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account of the condition of English agriculture at the beginning of



the fourteenth century��



    'In the year 1327 Lord Spencer counted upon 63 estates in his



possession�察�28��000 sheep�察�1��000 oxen�察�1��200 cows�察�560 horses�察�and



2��000 hogs�此�giving a proportion of 450 sheep�察�35 head of cattle�察�9



horses�察�and 22 hogs to each estate。'



    From this statement we may perceive how greatly�察�even in those



early days�察�the number of sheep in England exceeded that of all the



other domestic animals put together。 The great advantages derived



by the English aristocracy from the business of sheep farming gave



them an interest in industry and in improved methods of agriculture



even at that early period�察�when noblemen in most Continental states



knew no better mode of utilising the greater part of their



possessions than by preserving large herds of deer�察�and when they



knew no more honourable occupation than harassing the neighbouring



cities and their trade by hostilities of various kinds。



    And at this period�察�as has been the case in Hungary more



recently�察�the flocks so greatly increased that many estates could



boast of the possession of from 10��000 to 24��000 sheep。 Under these



circumstances it necessarily followed that�察�under the protection



afforded by the measures introduced by Queen Elizabeth�察�the woollen



manufacture�察�which had already progressed very considerably in the



days of former English rulers�察�should rapidly reach a very high



degree of prosperity。��2*��



    In the petition of the Hansards to the Imperial Diet�察�mentioned



in Chapter II�察�which prayed for the enactment of retaliatory



measures�察�England's export of cloth was estimated at 200��000



pieces�察�while in the days of James I the total value of English



cloths exported had already reached the prodigious amount of two



million pounds sterling�察�while in the year 1354 the total money



value of the wool exported had amounted only to 277��000 l。�察�and



that of all other articles of export to no more than 16��400 l。 Down



to the reign of the last´named monarch the great bulk of the cloth



manufactured in England used to be exported to belgium in the rough



state and was there dyed and dressed�察�but owing to the measures of



protection and encouragement introduced under James I and Charles



I the art of dressing cloth in England attained so high a pitch of



perfection that thenceforward the importation of the finer



descriptions of cloth nearly ceased�察�while only dyed and finely



dressed cloths were exported。



    In order fully to appreciate the importance of these results of



the English commercial policy�察�it must be here observed that�察�prior



to the great development of the linen�察�cotton�察�silk�察�and iron



manufactures in recent times�察�the manufacture of cloth constituted



by far the largest proportion of the medium of exchange in the



trade with all European nations�察�particularly with the northern



kingdoms�察�as well as in the commercial intercourse with the Levant



and the East and West Indies。 To what a great extent this was the



case we may infer from the undoubted fact that as far back as the



days of James I the export of woollen manufactures represented



nine´tenths of all the English exports put together。��3*��



    This branch of manufacture enabled England to drive the



Hanseatic League out of the markets of Russia�察�Sweden�察�Norway�察�and



Denmark�察�and to acquire for herself the best part of the profits



attaching to the trade with the Levant and the East and West



Indies。 It was this industry that stimulated that of coal mining��



which again gave rise to an extensive coasting trade and the



fisheries�察�both which�察�as constituting the basis of naval power��



rendered possible the passing of the famous Navigation Laws which



really laid the foundation of England's maritime supremacy。 It was



round the woollen industry of England that all other branches of



manufacture grew up as round a common parent stem�察�and it thus



constitutes the foundation of England's greatness in industry��



commerce�察�and naval power。



    At the same time the other branches of English manufacture were



in no way neglected。



    Already under the reign of Elizabeth the importation of metal



and leather goods�察�and of a great many other manufactured articles��



had been prohibited�察�while the immigration of German miners and



metal workers was encouraged。 Formerly ships had been bought of the



Hansards or were ordered to be built in the baltic ports。 But she



contrived�察�by restrictions on the one hand and encouragements on



the other�察�to promote shipbuilding at home。



    The timber required for the purpose was brought to England from



the baltic ports�察�whereby again a great impetus was given to the



British export trade to those regions。



    The herring fishery had been learned from the Dutch�察�whale



fishing from the dwellers on the shores of the Bay of Biscay�察�and



both these fisheries were now stimulated by means of bounties。



James I more particularly took a lively interest in the



encouragement of shipbuilding and of fisheries。 Though we may smile



at his unceasing exhortations to his people to eat fish�察�yet we



must do him the justice to say that he very clearly perceived on



