James Madison Papers

To James Madison from James Wattson, 10 February 1796

From James Wattson

Liverpooll 10 feby 1796

Respectd. Sir.

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 per yard of 36 Inches—they draw back also the Excise for Instance printed Cottons draw back the Excise Duty of 3d per. yd. & also a Bountie of one penny half penny per. yd. for the cloth so that they draw back on being Exported four pence half penny per yard one penny half penny of which is a Bounty—this Bounty of one penny half penny per. yd. is Confined to Goods below One shillg & Six pence per yard. Saill Cloth has a Bounty of Two pence per yard & Gun powder of four shillg & Six pence per 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.

Jas. Wattson

RC (DLC). Addressed by Wattson to JM at Philadelphia. Postmarked 12 Apr. Docketed by JM.

1Letter not found.

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