1822 April 14

Rid Yourselves

Letter 18. Relinquishment mode

'. 7. Restrictions none.

Not said, you should tax imports for the functionary. Added 21 Apr.

While the monopoly lasts you serve the few at the expence of the many.

In whichever of the three situations in respect of subjection they

happen to be, seek not on this occasion through the medium of any positive

regulations /stipulations/ pecuniary advantage in any shape other than that of a sum

certain: redemption money or purchase money, as the case may be: pecuniary advantage

at the expence either of those your distant kinsmen or at the expence of foreign

nations, needless, useless

pernicious dishonourable are /would be/ all such

preferences. See now whether they be not so /this be not true/

1. As to their being needless. This I have

already shown you /you have already seen/ in a former Letter: Letter 14

Relinquishment profitable

2. As to their being useless. To the amount of your trade

with them or any other nation you can not give any extra encrease any further than as

your trading capital receives extra encrease: over and above the ordinary encrease

from parsimony and accumulation, your capital cannot receive encrease but from the

accession of capital belonging to foreigners of /from/ capital belonging to

foreigners you /yours/ cannot without receive any such large accession without as

with the accession of the owner. By inhibitions imposed With their consent or without

their consent, prevent them by inhibitions from producing or importing any thing but

what they buy from you, you can not produce it or have it to sell any further than

you have capital with which to produce it or to procure it. Impose taxes on goods

exported to this territory from into Spain, you /your government/ will get money to

the amount of the payment made in consequence. Impose taxes on goods imported from

their territories into Spain you will in this case too get money to the amount of the

payments made in consequence: but you will gain nothing by means of the prohibition

the effect of which will be produced by the tax in so far as in consequence of it

goods fail to be imported. Why? I answer - still for this reason that to produce any

such extra accession /gain/ proportionable extra accession of capital would be

necessary, and tax from the measures just spoken of no such accession will be

produced.