The Complete Works in Philosophy, Politics and Morals of the late Dr. Benjamin Franklin, Vol. 2 [of 3]

By Benjamin Franklin

Page 316

5. _Of Prohibitions, with Respect to the Exportation of Gold and

Could Spain and Portugal have succeeded in executing their foolish
laws for _hedging in the cuckoo_, as Locke calls it, and have kept
at home all their gold and silver, those metals would by this time
have been of little more value than so much lead or iron. Their
plenty would have lessened their value. We see the folly of these
edicts: but are not our own prohibitory and restrictive laws, that
are professedly made with intention to bring a balance in our favour
from our trade with foreign nations to be paid in money, and laws
to prevent the necessity of exporting that money, which if they
could be thoroughly executed, would make money as plenty, and of as
little value; I say, are not such laws a kin to those Spanish edicts,
follies of the same family?

[§ 6. _Of the Returns for foreign Articles._]

In fact, the _produce of other countries_ can hardly be obtained,
unless by fraud and rapine, without giving the _produce of our land
or our industry_ in exchange for them. If we have mines of gold and
silver, gold and silver may then be called the produce of our land:
if we have not, we can only fairly obtain those metals by giving for
them the produce of our land or industry. When we have them, they are
then only that produce or industry in another shape; which we may
give, if the trade requires it, and our other produce will not suit,
in exchange for the produce of some other country, that furnishes
what we have more occasion for, or more desire. When we have, to an
inconvenient degree, parted with our gold and silver, our industry
is stimulated afresh to procure more; that, by its means, we may
contrive to procure the same advantage.

[§ 7. _Of Restraints upon Commerce in Time of War._]

When princes make war by prohibiting commerce, each may hurt himself
as much as his enemy. Traders, who by their business are promoting
the common good of mankind, as well as farmers and fishermen, who
labour for the subsistence of all, should never be interrupted, or
molested in their business, but enjoy the protection of all in the
time of war, as well as in time of peace.

This policy, those, whom we are pleased to call Barbarians, have in
a great measure adopted; for the trading subjects of any power with
whom the emperor of Morocco may be at war, are not liable to capture,
when within sight of his land, going

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Text Comparison with The Complete Works in Philosophy, Politics and Morals of the late Dr. Benjamin Franklin, Vol. 2 [of 3]

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_ [No date.
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| | h |Hunter, happy, high.
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in every one of which, the force of extent of territory and fertility of soil is multiplied, or their want compensated by industry and frugality.
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The inhabitants of this country, a few ages back, were to the populous and rich provinces of France, what Canada is now to the British colonies.
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Justice Foster, because I might have need of his edifying example, to show how much impressing ought to be borne with; for he would certainly find, that though to be reduced to twenty-five shillings a month might be a "_private mischief_," yet that, agreeably to his maxim of law and good policy, it "_ought to be borne with patience_,".
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