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cause_n day_n good_a great_a 2,831 5 2.5730 3 true
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ID Title Author Corrected Date of Publication (TCP Date of Publication) STC Words Pages
A55325 Discourse of trade, coyn, and paper credit, and of ways and means to gain, and retain riches to which is added the argument of a learned counsel upon an action of a case brought by the East-India-Company against Mr. Sands the interloper. Pollexfen, John, b. ca. 1638.; Pollexfen, Henry, Sir, 1632?-1691. Argument of a learned counsel upon an action of the case brought by the East-India-Company against Mr. Thomas Sands, an interloper. 1697 (1697) Wing P2778; ESTC R17145 112,364 258

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other_o loss_n that_o have_v happen_v by_o banker_n shall_v not_o be_v forget_v but_o though_o it_o may_v be_v a_o question_n whether_o the_o nation_n particular_a person_n or_o who_o have_v get_v by_o the_o paper_n credit_n as_o it_o have_v be_v hitherto_o carry_v on_o yet_o no_o doubt_n but_o if_o some_o such_o credit_n can_v be_v so_o settle_v as_o to_o avoid_v the_o danger_n beforementioned_a will_v be_v of_o great_a use_n for_o if_o a_o banker_n upon_o receipt_n of_o a_o 1000_o l._n give_v his_o note_n and_o that_o note_v circulate_a as_o money_n and_o he_o employ_v the_o 1000_o l._n receive_v which_o it_o be_v probable_a he_o will_v though_o the_o banker_n have_v only_o the_o particular_a gain_n that_o may_v be_v make_v by_o employ_v the_o 1000_o l._n in_o money_n yet_o the_o nation_n may_v reap_v some_o advantage_n by_o have_v the_o 1000_o l._n thus_o double_v as_o to_o use_v the_o note_n may_v pass_v and_o do_v service_n as_o 1000_o l._n and_o the_o money_n as_o another_o and_o 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as_o be_v contract_v before_o such_o advance_n of_o the_o coin_n as_o much_o to_o their_o advantage_n as_o usual_a but_o will_v not_o probable_o make_v they_o so_o good_a nature_a as_o to_o forgive_v we_o such_o debt_n they_o upon_o such_o advance_n will_v consult_v their_o interest_n and_o if_o they_o can_v find_v out_o some_o way_n more_o advantageous_a rather_o than_o lose_v all_o will_v carry_v out_o bullion_n or_o coin_n so_o advance_v which_o may_v be_v some_o loss_n to_o they_o and_o what_o they_o lose_v we_o may_v save_v but_o whether_o agreeable_a to_o honour_n and_o justice_n may_v be_v consider_v and_o to_o what_o account_v it_o may_v turn_v be_v it_o will_v respect_v only_o such_o debt_n as_o be_v contract_v before_o the_o advance_v of_o the_o coin_n for_o upon_o all_o occasion_n afterward_o they_o will_v advance_v the_o price_n of_o their_o commodity_n and_o all_o contract_v proportionable_a and_o secure_v themselves_o against_o the_o like_a loss_n if_o possible_a for_o 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advance_v in_o such_o a_o case_n as_o person_n in_o their_o private_a concern_v so_o nation_n will_v act_v if_o a_o particular_a trader_n that_o owe_v great_a sum_n of_o money_n to_o several_a person_n will_v shut_v himself_o up_o in_o his_o house_n and_o be_v peremptory_a he_o will_v pay_v but_o sixteen_o shilling_n of_o the_o pound_n and_o it_o appear_v to_o his_o creditor_n that_o they_o must_v take_v that_o or_o run_v a_o hazard_n of_o lose_v all_o it_o be_v probable_a that_o in_o such_o a_o case_n some_o will_v take_v his_o good_n other_o his_o debt_n other_o his_o money_n and_o be_v careful_a how_o they_o deal_v with_o he_o again_o