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england_n abate_v foreign_a france_n 14 3 6.4476 4 false
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ID Title Author Corrected Date of Publication (TCP Date of Publication) STC Words Pages
A32833 A new discourse of trade wherein is recommended several weighty points relating to companies of merchants : the act of navigation, naturalization of strangers, and our woollen manufactures, the balance of trade, and the nature of plantations, and their consequences in relation to the kingdom, are seriously discussed and some proposals for erecting a court of merchants for determining controversies, relating to maritime affairs, and for a law for transferrance of bills of depts, are humbly offered / by Josiah Child. Child, Josiah, Sir, 1630-1699.; Culpeper, Thomas, Sir, 1578-1662. Small treatise against usury. 1693 (1693) Wing C3860; ESTC R5732 114,526 332

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of_o the_o m●or●_n many_o of_o their_o town_n and_o brave_a country_n house_n be_v fall_v into_o rubbish_n and_o their_o whole_a country_n into_o miserable_a poverty_n though_o their_o land_n natural_o be_v prodigious_o fertile_a a_o hundred_o other_o instance_n of_o fact_n may_v be_v give_v to_o the_o like_a purpose_n ii_o whatever_o tend_v to_o the_o populate_v of_o a_o kingdom_n tend_v to_o the_o improvement_n of_o it_o the_o former_a proposition_n be_v grant_v i_o suppose_v this_o will_v not_o be_v deny_v and_o of_o the_o mean_n viz._n good_a law_n whereby_o any_o kingdom_n may_v be_v populate_v and_o consequent_o enrich_v be_v in_o effect_n the_o substance_n and_o design_n of_o all_o my_o forego_n discourse_n to_o which_o for_o avoid_v repartition_n i_o must_v pray_v the_o reader_n be_v retrospection_n iii_o that_o most_o nation_n in_o the_o civilise_a part_n of_o the_o world_n be_v more_o or_o less_o rich_a or_o poor_a proportionable_a to_o the_o paucity_n or_o plenty_n of_o 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english_a man_n be_v in_o the_o low_a country_n as_o also_o in_o the_o war_n of_o germany_n france_n and_o sweeden_n etc._n etc._n or_o else_o if_o they_o can_v by_o beg_v or_o otherwise_o arrive_v to_o the_o stock_n of_o 2_o s._n 6_o d._n to_o waft_v they_o over_o to_o holland_n become_v servant_n to_o the_o dutch_a who_o refuse_v none_o but_o the_o principal_a growth_n and_o increase_n of_o the_o aforesaid_a plantation_n of_o virginia_n and_o barbadoes_n happen_v in_o or_o immediate_o after_o our_o late_a civil_a war_n when_o the_o worsted_n party_n by_o the_o fate_n of_o war_n be_v deprive_v of_o their_o estate_n and_o have_v some_o of_o they_o never_o be_v breed_v to_o labour_n and_o other_o make_v unfit_a for_o it_o by_o the_o lazy_a habit_n of_o a_o soldier_n life_n there_o want_v mean_n to_o maintain_v they_o all_o abroad_o with_o his_o majesty_n many_o of_o they_o betake_v themselves_o to_o the_o aforesaid_a plantation_n and_o great_a number_n of_o scotch_a soldier_n of_o his_o 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but_o that_o we_o may_v continue_v and_o increase_v to_o the_o diminution_n of_o they_o if_o there_o be_v no_o other_o to_o wage_v with_o we_o we_o may_v as_o the_o proverb_n say_v make_v our_o own_o market_n but_o as_o the_o case_n now_o stand_v that_o all_o the_o world_n be_v strive_v to_o engross_v all_o the_o trade_n they_o can_v that_o other_o proverb_n be_v very_o true_a and_o applicable_a all_o covet_v all_o lose_v 3._o the_o well_o contrivement_n and_o management_n of_o foreign_a treaty_n may_v very_o much_o contribute_v to_o the_o make_v it_o the_o interest_n of_o other_o nation_n to_o trade_n with_o we_o at_o least_o to_o the_o convince_a of_o foreign_a prince_n wherein_o and_o how_o it_o be_v their_o interest_n to_o trade_n with_o we_o 4._o public_a justice_n and_o honesty_n will_v make_v it_o the_o interest_n of_o other_o nation_n to_o trade_n with_o we_o that_o be_v that_o when_o any_o commodity_n pass_v under_o a_o public_a common_a seal_n which_o be_v in_o a_o kind_a 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particular_a trade_n that_o we_o have_v lose_v and_o be_v lose_v and_o by_o what_o mean_n and_o many_o trade_n that_o we_o yet_o retain_v and_o be_v increase_a and_o how_o it_o happen_v to_o be_v so_o which_o may_v give_v some_o light_n to_o a_o