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Incorporate themselves; and keep Courts; to confront the

Merchants…Adventurers; which they never did before: To have

drawne the Taring of Cloth into Holland; where the Buyers are in

some sort; Judges & Parties; which before was in the Mart…towne;

where the Seller was present: And lastly to have hastned the

great Imposition in Holland。 All which are matters of moment; and

concerne the Cloth…trade very much; and whereof the English

Factors there residing doe generally complaine: Yet These I

rather instance then urge: leaving the further Overture thereof

to their own relation。

    Now the forreine causes of the decay of the Drapery of

England: are either generall; as the warres in Germany: or

speciall as the great Imposition lately laide upon our Cloth in

Holland。

    By the former; the Course of Trade is stopt and hindered;

that Merchants cannot passe without perill from place to place:

and the monies become so variable; that when a Merchant hath sold

his Cloth; and hopeth to have gained something thereby; by that

time that the terme for payment is expired; he receiveth lesse in

value then the Clothes cost; by the raising and rising of the

monies。

    By the latter; the Merchants of the Netherlands are

discouraged; wherby many of them have given over their trades;

which heretofore they followed in ample manner; unto Muscovy; the

East…Countries and other places; in our English Clothes bought of

the Merchants…Adventurers from time to time。



Cap。 III。



Of governed Trade; and therein of Monopoly。



    Hitherto the Matter of Trade hath beene considered in Money

and Merchandize: the Forme followeth; and that either in respect

of Government; or want of Government in trade。 Government is a

representation of the Majestie and Authoritie of the King。 The

subject that is honoured with Government; is invested with part

of the Kings Honour。 The Trades of this Kingdome which by His

Majesties especiall Grace and Favour are reduced under Order and

Government into Corporations; Companies; and Societies; doe

certainly much Advance and Advantage the Commerce of this

Common…wealth; and farre excell the trades of any other forreine

Merchants in their ungoverned trades。

    But as the Use of Government is excellent for the restraint

of unskilfull and disorderly trade: so the Abuse thereof is as

inconvient; if at any time the same be too strict; and come

within the compasse of a Monopoly。 And because the name and

nature of Monopoly; is more talk't of; then well understood of

many; and some thinke that the reducing of trade into Order and

Government; is a kinde of Monopolizing and restraint of trade: I

have thought it not unseasonable to bestow some specaill paines

in the diligent investigation thereof。 Not that I would have the

trade of the Kingdome; so circumscribed or appropriated to any;

that others of His Majesties subjects should be deprived of the

libertie thereof; but that upon equall and reasonable termes;

trading under Order and Government; without that ill tincture of

Monopoly; the Kings high way of trade should be opened unto all。

    The name therefor of Monopoly in our English tongue; is

derived; as the learned know; of the Greeke word {Greek word

omitted}: whence also the Latine word Monopolium is borrowed。

Some derive it of {Greek word omitted} Solus; & {Greek word

omitted} Versor; to converse alone。 Others of {Greek word

omitted} Solus; and; {Greek word omitted} Civitas; quasi unica

negotiatio in Civitate。 But all these agree in one meaning of the

word; that is Singularis Negotiatio; a diverting of Commerce from

the naturall course and use thereof; into the hands of some few;

to their benefite; and others projudice。 I also find many

definition of Monopolies: and a g reat question among the

Civilans; whether a Monopoly may bee exercised of one alone; and

whether it consist aswell in Locatio Conductio; as they speak; as

in Emptio Venditio。 Which last is out of question with all。 And

of the former I find an instance in Artistotle of Thales Milesius

his Monopoly: who by his knowledge in Astrology; foreseeing one

yeare in the winter; that there would be great plentie of oiles

the next yeare; hired before hand all the places and engines for

making of oile through both the Ilands of Melazo & Chius; and

afterwards let out the same againe at this owne place he maketh

also mention of another; who bought up all the Iron in Sicilia;

which afterwards he sold againe; and made one hundred talents of

that which cost him but fiftie。 Amongst others I will take the

definition of Althusius for all the rest。 Monopolium; saith he;

