Observations on the Means of Exciting a Spirit of National Industry Volume 2; Chiefly Intended to Promote the Agriculture, Commerce, Manufactures, and - Softcover

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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated.1779 Excerpt: ... every attempt to do this, as it is at the fame time foolish and unjust, must end in the disappointment of its projector, and prove, detrimental to the interests of those very persons it was most intended to serve. We have already had occasion to see this maxim confirmed by many examples. Nor is it difficult to foresee, that this instance will soon furnish another, if the policy adopted should be continued for some time: for if grain, by this means, should be kept up at a" high rate for a few years, many men would be induced to take farms at a pretty advanced rent, in the hopes of its continuing, and would exert themselves as much as possible to rear abundance of corn. By this means, with ordinary seasons, more corn will be reared than the people of the country can consume;--the markets will be overstocked;--prices will be reduced extremely;--these tenants will be unable to pay their rents;--and the proprietors, and the country in general, be reduced to a much worse state than if no such law had ever taken place . See this subject more sully treated of in the Postscript to this letter. It ought therefore to be instantly repealed, before these baneful effects can have taken place,--and a new system of laws for this part Scotland be introduced in its stead, calculated to preserve grain as much as possible at the medium price, without allowing it to go sensibly above or below it,--which will prove to be in the end most highly beneficial to all orders of people in the country. When equity influences the councils of a nation, the laws that they enact will seldom fail to prove beneficial to all the members of the community. POSTSCRIPT An examination of the objections brought by Dr. Smith against the bounty on exportation of corn in England. The bounty does not, a...

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