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their_o industry_n nor_o on_o the_o other_o hand_n so_o low_a as_o shall_v hinder_v man_n from_o risque_a their_o money_n in_o other_o man_n hand_n and_o so_o rather_o choose_v to_o keep_v it_o out_o of_o trade_n than_o venture_v it_o upon_o so_o small_a profit_n when_o it_o be_v too_o high_a it_o so_o hinder_v the_o merchant_n gain_n that_o he_o will_v not_o borrow_v when_o too_o low_a it_o so_o hinder_v the_o moneyed_a man_n profit_n that_o he_o will_v not_o lend_v and_o both_o these_o way_n it_o be_v a_o hindrance_n to_o trade_n but_o this_o be_v perhaps_o too_o general_a and_o loose_a a_o rule_n let_v i_o add_v that_o if_o one_o will_v consider_v money_n and_o land_n alone_o in_o relation_n one_o to_o another_o perhaps_o it_o be_v now_o at_o six_o per_fw-la cent._n in_o as_o good_a a_o proportion_n as_o be_v possible_a six_o per_fw-la cent._n be_v a_o little_a high_o than_o land_n at_o twenty_o year_n purchase_n which_o be_v the_o rate_v pretty_a near_o that_o land_n have_v 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be_v lose_v forever_o but_o in_o land_n a_o man_n can_v lose_v but_o the_o rent_n due_a for_o which_o usual_o too_o the_o stock_n upon_o the_o land_n be_v sufficient_a security_n and_o if_o a_o tenant_n run_v away_o in_o arrear_n of_o some_o rent_n the_o land_n remain_v that_o can_v be_v carry_v away_o or_o lose_v shall_v a_o man_n purchase_v good_a land_n in_o middlesex_n of_o 5_o l._n per_fw-la annum_fw-la at_o twenty_o year_n purchase_n and_o other_o land_n in_o rumney-marsh_n or_o elsewhere_o of_o the_o same_o yearly_a value_n but_o so_o situate_v that_o it_o be_v in_o danger_n to_o be_v swallow_v of_o the_o sea_n and_o be_v utter_o lose_v it_o will_v not_o be_v unreasonable_a he_o shall_v expect_v to_o have_v it_o under_o twenty_o year_n purchase_n suppose_v 16_o ½_o this_o be_v to_o bring_v it_o to_o just_a the_o case_n of_o land_n at_o twenty_o year_n purchase_n and_o money_n at_o six_o per_fw-la cent._n where_o the_o uncertainty_n of_o secure_v one_o money_n may_v well_o be_v 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cent._n i_o will_v not_o say_v high_a interest_n be_v the_o cause_n of_o it_o for_o i_o rather_o think_v that_o our_o thrive_a trade_n be_v the_o cause_n of_o high_a interest_n every_o one_o crave_v money_n to_o employ_v in_o a_o profitable_a commerce_n but_o this_o i_o think_v i_o may_v reasonable_o infer_v from_o it_o that_o lower_v of_o interest_n be_v not_o a_o sure_a way_n to_o improve_v either_o our_o trade_n or_o wealth_n to_o this_o i_o hear_v some_o say_v that_o the_o dutch_a skilful_a in_o all_o art_n of_o promote_a trade_n to_o out_o do_v we_o in_o this_o as_o well_o as_o all_o other_o advancement_n of_o it_o have_v observe_v this_o rule_n that_o when_o we_o fall_v interest_n in_o england_n from_o 10_o to_o 8._o they_o present_o sink_v interest_n in_o holland_n to_o 4_o per_fw-la cent._n and_o again_o when_o we_o lower_v it_o to_o 6_o they_o fall_v it_o to_o 3_o per_fw-la cent._n thereby_o to_o keep_v the_o advantage_n which_o the_o lowness_n of_o interest_n give_v to_o 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england_n to_o 8._o the_o dutch_a sink_v it_o in_o holland_n to_o 4_o per_fw-la cent._n by_o law_n or_o that_o there_o be_v any_o law_n make_v in_o holland_n to_o limit_v the_o rate_n of_o interest_n to_o 3_o per_fw-la cent._n when_o we_o reduce_v it_o in_o england_n to_o 6._o it_o be_v true_a john_n de_fw-fr witt_n when_o he_o manage_v the_o affair_n of_o holland_n set_v himself_o to_o lessen_v the_o public_a debt_n and_o have_v actual_o pay_v some_o and_o get_v money_n in_o a_o readiness_n to_o pay_v other_o send_v notice_n to_o all_o the_o creditor_n that_o those_o who_o will_v not_o take_v 4_o per_fw-la cent._n shall_v come_v and_o receive_v their_o money_n the_o creditor_n find_v he_o in_o earnest_n and_o know_v not_o how_o
