30 Oct. 1801

27 Aug. 1801

C 3

Polit. Economy

Method

III. Non Agenda

I. Broad Measures

3. Encouragement

4[?] Encreasing Land

{3}6 Colonies

1

6. Colonization {is} {or at least was} was a folly grafted on a folly.

Encouragement to new productive industry exercised at home, gave actual

production /wealth/ for actual production /wealth/. Colonization, for actual

wealth gives /gave nothing but/ contingent; contingent, which at the best was

distant, and of which the realization was in all cases uncertain, in some

hopeless. The capital employed in the exportation and maintenance of the

colonists and their stock would if employ'd at home at any rate have added

something to the annually growing wealth as well as population and thence the

defencible security of the home territory, by the whole amount of it. Of the

maintenance /produce/ of the Colonists when settled in the Colony it is only a

part that would be exported to the home /mother/ country and constituted a

portion of its /be added to the mass of its/ wealth.

In point of wealth /quantity/ and population, Europe has lost by colonies. The

only gain, if any, is that which consists in mere enjoyment, and that so far,

and no farther, as it depends on novelty and variety in regard to the articles

or instruments of enjoyment: the use of sugar /using sugar cane sugar/ instead

of honey or beet or maple sugar - the making tea, coffee and chocolate

breakfasts instead of the meat and ale breakfasts that contented Queen

Elizabeth: the adding cochineal and indigo to our {blue} dies, instead of being

confined to woad, Prussian Blue and a few others: the using: the using cochineal

and garnetts for dying our clothes, instead of other reds of somewhat inferior

brilliancy.