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city_n abatement_n interest_n orphan_n 24 3 14.1191 5 false
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ID Title Author Corrected Date of Publication (TCP Date of Publication) STC Words Pages
A32827 A discourse about trade wherein the reduction of interest in money to 4 l. per centum, is recommended : methods for the employment and maintenance of the poor are proposed : several weighty points relating to companies of merchants, the act of navigation, naturalization of strangers, our woollen manufactures, the ballance of trade, and the nature of plantations, and their consequences in relation to the kingdom are seriously discussed : and some arguments for erecting a court of merchants for determining controversies, relating to maritime affairs, and for a law for transferrance of bills of debts, are humbly offered. Child, Josiah, Sir, 1630-1699.; Culpeper, Thomas, Sir, 1578-1662. Small treatise against usury. 1690 (1690) Wing C3853; ESTC R8738 119,342 350

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then_o particular_o 1._o general_o i_o say_v the_o dutch_a low_a interest_n have_v miserable_o lessen_v we_o in_o all_o trade_n of_o the_o world_n not_o secure_v to_o we_o by_o law_n or_o by_o some_o natural_a advantage_n which_o over-ballanceth_a the_o disproportion_n of_o our_o interest_n of_o money_n which_o disproportion_n i_o take_v to_o be_v 3_o per_fw-la cent_n 2._o particular_o the_o red-herring_n trade_n we_o retain_v by_o reason_n of_o two_o natural_a advantage_n one_o be_v the_o fish_n for_o that_o purpose_n must_v be_v bring_v fresh_a on_o shore_n and_o that_o the_o dutch_a can_v do_v with_o they_o because_o the_o herring_n swim_v on_o our_o coast_n and_o consequent_o at_o too_o great_a a_o distance_n from_o they_o the_o other_o be_v those_o herring_n must_v be_v smoke_v with_o wood_n which_o can_v be_v do_v on_o any_o reasonable_a term_n but_o in_o a_o woody_a country_n such_o as_o england_n be_v and_o holland_n be_v not_o these_o advantage_n that_o god_n have_v give_v our_o land_n do_v counterpoise_v and_o overpoize_v the_o disproportion_n of_o interest_n viz._n 3_o per_fw-la cent_z otherwise_o we_o may_v say_v farewell_o red-herring_n as_o well_o as_o white_a the_o pilchard_n on_o the_o west-coast_n likewise_o come_v to_o our_o shore_n and_o must_v be_v cure_v and_o press_v upon_o the_o land_n which_o be_v impossible_a for_o the_o dutch_a to_o do_v the_o newfoundland_n fish_v be_v manage_v by_o west-country-man_n who_o port_n be_v proper_o situate_v for_o that_o country_n and_o the_o country_n itself_o be_v his_o majesty_n so_o the_o dutch_a can_v have_v no_o foot_n there_o if_o they_o can_v 3_o per_fw-la cent_z will_v soon_o send_v we_o home_o to_o keep_v sheep_n as_o to_o the_o turkey_n italian_n spanish_a and_o portugal_n trade_n though_o our_o vent_n for_o fine_a cloth_n and_o some_o sort_n of_o stuff_n be_v decline_v yet_o we_o retain_v a_o very_a considerable_a part_n of_o those_o trade_n by_o reason_n of_o some_o natural_a and_o some_o 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careful_o whether_o the_o abatement_n of_o interest_n be_v in_o truth_n the_o cause_n of_o the_o riches_n of_o any_o country_n or_o only_o the_o concomitant_a or_o effect_v of_o the_o riches_n of_o a_o country_n in_o which_o seem_v to_o lie_v the_o intricacy_n of_o this_o question_n to_o satisfy_v myself_o wherein_o i_o have_v take_v all_o opportunity_n to_o discourse_v this_o point_n with_o the_o most_o ingenious_a man_n i_o have_v the_o honour_n to_o be_v know_v to_o and_o have_v search_v for_o and_o read_v all_o the_o book_n that_o i_o can_v ever_o hear_v be_v print_v against_o the_o abatement_n of_o interest_n and_o serious_o consider_v all_o the_o argument_n and_o objection_n use_v by_o they_o against_o it_o all_o which_o have_v tend_v to_o confirm_v i_o in_o