Selected quad for the lemma: cause_n
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A64859
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The compleat comptinghouse, or, The young lad taken from the writing school and fully instructed by way of dialogue in all the mysteries of a merchant from his first understanding of plain arithmetick, to the highest pitch of trade whereby the master is saved much labour and lad is led by the hand to all his work and business : which to youth is accouted troublesome but will here seem pleasant : a work very necessary for all that are concerned in keeping accompts of what quality soever / by John Vernon.
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Vernon, John.
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1678
(1678)
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Wing V249; ESTC R3623
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95,284
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266
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s. it is a Composition And suppose your Master's Debtor for the Cloth did owe him l. 100 if your Master took any Sum under l. 100 and did discharge him it was a Composition Yo. What is a Composition generally made at Mr. From 5 s. to 15 s. is lookt upon to be a good Composition and in giving for every 20 s. 5 s c. per l. the Man is discharged and hath a Release in full and is in Law as well discharged as if he paid the entire Debt of l. 100. Yo. Pray what is meant by a General Release is not a Recept sufficient enough Mr. No in such cases General Releases are given on both sides because all matters are then ended betwixt Man and Man Yo. Pray let me know what is meant by a General Release and what it is Mr. A General Release is as follows which must be signed sealed and delivered before two Witnesses at least Yo. What mean you by Signing Sealing c Mr. Signing is when the Man writes his Name to it and Sealing is when he puts his Seal to it with Wax or Wafer and Delivering is when he takes that Writing up in his right hand and takes off the Seal and says these words This I deliver as my Act and Deed to the use of the Parties within mentioned Yo. What then must these two Men do that sit by for Witnesses Mr. They must see this done and then set their Hands as Witnesses unto it Yo. Pray let me see one of them done Mr. It is thus KNow all Men by these presents that I J. J. of London Merchant have remised released and for ever quit claim and by these presents do for me my Heirs Executors and Administrators remit release and for ever quite claim unto J. M. Citizen and Draper his Heirs Executors and Administrators all and all manner of Actions Suits Bills Bonds Writings Obligatory Debts Dues Duties Accompts Sum and Sums of Mony Judgments Executions Extents Quarrels Controversies Trespasses Dammages and Demands whatsoever both in Law and Equity or otherwise however which against the said J. M. I ever had now have or which I my Heirs Executors and Administrators shall or may have claim challenge or demand for or by reason of any Matter Cause or Thing from the beginning of the World unto the day of the date of these Presents In Witness whereof I have hereunto put my Hand and Seal this first day of June in the 29th Year of the Reign of our Sovereign Lord King Charles the Second of England Scotland France and Ireland Defender of the Faith c. and the Year of our Lord God 1677. J. J. ☉ Sealed and delivered in presence of J. D. E. F. ☞ Here note It is very convenient to write underneath where your Witnesses live for many Causes have been lost because the Surviver could never find out who were the Witnesses or where any of them lived Yo. For the second when he pays part in Mony and part in Security how is this done Mr. It is done in this manner The Debtor absents and offers to give you 10 s. in the pound in Mony and 10 s. upon Security Yo. I know what the Mony means but I do not know what you mean by Security pray let me know that Mr. Security is to be understood two ways either Personal or Real if Personal then another Man is bound with the Party that is the Debtor to pay the Mony at a certain day if the Debtor do not If it be Real then it is the making over some Land Lease House or Goods by a Deed for that purpose Yo. Well Suppose this Man for this l. 100 give me 10 s. per pound in ready Mony and 5 s. upon Personal Security Mr. J. A. is bound for it and 5 s. in the Mortgage of some Land or Houses c. What must I then do how must it be ended Pray Sir let me see an Example of it Mr. The Man owes l. 100. For the Mony you receive 10 s. in the pound is l. 50. For the Bond you make it thus KNow all Men by these Presents That we J. A. and A. B. Citizens and Salters do owe and are bound unto J. J. Citizen and Joyner the full sum of fifty pounds of lawful Mony of England to be paid to the said J. J. his certain Attorney Executors Administrators or Assigns To which payment well and truly to be made we bind our selves our Heirs Executors and Administrators firmly by these Presents Dated the 20 July in the 29th Year of the Reign of our Sovereign Lord King Charles the Second Anno 1677. THe Condition of this Obligation is such That if the above-bounden J. A. and A. B. their Heirs Executors Administrators or Assigns or either of them do well and truly pay or cause to be paid unto the within-named J. J. his Heirs Executors Administrators or Assigns the just and full sum of five and twenty pounds of lawful Mony of England at or upon the 20th of July next ensuing the Date hereof at the now dwelling House of the said J. J. situate in Cornhil London then this Obligation to be void or else to remain in full force and virtue Sealed and delivered in presence of J. A. + A. B. ☉ J. P. P. C. Thus much for the Mony and the Security But for the next the Mortgage c. the best way is to get an experienced Scrivener to make those things sufficient for every Man in his Trade You may be much wronged if you should build on your own Judgment for that matter And you have received The Mony l. 50 0 0 The Bond l. 25 0 0 The Mortgage l. 25 0 0  l. 100 0 0 You discharge the Debtor that is if he pays you the full of your Debt The same is done if you agree to take less than the Debt for the whole Debt in this manner Yo. But what must I do when I come to take Part at Time and that with Security and Part without Security Mr. Suppose the Debtor owes l. 100 and he pays l. 50 at 1 Year at Security Make a Bond for it as the last was and for the other l. 50 make a Bond for him only to Seal and Sign because it is without Security Yo. How must that Bond be made Mr. Just as the former was made only as that had two Men bound this has but one and is as follows KNow all Men by these Presents That I A. B. Citizen and Joyner do owe and am indebted unto J. J. Citizen and Salter the just and full sum of one hundred pounds to be paid to the said J. J. his certain Attorny Executors Administrators or Assigns To the which payment well and truly to be made I bind me my Heirs Executors and Administrators firmly by these Presents In witness whereof I have hereunto set my Hand and Seal Dated in London 20 July in the 29th Year of the Reign of our Soveraign Lord King Charles the
