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Word A	Word B	Word C	Word D	Occurrence	Frequency Band	MI	MI Band	Prominent
book_n	author_n	publish_v	write_v	1,828	5	5.3252	4	false

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ID	Title	Author	Corrected Date of Publication (TCP Date of Publication)	STC	Words	Pages
A34867	Wealth discovered: or, An essay upon a late expedient for taking away all impositions and raising a revenue without taxes. Published, and presented to his most excellent Majesty, King Charles the II. By F.C. a lover of his countrey. Whereunto is added his Majesties gracious order.	Cradocke, Francis, d. 1670?	1661 (1661)	Wing C6743; ESTC R213227	47,283	54

of this Expedient that have prompted me to a second Essay the subject whereof I know to be of such importance both to his Sacred Majesty and faithfull Subjects that I could be content to be esteemed any thing so the design might take effect in order to so publique ends I confesse some have written before of Banks and under that title endeavoured to promote it in publique but it was of Banks of another nature And though others for want of better information fancy this in effect the same matter I answer such That no man yet ever wrote of Banks in this manner desiring whomsoever pretends I have done him Prejudice to do himself right in Print which will be answered and the Controversie be decided like that of Solomon between the two Harlots For such reports tend more to destroy then advance or further the Proposal and I may truely take up that Excuse for all incident Errors which Lucreti●● doth even in this very case that Avia Pieridum peragro loca nullius ante Trita solo I confesse the Books which I have seen written upon the subject of Banks for I go not beyond the compass of mine own Library are Malynes in his Lex M●r●atorin Lewis Roberts in his Mappe of Commerce Henry Robertson in his Book entituled Trades Encrease 〈◊〉 England 's Safety and Samuel Lamb in his Book styled Seasonable Observations In all which I finde nothing more then an Encouragement for us in England to imitate others in Forain parts or a Declaration of what is now practised in Holland Genoway Florence c. and that also by Banks of Money which neither there take away the Peoples burthens nor augment the publick Revenue But the task I have now undertaken is to prove and shew how Banks may be here erected without Money that shall answer all the ends of Banks of Money established abroad How all men wanting Money may be supplyed at a low Interest to their satisfaction yet not with Money How the Stock of the Kingdom may be encreased to five times more then ever this Nation was owner of in Coyn of as true an intrinsique value as Gold and Silver with an encrease both of Forain and Inland Trade accordingly also without Money and how a very great yearly Revenue exceeding any the former Kings of England may be thereby raised in Money And all to be done by the ease of and accommodation to the people But as I must not make the dore wider then the room neither may I be larger in promising least I incurre the censure of some Vtopian Student so may I not omit the remembrance of Mr. William Potter whose name I finde written in a Book published by the ingenuous Author Samuel Hartlib Esq entituled his Legacy of Husbandry wherein are some hints of a Land-bank or an improvement of Lands never thought on in former Ages contained in a Manuscript written by the said Mr. Potter Which although I have not perused yet by discourse had with the Gentleman I cannot but render him an Ingenuous person and of a publique spirit I wish there were more such that would labour to promote so profitable a design or that would but spare time to read what is here written wherein I presume many will receive so good satisfaction as that they will become furtherers of it in what they may My request to all is that none will pre-judge of it before the reading and that those who begin to read part will end the whole which is not long considering the subject and if not thereby satisfied the Author will be ready at all times more fully to explain it for the understanding of such as desire it or make amends in reading twice as much of theirs to as little purpose From my Lodgings at the Lyon and Sugar loaf at Charing-cross the 25 of April 1661. By a Well-wisher of his Countreyes good Fran. Cradocke Wealth Discovered SUch is the unhappiness of our Age that most men delight more in the enjoying what they have then industriously to seek for what they want or have not and it 's seldom seen of the few Ingenious persons who out of love to their Neighbours or Native Countrey expend the greatest part and prime of their years in study to contrive the publique good that such endeavours are held acceptable further then to be scan'd for information to shew us how far our particular may stand concerned or rather how we may apply it so as to reap a singular benefit without admitting others to share therein By which means and for want of some better incouragement by publick Authority I presume many the ingenious Inventions of persons small in power and of weak Interest have been either stifled in their birth or laid asleep to be awakened again some years after when perhaps they come presented to the World by an ambitious Stepfather so metamorphosed to make the people believe it 's of his own begetting that wanting all naturall helps they thrive not at all or at least so little to purpose that they bring a