A Letter, Commercial and Political, Addressed to the R. H. H. William Pitt

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Excerpt from A Letter, Commercial and Political, Addressed to the R. H. H. William Pitt: In Which the Real Interests of Britain, in the Present Crisis, Are Considered, and Some Observations Are Offered on the General State of EuropeThat the calamities which a¿'eét our commerce and ma nufaé'tures are great beyond example, it is unnecefi'ary to prove. The unprecedented and alarming meafures which are reforted to in parliament to prevent the univerfal wreclg of credit, put this beyond a doubt. - It does not however fcem to be generally obferved that thefe calamities are not peculiar to Britain. Bankruptcies have fpread and are fpread ing every where over the continent of Europe, through France, Holland, Germany, Poland, Ruilia, Italy, and Spain, and every where private as well as public credit is impaired or def'troyed. If the injury to commerce and manufaétures be more felt in Britain than elfewhere, it is becaufe we have had more commerce and manufaotures to be injured. And this reafon, which explains why Britain fufl'ers apparently more than the other kingdoms of Europe, willalfo explain why the different towns and counties of Britain fut-fer at ptefent exaaly in proportion to their former commercial profperity. In one refpeit England differs at this junéture from moit of the other European nations - our public credit is yet tolerably found - Whilft the governments of Rullia, Aufltria, Poland, France, and Spain, are either bankrupt, or on the verge of bankruptcy, and have had recourfe to practices that differ little from Open rapine.About the PublisherForgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.comThis book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully, any imperfections that remain are intentionally left to preserve the state of such historical works.