this_o opinion_n which_o i_o bumble_o offer_v to_o the_o consideration_n of_o wise_a head_n viz._n that_o the_o abatement_n of_o interest_n be_v the_o cause_n of_o the_o prosperity_n &_o riches_n of_o any_o nation_n and_o that_o the_o bring_v down_o of_o interest_n in_o this_o kingdom_n from_o six_o to_o four_o or_o three_o per_fw-mi cent_z will_v necessary_o in_o less_o than_o twenty_o year_n time_n double_v the_o capital_a stock_n of_o the_o nation_n the_o most_o material_a objection_n i_o have_v meet_v with_o against_o it_o be_v as_o follow_v object_n 1._o to_o abate_v interest_n will_v cause_v the_o dutch_a and_o other_o people_n that_o have_v money_n put_v out_o at_o interest_n in_o england_n by_o their_o friend_n and_o factor_n to_o call_v home_o their_o estate_n and_o consequent_o will_v occasion_v a_o great_a scarcity_n and_o want_n of_o money_n among_o we_o to_o this_o i_o answer_v that_o if_o interest_n be_v bring_v but_o to_o four_o per_fw-mi cent_z no_o dutchman_n will_v call_v in_o his_o money_n that_o be_v out_o upon_o good_a security_n
in_o england_n because_o he_o can_v make_v above_o three_o per_fw-mi cent_z of_o it_o upon_o interest_n at_o home_n but_o if_o they_o shall_v call_v home_o all_o the_o money_n they_o have_v with_o we_o at_o interest_n it_o will_v be_v better_o for_o we_o than_o if_o they_o do_v it_o not_o for_o the_o borrower_n be_v always_o a_o slave_n to_o the_o lender_n and_o shall_v be_v sure_a to_o be_v always_o keep_v poor_a while_o the_o other_o be_v fat_a and_o full_a he_o that_o use_v a_o stock_n that_o be_v none_o of_o his_o own_o be_v force_v for_o the_o uphold_v his_o reputation_n to_o live_v to_o the_o full_a if_o not_o above_o the_o proportion_n of_o what_o he_o do_v so_o use_v while_o the_o lender_n possese_v much_o and_o use_v little_a or_o none_o live_v only_a at_o the_o charge_n of_o what_o he_o use_v and_o not_o of_o what_o he_o have_v beside_o if_o with_o this_o law_n for_o abatement_n of_o interest_n a_o law_n for_o transfer_v bill_n of_o debt_n shall_v pass_v we_o shall_v not_o miss_v the_o dutch_a money_n be_v it_o ten_o time_n as_o much_o as_o it_o be_v among_o we_o for_o that_o such_o a_o law_n will_v certain_o supply_v the_o the_o defect_n of_o at_o least_o one_o half_a of_o all_o the_o ready_a money_n we_o have_v in_o use_n in_o the_o nation_n object_n 2._o if_o interest_n be_v abate_v land_n must_v rise_v in_o purchase_n and_o consequent_o rent_n and_o if_o rent_n than_o the_o fruit_n of_o the_o land_n and_o so_o all_o thing_n will_v be_v dear_a and_o how_o shall_v the_o poor_a live_v etc._n etc._n answ._n to_o this_o i_o say_v if_o it_o follow_v that_o the_o fruit_n of_o our_o land_n in_o consequence_n of_o such_o a_o law_n for_o abatement_n of_o interest_n grow_v general_o dear_a it_o be_v a_o evident_a demonstration_n that_o our_o people_n grow_v rich_a for_o general_o wherever_o provision_n be_v for_o continuance_n of_o year_n dear_a in_o any_o country_n the_o people_n be_v rich_a and_o where_o they_o be_v most_o cheap_a throughout_o the_o world_n for_o the_o most_o part_n the_o people_n be_v very_o poor_a and_o for_o our_o own_o poor_a in_o england_n it_o be_v observe_v that_o they_o live_v better_o in_o the_o dear_a country_n for_o provision_n than_o in_o the_o cheap_a and_o better_a in_o a_o dear_a year_n than_o in_o a_o cheap_a especial_o in_o relation_n to_o the_o public_a good_a for_o that_o in_o a_o cheap_a year_n they_o will_v not_o work_v above_o two_o day_n in_o a_o week_n their_o humour_n be_v such_o that_o they_o will_v not_o provide_v for_o a_o hard_a time_n but_o just_a work_n so_o much_o and_o no_o more_o as_o may_v maintain_v they_o in_o that_o mean_a condition_n to_o which_o they_o have_v be_v accustom_v object_n 3._o if_o interest_n be_v abate_v usurer_n will_v call_v in_o their_o money_n so_o what_o shall_v gentleman_n do_v who_o estate_n be_v mortgage_v etc._n