Ebook wait

This," they say, "threatens the destruction of that
valuable branch of national commerce." And then they recommend _such
regulations_ (as if regulations in that state of things could be of any
service) as may obtain "a profit in future, instead of so considerable a
loss, which _we can no longer sustain_."
Your Committee thought it necessary to inquire into the losses which had
actually been suffered by this unnatural forced trade, and find the loss
so early as the season of 1776 to be 77,650_l._, that in the year 1777
it arose to 168,205_l._ This was so great that worse could hardly be
apprehended: however, in the season of 1778 it amounted to 255,070_l._
In 1779 it was not so ruinously great, because the whole import was not
so considerable; but it still stood enormously high,--so high as
141,800_l._ In the whole four years it came to 642,725_l._ The
observations of the Directors were found to be fully verified. It is
remarkable that the same article in the China trade produced a
considerable and uniform profit.


Pages:
127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151