The Industrial Revolution

Bibliographic data

Monograph

Identifikator:: 1027928145

URN:: urn:nbn:de:zbw-retromon-159926

Document type:: Monograph

Author:: Cunningham, William http://d-nb.info/gnd/128907487

Title:: The Industrial Revolution

Place of publication:: Cambridge

Publisher:: The University Press

Year of publication:: 1922

Scope:: xxii S., S. 404-886

Digitisation:: 2021

Collection:: Economics Books

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PARLIAMENTARY COLBERTISM 4D.1689 them better able to compete with the Dutch in foreign trades oe 2, 2d to hold their own in English undertakings as well. The as had Bank would “furnish factors in England with credit to pay been antict- vated, to custom and charges of a great cargo of goods, which may bo of Groat on a sudden be consigned to them; for many times such English factors may be of a good estate and credit, yet have not always a great cash lying by them for such uses (though the Dutch are seldom without it) therefore may often times be forced to strain their credit, to take up money at interest or sell all, or part with such goods at under-rate for want thereof, which may be a great prejudice to them- selves, and loss to their principals; and is believed, causeth many such great commissions to be carried from the English and consigners to the Dutch residing in England, to their great benefit and advantage, and loss and prejudice of the English Nation * * * *. They will furnish many young men with Stock, that have, by their industry and well spent time and travels in their apprenticeships gained good ex- perience in foreign traffic, but when they are come to be for themselves, wanting stock, friends or credit to begin to trade with (being commonly younger brothers)? are thereby much discouraged, and thinking to drive away such discontent, do often-times fall into bad company and take ill courses, to the atter ruine of their hopes and fortunes, which otherwise might have made good Commonwealths-Men, which is the greatest reason why so few young men, out of so many entertained, do come to good. - “They will preserve many good men from failing and losing their credit; for instead of losing by trade they will A furtherance of trade, by holding correspondence with each other, that which I do sot apprehend or know any way better to equal the Dutch in trade, both at home and abroad, in buying and selling all sorts of commodities, and making quick returns, and also so much exceed them, as by far this land lies more convenient tor trade than theirs doth, and will also suddenly inrich the people, and increase and maintain the maritime power and strength thereof.” 8. Lambe. Seasonable Observations, in Somers Tracts, VI. 457. i Lambe, Somers Tracts, Vi. p. 456. 2 Dutch tradesmen were in the habit of dividing their money equally among their children so as to give all a start in life; while an English tradesman was likely to give ‘mean portions” to his younger sons and make the eldest « possessor of the greatest part of his estate, who addicts himself often-times to the pleasures of Hunting, Hawking and such like pastimes, betaking himself wholly to a Country Life,’”’ Ib. p. 453.

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