etc._n answ._n i_o answer_v that_o when_o they_o know_v they_o can_v make_v no_o more_o of_o their_o money_n by_o take_v out_o of_o one_o and_o put_v it_o in_o another_o hand_n they_o will_v not_o be_v so_o forward_o as_o they_o threaten_v to_o alter_v that_o security_n they_o know_v be_v good_a for_o another_o that_o may_v be_v bad_a or_o if_o they_o shall_v do_v it_o our_o law_n be_v not_o so_o severe_a but_o that_o gentleman_n may_v take_v time_n to_o dispose_v of_o part_n of_o their_o land_n which_o immediate_o after_o such_o a_o law_n will_v yield_v they_o thirty_o yea●s_n purchase_v at_o least_o and_o much_o better_a it_o be_v for_o they_o so_o to_o do_v than_o to_o abide_v long_o under_o that_o consume_a plague_n of_o usury_n which_o have_v insensible_o destroy_v very_o many_o of_o the_o best_a family_n in_o england_n as_o well_o of_o our_o nobility_n as_o gentry_n object_n 4._o as_o interest_n be_v now_o at_o six_o per_fw-la cent_n the_o king_n majesty_n upon_o any_o emergency_n can_v hardly_o be_v supply_v and_o if_o it_o shall_v be_v reduce_v to_o four_o per_fw-la cent_n how_o shall_v the_o king_n find_v a_o considerable_a sum_n of_o money_n to_o be_v lend_v he_o by_o his_o people_n answ._n i_o answer_v the_o abatement_n of_o interest_n to_o the_o people_n be_v the_o abatement_n of_o interest_n to_o the_o king_n when_o he_o have_v occasion_n to_o take_v up_o money_n for_o what_o be_v borrow_v of_o the_o city_n of_o london_n or_o other_o body_n politic_a nothing_o can_v be_v demand_v but_o the_o legal_a interest_n and_o if_o the_o king_n have_v occasion_n to_o take_v up_o money_n of_o private_a person_n be_v his_o majesty_n according_a to_o good_a right_n be_v above_o the_o common_a course_n of_o law_n the_o king_n must_v and_o always_o have_v give_v more_o than_o the_o legal_a rate_n as_o for_o instance_n the_o legal_a rate_n be_v now_o six_o per_n cent_n but_o his_o majesty_n or_o such_o as_o have_v dispose_v of_o his_o majesty_n exchequer-tally_n have_v be_v say_v to_o give_v ten_o and_o twelve_o in_o some_o case_n and_o if_o the_o legal_a rate_n be_v ten_o his_o majesty_n may_v probable_o give_v thirteen_o or_o fourteen_o so_o if_o interest_n be_v bring_v to_o four_o per_fw-la cent_n his_o majesty_n in_o such_o case_n as_o he_o now_o give_v ten_o must_v give_v six_o or_o seven_o by_o which_o his_o majesty_n will_v have_v a_o clear_a advantage_n object_n 5._o if_o interest_n be_v abate_v it_o will_v be_v a_o great_a prejudice_n to_o widow_n and_o orphan_n who_o have_v not_o knowledge_n and_o ability_n to_o improve_v their_o estate_n otherwise_o answ._n i_o answer_v that_o by_o our_o law_n now_o heir_n and_o orphan_n can_v recover_v no_o interest_n from_o their_o parent_n executor_n except_o it_o be_v leave_v full_o and_o absolute_o to_o the_o executor_n to_o dispose_v and_o put_v out_o money_n at_o the_o discretion_n of_o the_o executor_n for_o the_o profit_n and_o loss_n of_o the_o heir_n and_o orphan_n and_o if_o it_o be_v so_o leave_v to_o the_o exccutors_n discretion_n they_o may_v improve_v the_o money_n leave_v they_o in_o trade_n or_o purchase_v of_o land_n and_o lease_n as_o well_o as_o by_o interest_n or_o when_o not_o the_o damage_n such_o heir_n and_o orphan_n will_v sustain_v in_o their_o minority_n be_v but_o two_o per_fw-la cent_n be_v inconsiderable_a in_o respect_n of_o the_o great_a advantage_n will_v accrue_v to_o the_o nation_n in_o generel_n by_o such_o abatement_n of_o interest_n beside_o when_o such_o a_o law_n be_v make_v and_o in_o use_n all_o man_n will_v so_o take_v care_n in_o their_o life_n to_o provide_v for_o and_o educate_v their_o child_n and_o instruct_v their_o wife_n as_o that_o no_o prejudice_n can_v happen_v thereby_o as_o we_o see_v there_o do_v not_o in_o holland_n and_o italy_n and_o other_o place_n where_o interest_n be_v so_o low_a have_v now_o offer_v my_o thought_n in_o answer_n