clear_a discovery_n and_o inspection_n into_o particular_a trade_n unto_o which_o ingenious_a man_n that_o have_v heart_n to_o serve_v their_o country_n in_o this_o so_o necessary_a work_n at_o this_o time_n may_v add_v and_o further_o improve_v by_o the_o advantage_n of_o ability_n to_o express_v their_o sentiment_n in_o a_o more_o intelligible_a and_o pausible_a style_n but_o when_o i_o and_o other_o have_v say_v all_o we_o can_v a_o low_a interest_n be_v as_o the_o soul_n to_o the_o body_n of_o trade_n it_o be_v the_o sine_fw-la qua_fw-la non_fw-la to_o the_o prosperity_n and_o advancement_n to_o the_o land_n and_o trade_n of_o england_n chap._n x._o concern_v plantation_n the_o trade_n of_o our_o english_a plantation_n in_o america_n be_v now_o of_o as_o great_a bulk_n and_o employ_v as_o much_o ship_n as_o most_o of_o the_o trade_n of_o this_o kingdom_n it_o seem_v not_o unnecessary_a to_o discourse_n more_o at_o large_a concern_v the_o nature_n of_o plantation_n and_o the_o good_a or_o evil_a consequence_n of_o they_o in_o relation_n to_o this_o and_o other_o kingdom_n and_o the_o rather_o because_o some_o gentleman_n of_o no_o mean_a capacity_n be_v of_o opinion_n that_o his_o majesty_n be_v plantation_n abroad_o have_v very_o much_o prejudice_v this_o kingdom_n by_o drain_n we_o of_o our_o people_n for_o the_o confirmation_n of_o which_o opinion_n they_o urge_v the_o example_n of_o spain_n which_o they_o say_v be_v almost_o ruin_v by_o the_o depopulation_n which_o the_o west-indies_n have_v occasion_v to_o the_o end_n therefore_o a_o more_o particular_a scrutiny_n may_v be_v make_v into_o this_o matter_n i_o shall_v humble_o offer_v my_o opinion_n in_o the_o follow_a proposition_n and_o then_o give_v those_o reason_n of_o probability_n which_o present_o occur_v to_o my_o memory_n in_o confirmation_n of_o each_o proposition_n 1._o first_o i_o agree_v that_o land_n though_o excellent_a without_o hand_n proportionable_a will_v not_o enrich_v any_o kingdom_n 2._o that_o whatever_o tend_v to_o the_o depopulate_v of_o a_o kingdom_n tend_v to_o the_o impoverishment_n of_o it_o 3._o that_o most_o nation_n in_o the_o civilise_a part_n of_o the_o world_n be_v more_o or_o less_o rich_a or_o poor_a proportionable_o to_o the_o paucity_n or_o plenty_n of_o their_o people_n and_o not_o to_o the_o sterility_n or_o fruitfulness_n of_o their_o land_n 4._o i_o do_v not_o agree_v that_o our_o people_n in_o england_n be_v in_o any_o considerable_a measure_n abate_v by_o reason_n of_o our_o foreign_a plantation_n but_o propose_v to_o prove_v the_o contrary_n 5._o i_o be_o of_o opinion_n that_o we_o have_v immediate_o before_o the_o late_a plague_n many_o more_o people_n in_o england_n then_o we_o have_v before_o the_o inhabit_v of_o virginia_n new-england_n barbadoes_n and_o the_o rest_n of_o our_o american_n plantation_n 6._o that_o all_o colony_n or_o plantation_n do_v endamage_v their_o mother-kingdom_n whereof_o the_o trade_n of_o such_o plantation_n be_v not_o confine_v by_o severe_a law_n and_o good_a execution_n of_o those_o law_n to_o the_o mother-kingdom_n 7._o that_o the_o dutch_a will_v reap_v the_o great_a advantage_n by_o all_o colony_n issue_v from_o any_o kingdom_n of_o europe_n whereof_o the_o trade_n be_v not_o so_o strict_o confine_v to_o the_o proper_a mother-kingdom_n 8._o that_o the_o dutch_a though_o they_o thrive_v so_o exceed_o in_o trade_n will_v in_o probability_n never_o endamage_v this_o kingdom_n by_o the_o growth_n of_o their_o plantation_n 9_o that_o neither_o the_o french_a spaniard_n nor_o portugeez_n be_v much_o to_o be_v fear_v on_o that_o account_n not_o for_o the_o same_o but_o for_o other_o cause_n 10._o that_o it_o be_v more_o for_o the_o advantage_n of_o england_n that_o newfoundland_n shall_v remain_v vnplanted_a than_o that_o colony_n shall_v be_v send_v or_o permit_v to_o go_v thither_o to_o inhabit_v with_o a_o governor_n law_n etc._n etc._n 11._o that_o new-england_n be_v the_o most_o prejudicial_a plantation_n to_o the_o kingdom_n of_o england_n i._o that_o land_n though_o in_o their_o nature_n excellent_o good_a 〈…〉_o hand●_n proportionable_a will_v not_o enrich_v any_o kingdom_n this_o first_o proposition_n i_o suppose_v will_v ready_o be_v asse●ted_v to_o by_o all_o judicious_a person_n and_o therefore_o for_o the_o proof_n of_o it_o i_o shall_v only_o allege_v matter_n of_o fact_n the_o land_n of_o palestine_n once_o the_o rich_a country_n in_o the_o universe_n since_o it_o come_v under_o the_o turk_n dominion_n and_o consequent_o unpeople_v be_v now_o become_v the_o poor_a andaluzia_n and_o granada_n former_o wonderful_a rich_a and_o full_a of_o good_a town_n since_o dis-peopled_n by_o the_o spaniard_n by_o expultion_n
