may_v multiply_v people_n and_o the_o multiplication_n of_o people_n may_v cause_v a_o great_a fertility_n in_o that_o country_n so_o the_o abatement_n of_o interest_n cause_v a_o increase_n of_o wealth_n and_o the_o increase_n of_o wealth_n may_v cause_v a_o further_a abatement_n of_o interest_n since_o our_o first_o abatement_n trade_n discourse_v of_o trade_n of_o interest_n the_o riches_n and_o splendour_n of_o this_o kingdom_n be_v very_o much_o increase_v as_o appear_v from_o the_o new_a building_n fine_a furniture_n and_o number_n of_o coach_n from_o our_o ship_n and_o navigation_n from_o the_o improvement_n of_o our_o custom_n which_o do_v not_o proceed_v so_o much_o from_o the_o advancement_n of_o the_o rate_n of_o good_n as_o from_o the_o increase_n of_o the_o bulk_n of_o trade_n for_o though_o some_o foreign_a commodity_n and_o manufacture_n be_v advance_v yet_o other_o of_o our_o native_a commodity_n and_o manufacture_n be_v considerable_o abate_v in_o the_o book_n of_o 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question_v but_o the_o nobility_n and_o gentry_n have_v so_o great_a a_o share_n in_o parliament_n will_v in_o due_a time_n before_o it_o be_v too_o late_a reflect_v upon_o the_o great_a odds_o in_o the_o exchange_n and_o promote_v a_o law_n to_o regulate_v the_o balance_n such_o a_o law_n will_v certain_o prevent_v many_o noble_a manor_n and_o goodly_a farm_n from_o be_v so_o quick_o devour_v by_o tailor_n be_v and_o mercer_n bill_n for_o gentleman_n may_v then_o expend_v more_o pay_v better_o and_o run_v into_o debt_n less_o chap._n iii_o that_o it_o will_v improve_v rent_n or_o at_o least_o enable_v the_o farmer_n to_o pay_v his_o rent_n better_o that_o a_o abatement_n of_o interest_n will_v improve_v rent_n or_o at_o least_o enable_v the_o farmer_n to_o pay_v his_o rent_n better_o than_o he_o can_v whilst_o money_n be_v at_o 6_o per_fw-la cent._n it_o will_v raise_v the_o rent_n of_o some_o estate_n and_o keep_v up_o the_o rent_n of_o other_o for_o the_o farmer_n must_v make_v up_o 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be_v very_o low_a the_o crop_n will_v not_o pay_v the_o charge_n of_o plough_v sow_v reap_v thrash_a and_o carry_v to_o the_o market_n and_o when_o it_o be_v dear_a all_o farmer_n that_o lose_v by_o plenty_n be_v not_o so_o fortunate_a as_o to_o have_v a_o crop_n now_o if_o interest_n be_v at_o 4_o per_fw-la cent._n corn_n and_o wool_n in_o year_n of_o plenty_n will_v be_v buy_v and_o lay_v up_o to_o be_v sell_v in_o year_n of_o scarcity_n and_o by_o this_o mean_v the_o buy_n in_o year_n of_o plenty_n will_v keep_v the_o price_n from_o fall_v too_o low_o and_o the_o sell_n in_o year_n of_o scarcity_n will_v prevent_v it_o from_o rise_v too_o high_a whereby_o corn_n and_o wool_n will_v always_o be_v buy_v and_o sell_v at_o a_o moderate_a price_n and_o the_o farmer_n be_v stock_n and_o the_o rent_n of_o land_n will_v be_v more_o certain_a estate_n let_v in_o lease_n whether_o for_o life_n or_o year_n will_v be_v very_o much_o advance_v by_o low_a interest_n for_o the_o tenant_n be_v 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will_v very_o much_o encourage_v and_o promote_v building_n for_o house_n will_v be_v build_v cheaper_o and_o let_v dear_a that_o it_o will_v be_v a_o great_a invitation_n to_o improve_v land_n by_o good_a husbandry_n that_o it_o will_v multiply_v artificer_n and_o revive_v our_o die_a manufacture_n and_o put_v artisan_n upon_o seek_v out_o way_n of_o make_v such_o commodity_n as_o we_o daily_o spend_v and_o buy_v from_o foreign_a part_n though_o we_o be_v or_o may_v be_v accommodate_v with_o they_o at_o home_n but_o so_o many_o ingenious_a piece_n be_v in_o print_n which_o the_o reader_n may_v every_o where_o be_v furnish_v with_o that_o it_o will_v be_v a_o needless_a repetition_n
