America is the only country in the world where, with respect to the wages of labour, and the produce of industry, money is of less value than in England. The Americans will then be able to afford to purchase English goods, when other nations will not; but then, they will only purchase such articles as cannot be had elsewhere; for though they may and will continue able to purchase, they will not do it if they can get goods that suit them elsewhere. {206}
No country, that we read of in history, ever enjoyed equal advantages with the American states; they have good laws, a free government, and are possessed of all the inventions and knowledge of the old world. Arts are now conveyed across the Atlantic with more ease than they formerly were from one village to another. It is possible, that a new market of so great an extent being opened may do away those jealousies of commerce, which have, for these two or three last centuries, occasioned many quarrels, and which are peculiarly dangerous to a nation that has risen high above its level.
All those things, with care and attention, will prove advantageous to Britain in a superior degree. They afford us much reason for hope and comfort, and do away one of the causes for fearing a decline that has been stated, namely, the being supplanted by poorer nations, or by not having a market for our increasing manufactures.
There remains yet another consideration in favour of Britain, as a manufacturing and a commercial country; for, as such, we must view it, reckoning more on industry than on the ideal wealth of our colonies in the West, and our conquests in the East. It is this, we are the
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{206} England begins already to lose the market for linen-cloth, window-glass, fire-arms, and a number of other articles. It would have entirely lost that of books, if any nation on the continent of Europe could print English correctly. As, it is, they are printing in America, in place of our keeping the trade, which we might have done with great profit and advantage.
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latest of European nations that has risen to wealth by commerce and manufactures. In looking over the map, there does not seem to be any one to supplant us; all those, who have great advantages, have already gone before, and, till we see the example of a country renewing itself, we have a right to disbelieve that it is possible.
Russia is the only country in Europe that is newer than England, and many circumstances will prevent it from becoming a rival in commerce. It does not, nor it ever can increase in population, and carry civilization and manufactures to the same point. Though, very new, as a powerful European nation, the people are as ancient as most others in Europe; the territory is so extensive, the climate so cold, and the Baltic Sea so much to the north, and frozen so many months in the year, that it never will either be a carrying or a manufacturing country. To cultivate its soil, and export the produce of its mines, the skins, tallow, hides, timber, &c. &c. will be more profitable, and suit better the inhabitants than any competition in manufactures.