of the balance of trade-及4准
梓囚徒貧圭�鮗� ○ 賜 ★ 辛酔堀貧和鍬匈��梓囚徒貧議 Enter 囚辛指欺云慕朕村匈��梓囚徒貧圭�鮗� ● 辛指欺云匈競何��
!!!!隆堋響頼��紗秘慕禰厮宴和肝写偬堋響��
have checked the frugality of the EGYPTIAN monarchs�察�according to the
foregoing theory。 The sum he mentions is 740��000 talents�察�or
191��166��666 pounds 13 shillings and 4 pence�察�according to Dr。
ARBUTHNOT'S computation。 And yet APPIAN says�察�that he extracted his
account from the public records�察�and he was himself a native of
ALEXANDRIA。
From these principles we may learn what judgment we ought to form
of those numberless bars�察�obstructions�察�and imposts�察�which all nations
of EUROPE�察�and none more than ENGLAND�察�have put upon trade�察�from an
exorbitant desire of amassing money�察�which never will heap up beyond
its level�察�while it circulates�察�or from an ill´grounded apprehension
of losing their specie�察�which never will sink below it。 Could any
thing scatter our riches�察�it would be such impolitic contrivances。 But
this general ill effect�察�however�察�results from them�察�that they deprive
neighbouring nations of that free communication and exchange which the
Author of the world has intended�察�by giving them soils�察�climates�察�and
geniuses�察�so different from each other。
Our modern politics embrace the only method of banishing money��
the using of paper´credit�察�they reject the only method of amassing it��
the practice of hoarding�察�and they adopt a hundred contrivances�察�which
serve to no purpose but to check industry�察�and rob ourselves and our
neighbours of the common benefits of art and nature。
All taxes�察�however�察�upon foreign commodities�察�are not to be
regarded as prejudicial or useless�察�but those only which are founded
on the jealousy above´mentioned。 A tax on GERMAN linen encourages home
manufactures�察�and thereby multiplies our people and industry。 A tax on
brandy encreases the sale of rum�察�and supports our southern colonies。
And as it is necessary�察�that imposts should be levied�察�for the support
of government�察�it may be thought more convenient to lay them on
foreign commodities�察�which can easily be intercepted at the port�察�and
subjected to the impost。 We ought�察�however�察�always to remember the
maxim of Dr。 SWIFT�察�That�察�in the arithmetic of the customs�察�two and
two make not four�察�but often make only one。 It can scarcely be
doubted�察�but if the duties on wine were lowered to a third�察�they would
yield much more to the government than at present�此�Our people might
thereby afford to drink commonly a better and more wholesome liquor��
and no prejudice would ensue to the balance of trade�察�of which we are
so jealous。 The manufacture of ale beyond the agriculture is but
inconsiderable�察�and gives employment to few hands。 The transport of
wine and corn would not be much inferior。
But are there not frequent instances�察�you will say�察�of states and
kingdoms�察�which were formerly rich and opulent�察�and are now poor and
beggarly�拭�Has not the money left them�察�with which they formerly
abounded�拭�I answer�察�If they lose their trade�察�industry�察�and people��
they cannot expect to keep their gold and silver�此�For these precious
metals will hold proportion to the former advantages。 When LISBON and
AMSTERDAM got the EAST´INDIA trade from VENICE and GENOA�察�they also
got the profits and money which arose from it。 Where the seat of
government is transferred�察�where expensive armies are maintained at a
distance�察�where great funds are possessed by foreigners�察�there
naturally follows from these causes a diminution of the specie。 But
these�察�we may observe�察�are violent and forcible methods of carrying
away money�察�and are in time commonly attended with the transport of
people and industry。 But where these remain�察�and the drain is not
continued�察�the money always finds its way back again�察�by a hundred
canals�察�of which we have no notion or suspicion。 What immense
treasures have been spent�察�by so many nations�察�in FLANDERS�察�since the
revolution�察�in the course of three long wars�拭�More money perhaps than
the half of what is at present in EUROPE。 But what has now become of
it�拭�Is it in the narrow compass of the AUSTRIAN provinces�拭�No�察�surely��
It has most of it returned to the several countries whence it came��
and has followed that art and industry�察�by which at first it was
acquired。 For above a thousand years�察�the money of EUROPE has been
flowing to ROME�察�by an open and sensible current�察�but it has been
emptied by many secret and insensible canals�此�And the want of industry
and commerce renders at present the papal dominions the poorest
territory in all ITALY。
In short�察�a government has great reason to preserve with care its
people and its manufactures。 Its money�察�it may safely trust to the
course of human affairs�察�without fear or jealousy。 Or if it ever give
attention to this latter circumstance�察�it ought only to be so far as
it affects the former。
�
the End