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!!!!隆堋響頼��紗秘慕禰厮宴和肝写偬堋響��



at Period。 But I think they could not have found a Settlement with us�察�if our Trade had not been in a very flourishing State�察�without improving so much waste Land as their Numbers required�察�and thereby reducing the Prices of our Produce and Manufactures in such Proportion�此�Whereas it's certain no such Fall happen'd�察�and therefore it follows we had so much greater Exports of our Produce and Manufactures�察�as were equal to the Imployment so great an Addition of Hands did require to support them。 And the great Quantity of Money coin'd in this Period of doubling�察�which was perhaps equal to all we had before circulating amongst us�察�shews that this was the Case�察�since nothing but so much greater Exports than Imports�察�could have brought us such a Balance of Gold and Silver�察�or have supported the Prices of Things。     This therefore shews�察�that the Increase or Decrease of the People in any Nation�察�depends more on the Balance of Trade than on any other Consideration whatsoever。 For where the Balance is considerably in favour of any Nation�察�there the People finding Employment do always flow�察�and contrarywise�察�if the Balance be considerably against a Nation�察�the People must foresake it�察�a melancholy Proof of which some of our Colonies do furnish�察�many People of all Degrees�察�if we can rely on our News´Papers�察�abandoning them。 Nor can they ever be recover'd but by their raising Corn and Cattle�察�which includes almost every Thing�察�instead of their Staple of Sugar�察�etc。 which they find will not produce enough of the Necessaries and Comforts of Life for all the People。 But if they were to raise these necessary Things�察�and make them so plenty as to inable them to Work full as cheap as the French�察�who have now got the Staple of Sugars from them�察�and thereby that Trade from this Nation�察�our Plantations would soon bring that Staple back again�察�or at least come in for their Share in it�察�and all other Branches of Trade which their Soil and Climate are by Nature most adapted to。     And since I have digress'd so far about our Plantations�察�which I have done for their sakes�察�I must say�察�I can't think it good Policy to carry our People to them�察�whilst we have waste Land enough at home to improve and employ them�察�since by carrying the People away�察�we lose so many Consumers of our Produce�察�etc。 and Occupiers of Rooms�察�if not of Houses�察�which necessarily brings a proportionable Loss to the Revenue with it�察�besides the Charge of transporting and settling them。     Instead of which�察�did we but cause the Trade of our Colonies to be put on such a Foot as I am pointing out�察�People enough would soon forsake arbitrary and oppressive Governments�察�to find so happy a Settlement�察�as such a State of Trade in our Plantations would of itself produce�察�and is necessarily connected with。 And this I am as certain of�察�as that Mr Corbert in his Answer to the French King ��Guardian No。 52�� was certainly in the right�察�when he told his Majesty�察�That the People will never stay and starve in any Country�察�if they know of any other where they can subsist themselves comfortably。     Another Point�察�whence I argue the State of Trade to be worse than it formerly was�察�is the great Number of empty Houses�察�not only in the Suburbs and new Buildings�察�but in the Strand�察�Fleet´Street�察�Ludgatehill�察�Cheapside�察�and Cornhil�此�For I think Houses shut up in Cheapside and Cornhil�察�ar an unanswerable Proof of the bad State of Trade in this City�察�and I suppose�察�if the new Buildings were extended further than they are like to be�察�Cornhil could hardly be affected by them�察�since so long as the Royal Exchange stands there�察�and Ships can't sail thro' London Bridge�察�it should�察�I think�察�be the Seat of Trade�察�as it is certain it hath heretofore been。 But how is its State of Trade alter'd� �How many Milliners�察�Pastry´Cooks�察�and other inconsiderable Trades fill the Houses�察�where opulent wholesale Dealers dwelt�察�whilst several other Houses have been shut up for some Time� �And to me it appears absurd�察�to impute this to any other Cause than the different State of the Trade of this Metropolis�撮�31*�� which I shall always regard as an Index of the State of Trade of the whole Kingdom。     I have before taken Notice�察�that the great Number of empty Houses is ascribed to the new Buildings of late Years。 But I can't conceive the Buildings in the last forty Years�察�to have been near equal to what they must have been in the preceding forty Years�察�when the Buildings must have been so numerous as to equal the whole Number standing in London�察�Westminister�察�and the Suburbs thereof before that Time�察�because the People having doubled in the next forty Years ��as appears by the Bills of Mortality�� must needs have double the Habitations to reside in。 