it_o so_o difficult_a with_o all_o the_o security_n he_o can_v bring_v to_o take_v up_o 1000_o l_o all_o which_o proceed_v from_o the_o scarcity_n of_o money_n and_o bad_a security_n two_o cause_n which_o will_v not_o be_v less_o powerful_a to_o hinder_v borrow_v after_o the_o lower_a of_o 〈◊〉_d and_o i_o do_v not_o see_v how_o any_o one_o can_v imagine_v how_o reduce_v use_n to_o four_o per_fw-la cent_z shall_v abate_v their_o force_n or_o how_o lessen_v the_o reward_n of_o the_o lender_n without_o diminish_v his_o risque_n shall_v make_v he_o more_o forward_o and_o ready_a to_o lend_v so_o that_o these_o mâ—n_z whilst_o they_o talk_v that_o at_o four_o 〈…〉_z mâ—n_z will_v take_v up_o and_o â—mploy_v more_o money_n to_o the_o public_a advantage_n do_v but_o 〈◊〉_d to_o multiply_v the_o number_n of_o borrower_n among_o we_o of_o which_o it_o be_v certain_a we_o have_v too_o many_o already_o whilst_o they_o thus_o set_v man_n a_o longing_n for_o the_o golden_a day_n of_o four_o per_fw-la cent_z methinks_v they_o use_v the_o poor_a indigent_a debtor_n and_o needy_a tradesman_n as_o i_o have_v see_v prattle_v jackdaw_n do_v sometime_o their_o young_a who_o kaw_v and_o flutter_v about_o the_o nest_n set_v all_o their_o young_a one_o a_o gape_a but_o have_v nothing_o in_o their_o empty_a mouth_n but_o noise_n and_o air_n leave_v they_o as_o hungry_a as_o before_o it_o be_v true_a these_o man_n have_v find_v out_o by_o a_o cunning_a project_n how_o by_o the_o restraint_n of_o law_n to_o make_v the_o price_n of_o money_n â…“_n cheap_a and_o then_o they_o tell_v john_n a_o nokes_n that_o he_o shall_v have_v 10000_o l._n of_o it_o to_o employ_v in_o merchandise_n or_o clothing_n and_o john_n a_o style_n shall_v have_v 20000_o l._n more_o to_o pay_v his_o debt_n and_o so_o distribute_v this_o money_n as_o free_o as_o diego_n do_v his_o legacy_n which_o they_o be_v to_o have_v even_o where_o they_o can_v get_v it_o but_o till_o these_o man_n can_v instruct_v the_o forward_a borrower_n where_o they_o shall_v be_v furnish_v they_o have_v perhaps_o do_v something_o to_o increase_v man_n desire_n but_o not_o make_v money_n one_o jot_n easy_o to_o come_v by_o and_o till_o they_o do_v that_o all_o this_o sweet_a jingle_n of_o money_n in_o their_o discourse_n go_v just_a to_o the_o tune_n of_o if_o all_o the_o world_n be_v oatmeal_n methinks_v these_o undertaker_n whilst_o they_o hauâ—_n put_v man_n in_o hope_n of_o borrow_v more_o plentiful_o at_o easy_a rate_n for_o the_o supply_n of_o their_o want_n and_o trade_n have_v do_v better_a to_o have_v bethink_v themselves_o of_o a_o way_n how_o man_n need_v not_o borrow_v upon_o use_n at_o all_o for_o this_o will_v be_v much_o more_o advantageous_a and_o altogether_o as_o feisible_a for_o i_o be_o sure_a it_o be_v as_o easy_a to_o contrive_v in_o a_o country_n that_o want_v money_n in_o proportion_n to_o its_o trade_n how_o every_o man_n shall_v be_v supply_v with_o as_o much_o money_n as_o he_o need_v i._n e._n can_v employ_v in_o improvement_n of_o land_n pay_v his_o debt_n and_o return_v of_o trade_n for_o nothing_o as_o for_o four_o per_fw-mi cent_z as_o it_o be_v as_o easy_a to_o distribute_v twenty_o pair_n of_o shoe_n among_o thirty_o man_n if_o they_o pay_v nothing_o for_o they_o at_o all_o as_o if_o they_o pay_v 4_o s._n a_o pair_n ten_o of_o they_o notwithstanding_o the_o statute_n rate_n shall_v be_v reduce_v from_o 6_o s._n to_o 4_o s._n a_o pair_n will_v be_v