Free Trade.docx

Free Trade.docx

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FreeTrade

FreeTradeor,TheMeanesToMakeTradeFlorish.Wherein,The

CausesoftheDecayofTradeinthisKingdome,arediscovered:

AndtheRemediesalsotoremoovethesame,arerepresented.

Propertius,nauitadeventis,detaurisnarratarator:

Enumerat

milesvulnera,pastoroues.

London,PrintedbyJohnLegatt,forSimonWaterson,dwellingin

PaulesChurch-yardattheSigneoftheCrowne.1622

byEdwardMisseldon

TothePrince.Sir

YourHighnesisnolesseHappytobeetheSonneofsogreata

King,thentobetheHeireapparentofsomanyKingdomes.Inthe

one,rareendowmentsofMajestyandMagnanimity,areYoursby

generation:

Intheother,aRoyallMonarchybyinheritanceand

succession.TheonedothfitYoufortheother,andYourRoyall

Fathersfootstepsforthemboth.InthosearePeerelesseprints:

YoucannotcastYourEie,buttheyarepresenttoYou,and

representedinYou.YouseeinHisReligion,Piety:

inHisSacred

Person,Tranquility:

inHisGovernment,Policy.Ineveryoneof

these,allthese:

andallinYou.Inthatlast,HisMajestyhath

carriedaquickEie,overtheCommerceofthisKingdome:

because

ithathrelationbothtotheRevenueoftheCrowne,andthe

Common-wealthofallHisKingdomes.ItissaidinExechiels

Vision,thatOnewheeleranwithintheother,whichhathand

Emphasisinthattongue,{Hebrewphraseomitted}andsurely

mattersofStateandofTrade,areinvolvedandwraptup

together.Whichlatter,becauseitisatthistimeinagitation,

andthereare,notwithoutcause,manyQuaere'sabouttheCauses

ofthegeneralldecaythereof;hathcausedmetoputmyselfeon

thisEnquiry,tophilosophizeifIcould,intheseCausesand

Remedies.NotthatIwouldseemewithPhormio,toreadeaLecture

toHannibal:

No,Ihaveonlymusteredandmarshalledthesemen

intotheirRancksandOrder;itisYourstoCommandthem.Great

PhilipofMacedon,sufferedameanmusitionsayuntohim,Absit,

uthaectumemeliusscias.Butformypart,Idarenotinany

thing,putsuchanabsit,toaPrincesoabsolute.Everything

moovesitselfetoitsCenter.Theselittlelucubrationspresent

themselvestoyourHighnes,asuntotheirproperOrb.Forasthey

lookeuptotheKing,orastheylookedownetotheKingdome;In

boththeylookeonYou,withadoubleaspect.YouaretheJoyof

theKing,andHopeofalltheseKingdomes.TheOnlySonneYour

are,oftheOnlyKing:

AnhappySeer,ofablessedSire:

A

PrincelyConsul,ofthePrivyCouncel:

Awatchman,Aworthy,of

DavidandofJacob.

TheseMeditationofmine,areverymeane:

anunfitobjectfor

aPrincessight:

unlesseasYouareaGodonEarth;inthisalso

YourrepresenttheGodofHeaven;toacceptinyourPrincely

pardonandpatience,{Greekphraseomitted}.TheCauseisgreat,

yourWisedom'sdeep,andmyLordtheKingisasanAngellofGod.

YourHis,HeisChrist,andChristisGods.

OhGod,bethoustilltheKingandChrist,ofthisChristour

King:

EvangelizeuntothisAngel:

doubletheSpiritofourEliah,

onOurElisha:

thatHemayflourishlikeourPalmeTree,andgrow

uplikeourCedarofAlbion.GivethyJudgementstotheKing,and

thyJusticetotheKingsSonne:

AndletallthePeopleoffer

thesesweetOdourstoTheetheGodofHeaven,andprayforthe

lifeoftheKingandHisSonne.

Soprayeth,forHisMajestie,AndyourHighnesse,

EdwardMisselden,Merchant

FrommyHouseatHackneyonWhitsonEve,the8ofJuneInthe

yeareofGrace,MDCXXII.AndoftheKingofPeace,XXIV.

Cap.I.

TheCausesofthewantofMoneyinEngland.

IthavingpleasedGodtogivemeemybirthandbeinginthis

goodLand,andunderthereigneofsogreataKing;whosepeace

andpiety,whoseprudenceandpolicy,whoserareendowmentsof

Natureandliterature,absitomnisadulatio,doelendtothe

ChristioanandPaganworldsuchagloriouslustre,asthatthe

othergreatlightsintheSphearesthereofdoseemeeclipsed:

I

couldnotbutthinkeitmyboundenduty,inallhumble

acknowledgementtoAlmightGod,anddevoutedservicetosomighty

aKing,toendevourtoexpressethesame,insomepublique

serviceforthepubliquegood.

Theratherforthatthereseem'stobeanecessitieimposed

uponallmen,asmuchastheycan,toperformethisduety;

accordingtothatgnerallprecept,FeareGod,HonourtheKing:

As

ifamancouldnotfeareGod,unlessehehonourtheKing:

nor

honourtheKing,withoutthefeareofGod.

Andnomarvell,whenGodhimselfesetteththesedutiesinthe

frontispiceortopofboththeTablesoftheDecalogue:

Theone

ExplicitinthefirstTable,ThoushaltlovetheLordthyGod:

TheotherImplicitinthesecondTable,Thoushalthonourthe

King:

asifhewere{Greekphraseomitted},ALawandanother

Law:

yeathewholeLawcomprisedinthesetwo:

andthesetwo

termedthegreatCommandements,togiveadeepeimpressionanda

livelyexpressionofsogreatadutie.

