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A06785 The center of The circle of commerce. Or, A refutation of a treatise, intituled The circle of commerce, or The ballance of trade, lately published by E.M. By Gerard Malynes merchant Malynes, Gerard, fl. 1586-1641. 1623 (1623) STC 17221; ESTC S111905 76,643 152

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to comfort the heart of our Natiue Commodities are put in obliuion Tobacco is imported in the liew of Spanish Royalls and Pistolets which causeth the prises the Hammers of the Mint to be weake and faint the Vrine they found to be of a cleere greenish colour proceeding from weakne● and the vse of too much white Wine sophisticated into Claret the Leggs full of dropsicke humors of consumption by the immoderate wearing of Veluets Silkes Cambricks and Lawnes engendring an ouerballancing or surfet of forreine commodities so that the Vitall Spirits of Bullion and Monly doth languish with a continuall Flux of exportation Considering the internal parts they found the liuer Money obstructed and the condinct pipes of Bullion and Moneys for importation stopt whereby the Hepaties could not minister good bloud with spirits sufficient to comfort the heart of our natiue commodities by a naturall heate for the gaule of Customes and impositions is ouerflown also depriuing the stomacke of his appetie hence the braine Exchange wanting sleepe is distempered whereby the body is ouertaken with a Trepidation or shaking shewing the very Symptomes of death Hereupon some Empricke being more forward then the learned Phisitians did deliuer his opinion that the said body by a surset or ouerballancing of forreine commodities is fallen into a consumption yet that nature is so strong that without Phisicke she will recouer againe her former health in progresse of time But herein he shall finde himselfe as much deceiued as the Spaniard was who being to go a iourney on foote resolued to go fasting conceiuing he should go the lighter but fainting by the way cryed out Aora hallo que las Tripas Ile●●anel vientre y no el vientpe las Tripas now do I find that the Guts do carry the Belly not the Belly the whereupon he vsed afterwards meate and 〈◊〉 for his sustenance vpon the like occasion and found on the contrary that the abuse thereof did 〈…〉 surfeits in the Body naturall euen as the abuse of money and exchanges doth in the Body of Traffique whereunto Phisicke must be ministred vpon necessitie according to the disease Another Practitioner in Phisicke was of opinion that the Flux of exportation should be diuerted and stopt by opening the Meridian Veyne suffering moneys to be exported at the pleasure of Merchants but vpon better consideration of the weaknes of the Body through the former profusion of Bloud he did alter the said opinion obseruing that Art giuen no facility when nature wanteth ability for to increase Manufactures and Fishing thereby to cu●● the said surfeit or ouerballancing Whereupon the learned Phisitians of experience hauing examined the causes of the diseases of this Body did resolue to apply and vse proper Remedies First That the continuall Flux of exportation of our moneys must be stopt by taking away the cause thereof which is Gaine had vpon moneys proceeding of the vndervaluation of our moneys in exchange and the inhauncing of moneys beyond the Seas Next That the obstruction of the Liuer Money and the conduict Pipes of Spanish Royalls and Germaine Dollers must be opened by the meanes of the Braine Exchange to minister good Bloud and Spirits to the Heart of our natiue Commodities to make a liuely Trade whereby Bullion brought to the Mint will cause the hammers as the 〈◊〉 of the Body of Trade to beate with temperate strokes by meanes whereof the distemperature of the Braine Exchange will be qualified the bitternes of the Gaule shall prouoke appetie when customes and impositions shall be moderated in the rates without diminution of substance the Sin●wes of the necessary ancient Statutes and Proclamations for the gouernment of Trade will be corroborated the Eye sight will be illuminated when the ouer much smoake of Tobacco is vanished away and the Complection will be liuely when Merchants shall be encouraged Wee shall not neede to vse Mechoacan or Indian Rootes against the Dropsie or Prohibitions against the ouermuch importation of forreine Commodities in the wearing of them which will enforce the like vse in other Countries for the humors of the Leggs will be euacuated and the convulsion of the face by our natiue Commodities truely made and vented will be extenuated for plenty of money shal aduance the quantity and price of them and abate the price of forreine Commodities whereby the Surfit or