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legislature¡£¡¡The¡¡Member¡¡of¡¡Parliament¡¡who¡¡supports¡¡every¡¡proposal
for¡¡strengthening¡¡this¡¡monopoly¡¡is¡¡sure¡¡to¡¡acquire¡¡not¡¡only¡¡the
reputation¡¡of¡¡understanding¡¡trade£»¡¡but¡¡great¡¡popularity¡¡and
influence¡¡with¡¡an¡¡order¡¡of¡¡men¡¡whose¡¡numbers¡¡and¡¡wealth¡¡render
them¡¡of¡¡great¡¡importance¡£¡¡If¡¡he¡¡opposes¡¡them£»¡¡on¡¡the¡¡contrary£»
and¡¡still¡¡more¡¡if¡¡he¡¡has¡¡authority¡¡enough¡¡to¡¡be¡¡able¡¡to¡¡thwart
them£»¡¡neither¡¡the¡¡most¡¡acknowledged¡¡probity£»¡¡nor¡¡the¡¡highest
rank£»¡¡nor¡¡the¡¡greatest¡¡public¡¡services¡¡can¡¡protect¡¡him¡¡from¡¡the
most¡¡infamous¡¡abuse¡¡and¡¡detraction£»¡¡from¡¡personal¡¡insults£»¡¡nor
sometimes¡¡from¡¡real¡¡danger£»¡¡arising¡¡from¡¡the¡¡insolent¡¡outrage¡¡of
furious¡¡and¡¡disappointed¡¡monopolists¡£
¡¡¡¡¡¡¡¡¡¡The¡¡undertaker¡¡of¡¡a¡¡great¡¡manufacture£»¡¡who£»¡¡by¡¡the¡¡home
markets¡¡being¡¡suddenly¡¡laid¡¡open¡¡to¡¡the¡¡competition¡¡of
foreigners£»¡¡should¡¡be¡¡obliged¡¡to¡¡abandon¡¡his¡¡trade£»¡¡would¡¡no
doubt¡¡suffer¡¡very¡¡considerably¡£¡¡That¡¡part¡¡of¡¡his¡¡capital¡¡which
had¡¡usually¡¡been¡¡employed¡¡in¡¡purchasing¡¡materials¡¡and¡¡in¡¡paying
his¡¡workmen¡¡might£»¡¡without¡¡much¡¡difficulty£»¡¡perhaps£»¡¡find¡¡another
employment¡£¡¡But¡¡that¡¡part¡¡of¡¡it¡¡which¡¡was¡¡fixed¡¡in¡¡workhouses£»
and¡¡in¡¡the¡¡instruments¡¡of¡¡trade£»¡¡could¡¡scarce¡¡be¡¡disposed¡¡of
without¡¡considerable¡¡loss¡£¡¡The¡¡equitable¡¡regard£»¡¡therefore£»¡¡to
his¡¡interest¡¡requires¡¡that¡¡changes¡¡of¡¡this¡¡kind¡¡should¡¡never¡¡be
introduced¡¡suddenly£»¡¡but¡¡slowly£»¡¡gradually£»¡¡and¡¡after¡¡a¡¡very¡¡long
warning¡£¡¡The¡¡legislature£»¡¡were¡¡it¡¡possible¡¡that¡¡its¡¡deliberations
could¡¡be¡¡always¡¡directed£»¡¡not¡¡by¡¡the¡¡clamorous¡¡importunity¡¡of
partial¡¡interests£»¡¡but¡¡by¡¡an¡¡extensive¡¡view¡¡of¡¡the¡¡general¡¡good£»
ought¡¡upon¡¡this¡¡very¡¡account£»¡¡perhaps£»¡¡to¡¡be¡¡particularly¡¡careful
neither¡¡to¡¡establish¡¡any¡¡new¡¡monopolies¡¡of¡¡this¡¡kind£»¡¡nor¡¡to
extend¡¡further¡¡those¡¡which¡¡are¡¡already¡¡established¡£¡¡Every¡¡such
regulation¡¡introduces¡¡some¡¡degree¡¡of¡¡real¡¡disorder¡¡into¡¡the
constitution¡¡of¡¡the¡¡state£»¡¡which¡¡it¡¡will¡¡be¡¡difficult¡¡afterwards
to¡¡cure¡¡without¡¡occasioning¡¡another¡¡disorder¡£
¡¡¡¡¡¡¡¡¡¡How¡¡far¡¡it¡¡may¡¡be¡¡proper¡¡to¡¡impose¡¡taxes¡¡upon¡¡the