unless_o upon_o secure_a term_n all_o argument_n that_o such_o debt_n to_o foreign_a nation_n may_v be_v pay_v by_o bill_n of_o exchange_n and_o so_o lessen_v the_o go_v out_o of_o our_o coin_n will_v upon_o examination_n appear_v fallacious_a unless_o other_o cause_n can_v be_v assign_v for_o the_o exportation_n of_o our_o bullion_n then_o for_o payment_n of_o debt_n the_o raise_v of_o our_o coin_n can_v have_v no_o effect_n as_o to_o the_o prevent_n of_o it_o unless_o it_o be_v presume_v that_o will_v make_v we_o good_a husband_n for_o the_o future_a and_o oblige_v we_o to_o contract_v sewer_a debt_n with_o such_o nation_n be_v that_o which_o we_o may_v call_v 125_o l._n must_v be_v pay_v then_o instead_o of_o 100_o l._n that_o we_o pay_v before_o if_o our_o coin_n shall_v be_v rise_v one_o five_o but_o such_o uncertain_a hope_n as_o these_o will_v not_o answer_v the_o inconvenience_n that_o may_v attend_v the_o raise_v of_o the_o coyn._n for_o all_o nation_n have_v a_o watchful_a eye_n coyn._n against_o raise_v of_o the_o coyn._n one_o upon_o another_o in_o matter_n of_o trade_n and_o coin_n and_o a_o fix_a opinion_n ground_v on_o experience_n and_o
be_v worth_a any_o thing_n considerable_a more_o than_o coin_n or_o silver_n of_o the_o same_o fineness_n that_o be_v a_o ounce_n for_o a_o ounce_n can_v be_v from_o any_o natural_a cause_n only_o by_o accident_n and_o therefore_o no_o argument_n for_o the_o advance_v of_o coin_n for_o the_o same_o accident_n may_v probable_o remain_v though_o the_o coin_n be_v never_o so_o much_o advance_v where_o there_o be_v law_n that_o allow_v of_o the_o exportation_n of_o bullion_n but_o prohibit_v the_o exportation_n of_o coin_n as_o now_o with_o we_o when_o great_a quantity_n of_o bullion_n do_v not_o come_v from_o foreign_a part_n to_o exceed_v the_o occasion_n of_o those_o that_o send_v it_o out_o to_o the_o east-indies_n or_o any_o other_o country_n where_o the_o carry_v on_o of_o trade_n or_o payment_n of_o debt_n require_v it_o bullion_n will_v not_o be_v carry_v to_o the_o mint_n to_o be_v coin_v but_o be_v sell_v without_o for_o the_o supply_n of_o those_o trader_n that_o have_v occasion_n who_o will_v give_v for_o it_o much_o above_o the_o rate_n of_o coin_n because_o may_v ship_v it_o off_o with_o impunity_n and_o need_v great_a quantity_n to_o be_v ship_v sometime_o in_o one_o bottom_n be_v loath_a to_o adventure_v the_o ship_n of_o coin_n because_o if_o a_o seizure_n may_v prove_v a_o loss_n irreparable_a but_o this_o may_v be_v observe_v that_o when_o we_o have_v plenty_n of_o milled_a money_n and_o weighty_a coin_n than_o bullion_n seldom_o exceed_v the_o value_n of_o coin_n 3_o d._n per_fw-la ounce_n since_o that_o be_v grow_v scarce_o the_o price_n much_o advance_v in_o spain_n when_o piece_n of_o eight_o be_v grow_v scarce_o at_o the_o end_n of_o a_o year_n before_o the_o galloon_n or_o fleet_n arrive_v or_o upon_o any_o delay_n or_o loss_n of_o their_o fleet_n than_o oftentimes_o be_v worth_a 8_o to_o 10_o per_fw-la cent._n exchange_v more_o than_o at_o other_o time_n but_o here_o and_o there_o and_o in_o all_o place_n occasion_v by_o such_o law_n or_o accident_n which_o the_o raise_v of_o coin_n can_v possible_o prevent_v it_o be_v as_o contrary_a to_o all_o reason_n that_o a_o ounce_n of_o silver_n coin_v shall_v not_o be_v worth_a a_o ounce_n uncoyn_v a_o little_a more_o or_o less_o if_o it_o be_v not_o for_o such_o accident_n as_o that_o a_o shilling_n shall_v not_o be_v worth_a another_o shilling_n of_o the_o same_o