[The History of England in Three Volumes, Vol.I., Part D. by David Hume]@TWC D-Link bookThe History of England in Three Volumes, Vol.I., Part D. CHAPTER XLIV 54/130
369. *** D'Ewes, p.
629. **** D'Ewes, p.
629. The necessity of her affairs obliged her again to summon a parliament; and it here appeared, that though old age was advancing fast upon her, though she had lost much of her popularity by the unfortunate execution of Essex, insomuch that when she appeared in public she was not attended with the usual acclamations,[*] yet the powers of her prerogative, supported by her vigor, still remained as high and uncontrollable as ever. The active reign of Elizabeth had enabled many persons to distinguish themselves in civil and military employments; and the queen, who was not able from her revenue to give them any rewards proportioned to their services, had made use of an expedient which had been employed by her predecessors, but which had never been carried to such an extreme as under her administration.
She granted her servants and courtiers patents for monopolies; and these patents they sold to others, who were thereby enabled to raise commodities to what price they pleased, and who put invincible restraints upon all commerce, industry, and emulation in the arts.
It is astonishing to consider the number and importance of those commodities which were thus assigned over to patentees.
<<Back Index Next>> D-Link book Top TWC mobile books
|