importation¡¡of¡¡foreign¡¡goods£»¡¡in¡¡order¡¡not¡¡to¡¡prevent¡¡their
importation¡¡but¡¡to¡¡raise¡¡a¡¡revenue¡¡for¡¡government£»¡¡I¡¡shall
consider¡¡hereafter¡¡when¡¡I¡¡come¡¡to¡¡treat¡¡of¡¡taxes¡£¡¡Taxes¡¡imposed
with¡¡a¡¡view¡¡to¡¡prevent£»¡¡or¡¡even¡¡to¡¡diminish¡¡importation£»¡¡are
evidently¡¡as¡¡destructive¡¡of¡¡the¡¡revenue¡¡of¡¡the¡¡customs¡¡as¡¡of¡¡the
freedom¡¡of¡¡trade¡£
¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡CHAPTER¡¡III
Of¡¡the¡¡extraordinary¡¡Restraints¡¡upon¡¡the¡¡Importation¡¡of¡¡Goods¡¡of
almost¡¡all¡¡kinds¡¡from¡¡those¡¡Countries¡¡with¡¡which¡¡the¡¡Balance¡¡is
supposed¡¡to¡¡be¡¡disadvantageous¡¡
¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡PART¡¡I
Of¡¡the¡¡Unreasonableness¡¡of¡¡those¡¡Restraints¡¡even¡¡upon¡¡the
Principles¡¡of¡¡the¡¡Commercial¡¡System¡¡
¡¡¡¡¡¡¡¡¡¡TO¡¡lay¡¡extraordinary¡¡restraints¡¡upon¡¡the¡¡those¡¡particular
countries¡¡with¡¡which¡¡the¡¡importation¡¡of¡¡goods¡¡of¡¡almost¡¡all¡¡kinds
from¡¡balance¡¡of¡¡trade¡¡is¡¡supposed¡¡to¡¡be¡¡disadvantageous£»¡¡is¡¡the
second¡¡expedient¡¡by¡¡which¡¡the¡¡commercial¡¡system¡¡proposes¡¡to
increase¡¡the¡¡quantity¡¡of¡¡gold¡¡and¡¡silver¡£¡¡Thus¡¡in¡¡Great¡¡Britain£»
Silesia¡¡lawns¡¡may¡¡be¡¡imported¡¡for¡¡home¡¡consumption¡¡upon¡¡paying
certain¡¡duties¡£¡¡But¡¡French¡¡cambrics¡¡and¡¡lawns¡¡are¡¡prohibited¡¡to
be¡¡imported£»¡¡except¡¡into¡¡the¡¡port¡¡of¡¡London£»¡¡there¡¡to¡¡be
warehoused¡¡for¡¡exportation¡£¡¡Higher¡¡duties¡¡are¡¡imposed¡¡upon¡¡the
wines¡¡of¡¡France¡¡than¡¡upon¡¡those¡¡of¡¡Portugal£»¡¡or¡¡indeed¡¡of¡¡any
other¡¡country¡£¡¡By¡¡what¡¡is¡¡called¡¡the¡¡impost¡¡1692£»¡¡a¡¡duty¡¡of
five¡and¡twenty¡¡per¡¡cent¡¡of¡¡the¡¡rate¡¡or¡¡value¡¡was¡¡laid¡¡upon¡¡all
French¡¡goods£»¡¡while¡¡the¡¡goods¡¡of¡¡other¡¡nations¡¡were£»¡¡the¡¡greater
part¡¡of¡¡them£»¡¡subjected¡¡to¡¡much¡¡lighter¡¡duties£»¡¡seldom¡¡exceeding
five¡¡per¡¡cent¡£¡¡The¡¡wine£»¡¡brandy£»¡¡salt¡¡and¡¡vinegar¡¡of¡¡France¡¡were
indeed¡¡excepted£»¡¡these¡¡commodities¡¡being¡¡subjected¡¡to¡¡other¡¡heavy
duties£»¡¡either¡¡by¡¡other¡¡laws£»¡¡or¡¡by¡¡particular¡¡clauses¡¡of¡¡the
same¡¡law¡£¡¡In¡¡1696£»¡¡a¡¡second¡¡duty¡¡of¡¡twenty¡five¡¡per¡¡cent£»¡¡the
first¡¡not¡¡having¡¡been¡¡thought¡¡a¡¡sufficient¡¡discouragement£»¡¡was
imposed¡¡upon¡¡all¡¡French¡¡goods£»¡¡except¡¡brandy£»¡¡together¡¡with¡¡a¡¡new
duty¡¡of¡¡five¡and¡twenty¡¡pounds¡¡upon¡¡the¡¡ton¡¡of¡¡French¡¡wine£»¡¡and
