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country_n great_a part_n year_n 5,288 5 4.4857 4 true
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ID Title Author Corrected Date of Publication (TCP Date of Publication) STC Words Pages
A82030 Decay of trade. A treatise against the abating of interest. Or Reasons shewing the inconveniencies which will insue, by the bringing downe of interest money to six or five in the hundred, and raising the price of land in this kingdome. / By a Well wisher of the Common-wealth. Well wisher of the Common-wealth. 1641 (1641) Wing D512; Thomason E170_5; ESTC R9253 3,939 12

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decay_n of_o trade_n a_o treatise_n against_o the_o abate_n of_o interest_n or_o reason_n show_v the_o inconvenience_n which_o will_v ensue_v by_o the_o bring_n down_o of_o interest_n money_n to_o six_o or_o five_o in_o the_o hundred_o and_o raise_v the_o price_n of_o land_n in_o this_o kingdom_n by_o a_o well_o wisher_n of_o the_o commonwealth_n print_a at_o london_n for_o john_n sweeting_n 1641._o reason_n against_o the_o abate_v the_o rate_n of_o interest_n wherein_o first_o be_v show_v how_o that_o it_o be_v not_o necessary_a to_o the_o raise_n of_o the_o price_n of_o land_n for_o that_o beside_o the_o too_o much_o assistance_n of_o accidental_a cause_n foreign_a trade_n may_v by_o a_o more_o beneficial_a way_n effect_v the_o same_o the_o purchase_n and_o price_n of_o land_n in_o this_o kingdom_n do_v rise_v and_o fall_v by_o no_o other_o impoverish_v other_o the_o price_n of_o our_o land_n may_v be_v raise_v also_o by_o a_o great_a increase_n of_o our_o people_n &_o stranger_n which_o will_v cause_v the_o more_o consumption_n of_o foreign_a ware_n &_o a_o less_o exportation_n of_o our_o own_o whereby_o the_o kingdom_n will_v be_v soon_o impoverish_v way_n and_o mean_n for_o the_o common_a benefit_n then_o by_o the_o profit_n or_o loss_n which_o be_v make_v by_o the_o over_o or_o underballance_v of_o our_o trade_n our_o we_o have_v no_o treasure_n but_o by_o trade_n foreign_a trade_n that_o be_v to_o say_v when_o we_o bring_v in_o and_o consume_v yearly_a a_o less_o value_n in_o foreign_a ware_n than_o we_o export_v in_o our_o own_o commodity_n we_o may_v rest_v assure_v that_o the_o difference_n be_v bring_v in_o and_o do_v remain_v to_o we_o in_o so_o much_o treasure_n and_o contrariwise_o if_o we_o consume_v a_o great_a value_n in_o foreign_a ware_n than_o we_o do_v export_n of_o our_o own_o commodity_n then_o be_v our_o treasure_n exhaust_v to_o balance_v the_o account_n with_o stranger_n daily_o experience_n do_v also_o teach_v we_o that_o in_o those_o country_n where_o money_n be_v scarce_o there_o the_o land_n and_o native_a ware_n be_v place_n be_v ireland_n muscovia_n poland_n the_o east_n indies_n and_o many_o other_o place_n cheap_a so_o likewise_o where_o money_n do_v abound_v there_o the_o land_n and_o ware_n be_v etc._n be_v spain_n italy_n the_o low_a country_n etc._n etc._n dear_a and_o thus_o it_o appear_v that_o although_o this_o kingdom_n may_v be_v rich_a in_o itself_o yet_o it_o can_v be_v enrich_v but_o by_o we_o by_o our_o ware_n make_v we_o rich_a our_o treasure_n do_v enrich_v we_o trade_n only_o by_o add_v treasure_n to_o our_o ware_n which_o treasure_n be_v the_o price_n and_o measure_n of_o all_o our_o other_o mean_n both_o personal_a and_o real_a it_o do_v thereby_o enable_v many_o and_o multiply_v the_o number_n of_o purchaser_n which_o consequent_o do_v cause_v the_o seller_n of_o land_n to_o raise_v the_o price_n but_o if_o land_n be_v too_o much_o raise_v than_o the_o propriety_n of_o money_n or_o many_o of_o they_o will_v endeavour_v to_o deliver_v it_o for_o more_o profit_n at_o interest_n to_o supply_v the_o occasion_n of_o those_o who_o will_v employ_v it_o in_o foreign_a trade_n or_o otherwise_o which_o do_v increase_v his_o majesty_n custom_n and_o subject_n employment_n interest_n the_o ill_a consequence_n of_o the_o abatement_n of_o interest_n and_o if_o the_o rate_n of_o the_o interest_n be_v abate_v thereby_o to_o enforce_v the_o moneyed_a man_n to_o turn_v all_o their_o mean_n into_o land_n than_o many_o loss_n will_v present_o follow_v both_o to_o the_o king_n and_o his_o subject_n first_o if_o we_o take_v the_o business_n as_o it_o now_o stand_v in_o this_o kingdom_n there_o be_v many_o man_n who_o have_v great_a sum_n of_o ready_a money_n although_o they_o have_v neither_o skill_n nor_o orphan_n nor_o much_o money_n be_v put_v to_o interest_n by_o the_o gentry_n widow_n and_o orphan_n will_n to_o manage_v it_o in_o trade_n of_o merchandise_n except_o they_o shall_v do_v 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their_o fish_n in_o the_o english_a sea_n &_o other_o industry_n which_o here_o i_o omit_v little_a and_o very_a dear_a because_o their_o people_n be_v many_o and_o although_o the_o interest_n usual_o give_v in_o their_o country_n do_v yield_v they_o at_o