English Economic History: Select Documents

by Unknown

Now for the trial hereof, considering that in the articles of the society of the adventurers in this voyage there is provision made that no adventurer shall be bound to any further charge than his first adventure, and notwithstanding keep still to himself, his children, his apprentices and servants, his and their freedom for trade and traffic, which is a privilege that adventurers in other voyages have not; and in the said articles it is likewise provided that none other than such as have adventured in the first voyage, or shall become adventurers in this supply, at any time hereafter are to be admitted in the said society, but as redemptionaries, which will be very chargeable; therefore, generally, I say unto all such, according to the old proverb. "Nothing venture, nothing have" ...

The sixth chapter sheweth that the traffic and planting in those countries shall be unto the savages themselves very beneficial and gainful....

... First and chiefly, in respect of the most happy and gladsome tidings of the most glorious gospel of our Saviour Jesus Christ, whereby they may be brought from falsehood to truth, from darkness to light, from the highway of death to the path of life, from superstitious idolatry to sincere Christianity, from the devil to Christ, from hell to heaven. And if in respect of all the commodities they can yield us (were they many more) that they should but receive but this only benefit of Christianity, they were more than fully recompensed.

But hereunto it may be objected that the Gospel must be freely preached, for such was the example of the apostles.... Yet for answer we may say with St. Paul: If we have sown unto you heavenly things, do you think it much that we should reap your carnal things? And withal, The workman is worthy of his hire. These heavenly tidings which those labourers our countrymen (as messengers of God's great goodness and mercy) will voluntarily present unto them, do far exceed their earthly riches....

[310] Gilbert was drowned in the "Squirrel" on September 9th, 1583. The above document purports to have been written after the return of the "Golden Hind," but before the loss of the "Squirrel" was certainly known.

13. Lord Burghley To Sir Christopher Hatton on the State of Trade [Sir H. Nicholas, Memoirs of Sir Christopher Hatton, pp. 470-2], 1587.

To the Lord Chancellor.

My Lord,

I am sorry that my pains are such as I cannot attend on you to-day in the Star Chamber, having yesterday, by more zeal of service in the Exchequer Chamber than of regard to my harms, so weakened and pained my leg, as I cannot stir it out of my bed; but this my declaration of my state is to no purpose to occupy your Lordship withal. This great matter of the lack of vent, not only of clothes, which presently is the greatest, but of all other English commodities which are restrained from Spain, Portugal, Barbary, France, Flanders, Hamburgh, and the States, cannot but in process of time work a great change and dangerous issue to the people of the realm, who, heretofore, in time of outward peace, lived thereby, and without it must either perish for want, or fall into violence to feed and fill their lewd appetites with open spoils of others, which is the fruit of rebellion; but it is in vain to remember this to your Lordship, that is so notorious as there need no repetition thereof. The evil being seen and like daily to increase beyond all good remedies, it is our duties that are Councillors to think of some remedies in time, before the same become remediless; and briefly the best means of remedy must follow the consideration of the causes of this evil, and so contrariis contraria curare. The original cause is apparently the contentions and enmities betwixt the King of Spain and his countries, and her Majesty and her countries. The reduction hereof to amity betwixt the Princes, and to open traffic according to the ancient treaties of intercourse, would be the sovereign remedy; but this may be wished sooner than speedily effectuated. But yet, seeing there is a signification notified of the good inclination of both the Princes, and a great necessity to press them both thereto for the suagement of their people, it were pity any course should be taken either to hinder this or not to hasten it, which surely in the Low Countries would be done, with whatsoever a reasonable cost may be, to keep the enemy from victuals, and to withstand his enterprises against our friends until this next harvest; and by this proceeding against him, there is no doubt but he will yield to all reasonable conditions meet both for her Majesty and her protected friends; otherwise, if the good fortune of our friends do decay, and the enemy recover that which he now lacketh, that is store of victuals, he will either underhand make peace with our friends, whom he shall find both weak and timorous, and leave her Majesty in danger for recovery of all that she hath spent, and in greater charges to maintain her two cautionary towns against the whole Low Countries than two Boulognes were, or else he will, being puffed with pride, make a very Spanish conquest of Holland and Zealand,—a matter terrible to be thought of, but most terrible to be felt. But to insist upon this remedy is as yet in vain, and therefore such other poor helps are to be thought of as may somewhat mitigate the accidents present, and stay the increase thereof, whereof when I do bethink myself, I find no one simple remedy, but rather compounded of divers simples, and to say truly they are but simple remedies, until peace may ensue, which is the sovereign sole medicine of all. To have vent increase, there must be more buyers and shippers than there are, and seeing our merchants say that they cannot have sales sufficient,

1. It were good that the Steelyard men were licensed to trade as they were wont to do, with condition upon good bonds that our merchants adventurers shall have their former liberties in Hamburgh;