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and Reformation of Trade。 In the former may be considered; the

Causes and Effects thereof。 In the Causes; the matter of forme of

Trade。 The master of Trade; is either Naturall or Artificial。 The

Natural matter of Commerce is Merchandize: which Merchants from

the end of Trade have stiled Commodities。 The Artificial matter

of Commerce is Money; which hath obtained the title sinews of

warre and of State。

    Old Jacob blessing his Grandchildren; crost his hands; and

laide his right hand on the yonger; and his left hand on the

elder: And Money; though it be in nature and time after

Merchandize; yet forasmuch as it is now in use become the chiefe;

I will take leave of Method; to handle it in the first place。

    First therefore for the want of Money in this Kingdome; many

reasons may bee assign'd。 Whereof some are Immediate; some

mediate or remote。 The Immediate reasons of the want of money;

are either such as hinder the Importation; of such as cause the

exportation thereof。 And both therse are occasioned by the

under…valueation of his Majesties Caoine; to that of our

Neighbour Countries。 For who wil procure licence in Spaine to

bring Realles into England; to sell them here at ten in the

hundred gaine; which is lesse then the Exchange from thence will

yeeld; when hee may have for the same five and twenty in the

hundred in Holland? Here five Reals of eight; which make twenty

shillings sterling; will commonly yeeld two and twenty shillings

or thereabouts: and the same in Holland will yeeld forty two

shillings & sixe pence Flemish; which is five and twenty

shillings sterling。 And how can we choose but want money in

England; when the Jacobus pieces; are Currant at so high a rate

in Holland? For there they goe at twelve guilders eight stivers

the piece; which is one and fortie shillings and four pence

Flemish; which is four and twentie shillings & nine pence

sterling。 And after this rate His Majesties other Coines of gold

& silver are there of respective value。 For although by the

Placcaets or Proclamations of those parts; the Jacobus pieces;

and other species of gold and silver; are there set at

indifferent rates answerable to their valuation here with us

respectively; which they there call permissie gelt; Proclamation

money: yet they have other devices to raise money; and draw it

away at their pleasures。 As either by their Banckes; when the

Banckiers will for their occasions give a greater price for mony

then the Proclamation suffereth; & then it is called Banck gelt:

or else by slacke paymasters; that for their owne advantage in

the raising of money; will pretend not to make present payment of

their debts; unlesse you take their money at a higher rate; then

either the Proclamation; or the Banck money。 Which being paid and

received; produceth a third kinde; which they call Currant gelt。

And so by the Connivence of the Magistrate; the same goeth from

man to man; and at last becommeth currant at an excessive value。

So they have Permission or Proclamation Money; and Banck Money;

and Currant Money; and all to draw dry the Currant of His

Majesties Coine。

    And thus the Hepatitis of this great Body of our being

opened; & such profusion of the life blood let out; and the liver

or fountaine obstructed; and weakened; which should succour the

same; needes must this great Body languish; and at length fall

into a Marasmum。

    I am not ignorant that there hath beene great abuse in the

culling of His Majesties Coyne; here at home; and in melting the

heavy money into plate: And that there is a great superfluitie of

Plate generally in private mens hands more then is necessary; and

farre beyond any example of former times; which must needes also

cause scarcitie of money: yet on the other side I cannot deny;

but that it is better to have the same in Plate; as a treasure of

the Kingdome; then turned into Coine; & so turned out of the

Kingdome; by the under…value thereof。

    Now the Mediat or remote reasons of the want of money in

England; are either Domestique or Forreine。 The Domestique are

generall; or special。 The general remote cause of our want of

money; is the great excesse of this Kingdom; in consuming the

Commodities of Forreine Countries; which prove to us

discommodities; in hindering us of so much treasure; which

otherwise would bee brought in; in lieu of those toyes。 For now a

dayes most men live above their callings; and promiscously step

forth Vice versa; into one anothers Rankes。 The Countrey mans Eie

is upon the Citizen: the Citizen upon the Gentleman: the

Gentleman upon the Nobleman。 And by this meanes wee draw unto us;

and consume amongst us; that great abundance of the Wines of

Spaine; of France; of the Rhene; of the Levant; the Lawnes and

Cambricks of Hannault and the Netherlands; the Silkes of Italie;

the Sugars & Tobaco of the West Indies; the Spices of the East

Indies: All which are of no necessitie unto us; & yet are bought

with ready mony; which otherwise would be brought over in

treasure if these were not。 A Common…wealth is like unto a

family; the father or master whereof ought to sell more then he

buyeth according to old Catoe's counsell; Patrem familias

vendacem non emacem esse oportet。 Otherwise his expence being

greater then his revenue; he must needs come behinde hand。 Even

so a Common…wealth that excessively spendeth the forreine

Commodities deere; and unttereth the native fewer and cheape;

shal enrich other Common…wealths; but beggar it selfe。 Where on

the contrary; if it vented fewer of the forreine; and more of the

Native; the residue must needs returne in treasure。

    The speciall remote cause of our want of money; is the great

want of our East…India stocke here at home。 Which is a matter of

very great consequence; and causeth the body of this

Common…wealth to be wounded sore; through the sides of many

particular members thereof。 For the stocke of the East India

Company being of great value; and collected and contracted from

all the other particular Trades of the Common…wealth; and a great

part thereof having beene Embargued and detained now for more

then five yeeres last past; and that not by a profest Enemie;

against whom we might have been warn'd and arm'd; but by a

friend; a neighbour; a next neighbour; one obliged to our King

and Nation more then to all the Kings on earth: this losse I say;

is not onley thus unkind; but is the more intollerable; in that

the Common…wealth hath lost the use and employment of the Stocke

it selfe; and all the encrease of Trade which the same might have

produced; in the severall Trades of the Subjects; whereby

abundance of treasure might have beene brought into this land in

all this time。

    It is said of Belisarius that Great and famous Commander of

the Romanes; that even Rome it selfe owed to him twice her life:

and yet at last was so unkinde to Belisarius as to put out both

his eyes; and exposed him to beg in a little Cotage built without

the gates; where hee often repeated this sentence to those that

passed by; Date obolum Belisario; quem inuidia; non culp

caecauit。 And certainely our Nation may challenge as much or more

of these unkinde friends; the Belisarius ever did or could of

Rome: and they shew themselves no lesse unkinde; to deprive us of

the light and life of this Trade of ours; and suffer this Nation

to use so muc importunitie for their owne。

    Homer reports of Patroclus; that he would needs put on

Achilles armour; and ride on Achilles horse; but Achilles speare

hee durst not touch; and thereby was knowne to Hector; with whom

he fought; not to be Achilles; and so lost his life。 These

friends of ours have sometimes put on; sometimes put off; I had

almost said; put out the Kings colours: They have sayled in His

subjects shippes; but that Histam fidei they have not used; or

abused rather; whereby they have beene discovered to the Indians;

not to be the subjects of the faith's Defender; as sometimes they

would have faigned; though to an evill purpose。

    The Romanes were wont to weepe; at the sight of Caesars blood


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