from the Man that employs you Yo. What mean you by Power Is not his Letter enough and his Order to do it Mr. No that is not sufficient you must have a Procuration so called in all Forreign Parts and by us in England a Letter of Attorney that impowers you to sue his Debtor cast him in Prison and release him c. Yo. Pray let me see what one of these Letters of Attorney is and how you do make them Mr. A Letter of Attorney is made several ways Sometimes to sue one single Man and sometimes to sue many or to receive Mony of some freight Ships make Contracts c. But usually it is made general and then thus A Copy of a Letter of Attorney from A. B. to B. C. KNow all Men by these Presents that I A. B. of London Merchant have named and constituted and by these Presents do name ordain appoint and make my trusty Friend B. C. of Bristol Merchant my true and lawful Attorney for me and in my Name and to my use to demand sue for recover and receive of R. J. of Bristol Merchant the sum of _____ to me due and owing by and from the said R. J. giving and hereby granting unto my said Attorney my full Power and Authority to use and exercise all such Acts Things and Devices in the Law as shall be necessary for recovery of the said Debt and Acquittances or other Discharges in my Name to make and give and generally to do and execute in the Premises as fully as I my self might or could do being personally present ratifying confirming and allowing all and whatsoever my said Attorney shall lawfully do or cause to be done therein by these Presents In witness whereof I have hereunto set my Hand and Seal in Dover this 4th of June 1677. in the 29th Year of the Reign of our Soveraign Lord King Charles the Second of England Scotland France and Ireland Defender of the Faith c. Sealed and delivered in the presence of R. D. F. M. per A. B. ☉ Yo. What then is the nature of this Letter of Attorney Mr. It is to give the same Power to a Man in London to act and do as if the Man at Bristol came up himself Yo. I am very well satisfied with what you are pleased to say and I think I understand the meaning of it at present Pray let me know now what is meant by that Expression which I have often heard used and that is Manufacture Mr. Manufacture is when a Man inventeth the making a Commodity that was never made or used before in the place where he lives and when no body maketh it but himself it is called his Manufacture as suppose you would make Buckrams a Commodity that was never made in England before and that none is made but by you it is called your Manufacture or the Manufacture of Buckrams And so of any other each Nation having its peculiar sorts of Goods which it doth make as England for the Manufacture of Cloth Serges Bays Stuffs Says c. Scotland for Linen Cloth France for Lockrams Dowlas Silks c. Yo. What then is that they call Monopolies Mr. That is when a number of Men or one Man endeavours to get all that is to be gotten of one Commodity into his own hands and when he hath it to raise it to what price he pleaseth or when several Men will join to buy and sell at what price they please and so by this means the Trade they drive is brought to nothing for others For they grind the Poor on both sides they give what they please for a Commodity and because none can buy it but them they will give you less or else keep your Commodity to spoil And when the Poor come to buy they must give what they please or they shall have none And this having been found in thousands of Instances destructive to some Nations hath been by many wise and prudent Laws forbidden in ours Yo. What is meant by Allotting of Goods Mr. This is a thing very necessary to be understood and the meaning of it is this Five or six Men buy a whole Ships loading of Raisins of the Sun of a Merchant because one Man is not capable of buying so great a quantity and when they have bought them they divide the thousand Barrels suppose into six Lots or Parts and make so many Mens Names on six pieces of Paper and the first Comer-by puts the Note of each Man's Name upon each Lot or Division and by this means the Goods are equally divided without partiality one Man hath not a better Lot than another and there is no cause of discontent but all are very well satisfied Others instead of putting pieces of Paper on each Lot cannot write or read and one gives his Knife another his Tobacco-Box another a Shilling another any thing he knows again and this is put upon the top of each Lot and by this the Lot is known But this latter is for a lower sort of Mechanicks Merchants do not use it Yo. What is meant then Sir by another thing I have heard them call Lots and that is such as are sold by the East-India Company I have heard them say they would go buy a Lot of Goods Mr. Here by a Lot of Goods is meant another thing for so many Goods are divided into so many Parts or Lots and notice is given of what is in each Lot and when the price is set there is an advance put upon it Suppose one Lot is 50 Bags of Pepper and they are put at 10 d. per lb to advance ⅛ d. per lb each bidding One Man he bids 10 d. ¼ another 10 d. ½ another 11 d. more or less during which time of bidding a small piece of Wax Candle is burning and he that bids most when the Candle goes out he is to have the Pepper and this is called selling Goods by the Candle Yo. As soon as they have bought Goods so do they come and take them away Mr. No as soon as they have bought them then they do seal and deliver a Bond for them before the next Lot of Goods hath a Candle put up Yo. What is the Contents of that Bond Mr. The Contents of it are as followeth KNow all Men by these Presents That I _____ on the Date hereof do confess and acknowledg to have bought of _____ at a publick Sale at the Candle Lot No. _____ containing as by the printed Tickets appear _____ to be accepted and taken at the price aforesaid in the like quality and condition as now they are in and shall arise good or bad without exception and without any abatement for or in respect of any fault or defect whatsoever And I the said _____ for my self my Executors and Assigns do Covenant promise and agree to and with the said _____ his Executors or Assigns by these Presents that I the said _____ my Executors Administrators or Assigns shall and will