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Word A Word B Word C Word D Occurrence Frequency Band MI MI Band Prominent
city_n country_n great_a see_v 4,189 4 3.4001 3 false
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ID Title Author Corrected Date of Publication (TCP Date of Publication) STC Words Pages
A35215 An essay towards the setlement of a national credit in the kingdom of England humbly presented to the two honourable Houses of Parliament / by John Cary ... Cary, John, d. 1720? 1696 (1696) Wing C731; ESTC R8095 6,929 24

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29._o iii_o the_o three_o thing_n be_v to_o make_v some_o comparison_n between_o the_o credit_n here_o propose_v and_o the_o present_a bank_n of_o england_n which_o i_o humble_o conceive_v be_v so_o shake_v in_o its_o reputation_n as_o have_v render_v it_o uncapable_a to_o be_v make_v the_o foundation_n of_o a_o national_a credit_n and_o whilst_o we_o labour_v to_o recover_v it_o we_o may_v run_v the_o hazard_n of_o destroy_v our_o trade_n disturb_v the_o government_n and_o keep_v ourselves_o under_o a_o linger_a war_n whilst_o we_o encourage_v the_o french_a king_n to_o try_v his_o utmost_a effort_n hope_v that_o our_o difficulty_n at_o home_n will_v force_v we_o to_o accept_v of_o a_o dishonourable_a peace_n it_o be_v certain_a nothing_o can_v be_v the_o support_n of_o a_o national_a credit_n which_o be_v not_o better_o or_o at_o least_o so_o good_a as_o money_n and_o this_o be_v not_o to_o be_v find_v in_o the_o bank_n of_o england_n who_o note_n whilst_o they_o be_v one_o per_fw-la cent._n worse_o than_o specie_fw-la will_v always_o keep_v their_o coffer_n empty_a because_o no_o man_n will_v put_v into_o it_o a_o hundred_o pound_n in_o money_n when_o he_o can_v have_v a_o note_n of_o the_o same_o value_n for_o ninety_o nine_o and_o the_o consequence_n will_v be_v this_o that_o the_o lender_n or_o rather_o the_o jobber_z will_v never_o rest_v till_o he_o be_v repay_v that_o so_o he_o may_v be_v make_v advantage_n by_o a_o new_a purchase_n and_o if_o this_o will_v be_v the_o effect_n of_o a_o credit_n worse_o only_o by_o one_o per_fw-la cent._n than_o money_n what_o will_v it_o be_v when_o it_o be_v sink_v to_o sixteen_o whereas_o on_o the_o other_o side_n when_o a_o credit_n be_v better_a than_o money_n the_o coffer_n will_v ever_o be_v full_a because_o all_o man_n will_v endeavour_v to_o put_v in_o their_o money_n and_o be_v impatient_a till_o it_o be_v do_v and_o thus_o it_o will_v be_v when_o the_o lender_n think_v himself_o secure_a and_o make_v more_o 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already_o enter_v into_o and_o tax_n now_o to_o be_v give_v for_o six_o month_n long_o beside_o the_o foreign_a bill_n which_o be_v general_o make_v payable_a there_o all_o which_o must_v be_v return_v in_o specie_fw-la for_o though_o by_o a_o act_n of_o this_o present_a session_n entitle_v a_o act_n for_o the_o far_o remedy_v the_o ill_a state_n of_o the_o coin_n of_o this_o kingdom_n it_o be_v among_o other_o thing_n provide_v that_o all_o money_n that_o shall_v be_v bring_v in_o upon_o account_n of_o tax_n or_o revenue_n or_o loan_n at_o five_o shilling_n and_o eight_o penny_n per_fw-la ounce_n shall_v be_v carry_v to_o the_o next_o adjacent_a mint_n in_o order_n to_o be_v recoined_a yet_o this_o will_v no_o way_n be_v serviceable_a to_o the_o country_n unless_o a_o credit_n be_v settle_v it_o must_v otherwise_o be_v send_v up_o to_o london_n after_o coin_v