Selected quad for the lemma: authority_n

Word A	Word B	Word C	Word D	Occurrence	Frequency Band	MI	MI Band	Prominent
authority_n	act_n	parliament_n	person_n	3,941	5	5.3333	4	true

Text snippets containing the quad

ID	Title	Author	Corrected Date of Publication (TCP Date of Publication)	STC	Words	Pages
A30882	A discourse concerning coining the new money lighter in answer to Mr. Lock's Considerations about raising the value of money / by Nicholas Barbon, Esq.	Barbon, Nicholas, d. 1698.	1696 (1696)	Wing B706; ESTC R12375	47,571	114

the_o plenty_n of_o one_o commodity_n do_v not_o make_v another_o commodity_n dear_a or_o cheap_a that_o be_v not_o for_o the_o same_o use_n then_o the_o plenty_n of_o gold_n and_o silver_n or_o a_o great_a or_o lesser_a quantity_n of_o it_o in_o the_o money_n will_v no_o more_o alter_v the_o price_n of_o good_n than_o the_o plenty_n of_o lead_n or_o iron_n can_v alter_v the_o price_n of_o butter_n or_o cheese_n which_o be_v not_o to_o supply_v the_o same_o occasion_n and_o mr._n lock_v in_o page_n 52_o seem_v to_o be_v of_o this_o opinion_n and_o answer_v himself_o though_o he_o conclude_v quite_o otherwise_o he_o say_v corn_n it_o be_v evident_a do_v not_o rise_v or_o fall_v by_o the_o difference_n of_o more_o or_o less_o plenty_n of_o money_n but_o by_o the_o plenty_n and_o scarcity_n that_o god_n give_v for_o our_o money_n in_o appearance_n remain_v the_o same_o the_o price_n of_o corn_n be_v double_a one_o year_n to_o what_o it_o be_v the_o precedent_n but_o from_o thence_o infer_v we_o must_v certain_o make_v account_n that_o if_o the_o money_n be_v make_v a_o five_o light_a it_o will_v buy_v one_o five_o less_o corn_n communibus_fw-la annis_n i_o must_v confess_v i_o can_v understand_v this_o consequence_n when_o in_o the_o beginning_n he_o say_v corn_n do_v not_o rise_v and_o fall_v from_o the_o difference_n of_o the_o money_n for_o if_o the_o lightness_n or_o heaviness_n of_o the_o money_n have_v any_o influence_n over_o the_o price_n of_o commodity_n than_o all_o sort_n of_o commodity_n ought_v to_o be_v cheap_a when_o the_o money_n be_v heavy_a and_o dear_a when_o the_o money_n be_v light_a and_o the_o price_n of_o thing_n can_v never_o alter_v but_o when_o the_o money_n alter_v for_o the_o cause_n be_v the_o same_o the_o effect_n ought_v to_o be_v the_o same_o whereas_o it_o be_v plain_a some_o good_n never_o alter_v their_o price_n as_o the_o beer_n and_o ale_n that_o be_v sell_v the_o brewer_n run_v the_o risque_n of_o the_o dearness_n of_o the_o coal_n hop_n and_o malt_n when_o those_o good_n be_v dear_a he_o gain_v less_o by_o brew_v but_o always_o sell_v his_o beer_n and_o ale_n at_o one_o price_n let_v the_o money_n be_v what_o it_o will_v other_o good_n such_o as_o all_o sort_n of_o grain_n coal_n and_o other_o commodity_n alter_v their_o price_n almost_o every_o month_n and_o the_o coal_n be_v sometime_o but_o half_o the_o value_n to_o what_o they_o be_v the_o month_n before_o so_o that_o if_o these_o different_a alteration_n in_o price_n arise_v from_o the_o value_n of_o the_o money_n it_o will_v follow_v that_o both_o the_o good_a and_o bad_a money_n make_v thing_n dear_a as_o well_o as_o cheap_a and_o the_o same_o cause_n at_o the_o same_o time_n to_o have_v two_o contrary_a effect_n which_o can_v be_v but_o to_o conclude_v with_o answer_v this_o objection_n if_o the_o argument_n that_o have_v be_v already_o use_v to_o show_v that_o money_n have_v not_o its_o value_n from_o the_o quantity_n of_o silver_n in_o each_o piece_n do_v not_o satisfy_v i_o will_v advise_v such_o gentleman_n