scandal and reproach to others of worth and desert insomuch that the name of Projector is with us esteemed and given in derision when the Ancients attributed the most Divine Honours to the Authors of Noble Inventions and gave only the Honour or Title of Heroes to the founders of Cities Law-makers or the Deliverers of their Countrey from Tyranny and the like Which they did upon this just ground for that the benefits of new Inventions may extend to all mankinde universal but the good of Civil Atchievements can respect but some particulars and of the many profitable and rare Inventions found out for the help and accommodation of mankinde throughout the World how few can England especially of late years boast of or claim a share in as Authors to her great dishonour abroad and small incouragement of Ingenuity at home Besides let us but consider the vertue efficacy and consequences of three Mechanical Inventions but late found out and that were unknown to the Antients to wit the Art of Printing Gunpowder and the Mariners Needle which have so changed the estate and condition of almost all things in the universal world the first in the matter of Learning the second in Warre and the last in Navigation that even the very manners of men and all other affairs of Kingdoms Countreys and qualities whatsoever are become the better governed instructed enriched supported and accommodated by those Inventions and why may there not be as without peradventure there are as worthy secrets yet undiscovered or at least not yet reduced into practice I speak not this in favour of Innovations or Inventions whereby to invite others into more then a reasonable esteem of them neither would I have any to speak in a condemning or deriding way of such which perhaps may seem altogether impossible to them as being not suited to their apprehensions yet to the judgements of others may at first sight or at least upon

runs current instead thereof I answer the Land which was taken for security when the Money was lent to the people is a sufficient pawn to make good such Credit if not then the Money lent upon that security which fails is lost but if the security hold good it is the same with Money and therefore if the King might venture to lend the Money it self upon the best security the people may even as well venture to take such security it self for Money Hereupon there is no doubt but the King in order to his own security would restore this Money to the Owners and proceed without it as being first altogether superfluous secondly a great temptation to any home or in-bred disaffected spirits or Enemies Thirdly subject in process of time to the fraud of Officers if it lye dead in Bank and if it goe abroad then not so fit for daily use as Credit in the manifold respects already mentioned and if they thus proceed without the said Money they do the same thing as is here proposed The Premises considered to dispute against the aforesaid Banks grounded upon security is the same thing as to oppose the accepting of the aforesaid Money in specie if it were to be lent the Nation gratis This being so if any should ask whether the King would refuse the free Loan of so much ready Money I answer surely no 1. Because by the lending thereof to the people upon Interest a Revenue may be raised to free them from publique burthens 2. Interest might be brought to a low rate for the incouragement of Trade and without any compulsive Law 3. The filling the Land with so exceeding great a quantity of Money would by the revolution thereof quicken Trade in the highest degree 4. It would be a means to furnish the people with abundance of Stock to imploy in the Forain Trade Fishing Plantations improving their own Lands drowned and wasted Grounds Mines c. in all the three Nations 5. By such fall of Interest Land would rise much in price which besides the help of sufficient Stock and quick vent would much incourage the improvement thereof 6. Many publique burthens and grievances would be prevented thereby as is already observed viz. Oppression amongst Brokers and Extortioners the trouble charge and hazard in returning of Money high-way Thieves imprisonment for debt innumerable Law-suits losses by failers underselling the Market enhancing Forain Commodities and debasing the value of our own and in brief the burthen of all bur●●ens namely extream Poverty with divers other particulars which I shall not further repeat Now considering our present great extremity for want of Stock and Money who that loves his Countrey would be against the accepting of such an immense Treasure of good and current Coyn if it were prossered this Nation gratis And yet it plainly appears by the Premises that all this Treasure lyes within our own reach in that kinde of Bullion which is better then Money in specie and wants nothing but the meer stamp of Authority to make it current and hath this further advantage in it that it may be made use of to the Worlds end without fearing it should ever be demanded which so much Money lent gratis cannot To conclude therefore it plainly appears that the way to remove Poverty Taxes and most publique grievances and to make this Nation abound in Wealth Trade Cities Shipping People and Renown is according to means neither unpracticable nor difficult Except we renounce all humane Prudence and with the Sluggard in the Proverbs create difficulties to our selves where God hath made none POSTSCRIPT THE Author is doubtfull this proposal is mistaken as well as his