The Maintenance of Free Trade

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第6章

The Maintenance of Free Trade 佚名

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The Maintenance of Free Trade
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  HenceariseththefacilitieoftheRemedie,bytheReformationofexchange,incausingthevalueofourmoneytobegiveninexchange,whichcuttethoffthesaidGaine,hadbythesaidexportation,andcauseth(ineffect)thattheforraineCoynebeyondtheSeas,shallnotbereceivedabovethevalue,althoughtheinhauncingtherefore,ortheimbasingbyallaywerealteringcontinually。Fortakeawaythecause(Gayne)andtheeffectwillcease。

  Allmenofcommonunderstanding,whentheydoeheareoftheraisingofmoneysbeyondtheSeas,arereadytosay,wemustdoethelike;fortheyconceivethesayingofCato,Tuquoquefacsimilie,sicArsdeluditurArte,tobeaproperapplicationhereunto:buttheydoenotenterintoconsideration,whatAltherationsitwouldbringtotheState,andthatthemattermightrunne,Adinfinitum,asshallbedeclared。

  Butletussuppose,thatthiswillbeasufficientRemedy,toinhaunceourmoneys,astheydoetheirs,toimbaseourCoyne,astheydoetheirs,andtoimitateovervaluationandundervaluationofGoldandSilver,astheydoe,requiringacontinualllaboure,charge,andinnovation;isitnotanexcellentthingthatallthiscanbedonebythecourseofexchange,withgreatfacilitie?Andthatwithoutinhauncingofourmoneysathome,ormedlingwiththeweightandfinenesseoftheStarlinStandard?

  ThisistobedoneonlybyhisMajestiesProclamationaccordingtotheStatutesofexchanges,prohibitingthatafterthreemonethsnextensuingthesame,nomanshallmakeanyexchangesbyBillsorotherwise,formoneystobeepaiedinforraineparts,ortoberechargedtowardsthisRealmeunderthetruePar,orvalueforvalueofourmoneys,andthemoneysofotherCountriesinweightandfinenesse,butatthesaidRate,orabovethesame,asMerchantscanagree,butneverunderthesaidRate:whichshallbedeclaredinapaireofTablespublikelytobeseeneupontheRoyallExchangesinLondon,accordingtothesaidProclamation,andthesaidTableshallbealteredinprice,asoccasionsshallbeministredbeyondtheSeas,inthegenerallRespectiveplacesofexchanges,eitherbytheirinhauncingofmoneysbyvaluation,orbyimbasingofthesamebyAllay;whichbyavigilanteyemaybeobserved,andwillbeacausetomakeothrNationsmoreconstantinthecourseoftheirmoneys。Andthiswillbeexecutedmoreorcourse,thenbyAuthority;becuaseGainedothbeareswayandcommandwithmostmen。

  ThefacilitiehereofputtethmeinmindeoftheGeometricallAxiomorMaxime,observedincommedationoftheinventionofroundWheeles,CirculustangitPlanum,unicopuncta,asareasontodrawandcarryLoadswithasmallstrength;whereasiftheyhadbeenmadesquare,oranyotherPoly-angleandproportion:

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