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london in 1731-第23部分

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Seas。  They export some woollen goods and haberdashery wares; knives; hatchets; arms; and other hardware; and in return bring back chiefly beaver…skins; and other skins and furs。

The last; and once the most considerable of all the trading companies; is that of the South Sea; established by Act of Parliament in the ninth year of the late Queen Anne; but; what by reason of the mismanagement of its directors in 1720; the miscarriage of their whale…fishery; and the intrigues of the Spaniards; their credit is sunk; and their trade has much decreased。

I proceed; in the next place; to inquire what countries the merchants of London trade to separately; not being incorporated or subject to the control of any company。

Among which is the trade to Italy; whither are exported broad…cloth; long…ells; baize; druggets; callimancoes; camlets; and divers other stuffs; leather; tin; lead; great quantities of fish; as pilchards; herrings; salmon; Newfoundland cod; &c。; pepper; and other East India goods。

The commodities England takes from them are raw; thrown; and wrought silk; wine; oil; soap; olives; some dyer's wares; anchovies; &c。

To Spain the merchants export broad…cloth; druggets; callimancoes; baize; stuff of divers kinds; leather; fish; tin; lead; corn; &c。

The commodities England takes from them are wine; oil; fruit of divers kinds; wool; indigo; cochineal; and dyeing stuffs。

To Portugal also are exported broad…cloth; druggets; baize; long… ells; callimancoes; and all other sorts of stuffs; as well as tin; lead; leather; fish; corn; and other English commodities。

England takes from them great quantities of wine; oil; salt; and fruit; and gold; both in bullion and specie; though it is forfeited; if seized in the ports of Portugal。

The French take very little from England in a fair way; dealing chiefly with owlers; or those that clandestinely export wool and fuller's…earth; &c。  They indeed buy some of our tobacco; sugar; tin; lead; coals; a few stuffs; serges; flannels; and a small matter of broad…cloth。

England takes from France wine; brandy; linen; lace; fine cambrics; and cambric lawns; to a prodigious value; brocades; velvets; and many other rich silk manufactures; which are either run; or come by way of Holland; the humour of some of the nobility and gentry being such; that although they have those manufactures made as good at home; if not better than abroad; yet they are forced to be called by the name of French to make them sell。  Their linens are run in very great quantities; as are their wine and brandy; from the Land's End even to the Downs。

To Flanders are exported serges; a few flannels; a very few stuffs; sugar; tobacco; tin; and lead。

England takes from them fine lace; fine cambrics; and cambric…lawns; Flanders whited linens; threads; tapes; incles; and divers other commodities; to a very great value。

To Holland the merchants export broad…cloth; druggets; long…ells; stuffs of a great many sorts; leather; corn; coals; and something of almost every kind that this kingdom produces; besides all sorts of India and Turkey re…exported goods; sugars; tobacco; rice; ginger; pitch and tar; and sundry other commodities of the produce of our American plantations。

England takes from Holland great quantities of fine Holland linen; threads; tapes; and incles; whale fins; brass battery; madder; argol; with a large number of other commodities and toys; clapboard; wainscot; &c。

To Ireland are exported fine broad…cloth; rich silks; ribbons; gold and silver lace; manufactured iron and cutlery wares; pewter; great quantities of hops; coals; dyeing wares; tobacco; sugar; East India goods; raw silk; hollands; and almost everything they use; but linens; coarse woollens; and eatables。

England takes from Ireland woollen yarn; linen yarn; great quantities of wool in the fleece; and some tallow。

They have an extraordinary trade for their hides; tallow; beef; butter; &c。; to Holland; Flanders; France; Portugal; and Spain; which enables them to make large remittances。

To the sugar plantations are exported all sorts of clothing; both linen; silks; and woollen; wrought iron; brass; copper; all sorts of household furniture; and a great part of their food。

They return sugar; ginger; and several commodities; and all the bullion and gold they can meet with; but rarely carry out any。

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。 charged on the duty on coals since Lady Day; 1719。                          1;750;000 Ditto; charged on the surplus of the funds for the lottery of 1714        1;250;000 Total due to the Bank of England        10;100;000 (pounds)


Give me leave to observe here; that most of the foreign trade of this town is transacted by brokers; of which there are three sorts; viz。; 1st; Exchange…brokers; 2ndly; brokers for goods and

merchandise; and 3rdly; ship…brokers。

The exchange…brokers; who are versed in the course of exchange; furnish the merchant with money or bills; as he has occasion for either。

The broker of goods lets the merchant know where he may furnish himself with them; and the settled price; or if he wants to sell; where he may meet with a chapman for his effects。

The ship…broker finds ships for the merchant; when he wants to send his goods abroad; or goods for captains and masters of vessels to freight their ships with。

If it be demanded what share of foreign trade London hath with respect to the rest of the kingdom; it seems to have a fourth part of the whole; at least if we may judge by the produce of the customs; which are as three to twelve; or thereabouts。

As to the manufactures carried on in the City of London; here mechanics have acquired a great deal of reputation in the world; and in many things not without reason; for they excel in clock and cabinet…work; in making saddles; and all sorts of tools; and other things。  The door and gun locks; and fire…arms; are nowhere to be paralleled; the silk manufacture is equal to that of France; or any other country; and is prodigiously enlarged of late years。  Dyers also are very numerous in and about London; and are not exceeded by any foreigners in the beauty or durableness of their colours:  and those that print and stain cottons and linens have brought that art to great perfection。  Printers of books; also; may equal those abroad; but the best paper is imported from other countries。

The manufacture of glass here is equal to that of Venice; or any other country in Europe; whether we regard the coach or looking… glasses; perspective; drinking…glasses; or any other kind of glass; whatever。  The making of pins and needles is another great manufacture in this town; as is that of wire…drawings of silver; gold; and other metals。  The goldsmiths and silversmiths excel in their way。  The pewterers and brasiers furnish all manner of vessels and implements for the kitchen; which are as neatly and substantially made and furnished here as in any country in Europe。 The trades of hat…making and shoe…making employ multitudes of mechanics; and the tailors are equally numerous。  The cabinet; screen; and chair…makers contribute also considerably to the adorning and furnishing the dwelling…house。  The common sm
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