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treatise on taxes and contributions-及16准

弌傍�� treatise on taxes and contributions 忖方�� 耽匈4000忖

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or trial whereof suppose one shilling were proclaimed to be worth two what other effect could this have�察�then the raising of all Commodities unto a double price�拭�Now if it were proclaimed�察�That Labourers Wages�察�etc。 should not rise at all upon this raising of Money�察�then would this Act be as onely a Tax upon the said Labourers�察�as forcing them to lose half their wages�察�which would not be onely unjust but impossible�察�unless they could live with the said half�察。�which is not to be supposed�� for then the Law that appoints such Wages were ill made�察�which should allow the Labourer but just wherewithall to live�察�for if you allow double�察�then he works but half so much as he could have done�察�and otherwise would�察�which is a loss to the Publick of the fruit of so much labour。     12。 But suppose the Quart d'Esen of France commonly esteemed worth eighteen pence were raised to three shillings�察�then 'tis true�察�that all the Moneys of England would be indeed Quart d'Esens pieces�察�but as true�察�that all the English Money would be carried away�察�and that our Quart d'Esens would contain but half so much Bullion as our own Money did�察�so that raising of Money may indeed change the species�察�but with so much loss as the Forreign Pieces were raised unto�察�above their intrinsick value。     13。 But for remedy of this�察�suppose we raised the Quart d'Esen double�察�and prohibited the Exportation of our own money in Exchange thereof。 I answer�察�that such a Prohibition is nugatory�察�and impossible to be executed�察�and if it were not�察�yet the raising of the said species would but make us sell the Commodities bought with raised Quart d'Escens�察�in effect but at half the usual rate�察�which unto them that want such commodities will as well yield the full�察�so that abating our prices�察�will as well allure strangers to buy extraordinary proportions of our Commodities�察�as raising their money will do�此�But neither that�察�nor abating the price will strangers use more of our Commodities then thye want�察�for although the first year they should carry away an unuseful and superfluous proportion�察�yet afterwards they would take so much the less。     14。 If this be true�察�as in substance it is�察�why then have so many wise States in several ancient�察�as well as modern times frequently practised this Artifice�察�as a means to draw in money into their respective Dominions。     I answer�察�that something is to be attributed to the stupidity and ignorance of the people�察�who cannot of a sudden understand this matter�此�for I finde many men wise enough�察�who though they be well informed that raising of maoney signifies little�察�yet cannot suddently digest it。 As for example�察�and unegaged person who had money in his purse in England�察�and should hear that a shilling was made fourteen pence in Ireland�察�would more readily run theither to by Land then before�察�not suddenly apprehending�察�that for the same Land which he might have bought before for six years Purchase�察�he shall now pay seven。 Nor will Sellers in Ireland of a sudden apprehend cause to raise their Land proportionally�察�but will at least be contented to compound the business�察�viz。 to sell at six and an half�察�and if the difference be a more ragged fraction�察�men under a long time will not apprehend it�察�nor ever be able exactly to govern their practice according to it。     15。 Secondly�察�Although I apprehend no little real difference between raising Forreign Money to double�察�and abasing half in the price of our own Commodities�察�yet to sell them on tacite condition to be paid in Forraign present Money�察�shall increase our money�察�forasmuch as between raising the money�察�and abasing the price�察�is the same difference as between selling for money and in barter�察�which latter is the dearer�察�or between selling for present money�察�and for time�察�barter resolving into the nature of uncertain time。     16。 I say�察�suppose English Cloth were sold at six shillings a yard�察�and French Canvas at eighteen pence the ell�察�the question is�察�whether it were all one in order to increase Money in England to raise the French Money double�察�or to abate half of the price of our Cloth�拭�I think the former�察�because that former way or proposition carries with it a condition of having Forreign Money in specie�察�and not Canvas in barter�察�between which two wayes the world generally agrees there is a difference。 Wherefore if we can afford to abate half our price�察�but will not do it but for our neighbours money�察�then we gain so much as the said difference between Money and Barter amounts unto�察�by such raising of our Neighbours Money。    17。 