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Word A Word B Word C Word D Occurrence Frequency Band MI MI Band Prominent
city_n great_a house_n time_n 4,067 4 3.1680 3 false
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ID Title Author Corrected Date of Publication (TCP Date of Publication) STC Words Pages
B05845 An answer to a letter to a gentleman in the countrey, giving an account of the two insurance-offices, the Fire-Office & Friendly-Society H. S.; Barbon, Nicholas, d. 1698. Letter to a gentleman in the country giving an account of the two insurance-offices, the Fire-Office & Friendly-Society. 1685 (1685) Wing S33; ESTC R183108 5,457 5

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a_o answer_n to_o a_o letter_n to_o a_o gentleman_n in_o the_o country_n give_v a_o account_n of_o the_o two_o insurance-office_n the_o fire-office_n &_o friendly-society_n i_o have_v receive_v you_o of_o the_o 26_o of_o january_n be_v a_o account_n of_o the_o two_o insurance_n office_n the_o fire_n office_n and_o the_o friendly_a society_n and_o according_a to_o your_o desire_n return_v you_o this_o answer_n wherein_o to_o observe_v your_o own_o method_n i_o shall_v consider_v 1._o the_o security_n of_o each_o office_n 2._o the_o charge_n of_o insure_v and_o in_o compare_v they_o one_o with_o another_o the_o argument_n i_o use_v shall_v arise_v from_o those_o you_o make_v in_o your_o letter_n to_o i_o and_o the_o insurer_n of_o the_o fire_n office_n have_v former_o make_v in_o their_o paper_n direct_v to_o the_o city_n the_o insurer_n of_o the_o fire_n office_n have_v as_o you_o say_v settle_v in_o ground_n rent_n to_o the_o value_n of_o fifty_o thousand_o pound_n which_o admit_v though_o i_o fear_v rent_n of_o 2100_o l._n per_fw-la annum_fw-la a_o great_a part_n of_o they_o lie_v in_o marine_a square_n well-street_n near_o ratcliff_n and_o other_o place_n thereabouts_o will_v hardly_o yield_v 24_o year_n purchase_n on_o this_o security_n by_o their_o deed_n of_o settlement_n they_o have_v liberty_n to_o insure_v 5000_o house_n which_o the_o insurer_n themselves_o in_o the_o say_v print_v paper_n to_o the_o city_n have_v value_v at_o 400_o l._n a_o house_n one_o with_o another_o which_o do_v charge_v their_o security_n of_o 50000_o l._n with_o no_o less_o than_o two_o million_o of_o pound_n but_o you_o say_v when_o any_o loss_n happen_v to_o the_o fire_n office_n it_o be_v pay_v out_o of_o the_o bank_n of_o the_o office_n and_o the_o land_n which_o be_v the_o fund_z be_v n●ver_o the_o less_o this_o indeed_o be_v a_o great_a argument_n if_o the_o proemium_n receive_v by_o they_o be_v pay_v into_o a_o bank_n and_o that_o engage_v for_o the_o payment_n of_o their_o loss_n but_o there_o be_v no_o such_o thing_n neither_o be_v any_o personal_a security_n give_v but_o especial_a care_n take_v that_o nothing_o in_o their_o settlement_n shall_v charge_v their_o person_n so_o that_o they_o may_v pay_v or_o not_o pay_v as_o they_o please_v which_o 〈…〉_o insurer_n yet_o in_o aftertime_n it_o be_v not_o unlikely_a but_o it_o may_v so_o happen_v when_o the_o whole_a number_n be_v insure_v that_o they_o may_v find_v it_o their_o interest_n not_o to_o pay_v away_o their_o ready_a money_n but_o leave_v