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The increase of the wolles of Spaine and America is of highe pollicie, with greate desire of our overthrowe, endevoured; and the goodnes of the forren wolles our people will not enter into the consideration of, nor will not beleve aughte, they be so sotted with opinion of their owne; and, yf it be not foresene and some such place of vent provided, farewell the goodd state of all degrees in this realme.
In the yere of our Lorde 1564. at what tyme the Flemishe nation were growen, as they were, to the fulnes of their wealthe and to the heighte of their pride, and not remembringe what wonderfull gaine they had yerely by the wolles, clothes, and comodities of England, beganne to contempne our nation and to rejecte our clothes and comodities, a subjecte of the then twoo Erles of Emden, a man of greate observation, wrote a notable discourse to the younge erles, to take occasion of that present tyme by offer of large priviledges in Emden to the Englishe men.
And where England nowe for certen hundreth yeres last passed, by the peculiar comoditie of wolles, and of later yeres by clothinge of the same, hath raised it selfe from meaner state to greater wealthe and moche higher honour, mighte, and power then before, to the equallinge of the princes of the same to the greatest potentates of this parte of the worlde: it cometh nowe so to passe, that by the greate endevour of the increase of the trade of wolles in Spaine and in the West Indies, nowe daily more and more multiplienge, that the wolles of England, and the clothe made of the same, will become base, and every day more base then other; which, prudently weyed, yt behoveth this realme, yf it meane not to returne to former olde meanes and basenes, but to stande in present and late former honour, glorye, and force, and not negligently and sleepingly to slyde into beggery, to foresee and to plante at Norumbega or some like place, were it not for any thing els but for the hope of the vent of our woll indraped, the principall and in effecte the onely enrichinge contynueinge naturall comoditie of this realme.
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