Part 16

Now if a good Credit be settled out of Hand, and the Mints continued in the Country, the Money that is now there, may be still kept there, and Methods found out to increase it, and the Trade of England carried on with an equal Circulation in all places; this will keep up the Rents of the Lands of England, which must otherwise fall in their Values, suitable to the distance they stand in from that great Metropolis.

If it be objected, That the Management of this Credit will be very costly to the Nation; I humbly conceive, that the Profits thereof will not only support its Charge, but also bring in a great Overplus, which may be usefully Imployed to the Nation’s Advantage; yet were this Objection true, nothing can be termed good Husbandry which spoils our Trade, the stopping whereof but for one Month, will be many Millions lost to the Kingdom.

If by rectifying this, or any better Proposal from a more thinking Head, the Credit of the Nation may be settled in this present Sessions, I have reaped the End I aimed at, the Good and Welfare of my Native Country; which I humbly submit to your Honours great Wisdom, and shall be ready to explain any Thing that may seem doubtful, when I am thereto commanded.

Your Honours,

Most Obedient Servant,

SOME

CONSIDERATIONS

Relating to the carrying on

The Linnen Manufacture

IN THE

KINGDOM

IRELAND.

By John Cary, Esq;

The Fifth Edition, Corrected.

LONDON:

Printed in the Year M.DCC.XLV.

SOME

CONSIDERATIONS

Relating to

The Linnen Manufacture

In the Kingdom of

IRELAND.

THE Linnen Manufacture in Ireland, being a Subject so much discours’d of the last Sessions of Parliament, I humbly presume to offer some Thoughts how it may best be carried on.

But, before I enter upon it, I will consider the State of that Kingdom, with respect to its Foreign Trade; the Ballance whereof I take to be against them, and must therefore be supplied, by carrying out their Coin, which is already grown so scarce, that ’tis to be fear’d, in a short time there will be little left.

To explain this, I will lay down some of those Steps, by which the Ballance of Trade daily alters to their Prejudice.

1st, The great Fall of their Products, viz. Wool, Tallow, Hides, Beef, &c. which are abated in their Prices above one Third of what they yielded before the War; so that should the same Quantities of those Commodities be bought up for Exportation, as formerly there were, yet they would not amount to the Value they then did.

2ly, The Ports of Spain, France, and Flanders, which were their great Markets, being now shut against them, the Profits which they made by their Foreign Trade in the Times of Peace, over and above the first Value of the Commodities exported, are also lost to the Kingdom.

3ly, The Prohibiting the Exportation of their Woollen Manufactures, whereby their People were employed, and their Labours sold to Foreign Nations, hath very much lessened the Ballance of their Foreign Trade,