home consumption are so large as to raise considerably the price of labour and manufacture, all our commodities for exportation must by degrees so advance in the prime value, that they cannot be sold at a rate which will give them vent in foreign markets, and we must be everywhere undersold by our wiser neighbours.  But the consequence of such duties in times of peace will fall most heavily upon our woollen manufactures, of which most have more value from the workmanship than the material; and if the price of this workmanship be enhanced, it will in a short course of time put a necessity upon those we deal with of setting up manufactures of their own, such as they can, or of buying goods of the like kind and use from nations that can afford them cheaper.  And in this point we are to consider, that the bulk of our woollen exports does not consist in draperies made of the fine wool, peculiar to our soil, but is composed of coarse broad cloths, such as Yorkshire cloths, kerseys, which make a great part of our exports, and may be, and are made of a coarser wool, which is to be had in other countries.  So that we are not singly to value ourselves upon the material, but also upon the manufacture, which we should make as easy as we can, by not laying over-heavy burdens upon the manufacturer.  And our woollen goods being two-thirds of our foreign exports, it ought to be the chief object of the public care, if we expect to be gainers in the balance of trade, which is what we hunt after in these inquiries.

Thirdly, as to the lower rank of all, which we compute at 2,825,000 heads, a majority of the whole people, their principal subsistence is upon the degrees above them, and if those are rendered uneasy these must share in the calamity, but even of this inferior sort no small proportion contribute largely to excises, as labourers and out-servants, which likewise affect the common seamen, who must thereupon raise their wages or they will not have wherewithal to keep their families left at home, and the high wages of seamen is another burden upon our foreign traffic.  As to the cottagers, who are about a fifth part of the whole people, some duties reach even them, as those upon malt, leather, and salt, but not much because of their slender consumption, but if the gentry, upon whose woods and gleanings they live, and who employ them in day labour, and if the manufacturers, for whom they card and spin, are overburdened with duties, they cannot afford to give them so much for their labour and handiwork, nor to yield them those other reliefs which are their principal subsistence, for want of which these miserable wretches must perish with cold and hunger.

Thus we see excises either directly or indirectly fall upon the whole body of the people, but we do not take notice of these matters as receding from our former opinion.  On the contrary, we still think them the most easy and equal way of taxing a nation, and perhaps it is demonstrable that if we had fallen into this method at the beginning of the war of raising the year’s expense within the year by excises, England had not been now indebted so many millions, but what was advisable under such a necessity and danger is not to be pursued in times of peace, especially in a country depending so much upon trade and manufactures.