to_o the_o aforesaid_a objection_n it_o will_v not_o be_v amiss_o that_o we_o inquire_v who_o will_v be_v advantage_v and_o who_o will_v receive_v prejudice_n in_o case_n such_o a_o law_n be_v make_v first_o his_o majesty_n as_o have_v be_v say_v in_o answer_n to_o that_o objection_n will_n when_o he_o have_v occasion_n take_v up_o money_n on_o better_a term_n beside_o which_o he_o will_v receive_v a_o great_a augmentation_n to_o his_o revenue_n thereby_o all_o his_o land_n be_v immediate_o worth_a after_o the_o make_v such_o a_o law_n double_a to_o what_o they_o be_v before_o his_o custom_n will_v be_v much_o increase_v by_o the_o increase_n of_o trade_n which_o must_v necessary_o ensue_v upon_o the_o make_v such_o a_o law_n the_o nobility_n and_o gentry_n who_o estate_n he_o most_o in_o land_n may_v present_o upon_o all_o they_o have_v instead_o of_o fifty_o write_v one_o hundred_o the_o merchant_n and_o tradesman_n who_o bear_v the_o heat_n and_o burden_n of_o the_o day_n most_o of_o our_o trade_n be_v carry_v on_o by_o young_a man_n that_o take_v up_o money_n at_o interest_n will_v find_v their_o yoke_n sit_v light_a upon_o their_o shoulder_n and_o be_v encourage_v to_o go_v on_o with_o great_a alacrity_n in_o their_o business_n our_o mariner_n shipwright_n porter_n cloathier_n packer_n and_o all_o sort_n of_o labour_a people_n that_o depend_v on_o trade_n will_v be_v more_o constant_o and_o full_o employ_v our_o farmer_n sell_v the_o product_n of_o their_o land_n at_o better_a rate_n and_o whereas_o our_o neighbour_n the_o netherlander_n who_o in_o regard_n of_o the_o largeness_n of_o their_o stock_n and_o experience_n the_o son_n continual_o succeed_v the_o father_n in_o trade_n to_o many_o generation_n we_o may_v not_o unfit_o in_o this_o case_n term_v son_n of_o anach_n and_o man_n of_o renown_n against_o who_o we_o fight_v dwarf_n and_o pigmy_n in_o stock_n and_o experience_n be_v young_a brother_n of_o gentleman_n that_o seldom_o have_v
be_v our_o law_n against_o exportation_n of_o bullion_n late_o repeal_v 5th_o such_o be_v the_o use_n of_o the_o law_n at_o present_a which_o take_v not_o only_o a_o custom_n but_o 15_o s._n per_fw-la tun_n excise_n on_o strong_a beer_n export_v be_v the_o same_o rate_v it_o pay_v when_o spend_v at_o home_n contrary_a to_o the_o practice_n of_o all_o trade_a country_n six_o such_o be_v our_o law_n which_o charge_v sea-coal_n or_o any_o of_o our_o native_a provision_n export_v with_o custom_n viz._n beef_n pork_n bread_n beer_n etc._n etc._n for_o which_o i_o think_v in_o prudence_n the_o door_n shall_v be_v open_v wide_a to_o let_v they_o out_o seven_o of_o the_o like_a nature_n be_v our_o law_n impose_v a_o great_a duty_n upon_o our_o horse_n mare_n and_o nag_n export_v 8._o such_o in_o my_o weak_a opinion_n be_v that_o branch_n of_o the_o statute_n of_o 5_o eliz._n that_o none_o shall_v use_v any_o manual_a occupation_n except_o he_o have_v be_v appretince_n to_o the_o same_o 9th_o such_o in_o my_o opinion_n be_v the_o law_n which_o yet_o prohibit_v the_o exportation_n of_o our_o own_o coin_n for_o since_o it_o be_v now_o by_o consent_n of_o parliament_n agree_v and_o find_v by_o experience_n of_o all_o understand_a man_n to_o be_v advantageous_a for_o this_o kingdom_n to_o permit_v the_o free_a exportation_n of_o bullion_n i_o think_v it_o be_v better_o for_o we_o that_o our_o own_o coin_n may_v likewise_o be_v free_o export_v because_o by_o what_o of_o that_o go_v out_o we_o shall_v gain_v the_o manufacture_n the_o coin_v beside_o the_o great_a honour_n and_o note_n of_o magnificency_n it_o will_v be_v to_o his_o majesty_n and_o this_o kingdom_n to_o have_v his_o majesty_n coin_n currant_n in_o all_o part_n of_o the_o universe_n 10th_o such_o be_v all_o by-law_n use_v among_o the_o society_n of_o cooper_n &_o other_o artificer_n limit_v master_n to_o keep_v but_o one_o apprentice_n at_o