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cause_n motive_n remedy_n simile_n 2,104 5 17.1839 5 true
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ID Title Author Corrected Date of Publication (TCP Date of Publication) STC Words Pages
A06789 The maintenance of free trade according to the three essentiall parts of traffique; namely, commodities, moneys and exchange of moneys, by bills of exchanges for other countries, or, An answer to a treatise of free trade, or the meanes to make trade flourish, lately published. ... By Gerard Malynes merchant. Malynes, Gerard, fl. 1586-1641. 1622 (1622) STC 17226; ESTC S120064 50,433 116

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first in the 11. yeere of his Raigne and Custos Cambij infra Turrim which were both put into one mans hands by a Law made in the Time of K. Henry the Sixt so that all the precedent meanes haue beene found defectiue fruitlesse as more particularly may be proued by diuers Records and obseruations The Coppies whereof are in my custodie to doe his Maiestie all dutifull and acceptable seruice Here we are to obserue that the Statute of employment to be Defectiue appeareth more manifestly at this time when Merchants as well English as strangers haue an ability giuen them by exchange to take vp money here and to deliuer a Bill of exchange for it payable beyond the Seas and can send ouer that money in specie and become a great Gayner thereby insomuch that if I receiue here one hundreth Pieces of 20 shillings I can send 90 Pieces to pay my Bill of exchange and put 10 Pieces in my Pocket for an ouerplus and gaine The like may be done by making ouer money from beyond the Seas to be paied here by exchange which being receiued I can Transport with 15. vpon the hundreth gaines in two moneths and lesse aduancing thereby an hundreth vpon the hundred in a yeere which exceedeth all the benefit to be made by Commodities wherewith I need not to entermeddle neither can the said Statute b e any helpe herein to anoide the same Concerning moneys which doe consist of weight finenesse Valuation it is euident that Gold and siluer are but materials and in the nature of Bullion but Ualuation is the Spirit which giueth life This Ualuation is twofold the one by the Publike Authority of Kings and Princes the other by the Merchants in the course of exchange and this is Praedominant and ouer-ruleth the Kings Ualuation for when the King hath valued the shilling piece of Starlin money at 12 pence they doe vnderualue the same at 11 pence halfe pennie or 11 pence which vnderualuation causeth the continuall exportation of our moneys and is the hinderance of importation of moneys and Bullion as wee haue so often inculcated to make the motiue stronger to produce a sufficient Remedy as followeth CHAP. V. Of the Remedie for all the former causes of the Decay of Trade HAuing hitherto obserued the Methode of the said Author in part of his Distribution in the matter and forme of Trade and therein shewed very great deformities I am now to apply the True Remedies likewise in order according to the causes alleaged which are noted by me to be tenne in number The Efficient cause of the Transportation of our Moneys is Gaine and this Gaine ariseth by the vnderualuation of our moneys in regard of the inhauncing and ouervaluation of forraine Coyne so that the cause is Extrinsike comprised vnder the said exchange of moneys and not intinsicke in the weight and finenesse of the Coyne which are considered in the course of True exchange betweene vs and forraine Nations and thereupon it followeth that neither difference of weight finenesse of Standard proportion betweene Gold and Siluer or the proper valuation of moneys can be any true causes of the exportation of our moneys so long as a due course is held in exchange which is founded thereupon Hence ariseth the facilitie of the Remedie by the Reformation of exchange in causing the value of our money to be giuen in exchange which cutteth off the said Gaine had by the said exportation and causeth in effect that the forraine Coyne beyound the Seas shall not be receiued aboue the value although the inhauncing thereof or the imbasing by allay were altering continually For take away the cause Gayne and the effect will ceasse All men of common vnderstanding when they doe heare of the raising of moneys beyond the Seas are ready to say we must doe the like for they conceiue the saying of Cato Tu quoque fac simile sic Ars deluditur Arte to be a proper application hereunto but they doe not enter into consideration what Alterations it would bring to the State and that the matter might runne Ad infinitum as shall be declared But let vs suppose that this will be a sufficient Remedy to inhaunce our moneys as they doe theirs to imbase our Coyne as they doe theirs and to imitate ouerualuation and vnderualuation of Gold and Siluer as they doe requiring a continuall laboure charge and innouation is it not an excellent thing that all this can be done by the course of exchange with great facilitie And that without inhauncing of our moneys at home or medling with the weight and finenesse of the Starlin Standard This is to be done only by his Maiesties Proclamation according to the Statutes of exchanges prohibiting that after three moneths next ensuing the same no man shall make any exchanges by Bills or otherwise for moneys to bee paied in forraine parts or to be rechanged towards this Realme vnder the true Par or value for value of our moneys and the moneys of other Countries in weight and finenesse but at the said Rate or aboue the same as Merchants can agree but neuer vnder the said Rate which shall be declared in a paire of Tables publikely to be seene vpon the Royall Exchange in London according to the said Proclamation and the said Table shall be altered in price as occasions shall be ministred beyond the Seas in the generall Respectiue places of exchanges either by their inhauncing of moneys by valuation or by imbasing of the same by Allay which by a vigilant eye may be obserued and will be a cause to make other Nations more constant in the course of their moneys And this will be executed more of course then by Authority because Gaine doth beare sway and command with most men The facilitie hereof putteth me in minde of the Geometricall Axiom or Maxime obserued in commendation of the inuention of round Wheeles Cir●…ulus tangit Planum vnico puncto as a reason to draw and carry Loads with a small strength whereas if they had beene made square or in any other Poly-angle and proportion Forty horses would not so easily draw them being laden as two doth now both with speed and ease Vnto which this Remedie may bee aptly compared which in a manner comprehendeth all the other Remedies For the Merchant Stranger being here the Deliuerer of money generally will easily bee induced to make the most of his owne receiuing by exchange more for the same beyond the Seas and the English Merchant being the Taker of the said moneys will not bee so iniurious to the State as to giue lesse beyond the Seas then the value of the money of the Realme in exchange contrarie to the said Proclamation and if hee would the Deliuerer will not let him haue it Besides that the Takers occasions are enforced by necessitie and he can be no loser for by this direction he will sell his Commodities beyond the Seas accordingly English Merchants