for_o want_n of_o return_v the_o debt_n due_a to_o the_o country_n be_v pay_v there_o in_o bank_n which_o be_v sixteen_o per_fw-la cent._n worse_o than_o money_n and_o those_o due_n from_o the_o country_n demand_v in_o specie_fw-la so_o that_o the_o money_n of_o england_n be_v every_o week_n bring_v up_o thither_o and_o then_o if_o it_o be_v next_o consider_v what_o method_n be_v leave_v to_o the_o country_n to_o draw_v it_o back_o again_o viz._n by_o provision_n and_o some_o few_o other_o thing_n it_o will_v be_v reasonable_a to_o believe_v that_o see_v the_o supply_n make_v from_o that_o city_n to_o the_o country_n be_v great_a then_o what_o be_v make_v from_o the_o country_n thither_o all_o the_o cash_n of_o england_n will_v centre_n there_o in_o a_o short_a time_n to_o the_o ruine_n of_o the_o other_o trade_n city_n and_o disable_n of_o the_o country_n to_o pay_v future_a tax_n and_o this_o will_v make_v the_o dependence_n on_o london_n still_v great_a till_o by_o its_o own_o bloatiness_n it_o must_v at_o last_o burst_v when_o the_o estate_n of_o the_o trader_n shall_v consist_v only_o in_o debt_n due_a from_o the_o country_n which_o must_v still_o lie_v out_o for_o want_v of_o a_o specie_fw-la to_o pay_v they_o in_o so_o that_o all_o the_o advantage_n london_n will_v receive_v be_v that_o it_o will_v be_v last_o ruin_v now_o if_o a_o good_a credit_n be_v settle_v out_o of_o hand_n and_o the_o mint_n continue_v in_o the_o country_n the_o money_n that_o be_v now_o there_o may_v be_v still_o keep_v there_o and_o method_n find_v out_o to_o increase_v it_o and_o the_o trade_n of_o england_n carry_v on_o with_o a_o equal_a circulation_n in_o all_o place_n this_o will_v keep_v up_o the_o rent_n of_o the_o land_n of_o england_n which_o must_v otherwise_o fall_v in_o their_o value_v suitable_a to_o the_o distance_n they_o stand_v in_o from_o that_o great_a metropolis_n if_o it_o be_v object_v that_o the_o management_n of_o this_o credit_n will_v be_v very_o costly_a to_o the_o nation_n i_o humble_o conceive_v that_o the_o profit_v thereof_o will_v not_o only_o support_v its_o charge_n but_o also_o bring_v in_o a_o great_a overplus_n which_o may_v be_v useful_o employ_v to_o the_o nation_n advantage_n yet_o be_v this_o objection_n true_a nothing_o can_v be_v term_v good_a husbandry_n which_o spoil_v our_o trade_n the_o stop_v whereof_o but_o for_o one_o month_n will_v be_v many_o million_o lose_v to_o the_o kingdom_n therefore_o whatever_o charge_n be_v necessary_a to_o keep_v it_o on_o foot_n it_o will_v be_v the_o nation_n interest_n to_o be_v at_o especial_o such_o a_o bank_n as_o this_o be_v who_o profit_n or_o loss_n be_v compatible_a with_o the_o interest_n of_o the_o subject_a for_o if_o the_o bank_n lose_v it_o be_v because_o the_o subject_n get_v and_o if_o the_o bank_n get_v the_o nation_n have_v the_o profit_n whilst_o at_o the_o same_o time_n the_o government_n be_v support_v and_o our_o trade_n carry_v on_o if_o by_o rectify_v this_o or_o any_o better_a proposal_n from_o a_o more_o think_v head_n the_o credit_n of_o the_o nation_n may_v be_v settle_v in_o this_o present_a session_n i_o have_v reap_v the_o end_n i_o aim_v at_o the_o good_a and_o welfare_n of_o my_o native_a country_n which_o i_o humble_o submit_v to_o your_o honour_n great_a wisdom_n and_o shall_v be_v ready_a to_o explain_v any_o thing_n that_o may_v seem_v doubtful_a when_o i_o be_o thereto_o command_v your_o honour_n most_o obedient_a servant_n john_n cary._n january_n 5_o the_o 1696._o