be_v anticipate_v upon_o a_o borrow_a clause_n shall_v soon_o be_v bring_v in_o and_o that_o will_v be_v of_o great_a use_n to_o the_o nation_n so_o that_o what_o be_v here_o urge_v against_o lessen_v use_n be_v when_o well_o weigh_v a_o very_a strong_a reason_n for_o it_o but_o what_o if_o money_n shall_v flow_v in_o will_v it_o not_o find_v a_o way_n out_o have_v we_o any_o ground_n to_o fear_n it_o will_v be_v lock_v up_o there_o i_o be_o sure_a there_o be_v no_o such_o danger_n in_o time_n of_o peace_n and_o much_o less_o during_o a_o chargeable_a war._n object_n 7._o that_o widow_n and_o orphan_n will_v suffer_v much_o by_o a_o abatement_n of_o interest_n those_o who_o have_v sixty_o pound_v a_o year_n for_o a_o 1000_o l._n will_v then_o have_v but_o forty_o answ_n i_o answer_v thus_o this_o will_v not_o be_v a_o general_a prejudice_n because_o they_o be_v few_o in_o number_n in_o respect_n of_o the_o whole_a nation_n for_o they_o be_v scarce_o one_o to_o twenty_o of_o the_o whole_a people_n and_o of_o those_o not_o one_o in_o forty_o will_v suffer_v by_o a_o abatement_n of_o interest_n for_o these_o reason_n many_o of_o they_o have_v land_n or_o annuity_n and_o such_o person_n may_v gain_v more_o by_o the_o rise_n of_o land_n than_o they_o will_v lose_v by_o the_o fall_n of_o use-money_n many_o executor_n allow_v orphan_n no_o interest_n and_o yet_o justify_v themselves_o by_o law_n to_o such_o orphan_n it_o will_v be_v no_o damage_n to_o lessen_v the_o legal_a rate_n of_o interest_n their_o portion_n will_v be_v of_o the_o same_o esteem_n and_o of_o the_o same_o value_n to_o buy_v every_o thing_n except_o land_n and_o they_o be_v never_o give_v they_o with_o that_o intent_n for_o than_o their_o parent_n may_v as_o well_o have_v give_v they_o land_n so_o that_o it_o be_v only_o the_o income_n of_o their_o portion_n that_o will_v be_v lessen_v and_o that_o but_o for_o a_o short_a time_n till_o the_o young_a man_n set_v up_o their_o trade_n or_o till_o the_o maiden_n or_o widow_n marry_v but_o how_o severe_a soever_o the_o lower_a of_o interest_n from_o six_o to_o four_o in_o the_o hundred_o may_v be_v to_o widow_n orphan_n or_o young_a brother_n yet_o they_o will_v have_v as_o much_o rent_n for_o their_o money_n as_o the_o gentry_n and_o their_o elder_a brother_n have_v for_o their_o land_n for_o the_o land_n of_o england_n do_v not_o yield_v four_o in_o the_o hundred_o after_o interest_n be_v reduce_v to_o four_o in_o the_o hunnred_n many_o will_v leave_v their_o child_n annuity_n or_o estate_n run_v in_o trade_n as_o they_o do_v in_o holland_n and_o italy_n whereby_o the_o abatement_n of_o interest_n will_v become_v profitable_a not_o prejudicial_a to_o they_o and_o advantageous_a to_o the_o whole_a nation_n by_o enlarge_a trade_n object_n 8._o that_o gentleman_n must_v give_v more_o with_o their_o daughter_n for_o portion_n by_o which_o mean_v a_o great_a part_n of_o the_o inheritance_n of_o such_o gentleman_n estate_n will_v be_v lessen_v and_o more_o encumber_v answ_n this_o objection_n be_v found_v upon_o a_o supposition_n that_o the_o value_n of_o the_o principal_a money_n be_v sink_v and_o therefore_o they_o must_v give_v great_a portion_n but_o that_o be_v a_o mistake_n for_o 1000_o l._n will_v be_v as_o much_o value_v by_o a_o tradesman_n as_o it_o be_v now_o it_o will_v buy_v as_o much_o good_n of_o some_o sort_n more_o after_o usury_n be_v abate_v as_o it_o will_v now_o foreign_a stock_n or_o ware_n may_v be_v sell_v 2_o l._n per_fw-la cent._n cheap_a than_o now_o they_o can_v be_v afford_v for_o and_o the_o great_a part_n of_o the_o lady_n expense_n be_v in_o foreign_a ware_n so_o that_o they_o may_v then_o maintain_v themselves_o almost_o as_o well_o with_o forty_o pound_n a_o year_n as_o they_o can_v now_o with_o threescore_o but_o if_o large_a portion_n shall_v be_v requisite_a the_o gentleman_n will_v be_v better_a able_a to_o raise_v they_o for_o his_o rent_n will_v be_v better_o pay_v and_o his_o land_n will_v sell_v for_o a_o three_o part_n more_o so_o that_o his_o estate_n will_v be_v less_o encumber_v than_o before_o object_n 9_o other_o object_n that_o a_o abatement_n of_o interest_n by_o a_o law_n be_v not_o practicable_a nor_o will_v it_o be_v conducive_a to_o the_o end_n aim_v at_o though_o they_o confess_v a_o low_a interest_n do_v most_o encourage_v trade_n and_o advance_v land_n answ_n some_o man_n fancy_n that_o such_o a_o law_n will_v be_v only_o advantageous_a to_o scrivener_n who_o will_v have_v more_o for_o procuration_n and_o continuation_n if_o this_o shall_v happen_v though_o i_o see_v no_o reason_n for_o it_o the_o borrower_n may_v afford_v to_o give_v more_o to_o the_o scrivener_n when_o he_o pay_v less_o to_o the_o usurer_n interest_n have_v be_v abate_v twice_o