what the future greatness of England depended。 The immigration into



England�察�moreover�察�of the Protestant artificers who had been driven



from Belgium and France by Philip II and Louis XIV gave to England



an incalculable increase of industrial skill and manufacturing



capital。 To these men England owes her manufactures of fine woollen



cloth�察�her progress in the arts of making hats�察�linen�察�glass��



paper�察�silk�察�clocks and watches�察�as well as a part of her metal



manufacture�察�branches of industry which she knew how speedily to



increase by means of prohibition and high duties。



    The island kingdom borrowed from every country of the Continent



its skill in special branches of industry�察�and planted them on



English soil�察�under the protection of her customs system。 Venice



had to yield ��amongst other trades in articles of luxury�� the art



of glass manufacture�察�while Persia had to give up the art of carpet



weaving and dyeing。



    Once possessed of any one branch of industry�察�England bestowed



upon it sedulous care and attention�察�for centuries treating it as



a young tree which requires support and care。 Whoever is not yet



convinced that by means of diligence�察�skill�察�and economy�察�every



branch of industry must become profitable in time  that in any



nation already advanced in agriculture and civilisation�察�by means



of moderate protection�察�its infant manufactures�察�however defective



and dear their productions at first may be�察�can by practice��



experience�察�and internal competition readily attain ability to



equal in every respect the older productions of their foreign



competitors�察�whoever is ignorant that the success of one particular



branch of industry depends on that of several other branches�察�or to



what a high degree a nation can develop its productive powers�察�if



she takes care that each successive generation shall continue the



work of industry where former generations have left it�察�let him



first study the history of English industry before he ventures to



frame theoretical systems�察�or to give counsel to practical



statesmen to whose hands is given the power of promoting the weal



or the woe of nations。



    Under George I English statesmen had long ago clearly perceived



the grounds on which the greatness of the nation depends。 At the



opening of Parliament in 1721�察�the King is made to say by the



Ministry�察�that 'it is evident that nothing so much contributes to



promote the public well´being as the exportation of manufactured



goods and the importation of foreign raw material。��4*��



    This for centuries had been the ruling maxim of English



commercial policy�察�as formerly it had been that of the commercial



policy of the Venetian Republic。 It is in force at this day ��1841��



just as it was in the days of Elizabeth。 The fruits it has borne



lie revealed to the eyes of the whole world。 The theorists have



since contended that England has attained to wealth and power not



by means of�察�but in spite of�察�her commercial policy。 As well might



they argue that trees have grown to vigour and fruitfulness�察�not by



means of�察�but in spite of�察�the props and fences with which they had



been supported when they were first planted。



    Nor does English history supply less conclusive evidence of the



intimate connection subsisting between a nation's general political



policy and political economy。 Clearly the rise and growth of



manufactures in England�察�with the increase of population resulting



from it�察�tended to create an active demand for salt fish and for



coals�察�which led to a great increase of the mercantile marine



devoted to fisheries and the coasting trade。 Both the fisheries and



the coasting trade were previously in the hands of the Dutch。



Stimulated by high customs duties and by bounties�察�the English now



directed their own energies to the fishery trade�察�and by the



Navigation Laws they secured chiefly to British sailors not only



the transport of sea´borne coal�察�but the whole of the carrying



trade by sea。 The consequent increase in England's mercantile



marine led to a proportionate augmentation of her naval power��



which enabled the English to bid defiance to the Dutch fleet。



Shortly after the passing of the Navigation Laws�察�a naval war broke



out between England and Holland�察�whereby the trade of the Dutch



with countries beyond the English Channel suffered almost total



suspension�察�while their shipping in the North Sea and the Baltic



was almost annihilated by English privateers。 Hume estimates the



number of Dutch vessels which thus fell into the hands of English



cruisers at 1��600�察�while Davenant�察�in his 'Report on the Public



Revenue��' assures us that in the course of the twenty´eight years



next following the passing of the English Navigation Laws�察�the



English shipping trade had increased to double its previous



extent。��5*��



    Amongst the more important results of the Navigation Laws�察�the



following deserve special mention�察�viz。��



    1。 The expansion of the English trade with all the northern



kingdoms�察�with Germany and Belgium ��export of manufactures and



import of raw material���察�from which�察�according to Anderson's



account�察�up to the year 1603 the Englis

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