necessitate_v to_o sit_v still_o barefoot_a as_o much_o as_o if_o they_o be_v to_o pay_v nothing_o for_o shoe_n at_o all_o either_o we_o have_v already_o more_o money_n than_o the_o owner_n will_v lend_v or_o we_o have_v not_o if_o part_n of_o the_o money_n which_o be_v now_o in_o england_n will_v not_o be_v lend_v at_o the_o rate_n interest_n be_v at_o present_a at_o will_v man_n be_v more_o ready_a to_o lend_v and_o borrower_n be_v furnish_v for_o all_o those_o brave_a purpose_n more_o plentiful_o when_o money_n be_v bring_v to_o four_o per_fw-mi cent_z if_o people_n do_v already_o lend_v all_o the_o money_n they_o have_v above_o their_o own_o occasion_n whence_o be_v those_o who_o will_v borrow_v more_o at_o 4_o per_fw-mi cent_z to_o be_v supply_v or_o be_v there_o such_o plenty_n of_o money_n and_o scarcity_n of_o borrower_n that_o there_o need_v the_o reduce_n of_o interest_n to_o 4_o per_fw-mi cent_z to_o bring_v man_n to_o take_v it_o all_o the_o imaginable_a way_n of_o increase_a money_n in_o any_o country_n be_v these_o two_o either_o to_o dig_v it_o in_o mine_n of_o our_o own_o or_o get_v it_o from_o our_o neighbour_n that_o 4_o per_fw-mi cent_z be_v not_o of_o the_o nature_n of_o the_o deâ—sing-rod_n or_o virgila_n divina_fw-la able_a to_o discover_v mine_n of_o gold_n and_o silver_n i_o believe_v will_v easy_o be_v grant_v i_o the_o way_n of_o get_v from_o foreigner_n be_v either_o by_o force_n borrow_v or_o trade_n and_o whatever_o otherways_o beside_o these_o man_n may_v fancy_n or_o propose_v for_o increase_v of_o money_n except_o they_o intend_v to_o set_v up_o for_o the_o philosopher_n stone_n will_v be_v much_o the_o same_o with_o a_o distract_a man_n device_n that_o i_o know_v who_o in_o the_o begin_n of_o his_o distemper_n first_o discover_v himself_o to_o be_v out_o of_o his_o wit_n by_o get_v together_o and_o boil_v a_o great_a number_n of_o groat_n with_o a_o design_n as_o he_o say_v to_o make_v they_o plim_o and_o grow_v thick_a that_o 4_o per_fw-mi cent_z will_v raise_v army_n discipline_n soldier_n and_o make_v man_n valiant_a and_o fit_a to_o conquer_v country_n and_o enrich_v themselves_o with_o the_o spoil_n i_o think_v be_v never_o pretend_v and_o that_o it_o will_v not_o bring_v in_o more_o of_o our_o neighbour_n money_n upon_o loan_n than_o we_o have_v at_o present_a among_o we_o be_v so_o visible_a in_o itself_o that_o it_o will_v not_o need_v any_o proof_n the_o contender_n for_o 4_o per_fw-mi cent_z look_n upon_o it_o as_o a_o undeniable_a truth_n and_o make_v use_n of_o it_o as_o a_o argument_n to_o show_v the_o advantage_n it_o will_v be_v to_o the_o nation_n by_o lessen_v the_o use_v pay_v to_o foreigner_n who_o upon_o fall_v of_o use_n will_v take_v home_o their_o money_n and_o for_o the_o last_o way_n of_o increase_v our_o money_n by_o promote_a of_o trade_n how_o much_o lower_a of_o interest_n be_v the_o way_n to_o that_o i_o have_v i_o suppose_v show_v you_o already_o have_v late_o meet_v with_o a_o little_a tract_n entitle_v a_o letter_n to_o a_o friend_n concern_v usury_n print_v in_o the_o year_n 1690_o which_o give_v in_o short_a the_o argument_n of_o some_o treatise_n print_v many_o year_n since_o for_o the_o lower_a of_o interest_n it_o may_v not_o be_v amiss_o brief_o to_o consider_v they_o 1._o a_o high_a interest_n decay_v trade_n the_o advantage_n from_o interest_n be_v great_a than_o the_o profit_n from_o trade_n which_o make_v the_o rich_a merchant_n give_v over_o and_o put_v out_o their_o stock_n to_o interest_n and_o the_o lesser_a merchant_n break._n answ._n this_o be_v print_v in_o 1621._o when_o interest_n be_v at_o 10_o per_fw-la cent._n and_o whether_o england_n have_v ever_o a_o more_o