in_o england_n by_o act_n of_o parliament_n within_o the_o space_n of_o fifty_o year_n with_o very_o good_a success_n and_o great_a advantage_n to_o the_o kingdom_n and_o what_o shall_v hinder_v its_o effect_n now_o more_o than_o former_o if_o a_o law_n will_v not_o do_v it_o why_o do_v the_o usurer_n always_o oppose_v the_o pass_n of_o a_o act_n to_o that_o purpose_n the_o true_a reason_n seem_v to_o be_v because_o they_o be_v wise_a enough_o to_o know_v that_o a_o law_n will_v certain_o do_v it_o as_o it_o have_v do_v already_o though_o they_o will_v persuade_v other_o to_o the_o contrary_n octject_n 10._o many_o assert_v that_o low_a interest_n be_v not_o the_o cause_n but_o the_o effect_n of_o riches_n or_o otherwise_o say_v they_o why_o be_v not_o all_o country_n rich_a they_o have_v it_o in_o their_o power_n to_o make_v themselves_o so_o by_o a_o low-stated_n interest_n by_o law_n answ_n that_o low_a interest_n be_v the_o cause_n of_o riches_n i_o appeal_v to_o the_o judgement_n of_o the_o parliament_n in_o the_o 21_o jac._n and_o of_o that_o in_o the_o 12_o car._n 2._o who_o ascribe_v the_o decay_n of_o trade_n the_o fall_n of_o rent_n the_o discouragement_n of_o all_o improvement_n and_o good_a husbandry_n to_o the_o height_n of_o interest_n and_o those_o wise_a consideration_n do_v induce_v they_o to_o pass_v two_o act_n as_o may_v be_v see_v by_o the_o preamble_n to_o the_o act_n reduce_v usury_n from_o ten_o to_o eight_o and_o from_o eight_o to_o six_o in_o the_o hundred_o the_o authority_n of_o so_o many_o wise_a and_o worthy_a patriot_n and_o the_o visible_a usefulness_n of_o those_o act_n confirm_v by_o seventy_o year_n experience_n be_v i_o doubt_v not_o of_o so_o great_a weight_n that_o no_o man_n without_o immodesty_n can_v deny_v that_o low_a interest_n be_v the_o cause_n of_o riches_n vide_fw-la p._n 31._o to_o p._n 39_o object_n 11._o last_o some_o allege_v that_o all_o the_o reason_n urge_v for_o reduce_v interest_n to_o four_o in_o the_o hundred_o will_v hold_v as_o strong_o against_o all_o usury_n answ_n to_o this_o i_o answer_v no_o for_o many_o improvement_n be_v make_v with_o borrow_a money_n and_o several_a considerable_a trade_n be_v carry_v on_o with_o loan_n which_o will_v fall_v or_o decay_n unless_o money_n can_v be_v have_v ready_o and_o free_o it_o be_v true_a if_o moneyed_a man_n will_v lend_v their_o money_n free_o and_o gratis_o upon_o all_o occasion_n then_o doubtless_o trade_n will_v flourish_v most_o and_o land_n be_v advance_v to_o its_o high_a value_n but_o since_o the_o usurer_n be_v not_o so_o public-spirited_a it_o be_v necessary_a that_o a_o moderate_a interest_n shall_v be_v allow_v to_o invite_v he_o to_o part_v with_o his_o money_n frank_o but_o why_o so_o great_a as_o to_o discourage_v trade_n and_o whole_o to_o depress_v land_n nay_o to_o exceed_v the_o rent_n of_o it_o i_o see_v no_o occasion_n my_o lord_n bacon_n in_o his_o time_n in_o his_o essay_n upon_o usury_n think_v it_o expedient_a that_o use_v shall_v be_v bring_v to_o 5_o l._n in_o the_o hundred_o and_o high_o reasonable_a that_o the_o rent_n of_o land_n shall_v always_o exceed_v the_o interest_n of_o money_n and_o i_o be_o sure_a at_o four_o in_o the_o hundred_o it_o will_v not_o do_v that_o i_o have_v now_o go_v through_o all_o the_o objection_n of_o moment_n that_o ever_o i_o can_v find_v in_o print_n or_o meet_v with_o in_o conversation_n i_o have_v answer_v every_o one_o of_o they_o distinct_o with_o as_o much_o brevity_n and_o perspicuity_n as_o possible_o i_o can_v if_o through_o inadvertency_n i_o have_v omit_v any_o i_o ask_v the_o reader_n be_v pardon_n how_o many_o more_o objection_n soever_o may_v occur_v this_o short_a answer_n will_v serve_v for_o all_o we_o have_v often_o and_o continual_o feel_v the_o good_a effect_n of_o a_o abatement_n of_o interest_n and_o therefore_o we_o may_v reasonable_o expect_v the_o like_a advantage_n the_o objection_n be_v the_o same_o then_o as_o now_o and_o can_v have_v no_o great_a force_n nor_o be_v of_o worse_a consequence_n i_o wish_v what_o be_v say_v may_v give_v satisfaction_n if_o it_o do_v not_o i_o hope_v this_o subject_a which_o be_v of_o so_o general_a concernment_n and_o public_a use_n to_o the_o whole_a nation_n will_v be_v better_o handle_v by_o a_o more_o acceptable_a