not_o hurt_v we_o but_o we_o they_o be_v most_o apparent_a for_o in_o my_o time_n we_o have_v beat_v their_o muscovado_n and_o paneal_a sugar_n quite_o out_o of_o use_n in_o england_n and_o their_o whites_n we_o have_v bring_v down_o in_o all_o these_o part_n of_o europe_n in_o price_n from_o seven_o and_o eight_o pound_n per_fw-la l._n to_o fifty_o shilling_n and_o three_o pound_n per._n l._n and_o in_o quantity_n whereas_o former_o their_o brazeil-fleet_n consist_v of_o one_o hundred_o to_o one_o hundred_o and_o twenty_o thousand_o chest_n of_o sugar_n they_o be_v now_o reduce_v to_o about_o thirty_o thousand_o chest_n since_o the_o great_a increase_n of_o barbadoes_n the_o reason_n of_o this_o decay_n of_o the_o portugeeze_n production_n in_o brazeil_n be_v certain_o the_o better_a policy_n that_o our_o english_a plantatition_n be_v found_v upon_o that_o which_o principal_o dwarf_n the_o portugeeze_v plantation_n be_v the_o same_o beforementioned_a which_o hinder_v the_o spaniard_n viz._n extraordinary_a high_a custom_n at_o home_n high_a freight_n high_a interest_n of_o money_n ecclesiastical_a person_n etc._n etc._n from_o all_o that_o have_v be_v say_v concern_v plantation_n in_o general_a i_o draw_v these_o two_o principal_a conclusion_n 1_o st_o that_o our_o english_a plantation_n may_v thrive_v beyond_o any_o other_o plantation_n in_o the_o world_n though_o the_o trade_n of_o all_o of_o they_o be_v more_o severe_o limit_v by_o law_n and_o good_a execution_n of_o those_o law_n to_o their_o mother-kingdom_n of_o england_n exclusive_a to_o ireland_n and_o new-england_n 2_o that_o it_o be_v in_o his_o majesty_n power_n and_o the_o parliament_n if_o they_o please_v by_o take_v off_o all_o charge_n from_o sugar_n to_o make_v it_o more_o entire_o a_o english_a commodity_n than_o white-herring_n be_v a_o dutch_a commodity_n and_o to_o draw_v more_o profit_n to_o this_o kingdom_n thereby_o than_o the_o dutch_a do_v by_o that_o and_o that_o in_o consequence_n thereof_o all_o plantation_n of_o other_o nation_n must_v in_o a_o few_o year_n sink_v to_o little_a or_o nothing_o x._o that_o it_o be_v more_o for_o the_o advantage_n of_o england_n that_o new_a find_v land_n shall_v remain_v unplanted_a than_o that_o colony_n shall_v be_v send_v or_o permit_v to_o go_v thither_o to_o inhabit_v under_o a_o governor_n law_n etc._n etc._n i_o have_v before_o discourse_v of_o plantation_n in_o general_a most_o of_o the_o english_a be_v in_o their_o nature_n much_o a_o like_a except_o this_o of_o newfoundland_n and_o that_o of_o new-england_n which_o i_o intend_v next_o to_o speak_v of_o the_o advantage_n newfoundland_n have_v bring_v to_o this_o kingdom_n be_v only_o by_o the_o fishery_n there_o and_o of_o what_o vast_a concernment_n that_o be_v be_v well_o know_v to_o most_o gentleman_n and_o merchant_n especial_o those_o of_o the_o west_n part_n of_o england_n from_o whence_o especial_o this_o trade_n be_v drive_v it_o be_v well_o know_v upon_o undeniable_a poof_n tbat_n in_o the_o year_n 1605._o the_o english_a employ_v 250._o sail_v of_o ship_n small_a and_o great_a in_o fish_v upon_o that_o coast_n and_o it_o be_v now_o too_o apparent_a that_o we_o do_v not_o so_o employ_v from_o all_o part_n above_o eighty_o sail_n of_o ship_n it_o be_v likewise_o general_o know_v and_o confess_v that_o when_o we_o employ_v so_o many_o ship_n in_o that_o trade_n the_o current_a price_n of_o our_o fish_n in_o that_o country_n be_v communibus_fw-la annis_fw-la seventeen_o rial_n which_o be_v eight_o shilling_n six_o penny_n per_fw-la quintal_n and_o that_o since_o as_o we_o have_v lessen_v in_o that_o trade_n the_o french_a have_v increase_v in_o it_o and_o that_o we_o have_v annual_o proceed_v to_o raise_v our_o fish_n from_o seventeen_o rial_n to_o twenty_o four_o rial_n or_o twelve_o shilling_n communibus_fw-la annis_fw-la as_o it_o now_o sell_v in_o the_o country_n this_o be_v the_o case_n of_o england_n in_o relation_n to_o this_o trade_n it_o be_v certain_o worth_a