a_o time_n whereas_o it_o be_v better_o for_o the_o public_a they_o be_v permit_v to_o keep_v ten_o if_o they_o can_v or_o will_v maintain_v or_o employ_v they_o 11th_o such_o seem_v to_o be_v many_o of_o our_o law_n relate_v to_o the_o poor_a especial_o those_o against_o inmate_n in_o city_n &_o trade_a town_n and_o those_o oblige_a parish_n to_o maintain_v their_o own_o poor_a only_o page_n 23._o and_o 24._o the_o gentleman_n make_v a_o large_a repetition_n of_o what_o he_o have_v say_v before_o wherein_o i_o observe_v nothing_o new_a but_o that_o he_o say_v the_o east-india-company_n have_v money_n at_o 4._o per_fw-la cent_n only_o because_o man_n may_v have_v their_o money_n out_o when_o they_o please_v which_o be_v a_o mistake_n though_o a_o small_a one_o for_o the_o company_n seldom_o or_o never_o take_v up_o money_n but_o for_o a_o certain_a time_n though_o i_o doubt_v not_o but_o that_o generous_a company_n will_v and_o do_v at_o most_o time_n accommodate_v any_o person_n with_o his_o money_n before_o due_a that_o have_v occasion_n to_o require_v such_o a_o kindness_n of_o they_o although_o they_o oblige_v not_o themselves_o to_o do_v it_o in_o this_o ten_o particular_a at_o the_o latter_a end_n of_o page_n 24._o he_o say_v i_o be_o mistake_v in_o my_o assertion_n of_o the_o interest_n of_o scotland_n which_o upon_o further_a enquiry_n among_o the_o scotch_a merchant_n upon_o the_o exchange_n i_o be_o tell_v be_v his_o own_o mistake_n so_o i_o must_v leave_v that_o be_v matter_n of_o fact_n to_o those_o that_o know_v that_o country_n and_o its_o law_n more_o and_o better_a then_o either_o of_o we_o last_o he_o conclude_v that_o whilst_o i_o say_v the_o matter_n in_o england_n be_v so_o natural_o prepare_v for_o a_o abatement_n of_o interest_n that_o it_o can_v be_v long_o obstruct_v i_o propound_v a_o law_n to_o anticipate_v nature_n which_o be_v against_o reason_n i_o answer_v it_o be_v the_o wisdom_n of_o our_o grandfather_n to_o bring_v it_o to_o what_o it_o will_v bear_v in_o their_o time_n and_o our_o father_n find_v the_o good_a effect_n of_o that_o and_o bring_v it_o low_o and_o the_o benefit_n thereof_o be_v since_o manifest_v to_o we_o by_o the_o success_n and_o therefore_o see_v the_o matter_n will_v now_o bear_v further_a abatement_n it_o be_v reasonable_a for_o we_o to_o follow_v that_o excellent_a example_n of_o our_o ancestor_n law_n against_o nature_n i_o grant_v will_v be_v ineffectual_a but_o i_o never_o hear_v before_o that_o law_n to_o help_v nature_n be_v against_o reason_n touch_v the_o gentleman_n personal_a reflection_n upon_o i_o i_o shall_v say_v little_a it_o appear_v sufficient_o by_o what_o i_o have_v write_v and_o his_o answer_n that_o i_o be_o a_o advocate_n for_o industry_n he_o for_o idleness_n it_o appear_v likewise_o to_o those_o that_o know_v i_o in_o london_n which_o be_v many_o that_o i_o be_o so_o far_o from_o design_v to_o engrose_v trade_n that_o i_o be_o hasten_v to_o convert_v what_o i_o can_v of_o my_o small_a estate_n that_o be_v personal_a into_o real_a suppose_v it_o to_o be_v my_o interest_n so_o to_o do_v before_o the_o use_v of_o money_n fall_v which_o i_o conclude_v can_v long_o suspend_v and_o that_o then_o land_n and_o house_n must_v rise_v and_o i_o doubt_v it_o will_v appear_v when_o this_o gentleman_n be_v as_o well_o know_v as_o i_o be_o that_o he_o be_v more_o a_o usurer_n than_o a_o owner_n of_o land_n or_o manager_n of_o trade_n at_o present_a my_o end_n have_v only_o be_v to_o serve_v my_o country_n which_o i_o can_v with_o a_o sincere_a heart_n declare_v in_o the_o presence_n of_o god_n and_o man_n and_o that_o nothing_o else_o can_v have_v engage_v i_o into_o this_o unpleasing_a controversy_n wherein_o i_o have_v give_v unwilling_a offence_n to_o all_o my_o near_a relation_n and_o know_v at_o first_o that_o i_o must_v needs_o do_v so_o most_o of_o they_o be_v such_o