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money answers all things-第24章
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efore sufficiently shewn; can hardly ever be equal to the Wants of the People; according to their several Ranks and Stations only; will necesarily require。 And this should also be done; for the sake of returning the Capitals employed in Trade; as frequently as possible; since the quicker the Returns are made; the cheaper will the Goods come to the Consumer; and the slower the Returns are made; so much larger should the Profits always be; that is; so much dearer ought the Goods to be sold to the Consumer。 If this is not the Case; the Tradesman must suffer; which is very unreasonable; since all Trade is carried on solely for the Use and Benefit of the Consumer。 Again; this Estimate shews; how unfit it is to give or take long Credit in Trade; since the Advance of the Price of goods sold on time; ought not to be reckon'd with any Regard to the Interest of Money on Securities; but by the Rates of the Profits which the Capitals employ'd may require to answer the End of Trade; which is not only the continual Support of Families; but such a Provision for them as may; at least; leave the Children in Condition to fill up the same; if not better Stations in Life; than their Parents were in。 For as all below this Point approach so much nearer Poverty; so; if such Descent towards Poverty to be general amongst the trading People; the Rents in general will not only fall; but be lost; and this; I imagine; is both seen and felt too at this Time。 And therefore; I think; giving long Credit in Trade; which is now become much too general; ought to be remedied; since it must affect the Landed…Men; either in the high Price of their Consumables; or in their Rents; or perhaps in both。 The last Thing I shall mention; to shew that our Trade really is; and hath been; for some considerable Time past; growing into a much worse State than it formerly was; shall be the acknowledged Dearness of the Labour of the People in England; to the Price of Labour in most of our Neighbour Nations; the Effect of which hath been so detrimental to our Trade; that the Nations round us have; in less than half a Century; enter'd on; and set up the Fabricating many Manufactures; which they before that Time had from us only: Which hath not been observed; but lamented by many of our Merchants and Tradesmen; etc。 And at length; as is notoriously know; the Dearness of Labour hath been found so burthensome to our Farmers; that the Gentry and Justices of the Peace; in their open Quarter Sessions; have lately; in several Places in the Kingdom; attempted to redress this Evil; by regulating the Rates of Servants Wages。 Now this attempt; though it be unnatural; and impossible to answer the End; is however a publick Acknowledgment; that our Trade is in a very bad State。 For if our Labour be really too dear; as it most certainly is; then all our Commodities must be so too; which must necessarily greatly lessen the Vend and Consumption of them。 And hence it will follow; that this publick Attempt to reduce the Rates of Labour; amounts to a publick Declaration that our Trade is in a very bad State。 But after all I have offer'd; which I think abundantly sufficient to prove that our Trade is in a much worse State than it formerly was; I know it will be objected; that we have; at this Time; as much Trade amongst us in the Nation as we ever had; and that therefore our Trade is not so bad; as I have shewn it to be。 Now; tho' I should allow the Objectors their Assertion; yet; I think; I can notwithstanding produce several Reasons; to shew that our Trade is in a much worse State than it formerly was; as; First; That the People in this Kingdom have increased considerably within the last half Century: For I have before shewn that this Town is increased about 1/7 part; in the Space of about forty Years。 And Sir William Pettis says; A Nation will double itself in 200 Years; if it be free from War; Pestilence; or Draining for distant Colonies。 Now 40 Years being 1/5 of the Period he asserts a Nation will double in; it follows; by this Authority; that the People in this Kingdom must be increas'd 1/5 within the last forty Years: If therefore our Trade be not 1/5 Part greater than it was about forty Years ago; which I am sure cannot be shewn; it follows; that as our Trade is less; in Proportion to this Increase of People; than it formerly was; it therefore must be so much worse。 I am sensible it may be objected; that we have; within half a Century; had two Wars with France; as well as one in Ireland upon King William's coming in; and that therefore this Authority will not support so great an Increase as I have deduced from it。 