always_o to_o receive_v their_o money_n by_o weight_n and_o try_v if_o they_o can_v introduce_v such_o a_o custom_n for_o they_o can_v never_o have_v their_o money_n equal_a by_o tale_n for_o if_o any_o man_n receive_v and_o hundred_o pound_n and_o divide_v it_o into_o five_o twenty_n there_o will_v be_v the_o difference_n unless_o it_o be_v all_o new_a money_n of_o five_o or_o ten_o shilling_n in_o the_o weight_n of_o some_o of_o the_o twenty_o pound_n though_o by_o the_o tale_n they_o be_v even_o as_o to_o the_o objection_n that_o mr._n lock_n make_v from_o a_o simile_n when_o he_o say_v that_o money_n be_v the_o measure_n of_o commerce_n and_o traffic_n so_o that_o if_o the_o money_n be_v make_v light_a it_o will_v be_v the_o same_o thing_n as_o if_o the_o government_n shall_v cut_v their_o yard_n short_a the_o cloth_n that_o be_v measure_v by_o such_o a_o yard_n will_v be_v so_o much_o less_o and_o so_o will_v the_o quantity_n of_o the_o good_n be_v that_o be_v buy_v with_o the_o money_n that_o be_v make_v light_a it_o be_v ground_v upon_o the_o same_o supposition_n and_o will_v be_v true_a if_o money_n be_v the_o measure_n of_o commerce_n by_o the_o quantity_n of_o silver_n in_o each_o piece_n but_o if_o it_o be_v the_o measure_n of_o commerce_n from_o the_o authority_n of_o the_o government_n if_o the_o authority_n be_v the_o same_o the_o measure_n will_v no_o more_o be_v alter_v by_o make_v the_o money_n light_a than_o if_o the_o yard_n be_v split_v in_o two_o so_o that_o the_o length_n be_v not_o alter_v it_o will_v then_o make_v two_o yard_n and_o measure_n as_o much_o cloth_n as_o if_o it_o have_v not_o be_v split_v though_o there_o be_v but_o half_a the_o quantity_n of_o wood_n in_o each_o yard_n as_o to_o the_o other_o objection_n of_o the_o landlord_n and_o creditor_n that_o if_o the_o money_n shall_v be_v make_v light_a they_o will_v lose_v so_o much_o in_o their_o rent_n debt_n and_o contract_n the_o answer_n be_v that_o the_o money_n have_v its_o value_n from_o the_o authority_n of_o the_o government_n be_v always_o of_o the_o same_o goodness_n and_o value_n and_o that_o the_o money_n if_o it_o be_v make_v light_a will_v be_v as_o good_a to_o all_o purpose_n as_o money_n as_o it_o be_v in_o the_o reign_n of_o harry_n the_o six_o when_o it_o have_v double_a the_o weight_n of_o silver_n in_o it_o which_o will_v be_v no_o advantage_n but_o to_o those_o that_o melt_v it_o and_o therefore_o they_o can_v lose_v in_o their_o rent_n debt_n etc._n etc._n if_o the_o money_n be_v always_o of_o the_o same_o value_n and_o if_o they_o be_v not_o satisfy_v with_o the_o argument_n that_o have_v be_v use_v to_o prove_v that_o money_n have_v its_o value_n from_o the_o authority_n of_o the_o government_n that_o such_o person_n may_v not_o be_v loser_n in_o their_o imagination_n if_o the_o parliament_n shall_v think_v fit_a to_o alter_v the_o standard_n and_o raise_v the_o crown_n to_o six_o shilling_n they_o shall_v have_v my_o vote_n for_o a_o proviso_n in_o the_o act_n that_o all_o such_o person_n that_o have_v let_v their_o land_n or_o lend_v money_n upon_o mortgage_n bond_n or_o contract_n within_o these_o last_o one_o or_o two_o and_o twenty_o year_n which_o be_v as_o long_o as_o lease_n be_v let_v and_o long_o than_o mortgage_n or_o bond_n general_o continue_v shall_v have_v the_o same_o weight_n of_o money_n pay_v they_o out_o of_o the_o exchequer_n as_o the_o money_n weigh_v when_o they_o let_v such_o land_n or_o lend_v it_o upon_o bond_n mortgage_n or_o contract_n and_o because_o such_o gentleman_n perhaps_o may_v not_o