SOMMERCIAL RELATIONS WITH FRANCE AND PORTUGAL 459 of smuggling which was developed under this system of AD, 10s) prohibition, the measure was generally regarded as suc- ’ cessful in its object of securing the home market to British Pepi manufacturers of textile goods. The Act of 1678 was spoken Fro . . . . rade. of as marking an era in the history of English commerce?; ' and it undoubtedly denotes the time when the English com- mercial system began to be consciously shaped in the form in which it was successfully attacked by Adam Smith. From the Revolution till the revolt of the colonies, the regulation of commerce was considered, not so much with reference to other elements of national power, or even in its bearing on revenue, but chiefly with a view to the promotion of industry. This is illustrated very clearly in the attitude which was and the -_ ee u securing taken by the British public in regard to two of the com- of the . . . 5 mercial treaties of the time. There had been days when re wool, or undressed cloth, had been the chief commodities of cloth English export, but eighteenth century statesmen were more roncerned in trying to secure a better market for finished cloth. This was the aim of Mr Methuen, in carrying through the much vaunted treaty with Portugal, which was concluded in 1703. All those who were interested in the widely diffused manufacture of English cloth, regarded the negotiations as most successful, since they served to reopen a market which had been partially closed. During the preceding twenty years, the Portuguese, in the hope of fostering a native manufacture, had prohibited all importation of English cloth2. Mr Methuen was sent as a special ambassador to Portugal and intimated that it would be very acceptable to France. “Forasmuch as your Majestyes upon just and honourable grounds have beene pleased to declare actuall Warr with France and to enter into Severall Confederacies for carrying on the same and that it hath beene found by long sxperience that the Importing of French Wines, Vinegar, Brandy, Linnen, Silks, Salt, Paper and other the Commodities of the Growth, Product or Manufacture of Frapce or of the Territories or Dominions of the French King hath much sxhausted the Treasure of this Nation lessened the Value of the native Com- wodities and Manufactures thereof and greatly impoverished the English Artificers and Handycrafts and caused great detriment to this Kingdome in generall Bee it herefore enacted” ete. t Smith, Memoirs of Wool, 1. 325. 2 British Merchant, mt. 82. This Portuguese manufacture appears to have peen due to the energy of an Irishman in 1680 who took a band of artisans over ith him and established the trade.