Beawes's Lex merc. red.
"We may safely advance, that our trade and navigation are greatly increased by our colonies, and that they really are a source of treasure and naval power to this kingdom, since they work for us, and their treasure centers here. Before their settlement, our manufactures were few, and those but indifferent; the number of English merchants very small, and the whole shipping of the nation much inferior to what now belongs to the northern colonies only. These are certain facts. But since their establishment, our condition has altered for the better, almost to a degree beyond credibility. Our manufactures are prodigiously encreased, chiefly by the demand for them in the plantations, where they at least take off one half, and supply us with many valuable commodities for exportation, which is as great an emolument to the mother kingdom, as to the plantations themselves."
Postlethwait's universal dict. of trade and commerce.
"Most of the nations of Europe have interfered with us more or less, in divers of our staple manufactures, within half a century, not only in our woollen, but in our lead and tin manufactures, as well as our fisheries."
Idem.
"The inhabitants of our colonies, by carrying on a trade with their foreign neighbours, do not only occasion a greater quantity of the goods and merchandizes of Europe being sent from hence to them, and a greater quantity of the product of America to be sent from them thither, which would otherways be carried from, and brought to Europe by foreigners, but an increase of the seamen and navigation in those parts, which is of great strength and security, as well as of great advantage to our plantations in general. And though some of our colonies are not only for preventing the importations of all goods of the same species they produce, but suffer particular planters to keep great runs of land in their possession uncultivated with design to prevent new settlements, whereby they imagine the prices of their commodities may be affected; yet if it be considered, that the markets of Great-Britain depend on the markets of all Europe in general, and that the European markets in general depend on the proportion between the annual consumption and the whole quantity of each species annually produced by all nations; it must follow, that whether we or foreigners, are the producers, carriers, importers and exporters of American produce, yet their respective prices in each colony (the difference of freight, customs and importations considered) will always bear proportion to the general consumption of the whole quantity of each sort, produced in all colonies, and in all parts, allowing only for the usual contingencies, that trade and commerce, agriculture and manufactures are liable to in all countries."
Idem.
"It is certain, that from the very time Sir Walter Raleigh, the father of our English colonies, and his associates, first projected these establishments, there have been persons who have found an interest, in misrepresenting, or lessening the value of them.—The attempts were called chimerical and dangerous. Afterwards many malignant suggestions were made, about sacrificing so many Englishmen to the obstinate desire of settling colonies in countries which then produced very little advantage. But as these difficulties were gradually surmounted, those complaints vanished. No sooner were these lamentations over, but others arose in their stead; when it could be no longer said, that the colonies were useless, it was alledged that they were not useful enough to their mother country; that while we were loaded with taxes, they were absolutely free; that the planters lived like princes, when the inhabitants of England laboured hard for a tolerable subsistence."
Idem.
"Before the settlement of these colonies," says Postlethwayt, "our manufactures were few, and those but indifferent. In those days we had not only our naval stores, but our ships from our neighbours. Germany furnished us with all things made of metal, even to nails. Wine, paper, linens, and a thousand other things came from France. Portugal supplied us with sugar; all the products of America were poured into us from Spain; and the Venetians and Genoese retailed to us the commodities of the East-Indies, at their own price."