another¡¡of¡¡fifteen¡¡pounds¡¡upon¡¡the¡¡ton¡¡of¡¡French¡¡vinegar¡£¡¡French
goods¡¡have¡¡never¡¡been¡¡omitted¡¡in¡¡any¡¡of¡¡those¡¡general¡¡subsidies£»
or¡¡duties¡¡of¡¡five¡¡per¡¡cent£»¡¡which¡¡have¡¡been¡¡imposed¡¡upon¡¡all£»¡¡or
the¡¡greater¡¡part¡¡of¡¡the¡¡goods¡¡enumerated¡¡in¡¡the¡¡book¡¡of¡¡rates¡£¡¡If
we¡¡count¡¡the¡¡one¡third¡¡and¡¡two¡third¡¡subsidies¡¡as¡¡making¡¡a
complete¡¡subsidy¡¡between¡¡them£»¡¡there¡¡have¡¡been¡¡five¡¡of¡¡these
general¡¡subsidies£»¡¡so¡¡that¡¡before¡¡the¡¡commencement¡¡of¡¡the¡¡present
war¡¡seventy¡five¡¡per¡¡cent¡¡may¡¡be¡¡considered¡¡as¡¡the¡¡lowest¡¡duty¡¡to
which¡¡the¡¡greater¡¡part¡¡of¡¡the¡¡goods¡¡of¡¡the¡¡growth£»¡¡produce£»¡¡or
manufacture¡¡of¡¡France¡¡were¡¡liable¡£¡¡But¡¡upon¡¡the¡¡greater¡¡part¡¡of
goods£»¡¡those¡¡duties¡¡are¡¡equivalent¡¡to¡¡a¡¡prohibition¡£¡¡The¡¡French
in¡¡their¡¡turn¡¡have£»¡¡I¡¡believe£»¡¡treated¡¡our¡¡goods¡¡and¡¡manufactures
just¡¡as¡¡hardly£»¡¡though¡¡I¡¡am¡¡not¡¡so¡¡well¡¡acquainted¡¡with¡¡the
particular¡¡hardships¡¡which¡¡they¡¡have¡¡imposed¡¡upon¡¡them¡£¡¡Those
mutual¡¡restraints¡¡have¡¡put¡¡an¡¡end¡¡to¡¡almost¡¡all¡¡fair¡¡commerce
between¡¡the¡¡two¡¡nations£»¡¡and¡¡smugglers¡¡are¡¡now¡¡the¡¡principal
importers£»¡¡either¡¡of¡¡British¡¡goods¡¡into¡¡France£»¡¡or¡¡of¡¡French
goods¡¡into¡¡Great¡¡Britain¡£¡¡The¡¡principles¡¡which¡¡I¡¡have¡¡been
examining¡¡in¡¡the¡¡foregoing¡¡chapter¡¡took¡¡their¡¡origin¡¡from¡¡private
interest¡¡and¡¡the¡¡spirit¡¡of¡¡monopoly£»¡¡those¡¡which¡¡I¡¡am¡¡going¡¡to
examine¡¡in¡¡this£»¡¡from¡¡national¡¡prejudice¡¡and¡¡animosity¡£¡¡They¡¡are£»
accordingly£»¡¡as¡¡might¡¡well¡¡be¡¡expected£»¡¡still¡¡more¡¡unreasonable¡£
They¡¡are¡¡so£»¡¡even¡¡upon¡¡the¡¡principles¡¡of¡¡the¡¡commercial¡¡system¡£
¡¡¡¡¡¡¡¡¡¡First£»¡¡though¡¡it¡¡were¡¡certain¡¡that¡¡in¡¡the¡¡case¡¡of¡¡a¡¡free
trade¡¡between¡¡France¡¡and¡¡England£»¡¡for¡¡example£»¡¡the¡¡balance¡¡would
be¡¡in¡¡favour¡¡of¡¡France£»¡¡it¡¡would¡¡by¡¡no¡¡means¡¡follow¡¡that¡¡such¡¡a
trade¡¡would¡¡be¡¡disadvantageous¡¡to¡¡England£»¡¡or¡¡that¡¡the¡¡general
balance¡¡of¡¡its¡¡whole¡¡trade¡¡would¡¡thereby¡¡be¡¡turned¡¡more¡¡against
it¡£¡¡If¡¡the¡¡wines¡¡of¡¡France¡¡are¡¡better¡¡and¡¡cheaper¡¡than¡¡those¡¡of
Portugal£»¡¡or¡¡its¡¡linens¡¡than¡¡those¡¡of¡¡Germany£»¡¡it¡¡would¡¡be¡¡more
advantageous¡¡for¡¡Great¡¡Britain¡¡to¡¡purchase¡¡both¡¡the¡¡wine¡¡and¡¡the
foreign¡¡linen¡¡which¡¡it¡¡had¡¡occasion¡¡for¡¡of¡¡France¡¡than¡¡of
