Life of Adam Smith eBook

John Rae (educator)
This eBook from the Gutenberg Project consists of approximately 551 pages of information about Life of Adam Smith.

Life of Adam Smith eBook

John Rae (educator)
This eBook from the Gutenberg Project consists of approximately 551 pages of information about Life of Adam Smith.
denied to her by nature; and though her Soil and Climate are perfectly suited for raising the Latter, yet to raise it to the same degree as in England will require more than a Century.  I perfectly agree with your Lordship too that to Crush the Industry of so great and so fine a Province of the Empire in order to favour the monopoly of some particular Towns in Scotland or England is equally injurious and impolitic.  The general opulence and improvement of Ireland must certainly, under proper management, afford much greater Resources to Government than can ever be drawn from a few mercantile or manufacturing Towns.

     Till the Irish Parliament sends over the Heads of their
     proposed Bill, it may perhaps be uncertain what they
     understand by a Free Trade.

They may perhaps understand by it no more than the power of exporting their own produce to the foreign country where they can find the best mercate.  Nothing can be more just and reasonable than this demand, nor can anything be more unjust and unreasonable than some of the restraints which their Industry in this respect at present labours under.  They are prohibited under the heaviest penalties to export Glass to any Country.  Wool they can export only to Great Britain.  Woolen goods they can export only from certain Ports in their own Country and to certain Ports in Great Britain.
They may mean to demand the Power of importing such foods as they have occasion for from any Country where they can find them cheapest, subject to no other duties and restraints than such as may be imposed by their own Parliament.  This freedom, tho’ in my opinion perfectly reasonable, will interfere a little with some of our paltry monopolies.  Glass, Hops, Foreign Sugars, several sorts of East Indian goods can at present be imported only from Great Britain.
They may mean to demand a free trade to our American and African Plantations, free from the restraints which the 18th of the present King imposed upon it, or at least from some of those restraints, such as the prohibition of exporting thither their own Woolen and Cotton manufactures, Glass, Hatts, Hops, Gunpowder, etc.  This freedom, tho’ it would interfere with some of our monopolies, I am convinced, would do no harm to Great Britain.  It would be reasonable, indeed, that whatever goods were exported from Ireland to these Plantations should be subject to the like duties as those of the same kind exported from England in the terms of the 18th of the present King.
They may mean to demand a free trade to Great Britain, their manufactures and produce when Imported into this country being subjected to no other duties than the like manufactures and produce of our own.  Nothing, in my opinion, would be more highly advantageous to both countries than this mutual freedom of trade.  It would help to break down that absurd monopoly which
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Life of Adam Smith from Project Gutenberg. Public domain.