To The Tobacco Plantations Are Exported Clothing, Household Goods,
Iron Manufactures Of All Sorts, Saddles, Bridles, Brass And Copper
Wares; And Notwithstanding They Dwell Among The Woods, They Take
Their Very Turnery Wares, And Almost Everything Else That May Be
Called The Manufacture Of England.
England takes from them not only what tobacco is consumed at home,
but very great quantities for re-exportation.
To Carolina are exported the same commodities as to the tobacco
plantations. This country lying between the 32nd and 36th degrees
of northern latitude, the soil is generally fertile. The rice it
produces is said to be the best in the world; and no country affords
better silk than has been brought from thence, though for want of
sufficient encouragement the quantity imported is very small. It is
said both bohea and green tea have been raised there, extraordinary
good of the kind. The olive-tree grows wild, and thrives very well,
and might soon be improved so far as to supply us with large
quantities of oil. It is said the fly from whence the cochineal is
made is found very common, and if care was taken very great
quantities might be made. The indigo plant grows exceedingly well.
The country has plenty of iron mines in it, and would produce
excellent hemp and flax, if encouragement was given for raising it.
To Pennsylvania are exported broad-cloth, kerseys, druggets, serges,
and manufactures of all kinds.
To New England are exported all sorts of woollen manufactures,
linen, sail-cloth and cordage for rigging their ships, haberdashery,
&c. They carry lumber and provisions to the sugar plantations; and
exchange provisions for logwood with the logwood-cutters at
Campeachy. They send pipe and barrel-staves and fish to Spain,
Portugal, and the Straits. They send pitch, tar, and turpentine to
England, with some skins.
Having considered the trading companies, and other branches of
foreign trade, I shall now inquire into the establishment of the
Bank of England.
The governor and company of the Bank of England, &c., are enjoined
not to trade, or suffer any person in trust for them to trade, with
any of the stock, moneys or effects, in the buying or selling of any
merchandise or goods whatsoever, on pain of forfeiting the treble
value. Yet they may deal in bills of exchange, and in buying and
selling of bullion, gold or silver, or in selling goods mortgaged to
them, and not redeemed at the time agreed on, or within three months
after, or such goods as should be the produce of lands purchased by
the corporation. All bills obligatory and of credit under the seal
of the corporation made to any person, may by endorsement be
assigned, and such assignment shall transfer the property to the
moneys due upon the same, and the assignee may sue in his own name.
There is at present due to this Bank
from the Government on the original
fund at 6 pounds per cent. 1,600,000 (pounds)
For cancelling of Exchequer bills,
3 George I 1,500,000
Purchased of the South Sea Company 4,000,000
Annuities at 4 pounds per cent.
Enter page number
PreviousNext
Page 76 of 78
Words from 39506 to 40032
of 40922