weight_n and_o fineness_n few_o or_o no_o precedent_n can_v be_v give_v that_o where_o any_o or_o all_o the_o coin_n of_o a_o nation_n be_v raise_v that_o the_o gain_n by_o the_o advance_n may_v redound_v to_o the_o particular_a person_n that_o have_v it_o in_o their_o custody_n in_o spain_n the_o coin_n have_v be_v often_o advance_v but_o always_o with_o a_o expectation_n to_o ease_v the_o government_n in_o payment_n in_o portugal_n be_v raise_v 25_o per_fw-la cent._n about_o anno_fw-la 1664_o because_o the_o government_n can_v not_o possible_o otherways_o get_v money_n to_o oppose_v the_o spaniard_n who_o be_v then_o enter_v that_o kingdom_n with_o a_o numerous_a army_n for_o which_o 20_o per_fw-la cent._n of_o the_o advance_v money_n be_v take_v and_o 5_o per_fw-la cent._n allow_v to_o the_o people_n to_o tempt_v they_o to_o bring_v it_o in_o in_o france_n the_o gold_n have_v be_v late_o rise_v several_a time_n but_o for_o the_o profit_n of_o the_o government_n and_o in_o all_o these_o place_n though_o do_v serve_v for_o a_o turn_n yet_o have_v occasion_v so_o much_o confusion_n complaint_n and_o disadvantage_n that_o no_o argument_n can_v be_v draw_v from_o those_o precedent_n to_o encourage_v other_o to_o do_v the_o same_o in_o all_o age_n have_v be_v look_v upon_o as_o a_o great_a discovery_n of_o poverty_n and_o like_o adventure_v the_o last_o stake_n but_o argument_n from_o necessity_n and_o self-preservation_n if_o the_o advance-money_n be_v apply_v for_o that_o end_n may_v make_v some_o excuse_n when_o no_o other_o way_n can_v be_v find_v to_o save_v a_o nation_n silver_n coin_n be_v the_o standard_n in_o all_o nation_n gold_n though_o also_o esteem_v treasure_n and_o of_o great_a value_n than_o silver_n because_o of_o its_o scarcity_n durableness_n beauty_n and_o use_v before_o other_o metal_n take_v its_o computation_n from_o silver_n the_o only_a standard_n and_o be_v usual_o reckon_v by_o the_o general_a consent_n of_o mankind_n to_o be_v worth_a about_o fifteen_o to_o one_o one_o ounce_n of_o gold_n be_v usual_o esteem_v worth_n fifteen_o ounce_n of_o silver_n be_v also_o necessary_a to_o increase_v the_o treasure_n as_o well_o as_o stock_n of_o the_o nation_n shall_v be_v coin_v exact_o in_o proportion_n to_o silver_n to_o answer_v the_o value_n put_v on_o it_o by_o common_a esteem_n otherways_o will_v give_v a_o opportunity_n to_o foreigner_n either_o to_o carry_v away_o the_o gold_n and_o bring_v silver_n or_o carry_v away_o the_o silver_n and_o bring_v gold_n as_o may_v turn_v they_o best_o to_o account_v but_o because_o a_o great_a value_n of_o gold_n may_v be_v preserve_v in_o little_a room_n and_o therefore_o with_o more_o security_n than_o silver_n impossible_a to_o keep_v it_o from_o be_v attend_v with_o some_o little_a variation_n as_o such_o conveniency_n may_v occasion_v which_o those_o that_o have_v it_o will_v take_v the_o advantage_n to_o make_v but_o gold_n be_v not_o so_o serviceable_a to_o a_o nation_n as_o silver_n because_o those_o that_o have_v it_o be_v not_o willing_a to_o make_v payment_n with_o it_o but_o apt_a to_o hoard_v it_o unless_o can_v have_v more_o for_o it_o than_o it_o be_v worth_a which_o make_v it_o rather_o a_o commodity_n to_o trade_n in_o than_o a_o conveniency_n for_o the_o carry_v on_o of_o trade_n and_o a_o part_n of_o the_o dead_a stock_n of_o the_o nation_n if_o the_o gain_v expect_v by_o some_o that_o have_v the_o coin_n now_o in_o their_o custody_n shall_v produce_v a_o combination_n to_o hoard_v it_o up_o in_o