the_o enquiery_a one_a how_o we_o come_v to_o decay_v in_o that_o trade_n two_o what_o mean_n may_v be_v use_v to_o recover_v our_o ancient_a greatness_n in_o that_o trade_n or_o at_o least_o to_o prevent_v our_o further_a diminution_n therein_o the_o decay_n of_o that_o trade_n i_o attribute_v first_o and_o principal_o to_o the_o grow_a liberty_n which_o be_v every_o year_n more_o and_o more_o use_v in_o romish_a country_n as_o well_o as_o other_o of_o eat_v flesh_n in_o lent_n and_o on_o fish-day_n 2._o to_o a_o late_a abuse_n creep_v into_o that_o trade_n which_o have_v much_o abate_v the_o expense_n within_o these_o twenty_o year_n of_o that_o commodity_n of_o send_v over_o private_a boat-keeper_n which_o have_v much_o diminish_v the_o number_n of_o the_o fishing-ship_n 3._o to_o the_o great_a increase_n of_o the_o french_a fishery_n of_o placentia_n and_o other_o port_n on_o the_o backside_n of_o newfoundland_n 4._o to_o the_o several_a war_n we_o have_v have_v at_o sea_n within_o these_o twenty_o year_n which_o have_v much_o empoverish_v the_o merchant_n of_o our_o western_a part_n and_o reduce_v they_o to_o carry_v on_o a_o great_a part_n of_o that_o trade_n at_o bottumry_n viz._n money_n take_v upon_o adventure_n of_o the_o ship_n at_o twenty_o per_fw-la cent_n per_fw-la annum_fw-la 2._o what_o mean_n may_v be_v use_v to_o recover_v our_o ancient_a greatness_n in_o that_o trade_n or_o at_o least_o to_o prevent_v our_o far_a diminution_n therein_o for_o this_o two_o contrary_a way_n have_v be_v propound_v 1._o to_o send_v a_o governor_n to_o reside_v there_o and_o to_o encourage_v people_n to_o inhabit_v there_o as_o well_o for_o defence_n of_o the_o country_n against_o invasion_n as_o to_o manage_v the_o fishery_n there_o by_o inhabitant_n upon_o the_o pl●ce_n this_o have_v often_o be_v propound_v by_o the_o planter_n and_o some_o merchant_n of_o london_n 2._o the_o second_o way_n propound_v and_o which_o be_v direct_o contrary_a to_o the_o former_a be_v by_o the_o west-country_n merchant_n and_o owner_n of_o the_o fishing-ship_n and_o that_o be_v to_o have_v no_o governor_n nor_o inhabitant_n permit_v to_o reside_v at_o newfoundland_n nor_o any_o passenger_n or_o private_a boat-keeper_n suffer_v to_o fish_n at_o newfoundland_n this_o latter_a way_n propound_v be_v most_o agreeable_a to_o my_o proposition_n and_o if_o it_o can_v be_v effect_v i_o be_o persuade_v will_v revive_v the_o decay_a english-fishing-trade_n at_o newfoundland_n and_o be_v otherwise_o great_o for_o the_o advantage_n of_o this_o kingdom_n and_o that_o for_o these_o follow_a reason_n 1._o because_o most_o of_o the_o provision_n the_o planter_n which_o be_v settle_v at_o newfoundland_n do_v make_v use_n of_o viz._n bread_n beef_n pork_n butter_n cheese_n clothes_n and_o irish-bengal_n cloth_n linen_n and_o woollen_a ireish-stocking_n as_o also_o net_n hook_n and_o line_n etc._n etc._n they_o be_v supply_v with_o from_o new-england_n and_o ireland_n and_o with_o wine_n oil_n and_o linen_n by_o the_o s●lt_n ship_n from_o france_n and_o spain_n in_o consequence_n whereof_o the_o labour_n as_o well_o as_o the_o feed_v and_o clothe_v of_o so_o many_o man_n be_v lose_v to_o england_n 2._o the_o planter_n settle_v there_o be_v most_o loose_a vagrant_a people_n and_o without_o order_n and_o government_n do_v keep_v dissolute_a house_n which_o have_v debauch_a seaman_n and_o divert_v they_o from_o their_o laborious_a and_o industrious_a call_v whereas_o before_o there_o be_v settlement_n there_o the_o seaman_n have_v no_o other_o resort_n during_o the_o fish_n season_n be_v the_o time_n of_o their_o abode_n in_o that_o country_n but_o to_o their_o ship_n which_o afford_v they_o convenient_a food_n and_o repose_n without_o the_o inconvenience_n of_o excess_n 3_o if_o it_o be_v the_o interest_n of_o all_o trade_n nation_n principal_o to_o encourage_v navigation_n and_o to_o promote_v especial_o those_o trade_n which_o employ_v most_o ship_n than_o which_o nothing_o be_v more_o true_a nor_o more_o regard_v by_o the_o wife_n dutch_n then_o certain_o it_o be_v the_o interest_n of_o england_n to_o discountenance_v and_o abate_v the_o number_n of_o planter_n at_o newfoundland_n for_o if_o they_o shall_v increase_v it_o will_v in_o a_o few_o year_n happen_v to_o we_o in_o relation_n to_o that_o country_n as_o it_o have_v to_o the_o fishery_n at_o new-england_n which_o many_o year_n since_o be_v manage_v by_o english_a ship_n from_o the_o western_a port_n but_o as_o plantation_n there_o increase_v fall_v to_o be_v the_o sole_a employment_n of_o people_n settle_v there_o and_o nothing_o of_o that_o trade_n leave_v the_o poor_a old_a englishman_n but_o the_o liberty_n of_o carry_v now_o and_o then_o by_o courtesy_n or_o purchase_n a_o ship_n load_v of_o fish_n to_o bilvoa_n when_o their_o own_o n●w-english_a ship_n be_v better_a employ_v or_o not_o at_o leisure_n to_o do_v it_o 4._o it_o be_v manifest_a that_o
