Note A2-1-12 — Chapter III

Mun admits that, for instance, the East Indian trade makes England richer, although it causes the exportation of much English money. But the exporter of money who, in exchange for it, brings back reëxportable commodities, should be compared to the sower. (Ch. 4.) Similarly, C. Roberts, The Treasure of Trafficke (1641), and even A. Serra, III, 2. According to Child, the loss in the East Indian trade is compensated for chiefly by this, that England obtains there the saltpeter it needs to satisfy its demand, and that the ships engaged in that trade are peculiarly well fitted for war. (l. c.) Saavedra Faxardo, for similar reasons, declared the discovery of America to be a misfortune. (Idea Principis Christiani politici, 1649, Symb., 68 seq.)