CHAPTER XXII OF THE DIGNITY OF TRADE IN ENGLAND MORE THAN IN OTHER COUNTRIES
As so many of our noble and wealthy families are raised by, and derive from trade, so it is true, and, indeed, it cannot well be otherwise, that many of the younger branches of our gentry, and even of the nobility itself, have descended again into the spring from whence they flowed, and have become tradesmen; and thence it is, that, as I said above, our tradesmen in England are not, as it generally is in other countries, always of the meanest of our people.
Indeed, I might have added here, that trade itself in England is not, as it generally is in other countries, the meanest thing the men can turn their hand to; but, on the contrary, trade is the readiest way for men to raise their fortunes and families; and, therefore, it is a field for men of figure and of good families to enter upon.
N.B. By trade we must be understood to include navigation, and foreign discoveries, because they are, generally speaking, all promoted and carried on by trade, and even by tradesmen, as well as merchants; and the tradesmen are at this time as much concerned in shipping (as owners) as the merchants; only the latter may be said to be the chief employers of the shipping.
Having thus done a particular piece of justice to ourselves, in the value we put upon trade and tradesmen in England, it reflects very much upon the understanding of those refined heads, who pretend to depreciate that part of the nation, which is so infinitely superior in number and in wealth to the families who call themselves gentry, or quality, and so infinitely more numerous.
As to the wealth of the nation, that undoubtedly lies chiefly among the trading part of the people; and though there are a great many families raised within few years, in the late war, by great employments, and by great actions abroad, to the honour of the English gentry; yet how many more families among the tradesmen have been raised to immense estates, even during the same time, by the attending circumstances of the war, such as the clothing, the paying, the victualling and furnishing, &c, both army and navy! And by whom have the prodigious taxes been paid, the loans supplied, and money advanced upon all occasions? By whom are the banks and companies carried on?--and on whom are the customs and excises levied? Have not the trade and tradesmen born the burden of the war?--and do they not still pay four millions a-year interest for the public debts? On whom are the funds levied, and by whom the public credit supported? Is not trade the inexhausted fund of all funds, and upon which all the rest depend?
As is the trade, so in proportion are the tradesmen; and how wealthy are tradesmen in almost all the several parts of England, as well as in London! How ordinary is it to see a tradesman go off the stage, even but from mere shopkeeping, with from ten to forty thousand pounds' estate, to divide among his family!--when, on the contrary, take the gentry in England from one end to the other, except a few here and there, what with excessive high living, which is of late grown so much into a disease, and the other ordinary circumstances of families, we find few families of the lower gentry, that is to say, from six or seven hundred a-year downwards, but they are in debt and in necessitous circumstances, and a great many of greater estates also.