because_o custom_n run_v only_o upon_o our_o good_n import_v or_o export_v and_o that_o but_o once_o for_o all_o whereas_o interest_n run_v as_o well_o upon_o our_o ship_n as_o good_n and_o must_v be_v yearly_o pay_v on_o both_o so_o long_o as_o they_o be_v in_o be_v and_o the_o ship_n in_o many_o bulkey_n trade_n and_o such_o as_o be_v national_o most_o profitable_a be_v of_o four_o time_n the_o value_n of_o the_o good_n that_o old_a objection_n about_o widow_n and_o orphan_n i_o have_v i_o think_v full_o answer_v in_o my_o former_a treatise_n but_o because_o i_o yet_o sometime_o meet_v with_o it_o i_o shall_v say_v a_o word_n more_o to_o it_o here_o viz._n 1._o widow_n and_o orphan_n be_v not_o one_o to_o twenty_o of_o the_o whole_a people_n and_o it_o be_v the_o wisdom_n of_o lawmaker_n to_o provide_v for_o the_o good_a of_o the_o majority_n of_o people_n though_o a_o minor_a part_n shall_v a_o little_a suffer_v 2._o of_o widow_n and_o orphan_n not_o one_o in_o forty_o will_v suffer_v by_o the_o abatement_n of_o interest_n for_o these_o reason_n viz._n 1_o st_o of_o widow_n and_o orphan_n nine_o of_o ten_o in_o this_o kingdom_n have_v very_o little_a or_o nothing_o at_o all_o leave_v they_o by_o their_o decease_a relation_n and_o all_o such_o will_v have_v a_o advantage_n by_o the_o abatement_n of_o interest_n because_o such_o abatement_n will_v increase_v trade_n and_o in_o consequence_n occasion_v more_o employment_n for_o such_o necessitous_a person_n 2_o dly_z many_o widow_n and_o orphan_n have_v jointure_n annuity_n coppy-holds_a and_o other_o land_n leave_v they_o as_o well_o as_o money_n and_o all_o such_o will_v be_v gainer_n by_o the_o abatement_n of_o interest_n 3_o dly_z for_o all_o london_n orphan_n the_o city_n give_v not_o now_o above_o 5_o and_o to_o some_o 4_o per_fw-la cent_n interest_n so_o the_o loss_n to_o such_o be_v not_o worth_a speak_v of_o 4_o thly_a many_o executor_n be_v so_o unworthy_a as_o to_o 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 all_o one_o what_o the_o legal_a rate_n of_o interest_n be_v 5_o thly_a when_o the_o law_n for_o abatement_n of_o interest_n be_v past_a many_o more_o parent_n will_v leave_v their_o child_n annuity_n and_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 for_o the_o few_o that_o at_o first_o may_v happen_v to_o suffer_v whereof_o the_o number_n will_v be_v very_o small_a and_o therefore_o not_o to_o be_v name_v in_o competition_n with_o the_o common_a good_a of_o the_o kingdom_n they_o have_v a_o easy_a mean_n within_o their_o own_o power_n to_o prevent_v their_o be_v one_o farthing_n the_o worse_a for_o the_o abatement_n of_o interest_n it_o be_v but_o wear_v a_o lawn-whisk_n instead_o of_o a_o point_n de_fw-fr venice_n and_o for_o the_o mean_a sort_n a_o serge_n pettycoat_n instead_o of_o a_o silk_n one_o and_o a_o plain_a pair_n of_o shoe_n instead_o of_o lace_a one_o and_o that_o the_o lady_n may_v not_o be_v offend_v with_o i_o i_o dare_v undertake_v that_o this_o will_v never_o spoil_v but_o mend_v their_o marriage_n beside_o the_o great_a good_n it_o will_v bring_v to_o their_o country_n and_o to_o their_o posterity_n after_o they_o whether_o they_o prove_v to_o be_v nobleman_n gentleman_n or_o merchant_n etc._n etc._n i_o have_v in_o several_a place_n of_o my_o ensue_a treatise_n refer_v to_o some_o tract_n i_o former_o publish_v upon_o this_o subject_n which_o be_v now_o whole_o out_o of_o print_n i_o think_v fit_a to_o re-print_n and_o annex_v unto_o this_o which_o at_o first_o i_o intend_v not_o some_o there_o be_v who_o will_v grant_v that_o abatement_n of_o interest_n if_o it_o can_v be_v effect_v will_v procure_v to_o the_o nation_n all_o the_o good_a that_o i_o allege_v it_o will_v bring_v with_o it_o but_o say_v it_o be_v not_o