That Wealth And Greatness Are Often Regarded

That A Joint Stock Company Should Be Able To Carry On Successfully Any Branch Of Foreign Trade, When Private Adventurers Can Come Into Any Sort Of Open And Fair Competition With Them, Seems Contrary To All Experience.

Sugar, Rum And Tobacco Are Commodities Which Are Nowhere Necessaries Of Life, Which Are Become Objects Of Almost Universal Consumption, And Which Are Therefore Extremely Proper Subjects Of Taxation.

Such Regulations May, No Doubt, Be Considered As In Some Respect A Violation Of Natural Liberty. But Those Exertions Of The Natural Liberty Of A Few Individuals, Which Might Endanger The Security Of The Whole Society, Are, And Ought To Be, Restrained By The Laws Of All Governments; Of The Most Free, As Well As Or The Most Despotical. The Obligation Of Building Party Walls, In Order To Prevent The Communication Of Fire, Is A Violation Of Natural Liberty, Exactly Of The Same Kind With The Regulations Of The Banking Trade Which Are Here Proposed.

The Ancient Egyptians Had A Superstitious Antipathy To The Sea; A Superstition Nearly Of The Same Kind Prevails Among The Indians; And The Chinese Have Never Excelled In Foreign Commerce.

People Of The Same Trade Seldom Meet Together, Even For Merriment And Diversion, But The Conversation Ends In A Conspiracy Against The Public, Or In Some Contrivance To Raise Prices. It Is Impossible Indeed To Prevent Such Meetings, By Any Law Which Either Could Be Executed, Or Would Be Consistent With Liberty Or Justice. But Though The Law Cannot Hinder People Of The Same Trade From Sometimes Assembling Together, It Ought To Do Nothing To Facilitate Such Assemblies; Much Less To Render Them Necessary.