and_o successful_a pen._n the_o conclusion_n the_o raise_v the_o value_n of_o land_n at_o this_o time_n seem_v most_o necessary_a the_o nation_n be_v engage_v in_o such_o a_o chargeable_a war_n for_o the_o land_n be_v the_o fund_z that_o ever_o have_v maintain_v and_o must_v still_o support_v and_o preserve_v the_o government_n have_v not_o all_o our_o late_a tax_n be_v raise_v upon_o land_n excise_n custom_n upon_o home-commodity_n which_o duty_n arise_v from_o the_o product_n of_o land_n or_o imposition_n upon_o foreign_a good_n the_o last_o of_o which_o do_v though_o not_o so_o immediate_o fall_v upon_o land_n for_o the_o gentry_n and_o consumer_n of_o foreign_a ware_n must_v pay_v at_o least_o so_o much_o dear_a as_o the_o duty_n amount_v to_o if_o the_o charge_n of_o our_o government_n and_o defence_n shall_v increase_v as_o they_o have_v late_o and_o i_o be_o afraid_a must_v still_o the_o power_n of_o france_n be_v so_o formidable_a and_o shall_v their_o majesty_n custom_n decline_v as_o they_o must_v unless_o we_o have_v a_o free_a and_o uninterrupted_a trade_n at_o sea_n than_o i_o will_v glad_o be_v inform_v from_o any_o projector_n how_o this_o happy_a settlement_n can_v be_v keep_v up_o or_o the_o french_a keep_v out_o without_o a_o general_n excise_n or_o a_o extraordinary_a great_a and_o last_a land-tax_n money_n must_v be_v grant_v in_o proportion_n to_o future_a exigency_n how_o great_a soever_o they_o may_v be_v there_o be_v no_o true_a englishman_n but_o will_v cheerful_o give_v his_o money_n when_o life_n fortune_n and_o family_n be_v at_o stake_n i_o need_v not_o remind_v any_o gentleman_n how_o rent_n fall_v and_o tenant_n break_v though_o very_o honest_a and_o industrious_a but_o one_o thing_n i_o desire_v all_o gentleman_n especial_o such_o who_o have_v no_o place_n to_o consider_v serious_o in_o what_o manner_n after_o what_o poor_a fashion_n they_o must_v live_v if_o but_o half_a of_o their_o estate_n be_v throw_v into_o their_o own_o hand_n i_o doubt_v they_o will_v find_v it_o very_o difficult_a to_o stock_n that_o half_a and_o when_o tax_n and_o all_o other_o charge_n be_v pay_v and_o the_o usual_a deduction_n make_v not_o to_o reckon_v casualty_n i_o fear_v they_o will_v see_v very_o little_a money_n nothing_o but_o a_o abatement_n of_o interest_n can_v effectual_o reach_v the_o usurer_n who_o must_v otherwise_o grow_v rich_a in_o time_n of_o war_n whilst_o other_o labour_v under_o heavy_a pressure_n in_o a_o word_n no_o law_n can_v be_v of_o great_a advantage_n to_o the_o nation_n than_o a_o act_n to_o reduce_v interest_n to_o 4_o l._n per_fw-la cent._n it_o will_v produce_v the_o most_o general_a good_a with_o the_o least_o private_a disadvantage_n it_o will_v give_v great_a satisfaction_n to_o the_o whole_a kingdom_n it_o will_v make_v a_o abundant_a recompensation_n for_o the_o great_a tax_n and_o heavy_a imposition_n which_o the_o necessity_n of_o public_a affair_n have_v require_v the_o parliament_n to_o lay_v upon_o the_o people_n and_o it_o will_v enable_v the_o landed-man_n to_o bear_v exceed_v tax_n with_o great_a ease_n and_o cheerfulness_n no_o consideration_n whatsoever_o have_v induce_v i_o to_o expose_v these_o line_n to_o public_a view_n and_o censure_n but_o the_o deep_a sense_n i_o have_v of_o the_o free-holder_n and_o farmer_n be_v poverty_n the_o visible_a decay_n of_o trade_n the_o prospect_n of_o the_o pitiful_a condition_n of_o the_o ancient_a nobility_n and_o gentry_n who_o have_v not_o be_v bring_v up_o to_o husbandry_n if_o once_o their_o whole_a estate_n shall_v be_v untenanted_a nothing_o else_o have_v bring_v this_o treatise_n forth_o therefore_o i_o hope_v if_o i_o be_v mistake_v in_o the_o remedy_n propound_v the_o candid_a and_o ingenuous_a reader_n will_v easy_o forgive_v i_o and_o acquaint_v the_o world_n with_o a_o more_o speedy_a and_o effectual_a way_n to_o raise_v the_o value_n of_o land_n and_o increase_v trade_n finis_fw-la
