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A29547 Historical and political essays or discourses on several subjects viz. money, government, peace, war, trade, arts, navigation, exchange, usury, banks : with other projects for the improvement and raising the credit of money and trade in all parts of the world, but more particularly, relating to England : in a letter to a noble peer.; Discourse of money. 1698 Briscoe, John, fl. 1695. 1698 (1698) Wing B4751A; ESTC R37474 50,328 221

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Duty it is to be more on the watch and to look better out have receiv'd so many deep Wounds in that tender and mortal part of our Body that it seems a Miracle how we subsist and survive it while any one who should presume to probe and search this Sore to the quick by nakedly stating the Fact in our Maritime History and Conduct since the War and tho' it should be never so well meant and merely in order to the Cure of the Malady he would be thought I fear to give too much Anguish to be indur'd and such an Enterprize let the Purpose be never so honest and inoffensive would taste too bitter and look too like a Libel to be suffer'd to pass uncensur'd of Authority Thus it is with us by Sea By Land the War rages more universally and with greater Violence tho' not so sensible to our feeling here in England because our situation has hitherto secur'd us from Hostilities at our Doors and our Fields and Farms are not yet forag'd and plunder'd as our Neighbours are but what we pay as I may say to be exempted from such Violence is almost tantamount and at a long run will as certainly impoverish and undo us And we may collect from manifold Symptoms that our Destiny without some almost miraculous Means to save us is not far off Now to give you a Reason how War impoverishes the World because captious and sceptical Contenders in such Disputes will be apt to say What do you mean by broaching such Opinions and maintaining Paradoxes Does War annihilate your Money Is your Gold and Silver dissolv'd or gone into the Earth from whence 't was taken This is Malice and Trifling and nothing else To these Gentlemen then and out of respect to Truth and plain Dealing these few following Reasons of the chief Causes of Poverty and scarcity of Money by War are tender'd Let us compute by the gross we have shewn that Riches are the Product of Arts and Industry whence is inferr'd That the greater Numbers there are of Men of Business and Traffick Artizans labouring and industrious People which are the procuring Cause of Wealth the greater will be the Effect But War is a mortal Foe to Arts and Industry and consequently produces Effects directly contrary We behold Europe at this day ingag'd in a bloody and wastful War which for ought I know to the contrary imploys a Million in Arms besides Horses and Beasts of Burden destin'd by Nature's Law to the Uses of Peace and humane Ease besides some hundreds of thousands who are exercis'd about Military Matters as Arms Ammunition Stores and Utensils of War Fortifications and the like All which mighty Numbers of Men and Things are not only imploy'd in the profitable Professions of Peace but are and must be sustain'd by purchase and paid for out of the Sweat and Industry of those that are who by degrees do not only grow too few for the work but are over and above Sufferers and molested a thousand ways in their peaceful Methods of Life as namely by the Violence Rapine Insolence and Iniquity of those very People whom they are honestly with great hardship pain and parcimony labouring to maintain till at length they come to cut down the very Bough that bears them and kill the Tree by whose Harbour they were sheltred and by whose Fruit they were fed Thus the Land comes to mourn and lie waste and the Means necessary to the Support of great Armies becoming exhausted Oppression Poverty and Calamity inevitably succeed Furthermore scarcity of Money is begotten in times of Hostility from great Summs falling into Hands where it is under no regulation being prodigally and voluptuously imploy'd squander'd and scatter'd carelesly about by which means it does not circulate so currently and make such regular returns into the Publick Coffers as in times of Peace when Business and Traffick is contain'd within their proper Channels Add to these one very great further Cause of the decay and scarcity of Treasure and that is the Caution and Jealousie People are put under every one to save his own private Stake For when Demands of Publick Supplies wax pressing and Taxes begin to be felt 't is very natural for Men to begin to meditate on Self-preservation to foresee and provide for the Storm e'er it overtake them Whence those who best can whose Fortunes principally consist in Money and Moveables withdraw their Effects to Countries as far as they can from Danger others hide and conceal by a thousand Arts every thing that is Money or Moneys-worth and cover from the World's Eye every appearance of Wealth profess Poverty and practise all the methods of Parcimony imaginable to disguise and shelter themselves from the Jealousie and Tyranny of Tax-gatherers and will chuse to abide the worst Treatment those cruel Ministers can inflict rather than discover Money which they are sure will yield them Comfort in better Times And this I know to have been the Practice time out of mind in the Kingdoms of Barbary where Tyranny reigns with a high Hand where the least suspicion of Wealth suffices to expose a Man to the utmost Peril where People therefore live under a perpetual Mask and no Body enjoys the least good thing whatever he may possess but by stealth from which Cause as I have been often assur'd from the Natives themselves the better half of the Treasure of those Countries is hid in Holes and cover'd under Ground Insomuch that it is grown into a habit even among their Princes who take a Pride and Pleasure to bury their Gold This I say is another great Cause of the scarcity of Money in dangerous and hostile Times and if we may allow but a fifth or sixth part of the Treasure which would otherwise appear among us here on this side the World to have been so withdrawn and diverted there would be no doubt but such a diminution would work a good part of the Effect we are searching after To these common and evident Causes of the Evils incident to War in general we may here subjoyn why War is of late more Burthensome than heretofore and that is by the over-grown Greatness of the French Monarch that aspiring Prince who would put a Yoak on the neck of Europe conceiving that by the force of an immense Treasure whereby being inabled to bring greater Bodies of strength into the Field than was ever before practis'd in our Hostilities on this side the World he was given to hope perhaps thereby to overwhelm us which Design though we see hitherto to want the effect we are from thence nevertheless instructed in the Causes of this over-burthensome warfare whereby we are put under an invincible necessity of providing an equal Force which produces an equal Charge to withstand him which I thought necessary to Note Lastly and over and above the Impediments to our general Commerce and the Interruption thereby of our general Supplies of what we need whereby the price of Money