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Word A Word B Word C Word D Occurrence Frequency Band MI MI Band Prominent
cause_n believe_v good_a great_a 1,387 5 2.5396 3 false
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ID Title Author Corrected Date of Publication (TCP Date of Publication) STC Words Pages
A70374 A discourse concerning banks Janssen, Theodore, Sir, 1658?-1748. 1697 (1697) Wing J485A; ESTC R8919 5,076 8

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a_o discourse_n concern_v bank_n at_o this_o present_a time_n when_o so_o much_o be_v think_v to_o depend_v upon_o the_o well-modelling_a of_o a_o bank_n in_o england_n a_o short_a account_n of_o bank_n settle_v in_o other_o part_n it_o be_v hope_v will_v not_o be_v unacceptable_a to_o the_o public_a i_o be_o the_o more_o induce_v to_o give_v this_o account_n by_o the_o read_n of_o a_o paper_n late_o come_v abroad_o debate_v the_o reason_n for_o and_o against_o engraft_v full_a of_o notion_n so_o direct_o opposite_a to_o what_o i_o ever_o hear_v or_o understand_v of_o bank_n that_o there_o be_v good_a ground_n to_o believe_v the_o author_n have_v have_v a_o share_n in_o the_o management_n of_o the_o b._n of_o e._n and_o his_o opinion_n have_v prevail_v have_v be_v in_o a_o great_a measure_n the_o cause_n of_o all_o the_o false_a step_n that_o have_v bring_v so_o excellent_a a_o constitution_n under_o this_o present_a disrepute_n the_o great_a mistake_n of_o this_o gentleman_n which_o lead_v he_o into_o all_o his_o other_o error_n be_v that_o a_o bank_n ought_v to_o get_v and_o therefore_o to_o admit_v of_o new_a sharer_n in_o that_o imaginary_a profit_n be_v a_o manifest_a self-denial_n the_o best_a way_n to_o confute_v his_o opinion_n will_v be_v to_o show_v the_o practice_n of_o other_o bank_n and_o thereby_o make_v it_o appear_v that_o they_o have_v be_v very_o useful_a to_o the_o public_a and_o wonderful_o beneficial_a to_o themselves_o without_o ever_o aim_v at_o any_o other_o advantage_n than_o that_o of_o circulate_v the_o whole_a upon_o part_n of_o the_o capital_a there_o be_v in_o several_a part_n of_o europe_n about_o 30_o bank_n they_o vary_v more_o or_o less_o in_o some_o part_n of_o their_o constitution_n or_o management_n but_o they_o be_v chief_o or_o three_o sort_n some_o be_v only_o for_o safety_n and_o conveniency_n other_o be_v for_o the_o benefit_n of_o the_o income_n only_o and_o other_o both_o for_o safety_n and_o conveniency_n and_o likewise_o for_o benefit_n and_o advantage_n of_o the_o first_o kind_n be_v the_o bank_n of_o amsterdam_n rotterdam_n hamburgh_n and_o stockholm_n these_o bank_n have_v no_o income_n no_o adventurer_n or_o sharer_n in_o their_o profit_n they_o be_v only_o great_a chest_n for_o the_o conveniency_n of_o transfer_v from_o one_o account_n to_o another_o and_o where_o merchant_n deposit_v their_o money_n if_o they_o think_v it_o safe_o there_o than_o in_o their_o own_o house_n in_o place_n of_o great_a traffic_n such_o as_o amsterdam_n and_o hamburgh_n all_o foreign_a bill_n of_o exchange_n and_o other_o great_a payment_n be_v by_o law_n to_o be_v pay_v in_o bank_n unless_o both_o party_n agree_v it_o otherwise_o but_o if_o one_o of_o the_o party_n insist_o the_o payment_n must_v be_v make_v in_o bank_n else_o it_o will_v be_v very_o difficult_a for_o great_a trader_n to_o deal_v for_o such_o vast_a sum_n as_o they_o do_v in_o both_o those_o place_n these_o bank_n be_v under_o the_o care_n and_o conduct_v of_o the_o magistracy_n of_o the_o place_n where_o they_o be_v erect_v and_o as_o they_o never_o trade_v or_o meddle_v with_o any_o business_n there_o be_v very_o little_a trouble_n in_o their_o management_n two_o or_o three_o of_o the_o magistrate_n have_v a_o eye_n upon_o the_o servant_n and_o book_n of_o transfer_v direct_v the_o whole_a matter_n the_o bank_n of_o amsterdam_n and_o hamburgh_n lend_v some_o small_a sum_n upon_o pawn_n but_o the_o sum_n they_o have_v liberty_n to_o lend_v be_v limit_v and_o the_o profit_n thereof_o accrue_v to_o the_o benefit_n of_o the_o town_n which_o defray_v the_o charge_n of_o the_o bank_n and_o be_v answerable_a for_o all_o the_o money_n lodge_v therein_o so_o that_o these_o bank_n be_v safe_a and_o secure_a and_o serve_v only_a to_o avoid_v the_o trouble_v of_o tell_v which_o conveniency_n be_v find_v of_o so_o great_a importance_n for_o carry_v on_o a_o great_a trade_n that_o no_o considerable_a trading-town_n can_v well_o be_v without_o it_o the_o bank_n of_o the_o second_o kind_n that_o be_v for_o the_o benefit_n of_o the_o income_n only_o be_v the_o bank_n of_o rome_n the_o bank_n of_o bolonia_n