Portugal¡¡and¡¡Germany¡£¡¡Though¡¡the¡¡value¡¡of¡¡the¡¡annual¡¡importations
from¡¡France¡¡would¡¡thereby¡¡be¡¡greatly¡¡augmented£»¡¡the¡¡value¡¡of¡¡the
whole¡¡annual¡¡importations¡¡would¡¡be¡¡diminished£»¡¡in¡¡proportion¡¡as
the¡¡French¡¡goods¡¡of¡¡the¡¡same¡¡quality¡¡were¡¡cheaper¡¡than¡¡those¡¡of
the¡¡other¡¡two¡¡countries¡£¡¡This¡¡would¡¡be¡¡the¡¡case£»¡¡even¡¡upon¡¡the
supposition¡¡that¡¡the¡¡whole¡¡French¡¡goods¡¡imported¡¡were¡¡to¡¡be
consumed¡¡in¡¡Great¡¡Britain¡£
¡¡¡¡¡¡¡¡¡¡But£»¡¡secondly£»¡¡a¡¡great¡¡part¡¡of¡¡them¡¡might¡¡be¡¡re¡exported¡¡to
other¡¡countries£»¡¡where£»¡¡being¡¡sold¡¡with¡¡profit£»¡¡they¡¡might¡¡bring
back¡¡a¡¡return¡¡equal¡¡in¡¡value£»¡¡perhaps£»¡¡to¡¡the¡¡prime¡¡cost¡¡of¡¡the
whole¡¡French¡¡goods¡¡imported¡£¡¡What¡¡has¡¡frequently¡¡been¡¡said¡¡of¡¡the
East¡¡India¡¡trade¡¡might¡¡possibly¡¡be¡¡true¡¡of¡¡the¡¡French£»¡¡that
though¡¡the¡¡greater¡¡part¡¡of¡¡East¡¡India¡¡goods¡¡were¡¡bought¡¡with¡¡gold
and¡¡silver£»¡¡the¡¡re¡exportation¡¡of¡¡a¡¡part¡¡of¡¡them¡¡to¡¡other
countries¡¡brought¡¡back¡¡more¡¡gold¡¡and¡¡silver¡¡to¡¡that¡¡which¡¡carried
on¡¡the¡¡trade¡¡than¡¡the¡¡prime¡¡cost¡¡of¡¡the¡¡whole¡¡amounted¡¡to¡£¡¡One¡¡of
the¡¡most¡¡important¡¡branches¡¡of¡¡the¡¡Dutch¡¡trade£»¡¡at¡¡present£»
consists¡¡in¡¡the¡¡carriage¡¡of¡¡French¡¡goods¡¡to¡¡other¡¡European
countries¡£¡¡Some¡¡part¡¡even¡¡of¡¡the¡¡French¡¡wine¡¡drank¡¡in¡¡Great
Britain¡¡is¡¡clandestinely¡¡imported¡¡from¡¡Holland¡¡and¡¡Zeeland¡£¡¡If
there¡¡was¡¡either¡¡a¡¡free¡¡trade¡¡between¡¡France¡¡and¡¡England£»¡¡or¡¡if
French¡¡goods¡¡could¡¡be¡¡imported¡¡upon¡¡paying¡¡only¡¡the¡¡same¡¡duties
as¡¡those¡¡of¡¡other¡¡European¡¡nations£»¡¡to¡¡be¡¡drawn¡¡back¡¡upon
exportation£»¡¡England¡¡might¡¡have¡¡some¡¡share¡¡of¡¡a¡¡trade¡¡which¡¡is
found¡¡so¡¡advantageous¡¡to¡¡Holland¡£
¡¡¡¡¡¡¡¡¡¡Thirdly£»¡¡and¡¡lastly£»¡¡there¡¡is¡¡no¡¡certain¡¡criterion¡¡by¡¡which
we¡¡can¡¡determine¡¡on¡¡which¡¡side¡¡what¡¡is¡¡called¡¡the¡¡balance¡¡between
any¡¡two¡¡countries¡¡lies£»¡¡or¡¡which¡¡of¡¡them¡¡exports¡¡to¡¡the¡¡greatest
value¡£¡¡National¡¡prejudice¡¡and¡¡animosity£»¡¡prompted¡¡always¡¡by¡¡the
private¡¡interest¡¡of¡¡particular¡¡traders£»¡¡are¡¡the¡¡principles¡¡which
generally¡¡direct¡¡our¡¡judgment¡¡upon¡¡all¡¡questions¡¡concerning¡¡it¡£
There¡¡are¡¡two¡¡criterions£»¡¡however£»¡¡which¡¡have¡¡frequently¡¡been
appealed¡¡to¡¡upon¡¡such¡¡occasions£»¡¡the¡¡customhouse¡¡books¡¡and¡¡the
course¡¡of¡¡ex