practicable_a or_o at_o least_o not_o now_o 1._o a_o needless_a scruple_n and_o contradictory_n to_o experience_n for_o first_o a_o law_n have_v abate_v interest_n in_o england_n three_o time_n within_o these_o few_o year_n already_o and_o what_o shall_v hinder_v its_o effect_n now_o more_o than_o former_o 2._o if_o a_o law_n will_v not_o do_v it_o why_o do_v the_o usurer_n raise_v such_o a_o dust_n and_o engage_v so_o many_o friend_n to_o oppose_v the_o pass_n of_o a_o act_n to_o this_o purpose_n the_o true_a reason_n 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 the_o contrary_n and_o if_o it_o be_v doubt_v we_o have_v not_o money_n enough_o in_o england_n beside_o what_o i_o have_v say_v in_o my_o former_a treatise_n as_o to_o the_o increase_n of_o our_o riches_n in_o general_a i_o shall_v here_o give_v some_o further_a reason_n of_o probability_n which_o be_v the_o best_a that_o can_v be_v expect_v in_o this_o case_n to_o prove_v that_o we_o have_v now_o much_o more_o money_n in_o england_n then_o we_o have_v twenty_o year_n past_a notwithstanding_o the_o seem_a scarcity_n at_o present_a if_o i_o shall_v look_v further_o back_o then_o twenty_o year_n the_o argument_n will_v be_v strong_a on_o my_o side_n and_o the_o proportion_n of_o the_o increase_n of_o money_n great_a and_o more_o perspicuous_a but_o i_o shall_v confine_v myself_o to_o that_o time_n which_o be_v within_o most_o man_n memory_n 1._o we_o give_v general_o now_o one_o three_o more_o money_n with_o apprentice_n than_o we_o do_v twenty_o year_n past_a 2._o notwithstanding_o the_o decay_n and_o loss_n of_o sundry_a trade_n and_o manufacture_n yet_o in_o the_o gross_a we_o ship_n off_o now_o one_o three_o part_n more_o of_o the_o manufacture_n as_o also_o lead_v and_o tin_n than_o we_o do_v twenty_o year_n past_a which_o be_v a_o cause_n as_o well_o as_o a_o proof_n of_o our_o increase_n of_o money_n if_o any_o doubt_v this_o if_o they_o please_v to_o consult_v mr_n dickins_n surveyor_n of_o his_o majesty_n custom_n who_o be_v the_o best_a able_a i_o know_v live_v and_o have_v take_v the_o most_o pain_n in_o these_o calculation_n he_o may_v be_v satisfactory_o resolve_v 3._o house_n new_o build_v in_o london_n yield_v twice_o the_o rent_n they_o do_v before_o the_o fire_n and_o house_n general_o immediate_o before_o the_o fire_n yield_v about_o one_o four_o part_n more_o rent_n than_o they_o do_v twenty_o year_n past_a 4._o the_o speedy_a and_o costly_a building_n of_o london_n be_v a_o convince_a and_o to_o stranger_n a_o amaze_a argument_n of_o the_o plenty_n and_o late_o increase_v of_o money_n in_o england_n 5._o we_o have_v now_o more_o than_o double_a the_o quantity_n of_o merchant_n ship_n we_o have_v twenty_o year_n past_a 6._o the_o course_n of_o our_o trade_n from_o the_o increase_n of_o our_o money_n be_v strange_o alter_v within_o these_o twenty_o year_n most_o payment_n from_o merchant_n and_o shopkeeper_n be_v now_o make_v with_o ready_a money_n whereas_o former_o the_o course_n of_o our_o general_a trade_n run_v at_o three_o six_o nine_o twelve_o and_o eighteen_o month_n time_n but_o if_o this_o case_n be_v so_o clear_a some_o may_v ask_v i_o how_o come_v it_o to_o pass_v that_o all_o sort_n of_o man_n complain_v so_o much_o of_o the_o scarcity_n of_o money_n especial_o in_o the_o country_n my_o answer_n to_o this_o query_n be_v viz._n 1._o this_o proceed_v from_o the_o frailty_n and_o corruption_n of_o humane_a nature_n it_o be_v natural_a for_o man_n to_o complain_v of_o the_o present_a and_o commend_v the_o time_n past_a so_o say_v they_o of_o old_a the_o former_a day_n be_v better_a than_o these_o and_o i_o can_v say_v in_o truth_n upon_o my_o own_o memory_n that_o man_n do_v complain_v as_o much_o of_o the_o scarcity_n of_o money_n ever_o since_o i_o know_v the_o world_n as_o they_o do_v now_o nay_o the_o very_a same_o person_n that_o now_o complain_v of_o this_o and_o commend_v that_o time_n 2._o and_o more_o particular_o this_o complaint_n proceed_v from_o many_o man_n find_n themselves_o uneasy_a in_o the_o matter_n of_o their_o religion_n it_o be_v natural_a for_o man_n when_o they_o be_v discontent_v at_o one_o thing_n to_o complain_v of_o all_o and_o principal_o to_o utter_v their_o discontent_n and_o complaint_n in_o those_o thing_n which_o be_v most_o popular_a those_o that_o hate_v a_o man_n for_o some_o one_o cause_n will_v seldom_o allow_v of_o any_o thing_n that_o be_v good_a in_o he_o and_o some_o that_o be_v angry_a with_o one_o person_n or_o thing_n will_v find_v fault_n with_o other_o that_o give_v they_o no_o offence_n like_o peevish_a person_n that_o meet_v discontent_n