reason_n for_o the_o abatement_n of_o interest_n to_o four_o in_o the_o hundred_o and_o the_o objection_n against_o it_o fair_o state_v and_o brief_o and_o full_o answer_v by_o e._n h._n london_n print_v for_o daniel_n brown_n and_o matt._n gillyflower_n at_o the_o bible_n without_o temple-bar_n and_o at_o the_o spread-eagle_n in_o westminster-hall_n 1692._o the_o content_n of_o the_o follow_a discourse_n be_v these_o viz._n chap._n 1._o the_o chief_a advantage_n propound_v by_o bring_v down_o interest_n from_o six_o to_o four_o per_fw-la cent._n per_fw-la annum_fw-la be_v 1._o that_o it_o will_v increase_v trade_n p._n 1._o chap._n 2._o the_o abatement_n of_o interest_n will_v raise_v the_o value_n of_o land_n p._n 25_o chap._n 3._o that_o it_o will_v improve_v rent_n or_o at_o least_o enable_v the_o farmer_n to_o pay_v his_o rent_n better_o p._n 30_o chap._n 4._o the_o objection_n against_o the_o abatement_n of_o interest_n fair_o state_v and_o clear_o answer_v p._n 38._o reason_n for_o the_o abatement_n of_o interest_n etc._n etc._n chap._n i._n the_o chief_a advantage_n propound_v by_o bring_v down_o interest_n from_o six_o to_o four_o per_fw-la cent._n per_fw-la annum_fw-la be_v 1._o that_o it_o will_v increase_v trade_n before_o i_o endeavour_v to_o prove_v that_o a_o abatement_n of_o interest_n to_o four_o in_o the_o hundred_o will_v be_v very_o beneficial_a to_o the_o nation_n or_o go_v about_o to_o answer_v the_o objection_n which_o be_v common_o make_v against_o it_o i_o think_v it_o not_o amiss_o to_o premise_v that_o i_o will_v not_o undertake_v to_o evince_v that_o only_o the_o lower_a of_o interest_n will_v at_o any_o time_n force_v a_o trade_n though_o it_o lie_v under_o never_o so_o many_o obstruction_n or_o restraint_n no_o that_o sure_o will_v not_o be_v expect_v nor_o can_v it_o be_v reasonable_o imagine_v that_o the_o bare_a lessen_v of_o use_n can_v make_v we_o drive_v a_o great_a trade_n in_o time_n of_o war_n than_o we_o have_v in_o time_n of_o peace_n though_o interest_n be_v at_o 6_o per_fw-la cent._n i_o hope_v it_o will_v be_v sufficient_a to_o induce_v gentleman_n to_o promote_v a_o bill_n to_o low_a interest_n if_o it_o can_v be_v prove_v that_o when_o trade_n be_v open_a it_o shall_v be_v great_a when_o interest_n be_v low_a than_o it_o can_v be_v when_o interest_n be_v high_a if_o it_o can_v be_v prove_v that_o even_o a_o restrain_a trade_n shall_v be_v great_a with_o a_o low_a interest_n than_o it_o can_v be_v with_o a_o high_a if_o i_o can_v make_v it_o appear_v that_o land_n in_o time_n of_o war_n as_o well_o as_o peace_n will_v sell_v for_o more_o if_o interest_n be_v at_o four_o than_o it_o will_v if_o it_o be_v at_o six_o per._n cent._n this_o i_o doubt_v not_o will_v be_v sufficient_a to_o convince_v the_o reader_n that_o the_o lower_a of_o interest_n to_o four_o in_o the_o hundred_o will_v be_v very_o advantageous_a to_o the_o nation_n i_o will_v not_o take_v up_o the_o reader_n be_v time_n with_o a_o long_a introduction_n but_o will_v begin_v with_o the_o first_o benefit_n propound_v to_o be_v discuss_v viz._n that_o the_o lessen_v of_o interest_n to_o four_o in_o the_o hundred_o will_v encourage_v and_o promote_v trade_n only_o give_v i_o leave_v here_o to_o prefix_v the_o preamble_n of_o a_o act_n of_o parliament_n make_v in_o the_o twenty_o first_o year_n of_o jac._n 1._o cap._n 17._o and_o another_o make_v in_o the_o 12_o car._n 2._o cap._n 13._o whereas_o at_o this_o time_n 17._o 21_o jac._n 1._o cap._n 17._o there_o be_v a_o very_a great_a abatement_n in_o the_o value_n of_o land_n and_o other_o the_o merchandize_n ware_n and_o commodity_n of_o this_o kingdom_n both_o at_o home_n and_o also_o in_o foreign_a part_n whither_o they_o be_v transport_v 2._o and_o whereas_o divers_a the_o subject_n of_o this_o kingdom_n as_o well_o the_o gentry_n as_o merchant_n farmer_n and_o tradesman_n both_o for_o their_o urgent_a and_o necessary_a occasion_n for_o the_o follow_v their_o trade_n maintenance_n of_o their_o stock_n and_o employment_n have_v borrow_a and_o do_v borrow_v divers_a sum_n of_o money_n wares_n merchandises_n and_o other_o commodity_n 3._o but_o by_o reason_n of_o the_o say_v general_a fall_n and_o abatement_n of_o the_o value_n of_o land_n and_o the_o price_n of_o the_o say_a merchandise_n ware_n and_o commodity_n and_o interest_n in_o loan_n continue_v at_o so_o high_a a_o rate_n as_o ten_o pound_n in_o the_o hundred_o pound_n for_o a_o year_n do_v not_o only_o make_v man_n unable_a to_o pay_v their_o debt_n and_o continue_v the_o maintenance_n of_o trade_n but_o their_o debt_n daily_o increase_v they_o be_v enforce_v to_o sell_v their_o