hope_n to_o put_v a_o force_n upon_o the_o government_n to_o get_v it_o raise_v 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silver_n must_v be_v raise_v not_o one_o without_o the_o other_o which_o will_v add_v to_o the_o loss_n charge_n and_o mischief_n the_o clipper_n have_v bring_v on_o we_o already_o as_o much_o more_o as_o the_o coin_n may_v be_v rise_v therefore_o it_o may_v probable_o be_v much_o easy_a and_o safe_o see_v the_o light_a of_o the_o clip_v money_n be_v take_v in_o and_o most_o new_o coin_v to_o go_v on_o reform_v the_o rest_n of_o the_o hammer_a money_n by_o allow_v a_o reasonable_a price_n to_o encourage_v person_n to_o bring_v it_o into_o the_o mint_n in_o other_o place_n as_o well_o as_o london_n that_o the_o country_n may_v also_o be_v furnish_v with_o new_a money_n by_o the_o new_a coin_n of_o it_o and_o when_o the_o rate_n be_v fix_v for_o the_o take_v it_o in_o to_o be_v coin_v if_o be_v also_o take_v in_o upon_o fund_n and_o by_o the_o receiver_n of_o the_o public_a revenue_n may_v probable_o then_o pass_v from_o hand_n to_o hand_n at_o the_o same_o rate_n by_o weight_n for_o the_o carry_v on_o of_o commerce_n till_o can_v be_v take_v in_o and_o new_o coin_v which_o shall_v be_v with_o all_o speed_n that_o our_o several_a species_n of_o coin_n may_v be_v reduce_v to_o one_o standard_n which_o be_v absolute_o necessary_a the_o raise_v of_o the_o coin_n instead_o of_o conquer_a this_o overgrow_v monster_n which_o have_v so_o much_o endanger_v the_o peace_n and_o tranquillity_n of_o the_o nation_n will_v create_v a_o new_a brood_n of_o mischief_n more_o ravenous_a than_o the_o dam_n and_o be_v rather_o augment_v than_o abate_v by_o limit_v such_o a_o advance_v to_o continue_v but_o for_o a_o short_a time_n or_o to_o be_v allow_v only_o during_o this_o present_a war._n a_o law_n so_o limit_v will_v occasion_v that_o some_o part_n of_o the_o coin_n may_v
and_o have_v most_o to_o export_v to_o which_o industry_n add_v to_o natural_a advantage_n do_v much_o contribute_v general_o have_v the_o advantage_n but_o if_o they_o shall_v take_v none_o though_o can_v live_v without_o they_o the_o like_a measure_n will_v probable_o be_v take_v by_o other_o country_n as_o million_o of_o people_n in_o this_o kingdom_n have_v no_o livelihood_n but_o what_o depend_v upon_o trade_n so_o great_a care_n shall_v be_v take_v how_o any_o stop_n be_v put_v to_o any_o branch_n of_o it_o or_o any_o thing_n allow_v that_o may_v decrease_v it_o but_o it_o be_v possible_a that_o some_o man_n may_v enrich_v themselves_o by_o and_o so_o consequent_o be_v encourage_v to_o carry_v on_o some_o trade_n that_o may_v have_v a_o quite_o contrary_a effect_n as_o to_o the_o nation_n in_o general_a where_o that_o appear_v plain_a a_o stop_n may_v be_v put_v have_v respect_n in_o all_o proceed_n of_o this_o kind_n to_o this_o general_a rule_n that_o liberty_n of_o trade_n be_v absolute_o necessary_a to_o make_v it_o great_a and_o greatness_n to_o make_v it_o beneficial_a and_o to_o observe_v it_o according_o where_o the_o foundation_n for_o trade_n be_v good_a many_o trader_n upon_o occasion_n take_v up_o money_n at_o interest_n interest_n of_o reduce_v interest_n and_o some_o be_v of_o opinion_n that_o the_o reduce_n of_o interest_n by_o law_n to_o 4_o per_fw-la cent._n be_v the_o only_a thing_n necessary_a to_o increase_v trade_n and_o enrich_v the_o nation_n it_o be_v true_a law_n have_v be_v make_v former_o for_o the_o bring_n down_o of_o interest_n and_o sometime_o for_o set_v