A Discourse concerning the
East-India Trade; shewing it to be Ʋnprofitable to the
Kingdom of
England, being taken out of an
Essay on
Trade.
East-Indies.THE
East-India Trade, for many Reasons I take to be mischievours to the Kingdom. To clear this we are to consider how a Trade may be advantagious or detrimental to a Nation, and then to draw Inferences. I shall therefore lay down such general Notions as may without dispute be allowed by all unbyassed Persons, which are these.
- 1. That that Trade is advantagious to the Kingdom of
England which Exports our Product and Manufactures.
- 2. Which Imports to us such Commodities as may be manufactured here, or to be used in making our Manufactures.
- 3. Which supplies us with such things, without which we cannot carry on our Foreign Trade.
- 4. Which encourages our Navigation, and increases our Seamen.
And consequently that Trade which exports little or none of our Product or Manufactures, nor supplies us with things necessary to promote Manufactures at home, or carry on our Trade abroad, nor encourages Navigation, cannot be supposed to be advantagious to this Kingdom; especially when its Imports hinder the consumption of our own Manufactures, and more especially when those Imports are chiefly the purchase of our
Bullion or
Treasure.
And because I would be rightly understood in my third Proposition, I mean those Commodities without which we are not able to fit out our Ships for a foreign Trade, such as are
Pitch, Tar, Hemp, Sail-Cloth, Masts, Timber, and such like. These are so absolutely necessary, that we must have them, though purchased for
Bullion, as being the chief Hinges whereon Trade turns, and the Tools by which we Mechanically navigate our Ships, those Bulky
Mediums of Foreign
Trade: But for those things which are Imported, only in order to be Exported again as Commodities to Trade on, these cannot be so advantagious to this Kingdom as they may be to the
Dutch, who having little Land, are maintained rather by Buying and Selling than Manufacturing; whereas
England being a large spot of Ground, and having a great Product of its own, (besides what comes from our Plantations) capable to be wrought up or manufactured here, gets by the Imployment of its People, therefore it would be the great Wisdom of our Govenment to regulate all Foreign
Trades by such Methods as may best make them useful in the promoting our Manufactures.
How
England may be said to be enricht by Trade.
Here it will not be amiss to consider
again how and in what manner a Nation may be said to be enriched by
Trade, for there must be a difference made between a Nations growing Rich, and particular Mens doing so by it. And I humbly propose that it may be possible for private Men to be vastly improved in their Estates, and yet at the Years end the Wealth of the Nation not to be a whit greater than at the beginning, and this both in an
Inland and
Outland Trade; for whilst the thrifty Shop-keeper buys at one Price, and sells at another to the prodigal
Beaux, and the industrious Artificer vents his Labour to the idle Drone, and the politick Contriver out wits the unthinking Bully, one raises his Fortunes on the others decay; the same for our
Outland Trade, if we Export the true Riches of the Nation, for that which we consume on our Luxury, tho' private Men may get by each other, yet the Wealth of the Nation is not any way encreased: For suppose by one Hundred Butts of Wines the Importer gets Five Hundred Pounds, yet when drank among our selves, the Nation is not thereby Richer but Poorer, and so much poorer as those Wines cost at first; for if Imported by
English Men in
English Ships we lose but the first Purchase,
[Page 3]the rest being Freights, Customs, and Profits, are divided amongst our selves, but if they are brought in by Foreigners, the Nation loses all but the Customs; I take the true Profits of this Kingdom to consist in that which is produced from Earth, Sea, and Labour, and such are all our Growth and Manufactures.
To apply this now to the
East-India Trade, we will first consider what are its Exports and Imports, and then inquire
Cui Bono? Whether the Contest for this
Trade doth proceed from a design to serve the Nation, or from Principles of Self-Interest? Or whether the Members of that Company who strive so much about it, would if in other Circumstances still be of the same Mind? For Principles that are in themselves true are always so, we may change our Opinions, but they do not change their Certainty; I confess as the state of the Nation alters, so must our Measures in Trade, but then it must appear that the State of the Nation and not our private Interests makes us to alter them: Now when I find that it is not the true Interest of this Nation to advance the Product and Manufactures thereof, I shall change my Opinion.
First then to begin with their Exports; and here I need not say much, it's generally allowed by the Traders themselves that our Product and Manufactures are the least part thereof, consisting chiefly in Gold and Silver.
