FREE BOOKS

Author's List




PREV.   NEXT  
|<   103   104   105   106   107   108   109   110   111   112   113   114   115   116   117   118   119   120   121   122   123   124   125   126   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   152   >>   >|  
s past in England" _Extract from a Letter from Boston, (Messrs. Hutchinson,) dated 10th Sepr., 1771:_ "From a more particular estimate of the consumption we are of opinion, the two towns of Boston and Charlestown consume a chest, or about 340 pounds of tea, one day with another. These two towns are not more than one-eighth, perhaps not more than one-tenth, part of the Province. Suppose they consume but 300 chests in a year, and allow they are but one-eighth, it will make 2400 chests a year for the whole Province. This Province is not one-eighth part of the Colonies, and in the other governments, especially New York, they consume tea in much greater proportion than in this Province. In this proportion, the consumption may be estimated at 19,200 chests per annum, or upwards of six millions of pounds. Yet at New York or Pensylvania they import no teas from England, and at Rhode Island very little. Here we find the Dutch traders continually gaining ground upon us. If teas do not sail with you before the spring shippings, we fear the Dutch will carry away all the trade of the Colonies in this article." _Extract of a Letter from Boston, dated 11th Sepr., 1772:_ "We have delayed answering your last enquiries relative to the tea concern, in hopes of being able to form a better judgment, but to no great purpose; the great importation from Holland, principally through New York and Philadelphia, keeps down the price here, and consequently the sale of teas from England. We have set ours so low we shall have no profit from this years adventure, yet there are 50 chests still on hand. You ask our opinion whether the difference between the English and Dutch teas, if it did not exceed the 3d. duty and 9 pr cent., would be sufficient encouragement to the illicit trader? If the difference was not greater we think some of the smugglers would be discouraged, but the greater part would not. Nothing will be effectual short of reducing the price in England equal to the price in Holland. If no other burthen than the 3d. duty in the Colonies, to save that alone would not be sufficient profit, and the New Yorkers, &c., would soon break thro' their solemn engagements not to import from England." _Extract from a Letter from Boston, dated 25th Feb., 1773, in Answer to a calculation sent of the supposed price at which the illicit trader can now import tea into America from Holland:_ "In your calculation of the profits on Dutch teas,
PREV.   NEXT  
|<   103   104   105   106   107   108   109   110   111   112   113   114   115   116   117   118   119   120   121   122   123   124   125   126   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   152   >>   >|  



Top keywords:

England

 

chests

 
Province
 

Boston

 

import

 

eighth

 

greater

 
Colonies
 

Holland

 

consume


Extract

 

Letter

 

trader

 
illicit
 
profit
 

sufficient

 

difference

 
calculation
 

proportion

 

pounds


consumption
 

opinion

 
English
 

principally

 

adventure

 

Philadelphia

 

effectual

 

engagements

 

solemn

 
Answer

America

 

profits

 

supposed

 
Yorkers
 

smugglers

 
encouragement
 
discouraged
 

Nothing

 

burthen

 
importation

reducing

 
exceed
 
governments
 

upwards

 

millions

 

estimated

 

Suppose

 
Hutchinson
 
Messrs
 

estimate