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A50953 England's glory, or, The great improvement of trade in general, by a royal bank, or office of credit, to be erected in London wherein many great advantages that will hereby accrue to the nation, to the crown, and to the people, are mentioned : with answers to the objections that may be made against this bank / by H.M. Mackworth, Humphrey, Sir, 1657-1727. 1694 (1694) Wing M218; ESTC R22279 22,801 108

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To the Right Honourable Sr William Ashurst Kt. LORD MAYOR of the City of LONDON The Right Worshipful Sir Robert Clayton Sir John Houbland Sir William Hedges Sir Stephen Evans Sir William Cooper Sir Thomas Littleton Sir William Scawen Sir Edward Abney Sir Henry Furnesse Sir James Sheen Knights And the Worshipful Michael Godfrey John Ward Theodore Johnson James Bateman Obadiah Sedgwick Nathanael Herne William Pateson John Holland Richard Burton and John Bellamy Esquires Commissioners for the said BANK SIRS GREAT Britain is acknowledged by all the World to be Queen of the Isles and as capable to live within it self as any Nation having not only all things necessary for the Life of Man but also Abundance Materials and Stores of Manufactures and Commodities to a Superfluity for Transportation and is comparably situated for a Royal Bank of Credit that all Trade offers it self to all its Ports and Harbours The Soil of our Country being exceeding rich abounding with all things necessary for Peace and War as Grain Horses Beeves Sheep Flax Wooll and other Trafficks Also Mines of Tinn Copper Lead Iron Coals inexhaustible and no Nation in the Vniverse but partakes of its Woollen Manufacture more or less and of its Linen Paper of all Sorts and Silk now made in England to great Perfection and our Seas every where filled with Shoals of Fish as good as Ready Money to fetch in all Foreign Commodities Now shall the God of Nature give us such great Blessings and we be wanting on our Parts to improve them Doubtless we may aggrandize our Trade with an inestimable Account if we would our selves and make our Territories as Rich and Populous as we please under so Wise Glorious Valiant and Good King and Queen and Government as we have had we publick Spirits as we ought to give Countenance to Brave Actions of Industrious Men and did truly mind the Business of Trade and Populacy as much as we do Pleasures and Luxury Your Banks will beget Trade and People and they will beget Riches and then honest Pleasures will come of course Riches are the Conveniencies of a Nation but Trade and People are the Glory and Strength of the Kingdom If we once come to be good and industrious in Fearing and Serving God in being obedient to our Good King and Queen loving and charitable to one another we may expect God's Blessing upon our Forces by Land and Sea and no Nation can exceed us either at home or in foreign Parts we having so many Materials to employ our People and our Nation hardy and ingenious enough to work and raise all sorts of Manufactures within our selves which now we have from abroad If we did but take care to catch our own Fish work up our own Growths perfect our own Manufactures as Linen Woollen Paper of all sorts thus doing will make us infinitely Rich to Eternity Our Country being surrounded with our Neighbour-Natives and of most Concern and near them we are designed for all manner of Riches and to be the Seat of Empire being a Land so pleasant and London so Great and Glorious that it invites all People to come over and stay here Our Country thus accomplish'd with all Blessings as to Fertility and Ingenuity a little help will make it the most Glorious Place in the World and His Majesty the most Potent Prince in Christendom I have hinted here at the chiefest Advantages we are capable of these I am sure will do England and Ireland's Work effectually if truly encouraged and we shall be ten times Richer in the third Part of an Age by the Help of these Banks if you employ your Time and the Money of the Bank to Publick Uses and Accounts as may be directed in such Contrivances as may tend to the General Good of all I beseech you Imitate His most Sacred Majesty and his Royal Consort who are never weary in doing Good but are ready at all times to encourage Trade Ingenuity and Discoveries beyond any former Princes And let Their great Wisdom and Goodness be your Example To conclude If you should happen to read this little Brat if you think it not for the Publick cast it from you but if perswaded from the Reason of the thing that it will in some measure accomplish the End after mention'd then you are as much sound and perchance more to promote the thing than my self All Men are satisfied 〈◊〉 Bank will be very advantagious to a Nation especially to a trading People situate as 〈◊〉 are But the Great Question hath formerly been How to raise a Stock or Fund that shall be credited by all but now this Grand and Old Obstacle is removed as hath been fully manifested and made visibly apparent to all Gain-sayers by some Thousands of Persons in their voluntary and ready subscribing near Eight hundred thousand Pounds in four Days I hope the Thing will suit most Mens Interests but if I am mistaken in my Measures I humbly crave Your Pardons and subscribe Yours in all Humility H. M. England's Glory BY A ROYAL BANK Anno Quinto Sexto Gulielmi Mariae 1694. WHEREAS it is Enacted That if Twelve Hundred Thousand Pounds or Six Hundred Thousand Pounds a half Moiety thereof or more be Subscribed and one Fourth part of such Subscriptions paid into the Exchequer by the First of August next and the remaining part of the Subscriptions paid by the First of January next All Persons Natives and Foreigners so doing are to be Members of the Corporation for a Royal Bank in England to be Obtained under the Great Seal of England And that One Hundred Thousand Pounds shall be paid out of the Exchequer yearly to the Government of such Corporation to answer Eight per Cent. per Annum for ever The said One hundred thousand Pounds to be applyed by the Corporation to such Uses as by the Charter to be directed And forasmuch as so grea● and publick an Undertaking as i● thereby intended cannot so effectually be performed and carried on otherwise than by a Body Politick or Corporate For the speedy furtherance hereof these several Honourable and Worthy Persons of most considerable Quality and Ability hereafter named Viz. Sir Patient Ward Sir William Gore Sir John Morden Sir Benjamin Newland Sir John Bucknall Francis Parey George Boddington John Dubois Samuel Ongeley Peter Hublon Esquires With many others out of their constant Zeal to the Publick Good of the Kingdom and its Trade and a firm Assurance that the Benefits and Advantages of a Royal Bank are such as will advance the Wealth of their Majesties Kingdoms and mainly supply all Defects in Trade and also be greatly Destructive to the French King's Interest Now for the Encouraging and better Establishing so great a Blessing and t● satisfie all to whom it may seen doubtful what are the Advantages of a Royal Bank and what a Bill of Credit from this Bank and its Uses are Observe First A Bill of Credi● from this Bank-Office is transferrable