But it's alledged that in Returns they Import such Goods which being again Exported, do bring from Foreign parts much more Treasure in specie; which leads me secondly to consider what those Imports are, and what becomes of them; They chiefly are,
Saltpeter, Pepper, Callicoes, Druggs, Indigo, and
Silks both wrought and raw, many of which Commodities are very necessary as well for our Home Expence as to export again, others vastly prejudicial to us, as they hinder the consumption of our own Manufactures both Abroad and at Home, and this latter outweighs the former;
Callicoes and wrought Silks are the things I chiefly aim at, and hope to make it plainly appear that those two Commodities do us more prejudice in our Manufactures, than all the Advantage they bring either to private Purses, or to the Nation in general, and it were to be wisht the Wisdom of our Parliament would prohibit their being worn in
England; else like
[Page 4]the ill-favoured lean Kine they will destroy the use of our Manufactures, which might be fitted to answer all the ends they serve for; Nor is the lessening the wearing our own Manufactures at home all the Mischief
Callicoes have done us, their Importation having thrown out the wearing of
Silesia, and other
German Linnens hath been attended with as bad a Consequence from thence, where those Looms which were formerly imployed on weaving them, were thereon turned to the Woollen Manufactures, wherewith they not only furnish themselves but
Poland, which hath made those Countries very careful to increase and improve their breed of Sheep, whose Wool was generally brought hither before, and used in making Hats, but is now much of it wrought up there; for when we slighted their Manufactures they fell on ours; whereas if we had encouraged the Wearing their Linnen, they would have still depended on us for Woollen; This hath been a means to abate the Exportation of many thousand Pieces of Cloth, which would have brought more Advantage to the Nation than all the Trade we have driven to the
East-Indies, and will never be retrieved till we return again to the use of their Linnens.
He that considers how wonderfully Fashions prevail on this Nation may soon satisfie himself how things of little value come to be prized, and to justle out those of greater worth; Fashion is Fancy, which as it hath of late Years brought in a disuse of our native Commodities by Imitation, so if our Nobility and Gentry would turn their Fancies to them again, I doubt not it would have the same Effect, and if our Workmen could receive Encouragement, no question the Genius of this Kingdom would soon reach to such a pitch, as to answer all the Uses of both those Commodities, even with a Thread spun out of Sheeps Wool; It was scarce thought about twenty Years since that we should ever see
Callicoes, the Ornaments of our greatest Gallants (for such they are, whether we call them
Muslins, Shades, or any thing else) when they were then rarely used, save in Shrouds for the Dead, and that chiefly among the Poor, who could not go to the Price of finer Linnen, and yet were willing to imitate the Rich; but now few think themselves well drest till they are made up in
Calicoes, both Men and Women,
Calico Shirts, Neckcloths, Cuffs, Pocket-Handkerchiefs, for the
[Page 5]former,
Head-Dresses, Night-royls, Hoods, Sleeves, Aprons, Gowns, Petticoats, and what not; for the latter, besides
India-Stockings for both Sexes; and indeed it will be a hard matter to put them out of this Fancy, nothing but an
Act of Parliament, or humour of the
Court can do it, the latter is the most natural means, and would easier make way to introduce the former, for besides that 'twould bring with it the Prayers of the Poor for those who have cut them out new Imployments, it would likewise wonderfully tend to advance the Gentlemens Estates, first by expending their
Wool, and next by keeping the Poor at Work, who would consume more
Wheat and
Barly, Beef and
Mutton in their Houses, and yet they need not fear having Labourers enough in their Harvests, though perhaps at a little higher Rates, which would be abundantly made up by an Advance on the Product of their Lands, besides what would be saved in the Poor's Rates, and it hath been a constant Observation grounded on Reason, that this Nation never thrives more than when the Labour of the Poor is at such Prices as they may live comfortably by it.
We will next consider:
- 1. How far the Manufactures of this Kingdom have been already made to answer the uses of
Indian Silks and
Calicoes, and what did encourage it.
- 2. What farther Improvement may be made thereon, and the means to bring it about.
- 3. Why the People of
England are so much against their Native Manufactures as to be more in love with
Calicoes, and
Indian Silks.
