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Editorial
October 17, 1808
Portland Gazette, And Maine Advertiser
Portland, Cumberland County, Maine
What is this article about?
Dr. Franklin advocates for minimal government interference in trade, arguing that regulations are often blunders or self-serving, and that free commerce among nations would mutually benefit all, as no nation has been ruined by trade.
OCR Quality
98%
Excellent
Full Text
Of an Open Trade.
By DR. FRANKLIN.
Perhaps, in general, it would be better if government meddled no farther with trade, than to protect it, and let it take its course. Most of the statutes or acts, edicts, arrets and placarts of parliaments, princes, and states, for regulating, directing or restraining of trade, have, I think, been either political blunders, or jobs obtained by artful men for private advantage, under pretence of public good.- When Colbert assembled some wise old merchants of France, and desired their advice and opinion how he could best serve and promote commerce, their answer, after consultation, was in three words only, -Let us alone. It is said by a very solid writer of the same nation that he is well advanced in the science of politics, who knows the full force of that maxim,-not to govern too strictly which, perhaps, would be of more use when applied to trade, than in any other public concern. It were, therefore, to be wished, that commerce were as free between all the nations of the world, as it is between the several counties of England, so would all, by mutual communication, obtain more enjoyments. Those counties do not ruin each other by trade ; neither would the nations. No nation was ever ruined by trade, even seemingly the most disadvantageous.
By DR. FRANKLIN.
Perhaps, in general, it would be better if government meddled no farther with trade, than to protect it, and let it take its course. Most of the statutes or acts, edicts, arrets and placarts of parliaments, princes, and states, for regulating, directing or restraining of trade, have, I think, been either political blunders, or jobs obtained by artful men for private advantage, under pretence of public good.- When Colbert assembled some wise old merchants of France, and desired their advice and opinion how he could best serve and promote commerce, their answer, after consultation, was in three words only, -Let us alone. It is said by a very solid writer of the same nation that he is well advanced in the science of politics, who knows the full force of that maxim,-not to govern too strictly which, perhaps, would be of more use when applied to trade, than in any other public concern. It were, therefore, to be wished, that commerce were as free between all the nations of the world, as it is between the several counties of England, so would all, by mutual communication, obtain more enjoyments. Those counties do not ruin each other by trade ; neither would the nations. No nation was ever ruined by trade, even seemingly the most disadvantageous.
What sub-type of article is it?
Trade Or Commerce
Economic Policy
What keywords are associated?
Free Trade
Government Meddling
Commerce Regulation
Laissez Faire
Colbert Advice
What entities or persons were involved?
Dr. Franklin
Colbert
Merchants Of France
Editorial Details
Primary Topic
Advocacy For Open And Unregulated Trade
Stance / Tone
Supportive Of Laissez Faire Commerce
Key Figures
Dr. Franklin
Colbert
Merchants Of France
Key Arguments
Government Should Protect Trade But Not Meddle Beyond That
Most Trade Regulations Are Political Blunders Or Private Jobs
French Merchants Advised Colbert: Let Us Alone
Max Maxim: Not To Govern Too Strictly, Especially In Trade
Commerce Should Be As Free Between Nations As Between English Counties
Mutual Trade Benefits All Nations Without Ruin