Memoirs of the Historical Society of Pennsylvania 4, Pt. 1
Memoirs of the Historical Society of Pennsylvania 4, Pt. 1
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/■ lance in its favour, in all trade it is engaged in, with the several countries it trades withal." This theory is developed in a discussion of some length, in which the trade with Europe and the "West Indies is considered; and the au^or proceeds to show how the balance of trade may he brought in favour of the province, which he thinks is to be ef- fected by a proper encouragement of the products of the province, by manufacturing and exporting them. The various productions of the province are ...enumerated, and remarked upon.
1. Wheat — Which he says, is ♦^the chief staple of our trade," and which, he thinks, ought to be manufactured into flour before it ' is exported, on account of the employment it thereby gives to in- dustry, and the higher value of the article. To increase the culti- vation of wheat, he proposed that a bounty of* per bushel, be paid for all the wheat which shall be exported to the Continent of Europe. ** The bounty to be raised by a l«Dd tax, or a duty on rum, or as the Honourable Assembly may think fit" He adds a caution, however, " that it be not given to any New England vessels trading here; for we not being so well situated for trade, lying so far up a river, they will fetch in wheat, manu- facture it, and send it to the West Indies, continue the glut of that market, and under sell us, which will frustrate the good end hereby intended." 2.
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To quickly assess the difficulty of the text, read a short excerpt:
/■ lance in its favour, in all trade it is engaged in, with the several countries it trades withal." This theory is developed in a discussion of some length, in which the trade with Europe and the "West Indies is considered; and the au^or proceeds to show how the balance of trade may he brought in favour of the province, which he thinks is to be ef- fected by a proper encouragement of the products of the province, by manufacturing and exporting them. The various productions of the province are ...enumerated, and remarked upon.
1. Wheat — Which he says, is ♦^the chief staple of our trade," and which, he thinks, ought to be manufactured into flour before it ' is exported, on account of the employment it thereby gives to in- dustry, and the higher value of the article. To increase the culti- vation of wheat, he proposed that a bounty of* per bushel, be paid for all the wheat which shall be exported to the Continent of Europe. ** The bounty to be raised by a l«Dd tax, or a duty on rum, or as the Honourable Assembly may think fit" He adds a caution, however, " that it be not given to any New England vessels trading here; for we not being so well situated for trade, lying so far up a river, they will fetch in wheat, manu- facture it, and send it to the West Indies, continue the glut of that market, and under sell us, which will frustrate the good end hereby intended." 2.
What to read after Memoirs of the Historical Society of Pennsylvania 4, Pt. 1?
You can find similar books in the "Read Also" column, or choose other free books by Pennsylvania Historical Society From Old Catalo to read onlineMoreLess
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