Yea,hedothhonourkingswiththisowntitle,asifhee

wouldpartwith,&imparttothem,someofhisownehonour.I

havesaideyeeareGods:

towhichthatofthePoetmayseeme

{Greekwordomitted}tohaveanelegantallusion,Divisum

imperiumcumIoueCaesarhabet.

AndthisisitIconfessethathathraisedandrowsedmine

affections,toseekeoutasubject,whereinImightsetmyselfa

task,&asitisintheproverb,might{Greekphraseomitted},to

performesomeacceptableservice,tosogreataKing,&sogooda

kingdome.

ButwhatneedIseekethatwhichseekethallmen?

Forwhatis

atthistimemoreenquiredafterthentheCausesofthedecayof

Trade?

Andwhatcanbemorefitformymeditation,thenthat

whereinIhavehadeducation?

Andwhathathmorerelationto

matterofState,thenCommerceofMerchants?

ForwhenTrade

flourisheth,theKingsrevenueisaugmented,LandsandRents

improved,Navigationisencreased,thepooreemployed.Butif

Tradedecay,allthesedeclinewithit.NeverthelessewhenI

lookeuponthefaceofthegreatbodypolitiqueofthisweale

publique,andthereinconsiderthehighwisedomeofHissacred

Majestie,astheintellectualpartofthisMicorcosme,oralter

orbisasCeasarcallesit:

theprudenceandprovidenceofHis

Nobles,astheEyesthereof;thegreatdecayofTrade,theNerves

thereof:

togetherwiththeparliamentationandconsultationof

allthepartstogetherabouttheseCausesandRemedies:

IfeareI

shallseeme{Greekphraseomitted},tolightaCandleinthe

Sunne,tooffermyserviceinthat,aboutwhichthechoicestwits

oftheKingdomearenowinconsultation.

ButhavinghadexperienceofHisMajestiesgracious

interpretationofsmallservicesofhissubjectsemployedforthe

publique:

thoughothersmuchmoresufficientaresentbefore,yet

couldInotbutexpostulatewithmyselfe,whatifIalsorunne

after,andcastinmy{Greekphraseomitted},intothisgreat

Treasury.

Thereforeifherein,anyobservationsofmine,either

Forreignordomestique,mayadministeranythingworthythe

informationofthatGreatcommonandyetnotcommonSense,I

shallesteememypartmosthappilyacted,tohaveemployedmy

privatepainesforthepubliquegood.Therather,forthat,as

therearemanyCausesdiscussedanddiscoursedofatthistime,

ofthedecayofTrade;soalsoaretheremanyremedies:

wherein

ifeithertheCausesbemistaken,ortheremediesillapplied;

thepresentsicknesseoftheTrade,maybebroughtfromadisease

infieritoanhabituatedandinfacto,asthePhisitiansSchoole

hathit.

Tofindthecauseofthings,isaworkeofPhilosophy,and

muchfelicitie:

tofindeoutafitremedy,isofhigheminency:

Buttoapplytheremedy,isamatterofStateandPolicy.And

thisleadethmeetotheMethodofmydiscourse:

whichpartsit

selfeintwaine:

viz.IntoadoubleQuaere,oftheDeformation

andReformationofTrade.Intheformermaybeconsidered,the

CausesandEffectsthereof.IntheCauses,thematterofformeof

Trade.ThemasterofTrade,iseitherNaturallorArtificial.The

NaturalmatterofCommerceisMerchandize:

whichMerchantsfrom

theendofTradehavestiledCommodities.TheArtificialmatter

ofCommerceisMoney,whichhathobtainedthetitlesinewsof

warreandofState.

OldJacobblessinghisGrandchildren,crosthishands;and

laidehisrighthandontheyonger,andhislefthandonthe

elder:

AndMoney,thoughitbeinnatureandtimeafter

Merchandize,yetforasmuchasitisnowinusebecomethechiefe,

IwilltakeleaveofMethod,tohandleitinthefirstplace.

FirstthereforeforthewantofMoneyinthisKingdome,many

reasonsmaybeeassign'd.WhereofsomeareImmediate,some

mediateorremote.TheImmediatereasonsofthewantofmoney,

areeithersuchashindertheImportation;ofsuchascausethe

exportationthereof.Andboththerseareoccasionedbythe

under-valueationofhisMajestiesCaoine,tothatofour

NeighbourCountries.ForwhowilprocurelicenceinSpaineto

bringReallesintoEngland,tosellthemhereatteninthe

hundredgaine,whichislessethentheExchangefromthencewill

yeeld;whenheemayhaveforthesamefiveandtwentyinthe

hundredinHolland?

HerefiveRealsofeight,whichmaketwenty

shillingssterling,willcommonlyyeeldtwoandtwentyshillings

orthereabouts:

andthesameinHollandwillyeeldfortytwo

shillings&sixepenceFlemish,whichisfiveandtwenty

shillingssterling.Andhowcanwechoosebutwantmoneyin

England,whentheJacobuspieces,areCurrantatsohigharate

inHolland?

Fortheretheygoeattwelveguilderseightstivers

thepiece,whichisoneandfortieshillingsandfourpence

Flemish,whichisfourandtwentieshillings&ninepence

sterling.AndafterthisrateHisMajestiesotherCoinesofgold

&silverarethereofrespectiv