the_o loss_n to_o be_v pay_v out_o of_o the_o rent_n but_o it_o can_v never_o be_v the_o interest_n of_o the_o insurer_n in_o the_o friendly_a society_n to_o stop_v payment_n because_o their_o office_n become_v thereby_o immediate_o dissolve_v but_o whilst_o they_o continue_v to_o make_v good_a payment_n the_o several_a person_n in_o the_o society_n if_o solvent_a be_v engage_v to_o pay_v it_o they_o again_o therefore_o there_o be_v no_o reason_n to_o fear_v a_o default_n which_o must_v be_v so_o pernicious_a to_o they_o if_o they_o do_v not_o pay_v and_o of_o so_o little_a hazard_n as_o you_o say_v if_o they_o do_v and_o though_o from_o thence_o it_o be_v true_a that_o they_o be_v not_o so_o personal_o concern_v to_o be_v at_o the_o charge_n to_o keep_v man_n to_o put_v out_o the_o fire_n yet_o they_o be_v now_o set_v they_o out_o and_o do_v so_o propose_v from_o the_o beginning_n which_o although_o they_o may_v be_v raw_a at_o the_o present_a may_v soon_o become_v as_o well_o discipline_v as_o the_o other_o and_o whereas_o you_o say_v the_o fund_z of_o the_o fire_n office_n be_v so_o large_a that_o consider_v the_o house_n insure_v be_v disperse_v at_o several_a distance_n it_o be_v very_o improbable_a unless_o the_o whole_a city_n be_v destroy_v that_o any_o loss_n at_o one_o time_n shall_v exceed_v the_o fund_z wherefore_o to_o put_v this_o on_o the_o trial_n i_o will_v suppose_v that_o for_o the_o future_a as_o well_o as_o in_o the_o three_o last_o year_n as_o you_o say_v there_o will_v be_v seven_o thousand_o pound_n to_o be_v pay_v out_o of_o these_o rent_n to_o answer_v the_o loss_n by_o fire_n then_o at_o that_o rate_n in_o 31_o year_n for_o for_o that_o time_n as_o many_o as_o please_v of_o the_o first_o three_o thousand_o may_v have_v secure_v their_o house_n as_o by_o the_o table_n of_o their_o first_o print_v rate_n appear_v there_o will_v be_v pay_v seventy_o thousand_o pound_n which_o be_v twenty_o thousand_o pound_n more_o than_o their_o whole_a stock_n amount_v to_o though_o value_v at_o 24_o year_n purchase_n but_o not_o to_o attend_v so_o long_a a_o time_n as_o 31_o year_n for_o the_o event_n of_o this_o trial_n suppose_v only_o that_o when_o the_o first_o seven_o thousand_o pound_n come_v to_o be_v pay_v by_o the_o trustee_n out_o of_o the_o say_a rent_n the_o rest_n of_o the_o five_o thousand_o person_n who_o house_n be_v insure_v and_o not_o burn_v shall_v prefer_v their_o bill_n in_o chancery_n and_o desire_v the_o court_n that_o a_o injunction_n may_v be_v grant_v that_o the_o ground_n rent_n may_v not_o be_v sell_v right_o out_o but_o that_o they_o who_o house_n be_v burn_v may_v be_v satisfy_v out_o of_o the_o grow_a rent_n lest_o in_o some_o time_n they_o shall_v be_v whole_o leave_v without_o remedy_n and_o some_o be_v pay_v all_o and_z other_o none_o at_o all_o which_o if_o the_o court_n think_v fit_a to_o grant_v as_o to_o i_o seem_v very_o equal_a and_o just_a pray_v let_v we_o then_o see_v how_o the_o case_n will_v stand_v in_o the_o fire_n office_n which_o will_v undoubted_o be_v thus_o the_o whole_a ground_n rent_n be_v but_o 2100_o l._n per_fw-la annum_fw-la will_v not_o answer_v the_o say_v 7000_o l._n in_o less_o than_o three_o year_n and_o a_o half_a