1. As to the first, I will go no farther than the
Act for burying in Woolen; how averse were the People of
England to it at first; as if the Dead Could not rest easie in their Graves, if wrapt in our Native Commodities, or that it would trouble them
inter Hades that they had occasionally given Imployment to their poor surviving Country-men; no, the Fault was not there, Experience hath taught us that it's all one to them, and Time hath more reconciled us to that Statute, when we saw the good Effects it produced by putting our People on making so many pretty sort of Woolen Vestments, as ornamental to the Dead, as the other formerly were thought to be, and of such different Finenesses and Prices,
[Page 6]that Qualities are so easily distinguished by them; and since our dead Friends were to be drest in our native Wool, we thought it most seemly to imitate them by wearing the same at their Funerals, hence it came to pass that our Mourning Attire was made of White Crape, a Garb not only Decent and Profitable, But Honourable to the Nation, as it both shewed our esteem for our Woolen Manufactures, and also how soon those employed therein could turn their Hands to any sort of Work.
2. Let us consider what farther Improvements may be made on the Manufactures of this Kingdom to answer the Ends of
Indian Silks and Calicoes, and the means to bring them about; here let us see what Progresses have already been made, step after step by our Manufactures, to imitate, and in many things to exceed all they have seen from abroad, witness those noble rich Silks, wherein they have attained to so great a height; Our brave noble
Arras or
Tapestry of all Prices, not to be out done by those very Nations from whom we at first learned the Art; and this is allowed by all, that the English Workmen in great things out-do their Patterns; and no doubt they may soon turn their Hands to a slight Manufacture, which People do now chiefly desire, and I take to be as profitable to the Nation; how are we come from a strong and stubborn to a slight thin broad Cloth? from thence to
Stuffs, Perpets, Sayes, Rashes, Shalloones, Garzes, and lately to
Antherines, which last look as handsom as
Indian Silks, and serve as well in Linings for our Cloaths; also
Crapes of such different sorts both of
Silk and
Wool, that not only Cloths for Men and Women are made thereof, but also
Hatbands, Cuffs, Neckcloths, Hoods, Head-Dresses, &c. Now was there a Law to encourage, or would the Nobility and Gentry of this Kingdom by their Examples promote the wearing our own Manufactures, no doubt they might be soon brought to answer all the ends of
Indian Silks and
Calicoes, and I cannot see what reason may be given against a total Prohibition of their being worn in
England, which will be the quickest way to have them disused.
3. The third is to enquire why the People of
England are so much against their native Manufactures, as to be more in love with
Calicoes and
Indian Silks? The chief Reason is Fashion and Imitation of one another, though many others
[Page 7]are alledged, as the Ruffness and ill Colour of Woollen, which keeps it from answering the ends of
Calicoes, its Weight and Thickness, which renders it improper for the ends of slight Silks in Linings; These are not substantial but pretended Reasons, and would as well serve against
Calicoes and
Indian Silks were we more used to our Native Manufactures, and they now to be introduced; for as to the Ruffness of Woolen, may not that be helpt by its fineness? and are not course
Calicoes altogether as Ruff? A fine Flannen Shirt feels soft and pleasant to him that hath been used to wear it, so strange Impressions do Custom and Fashion make on us; and as for Colour, it is only Fancy, when Yellow is in Fashion it looks as decent as White, and as much Art is needful to strike it well as there is Curiosity about the other, witness when Women wore Yellow Hoods, both Men and Women Yellow Vestments; besides, no doubt ways might be found out to add to the Native Whiteness of our Woollen Manufactures, which do not therein fall shorter of
Calicoes, than they do of
Hollands and
Cambriks; and as to the ends of Silks Thinness and Likeness, I think our Workmen have given very great Instances in their
Crapes, Gauzes, and
Anth
[...] rines, what they could do had they Encouragement.
But if a Manufacture of
Wool will not please, why may not one of
Cotton, the
Primum of which
Calicoes are made, whereof we have great quantities imported every Year from our own Plantations in
America, and no doubt we might in a short time attain to an excellency therein, not only to supply our selves, but also Foreign Markets; He that considers how far we have gone in this already will have no cause to doubt a Progress; and if Encouragements were proposed to that Person, who should spin the finest Thread either in Cotton or Wool, to be adjudged and paid in each County, 'twould excite Industry and Ingenuity, and no doubt, we might in time make Calicoes equal in their sorts with those imported from
India, and afford them as cheap as that Company now sells them, enough not only for our home Expence, but also for Exportation.
We will next see what Employment this Trade gives to Ships, as it's now managed in a Company, and how far it promotes Navigation by making Saylors; the number of the first is but small, and I think far from making Seamen, long
[Page 8]Voyages being usually their Bane, those Ships seldom bringing home so many Saylors as they, carried forth, whereas shorter Voyages do more, made out of Landmen, both the Imployers and the Imployed being desirous to make their first Tryals on such Voyages; besides, longer require, better Saylors to provide for the Casualties which attend them, and may be said rather to use Seamen than to make them; and this is one great Reason why the
Dutch raise them so easily, most of their Employments being a home Trade.
