A Select Collection of Early English Tracts on Commerce
Brief Notes directing to the seueral parts which are handled in the Answeres made to the foure Obiections against the Ea
19th Century John Ramsay McCulloch (ed.) EnglishThe Trade of Merchandize, is not onely that laudable practise whereby the entercourse of Nations is so worthily performed, but also (as I may terme it) the very Touchstone of a kingdomes prosperity, when therein some certen rules shall be diligently obserued. For, as in the estates of priuate persons, we may accompt that man to prosper and growe rich, who being possessed of reuenues more or lesse, doth accordingly proportion his expences; whereby he may yearely aduance some maintenance for his posterity. So doth it come to passe in those Kingdomes, which with great care and warinesse doe euer vent out more of their home commodities, than they import and vse of forraine wares; for so vndoubtedly the remainder must returne to them in treasure. But where a contrary course is taken, through wantonnesse and riot, to ouerwaste both forren and domesticke wares, there must the money of necessity be exported, as the meanes to helpe to furnish such excesse, and so by the corruption of mens conditions and manners, many rich countries are made exceeding poore, whilst the people thereof, too much affecting their owne enormities, doe lay the fault in something else.
Wherefore, industry to encrease, and frugalitie to maintaine, are the true watchmen of a kingdomes treasury; euen when, the force and feare of Princes prohibitions cannot possibly retaine the same.
And therefore, as it is most plaine, that proportion or quantity, must euer bee regarded in the importing of forren wares; so must there also be a great respect of quality and vse; that so, the things most necessarie bee first preferred, such as are foode, rayment, and munition for warre and trade; which great blessings, when any countrie doth sufficiently enioy; the next to bee procured are wares, fitting for health, and arts; the last, are those, which serue for our pleasures, and ornament.
Now, forasmuch, as by the prouidence of almighty God, the Kingdome of England, is endowed with such aboundance of rich commodities, that it hath long enioied, not onely great plenty of the thing before named, but also, through a superfluity, hath beene much inriched with treasure brought in from forraine parts; which hath giuen life vnto so many worthy trades, amongst which that vnto the East-India by name; the report whereof, although it is already spread so famous through the world; yet notwithstanding, heere at home, the clamorous complaints against the same, are growne so loude and generall, that (my selfe being one of the Society) it hath much troubled my priuate meditations, to conceiue the means or true grounds of this confusion. But at the last I resolued my selfe, that the greatest number of these exclaimers, are led away in ignorance; not hauing as yet, discerned the mysteries of such waighty affaires; some haue beene transported with enuy, as not participating in the said Society, or beeing thereby hindred (as they conceiue) in some other trade; and others, wholly corrupted in their affections; who whilst they willingly runne into these errors, doe also labour diligently to seduce others; that so, this good and glory of the Kingdome, might be subuerted by our selues, which by the policie and strength of Strangers, cannot so easily be abated. Wherefore, it is now a fit time to meet with such iniurious courses, by a true Narration of the passages in the said East-India Trade; answering to those seuerall obiections, which are so commonly made against the same; That so these mis-vnderstandings and errours may bee made knowne vnto the whole body of this Kingdome, which at this present time is most worthily represented in those noble assemblies of the high Court of Parliament; where I hope the worth of this rich Trade, shall be effectually inquired, and so in the end obtaine the credit of an honorable approbation.