land_n and_o stock_n at_o very_o low_a rate_n to_o forsake_v the_o use_n of_o merchandise_n and_o trade_n and_o to_o give_v over_o their_o lease_n and_o farm_n and_o so_o become_v unprofitable_a member_n of_o the_o commonwealth_n to_o the_o great_a hurt_n and_o hindrance_n of_o the_o same_o be_v it_o therefore_o etc._n etc._n forasmuch_o as_o the_o abatement_n 13._o 12_o car._n 2._o cap._n 13._o of_o interest_n from_o ten_o in_o the_o hundred_o in_o former_a time_n have_v be_v find_v by_o notable_a experience_n beneficial_a to_o the_o advancement_n of_o trade_n and_o improvement_n of_o land_n by_o good_a husbandry_n with_o many_o other_o considerable_a advantage_n to_o this_o nation_n especial_o the_o reduce_v it_o to_o a_o near_a proportion_n with_o foreign_a state_n with_o who_o we_o traffic_n 2._o and_o whereas_o in_o fresh_a memory_n the_o like_a fall_n from_o eight_o to_o six_o in_o the_o hundred_o by_o a_o late_a constant_a practice_n have_v find_v the_o like_a success_n to_o the_o general_a contentment_n of_o this_o nation_n as_o be_v visible_a by_o several_a improvement_n 3._o and_o whereas_o it_o be_v the_o endeavour_n of_o some_o at_o present_a to_o reduce_v it_o back_o again_o in_o practice_n to_o the_o allowance_n of_o the_o statute_n still_o in_o force_n to_o eight_o in_o the_o hundred_o to_o the_o great_a discouragement_n of_o ingenuity_n and_o industry_n in_o the_o husbandry_n trade_n and_o commerce_n of_o this_o nation_n be_v it_o therefore_o etc._n etc._n that_o a_o abatement_n of_o interest_n to_o four_o in_o the_o hundred_o will_v increase_v trade_n i_o shall_v prove_v by_o these_o follow_a argument_n all_o merchant_n that_o trade_n n._n b._n m._n d._n in_o his_o disc_n of_o trade_n trade_n in_o the_o same_o sort_n of_o good_n to_o the_o same_o port_n shall_v trade_n by_o the_o same_o interest_n or_o else_o the_o gain_n can_v be_v equal_a interest_n be_v the_o rule_n of_o buy_v and_o sell_v and_o be_v high_o in_o england_n than_o in_o holland_n the_o english_a merchant_n trade_n with_o a_o disadvantage_n because_o the_o dutch_a merchant_n can_v afford_v to_o give_v more_o to_o buy_v dear_a and_o sell_v cheap_a than_o the_o english_a can_v and_o yet_o shall_v gain_v more_o the_o dutch_a can_v sell_v a_o hundred_o pound_n worth_n of_o good_n for_o 103_o l._n and_o the_o english_a must_v sell_v the_o same_o sort_n and_o quantity_n for_o 106_o l._n to_o make_v the_o same_o account_n of_o the_o principal_a and_o interest_n the_o dutch_a may_v give_v 1_o per_fw-la cent._n more_o for_o the_o same_o quantity_n of_o the_o same_o sort_n of_o good_n as_o the_o english_a deal_n in_o and_o sell_v for_o 1_o l._n per_fw-la cent._n less_o than_o they_o and_o yet_o shall_v gain_v 1_o per_fw-la cent._n as_o for_o instance_n the_o dutch_a may_v give_v 101_o l._n for_o the_o same_o quantity_n of_o good_n which_o i_o suppose_v the_o english_a to_o buy_v at_o 100_o l._n may_v sell_v these_o at_o 105_o l._n and_o will_v gain_v 1_o per_fw-la cent._n whereas_o the_o english_a if_o they_o sell_v at_o 106_o l._n shall_v gain_v nothing_o when_o we_o have_v almost_o the_o ibid._n ibid._n sole_a trade_n of_o spain_n and_o the_o sole_a sell_v of_o cloth_n into_o turkey_n and_o several_a other_o place_n the_o difference_n of_o interest_n be_v then_o not_o so_o considerable_a a_o prejudice_n to_o trade_n though_o interest_n be_v then_o in_o england_n at_o 8_o per_fw-la cent._n because_o whosoever_o have_v the_o sole_a trade_n to_o any_o place_n may_v set_v what_o price_n he_o please_v upon_o his_o good_n but_o now_o trade_n be_v disperse_v the_o same_o sort_n of_o manufacture_n be_v make_v in_o several_a country_n the_o dutch_a and_o english_a trade_n in_o the_o same_o sort_n of_o good_n to_o the_o same_o foreign_a part_n and_o therefore_o they_o ought_v to_o deal_v by_o the_o same_o interest_n which_o be_v the_o measure_n of_o trade_n or_o else_o the_o dutch_a may_v undersell_n we_o and_o so_o must_v beat_v we_o out_o of_o our_o trade_n by_o this_o difference_n of_o interest_n ibid_fw-la ibid_fw-la holland_n be_v become_v the_o great_a magazine_n and_o storehouse_n for_o all_o sort_n of_o good_n