If then it appears this Trade is no more profitable to the Nation in general, we will next see how it is to that Company in particular; I do not say to the particular Members thereof, who by ill Practices have raised their private Fortunes, many of which have been lately laid open, but to the Company as such, and here we find that a former failed; the last is thought to have gotten little, considering the long time they have been a Monopoly; and what Advantage the new
Fund will make time must shew, the Tricks used to engage Men therein, causes me to doubt whether it will answer the Expectation of the Subscribers.
On the whole, let us consider what Arguments can be offered to the Wisdom of the Nation to limit this Trade to an exclusive Company as was desired, or (as in Truth it is) to turn it into a Monopoly by Law, a thing very contrary to the Genius of the People of
England, and seems to barr the Freedom and Liberty of the Subject.
Were Monopolies to be allowed, it must certainly be in one of these three Respects.
- 1. That me might put off our own Commodities to other Nations in Barter for those we received from them.
- 2. That we might keep down the Prices of their Commodities, whilst we advanced our own.
- 3. That as the Consequence of these two we might encourage our Manufactures at home, and furnish Foreign Commodities cheap.
But when a Monopoly shall cause quite different Effects, its not to be allowed on any Terms.
As for the first; the
East-India Company takes off little of our Manufactures, nor do I think the Trade will admit it, for I cannot see how that Nation can be supplied with Manufactures hence sit for their Wearing, answerable in Price
[Page 9]to their own, except they were a Luxurious People, who cared not what they gave to please their Fancies, which I do not take them to be, but generally very Provident; for if we consider that when the
East-India Company hath brought their Calicoes and Silks hither with great Charges, and sold them at an extraordinary advance, they find vent by their cheapness, how can we believe that any of our Manufactures can afford them a profit in
India, where they must be sold suitable in price to the others first cost; and therefore 'twould not be amiss if the Government were put on making a narrow Inquiry whither the Company do
bona fide export so much of the Product and Manufactures of this Kingdom and land them in
India, as they are obliged to do by their Charter, else many ways may be found out to evade it, and the Nation be deprived of the only Advantage expected from that Monopoly.
The
Dutch and we deal not thither on the same Terms, their Manufactures are small, and so no Matter what they Trade on; besides, their Settlements in the
East-Indies are so great, that what they bring thence may almost be called their own Product, whereof by monopolizing that Trade they make greater Prices in
Europe, which being chiefly spent either in Foreign Markets or by Temporary Residents, brings them more Profit; They have also great Advantages above us in their
East-India Trade, being possest of the whole Traffick to
Japan, whither they carry
Cloth, Lead, and other Commodities from
Holland, Calicoes, Spices, &c. from
India, which they sell for
Gold and
Silver, increasing thereby their Bullion as we diminish ours: Besides, their
East-India Company is not settled on such a narrow Foundations as ours, which being limited to one City, exclusive of all others, sells their Commodities for greater Advance than any other Traders, whither we consider their Risque, or the time they are out of their Money, which should be the standing Rules in Trade; Nor can it be otherwise whilst they remain a Company, the Charges both abroad and at home being much more than when managed by private Stocks, besides the affected Grandeur in all, which must be paid by the Nation, whereon I take that Monopoly to be a Tax, so far as it might be supplyed with them on cheaper Terms if the Trade were laid more open by a Regulation: I know there
[Page 10]is much talk'd by the Company about Forts, Castles, and Soldiers, to defend their Interest in
India, but I cannot see the use of them, for either they are thereby defended against the Natives or the
Dutch their Competitors; the former have no reason to quarrel with them, for bringing them a Trade so highly their Advantage, as the purchasing their Product and Manufactures with Money, especially if they pay for what they buy; And as for their Competitors the
Dutch, if they were not better defended against them by our Fleets at home, and the Protection of the Princes they Trade with, than by all the Force they have there, the Trade had been ill secured, and must have sunk long ago; Only those great Words serve to hold us amused, whilst their
Guineas in the two last Reigns were the Support of their Charter.
One thing which I aim at in this Discourse, is to persuade the Gentry of
England to be more in Love with our own Manufactures, and to encourage the wearing them by their Examples, and not of Choice to give Imployment to the Poor of another Nation whilst ours starve at home.