But the fundamental solution of this Question depends upon a real and not an imaginary way of computing the prices of Commodities�察�in order to which real way I premise these suppositions�此�First�察�then�察�suppose there be in a Territory a thousand people�察�let these people be supposed sufficient to Till this whole Territory as to the Husbandry of Corn�察�which we will suppose to contain all necessaries for like�察�as in the Lords Prayer we suppose the word Bread doth�察�and let the production of a Bushel of this corn be supposed of equal labour to that of producing an ounce of Silver。 Suppose again that a tenth part of this Land�察�and tenth of the people�察�viz。 an hundred of them�察�can produce Corn enough for the whole�察�suppose that the Rent of Land ��found out as above´mentioned�� be a fourth part of the whole product�察。�about which proportion it really is�察�as we may perceive by paying a fourth Sheaf instead of Rent in some places�� suppose also that whereas but an hundred are necessary for this Husbandry�察�yet that two hundred have taken up the Trade�察�and suppose that where a Bushel of Corn would suffice�察�yet men out of delicacy will use two�察�making use of the Flower onely of both。 Now the Inferences from hence are�察    �First�察�That the goodness of badness�察�or the value of Land depends upon the greater or lesser share of the product given for it in proportion to the simple labour bestowed to raised the said Product。     Secondly�察�That the proportion betwee Corn and Silver signifie onley an artificial value�察�not a natural�察�because the comparison if bewteen a thing naturally useful�察�and a thing in its self unnecessary�察�which ��by the way�� is part of the reason why there are not so great changes and leaps n the prodceed of Silver as of other commdodities。     Thirdly�察�That natural dearness and cheapness depends upon the few or more hands requisite to necessaries of Nature�此�As Corn is cheaper where one man produces Corn for ten�察�then where he can do the like but for six�察�and withal�察�according as the Climate disposes men to a necessity of spending more or less。 But Political Cheapness depends upon the paucity of Supernumerary Interlopers into any Trade over and above all that are necessary�察�viz。 Corn will be twice as dear whre are two hundred Husbandmen to do the same work which an hundred could perform�此�the proportion thereof being compounded with the proportion of superfluous expence�察。�viz。 if to the cause of dearness abovementioned be added to the double Expence to what is necessary�� then the natural price will appear quadrupled�察�and this quadruple Price is the true Political Price computed upon naturall grounds。     And this again proportioned to the common artificall Standard Silver gives what was sought�察�that is�察�the true Price Currant。     18。 But forasmuch as almost all Commodities have their Substitutes or Succedanea�察�and that almost all uses may be answered serveral wayes�察�and for that novelty�察�surprize�察�example of Superiors�察�and opinion of unexaminable effects do adde or take away from the price of Things�察�we must adde these contingent Causes to the permanent Causes abovementioned�察�in the judicious foresight and computation whereof lies the excellency of a Merchant。     Now to apply this Digression�察�I say�察�that to encrease Money�察�it is as well necessary to know how to abate the raise�察�the price of Commodities�察�and that of Money�察�which was the scope of the said Digression。     19。 To conclude this whole Chapter�察�we say�察�that raising or embasing of Moneys is a very pittiful and unequal way of Taxing the people�察�and 'tis a sign that the State sinketh�察�which catcheth hold on such Weeds as are accompanied with the dishonour of impressing a Princes Effigies to justifie Adulterate Commodities�察�and the breach of Publick Faith�察�such as is the calling a thing what it really is not。

Chapter 15

Of Excise

    It is generally allowed by all�察�that men should contribute tothe Publick Charge but according to the share and interest they have in the Publick Peace�察�that is�察�according to their Estates or Riches�此�now there are two sorts of Riches�察�one actual�察�and the other potential。 A man is actually and truly rich according to what he eateth�察�drinketh�察�weareth�察�or any other way really and actually enjoyeth�察�others are but potentially or imaginatively rich�察�who though they have power overmuch�察�make little use of it�察�these being rather Stewards and Exchangers for the other sort�察�then owners for themselves。     2。 Concluding therefore that every man ought to contribute according to what he taketh to himself�察�and actually enjoyeth。 The first thing to be done is�察�to compute what the Total of the Expence of this Nation is by particular men upon themselves and then what part thereof is necessary for the

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