and_o milan_n and_o the_o bank_n of_o paris_n the_o rent_n constitute_v on_o the_o townhouse_n of_o paris_n be_v of_o the_o same_o nature_n as_o the_o rent_n of_o the_o bank_n of_o rome_n and_o some_o other_o in_o italy_n these_o bank_n be_v make_v up_o of_o a_o certain_a number_n of_o man_n who_o in_o time_n of_o war_n or_o other_o exigency_n of_o the_o state_n advance_a sum_n of_o money_n upon_o fund_n grant_v in_o perpetuum_fw-la but_o redeemable_a those_o concern_v therein_o content_v themselves_o with_o the_o interest_n else_o they_o sell_v their_o stock_n or_o part_v thereof_o when_o they_o have_v occasion_n for_o the_o principal_a but_o these_o bank_n keep_v no_o cash_n or_o ever_o have_v any_o stock_n of_o money_n they_o be_v under_o the_o management_n of_o some_o few_o overseer_n all_o equal_a in_o dignity_n that_o take_v care_n to_o divide_v the_o revenue_n to_o the_o proprietor_n only_o the_o bank_n of_o paris_n have_v the_o king_n for_o a_o governor_n who_o sometime_o dispose_v of_o the_o income_n at_o his_o pleasure_n or_o stop_v part_n thereof_o for_o his_o own_o use_n these_o bank_n be_v proper_o fund_v of_o perpetual_a interest_n transferable_a and_o redeemable_a and_o suit_n best_o with_o place_n of_o little_a traffic_n where_o the_o gather_n into_o one_o place_n a_o great_a mass_n of_o treasure_n may_v endanger_v the_o loss_n of_o it_o the_o three_o kind_n of_o bank_n that_o be_v both_o for_o the_o conveniency_n of_o the_o public_a and_o for_o the_o advantage_n of_o the_o undertaker_n be_v the_o several_a bank_n of_o naples_n one_o of_o the_o bank_n of_o bolonia_n and_o the_o bank_n of_o st._n george_n at_o genoa_n these_o bank_n do_v not_o only_o advance_v sum_n of_o money_n upon_o fund_n of_o perpetual_a interest_n at_o the_o time_n of_o their_o establishment_n but_o by_o their_o be_v a_o safe_a depository_n of_o money_n obtain_v a_o credit_n they_o have_v be_v able_a to_o lend_v great_a sum_n upon_o good_a security_n some_o of_o these_o bank_n have_v be_v prosperous_a to_o that_o degree_n as_o to_o enjoy_v their_o revenue_n upon_o their_o have_v in_o stock_n only_o one_o four_o one_o three_o or_o one_o half_a of_o the_o capital_a and_o if_o i_o be_o right_o inform_v one_o of_o they_o be_v so_o happy_a that_o the_o proprietor_n have_v the_o benefit_n of_o the_o full_a income_n without_o have_v a_o penny_n of_o their_o own_o in_o stock_n so_o great_a and_o so_o solid_a a_o credit_n have_v acquire_v to_o this_o bank_n the_o prudent_a and_o regular_a conduct_n of_o its_o director_n but_o none_o of_o all_o these_o bank_n ever_o attempt_v to_o trade_n much_o less_o concern_v themselves_o in_o exchange_n which_o of_o all_o trade_n be_v the_o most_o ticklish_a and_o dangerous_a they_o arrive_v at_o that_o vast_a credit_n by_o keep_v within_o bound_n by_o lend_v upon_o undoubted_a security_n for_o a_o short_a time_n and_o at_o a_o very_a low_a interest_n the_o bank_n that_o have_v the_o benefit_n of_o its_o full_a income_n without_o any_o capital_a of_o their_o own_o never_o exceed_v the_o rate_n of_o 4_o per_fw-la cent_n their_o constant_a practice_n be_v to_o take_v but_o 3_o per_fw-la cent_n and_o sometime_o upon_o a_o security_n to_o their_o like_n and_o entire_a satisfaction_n they_o have_v lend_v at_o 1_o per_fw-la cent_n per_fw-la annum_fw-la by_o such_o method_n they_o be_v not_o only_o look_v upon_o as_o wise_a and_o judicious_a manager_n that_o do_v not_o venture_v too_o far_o upon_o uncertainty_n but_o by_o lend_v at_o these_o low_a rate_n they_o gain_v the_o love_n of_o the_o people_n and_o no_o body_n grudge_v they_o their_o cash_n when_o they_o see_v it_o use_v more_o for_o the_o advantage_n of_o the_o public_a than_o for_o the_o private_a lucre_n of_o the_o undertaker_n the_o bank_n of_o england_n be_v of_o this_o mix_a kind_n it_o be_v square_v both_o for_o conveniency_n and_o safety_n and_o also_o for_o benefit_n and_o advantage_n no_o bank_n in_o the_o world_n ever_o be_v so_o happy_o constitute_v no_o bank_n have_v so_o great_a a_o revenue_n settle_v upon_o so_o good_a a_o fund_z and_o so_o little_o pay_v for_o it_o have_v not_o its_o manager_n aim_v at_o great_a gain_n than_o their_o income_n there_o have_v be_v no_o occasion_n to_o have_v call_v in_o more_o than_o the_o subscription-money_n which_o be_v 25_o per_fw-la cent_n their_o first_o deputy_n governour_n mr._n m._n g._n often_o use_v to_o say_v that_o he_o will_v never_o have_v call_v in_o for_o more_o have_v he_o not_o design_v some_o further_a great_a undertake_n i_o can_v tell_v whether_o those_o that_o have_v have_v the_o govern_v part_n since_o have_v act_v by_o the_o same_o