price_n on_o some_o commodity_n and_o the_o price_n of_o interest_n have_v fall_v since_o and_o trade_n increase_v but_o it_o may_v be_v a_o question_n if_o it_o be_v occasion_v by_o those_o law_n it_o be_v next_o to_o impossible_a to_o hinder_v those_o that_o have_v money_n or_o good_n not_o to_o make_v the_o most_o some_o way_n or_o other_o here_o or_o elsewhere_o 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a_o necessity_n to_o continue_v their_o estate_n in_o trade_n and_o their_o child_n to_o continue_v the_o same_o after_o they_o and_o therefore_o it_o may_v be_v conclude_v that_o it_o be_v the_o greatness_n of_o their_o trade_n that_o be_v probable_o the_o cause_n of_o low_a interest_n and_o not_o that_o of_o their_o great_a trade_n but_o if_o they_o do_v not_o outdo_v we_o in_o frugality_n and_o parsimony_n they_o will_v have_v little_a advantage_n over_o we_o by_o the_o difference_n of_o 1_o per_fw-la cent._n in_o the_o price_n of_o interest_n money_n but_o not_o live_v at_o one_o five_o of_o the_o expense_n we_o do_v give_v they_o a_o great_a advantage_n as_o to_o the_o enrich_n those_o nation_n a_o man_n of_o 10000_o l._n estate_n not_o spend_v there_o 200_o l._n per_fw-la annum_fw-la but_o here_o it_o be_v expect_v that_o of_o the_o like_a estate_n they_o shall_v spend_v 1000_o l._n the_o spaniard_n have_v large_a territory_n but_o the_o people_n such_o enemy_n to_o industry_n 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any_o of_o these_o way_n will_v be_v more_o for_o the_o advantage_n of_o the_o nation_n then_o as_o the_o case_n stand_v at_o present_a may_v be_v consider_v if_o they_o hoard_v it_o up_o than_o it_o will_v be_v as_o so_o much_o lose_v if_o lend_v out_o at_o 4_o per_fw-la cent._n on_o mortgage_n than_o those_o that_o have_v occasion_n to_o borrow_v will_v have_v the_o advantage_n and_o what_o they_o save_v by_o it_o must_v be_v lose_v by_o those_o that_o lend_v but_o no_o advantage_n to_o the_o nation_n only_o a_o take_v it_o out_o of_o one_o man_n pocket_n to_o put_v it_o into_o another_o if_o they_o lend_v it_o to_o trade_n man_n or_o adventure_v it_o in_o trade_n themselves_o still_o there_o will_v be_v but_o the_o same_o stock_n as_o before_o if_o they_o lay_v it_o out_o in_o land_n and_o the_o price_n as_o to_o sale_n shall_v advance_v upon_o it_o than_o those_o that_o sell_v will_v have_v some_o advantage_n by_o it_o and_o those_o that_o buy_v pay_v the_o dear_a but_o the_o land_n will_v be_v still_o the_o same_o as_o before_o to_o the_o nation_n and_o unless_o the_o rent_n advance_v as_o well_o as_o the_o value_n not_o encourage_v improvement_n which_o can_v well_o be_v suppose_v will_v be_v practise_v by_o those_o that_o take_v up_o money_n at_o interest_n and_o if_o they_o send_v it_o out_o of_o the_o nation_n though_o it_o return_v in_o time_n with_o interest_n yet_o we_o may_v suffer_v more_o by_o the_o want_n of_o the_o use_n of_o it_o at_o home_o than_o we_o may_v gain_v by_o such_o interest_n make_v abroad_o interest_n be_v abate_v to_o 5_o per_fw-la cent._n without_o a_o law_n be_v a_o proof_n that_o law_n be_v not_o absolute_o necessary_a for_o any_o such_o purpose_n but_o that_o it_o may_v be_v presume_v trade_n govern_v interest_n and_o not_o interest_n trade_n and_o it_o can_v well_o be_v comprehend_v how_o a_o change_n of_o 1_o per_fw-la cent._n more_o shall_v have_v any_o great_a influence_n upon_o the_o improve_n or_o advance_v of_o land_n increase_v of_o trade_n or_o enable_v we_o to_o outdo_v the_o dutch_a or_o