person for there are some that have been pleeased to report him the Son of Cradock the Preacher so great with Cromwell to whom the same or others say he presented this Proposal without successe Also it 's reported he proposed the same thing to the Elector of Brandenburge where his projects so dislasted the people that he was forced to flie from their fury to that Prince for succor And from hence drawes a conclusion That it cannot be of worth since Cromwell and others refused to embrace it Now forasmuch as these are most notorious untruths and reported either to invalidate the Proposal or for other ends in prejudice to the Author he cannot do lesse then give this in answer And first that he is not the Son nor of Kin to the aforesaid Cradock but was the Son of another of that name who lived about 17 years since in Somerset shire neer Glastenbury in which County be had about five bundred pounds per Ann. and was also possest of so loyal a soul that had his Estate been ten times more he would have engaged all with his life which he lost in the service of his King and Countrey And as to that of divulging this Proposal to Cromwell the Author doth in the presence of God protest he never found in himself any inclination to do him the least of good much less to offer him what he esteems of so much worth and that he did not discover it to any untill he had acquainted the Lord General Monck thereof after his restoring the Secluded Members Likewise for that of promoting it in the Elector of Brandenburghs Countrey the Author doth protest he never saw that Prince nor set foot in his Countrey and therefore is abused in that also conceiving he is mistaken for some other that in Cromwells time did endeavour the establishing Banks of Money in England or else is misunderstood in a former Book of his which he so far owns as that he mentioned it in a Postscript of his late Expedient It was a book for reducing the Excise of Forain Goods under the management of the Customs for the case of the abused Merchant and at the request of some of them was printed in Richards Patliament and by the Author again reprinted after the Lord Generall had restored the Secluded Members and took effect in all such duties as were continued And since the Author for intending good and freely offering it to serve his Countrey hath not deserved those ill reports he hopeth that such as hear the like for time to come will be so ingenuous as to acquaint him of the reporters who will have as much thanks from the Author as they deserve and his short stay in England from whence so●e occasions calls him permit him to requite A TABLE of the most general and principal Heads THE benefit of Inventions and small encouragement they receive in England pag. 1 2. The Original cause and use of Money and the several sorts introduced to passe currant in Forain parts p. 2 3. Gold and Silver made the measure of Commerce It 's not the denomination or stamp of Soveraignty but the security of value that makes all Moneys currant p. 3 4. That payments are and m●y be made upon the Credit of Money as well as by Money in specie and of the descrip●ion of Banks in generall 4 5. 9 10. 17 18. That Goods Jewels and other pledges may supply the credit of Money 5 6 7. The inconveniences of Money c. 7 8 9. That Lands may be made as good or better security then Moneys or Jewels and will supply the defects of Money 8 9 10. The design for Banks in England and how the Credit of Lands Goods c. may be made to passe currant in payment from one Countrey or person to another 10 11 12 13 14. That the aforesaid credit will be esteemed as good and h●ld acceptable as the best Gold or Silver 14 15 16. 1. An Answer to such as may object That though some will approve of Credit in Bank yet others may dislike it at some times for divers reasons 16 17 18 19. 2. Objection That the introducing so much current Credit to serve instead of Money will in time evacuate the use of Money answered 19 20 21. 3. Objection That the great plenty of Money or Credit instead thereof will cause all Commodities to rise in price accordingly answered 21 22 23. 4. Objection That Usurers will be great losers by the erecting such Banks answered 23 24. 5. Objection That Widowes and Orphans will have prejudice thereby answered 24 25 26 27. The Description of petty Banks 25 26 27. 6. Objection That such Banks will not be established without registring Estates and therefore be opposed in Parliament answered 27 28 29 30 31. 7. Objection That the discovering Titles and Conveyances will rather augment then abbreviate Suits answered 32 33. How all men wanting Moneys may be supplyed at 3 per Cent. per ann for Interest Of the many advantages thereby and the disadvantages for want of a competent Stock at low Interest 33 34 35 36. 16 17 22. That a great Revenue of at least two Millions yearly will be brought into his Majesties Treasury by the ease of the people 36 37 38. 8. Objection That such as have no Lands or real Estates will have no advantage but rather a prejudice thereby answered 38 39. That his Majesty hereby at any time wanting Money may procure a Million either at home or in Forain parts without obliging others for the same 39 40. Merchants of England being averse to the erecting Banks of Money caused the Author to contrive these of another nature which will prove of much greater advantage to the Nation 8 40. A recital of a Case put by Samuel Hartlipe Esq in favour of this Credit in Bank upon Lands c. 41 42 43. FINIS