The Maintenance of Free Trade

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第5章

The Maintenance of Free Trade 佚名

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The Maintenance of Free Trade
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  SupposethatsomeMerchantsStrangersdoecomeoverintotheRealme,tobuyaPackeofTenneClothesvaluedat80poundsstarlinwhichtheyaretopayinGoldandSilver,andyettheydoenotknow,whattheweightandfinenesseofourStarlinmoneyis,neitherdoththeEnglishMerchantsknowtheweightandfinenessoftheforraineCoyne,whichtheyhavebroughtover:

  hereupontocontentbothparties,themoneyesoneithersidemustbeetriedbytheSubtillAssayaccordingtotheirfinenesse,calculateduponthepoundweighttheyanswereachotheraccordingly;andsothisnegotiationis(ineffect)butaPermutationofmonyesforCommodities,beforeexchangewasinvented。

  Thisbeingnotwellobserved,mightcausementobedeceived,asthePewterer(sometimesanAldermanofLondon)was,whobeeingusedtochangeoldPewterfornew,takingaconsiderationforthefashion,wouldtakethelikecourseinthebuyingofSilverPlateofaGoldsmith,deliveringhismoneybyweight,wherebyhesustainedalosse,becauseheediddeliverhimaquanityofoldgroates,whichwerelighterthentheirvalue;asalsootherStarlinmoneys,whichwereworneoutincontinuanceoftime,andmuchundertheirtrueweight。Andboastingofhisgoodbargaine,heewasmadetocalculatewhatanounceofsilverdidstandhim,andhefoundthatbythesemeanes,hehadpaide6

  shillingstheounceofthat,whichwasoffereduntohimfor5

  shillings,6pence。Fallerefallentemnoestfraus。

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