flourish_a trade_n than_o at_o that_o time_n must_v be_v leave_v to_o the_o judgement_n of_o those_o who_o have_v consider_v the_o grow_a strength_n and_o riches_n of_o this_o kingdom_n in_o q._n e._n and_o king_n i._o the_o one_a reign_n not_o that_o i_o impute_v it_o to_o high_a interest_n but_o to_o other_o cause_n i_o have_v mention_v wherein_o usury_n have_v nothing_o to_o do_v but_o if_o this_o be_v think_v a_o argument_n now_o in_o 1690_o when_o the_o legal_a interest_n be_v 6_o per_fw-mi cent_z i_o desire_v those_o who_o think_v fit_a to_o make_v use_n of_o it_o to_o name_v those_o rich_a merchant_n who_o have_v give_v over_o and_o put_v out_o their_o stock_n to_o interest_n 2._o interest_n be_v at_o 10_o per_fw-mi cent_z and_o in_o holland_z at_z 6_o our_o neighbour_n merchant_n undersell_v we_o answ._n the_o legal_a interest_n be_v here_o now_o at_o 6_o per_fw-mi cent_z and_o in_o holland_n not_o limit_v by_o law_n our_o neighbour_n merchant_n under-sell_a we_o because_o they_o live_v more_o frugal_o and_o be_v content_a with_o less_o profit_n 3._o interest_n be_v low_a in_o holland_n than_o in_o england_n their_o contribution_n to_o war_n work_v of_o piety_n and_o all_o charge_n of_o the_o state_n be_v cheap_a to_o they_o than_o to_o we_o answ._n this_o need_v a_o little_a explication_n contribution_n great_a or_o less_o i_o understand_v but_o contribution_n cheap_a or_o dear_a i_o confess_v i_o do_v not_o if_o they_o manage_v their_o war_n and_o charge_n cheap_a than_o we_o the_o blame_n be_v not_o to_o
of_o money_n fancy_n what_o you_o will_v it_o be_v but_o in_o respect_n of_o something_o you_o 〈…〉_z it_o for_o and_o be_v only_o 〈…〉_z make_v a_o less_o quantity_n of_o the_o 〈…〉_z money_n be_v make_v of_o change_n 〈…〉_z quantity_n of_o that_o thing_n 〈…〉_z to_o you_o make_v a_o law_n 〈…〉_z of_o that_o if_o your_o law_n 〈…〉_z that_o as_o much_o as_o you_o 〈…〉_z gold_n for_o they_o be_v 〈…〉_z thing_n puâ—_n in_o 〈…〉_z the_o one_o 〈…〉_z clear_a loss_n to_o the_o kingdom_n as_o you_o raise_v silver_n and_o debase_v gold_n by_o your_o law_n below_o their_o natural_a value_n if_o you_o raise_v gold_n in_o proportion_n to_o silver_n the_o same_o effect_n follow_v the_o effect_n and_o ill_a consequence_n indeed_o be_v not_o so_o easy_o observe_v in_o the_o one_o as_o in_o the_o other_o because_o your_o account_n be_v keep_v and_o your_o reckon_n all_o make_v in_o pound_n shilling_n and_o penny_n which_o be_v denomination_n of_o silver_n coin_n or_o number_n of_o they_o if_o gold_n be_v 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two_o different_a thing_n steady_o at_o the_o same_o price_n one_o with_o another_o as_o to_o keep_v two_o thing_n in_o a_o aequilibrium_fw-la where_o their_o vary_a weight_n depend_v on_o different_a cause_n put_v a_o piece_n of_o sponge_n in_o one_o scale_n and_o a_o exact_a counterpoise_n of_o silver_n in_o the_o other_o you_o will_v be_v mighty_o mistake_v if_o you_o imagine_v that_o because_o thâ—t_o they_o be_v to_o day_n equal_a they_o shall_v always_o remain_v so_o the_o weight_n of_o the_o sponge_n vary_v with_o every_o change_n of_o moisture_n in_o the_o air_n the_o silver_n in_o the_o opposite_a scale_n will_v sometime_o rise_v and_o sometime_o fall_n this_o be_v just_a the_o state_n of_o silver_n and_o gold_n in_o regard_n of_o their_o mutual_a value_n their_o proportion_n or_o use_v may_v nay_o constant_o do_v vary_v and_o with_o it_o their_o price_n for_o be_v estimate_v one_o in_o reference_n to_o the_o other_o they_o be_v as_o it_o be_v put_v in_o opposite_a scale_n 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must_v be_v coin_v all_o over_o again_o it_o will_v cost_v the_o