english_a dutch_a italian_n jew_n and_o other_o foreigner_n bring_v to_o they_o who_o be_v to_o they_o in_o effect_n but_o as_o leech_n who_o suck_v their_o blood_n and_o vital_a spirit_n from_o they_o i_o may_v urge_v many_o other_o inst●nces_n of_o this_o nature_n not_o only_o out_o of_o christendom_n but_o from_o under_o the_o turk_n dominion_n east-india_a and_o america_n but_o every_o man_n by_o his_o eperience_n in_o foreign_a country_n may_v eas●y_o inform_v himself_o whether_o this_o rule_n do_v universal_o hold_v true_a or_o not_o for_o my_o own_o part_n to_o satisfy_v my_o own_o curiosity_n i_o have_v for_o some_o year_n as_o occasion_v offer_v diligent_o inquire_v of_o all_o my_o acquaintance_n that_o have_v knowledge_n of_o foreign_a country_n and_o i_o can_v true_o say_v that_o i_o never_o find_v it_o to_o fail_v in_o any_o particular_a instance_n now_o if_o upon_o what_o have_v be_v say_v it_o be_v grant_v that_o defacto_fw-la this_o kingdom_n be_v rich_a at_o least_o fourfold_a i_o may_v say_v eight-fold_n than_o it_o be_v before_o any_o law_n for_o interest_n be_v make_v and_o that_o all_o country_n be_v at_o this_o day_n rich_a or_o poor_a in_o a_o exact_a proportion_n to_o what_o they_o pay_v and_o have_v usual_o pay_v for_o the_o interest_n of_o mo●ey_n it_o remain_v that_o we_o inquire_v careful_o whether_o the_o abatement_n of_o interest_n be_v in_o truth_n the_o cause_n of_o the_o riches_n of_o any_o country_n or_o only_o the_o concomitant_a or_o effect_v of_o the_o riches_n of_o a_o country_n in_o which_o seem_v to_o lie_v the_o intricacy_n of_o this_o question_n to_o satisfy_v myself_o wherein_o i_o have_v take_v all_o opportunity_n to_o discourse_v this_o point_n with_o the_o most_o ingenious_a man_n i_o have_v the_o honour_n to_o be_v know_v to_o and_o have_v search_v for_o and_o read_v all_o the_o book_n that_o i_o can_v ever_o hear_v be_v print_v against_o the_o abatement_n of_o interest_n and_o serious_o consider_v all_o the_o argument_n and_o objection_n use_v by_o they_o against_o it_o all_o which_o have_v tend_v to_o confirm_v i_o in_o this_o opinion_n which_o i_o bumble_o offer_v to_o the_o consideration_n of_o wise_a head_n viz._n that_o the_o abatement_n of_o interest_n be_v the_o cause_n of_o the_o prosperity_n &_o riches_n of_o any_o nation_n and_o that_o the_o bring_v down_o of_o interest_n in_o this_o kingdom_n from_o six_o to_o four_o or_o three_o per_fw-mi cent_z will_v necessary_o in_o less_o than_o twenty_o year_n time_n double_v the_o capital_a stock_n of_o the_o nation_n the_o most_o material_a objection_n i_o have_v meet_v with_o against_o it_o be_v as_o follow_v object_n 1._o to_o abate_v interest_n will_v cause_v the_o dutch_a and_o other_o people_n that_o have_v money_n put_v out_o at_o interest_n in_o england_n by_o their_o friend_n and_o factor_n to_o c●ll_v home_o their_o estate_n and_o consequent_o will_v occasion_v a_o great_a scarcity_n and_o want_n of_o money_n among_o we_o to_o this_o i_o answer_v that_o i●_n interest_n be_v bring_v but_o to_o four_o pe●_n cent_z no_o dutchman_n will_v call_v in_o his_o money_n that_o be_v out_o upon_o good_a security_n in_o england_n because_o he_o can_v make_v above_o three_o per_fw-la ce●t_fw-la of_o it_o upon_o interest_n at_o home_n but_o if_o they_o shall_v call_v home_o all_o the_o money_n they_o have_v with_o we_o at_o interest_n it_o will_v be_v better_o for_o we_o than_o if_o they_o do_v it_o not_o for_o the_o borrower_n be_v always_o a_o slave_n to_o the_o lender_n and_o shall_v be_v sure_a to_o be_v always_o keep_v poor_a while_o the_o other_o be_v fat_a and_o full_a he_o that_o use_v a_o stock_n that_o be_v none_o of_o his_o own_o be_v force_v for_o the_o uphold_v his_o reputation_n to_o live_v to_o the_o full_a if_o not_o above_o the_o proportion_n of_o what_o he_o do_v so_o use_v while_o the_o lender_n possese_v much_o and_o use_v little_a or_o none_o live_v only_a at_o the_o charge_n of_o what_o he_o use_v and_o not_o of_o what_o he_o have_v beside_o if_o with_o this_o law_n for_o abatement_n of_o interest_n