as_o age_n and_o wisdom_n have_v instruct_v rather_o to_o be_v box-keeper_n than_o gamester_n i_o have_v beforementioned_a the_o judgement_n of_o the_o french_a king_n and_o court_n but_o intend_v not_o to_o recite_v the_o edict_n be_v it_o be_v at_o large_a in_o sir_n thomas_n culpepper_v senior_a his_o last_o treatise_n yet_o on_o second_o thought_n consider_v all_o man_n perhaps_o may_v not_o come_v to_o a_o sight_n of_o that_o and_o find_v the_o say_a edict_n so_o comprehensive_a of_o the_o whole_a matter_n of_o this_o controversy_n i_o have_v here_o recite_v it_o the_o king_n by_o these_o edict_n have_v nothing_o relieve_v the_o necessity_n of_o the_o nobility_n if_o he_o have_v not_o provide_v for_o usury_n which_o have_v ruin_v many_o good_a and_o ancient_a house_n fill_v town_n with_o unprofitable_a servant_n and_o the_o country_n with_o misery_n and_o inhumanities_n he_o find_v the_o rent_n viz._n usury_n constitute_v after_o 10_o or_o 8_o in_o the_o hundred_o do_v ruin_v many_o good_a family_n hinder_v the_o traffic_n and_o commerce_n of_o merchandize_n and_o make_v tillage_n and_o handicraft_n to_o be_v neglect_v many_o desire_v through_o the_o easiness_n of_o a_o deceitful_a gain_n to_o live_v idle_o in_o good_a town_n of_o their_o rent_n rather_o than_o to_o give_v themselves_o with_o any_o pain_n to_o liberal_a art_n or_o to_o till_o or_o husband_n their_o inheritance_n for_o this_o reason_n mean_v to_o invite_v his_o subject_n to_o enrich_v themselves_o with_o more_o just_a gain_n to_o content_v themselves_o with_o more_o moderate_a profit_n and_o to_o give_v the_o nobility_n mean_v to_o pay_v their_o debt_n he_o do_v forbid_v all_o usury_n or_o constitution_n of_o rent_n at_o a_o high_a rate_n than_o six_o pound_n five_o shilling_n in_o the_o hundred_o the_o edict_n be_v verify_v in_o the_o court_n of_o parliament_n which_o consider_v that_o it_o be_v always_o prejudicial_a to_o the_o commonwealth_n to_o give_v money_n to_o usury_n for_o it_o be_v a_o serpent_n who_o bite_v be_v not_o apparent_a and_o yet_o it_o be_v so_o sensible_a that_o it_o peirce_v the_o very_a heart_n of_o the_o best_a family_n the_o whole_a of_o this_o controversy_n lie_v narrow_o in_o these_o two_o short_a question_n viz._n will_v abatement_n of_o interest_n improve_v trade_n second_o will_v it_o advance_v the_o price_n of_o land_n the_o collective_a unite_a body_n of_o the_o government_n of_o our_o own_o and_o other_o kingdom_n express_o say_v it_o will_v do_v both_o and_o experience_n cry_v aloud_o that_o so_o it_o will_v do_v and_o have_v do_v in_o all_o age_n and_o in_o all_o place_n and_o i_o never_o yet_o meet_v with_o any_o private_a person_n how_o much_o soever_o concern_v in_o interest_n that_o have_v the_o ignorance_n or_o confidence_n to_o deny_v both_o for_o discourse_v with_o a_o country_n usurer_n he_o will_v affirm_v and_o perhaps_o be_v ready_a to_o swear_v to_o it_o that_o this_o abatement_n of_o interest_n be_v
a_o knavish_a design_n of_o the_o citizen_n to_o advance_v themselves_o who_o be_v too_o proud_a already_o and_o that_o if_o it_o go_v forward_o it_o will_v undo_v all_o the_o country_n gentleman_n in_o england_n and_o if_o one_o speak_v with_o the_o city_n usurer_n they_o will_v be_v as_o ready_a to_o affirm_v that_o this_o be_v a_o plot_n carry_v on_o only_o by_o nobleman_n and_o gentleman_n who_o estate_n be_v all_o in_o land_n for_o their_o own_o advantage_n and_o that_o it_o will_v spoil_v all_o the_o trade_n of_o the_o kingdom_n be_v a_o project_n at_o one_o instant_a to_o take_v off_o just_a one_o three_o of_o all_o man_n estate_n that_o be_v personal_a and_o add_v the_o same_o proportion_n to_o all_o such_o who_o estate_n be_v real_a which_o in_o effect_n be_v to_o impoverish_v all_o the_o young_a and_o enrich_v all_o elder_a brother_n in_o england_n so_o that_o out_o of_o the_o mouth_n of_o the_o great_a and_o