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ID	Title	Author	Corrected Date of Publication (TCP Date of Publication)	STC	Words	Pages
A37552	The petition and remonstrance of the governovr and Company of merchants of London trading to the East-Indies, exhibited to the Right Honourable the Lords and Commons, in the high court of Parliament assembled	East India Company.; England and Wales. Parliament.	1641 (1641)	Wing E100F; ESTC R31404	16,173	38

England and housed to export the same at the best time for vent thereof in Spaine or Italy it cannot yeeld lesse in those parts then two hundred thousand pounds to make the Merchant but a faver yet by this reckoning we see the Kingdome hath doubled that Treasure AGaine this profit will be far greater when we Trade thus with our money in remote The trade to the East Indies in its proportion is the best trade and meanes wee have to increase our Treasure Countries as for example if we send one hundred thousand pounds into the East-Indies to buy Pepper there and bring it hither and from hence send it for Italy or Turky it must yeeld five hundred thousand pounds at least in those places in regard of the excessive charge which the Merchant disburseth in those long voyages in shipping wages victuals insuirance interest customes imposts and the like all which charges notwithstanding the King and the Kingdome gets And we may here observe that as the publike profit by forraigne Trade is the onely meanes whereby we gaine our Treasure So this Trade to the East-Indies in its proportion doth far excell all others THe third example is where the voyages are short and the wares rich which therefore will not imploy much shipping the profit to the Kingdome wil be far lesse as when an other hundred thousand pounds shall be imployed in Turky in raw silkes and brought hither to be after transported from hence into France the Low-Countries or Germany the Merchant shall have good gaine although he sell it there for one hundred and fifty thousand pounds and thus take the voyages all together in their Medium the ready monies exported wil be returned unto us neer trebled But if any man will yet object that these returnes come to us in wares and not really in monies as they were issued out THe answer is keeping our first ground that if our consumption of forraign wares be no more yearely then is already supposed and that our exportations be so mightily encreased by this manner of Trading with ready money as is before declared it is not then possible in the course of trade but that all the over-ballance or difference should returne either in money or in such wares as we must export againe which as is already plainely shewed will be still a greater meanes to increase our Treasure For it is in the stocke of a Kingdome as in the estates of private men who having store of wares doe not therefore say that they will not venture out or trade with their money for this were ridiculous but doe also turne that into wares whereby they multiply their money and so by a continuall and orderly change of one into the other grow rich and when they please turne all their estates into Treasure for they that have wares cannot want money and therefore the former objection is not considerable for what begot the monies which we sent out but our wares NEither is it said that money is the life of Trade as if it could not subsist or passe currant without the same for we know that there was great Trading by way of Commutation or Barter when there was little Money stirring in the world The Italians and some other Nations have such remedies against this want that it can neither decay nor hinder their Trade for they transferre Bils of Debt and have other wayes whereby they assigne their Credits from one to an other daily for very great summes with ease and satisfaction by Writing onely whilst in the meane time the Masse of Treasure which gave foundation to those Credits is imployed in forraine Trade as a merchandize which doth much increase Money inlargeth Trade and Trade increaseth money their trafficke It is not therefore the keeping of our Money in the Kingdome which makes a quicke and ample trade but the necessity and use of our Wares in forraigne Countries and our want of their Commodities which causeth the Vent and consumption on all sides WEe must not here forget the practise of the great Duke of Tuscany in his Port of Leghorne which of late yeares from a poore towne is become a faire City and one of the most famous places for trade in Christendom by the resort of many Nations but most especially by the English and Dutch with Merchandize to a very great valew yearely and yet it is worthy observation that the multitude of Ships and wares which come thither have little or no meanes to make their returnes from thence but onely in ready money which they may and doe carry away freely at all times and without Custome and such charges to the incredible advantage of the said Duke of Tuscany and his Subjects who are much inriched by the continuall great concourse of Merchants from all the States of the neighbour Princes bringing them plenty of money daily to supply their wants of the said wares And thus we see that the Current of Merchandise which carries away their Treasure becomes a flowing streame to fill them againe in a greater measure with money THe example of this growing greatnesse hath lately moved the Duke of Savoy publickely to declare his Princely resolution to all Nations offering them many priviledges and immunities that shall come to Trade in his free Port of Vila Franca and especially a liberty to carry away ready monies for all the Wares they bring or other occasions and yet we know that neither in Tuscany or Savoy are any Mines or monies more then they have and doe daily get by Trade but they know likewise that if we yearely bring them wares although for a very great valew the money will immediately follow for let no man doubt but that money must ever attend on Merchandize for they goe together and it is worthy the noting that those Princes are content to part with their treasure only to enjoy the trade of the wares which are brought them for which to encourage the Merchant they take no Custome whereas we by sending out our money doe gaine the imployment of our shipping the Trade of the wares and the profit of the Customs which is a treble benefit THere is yet an objection or two as weake as all the rest The first is that if we trade with our money we shall issue out the lesse wares as if a man should say those Countries which heretofore had occasion to consume our Cloath Lead Tynne Iron Fish and the like shall now make use of our monies in the place of those necessaries which to affirme were most absurd or that the Merchant had not rather carry out wares by which there is ever some gaines expected then to export money which is still but the same without any encrease BUt on the contrary there are many Countries which may yeeld us very large and profitable Trafficke for our money that otherwise afford us no trade at all because they have no use of our wares as namely the East-Indies for one in the first beginning thereof although since by industry in our Commerce with those Nations we have brought them into the use of much of our Cloath Lead and other things which is a good addition to the former vent of our Commodities AGaine some men have alledged that those Countries which permit money to be carried out doe it because they have few or no wares to trade withall but we have great store of Commodities and therefore their action ought not to be our example TO this the answer is briefly That if wee have such a quantity of wares as doth fully provide us of all things needfull from beyond the Seas why should we then doubt that our monies sent out in trade must not necessarily come back again in Treasure together with the great gains which it may procure in such manner as is before set down and on the other side if those Nations which send out their monies do it because they have few wares of their owne how come they then to have so much treasure as we ever see in those places which suffer it freely to be exported at all times and by whom so ever We answer even by trading with their monies For by what other means can they get it having no mines of Gold or Silver THus may wee plainely see that when this waighty businesse is duely considered in its end as all our humaine actions ought well Our humane actions ought especially to be considered in their ends to be weighed it is found much contrary to that which most men esteeme thereof because they search no further then the beginning of this worke which mis-informes their judgements and leads them into errour For if wee onely behold the actions of the Husbandman in the seed time when he cas●eth away much good corne into the ground we will rather account him a mad man then a Husbandman but when we consider his labours in the Harvest which is the end of his indeavours We find the worth and plentifull increase of his actions Honour Whether it be not an honour sutable to the Majestie of so great a King and Kingdome WE have endeavoured upon all the former Quaeres to be as briefe as conveniently we might without obscurity now upon this last poynt there will be no occasion at all to inlarge for when it shall be found that the trade to the East-Indies is so good a meanes to increase our strength wealth safety treasure and that those discoveries have spread his Majesties fame into Persia Iapan China the Dominions of the great Magull and many other remote Nations of the Easterne world there will be no deniall but that these great blessings are so precious and honorable both to the King and his Kingdomes that they ought to be preserved with our best endeavours against the strongest opposition And for conclusion the East-India Companie doe humbly declare unto your Lordships and the honorable House of Commons that they have not made their Petition and this Remonstrance for their own private ends but for the publike good And even so having performed their duties they hope it shall be their sufficient discharge in all future times concerning the Suppressing or Supporting of the said Trade FINIS