Chapter 23 - Page 2

trade, as those colonies are on all such occasions esteemed as a branch of part of ourselves, and of the British government in the world.

This trade to our West Indies and American colonies, is very considerable, as it employs so many ships and sailors, and so much of the growth of those colonies is again exported by us to other parts of the world, over and above what is consumed among us at home; and, also, as all those goods, and a great deal of money in specie, is returned hither for and in balance of our own manufactures and merchandises exported thither--on these accounts some have insisted that more real wealth is brought into Great Britain every year from those colonies, than is brought from the Spanish West Indies to old Spain, notwithstanding the extent of their dominion is above twenty times as much, and notwithstanding the vast quantity of gold and silver which they bring from the mines of Mexico, and the mountains of Potosi.[38]

Whether these people say true or no, is not my business to inquire here; though, if I may give my opinion, I must acknowledge that I believe they do; but be it so or not, it is certain that it is an infinitely extended trade, and daily increasing; and much of it, if not all, is and ought to be esteemed as an inland trade, because, as above, it is a circulation among ourselves.

As the manufactures of England, particularly those of wool (cotton wool included), and of silk, are the greatest, and amount to the greatest value of any single manufacture in Europe,[39] so they not only employ more people, but those people gain the most money, that is to say, have the best wages for their work of any people in the world; and yet, which is peculiar to England, the English manufactures are, allowing for their goodness, the cheapest at market of any in the world, too. Even France itself, after all the pains they are at to get our wool, and all the expense they have been at to imitate our manufactures, by getting over our workmen, and giving them even greater wages than they had here, have yet made so little proficiency in it, and are so far from outselling us in foreign markets, that they still, in spite of the strictest prohibitions, send hither, and to Holland and Germany, for English broad-cloths, druggets, duroys, flannels, serges, and several other sorts of our goods, to supply their own. Nor can they clothe themselves to their satisfaction with their own goods; but if any French gentleman of quality comes over hither from France, he is sure to bring no more coats with him than backs, but immediately to make him new clothes as soon as he arrives, and to carry as many new suits home with him at his return, as he can get leave to bring ashore when he comes there--a demonstration that our manufacture exceeds theirs, after all their boasts of it, both in goodness and in cheapness, even by their own confession. But I am not now to enter upon the particular manufactures, but the general trade