ouerballancing will be remedded if we preserue the good Bloud in the Body by the wisedome of the Braine Exchange where the seate of Iudgement is placed to increase the same for the comfort of the Heart our natiue Commodities which shall receiue thereby his tintered Chylus by his owne mouth and stomacke and the bloud full of Spirits shall fill all the veines and strengthen the Sinowes by supplying the want of moneys the easie course and recourse of whose Exchange finding rest by the Basis of true valuation shall supple the Ioynts and settle the bloud to serue all mens turnes whereby the said shaking of the body will cease the colour of the vrine will be rectified the too much vse of white Wine shall not be so much offensiue but in some measure reioyce the Heart and take away the melancholike disease of the mind which commonly procureth the disease of the Body Finally The Body will be cured of the said consumption and grow fat againe by a true and lawfull replection of the generall good of the King and Common-wealth through Gods blessings If this Allegory be truely considered we shall find that therein is a liuely expression of the diseases of the Politike Body of Trade and if a naturall Body had all the said diseases there is no other remedy nor way to to cure the same but after the maner here declared as the learned Phisitians of experience will confesse for the reasons are plaine and euident and without Phisicke it is impossible to cure it Will any man of iudgement thinke that the Flux will be stopt of course by the strength of nature so long as we minister such things which of themselues are laxitiue Or shall we expect that the Veines will be filled with Bloud when the Hepaties want their operation Or if Bloud did increase shall the Body receiue nutriment so long as there is a profusion of Bloud Or shall the Heart be comforted with the liuely spirits of the Bloud Shall the Braine receiue rest vnlesse she doe finde meanes to strengthen the Heart and that the Liuer the Heart and the 〈◊〉 may all in one Simpathy performe their functions The Stomacke cannot disgest euery thing prouoketh a surfet the Gaule by her ouerstowing hindereth appetite which bringeth a distemperature to the whole Body and filleth the same with crude humours engendring Dropsies and other diseases which at last turne into a consumption the Braine wanteth sleepe for the spirits are fatigated and troubled To make application hereof to the Body Politike of Trade we know that euen as in naturall Bodies the Heart which is the Center of the Body receiueth life
moneys and exchanges haue been made as in the margent In primo of King Henry the eight Sir Thomas Bullen Knight was the Kings exchanger by Letters Patents for all changes and rechanges for forraine parts as by the Records appeareth in his Maiesties Exchequer and there also you shall finde that during the r●igne of the said king Henry the seuenth one Petrus Contarin a Veneti●n Merch●nt was sued in the tenth yeare of his raigne vpon the said Statutes and the like ●u●e was brought in the ninteenth yeare following against Dominico Polli●o●o the Popes collector And Lorenzo Alb●rti vpon the like condemnation did pay 933 l. Graftons Cron. This caused the said King Henry the eight in the twenty two yeare of his Raigne to make a very seuere Proclamation that no person should make any exchange contrary to the true meaning of the said Acts and Statutes but as Warres discompound all good orders and necessity hath no law so in the latter end of this Kings Raigne by reason of the base money then coyned this office of exchanges did discontinue And in Edward the sixt his time the practise of exchange was for a time prohibited but vpon vrgent necessity of the conueniences therof againe admitted vnto Merchants In the beginning of the Raign of the late Queen Elizabeth of blessed memory the abuses of exchanges were called in question by M r. Hussly gouernour of the Merchants Aduenturors afterwards the Lord Burghley Lord Treasurer of England had a grant by Letters Patents of the said office for 23. yeares who not being informed how the same should be truely Gouerned after Proclamation made could not finde conuenient meanes to establish the same this in progresse of time did touch the said Lord so much in his honor and reputation that his Sonne Sir Robert Cecill Lord Treasurer of England after him would neuer incline to establish the said office much lesse to reforme the abuses thereof besides some other consideration might moue him because the busines was propounded by others So that Misselden doth speake vntruly that the same was reiected P. 92. for it hath still continued and beene in agitation euen as the fishing Trade hitherto neglected whereof more