least_o double_a the_o profit_n of_o their_o land_n yet_o they_o convey_v a_o great_a part_n of_o their_o money_n into_o other_o country_n where_o they_o find_v most_o gain_v and_o it_o be_v very_o probable_a that_o at_o least_o one_o three_o part_n of_o all_o the_o money_n which_o be_v deliver_v in_o london_n at_o interest_n appertain_v to_o the_o dutch_a who_o manage_v it_o here_o by_o their_o factor_n and_o if_o it_o be_v object_v that_o it_o be_v our_o prejudice_n to_o suffer_v stranger_n to_o carry_v away_o the_o profit_n of_o interest_n from_o his_o majesty_n subject_n the_o answer_n be_v that_o beside_o their_o freedom_n of_o commerce_n this_o loss_n by_o interest_n be_v repay_v with_o great_a advantage_n to_o his_o majesty_n in_o his_o custom_n and_o impost_n outward_a and_o inward_a by_o the_o increase_n of_o trade_n which_o add_v also_o unto_o the_o subject_n employment_n in_o ship_v and_o diverse_a other_o kind_n the_o merchant_n also_o who_o disbur_v the_o interest_n to_o the_o stranger_n do_v thereby_o reap_v a_o great_a benefit_n to_o himself_o in_o his_o trade_n which_o cause_v he_o to_o take_v up_o the_o money_n at_o interest_n all_o which_o gain_n may_v import_v about_o 40_o per_fw-la cent._n yearly_a now_o if_o the_o interest_n here_o be_v bring_v to_o a_o low_a rate_n than_o our_o trade_n will_v certain_o decline_v and_o the_o afore_o write_v profit_n to_o his_o majesty_n and_o his_o subject_n will_v be_v lose_v and_o land_n will_v fall_v in_o price_n for_o there_o be_v no_o doubt_n that_o not_o only_a stranger_n but_o also_o the_o english_a will_v convey_v their_o money_n and_o their_o plate_n also_o if_o it_o be_v coin_v into_o money_n into_o those_o etc._n those_o italy_n turkey_n spain_n the_o east_n indies_n ireland_n etc._n etc._n county_n where_o they_o can_v find_v great_a profit_n nor_o can_v any_o strict_a law_n prevent_v this_o evil_n if_o gain_n may_v be_v obtain_v and_o if_o it_o be_v yet_o further_o object_v that_o a_o low_a interest_n will_v give_v the_o merchant_n great_a encouragement_n to_o take_v up_o money_n to_o enlarge_v his_o trade_n the_o answer_n be_v already_o give_v that_o when_o the_o interest_n be_v low_a the_o merchant_n shall_v find_v little_a or_o no_o money_n to_o take_v up_o which_o will_v disaccomodate_v and_o perplex_v other_o also_o who_o be_v no_o trader_n and_o force_v they_o daily_o to_o sell_v land_n at_o fall_v at_o where_o money_n fail_v there_o land_n must_v fall_v low_a rate_n to_o supply_v their_o occasion_n unto_o which_o i_o add_v only_o that_o 2_o or_o 3_o per_fw-la cent._n abate_v in_o interest_n be_v far_o less_o considerable_a in_o the_o merchant_n gain_n than_o it_o will_v prove_v in_o the_o money_a man_n loss_n i_o 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labourer_n hire_v the_o cattle_n and_o all_o man_n expense_n be_v raise_v in_o proportion_n shall_v not_o the_o native_a commodity_n of_o this_o kingdom_n which_o serve_v for_o foreign_a trade_n as_o corn_n wool_n and_o the_o like_a together_o with_o their_o manufacture_n be_v proportionable_o raise_v italy_n be_v a_o rich_a country_n and_o very_o populous_a which_o make_v their_o land_n worth_n near_o thirty_o year_n purchase_n whereby_o also_o their_o corn_n victual_n cloth_n etc._n etc._n be_v sell_v at_o far_o great_a price_n than_o we_o pay_v here_o in_o england_n where_o land_n be_v much_o cheap_a and_o the_o people_n nothing_o near_o so_o many_o in_o proportion_n each_o country_n bigness_n due_o consider_v when_o our_o ware_n be_v thus_o make_v dear_a whether_o shall_v we_o carry_v they_o in_o what_o country_n shall_v we_o vent_v they_o when_o at_o the_o price_n they_o be_v already_o raise_v of_o late_a year_n we_o find_v that_o the_o merchant_n gain_n be_v so_o little_a that_o 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the_o vent_n of_o our_o cloth_n in_o turkey_n be_v increase_v about_o ten_o thousand_o clothes_n yearly_a but_o the_o reason_n why_o be_v worth_a our_o observation_n the_o venetian_n for_o a_o long_a time_n do_v serve_v constantinople_n and_o divers_a place_n in_o turkey_n with_o broad_a cloth_n until_o the_o english_a about_o 50_o year_n past_a enter_v into_o the_o trade_n in_o those_o part_n and_o be_v able_a to_o afford_v their_o cloth_n better_a cheap_a than_o the_o venetian_n they_o do_v in_o few_o year_n drive_v they_o total_o from_o that_o trade_n of_o cloth_n in_o turkey_n and_o thus_o we_o see_v by_o plain_a proof_n that_o cheap_a ware_n do_v increase_v trade_n and_o dear_a ware_n do_v not_o only_o cause_v their_o less_o consumption_n but_o also_o decline_v the_o merchant_n trade_n impoverish_v the_o kingdom_n of_o treasure_n lessen_v his_o majesty_n custom_n and_o impost_n and_o abate_v the_o manufacture_n and_o employment_n of_o the_o poor_a in_o ship_n clothing_n and_o the_o like_a which_o be_v matter_n very_o considerable_a to_o be_v well_o and_o due_o order_v for_o the_o good_a of_o the_o commonwealth_n finis_fw-la