and_o then_o if_o 7000_o l._n more_o be_v burn_v whilst_o the_o first_o be_v receive_v the_o owner_n of_o the_o house_n burn_v must_v stay_v i_o can_v say_v how_o long_o for_o the_o second_o payment_n but_o the_o three_o or_o four_o loss_n will_v scarce_o be_v pay_v for_o aught_o that_o i_o can_v foresee_v in_o this_o generation_n the_o security_n give_v by_o the_o undertaker_n in_o the_o friendly_a society_n and_o settle_v in_o the_o hand_n of_o the_o right_n honourable_a the_o lord_n mayor_n and_o other_o as_o trustee_n amount_n to_o the_o value_n of_o 16000_o l._n in_o land_n of_o inheritance_n rend_v charge_n of_o inheritance_n and_o some_o few_o house_n and_o they_o do_v likewise_o give_v their_o personal_a security_n for_o all_o the_o money_n deposit_v in_o their_o hand_n to_o be_v repay_v after_o the_o several_a term_n of_o insurance_n expire_v which_o be_v five_o part_n of_o sir_n of_o the_o whole_a money_n pay_v down_o to_o the_o insurer_n now_o to_o prove_v that_o this_o security_n be_v abundant_o sufficient_a to_o answer_v any_o loss_n may_v probable_o happen_v i_o argue_v thus_o since_o the_o beginning_n of_o september_n last_o which_o be_v the_o time_n they_o first_o open_v their_o office_n suppose_v there_o be_v but_o a_o thousand_o house_n insure_v in_o the_o friendly_a society_n though_o there_o be_v some_o hundred_o more_o which_o at_o three_o hundred_o pound_n a_o house_n one_o with_o another_o raise_v a_o stock_n of_o four_o thousand_o five_o hundred_o pound_n at_o thirty_o shilling_n for_o every_o 100_o l._n and_o if_o the_o number_n increase_v at_o that_o proportion_n for_o three_o year_n the_o stock_n will_v be_v twenty_o seven_o thousand_o pound_n to_o answer_v the_o loss_n of_o every_o single_a fire_n beside_o the_o sixteen_o thousand_o pound_n settle_v on_o the_o trustee_n whereas_o the_o fund_z in_o the_o fire_n office_n will_v not_o answer_v above_o five_o thousand_o pound_n for_o the_o loss_n that_o shall_v happen_v in_o the_o whole_a three_o year_n which_o be_v most_o apparent_a by_o the_o former_a calculation_n now_o if_o this_o be_v true_o state_v as_o i_o firm_o believe_v it_o be_v i_o do_v not_o understand_v why_o you_o assert_v so_o positive_o that_o their_o security_n in_o the_o fire_n office_n be_v better_a than_o that_o of_o the_o friendly_a society_n and_o now_o have_v do_v with_o the_o validity_n of_o the_o security_n give_v in_o each_o office_n let_v we_o 〈…〉_o ready_a make_v my_o trial_n from_o what_o have_v be_v matter_n of_o fact_n and_o allow_v in_o their_o paper_n and_o not_o by_o dark_a foreign_n and_o unreasonable_a computation_n thing_n bare_o possible_a but_o never_o i_o hope_v god_n likely_a to_o happen_v first_o to_o insure_v three_o hundred_o pound_n on_o a_o brick_n house_n in_o the_o fire_n office_n for_o twenty_o one_o year_n will_v cost_v seven_o pound_n ten_o shilling_n in_o ready_a money_n the_o hare_n interest_n of_o which_o come_v to_o nine_o shilling_n per_fw-la annum_fw-la and_o have_v you_o