for_o they_o may_v be_v lay_v up_o cheap_a there_o than_o here_o it_o be_v impossible_a for_o the_o ibid._n ibid._n merchant_n when_o he_o have_v buy_v his_o good_n to_o know_v what_o he_o shall_v sell_v they_o for_o the_o value_n of_o they_o depend_v upon_o the_o difference_n betwixt_o the_o occasion_n and_o the_o quantity_n though_o that_o be_v the_o chief_a of_o the_o merchant_n care_n to_o observe_v yet_o it_o depend_v upon_o so_o many_o circumstance_n that_o it_o be_v impossible_a to_o know_v it_o therefore_o if_o the_o plenty_n of_o the_o good_n have_v bring_v down_o the_o price_n the_o merchant_n lay_v they_o up_o till_o the_o quantity_n be_v consume_v and_o the_o price_n rise_v but_o the_o english_a merchant_n can_v lay_v up_o he_o but_o with_o disadvantage_n for_o by_o that_o time_n the_o price_n be_v rise_v so_o as_o to_o pay_v charge_n and_o interest_n at_o 6_o per_fw-la cent._n the_o same_o good_n be_v send_v for_o from_o holland_n and_o bring_v down_o the_o price_n for_o they_o be_v lay_v up_o there_o at_o 3_o per_fw-la cent._n and_o can_v therefore_o be_v sell_v cheaper_o for_o want_v of_o consider_v ibid._n ibid._n this_o in_o england_n many_o a_o english_a merchant_n have_v be_v undo_v for_o though_o by_o observe_v the_o bill_n of_o lade_n he_o be_v able_a to_o make_v some_o guess_n of_o the_o stock_n import_v here_o and_o therefore_o have_v keep_v his_o good_n by_o he_o for_o a_o rise_v yet_o not_o know_v what_o stock_n there_o be_v in_o holland_n have_v not_o be_v able_a to_o sell_v his_o good_n to_o profit_n the_o same_o sort_n of_o good_n be_v bring_v from_o thence_o before_o the_o price_n rise_v high_a enough_o to_o pay_v ware-house-room_n and_o interest_n so_o that_o now_o the_o great_a part_n of_o the_o english_a trade_n be_v drive_v by_o a_o quick_a return_n every_o day_n buy_v and_o sell_v according_a to_o a_o bill_n of_o rate_n every_o day_n print_v by_o this_o mean_v the_o english_a trade_n be_v narrow_v and_o confine_v the_o king_n lose_v the_o revenue_n of_o importation_n and_o exportation_n which_o he_o will_v have_v if_o england_n be_v the_o magazine_n of_o europe_n and_o the_o nation_n lose_v the_o profit_n which_o will_v arise_v from_o the_o hand_n employ_v in_o freight_n and_o ship_n high_a interest_n decay_v trade_n sore_o where_o the_o advantage_n from_o usury_n be_v great_a than_o the_o profit_n from_o trade_n there_o the_o rich_a merchant_n give_v over_o and_o put_v out_o their_o stock_n to_o usury_n and_o the_o poor_a merchant_n and_o other_o who_o carry_v on_o a_o trade_n with_o borrow_a money_n must_v break_v nay_o further_o whilst_o interest_n be_v at_o six_o per_fw-la cent._n few_o will_v run_v the_o hazard_n at_o sea_n even_o in_o time_n of_o peace_n for_o their_o gain_n of_o eight_o or_o nine_o per_fw-la cent._n and_o how_o then_o can_v we_o expect_v any_o foreign_a trade_n in_o time_n of_o war_n when_o interest_n be_v at_o ten_o in_o the_o hundred_o no_o wise_a man_n will_v follow_v any_o trade_n whereby_o he_o can_v not_o promise_v himself_o fourteen_o or_o twelve_o per_fw-la cent._n gain_n at_o least_o now_o interest_n go_v at_o six_o per_fw-la cent._n the_o hope_n of_o nine_o or_o at_o least_o eight_o be_v necessary_a the_o infallible_a consequence_n whereof_o be_v that_o all_o trade_n that_o will_v not_o afford_v a_o clear_a profit_n of_o nine_o or_o at_o least_o eight_o per_fw-la cent._n we_o must_v neglect_v and_o give_v away_o to_o such_o who_o can_v trade_n for_o less_o gain_n and_o must_v do_v so_o for_o ever_o unless_o we_o bring_v our_o interest_n to_o a_o near_a proportion_n with_o our_o neighbour_n abatement_n of_o interest_n will_v multiply_v trader_n as_o well_o in_o england_n as_o it_o have_v do_v in_o holland_n already_o to_o such_o a_o degree_n that_o almost_o all_o their_o people_n of_o both_o sex_n be_v trader_n and_o the_o many_o trader_n will_v oblige_v the_o merchant_n to_o sell_v for_o less_o profit_n by_o which_o mean_v the_o bulk_n of_o trade_n will_v be_v increase_v which_o will_v be_v no_o disadvantage_n to_o the_o nation_n though_o private_a man_n shall_v gain_v less_o and_o this_o be_v the_o true_a reason_n why_o many_o considerable_a merchant_n who_o continue_v on_o their_o trade_n be_v against_o the_o lessen_v of_o interest_n if_o interest_n be_v abate_v to_o four_o in_o the_o hundred_o who_o will_v not_o that_o can_v leave_v his_o child_n a_o estate_n of_o a_o thousand_o or_o two_o thousand_o pound_n bring_v they_o up_o