keep_v a_o account_n of_o what_o their_o money_n weigh_v then_o let_v the_o account_n be_v take_v from_o the_o teller_n book_n in_o the_o exchequer_n it_o be_v their_o custom_n to_o weigh_v every_o hundred_o pound_n after_o it_o be_v tell_v and_o enter_v the_o weight_n in_o their_o book_n and_o put_v a_o ticket_n of_o the_o weight_n to_o the_o bag_n to_o save_v they_o the_o trouble_n of_o tell_v the_o money_n twice_o by_o this_o proposal_n such_o gentleman_n will_v have_v no_o reason_n to_o complain_v for_o according_a to_o their_o own_o opinion_n if_o they_o have_v the_o same_o weight_n of_o silver_n they_o can_v be_v loser_n and_o yet_o i_o believe_v the_o government_n will_v be_v a_o gainer_n by_o the_o proposition_n though_o the_o money_n be_v coin_v a_o six_o part_n light_a than_o according_a to_o the_o present_a standard_n for_o if_o those_o book_n be_v examine_v perhaps_o it_o will_v be_v find_v that_o a_o hundred_o pound_n have_v not_o weigh_v one_o bag_n with_o another_o seven_o and_o twenty_o pound_n for_o these_o last_o one_o or_o two_o and_o twenty_o year_n whereas_o it_o ought_v to_o weigh_v according_a to_o the_o standard_n thirty_o two_o pound_n three_o ounce_n by_o such_o a_o proviso_n these_o gentleman_n be_v save_v they_o may_v thereupon_o consent_v to_o the_o raise_n of_o the_o money_n to_o prevent_v those_o great_a inconvenience_n which_o in_o my_o opinion_n will_v certain_o follow_v if_o the_o money_n be_v not_o raise_v there_o be_v another_o objection_n which_o some_o gentleman_n use_v against_o raise_v the_o value_n of_o the_o money_n that_o it_o will_v be_v a_o discredit_v to_o the_o nation_n to_o make_v their_o money_n light_a and_o in_o their_o argument_n contend_v much_o for_o the_o honour_n of_o the_o standard_n of_o england_n and_o think_v it_o be_v their_o duty_n to_o defend_v it_o and_o that_o his_o majesty_n money_n ought_v to_o be_v of_o as_o great_a weight_n and_o value_n as_o his_o predecessor_n be_v of_o the_o opinion_n that_o the_o money_n have_v its_o sole_a value_n from_o the_o quantity_n of_o

house_n of_o commons_o vote_v that_o they_o shall_v not_o exceed_v eight_o and_o twenty_o every_o man_n present_o refuse_v to_o take_v they_o for_o more_o and_o upon_o another_o resolution_n that_o they_o shall_v not_o exceed_v six_o and_o twenty_o and_o not_o declare_v at_o what_o price_n they_o shall_v be_v currant_n no_o man_n since_o will_v take_v they_o for_o more_o than_o six_o and_o twenty_o must_v refuse_v to_o take_v they_o at_o so_o much_o and_o some_o refuse_v the_o take_n of_o they_o at_o any_o price_n so_o that_o silver_n will_v no_o more_o pass_v for_o money_n than_o gold_n unless_o the_o price_n of_o each_o piece_n be_v fix_v by_o public_a authority_n the_o argument_n that_o have_v be_v use_v to_o show_v that_o it_o be_v impracticable_a to_o make_v up_o the_o rar_fw-la of_o the_o coin_n from_o the_o quantity_n of_o money_n in_o each_o piece_n because_o of_o the_o great_a difference_n in_o the_o standard_n the_o unequal_a division_n of_o the_o money_n and_o the_o infinite_a number_n of_o fraction_n in_o the_o quantity_n of_o silver_n in_o every_o piece_n be_v of_o use_n to_o prove_v that_o the_o par_fw-fr of_o monies_n be_v from_o the_o valuation_n that_o each_o government_n set_v upon_o their_o coin_n or_o else_o there_o can_v be_v no_o bargain_n make_v upon_o a_o equal_a foot_n there_o be_v such_o a_o certain_a difference_n in_o the_o quantity_n of_o the_o silver_n in_o the_o several_a coin_n which_o can_v never_o be_v remedy_v unless_o public_a authority_n have_v fix_v the_o value_n