FREE BOOKS

Author's List




PREV.   NEXT  
|<   63   64   65   66   67   68   69   70   71   72   73   74   75   76   77   78   79   80   81   82   83   84   85   86   87  
88   89   90   91   92   93   94   95   96   97   98   99   100   101   102   103   104   105   106   107   108   109   110   111   112   >>   >|  
ragraphs before. To prevent silk-winders from working in their private houses, where they might work for private traders, and to confine them to the Company's factories, where they could only be employed for the Company's benefit, they desire that the newly acquired power of government should be effectually employed. "Should," say they, "this practice, through _inattention_, have been suffered to take place again, it will be proper to put a stop to it, which may _now be more effectually done by an absolute prohibition, under severe penalties, by the authority of government_." This letter contains a perfect plan of policy, both of compulsion and encouragement, which must in a very considerable degree operate destructively to the manufactures of Bengal. Its effect must be (so far as it could operate without being eluded) to change the whole face of that industrious country, in order to render it a field for the produce of crude materials subservient to the manufactures of Great Britain. The manufacturing hands were to be seduced from their looms by high wages, in order to prepare a raw produce for our market; they were to be locked up in the factories; and the commodity acquired by these operations was, in this immature state, carried out of the country, whilst its looms would be left without any material but the debased refuse of a market enhanced in its price and scanted in its supply. By the increase of the price of this and other materials, manufactures formerly the most flourishing gradually disappeared under the protection of Great Britain, and were seen to rise again and flourish on the opposite coast of India, under the dominion of the Mahrattas. These restraints and encouragements seem to have had the desired effect in Bengal with regard to the diversion of labor from manufacture to materials. The trade of raw silk increased rapidly. But the Company very soon felt, in the increase of price and debasement of quality of the wrought goods, a loss to themselves which fully counterbalanced all the advantages to be derived to the nation from the increase of the raw commodity. The necessary effect on the revenue was also foretold very early: for their servants in the principal silk-factories declared that the obstruction to the private trade in silk must in the end prove detrimental to the revenues, and that the investment clashes with the collection of these revenues. Whatsoever by bounties or immunities is encourag
PREV.   NEXT  
|<   63   64   65   66   67   68   69   70   71   72   73   74   75   76   77   78   79   80   81   82   83   84   85   86   87  
88   89   90   91   92   93   94   95   96   97   98   99   100   101   102   103   104   105   106   107   108   109   110   111   112   >>   >|  



Top keywords:

effect

 

increase

 

materials

 

factories

 

private

 

manufactures

 
Company
 

Britain

 

country

 

produce


operate

 

Bengal

 
revenues
 

employed

 

market

 

acquired

 

effectually

 
government
 
commodity
 

opposite


dominion

 
flourish
 

supply

 
debased
 
refuse
 

enhanced

 

material

 

scanted

 
Mahrattas
 

flourishing


gradually

 

disappeared

 

protection

 

servants

 

principal

 

declared

 

obstruction

 

foretold

 

derived

 
nation

revenue

 
immunities
 

encourag

 

bounties

 
Whatsoever
 

detrimental

 

investment

 

clashes

 
collection
 

advantages