From James Wattson
Liverpooll 10 feby 1796
The high Esteem & regard I have for you Makes Me trouble you, with this peice of Information which perhaps you already have Viz: That all Linnen Cloth Cotton Cloth, Tykes, Checks—&c. have a Bounty granted by Government of Britain of one penny half penny yard of 36 Inches—they draw back also the Excise for Instance printed Cottons draw back the Excise Duty of 3d . yd. & also a Bountie of one penny half penny . yd. for the cloth so that they draw back on being Exported four pence half penny yard one penny half penny of which is a Bounty—this Bounty of one penny half penny . yd. is Confined to Goods below One shillg & Six pence yard. Saill Cloth has a Bounty of Two pence yard & Gun powder of four shillg & Six pence 100 ℔. weight. Even our Grain in Britain has a Bounty. As no other Nation grants Bountys on their Manufacters exported, this is the Reason of Great Britain enjoying Such a trade & of British Goods Cuting out the Goods of all other Nations at your Market.
The above is I think a full answer to Your Letter1—and I hope will Convince of what I formerly asserted that Britains would keep the principall Imports of Goods into America in their own hands. I am Respected Sir yr. he. Set.
RC (DLC). Addressed by Wattson to JM at Philadelphia. Postmarked 12 Apr. Docketed by JM.
1. Letter not found.