and here I wave the Buildings which the Fire of London occasion'd�察�tho' that must have been prodigious�察�for it happen'd in this Period of doubling。 Nay�察�it must be evident�察�the Building this last forty years�察�can't have been near equal to the Buildings in the preceding forty years�察�because abundance more Houses wou'd now be empty than there are�察�if this were the Case�察�since the People have not increased above 1/7�察�or thereabout in the last forty Years�察�tho' they doubled in the preceding 40 Years�察�or thereabouts�察�as hath been shewn。     Another Point�察�whence I argue�察�that Trade is in a much worse state than it formerly was�察�is that we send Money to Spain�察�whence we ought most certainly to receive it�此�For Spain having the Mines of Peru and Mexico�察�and being so very careful to keep the Riches of them to themselves�察�that they search all Ships in those Parts�察�and if they find any Money on Board�察�confiscate them�察�and bring all the Treasure of those Mines home to Old Spain�察�in the King's Ships call'd Galleons�察�Register´Ships�察�etc。 Therefore Spain being the great Receiver of this vast Treasure�察�consequently must have the Prices of all Commodities at as much higher Rates than other Nations�察�as the Wealth of these Mines continually furnish�察�is greater than any other nation can receive�察�who have no Mines but their Trade。     And as it is this which doth�察�and which in the very Nature of the Thing should give us and other Nations�察�who have no Mines�察�the Advantage of vending Goods to Spain�察�so as to have the Balance on them�察�and every Country that hath Gold and Silver Mine�此�so it will follow�察�that our Trade is really in a bad condition�察�if we pay them any Money at all。 And yet by our Bills of Entries it appears�察�that we Exported to Cadiz in Spain�察�September 7�察�1732。。。。   2000 Ounces of Gold           9�察           �2000 Novemb。   4         2000 Decemb。  16         3000         19          1000 January   7         3000               In all 13000 Ounces of Gold or about L。 50��00 in so short a time。 I could produce many more instances from the bills of Entry�察�but these are sufficient to prove that the State of our Trade is not only worse than it formerly was�察�when we undoubtedly had the Balance in our favour on Spain�察�but that the Trade of this Nation is in a very bad Way indeed�察�unless it can be proved that Gold in Spain is so much more valuable in respect of Silver�察�than it is with us�察�that it will purchase so more more Silver in Spain than it will do here�察�as is sufficient to pay the Freight of the Gold out�察�and of the Silver home�察�and the Insurance for the Hazard of the Sea out and home�察�with Postage of Letters�察�and Commission to the Merchants in Spain�察�and a Profit sufficient to induce our Merchants to export Gold to bring home Silver for it。     And since the Merchants in Portugal understand getting Money as well as others�察�can we imagine their Gold would come to us�察�as we find by its Circulation amongst us it doth�察�if they could buy Silver with it as such cheaper Rates in Spain�察�as would enable them to send us Silver at so much higher Rates in respect of Gold�察�as the Silver would thus cost them less than it is worth with us�察�in respect of Gold�拭    �Hence therefore I conclude�察�that nothing but Spain's having such a Balance upon us�察�can be the Cause of our sending them this Money。 And�察�I think�察�nothing but our Paper Effects�察�which are almost immense�察�if we consider the publick Securities of every Kind�察�and Bank Notes�察�etc。 which have the Operation of Money amongst us�察�could possibly raise and keep our Markets so high�察�as to cause us to receive more Goods in Value from Spain than they

take of us。 And yet�察�I think�察�this must be our Case�察�tho' we carry them only Gold。 And thus it may be said�察�we carry Coals to Newcastle�察�nor can the Event be different�察�if we go on so�察�except that this Matter is of so much more Importance�察�as Gold is more valuable than Coals。     I must own I have hear it supposed�察�that the Merchants in Spain�察�to avoid the Delays that of late Years have attended the Delivery of the Money from on Board the King's Ships�察�and also to elude paying the Indulto thereon�察�have found means to convey their Money by our Ships to England�察�and that this occasions the Exportation of Gold to Spain�察�but I think this Trade so dangerous�察�both to the Merchants in Spain�察�and our Ships too�察�that I know not how to admit this for a sufficient Reason。     Another Point�察�from whence I shall argue that our Trade is in a much worse State than it formerly was�察�shall be the following Estimate of the necessary Charge of a Family�察�i
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隆堋響頼��紗秘慕禰厮宴和肝写偬堋響��
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