England's treasure by forraign trade, or, The ballance of our forraign trade is the rule of our treasure written by Thomas Mun ; and now published for the common good by his son John Mun.
Mun, Thomas, 1571-1641., Mun, John.

CHAP. XV. Of some Excesses and evils in the Com∣monwealth, which notwithstanding decay not our Trade nor Treasure.

IT is not my intent to excuse or extenuate any the least excess or evil in the Commonwealth, but rather highly to approve and commend that which by others hath been spoken and written against such abuses. Yet in this discourse of Treasure, as I have already set down affirmatively, Page  143 which are the true causes that may either augment or decrease the same: so is it not impertinent to continue my negative declara∣tions of those enormities and acti∣ons which cannot work these ef∣fects as some men have supposed. For in redress of this important business, if we mistake the na∣ture of the Malady, we shall ever apply such cures as will at least delay, if not confound the Remedy.

Let us then begin with usury, which if it might be turned into Charity, and that they who are Rich would lend to the poor free∣ly; it were a work pleasing to Almighty God, and profitable to the Commonwealth. But ta∣king it in the degree it now stands; How can we well say, That as usury encreaseth, so Trade decreaseth?Page  144 For although it is true that some men give over trading, and buy Lands, or put out their Money to use when they are grown rich, or old, or for some other the like occasions; yet for all this it doth not follow, that the quantity of the trade must lessen; for this course in the rich giveth opportu∣nity presently to the younger & poorer Merchants to rise in the world, and to enlarge their dealings; to the performance whereof, if they want means of their own, they may, and do, take it up at interest: so that our money lies not dead, it is still traded. How many Mer∣chants, and Shop-keepers have begun with little or nothing of their own, and yet are grown ve∣ry rich by trading with other mens money? do we not know, that when trading is quick and Page  145 good, many men, by means of their experience, and having cre∣dit to take up money at interest, do trade for much more than they are worth of their own stock? by which diligence of the industrious, the affairs of the Common-wealth are increased, the moneys of Widows, Orphans, Lawyers, Gentlemen and others, are employed in the course of Forraign Trade, which themselves have no skill to perform. We find at this present, that notwith∣standing the Poverty we are fallen into by the Excesses and Losses of late times, yet that many men have much money in their chests, and know not how to dispose thereof, because the Merchant will not take the same at interest (although at low rates) in regard there is a stop of trade in Spain and Page  146 in France, whereby he cannot em∣ploy his own meanes, much lesse other mens moneys. So that for these, and some other reasons which might be alledged, we might conclude, contrary to those who affirm, that Trade decrea∣seth as usury encreaseth, for they rise and fall together.

In the next place, we hear our Lawyers much condemned; the vexation and charges by multi∣plicity of Sutes do exceed all the other Kingdomes of Christendome, but whether this proceed from the Lawyers Covetousness, or the Peoples Perverseness, it is a great question. And let this be as it may, I will enquire no farther therein than our present discourse doth require, concerning the de∣cay of our Trade, and impoveri∣shing of the Kingdom: Sure I am, Page  147 that Sutes in Law make many a man poor and penniless, but how it should make us trade for less by one single penny, I cannot well conceive. For although amongst the great number of them who are vexed and undone by contro∣versies, there be ever some Mer∣chants; yet we know, that one mans necessity becomes another mans opportunity. I never knew as yet, a decay in our Trade and Treasure for want of Merchants, or Means to employ us, but rather by excessive Consumption of Forraign Wares at home, or by a declination in the vent of our Commodities abroad, caused ei∣ther by the ruinous effects of Wars, or some alterations in the times of Peace, whereof I have spoken more fully in the third Chapter. But, to conclude with Page  148 the Lawyers, I say, that their no∣ble Profession is necessary for all, and their Cases, Quillets, De∣layes and Charges, are mischie∣vous to many; these things in∣deed are Cankers in the Estates of particular men, but not of the Common-wealth, as some sup∣pose, for one mans loss becomes another mans gain, it is still in the Kingdome, I wish it might as surely remain in the right pla∣ces.

Lastly, all kind of Bounty and Pomp is not to be avoided, for if we should become so frugal, that we would use few or no Forraign wares, how shall we then vent our own commodities? what will become of our Ships, Mari∣ners, Munitions, our poor Artifi∣cers, and many others? doe we hope that other Countreys will Page  149 afford us money for All our wares, without buying or barter∣ing for Some of theirs? this would prove a vain expectation; it is more safe and sure to run a mid∣dle course by spending moderate∣ly, which will purchase treasure plentifully.

Again, the pomp of Buildings, Apparel, and the like, in the No∣bility, Gentry, and other able persons, cannot impoverish the Kingdome; if it be done with cu∣rious and costly works upon our Materials, and by our own peo∣ple, it will maintain the poor with the purse of the rich, which is the best distribution of the Common-wealth. But if any man say, that when the people want work, then the Fishing∣trade would be a better employ∣ment, and far more profitable; I Page  150 subscribe willingly. For in that great business there is means enough to employ both rich and poor, whereof there hath been much said and written; It re∣steth only that something might be as well effected for the honor and wealth, both of the King and his Kingdoms.