n and_o governor_n in_o those_o part_n as_o formerly_z and_o also_o that_o out_o of_o such_o imposition_n so_o to_o be_v raise_v a_o proportion_n shall_v be_v set_v out_o which_o i_o conceive_v can_v be_v less_o than_o ten_o thousand_o pound_n per_fw-la annum_fw-la to_o be_v divide_v from_o time_n to_o time_n among_o the_o present_a adventurer_n for_o the_o use_n and_o loan_n of_o the_o say_a place_n factory_n and_o privilege_n and_o that_o all_o the_o rest_n of_o the_o money_n raise_v by_o the_o say_a imposition_n be_v employ_v for_o support_v of_o the_o charge_n of_o the_o government_n and_o defray_v the_o grow_a charge_n of_o maintain_v the_o say_a place_n of_o strength_n factory_n and_o privilege_n and_o of_o all_o public_a negotiation_n and_o treaty_n with_o the_o king_n of_o those_o country_n as_o aforesaid_a whereof_o the_o say_a company_n shall_v be_v oblige_v to_o keep_v a_o due_a account_n and_o also_o that_o the_o say_a company_n shall_v be_v further_o authorise_v and_o impower_v to_o make_v and_o establish_v from_o time_n to_o time_n such_o general_a rule_n and_o order_n for_o the_o regulation_n of_o the_o trade_n as_o shall_v be_v find_v convenient_a and_o necessary_a for_o the_o interest_n of_o the_o kingdom_n unto_o which_o all_o person_n trade_n into_o those_o part_n shall_v be_v oblige_v to_o conform_v all_o which_o be_v agreeable_a to_o the_o instance_n propose_v of_o the_o turky-company_n now_o let_v it_o be_v consider_v how_o uncertain_a and_o insufficient_a such_o a_o method_n will_v be_v for_o the_o secure_v the_o trade_n to_o the_o english-nation_n in_o comparison_n of_o that_o which_o be_v at_o present_a in_o a_o company_n and_o in_o a_o joint-stock_n for_o now_o there_o be_v a_o stock_n or_o fond_a of_o at_o least_o a_o million_o of_o pound_n sterling_a always_o engage_v and_o in_o the_o power_n of_o the_o governor_n deputy_n and_o committee_n to_o make_v use_v off_o for_o the_o necessary_a defence_n of_o the_o trade_n but_o when_o this_o stock_n be_v divide_v and_o there_o remain_v nothing_o to_o answer_v the_o charge_n but_o the_o imposition_n daily_o raise_v on_o the_o trade_n it_o will_v not_o only_o be_v difficult_a to_o know_v what_o proportion_n to_o lay_v but_o also_o it_o will_v be_v uncertain_a what_o ever_o sum_n be_v set_v by_o way_n of_o imposition_n to_o know_v whether_o it_o will_v be_v sufficient_a to_o answer_v the_o charge_n for_o it_o depend_v arbitrary_o on_o the_o pleasure_n of_o particular_a person_n whether_o they_o will_v trade_v or_o no_o and_o for_o what_o value_n the_o money_n arise_v by_o such_o imposition_n must_v be_v less_o or_o more_o according_a as_o the_o trade_n be_v there_o will_v be_v a_o certain_a and_o constant_a charge_n beside_o intervening_a occasion_n that_o may_v increase_v it_o and_o a_o uncertain_a and_o inconstant_a revenue_n to_o answer_v it_o and_o it_o will_v undoubted_o fall_v out_o that_o when_o the_o charge_n be_v great_a the_o receipt_n will_v be_v least_o if_o a_o time_n of_o war_n shall_v happen_v and_o such_o a_o time_n we_o may_v fear_v will_v 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interest_n but_o hazard_v the_o spoil_n of_o their_o good_n in_o those_o hot_a country_n when_o all_o or_o most_o of_o the_o particular_a trader_n shall_v on_o this_o account_n find_v a_o loss_n by_o their_o english_a good_n what_o probability_n be_v there_o that_o they_o shall_v continue_v to_o send_v any_o and_o so_o that_o the_o exportation_n of_o our_o english_a manufacture_n shall_v increase_v the_o company_n in_o the_o joint-stock_n have_v manage_v their_o affair_n with_o such_o prudence_n and_o with_o so_o great_a regard_n to_o the_o kingdom_n interest_n that_o from_o 100_o to_o 400_o clothes_n at_o most_o which_o be_v send_v in_o former_a time_n they_o now_o send_v annual_o 4000_o whole_a broad_a clothes_n and_o upward_o and_o be_v still_o endeavour_v to_o enlarge_v the_o vend_n as_o much_o as_o possible_a the_o way_n to_o attain_v which_o be_v not_o by_o such_o mean_n to_o raise_v the_o price_n in_o england_n on_o englishman_n transporter_n nor_o by_o such_o a_o cheap_a sell_v 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