to_o arithmetic_n merchant_n account_n and_o put_v they_o out_o to_o trade_n well_o know_v that_o the_o bare_a use_n of_o their_o money_n or_o the_o product_n of_o it_o in_o land_n will_v scarce_o maintain_v they_o two_o per_fw-la cent._n extraordinary_a in_o interest_n be_v a_o heavy_a burden_n upon_o the_o merchant_n than_o four_o per_fw-la cent._n extraordinary_a in_o custom_n because_o custom_n run_v only_o upon_o good_n import_v or_o export_v and_o that_o but_o once_o whereas_o use_n fall_v as_o well_o upon_o ship_n as_o good_n and_o must_v be_v yearly_o pay_v on_o both_o and_o the_o ship_n in_o many_o bulky_a trade_n be_v of_o four_o time_n the_o value_n of_o the_o good_n a_o anonymous_n author_n in_o his_o discourse_n of_o trade_n pag._n 10._o say_v that_o the_o trade_n of_o england_n be_v inconsiderable_a and_o the_o merchant_n very_o mean_a and_o few_o when_o interest_n be_v at_o 10_o per_fw-la cent._n and_o that_o within_o ten_o year_n after_o interest_n be_v bring_v down_o to_o eight_o in_o the_o hundred_o viz._n an._n 1635._o there_o be_v more_o merchant_n to_o be_v find_v worth_a each_o 1000_o l._n and_o upward_o than_o can_v be_v find_v before_o the_o year_n 1600_o worth_a 100_o l._n each_o and_o now_o since_o interest_n have_v be_v at_o 6_o per_fw-la cent._n there_o be_v more_o to_o be_v find_v upon_o the_o exchange_n worth_a 10000_o l._n than_o be_v then_o to_o be_v meet_v with_o worth_n 1000_o l._n the_o increase_n of_o our_o trade_n have_v always_o follow_v not_o precede_v the_o abatement_n of_o use_n by_o law_n if_o this_o be_v doubt_v ask_v the_o trade_n discourse_v of_o trade_n age_a and_o they_o will_v tell_v you_o that_o 500_o l._n with_o a_o daughter_n sixty_o year_n ago_o be_v esteem_v a_o large_a portion_n than_o 2000_o l._n now_o gentlewoman_n in_o those_o day_n will_v think_v themselves_o well_o dress_v in_o a_o serge_n gown_n which_o a_o chambermaid_n now_o will_v be_v ashamed_a to_o be_v see_v in_o the_o citizen_n now_o be_v rich_a in_o clothes_n household-good_n plate_n jewel_n than_o the_o rich_a nobility_n and_o gentry_n be_v then_o where_o interest_n be_v high_a the_o people_n be_v poor_a and_o money_n scarce_o as_o for_o instance_n in_o spain_n scotland_n and_o ireland_n where_o money_n late_o be_v and_o for_o what_o i_o know_v still_o be_v at_o 10_o and_o 12_o per_fw-la cent._n the_o inhabitant_n be_v poor_a ill_o feed_v and_o mean_o clad_v though_o ireland_n and_o spain_n be_v very_o fruitful_a country_n and_o to_o the_o last_o all_o the_o gold_n and_o silver_n of_o the_o indies_n be_v bring_v i_o come_v now_o to_o decide_v a_o question_n often_o start_v in_o this_o controversy_n viz._n whether_o the_o lowness_n of_o interest_n be_v the_o cause_n or_o the_o effect_n of_o riches_n many_o who_o write_v against_o the_o abatement_n of_o interest_n do_v assert_v that_o it_o be_v not_o the_o cause_n but_o the_o effect_n of_o riches_n in_o answer_n to_o this_o lest_o what_o have_v be_v say_v upon_o this_o subject_a shall_v not_o full_o satisfy_v the_o curiosity_n of_o the_o reader_n i_o will_v here_o add_v something_o more_o first_o i_o presume_v this_o postulatum_fw-la will_v be_v grant_v that_o trade_n do_v employ_v the_o poor_a do_v multiply_v home-artificer_n do_v fill_v the_o nation_n with_o people_n do_v carry_v out_o the_o product_n of_o our_o land_n do_v bring_v in_o money_n all_o which_o be_v the_o cause_n of_o riches_n this_o be_v grant_v i_o will_v not_o be_v so_o disingenuous_a as_o to_o affirm_v that_o riches_n will_v not_o bring_v interest_n down_o but_o what_o can_v be_v infer_v from_o thence_o that_o a_o low_a interest_n can_v be_v the_o cause_n of_o riches_n no_o certain_o that_o inference_n can_v never_o be_v make_v for_o if_o trade_n be_v that_o which_o enrich_v a_o nation_n and_o if_o the_o lower_a of_o interest_n advance_v trade_n which_o i_o hope_v be_v before_o sufficient_o prove_v than_o it_o follow_v that_o the_o abatement_n of_o interest_n be_v doubtless_o a_o principal_a cause_n of_o riches_n for_o it_o be_v not_o absurd_a nor_o improper_a to_o say_v that_o the_o same_o thing_n may_v be_v both_o a_o cause_n and_o a_o effect_n peace_n may_v cause_v plenty_n and_o plenty_n preserve_v peace_n fear_v beget_v hatred_n and_o hatred_n may_v beget_v fear_n the_o fertility_n of_o a_o country_n