Est Commercium emendi; vendendi; permutadiue; a pancis veluno

etiam usurpatum; reliquis ciutbus preceptum; quo pretia augetur

cum lucro negotiantis; & reliquorum damno。 That is Monopoly is a

kinde of Commerce; in buying; selling; changing or bartering;

usurped by a few; and sometimes but by one person; and

fore…stalled from all others; to the Gaine of the Monopolist; and

to the Detriment of other men。

    The parts then of a Monopoly are twaine。 The restraint of the

liberty of Commerce to some one or few: and the setting of the

price at the pleasure of the Monopolian to his private benefit;

and the prejudice of the publique。 Upon which two hinges every

Monopoly turneth。 And these two parts are respectively repugnant

to the two fundamental requisites of all good Lawes: to with;

Equity and Utility。 For it against Equity; that one member of a

Common…wealth should be more free; then another of equall ranke

and condition。 And what can be more contrary to Publique Utility;

then that some one or few persons; should sway the price of any

thing usefull to the Common…wealth to their owne enriching; and

the common losse of other men? And here it is to bee well

observed; that unlesse these two parts concurre in a Monopoly: it

cannot truely and properly be so called; nor ought it so to bee

accounted。 And therefore Althusius following Decianus; saith well

of that restraint of the common liberty; which we call Suit of

Mill: which compelleth men to use this or that Mill to grinde

corne; and none other: that it doth only Sapere Monopolium;

Savour of Monopoly: but that it is not truely and properly a

Monopoly。 For that case of Suit of Mill; unlesse there be a

greater tolle or recompence exacted for grinding; then at other

Milles; it falleth onely within the first part of a Monopoly; to

wit; of the restraint of the publicke liberty; but not within

compasse of the other part; the setting of the price。 but for

this restraint of the publique liberty of Commerce; it may be so

ordered by the wisedome of the State; that it may be both Lawfull

and Beneficiall to the Common…wealth。 Which assertion; because it

may seeme strange to some; I will make evident by good Authority

and Examples。 Peter Martyr that famous light of the Churches of

the Gospell; defendeth the restraint of Solomon; that none shold

buy Horses of Egypt without his licence; to be Lawfull。 And of

this kinde is the Preemption of Tinne here in England; granted by

His Majesties gracious letters Patents do somefew; with restraint

of all others: which I dare boldly affirme is not onely Lawfull;

but very Beneficiall also to this Commonwealth。 For thereby our

Thrice Noble Prince receiveth a good revenue; and the Tinne of

this Land is sold for many thousand pounds a yeare more in

Forrein parts; then otherwise it would; to the great increase of

the Common stocke of this Kingdome。 Also the Law of this Realme

alloweth; that if any man invent a new Art; beneficiall to the

Common wealth; he may have a Patent to use that Arte soley; with

restraint of all others for seven years: as well in recompence of

his industry; as for the incouragement of others; to study and

invent things profitable for the publique symbiosis。 The Statues

of the Kingdome restraine from the exercise of sundry Crafts; all

such as have not served an apprentishood unto the art which they

would exercise: to the ende that those artes might be brought to

better perfection; and the things made; might be good and

serviceable for those that buy and use them。

    The restraint of the Publique Liberty; is sometimes exercised

by 

Private Authority: sometimes by Publique。 Which distinction is

made by the Emperour Zeno。 Iubemus ne quis prosua authoritate;

vel sacro elicito rescripto; etc。 Monopolium audeat exercere。

    The former; is practised when any one or more; have by their

owne private contracts; gotten any Commoditie or matter of

Commerce; wholly into their owne hands。 Of this kinde are the

examples above cited out of Aristotle。

    The latter; is when by Publique Authority; the liberty of the

subject is restrained: which is done; sometimes by the

Prerogative of the King: sometimes by Act of Parliament。

    The former; by dispensing with a generall Law in some point;

and applying the dispensation to some one or fewe; with restraint

of others。 The latter; by prohibiting all; but some one or few

persons to use the benefit of the Law in some point or other。


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