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A53052 The naked truth, in an essay upon trade with some proposals for bringing the ballance on our side : humbly offered to the Parliament. Blanch, John, b. 1649 or 50.; England and Wales. Parliament. 1696 (1696) Wing N86; ESTC R10621 14,454 21

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is the Statute made the first Year of Philip and Mary cap 2. Whosoever shall wear Silk in or upon his Hat Bonet Scabbord Hose Shooes or Spur-leather shall be three Months Imprisoned and pay 10 l. except Mayors Aldermen c. If any Person knowing his Servant to offend doth not put him forth of his Service within fourteen Days or do retain him again he shall forfeit 100 l. This Statute was kept on foot the whole Reign of Queen Elizabeth and Repeal'd in express Words the first Year of King James I. I shall only add in this Matter that I think our Indian Silks and Muslins which are fully Manufactured abroad do our Nation the greatest mischief at present and a stop of the consumption of these will ease us of our Scottish Fears This I must confess was a sharp Statute against our Straits Trade but the more we consume of our own Commodities the better price we shall get for those we sell and the more the Linnens of Flanders and Germany are consumed in England the better able will they be to give us a good price and in point of Policy more to be incouraged at this time than Turks and Indians But a Silk-Weaver is not out of his way when turned to Worsted Druggets Norwich-Stuffs c. What I further propose is an effectual stop to Ingrossing of Commodities and the preserving the Sale of Goods in the publick Market which will bring in a good Stock into the advantage of the publick and none so fit to make Merchants to Export our Woollen Manufactures as those Persons that understand them hereby our Cloth-factors may be capable to pay that Debt which they owe to the publick Should we New-Coin our Mony to its full Weight and not remove this Temptation of Exporting it it will be but a Compliment to us and soon make its Exit A multitude of Paper hath been spent upon the subject of our Coin most of which I take to be no other than the Cry of a Lapwing when his Nests is like to be disturbed and the great alteration of Exchanges the same with the Scholar that endeavoured in his Declamation to possess his Auditors with the Belief of a dimness that had befallen the World by the unhappy Accident of an Ass that drank up the Moon If we are honest and keep our Mony at home as Law requires it is the same thing whether an Ounce of Silver is order'd to go for 5 s. or 5 s. 6 d. if it answer the end that it was designed for in the accommodation of Trade that in one Commodity that I have an overplus I shall receive another that my need requires and good care hath been successively taken that no Foreign Merchant should sell any Foreign Commodities but he should lay out his Mony in England for we are able to furnish Commodities for any Commodity that our Occasions require and let Foreign Bullion take its own course whilst the Government of the Mint is in the King's Hand And in this Counter-Scuffle about our Coin to my Apprehension there appear'd a Jackdaw amongst the Rooks in his artificial distinction of the Extrinsic Intrinsic and Real Value of our Coin adherent to the Species when a Dog won't eat it and I always thought that the real Value was in the Commodities exchange one for the other and but virtually in the Mony But I proceed to my Design in Hand the Incouragement of our Trade by such good Laws that were recommended by His Majesty's most Gracious Speech which will give Incouragement to all our Subjects in general to fall in to the Exportation of our Native Commodities which can alone relieve us And this can be done but by these two ways First by Incorporating those Places that are most proper for our Old and New Drapery and then making those Companies so Extensive each Person Trading with his own Stock that it may be secure from Monopoly In the next place by Repealing the Statute of the 25 Car. II. that destroy'd Aliens Duties which in the first Year of Queen Eliz. were call'd the ancient Revenues of the Crown And nothing hath conduced so much to our present Calamity as the colouring Foreigners Goods our Nation hath hereby been surprized and our Interest supplanted and Poverty is always the Daughter of Perjury and this hath been the Ruin of our Seamen which hath been twice recommended by His Majesty's Speech By this Statute of Elizabeth all English Merchants were obliged to Ship their Goods upon English Ships or pay Aliens Duties instead of ten Groats for a Cloth to pay a Noble And it is a vain thing to expect that a German Merchant shall send for an English Ship to Bremen to carry his Linnens for England Or that he should order his Factor here to send his Cloth in any other than upon his own bottom when he is likely to be concerned in the Shipping The Merchandize and Freight will be one good step towards the bringing the ballance upon our side The loss of the Manufacture of so great a part of our Wool which is Exported and the Exportation of so great a quantity of our Woollen Manufacture not fully Manufactured is at present a very impoverishing consequence to us we lose cent per cent in the first and twenty per cent in the latter Application hath been made by the Clothiers in the first of these and by the Diers in the latter But it hath not hitherto been worth our Notice and the present Bill to prevent the Exportation of Wool as it is Drawn is certainly an incouragement to Exportation The turning of Felony into a Premunire is in this case the same thing it being the same benefit to the Informer and the keeping of the Statute a foot of the first of King William and Queen Mary is giving an allowance to Export 3300 Todd of Wool to the Island of Jersie and Gernsie more than was allowed by the Statute of the 12 Car. II. and under the shelter of 6600 there may be 60000 and Southampton is the only place in England to wound us in this Particular It commands the best Wool in England in its kind in a place that is remote from our chiefest places of its Manufacture and how easie is it for French Lute-Strings Alamodes c. to be Imported upon us in the same Channel In the 27 Year of the Reign of Edward III. it was made Felony to English Men to Export Wool upon the pain of Life and Member and of forfeiture of the said Merchandize and of all their Goods and Chattels and of forfeiture of all their Lands and Tenements to the chief Lords and the chief Lords shall have a writ of Escheat in the case They then found this Felony to be a snare in the matter and in the 38 of the same Reign they repeal'd the Felony and continued the other forfeiture and why we may not at this time Colect a moderate Duty out of all our Woollen