But I answer; That we had so good a Trade about the Revolution; and during both those Wars with France; as drew more People from abroad to us; than these Wars did probably destroy。 Again; Secondly; allowing that we have now as much Trade in this Kingdom as we formerly had; yet it must also be allow'd; that if Trade be now carried on for less Profit; than it formerly was; as it undoubtedly is; and this I fear now will be generally granted; besides; that I think; what I have said under the last Estimate; doth sufficiently prove as much: I say; if Trade be now carried on for less Profits; and if the Charge of Living be likewise grown much greater than it formerly was; which I know will easily be allow'd me too; surely then Trade must necessarily be much worse than it formerly was; notwithstanding we may have as much Trade is certainly in a much worse State than it formerly was; especially in this Metropolis; I think it will not be unnecessary to shew how Trade stands in the Country in this respect。 Now it hath been long asserted; that many Farmers; in several Parts of the Kingdom; from the Cheapness of the Produce of the Ground; and from the Dearness of Labour have been obliged to throw up their Farms to their Landlords。 And of late this is grown so generally the Case; that the News…Papers(33*) have assured us; that most of the Farmers all over the Kingdom must inevitably have been ruin'd; had not Corn; etc。 taken a sudden considerable and unexpected Rise; which the War now broke out in Italy hath occasion'd。 And this seems to be allow'd to be Fact; even by the most sanguine of those that contend for the present most flourishing State of our Trade; whilst they content themselves with assigning this Cause for it; viz。 That the Gentry truly do not now live; and spend their Money in the Country; as formerly。 Now this; if it be true; seems to me a very inadequate Cause; either of the late Cheapness of the Produce; or present Dearness of Labour; to which Causes the Farmers justly attribute the unhappy Dilemma they have for some Time labour'd under。 But however; Fact it seems it is; that the Farmers; generally; were so near inevitable Ruin as is above asserted: Now I would fain know what the State of Trade must be in the Country; when the Farmers in general were in so dreadful a Condition: For the Trade in the country; I think; turns chiefly; if not entirely; upon the general Prosperity of the Farmers; for I believe the Country People would be able to raise but few Manufactures; if the Farmers in general were so reduced; as to be unable to raise the Principles out of the Ground; for them to work on; and yet this must be the Case; if the Farmers were generally ruin'd。 For the Gentlemens employing their Farmers themselves; would not mend the Matter; since they find by Experience; those Farms always bring them in Debt; on which the Farmers find they can't get a Livelihood; which therefore in the End; must ruin the Gentlemen as well as the Farmers。 And therefore it follows; that; allowing the above Fact to be true; the Trade in the Country; as well as the Trade in London; is in a much worse Condition than it was formerly; when the Prosperity of the Farmers; and other Circumstances; enabled the Gentlemen almost universally to raise their Rents; as it's well known they have done very considerably; within the Space of 30 or 40 years last past。 But I shall now proceed to obviate an Objection; which; as Things are now circumstanced; may seem to lie against this Proposal; viz。 'Tis objected; that the Plenty is now so great; as to reduce the Price of the Produce so low; that the Farmers can pay no Rent; and therefore it follows; that we have already broke up and improv'd too much Land; since such Plenty can arise only from having too much Land in Use。 In answer to which; I shall first observe; that the Price of Things may be reduced too low to answer and turn to Account; not only from the Plenty of those Things consider'd in themselves; but from the Inability of the People in general to purchase them; in such Quantities as their Wants may require; since a consideration Abatement of the Consumption of any Thing; will operate to the Reduction of its Price; more than even Plenty of any Thing; consider'd with due Regard to the Wants of the People; will do;(34*) and whoever considers the two Estimates I have produced; which shew how much greater the Wants of the People are; than they can in general be supposed to get; must ascribe the present low Rates of the Produce; at least as much to an Abatement of the Consumption; as to the Plenty consider'd as aforesaid; since by those
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