to_o their_o money_n by_o which_o all_o those_o fraction_n and_o inequality_n in_o the_o several_a coin_n be_v even_v and_o one_o piece_n of_o money_n be_v as_o good_a as_o another_o in_o the_o country_n where_o each_o piece_n be_v coin_v according_a to_o the_o valuation_n that_o be_v set_v upon_o it_o which_o be_v describe_v by_o the_o stamp_n and_o size_n of_o the_o piece_n though_o they_o differ_v great_o in_o the_o quantity_n of_o silver_n now_o if_o it_o be_v true_a in_o itself_o that_o nothing_o have_v a_o value_n or_o price_n that_o the_o value_n of_o all_o thing_n arise_v from_o their_o use_n it_o will_v be_v no_o strange_a consequence_n that_o money_n shall_v have_v a_o value_n from_o the_o great_a use_n of_o it_o above_o the_o price_n of_o bullion_n or_o the_o metal_n that_o bear_v the_o impression_n and_o that_o the_o government_n shall_v have_v power_n to_o set_v and_o fix_v a_o value_n or_o price_n upon_o their_o money_n as_o well_o as_o the_o merchant_n and_o trader_n upon_o their_o good_n and_o ware_n and_o that_o it_o be_v as_o reasonable_a to_o allow_v the_o government_n some_o value_n for_o their_o stamp_n upon_o their_o money_n above_o the_o price_n of_o the_o metal_n as_o to_o pay_v the_o goldsmith_n for_o the_o fashion_n of_o their_o plate_n or_o the_o ingrave_a or_o carver_n for_o the_o impression_n on_o his_o medal_n and_o why_o shall_v it_o seem_v so_o strange_a that_o a_o new_a piece_n of_o coin_n shall_v have_v a_o value_n above_o the_o price_n of_o the_o metal_n which_o be_v seldom_o above_o sixpence_n or_o eight_o penny_n in_o five_o shilling_n be_v not_o above_o a_o ten_o part_v more_o than_o the_o value_n of_o the_o metal_n when_o a_o old_a piece_n of_o coin_n grow_v scarce_o be_v seldom_o less_o than_o double_a the_o value_n and_o some_o of_o they_o exceed_v ten_o twenty_o and_o a_o hundred_o time_n the_o value_n of_o the_o metal_n a_o milled_a crown_n of_o oliver_n be_v now_o worth_a twenty_o shilling_n to_o be_v sell_v and_o a_o otbo_n head_n and_o some_o other_o roman_a coin_n be_v worth_a a_o hundred_o time_n the_o value_n of_o the_o metal_n that_o bear_v the_o impression_n beside_o there_o be_v a_o great_a reason_n for_o the_o value_n of_o the_o money_n because_o by_o the_o authority_n of_o the_o government_n it_o be_v make_v current_n and_o lawful_a money_n and_o every_o body_n be_v oblige_v to_o take_v it_o and_o therefore_o no_o person_n can_v be_v a_o loser_n by_o take_v of_o it_o because_o another_o person_n be_v to_o take_v it_o of_o he_o again_o for_o the_o same_o value_n the_o stamp_n upon_o the_o money_n be_v the_o seal_n of_o the_o government_n so_o that_o if_o there_o be_v not_o a_o law_n to_o make_v it_o current_n and_o have_v only_o the_o king_n seal_n or_o stamp_n upon_o it_o it_o ought_v rather_o to_o have_v a_o better_a or_o at_o least_o the_o same_o value_n as_o a_o bank_n note_v or_o any_o private_a person_n be_v bond_n or_o seal_n which_o only_o show_v that_o the_o person_n who_o note_n or_o seal_v it_o be_v be_v oblige_v to_o pay_v or_o exchange_v it_o and_o it_o there_o be_v no_o other_o obligation_n from_o the_o king_n stamp_n than_o to_o show_v that_o the_o king_n will_v take_v it_o in_o his_o revenue_n it_o will_v give_v it_o a_o sufficient_a currency_n though_o there_o be_v no_o law_n to_o make_v it_o current_n it_o be_v the_o currancy_n of_o the_o coin_n that_o all_o man_n regard_v more_o than_o the_o quantity_n of_o the_o siver_z in_o it_o for_o the_o difference_n of_o the_o fineness_n of_o the_o silver_n and_o the_o number_n of_o the_o grain_n in_o each_o piece_n of_o