hereafter The importancy of the matter of exchange Treaties of Exchanges with other Princes doth not onely appeare by the said generall Acts of Parliament hitherto vnrepealed and now most necessary then euer to be put in practise but also by diuers Treaties that the Kings of England haue had by many conferrences with other Princes and states concerning the losses sustained thereby now vtterly neglected Let it be considered what incredible losse England sustaineth when wee loose aboue two●shillings in the pound when the Dutchesse of Sauoy Regent of the Low Countries alleageth that one halfe penny in the pound losse would ruine the State of those Countries as by antient records in the Exchequer appeareth King Henry the eight being come to Callice required the Arch-dutches of Austria then gouernor of the Low Countries to permit his gold and siluer to passe currant in her Dominions a little aboue the true value thereof for the better inabling of his Souldiers and Merchants The Dutchesse dispatched Thomas Gramay generall of her mints and Iohn Dewsbrooke her Assay-master with instructions to the King of England aduertising him Notable considerations that to suffer the English coyne runne at an ouervalue was against all Statutes and ordinances of the Mint and that it would redound to the great scandall losse and harme to the common-weale and the harme and losse should be so great that it were imposible to esteeme it for the Merchant findeth that more might be gotten in England then in her Do●inions for Bullion by this ouerualuation of the English coyne would carry away all fiue gold molten and vnmolten not onely in ingotts but also in peeces of gold made in the Arch-Dukes Mint to conuert them into Angell Nobles by which meanes the Countrey and Subiects of the same should be totally consumed spoyled and destroyed which would turne to a domage inestimable The like is affirmed to ensue by the tolleration of our English siluer moneys to be ouer valued Gaine is still the Center because all Merchants for their gaine would carry into England not onely the materialls of siluer but also peeces coyned wherby the entercourse of Merchandise should cease and the Merchants should become Merchants of siluer without selling any other ware or Merchandise Furthermore she pleaded that neuer any Prince would permit strange money to passe higher then his owne but that of custome they vse the contrary And which is most effectuall she vrged that the ordinances of the Mints for the benefit of the Prince and his Subiects ought euer to be kept of good policy for a Law firme and stable forasmuch the meanes of Princes and of Noblemen together with the rents fees and wages of all his Subiects are taxed and valued and all Merchandise ruled and gouerned thereby wherefore without great necessity or evident vtility no alteration ought to be made in the price of moneys Vpon this remoustrance the Arch-Dutchesse Commissioners the Mint-masters of the Tower made assayes of all English and Flemish coynes and after long disputing and wrangling the King could neuer obtaine to haue his coyne passe at an halfe penny aboue the true value What shall wee say of these our dayes wherein we suffer so great an vnderualuation of our moneys in exchange and inhaunoing of forraine coyne whereby the Trade is decayed the Realme impouerished and euery man in a maner vndone Are all the precedent Lawes and ordinances made in vaine and forgotten When Hercules had lo●t his oxen Bateman in his Leaden gods and had long time sought them in vaine they were at last discouered by their bellowing to be in Cacus Denne now Cacos in Greeke signifieth Euill which draweth men backwards by the taile as Cacus did the oxen whenc I doe conclude that the said Lawes and ordinances are hid in Misseldens Denne for in his Circle he will take no notice of them P. 9. but keepeth them backe But thankes be giuen vnto God and honor to the King who out of his Princely care and prouidence hath Hercules strength to put the said Lawes in execution to which purpose and to aduance Trade his highnes hath beene gratiously pleased First to grant a speciall Commitee to examine the causes of the decay of Trade next an especiall Commission directed to diuers Noble Personages and Priuie Councellors of State associated with most worthy persons of quality to diuise wholsome remedies for these diseases wherein they bestow vnfatigable industry and paines to receiue all informations which may conduce them to finde out the true remedies and discerne them from all fallacies to them I doubt not my labours will be acceptable done freely and sincerely for the common good It may be that the reformation hereof hath also been reserued vntill these dayes now the