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A77440 A brief memorial wherein the present case of the antient leasees, the inward pawn sub-tenants, and the outward pawn present tenants, of the Royal exchange [is] ... stated. : As also some animadversions ... relating to the ... revenue of the said place ... / By an unfeigned welwisher to the flourishing estate of the city of London ... T. P. (Theophilus Philalethes) 1674 (1674) Wing B4604; ESTC R170805 39,573 61

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Mr. Edward Carleton pray let him not be named or ranked among the precedent ones unless it be for a President and a good Example to all those as shall hereafter arrive unto the same pitch of Honour as to be ancient Leasees who rather than he would stay for a Customer to give him 150 l. Fine and 100 l. per annum for one of your great Shops which was your first Market-price hath let it since as I am informed unto honest Mr. Stephen Proctor for less than 40 l. per annum The other Instance is of your most worthy selves in your Noble and generous condescensions in Letting of late although formerly you might have had a far better price but it was then refused a Shop of the same dimensions for or near the same rate So that from hence I may very well argue with you both wayes viz. Either à majore ad minus aut à minore ad majus from these two great Shops to the rest of the small Shops proportionably or else from this small and generous Exordium untill you shall have passed through the whole entire Body of your Royal Exchange and so by degrees happily meet again where you so fairly began by the same Noble and generous Conclusion And that you may the rather be excited hereunto and not any longer suffer your said place to stand upon this tottering and sandy foundation some of you may very well remember what a precaution and early advertisement this Honourable Court had given them by the aforesaid Authour of that Book called Londons Nonsuch the which the Leasees out of the singular favour love and respect which they bore unto his Person or rather unto the Antient and good old cause of wrack rents or some other good causes and considerations them thereunto moving were pleased to stile Londons Nonsence In these words viz. Take heed lest by your Rents and Fines you build not on the Sand. Surely he saw then something beforehand which it seems hath since came to pass in a very great measure And O! the miserable effects and most dangerous consequents in all matters and things either in Ecclesiastical or temporal affairs whatsoever in winding and scrueing them up to the highest pitch and it is ten to one but in such proceedings and transactions they do marr and break all at the last whereas were there a mediocrity and a mean used in all these concerns things then would run in a far clearer and more Crystal Channel and the world it self would be at a far better pass than it is at this day And as I remember one of the Kings of France once commanding his Secretary to write down the best single word that ever he read in his life he immediately in obedience to his Majesties pleasure writes down this word viz. MODERATION And this is no more nor no less than what we are all enjoyned and commanded upon sacred record in these plain and intelligible words viz. Let your Moderation be known unto all Men c. And truly for all men who are intelligent agents et ergo rational Creatures to be modest humble and courteous in all their affairs and transactions whatsoever is a most laudable commendable and a most excellent vertue like Dame nature her self who is moderate in all her desires and when over charged we do but put her out of her course and disturb her and she takes it as a very great affront and injury offered unto her worthy self And how many Persons are there now at this day yet surviving within the limits and territories of his Majesties Realms and Dominions who were formerly in Power and Authority and for want of making use of this thing called Moderation did mar and break all their designs and enterprizes whatsoever and did split themselves upon the Rock of Extremity and Presumption as little dreaming there might come a day of an Accompt and if a man had been inspired from Heaven in those dayes with the Spirit of Prophecy although many times by natural reason one may give a shrewd guess of subsequent consequences by precedent circumstances and had gone to them and told them Gentlemen my humble request unto you is that you would please to let your Moderation be known unto all Men for my Lord the Kings most Excellent Majesty is near at hand I warrant you such a Person would have been esteemed most ridiculous impertinent fanatical and contemptible But if they had taken it into their serious thoughts and considerations and thereupon had embraced Moderation they would not have suffered so much reproach contempt in their honour and reputation as some of them I do pity them with all my heart have done since his Majesties Restauration And for any person whatsoever now adays to make any reflection upon any particular person by reason of his former in advertency and miscarriage herein it is an unworthy and inbecoming action and sure I am no sober mind would do it inasmuch as there is an act of indempnity passed by King Lords and Commons to have all these things buried in the embers of Oblivion and forgetfulness and that they would have no distinction of Persons now used save only what consists with the Longitude and Latitude of a good Christian a good Subject and a good Citizen and in the Country a good Common-Wealths man that is such a one as doth study the common good and benefit of his Neighbours and of all the parts adjacent where he shall or may survive And because many of these Men who otherwise very intelligent may be now heartily sorry for their mistakes and if in case they were in the same capacity they would never run again the same extremes and I could wish with all my heart that these books that are now in print and suffered to be sold which do so much reflect upon these mens Credit and Reputation were not tollerated inasmuch as it is in my slender apprehension a direct breach of the said Statute and act of Grace which doth so strictly prohibit and forbid the same But all this is as yet besides the matter in hand and not directly to the point although I hope they may be of some use and benefit in some cases for the strength of the Objection lyes herein viz. That you have laid out so much money already upon the rebuilding of your Royal Exchange and that in reason you ought to have so much interest for the same by way of improvement or else you might as well have thrown away your Money into the Streets or have sent it into the Island of terra incognita for a venture and it would have turned to the same accompt so that now I must proceed in a rational order and method whereby to convince your Reasons and understandings in this case or else all that I have hitherto laboured in will turn to no Accompt as to my present design Wherefore in answer thereunto I will lay down this position for a general