insure_v three_o hundred_o pound_n on_o a_o brick_n house_n in_o the_o friendly_a society_n for_o fifteen_o year_n next_o after_o the_o great_a fire_n the_o whole_a charge_n to_o the_o loss_n by_o fire_n and_o the_o yearly_a payment_n to_o the_o insurer_n will_v have_v cost_v but_o six_o shilling_n per_fw-la annum_fw-la as_o by_o the_o follow_a computation_n former_o insert_v in_o their_o print_a proposal_n will_v most_o plain_o appear_v suppose_v then_o the_o city_n and_o liberry_n be_v insure_v by_o the_o friendly_a society_n in_o london_n and_o the_o liberty_n in_o the_o say_v fifteen_o year_n there_o be_v ninety_o seven_o house_n burn_v the_o several_a number_n and_o street_n be_v mention_v in_o their_o print_a paper_n to_o the_o city_n but_o to_o avoid_v a_o fraction_n in_o the_o account_n i_o suppose_v they_o a_o hundred_o which_o at_o threee_v hundred_o pound_n a_o house_n one_o with_o another_o the_o whole_a loss_n amount_v in_o the_o fifteen_o year_n to_o thirty_o thousand_o pound_n and_o divide_v into_o fifteen_o part_n make_v two_o thousand_o pound_v loss_n every_o year_n to_o answer_v which_o loss_n suppose_v that_o in_o london_n and_o the_o liberty_n there_o be_v but_o twenty_o thousand_o house_n but_o there_o be_v real_o twenty_o four_o thousand_o and_o they_o all_o secure_v at_o three_o hundred_o pound_n a_o house_n then_o must_v the_o insure_v pay_v to_o discharge_v the_o thirty_o thousand_o pound_n by_o two_o thousand_o pound_n per_fw-la annum_fw-la the_o sum_n of_o two_o shilling_n per_fw-la annum_fw-la and_o no_o more_o from_o whence_o you_o may_v observe_v what_o unreasonable_a calculation_n you_o have_v make_v in_o suppose_v a_o loss_n will_v exceed_v thirty_o shilling_n for_o a_o hundred_o pound_n when_o in_o that_o fifteen_o year_n the_o real_a loss_n do_v amount_v but_o to_o eight_o penny_n per_fw-la annum_fw-la for_o a_o hundred_o pound_n which_o i_o hope_v will_v case_v you_o of_o the_o fear_n you_o have_v that_o many_o will_v leave_v the_o society_n on_o that_o account_n but_o admit_v the_o loss_n of_o the_o say_v fifteen_o year_n have_v amount_v to_o seventy_o five_o thousand_o pound_n instead_o of_o thirty_o thousand_o pound_n it_o have_v yet_o keep_v within_o the_o interest_n of_o the_o money_n pay_v in_o the_o fire_n office_n viz._n nine_o shilling_n per_fw-la annum_fw-la because_o if_o two_o shilling_n per_fw-la annum_fw-la pay_v for_o thirty_o thousand_o pound_n loss_n than_o five_o shilling_n per_fw-la annum_fw-la which_o with_o the_o four_o shilling_n to_o the_o office_n make_v nine_o shilling_n per_fw-la annum_fw-la the_o interest_n of_o the_o money_n pay_v to_o the_o fire_n office_n will_v pay_v for_o seventy_o five_o thousand_o pound_n loss_n and_o whereas_o that_o you_o may_v object_v that_o the_o friendly_a society_n insure_v but_o for_o seven_o year_n and_o you_o for_o twenty_o one_o that_o make_v no_o difference_n in_o the_o charge_n because_o in_o the_o friendly_a society_n a_o house_n of_o three_o hundred_o pound_n may_v be_v insure_v for_o the_o same_o money_n viz._n four_o shilling_n per_fw-la annum_fw-la as_o long_a as_o you_o please_v but_o in_o the_o fire_n office_n when_o the_o twenty_o one_o year_n be_v expire_v they_o must_v pay_v seven_o pound_n ten_o shilling_n more_o and_o then_o instead_o of_o four_o shilling_n a_o year_n pay_v to_o the_o friendly_a society_n the_o interest_n of_o their_o money_n will_v amount_v to_o eighteen_o shilling_n per_fw-la annum_fw-la and_o