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to the Statute stil�察�and were restrained�察�yet the Utility that

hereby arose to the Common´wealth�察�did farre exceed the restraint

of the Publique Liberty。 For within few yeares after the granting

of this Licence�察�the vent of Cloth in forreine parts increased to

twice as much�察�as formerly it was during the strict observation

of the Statute。 Other like dispensations of Statutes�察�I might

instance�此�as that of the 28 H。8。 concerning the retailing of

Gasgoigne Wines at two pence a quart�此�which is dispenced with�察�by

a licence to the Company of the Vintners�此�but these may suffice

for every mans understanding of this kinde of restraint。

    For Prohibition by Act of Parliament�此�such is the Act whereby

all the subjects of this Realme�察�excepting such as are of the

Corporation of the Muscovy Company�察�are forbidden to trade into

any part of Russia。 Also that of 3 Jacob concerning Artizan

Skinnes�察�whereby all but the Company�察�are forbidden to buy and

retail some sorts of Skinnes。 In these and the like�察�the

Parliament maketh restraint of the Common liberty of Commerce��

and the same restraint is againe released�察�not unto all�察�but to

some persons or Corporations by Speciall exception and proviso of

the Act of Parliament。

    The latter kind of restraint by Publique Authority�察�is when

that which seemeth by the Lawe to be free to all is by some

Patent or Proclamation of the Prince�察�prohibited to all�察�saving

some certaine Corporations�察�or persons specially excepted and

authorized in the same Patent or Proclamation。 Of this kind are

generally reputed all Corporations of Merchants�察�which are not

confirmed by Act of Parliament。 Which are generally reputed to

carry with them a restraint to others�察�of that liberty�察�which the

Law doth seeme to offer to all in point of Commerce。 Whence it is

that so many pleade the Freedome of subjects�察�and presse�察�or

rather oppresse that plea of equity�察�hat it is equall that all

subjects should bee a like free to be Merchants in all Trades。 To

whom I answere�察�that first there is no good Equality in it��

because it is against the Publique Utility that all should bee

Merchants at their pleasure。 For that's not equall�察�that may

seeme profitable to one�察�and bee hurtful to many。 Atque ipso

utilitas iusti prop matter & aequi�察�as Horace speaketh。 And yet

what point of equity is broken�察�when the freedome of Societies is

so carried�察�that it is open to all men upon equall termes�察�that

is to say�察�either by service or purchase�拭�Otherwise it were very

unequall�察�that one man should serve for his freedome�察�or buy the

same�此�and another man should have it for nothing。 If this point

were well thought upon�察�I prosume the Gracious Grants and

priviledges of His Majestie�察�conferred upon Societies�察�would not

seeme so much a restraint of the Common liberty�察�as a prudent

ordering and accommodating thereof unto the Publique Utility。 For

it hath ever beene a Policy of this State�察�to reduce the Trades

of Merchants of this Kingdome into Corporations and Societies��

for the advancement of Trade�察�by the benefit of order and

government�此�well foreseeing that there cannot be any greater Bane

to a Well´governed Common´wealth�察�then Ill´governed and

disorderly Trade。 Whereof I shall have fitter occasion to speake

in the next Chapter�察�when I come to treat of the Incoveniences of

the want of government in Trade。 So that in this case the

generall rule must be this�察�that such a restraint of the Publique

Liberty�察�as is before mentioned�察�is alwayes to be allowed�察�when

the same is recompenced with a Publique Utility。 According to

that of Tacitus�察�Omne magnum exemplum habet is se aliquid iniqui��

quod utilitate publica contra singulos compensatur。 Also the

liberty that the Law seemeth to give the subjects in Trade�察�is to

be understood�察�of imployment Within the Kingdome�察�not Without the

Kingdome。 For what liberty can a Nationall Law�察�give to a Forrein

Trade under a Forreine Jurisdiction�察�when the liberty or

restraint thereof dependeth upon those Forreine Princes and

States where that Trade is tollerated�拭�Therfore the Law may give

the subject Liberty Within the Land�察�but it is the King that must

enable men to trade Without the Land。 For all the Trade of the

Merchants of this Kingdome into Forreine Countries�察�is grounded

upon the Amity of the King�察�and the Treaties of Peace contracted

by the King�察�with the Kings and Rulers of those forreine parts��

at his owne charge�察�and by His owne Authoritie�察�without the

assistance of His Parliament。 And therefore it holdeth good

conguity�察�that the King by His like Authority�察�may have the

disposing and ordering of such His contracts at his owne

pleasure。

    The second part of Monopoly remaineth�察�of the setting of the

price at the pleasure of the Monopolist�察�to his private gaine��

and the publique losse。 This Gothofredus calleth the forme of a

Monopoly。 And in truth it is the very Soule and Accomplishment

thereof。 And he or they that have this power over the price of

the thing they negotiate�察�may well be said according to the

notation of Monopoly�察�from ��Greek word omitted�� and ��Greek word

omitted���察�to converse alone。 For in so doing�察�they so live�察�as

none can live by them�察�in respect of their singular gaine in this

kinde�此�Contrary to that honest Poverbiall rule of the Dutch�察�that

men must Leuen ende laeten Leuen�此�So live as other men may Live

by them。 But here I cannot but discharge all those Corporations

of this Kingdome�察�of this part of Monopoly�察�which afford to every

particular trader thereof�察�the managing of his owne stocke�察�in

