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Associations of Merchants to carry on a particular Commerce are exellent when practic'd by oeconomical Commercial Nations, as it adds the weight of public riches to the wealth of private persons; but if the trade does not exceed the power of private management, it seems more beneficial to Commerce to leave it open & unrestrain'd; the truth is such monopolys are better calculated for the infamy then maturity of Commerce, to encourage & support the first attempts that to produce any lasting benefit when trade is once settl'd; if we turn our eyes to