A
Decree of the
French King's Councel of State, concerning Callacoes, printed in
East-India, or painted in the Kingdom, and other
China and
India Silks, Stuffs, and flowred with Gold and Silver: Given the 26th of
October, 1686.
THE King being informed, That the great quantities of Callicoes, Printed in
East-India, or Painted in the Kingdom, and other
China, and
India Silks, Stuffs, and Stuffs flowered with Gold and Silver, have not only given occasion of Transporting many Millions, but also have diminished the Manufactures of Old Established in
France, for making of Silk, Woollen, Linnen, and Hemp-Stuffs; and, at the fame time, the Ruin and Destruction of the Working People, who, by want of Work, having no Occupation, or Subsistence for their Families, are gone out of the Kingdom; the which being needful to provide a Remedy for, and for that effect to hinder the Trade and Sale in the Kingdom of the said printed Callicoes, and
India and
China Silks and Stuffs, nevertheless granting to the Owners a reasonable time to sell them in. Having heard the report of Monsieur
Pelletier, Counsellor Ordinary of the King's Royal Council, and Comptroller-General of the Finances; his Majesty, in his Council hath ordered, and doth order, that from the beginning of the day of the Publication of the present Decree, all the Manufacturers Established in the Kingdom, for Painting of the white Callicoes, shall be Abolished, and the Moulds serving to the Printing of them shall be broke and destroyed: His Majesty doth forbid most expresly the Re-establishing thereof: Also to his Subjects the Painting of
[Page 12]the said Callicoes, and to the Engravers the making of any Moulds serving to the said Impressions, under the Penalty of losing the said Callicoes, Moulds, and other Utensils, and Three Thousand Livres Fine, to be paid without diminution, one third part to the Informer, the second part to the Hospitals of the place, the third to the Farmers of the Revenue. And as concerning the Painted, Callicoes, and other
China and
India Silks, Stuffs, and Stuffs flowered with Gold and Silver, his Majesty hath granted, and doth grant, to the last of
December 1687. next, to the Merchants, and others, the permission of selling them as they shall think sit: The said time being expired, his Majesty doth forbid all Persons, of what Quality and Condition whatsoever they are, the exposing and selling thereof; and to particulars, the buying thereof, doth order, That those found in all Ware-Houses and Shops shall be burnt, and the Proprietors condemned to the like Fine of Three Thousand Livres, paid as abovesaid. His Majesty doth permit, nevertheless, the Entry, Sale and Retail, of the said white Callicoes in his Kingdom, paying for them the Taxes according to the Decree of the Council the 30th of
April last which shall be Executed, and that of the 15th of the present Month, to the last of
December, 1687. next year. His Majesty doth command the Lieutenant of the Policy of the City of
Paris, and the Intendants and Commissaries of the Provinces and Generalties of the Kingdom, to cause the present Decree to be Executed, being published and affixed in all Places where need shall be, that no body should be ignorant thereof.
Done in the King's State Council held at
Fontainbleau. Signed,
COQUILLE.
Observation of Sir
Josiah Child.
THat Wooll is eminently the Foundation of English Riches; and that the ways to equalize, or over-ballance our Neighbours, in our National Profit, by our Foreign Trade, are,
Disicourse of Trade,
p. 127.
To prevent the Exportation of our Wooll, and encourage our Woollen Manufactures: To encourage those Foreign Trades most, that vend most of our Manufactures, and that Supply us with Materials further to be Manufactured in
England.
Page 156.
That it's our Interest, by Example, and other Means, (not distastful) above all kind of Commodities, to prevent, as much as may be, the Importation of Foreign Manufactures.
Page 161.
That it is multitudes of People, and such Laws as cause an Encrease of People, which principally enrich any Country.
Preface.
That Lands (tho' excellent) without hands proportionable, will not enrich any Kingdom. That whatever tends to the Depopulating any Kingdom, tends to the Empove rishment thereof.
Page 165, & 167.
That it is our Duty to
God and
Nature, to Provide for, and Employ the Poor. That such as our Employment is for the People, so many will our People be.
Page 56. & 174.
That it's the Interest of a Kingdom, the Poors Wages should be high; for wherever Wages are high throughout the whole World, it is an infallible Evidence of the Riches of that Country; and wherever Wages for Labour runs low, it's a proof of the Poverty of that place.
Preface. Extracted out of the Discourse of Trade writ by Sir
Jos. Child.
That the Expence of
Foreign Commodities, especially
Foreign Manufactures, is the worst Expence a Nation can be inclinable to, and ought to be prevented as much as possible.
FINIS.