nation_n to_o the_o mint_n 330000_o l._n if_o the_o câ—ipt_n money_n must_v escape_v because_o it_o be_v already_o as_o light_v as_o your_o new_a standard_n do_v you_o not_o own_o that_o this_o design_n of_o new_a coinage_n be_v just_a of_o the_o nature_n of_o câ—ipping_v this_o business_n of_o money_n and_o coinage_n be_v by_o some_o man_n and_o among_o they_o some_o very_a ingenious_a person_n think_v a_o great_a mystery_n and_o very_o hard_a to_o be_v understand_v not_o that_o true_o in_o itself_o it_o be_v so_o but_o because_o interest_v people_n that_o treat_v of_o it_o wrap_v up_o the_o secret_a they_o make_v advantage_n of_o in_o mystical_a obscure_a and_o unintelligible_a way_n of_o talk_v which_o man_n from_o a_o preconceived_a opinion_n of_o the_o difficulty_n of_o the_o subject_n take_v for_o sense_n in_o a_o matter_n not_o easy_a to_o be_v penetrate_v but_o by_o the_o man_n of_o art_n let_v pass_v for_o 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the_o ounce_n give_v for_o standard_n silver_n at_o the_o mint_n when_o but_o 5_o s._n 4_o d._n of_o the_o very_a same_o money_n can_v be_v give_v elsewhere_o for_o it_o it_o will_v be_v certain_o bring_v to_o the_o mint_n and_o when_o coin_v can_v be_v sell_v have_v one_o penny_n overvalue_v set_v upon_o it_o by_o the_o ounce_n for_o the_o same_o that_o other_o plate_n may_v be_v buy_v for_o so_o will_v be_v leave_v unmelted_a at_o least_o it_o will_v be_v the_o interest_n of_o any_o exporter_n to_o buy_v plate_n to_o send_v out_o before_o money_n whereas_o now_o it_o be_v his_o interest_n to_o buy_v money_n to_o send_v out_o before_o plate_n answ._n the_o author_n will_v do_v well_o to_o make_v it_o intelligible_a how_o of_o the_o money_n that_o now_o pass_v in_o england_n at_o the_o mint_n can_v be_v give_v 5_o s._n 5_o d._n the_o ounce_n for_o standard_n silver_n when_o but_o 5_o s._n 4_o d._n of_o the_o same_o money_n can_v be_v give_v elsewhere_o for_o it_o next_o how_o it_o 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overvalue_v can_v be_v set_v upon_o it_o by_o the_o oâ—neâ—_n so_o that_o it_o can_v be_v sell_v this_o be_v so_o mysterious_a that_o i_o think_v it_o near_o impossible_a for_o a_o equal_a quantity_n of_o standard_n silver_n will_v always_o be_v just_o worth_a a_o equal_a quantity_n of_o standard_n silver_n and_o it_o be_v utter_o impossible_a to_o make_v 64_o part_n of_o standard_n silver_n equal_a to_o or_o worth_a 65_o part_n of_o the_o same_o standard_n silver_n which_o be_v mean_v by_o set_v a_o penny_n overvalue_v upon_o it_o by_o the_o ounce_n if_o that_o have_v any_o meaning_n at_o all_o indeed_o by_o the_o workmanship_n of_o it_o 64_o ounce_n of_o standard_n silver_n may_v be_v make_v not_o only_o worth_a 65_o ounce_n but_o 70_o or_o 80._o but_o the_o coinage_n which_o be_v all_o the_o workmanship_n here_o be_v pay_v for_o by_o a_o tax_n i_o do_v not_o see_v how_o that_o can_v be_v reckon_v at_o all_o or_o if_o it_o be_v it_o must_v raise_v every_o 5_o s_z and_o 4_o d_o coin_v to_o above_o 5_o s._n 5_o d._n if_o i_o carry_v 64_o ounce_n of_o standard_n silver_n in_o bullion_n to_o the_o mint_n to_o be_v coin_v shall_v i_o not_o have_v just_a 64_o ounce_n back_o again_o for_o it_o in_o coin_n and_o if_o so_o can_v these_o 64_o ounce_n of_o coin_v standard_n silver_n be_v possible_o make_v worth_n 65_o ounce_n of_o the_o same_o standard_n silver_n uncoined_a when_o they_o cost_v i_o no_o more_o and_o i_o can_v for_o bare_o go_v to_o the_o mint_n have_v 64_o ounce_n of_o standard_n silver_n in_o bullion_n turn_v into_o coin_n cheapness_n of_o coinage_n in_o england_n where_o it_o cost_v nothing_o will_n indeed_o make_v money_n be_v soon_o