buying and selling as hee can�察�without any combination with

others。 In which it is an impossible as unusual�察�for any to have

command of the rice of their Commodities�此�because there is such a

multitude of Traders of them�察�and every man is at liberty to buy

or sell�察�without any rule by any generall order�察�or meanes to

hold one price。 But the greatest suspition of Monopoly in

Corporations�察�is in such as Trade�察�in Joint Stockes。 Whereof if

there be any that tradeth in a Joint Stocke�察�and hath the Sole

buying or selling of any Commodity�察�and buy and sell the same

Jointly�察�as by one person or common factor�察�such is guilty of

Monopoly。

    For particular men�察�they may also commit Monopolizing�此�either

by procuring Patents by misinformation of the State�察�for the Sole

Importing or Exporting�察�buying or selling at their owne prises��

to the restraint of the Common Liberty�察�and the Publique Utility

of the Kingdome�此�or else when some one or few�察�without any

Authority�察�doe joine together to engrosse and buy in a Commodity��

and sell it out againe at their owne price。 Of the former kinde��

are those Catalogue of crying Monopolies�察�which his Majestie in

His high Wisdome and Grace damned in His Princely Proclamation of

the tenth of July last�察�in the XIX year of His Majesties most

happy Reigne over this Kingdome�此�Many of which were abused in the

Practice�察�from which they appeared to be in the Institution。 And

here a pretty question occurreth。 When a Patent is granted to a

certaine person or persons�察�so as hee or they have power to

licence others to exercise some kinde of Commerce solely�察�and

consequently with command of the price�此�that question is�察�who is

then the Monopolian�察�whether the Patentees�察�or their Assignes�拭�In

this case I suppose�察�that both the one and the other commit

Monopoly。 For first�察�the Patentees make their price at their

pleasure upon their Assignes�察�and they againe upon the Subjects。

So that here is Mnnopoly upon Monopoly�此�like your Salt upon Salt��

Interest upon Interest�察�or the Decompositum in Grammer。

    In the latter�察�some sorts of Trades´men in London�察�are said

to offend。 Which being matters of Generall note�察�and willing to

avoid offence�察�I will passe by such particulars。 And this shall

suffice for the Definition and Distribution of Monopoly。



Cap。 IIII。



Of want of Government in Trade。



    Such is the Forme of Trade considered in the Strict Use or

Abuse of Government�察�by way of Monopoly。 It now remaineth briefly

to shew the Too Loose Use thereof�察�by Ungoverned Trade。

    It is a Maxime in the Mathematiques�察�that Rectum est Index

sui & obliqui。 And the want of Government�察�cannot better be

demonstrated��then by the benefit of Government it selfe。 For

thereby the Common´wealth hath beene much advantaged�察�both in the

encrease of the native Commodities of the Kingdome�察�and the

advancement of their use and price in Forreine parts�此�and also in

keeping the forreine wares at a moderate rate within this

Kingdome。 This will be yet more perspicuous�察�if we cast our eye

first upon the several Societies of Merchants which trade under

Government�此�and then on those which trade without Government。 For

Contraria juxta se posita�察�magis elucescunt。

    In the first place therefore consider we that Ancient and

heretofore famous fellowship of the Merchants´Adventurers of

England。 Hath it not by their politique rule and order�察�eaten out

the Societie of the Hans´townes of Germanie and the Merchants of

the Entercourse of the Low Countries�察�in those trades�察�which a

long time they enjoyed in this land�拭�And whereas those of the

Hans�察�vented in Germany�察�only a matter of sixe thousand of our

Clothes yeerely and at low prices�此�and held this Realme as it

were beholding unto them for their shipping�此�yea upon some

discontent for denying of them priviledges�察�durst offer some

hostilitie in the time of Edward the fourth。 Whereas the

Merchants´Adventurers by their Charters�察�granted from time to

time by the Princes of this Realme�察�and favoured by Parliaments

successively�察�by their orderly mannaging of their trade�察�have

supplanted the trade of the Hanses in Germany�此�and brought the

said Six thousand vented by them in Germany�察�unto Thirtie

thousand Clothes yeerely & at great prises。 And it is worthy to

be remembred to their Honour�察�that service which the

Merchants´Adventurers did to the State in Anno 88 when they

supplied the Navie Royall with a whole ships lading of Powder and

Shot from Hamburgh�此�which came luckily even in articulo temporis��

when there was a very great want thereof。 These also have from

time to time employed and bred up many worthy Masters of ships

and Mariners�察�and built many Tall�察�warlike and Serviceable

shippes�此�which as they themselves also�察�are at all times ready to

doe service to the King & State upon all occasions。 None of all

which they had ever beene able to have done as particular men�察�in

a loose�察�distracted�察�and disorderly trade。

    Great benefit also hath arisen from the East´land Company��

who have wonne like ground of the Hanses of the Baltique Sea�此�and

doe employ in that trade a great number of proper Shippes and

Men。

    The Levant Company likewise by their trade under Government��

hath built a great strength of warlike�察�Tall & Lusty Shipping��

which they employ in that trade�此�and by their industry have wonne

from the Italians the trade of the Levant�此�the Commodities

whereof were before brought into this Realme by Argosies to the

encrease of forreine shipping�察�and at deare rate

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