other_o nation_n therefore_o no_o great_a help_n can_v be_v expect_v from_o any_o such_o law_n for_o abatement_n of_o interest_n but_o may_v rather_o be_v pernicious_a by_o discourage_v the_o use_n of_o coyn._n paper_n credit_n may_v be_v of_o some_o use_n as_o well_o for_o the_o supply_n of_o the_o public_a credit_n paper_n credit_n as_o for_o the_o carry_v on_o of_o commerce_n which_o have_v occasion_v that_o many_o project_n have_v be_v publish_v and_o some_o put_v in_o practice_n for_o make_v paper_n to_o pass_v for_o money_n take_v it_o to_o be_v very_o easy_a and_o that_o it_o can_v not_o fail_v of_o a_o good_a effect_n because_o the_o like_a have_v be_v and_o be_v still_o practise_v in_o venice_n and_o amsterdam_n and_o some_o have_v go_v so_o far_o as_o to_o assert_v that_o coin_n be_v unnecessary_a that_o paper_n will_v do_v as_o well_o in_o this_o as_o in_o all_o other_o case_n relate_v to_o trade_n 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much_o every_o year_n and_o at_o this_o time_n most_o difficult_a because_o of_o our_o expense_n with_o our_o army_n in_o flanders_n but_o they_o do_v take_v from_o we_o great_a quantity_n of_o our_o product_n and_o manufacture_n and_o of_o plantation_n good_n which_o nation_n have_v the_o advantage_n be_v uncertain_a but_o be_v very_o know_v and_o crafty_a in_o trade_n a_o constant_a watchful_a eye_n shall_v be_v keep_v over_o they_o ireland_n be_v a_o fertile_a country_n ireland_n ireland_n and_o well_o seat_v for_o trade_n but_o the_o people_n be_v about_o four_o fifths_o bigotre_v to_o the_o roman_n catholic_n religion_n and_o impatient_a to_o be_v under_o the_o government_n of_o england_n have_v often_o occasion_v great_a effusion_n of_o english_a blood_n by_o the_o many_o rebellion_n which_o have_v make_v that_o kingdom_n chargeable_a to_o we_o it_o be_v compute_v to_o contain_v about_o twelve_o million_o of_o english_a acre_n of_o arable_a meadow_n and_o pasture_n and_o two_o million_o of_o rocky_a boggy_a and_o shrubby_a unprofitable_a land_n and_o about_o a_o million_o of_o people_n therefore_o well_o worth_a improve_n but_o the_o insecurity_n that_o arise_v from_o so_o great_a a_o number_n of_o the_o people_n be_v of_o that_o religion_n the_o many_o lazy_a priest_n that_o be_v among_o they_o and_o the_o averseness_n the_o natural_a irish_a have_v general_o to_o industry_n have_v be_v a_o hindrance_n to_o the_o improvement_n of_o that_o country_n and_o to_o the_o make_v it_o more_o advantageous_a to_o itself_o and_o england_n and_o unless_o some_o way_n can_v be_v find_v out_o to_o secure_v their_o entire_a dependence_n upon_o england_n ground_v as_o well_o on_o religion_n as_o law_n that_o england_n may_v be_v sure_a to_o reap_v a_o last_a advantage_n by_o the_o labour_n of_o the_o people_n there_o and_o they_o can_v be_v bring_v to_o be_v more_o industrious_a perpetual_a obstruction_n will_v from_o such_o objection_n arise_v against_o endeavour_n to_o 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many_o of_o they_o to_o other_o place_n to_o germany_n by_o the_o river_n elbe_n weser_n and_o eyder_n this_o trade_n be_v great_a and_o beneficial_a and_o under_o the_o management_n of_o a_o regulate_v company_n the_o settlement_n very_o ancient_a the_o member_n of_o which_o company_n reserve_v send_v of_o good_n to_o germany_n by_o those_o river_n to_o themselves_o exclusive_a to_o all_o other_o have_v occasion_v many_o complaint_n that_o it_o be_v a_o great_a hindrance_n to_o the_o consumption_n of_o our_o