fifteen_o pound_n beside_o out_o of_o the_o purse_n to_o the_o insurer_n own_o use_n by_o this_o time_n i_o hope_v you_o be_v convince_v that_o the_o fund_z in_o the_o fire_n office_n be_v neither_o great_a nor_o the_o insurance_n cheaper_o than_o in_o the_o friendly_a society_n which_o have_v be_v make_v plain_a to_o you_o not_o bare_o by_o guest_n and_o imagination_n but_o by_o matter_n of_o fact_n there_o rest_v only_o that_o i_o shall_v clear_v some_o thing_n unjust_o lay_v to_o the_o charge_n of_o the_o insurer_n in_o the_o friendly_a society_n viz._n that_o the_o sixteen_o thousand_o pound_n security_n in_o land_n be_v not_o security_n for_o the_o loss_n but_o only_o for_o the_o insolvent_a to_o which_o i_o answer_v that_o admit_v it_o be_v so_o if_o the_o solvent_a pay_n for_o themselves_o and_o the_o insurer_n pay_v for_o the_o insolvent_a pray_v where_o be_v the_o loss_n or_o what_o be_v the_o inconveniency_n but_o i_o wonder_v in_o read_v the_o settlement_n of_o the_o friendly_a society_n you_o shall_v overlook_v the_o most_o material_a article_n in_o it_o where_o it_o be_v careful_o provide_v that_o if_o the_o money_n insure_v on_o any_o house_n burn_v blow_v up_o or_o demolish_v be_v not_o pay_v by_o the_o insurer_n within_o fifty_o day_n after_o the_o rate_n be_v set_v the_o trustee_n by_o mortgage_n or_o sale_n of_o the_o land_n or_o rent_n be_v impower_v to_o pay_v the_o same_o and_o likewise_o with_o some_o compliment_n to_o the_o present_a insurer_n you_o say_v they_o may_v as_o sometime_o the_o parish_n assessor_n rate_v those_o that_o be_v solvent_a something_o the_o more_o to_o pay_v for_o those_o that_o be_v insolvent_a whereas_o in_o another_o article_n it_o be_v provide_v that_o the_o rate_n shall_v be_v make_v by_o such_o person_n as_o the_o trustee_n who_o be_v member_n of_o the_o society_n shall_v 〈…〉_o appoint_v who_o will_v not_o i_o suppose_v over-tax_a themselves_o for_o the_o advantage_n of_o the_o insurer_n the_o like_a mistake_n i_o fear_v a_o wilful_a one_o you_o make_v about_o lose_v the_o money_n deposit_v and_o be_v cashier_v out_o of_o the_o society_n as_o if_o there_o be_v no_o more_o to_o be_v do_v in_o case_n they_o once_o omit_v to_o pay_v what_o become_v due_a to_o the_o insurer_n but_o present_a cashier_v they_o it_o likewise_o be_v affirm_v by_o you_o that_o the_o protfis_n of_o the_o insurer_n in_o the_o friendly_a society_n be_v great_a than_o in_o the_o fire_n office_n i_o can_v imagine_v how_o you_o compute_v it_o for_o in_o the_o paper_n direct_v to_o the_o city_n they_o estimate_v the_o charge_n of_o execute_v their_o office_n at_o a_o thousand_o pound_n per_fw-la annum_fw-la and_o it_o be_v plain_a that_o two_o thousand_o house_n insure_v in_o the_o friendly_a society_n at_o three_o hundred_o pound_n a_o house_n bring_v in_o to_o the_o insurer_n but_o four_o hundred_o pound_n per_fw-la annum_fw-la notwithstanding_o the_o execution_n of_o their_o office_n must_v needs_o be_v more_o chargeable_a than_o that_o of_o the_o fire_n office_n in_o get_v in_o their_o money_n and_o to_o make_v your_o letter_n all_o of_o a_o piece_n you_o affirm_v that_o the_o old_a the_o fire_n office_n the_o better_a but_o the_o friendly_a society_n the_o worse_o who_o