wise_a adversary_n to_o this_o principle_n it_o may_v be_v just_o conclude_v that_o though_o single_o they_o deny_v the_o truth_n of_o it_o yet_o joint_o they_o confess_v it_o to_o conclude_v there_o be_v nothing_o that_o i_o have_v say_v or_o that_o i_o think_v any_o other_o can_v say_v upon_o this_o occasion_n but_o be_v say_v in_o substance_n before_o by_o old_a sir_n thomas_n culpepper_n though_o unknown_a to_o i_o who_o have_v a_o ampel_v and_o clear_a sight_n into_o the_o whole_a nature_n of_o this_o principle_n and_o the_o true_a effect_n and_o consequence_n of_o it_o truth_n be_v always_o the_o same_o though_o illustration_n may_v vary_v nor_o can_v any_o thing_n now_o be_v object_v against_o the_o make_n a_o law_n for_o a_o further_a abatement_n of_o interest_n but_o the_o same_o that_o be_v object_v in_o those_o time_n wherein_o the_o former_a statute_n pass_v so_o that_o why_o my_o opposer_n shall_v cavil_v at_o the_o do_v of_o that_o by_o a_o law_n in_o england_n now_o which_o he_o seem_v to_o ●ike_v well_o if_o it_o can_v be_v do_v i_o know_v no_o real_a cause_n except_o it_o be_v that_o in_o truth_n he_o be_v wise_a enough_o to_o know_v that_o a_o law_n in_o england_n will_v certain_o do_v the_o work_n as_o it_o have_v do_v former_o and_o in_o consequence_n his_o own_o private_a gain_n will_v be_v retrench_v before_o i_o conclude_v i_o think_v it_o necessary_a for_o caution_n to_o my_o countryman_n to_o let_v they_o know_v what_o effect_n these_o discourse_n have_v have_v on_o other_o when_o i_o write_v my_o first_o treatise_n interest_n be_v in_o the_o island_n of_o barbadoes_n at_o 15_o per_fw-la centum_fw-la where_o it_o be_v since_o by_o a_o act_n of_o the_o country_n bring_v down_o to_o 10_o per_fw-la cent_n a_o great_a fall_n at_o once_o and_o our_o weekly_a gazette_n do_v some_o month_n pass_v inform_v we_o that_o the_o sweed_n by_o a_o law_n have_v bring_v down_o their_o interest_n to_o 6_o per_fw-la cent_n neither_o of_o which_o can_v have_v any_o good_a effect_n upon_o we_o but_o certain_o the_o contrary_a except_o by_o way_n of_o emulation_n they_o quicken_v we_o to_o provide_v in_o time_n for_o our_o own_o good_a and_o prosperity_n i_o have_v now_o do_v with_o this_o controversy_n and_o therein_o discharge_v my_o duty_n to_o my_o native_a country_n and_o though_o ignorance_n malice_n or_o private_a interest_n may_v yet_o for_o some_o time_n oppose_v it_o i_o be_o confident_a the_o wisdom_n of_o my_o countryman_n will_v at_o length_n find_v their_o true_a and_o general_a interest_n in_o the_o establishment_n of_o such_o a_o law_n which_o as_o to_o my_o own_o particular_a concernment_n signify_v not_o two_o farthing_n whether_o they_o do_v or_o not_o chap._n ii_o concern_v the_o relief_n and_o employment_n of_o the_o poor_a this_o be_v a_o calm_a subject_n and_o thwart_v no_o common_a or_o private_a interest_n among_o we_o except_o that_o of_o the_o common_a enemy_n of_o mankind_n the_o devil_n so_o i_o hope_v that_o what_o shall_v be_v offer_v towards_o the_o effect_n of_o so_o universal_o acceptable_a a_o work_n as_o this_o and_o the_o removal_n of_o the_o innumerable_a inconvenience_n that_o do_v now_o and_o have_v in_o all_o age_n attend_v this_o kingdom_n through_o defect_n of_o such_o provision_n for_o the_o poor_a will_v not_o be_v ill_o take_v although_o the_o plaster_n at_o first_o essay_n do_v not_o exact_o fit_v the_o sore_a in_o the_o discourse_n of_o this_o subject_n i_o shall_v first_o assert_v some_o particular_n which_o i_o think_v ar●●greed_v by_o common_a consent_n and_o from_o thence_o take_v occasion_n to_o proceed_v to_o what_o be_v more_o doubtful_a 1._o that_o our_o poor_a in_o england_n have_v always_o be_v in_o a_o most_o sad_a and_o wretched_a condition_n some_o famish_v for_o want_n of_o bread_n other_o starve_v with_o cold_a and_o nakedness_n and_o many_o whole_a family_n in_o all_o