woolen_n good_n but_o whether_o the_o complaint_n arise_v from_o the_o interest_n of_o foreigner_n who_o will_v get_v that_o trade_n out_o of_o the_o english_a hand_n or_o from_o other_o that_o will_v weaken_v the_o company_n shall_v be_v well_o examine_v before_o any_o alteration_n be_v make_v there_o have_v be_v also_o complaint_n against_o their_o regulation_n and_o by-law_n which_o may_v deserve_v a_o inquiry_n the_o greenland_n and_o russia_n trade_n be_v also_o 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of_o our_o own_o that_o we_o may_v have_v the_o carriage_n of_o the_o good_n from_o those_o part_n which_o be_v considerable_a or_o whether_o it_o be_v possible_a to_o improve_v the_o trade_n to_o new-england_n which_o have_v hitherto_o be_v of_o little_a use_n to_o we_o so_o as_o to_o have_v more_o mast_n pitch_n tar_n hemp_n and_o other_o good_n from_o thence_o in_o the_o room_n of_o those_o from_o the_o north_n part_v notwithstanding_o its_o great_a distance_n for_o which_o the_o employment_n of_o our_o own_o ship_n and_o seaman_n will_v make_v we_o some_o amends_o or_o whether_o some_o agreement_n may_v not_o be_v make_v with_o the_o hanse-town_n or_o one_o of_o those_o prince_n that_o may_v reduce_v the_o other_o to_o better_a term_n than_o we_o stand_v on_o at_o present_a or_o whether_o some_o alteration_n in_o the_o act_n of_o navigation_n may_v help_v may_v be_v worth_a a_o inquiry_n the_o french_a trade_n will_v deserve_v a_o more_o particular_a inquiry_n trade_n french_a trade_n because_o have_v be_v for_o many_o year_n carry_v on_o to_o our_o loss_n and_o their_o great_a advantage_n though_o they_o be_v always_o potent_a at_o land_n yet_o can_v never_o make_v any_o figure_n at_o sea_n till_o since_o the_o year_n 1657_o that_o their_o great_a council_n and_o minister_n of_o state_n begin_v to_o apply_v their_o thought_n how_o to_o increase_v trade_n and_o navigation_n then_o by_o make_v law_n or_o edict_n to_o encourage_v all_o trade_n they_o think_v will_v prove_v advantageous_a especial_o such_o as_o may_v encourage_v the_o increase_n of_o seaman_n which_o they_o also_o multiply_v by_o oblige_v the_o commander_n of_o all_o ship_n to_o carry_v and_o breed_v up_o a_o proportion_n of_o young_a man_n every_o voyage_n for_o which_o the_o government_n make_v a_o allowance_n as_o also_o by_o make_v good_a dock_n arsnal_n conveniency_n for_o all_o sort_n of_o store_n by_o encourage_v good_a artist_n for_o the_o building_n of_o ship_n and_o by_o prohibition_n or_o otherways_o discourage_v all_o trade_n they_o think_v pernicious_a by_o such_o method_n as_o these_o in_o about_o ten_o year_n it_o be_v observe_v that_o their_o ship_n seaman_n and_o trade_n be_v increase_v from_o one_o to_o ten_o and_o from_o have_v their_o power_n confine_v to_o land_n be_v now_o become_v also_o so_o formidable_a at_o sea_n as_o in_o some_o measure_n to_o contest_v with_o both_o england_n and_o holland_n unite_a strength_n in_o time_n of_o peace_n we_o do_v import_n from_o that_o country_n annual_o vast_a quantity_n of_o silk_n linen_n and_o other_o good_n perfect_o manufacture_v 30_o or_o 40000_o tun_n of_o wine_n and_o brandy_n great_a quantity_n of_o paper_n prune_n salt_n rozin_n glass_n cork_n oakum_n soap_n etc._n etc._n beside_o point_n lace_n glove_n embroider_a vestment_n bed_n toy_n and_o nicknack_n to_o a_o very_a great_a value_n though_o it_o be_v hard_a to_o define_v what_o commodity_n we_o ever_o have_v from_o that_o nation_n that_o be_v profitable_a for_o we_o or_o