silver_n few_o person_n be_v acquaint_v with_o not_o one_o in_o a_o thousand_o can_v tell_v how_o many_o grain_n of_o fine_a silver_n there_o be_v in_o a_o crown_n halscrown_n shilling_n or_o sixpence_n therefore_o to_o what_o purpose_n shall_v the_o stamp_n be_v set_v to_o be_v a_o voucher_n to_o the_o weight_n and_o fineness_n as_o mr._n locke_n affirm_v which_o no_o person_n inquire_v after_o or_o desire_v to_o know_v it_o be_v the_o currant_n and_o lawful_a money_n of_o england_n that_o man_n contract_v for_o and_o oblige_v themselves_o in_o their_o bond_n to_o pay_v and_o if_o it_o be_v the_o quantity_n of_o silver_n in_o the_o money_n that_o man_n regard_v they_o certain_o will_v express_v it_o in_o their_o bond_n and_o contract_n and_o have_v faid_a currant_n and_o lawful_a money_n contain_v so_o many_o ounce_n and_o grain_n of_o fine_a silver_n for_o money_n do_v wear_v and_o grow_v light_a by_o often_o tell_v over_o so_o that_o if_o it_o be_v true_a that_o it_o be_v the_o quantity_n of_o silver_n in_o the_o money_n that_o man_n give_v take_v and_o contract_n for_o in_o exchange_n for_o all_o other_o commodity_n they_o ought_v to_o make_v their_o bargain_n to_o be_v pay_v in_o money_n coin_v such_o and_o such_o a_o year_n and_o so_o set_v the_o price_n of_o their_o good_n according_a to_o the_o date_n of_o the_o year_n the_o money_n be_v coin_v in_o or_o else_o they_o will_v lose_v more_o by_o the_o difference_n in_o the_o quantity_n of_o silver_n by_o the_o age_n and_o wear_n of_o the_o money_n than_o the_o profit_n by_o the_o good_n amount_v to_o for_o it_o be_v very_o plain_a that_o the_o old_a unclipped_a broad_a money_n of_o england_n be_v wear_v ten_n per_fw-la cent._n light_a than_o the_o new-milled_a money_n so_o that_o be_v the_o quantity_n of_o the_o silver_n in_o the_o money_n be_v to_o be_v regard_v it_o will_v make_v ten_o per_fw-la cent._n difference_n in_o the_o profit_n of_o the_o bargain_n and_o yet_o no_o man_n will_v deny_v but_o that_o the_o broad_a unclipped_a money_n will_v buy_v as_o many_o good_n of_o the_o same_o value_n as_o the_o new-milled_a money_n will_v do_v and_o that_o all_o bond_n and_o contract_n be_v as_o well_o pay_v and_o satisfy_v by_o such_o old_a money_n as_o by_o the_o new_a it_o be_v the_o denomination_n and_o currency_n of_o the_o money_n that_o man_n regard_v in_o bargain_v and_o not_o the_o quantity_n of_o silver_n for_o in_o all_o part_n of_o europe_n man_n buy_v and_o sell_v by_o the_o denomination_n of_o several_a sort_n of_o money_n both_o of_o gold_n and_o silver_n that_o be_v former_o currant_n but_o now_o out_o of_o use_n and_o not_o in_o be_v as_o by_o several_a sort_n of_o dollar_n guilder-piece_n florin_n mark_n noble_n and_o groat_n of_o england_n etc._n etc._n for_o when_o prince_n be_v force_v by_o the_o rise_n of_o bullion_n to_o raise_v their_o coin_n and_o make_v their_o money_n light_a they_o often_o change_v the_o denomination_n and_o yet_o man_n keep_v their_o custom_n of_o make_v their_o bargain_n by_o the_o old_a weighty_a money_n and_o pay_v for_o their_o good_n by_o the_o new-coined_a light_a money_n as_o to_o instance_n in_o many_o country_n here_o in_o england_n they_o buy_v and_o sell_v their_o cattle_n by_o groat_n and_o noble_n which_o be_v the_o currant_n money_n and_o way_n of_o reckon_n till_o edward_n the_o vith_n day_n there_o be_v till_o then_o very_o little_a other_o silver_n money_n coin_v but_o groat_n and_o they_o be_v double_a the_o weight_n in_o proportion_n to_o what_o the_o money_n be_v now_o coin_v at_o and_o yet_o in_o pay_v and_o