the_o out_o part_n of_o city_n and_o great_a town_n common_o remain_v in_o a_o languish_a nasty_a and_o useless_a condition_n uncomfortable_a to_o themselves_o and_o unprofitable_a to_o the_o kingdom_n this_o be_v confess_v and_o lament_v by_o all_o men._n 2._o that_o the_o child_n of_o our_o poor_a breed_v up_o in_o beggary_n and_o laziness_n do_v by_o that_o mean_n become_v not_o only_o of_o unhealthy_a body_n and_o more_o than_o ordinary_o subject_a to_o many_o loathsome_a disease_n whereof_o very_a many_o die_n in_o their_o tender_a age_n and_o if_o any_o of_o they_o do_v arrive_v to_o year_n and_o strength_n they_o be_v by_o their_o idle_a habit_n contract_v in_o their_o youth_n render_v for_o ever_o after_o indispose_v to_o labour_n and_o serve_v only_o to_o stock_n the_o kingdom_n with_o thief_n and_o beggar_n 3._o that_o if_o all_o our_o impotent_a poor_a be_v provide_v for_o and_o those_o of_o both_o sex_n and_o all_o age_n that_o can_v do_v work_n of_o any_o kind_n employ_v it_o will_v redound_v some_o hundred_o of_o thousand_o of_o pound_n per_fw-la annum_fw-la to_o the_o public_a advantage_n 4._o that_o it_o be_v our_o duty_n to_o god_n and_o nature_n so_o to_o provide_v for_o and_o employ_v the_o poor_a 5._o that_o by_o so_o do_v one_o of_o the_o great_a sin_n for_o which_o this_o land_n ought_v to_o mourn_v will_v be_v remove_v 6._o that_o our_o forefather_n have_v pious_a intention_n towards_o this_o good_a work_n as_o appear_v by_o the_o many_o statute_n make_v by_o they_o to_o this_o purpose_n 7._o that_o there_o be_v place_n in_o the_o world_n wherein_o the_o poor_a be_v so_o provide_v for_o and_o employ_v as_o in_o holland_n hambrough_n new-england_n and_o other_o and_o as_o i_o be_o inform_v now_o in_o the_o city_n of_o paris_n thus_o far_o we_o all_o agree_v the_o first_o question_n then_o that_o natural_o occur_v be_v question_v how_o come_v it_o to_o pass_v that_o in_o england_n we_o do_v not_o nor_o ever_o do_v comfortable_o maintain_v and_o employ_v our_o poor_a the_o common_a answer_n to_o this_o question_n be_v two_o 1._o that_o our_o law_n to_o this_o purpose_n be_v as_o good_a as_o any_o in_o the_o world_n but_o we_o fail_v in_o the_o execution_n 2._o that_o former_o in_o the_o day_n of_o our_o pious_a ancestor_n the_o work_n be_v do_v but_o now_o charity_n be_v decease_v and_o that_o be_v the_o reason_n we_o see_v the_o poor_a so_o neglect_v as_o now_o they_o be_v in_o both_o which_o answer_v i_o humble_o conceive_v the_o effect_n be_v mistake_v for_o the_o cause_n for_o though_o it_o can_v be_v deny_v but_o there_o have_v be_v and_o be_v a_o great_a failure_n in_o the_o execution_n of_o those_o statute_n which_o relate_v to_o the_o poor_a yet_o i_o say_v the_o cause_n of_o that_o failure_n have_v be_v occasion_v by_o defect_n of_o the_o law_n themselves_o for_o otherwise_o what_o be_v the_o reason_n that_o in_o our_o late_a time_n of_o confusion_n and_o alteration_n wherein_o almost_o every_o party_n in_o the_o nation_n at_o one_o time_n or_o other_o take_v their_o turn_n at_o the_o helm_n and_o all_o have_v that_o compass_n those_o law_n to_o steer_v by_o and_o yet_o none_o of_o they_o can_v or_o ever_o do_v conduct_v the_o poor_a into_o a_o harbour_n of_o security_n to_o they_o and_o profit_n to_o the_o kingdom_n i._n e._n none_o sufficient_o maintain_v the_o impotent_a and_o employ_v the_o indigent_a among_o we_o and_o if_o this_o be_v never_o do_v in_o any_o age_n nor_o by_o any_o sort_n of_o man_n whatsoever_o in_o this_o kingdom_n who_o have_v the_o use_n of_o those_o law_n now_o in_o force_n it_o seem_v to_o i_o a_o very_a strong_a argument_n that_o it_o never_o can_v nor_o ever_o will_v be_v do_v by_o those_o law_n and_o that_o consequent_o the_o defect_n lie_v in_o the_o law_n themselves_o not_o in_o the_o man_n i._n e._n those_o that_o shall_v put_v they_o in_o execution_n as_o to_o the_o second_o