New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-11-10

the woollen trade. which had been the pet OIL
English kings for centuries. Cotton cloths oe-
gan to be made at first by way OF adul''o" u"
the woollen industry, the raw ma'eria' oe'"s
often called cotton wool At the same t'n'e i'n."
manufacture was urged in Ireland peca"ee u.
not interfere with English trade. ana because 'ne
culture and spinning Of fax were aireauS '"''
lar to the Irish England had also pesuh "s
career I'm iron smelling and Sheffield cutlery was
already famous But the use OF coal was not YET
understood and people censured the des'rucuom
Of forests involved In charcoal making. /" MI
branches Of trade there was prejudice asa'"s'
foreigners But the close OF the seventeenth
century witnessed vast change. Engnsh "o'N'
men caught up the secrets OF foreign arusa"S
The silk trade throve wonderfully under william
III and Anne for this reason. and the write's VII
economic affairs. who began to be numerous
generally regarded the help bestowed on refugees
from abroad as a profitable investment. In 1898
England was making much silk that impor'a-
lions were forbidden altogether Scotland hao
turned to making linen with great success Eng
land began to make the most OF It's own san
CLOTH most of its hats. its paper. and Its glass;
Every one Of these trades had been learned iro"
foreigners and this was true also or the manu-
facture Of velvets and damasks. OF clocks ana
watches and many branches Of the cutlery
trades In particular England profited by the
skill OF the Huguenots driven out Of France.
The first impulse toward the making OF fine pot
terry was from foreigners, especially two Hol-
landers whose ideas still dominant when
Wedgwood rose to fame. Among all these new
trades woollen manufacture barely held its own
Its supporters stirred up riots against those who
made or wore calico. and printed calicoes were
even prohibited by law under Queen Anne.
troda ca1 II rptjn
as the rest, had come to stay THE growth was
due however," remarks G.. T. Warner. mot to
mechanical inventions, but to human taste and
skill and these came with the refugees" In
bic small trades hitherto almost unknown
IN England now hourshed great political
and religious revolution had somehow released
human activities in ways that would have been
,nconceivable to the men who had shared the
hitter conflict The movement vast and
en- novel that men could not help being struck
nv r. Perhaps II is no mere accidental COIN
cidence that the art OF sermon-wrting MANIFEST
" decayed ir the hands Of Tlotson and the two
Sherlocks from its palmy state under Jeremy
TAYLOR and Barrow and South. at the very time
when men awakened to the fact that the sta
tistics of industrial and material progress couid
be made interesting Another effect or THIS Wiue-
reaching industrial activity was coinage wholly
new and the beginning Of the greatest banking
system In the world The idea Of the Bank OF
England was borrowed from the Dutch. 1t came
rear being wrecked at the outset by native IN
yention OF a kind which is still rife In the United
States The godsmiths who took money on de-
posit. and the country Tory gentry who saw at
the head of the bank not merely city men, but
Wings and Dssenters at that, agreed that IL
was a dangerous institution. They supported
the proposition Of Land Bank" to lend money
ON every square mile of ground In the Kingdom
The Government even encouraged this scheme'
The figures which the advocates OF the plan
put forth had a romantic charm, but when sub
scriptions were asked for people held their
hands The King put his name down Tor to'VoV'
His subjects subscribed f2loo and thus fell into
oblivion a project from which the Government
had expected to borrow f2,564,ooo at per cent
interest Its one effect had been to cause disas-
trous fall In Bank OF England shares