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nydus/On The Principles of Political Economy, and TaxationPublic
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CHAPTER XXIII.

the countries of Europe respecting their colonies, is not less injurious to the mother countries themselves, than to the colonies whose interests are sacrificed.

"The monopoly of the colony trade," he says, "like all the other mean and malignant expedients of the mercantile system, depresses the industry of all other countries, but chiefly that of the colonies, without, in the least, increasing, but on the contrary diminishing, that of the country in whose favour it is established."

This part of his subject, however, is not treated in so clear and convincing a manner as that in which he shews the injustice of this system towards the colony.

Without affirming or denying, that the actual practice of Europe with regard to their colonies is injurious to the mother countries, I may be

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