contrary_a be_v true_a for_o any_o one_o that_o can_v count_v his_o finger_n must_v know_v that_o if_o 300_o l._n be_v to_o be_v pay_v by_o the_o society_n it_o will_v be_v easy_a sure_o to_o have_v it_o pay_v by_o 1000_o person_n than_o by_o 500_o and_o every_o 100_o l._n insure_v add_v 30_o s._n to_o their_o fund_z which_o if_o occasion_n require_v must_v be_v answer_v either_o by_o the_o insure_v or_o the_o insurer_n which_o may_v satisfy_v all_o concern_v that_o beside_o the_o great_a charge_n of_o their_o office_n they_o have_v not_o their_o small_a proemium_fw-la of_o 16_o d_o per_fw-la annum_fw-la only_o for_o hold_v stake_n you_o argue_v also_o that_o when_o a_o loss_n happen_v to_o the_o friendly_a society_n it_o be_v pay_v out_o of_o the_o proemium_n lessen_v the_o security_n when_o any_o man_n have_v pay_v 10_o s._n or_o 15_o s._n which_o be_v another_o mistake_n for_o the_o security_n be_v the_o same_o after_o any_o payment_n as_o it_o be_v before_o but_o these_o thing_n may_v serve_v to_o amuse_v though_o not_o to_o convince_v any_o as_o for_o your_o discovery_n that_o a_o thousand_o hundred_o to_o one_o make_v one_o hundred_o thousand_o to_o one_o and_o that_o four_o time_n eight_o make_v two_o and_o thirty_o with_o a_o great_a deal_n more_o i_o can_v tell_v to_o what_o purpose_n i_o thank_v you_o for_o it_o but_o i_o know_v not_o at_o present_a what_o use_n to_o make_v of_o it_o but_o will_v remember_v it_o if_o occasion_n serve_v hereafter_o but_o in_o the_o next_o computation_n you_o be_v very_o unmerciful_a in_o seven_o year_n time_n to_o burn_v a_o four_o part_n of_o the_o house_n insure_v by_o they_o destroy_v their_o little_a town_n blow_v up_o their_o office_n and_o dissolve_v the_o society_n but_o since_o it_o can_v be_v help_v but_o so_o you_o will_v have_v it_o let_v i_o turn_v the_o table_n and_o see_v if_o a_o quarter_n of_o the_o house_n secure_v by_o the_o fire_n office_n be_v burn_v in_o the_o same_o time_n for_o i_o believe_v the_o fire_n will_v not_o be_v partial_a whether_o matter_n will_v be_v much_o mend_v the_o four_o part_n of_o the_o house_n insure_v in_o the_o fire_n office_n be_v as_o you_o confess_v a_o thousand_o to_o answer_v the_o loss_n of_o which_o when_o burn_v 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before_o mention_v exceed_v the_o bare_a interest_n of_o the_o money_n give_v to_o the_o fire_n office_n and_o that_o it_o can_v be_v the_o interest_n of_o the_o insurer_n in_o the_o friendly_a society_n to_o stop_v payment_n but_o may_v be_v of_o the_o fire_n office_n i_o may_v now_o with_o great_a reason_n resolve_v to_o insure_v my_o house_n with_o the_o friendly_a society_n and_o the_o rather_o because_o sir_n francis_n pemberton_n sir_n william_n dolben_n and_o mr._n trinder_n who_o draw_v and_o peruse_v their_o settlement_n bedfie_v a_o great_a number_n of_o eminent_a lawyer_n and_o person_n of_o honour_n and_o quality_n have_v already_o make_v themselves_o member_n of_o the_o say_a society_n sir_n i_o be_o your_o humble_a servant_n h._n s._n london_n print_v by_o william_n horton_n 1685._o these_o paper_n to_o be_v have_v gratis_o at_o the_o office_n in_o 〈◊〉_d court_n over_o against_o s●_n dunstan_n church_n in_o fl●●●_n 〈◊〉_d