on no design of particular self interest enough to marr the best cause in the world I hope in time there will be such a right understanding between you and your present Tenants as that neither you nor they for the future will have any cause to repent the publication hereof And now these contesting Parties in and related unto the Royal Exchange you have them reduced already in the Title page unto these three heads viz. 1. The Antient Leasees 2. The inward Pawn Sub-tenants 3. The outward pawn Present-Tenants And all these I will take them in their Order as here they present themselves in manner and form as followeth And first for the Antient Leasees they being Stars of the first magnitude I must give them the precedency I presume it is not necessary nor requisite that I should give you a particular Catalogue here in print of every one of them by name this were indeed to pull down an old house here upon my Head but only let you know that as such they are those who before the late dreadful Fire had given over their Trades having renewed before hand several of them their Leasees for 21 years let their Shops full of braded wares at most unreasonable rates viz. for 30 40 and 50 pounds per annum for one single Shop in your Royal Exchange and in fine they are such who for several years last past have lived they and their Heires and would willingly for ever be at the same lock as making a better livelyhood thereby than keeping Shops themselves upon the labours and careful endeavours of many poor young People who by means thereof have not been able comfortably to provide for themselves and Families nor to bear up under such intolerable and insupportable burthens And of these Leasees there are two sorts viz. 1. Antient. 2. Modern I am forced to make use of and borrow this distinction on purpose hereafter to avoid a mistake and a misunderstanding from the Leasees themselves I call him a Modern Leasee who is in actual possession by Lease of his own Shop and long may he peaecably and quietly enjoy his said posession and among these there are at this day here and there one who have Leases of more Shops than their own and these do also like the precedent Leasees let the said Shops at an extraordinary rate and these men do now take up the cudgels and plead in the behalf of the Antient Leasees it being in this respect their own proper case as if they were here alwaies personally present to defend themselves Wherefore these ensuing lines are not designed nor intended against them as they are Modern but as they are Antient Leasees And now to my present purpose These are the men who after the late most dreadful Fire did so bitterly exclaim against like so many Bears robbed of their whelps and yet clearly upon a mistaken notion as the sequel hereof will plainly demonstrate your building of double Pawns within your Royal Exchange and that their Children as yet unborn would be bound to curse those who were the first projectors or petitioners for the same although in the mean time as if they had never heard of lex talionis they do not say whose Children will be bound to pray for them whose Fathers have been ruined and undone by wrack-rents before they came to be Antient Leasees And Moreover That a late Book the Title whereof was LONDON'S NONSVCH wherein double Pawns by the Author thereof was proposed deserved to be burnt by the common Hangman for the contents thereof Wherefore in vindication of all those who did petition for double Pawns and in particular for all those who gave their suffrages for the publication of the said Book I dare here take up the cudgels and will fairly and modestly argue the rationality and honest design of that Book as having diligently perused the same against the stoutest most rigid Leasee of them all And pray what was the design of that book if a man now may be so bold as to ask them if any of you have read it or have any desire to peruse the same I fear very few of the former Committees by reason of the bitter railings and clamors of the Leasees against it although licensed by Authority though it worth their perusal you will find that the main and principal design of the Author therein and for the jocular and pleasant part thereof he gives a particular account in his Epistle dedicatory to this Honourable Court was That inasmuch as the grand Committee had voted for double Pawns and that they had stretched the dimensions of the said Place unto a far greater compass than formerly that they would please thereupon to make provision therein for four pair of stairs and four Balconies within the inward Walks thereof and also that they would please to be moderate in their Rents and Fines and that two sides of the said place might be converted into deep Shops and that the Trades therein by the interposition of their authority before they let any new Leases might be so orderly placed just as it is at this day in the New Exchange where two of the same Trade cannot be placed together so as that they should not interfere or be prejudicial one to another Lo here now in paucis Verbis the design of that most malignant and contemptible Book and if this was not then and will be still the interest of your selves in respect of your present and future revenue and also the interest of all your Tenants as to their equal accommodation I must ingenuously here declare I have no reason nor understanding as to the premises now left or remaining in me But it is well that I have an instance ready at hand which will be right worthy also of your Honours particular observation for confirmation hereof and an instance taken pro Confesso from an adverse Party is a dilemma indeed viz. That those very men who did so much clamor and most bitterly inveigh against the said Book as ridiculous nonsensical scandalous and many the like opprobrious and contemptible terms did in a short time after come to the said Authour and to the rest of your outward pawn Tenants to request them that inasmuch as they wanted Aire in their inward Walks that they would please to joyn with them in an humble petition to the grand Committee to procure themselves four Balconies within the said Place unto the which they did very willingly and readily assent although according to the narrow and straight laced principles of meer policy and self interest it was a disadvantage unto them and although their petition was thereupon granted yet the said Balconies are now but a botch in comparison of what they might have been had they been built before those prison Windows as a worthy member of this Committee by name Sir Thomas Player coming upon a surveigh was pleased to call them were first erected And Moreover that you may see how