a_o law_n for_o transfer_v bill_n of_o debt_n shall_v pass_v we_o shall_v not_o miss_v the_o dutch_a money_n be_v it_o ten_o time_n as_o much_o as_o it_o be_v among_o we_o for_o that_o such_o a_o law_n will_v certain_o supply_v the_o the_o defect_n of_o at_o least_o one_o half_a of_o all_o the_o ready_a money_n we_o have_v in_o use_n in_o the_o nation_n object_n 2._o if_o interest_n be_v abate_v land_n mus●●ise_n in_o purchase_n and_o consequent_o 〈…〉_o if_o rent_n than_o the_o fruit_n of_o the_o land_n and_o so_o all_o thing_n will_v be_v dear_a and_o how_o sha●●_n the_o poor_a live_v etc._n etc._n answ._n to_o this_o i_o say_v if_o it_o follow_v that_o the_o fruit_n of_o our_o land_n in_o consequence_n of_o such_o a_o law_n for_o abatement_n of_o interest_n grow_v general_o dear_a ●t_a be_v a_o evident_a demonstration_n that_o our_o people_n grow_v rich_a for_o general_o wherever_o provision_n be_v for_o continuance_n of_o year_n dear_a in_o any_o country_n the_o people_n be_v rich_a and_o where_o they_o be_v most_o cheap_a throughout_o the_o world_n for_o the_o most_o part_n the_o people_n be_v very_o poor_a and_o for_o our_o own_o poor_a in_o england_n it_o be_v observe_v that_o they_o live_v better_o in_o the_o dear_a country_n for_o provision_n than_o in_o the_o cheap_a and_o better_a in_o a_o dear_a year_n than_o in_o a_o cheap_a especial_o in_o relation_n to_o the_o public_a good_a for_o that_o in_o a_o cheap_a year_n they_o will_v not_o work_v above_o two_o day_n in_o a_o week_n their_o humour_n be_v such_o that_o they_o will_v not_o provide_v for_o a_o hard_a time_n but_o just_a work_n so_o much_o and_o no_o more_o as_o may_v maintain_v they_o in_o that_o mean_a condition_n to_o which_o they_o have_v be_v accustom_v object_n 3_o if_o interest_n be_v abate_v usurer_n will_v call_v in_o their_o money_n so_o what_o shall_v gentleman_n do_v who_o estate_n be_v mortgage_v etc._n etc._n answ._n i_o answer_v that_o when_o they_o know_v they_o can_v make_v no_o more_o of_o their_o money_n by_o take_v out_o of_o one_o and_o put_v it_o in_o another_o hand_n they_o will_v not_o be_v so_o forward_o as_o they_o threaten_v to_o alter_v that_o security_n they_o know_v be_v good_a for_o another_o that_o may_v be_v bad_a or_o if_o they_o shall_v do_v it_o our_o law_n be_v not_o so_o severe_a but_o that_o gentleman_n may_v take_v time_n to_o dispose_v of_o part_n of_o their_o land_n which_o immediate_o after_o such_o a_o law_n will_v yield_v they_o thirty_o year_n purchase_n at_o least_o and_o much_o better_a it_o be_v for_o they_o so_o to_o do_v than_o to_o abide_v long_o under_o that_o consume_a plague_n of_o usury_n which_o have_v insensible_o destroy_v very_o many_o of_o the_o best_a family_n in_o england_n as_o well_o of_o our_o nobility_n as_o gentry_n object_n 4._o as_o interest_n be_v now_o at_o six_o per_fw-la cent_n the_o king_n majesty_n upon_o any_o emergency_n can_v hardly_o be_v supply_v and_o if_o it_o shall_v be_v reduce_v to_o four_o per_fw-la cent_n how_o shall_v the_o king_n find_v a_o considerable_a sum_n of_o money_n to_o be_v lend_v he_o by_o his_o people_n answ._n i_o answer_v the_o abatement_n of_o interest_n to_o the_o people_n be_v the_o abatement_n of_o interest_n to_o the_o king_n when_o he_o have_v occasion_n to_o take_v up_o money_n for_o what_o be_v borrow_v of_o the_o city_n of_o london_n or_o other_o body_n politic_a nothing_o can_v be_v demand_v but_o the_o legal_a interest_n and_o if_o the_o king_n have_v occasion_n to_o take_v up_o money_n of_o private_a person_n be_v his_o majesty_n according_a to_o good_a right_n be_v above_o the_o common_a course_n of_o law_n the_o king_n must_v and_o always_o have_v give_v more_o than_o the_o legal_a rate_n as_o for_o instance_n the_o legal_a rate_n be_v now_o six_o per_n cent_n but_o his_o majesty_n or_o such_o as_o have_v dispose_v of_o his_o majesty_n exchequer-tally_n have_v be_v say_v to_o give_v ten_o and_o twelve_o in_o some_o case_n and_o if_o the_o legal_a rate_n be_v ten_o his_o majesty_n may_v probable_o give_v thirteen_o or_o fourteen_o so_o if_o interest_n be_v bring_v to_o four_o per_fw-la cent_n his_o majesty_n in_o such_o case_n as_o he_o now_o give_v ten_o must_v give_v six_o or_o seven_o by_o which_o his_o majesty_n will_v have_v a_o clear_a advantage_n object_n 5._o if_o interest_n be_v abate_v it_o will_v be_v a_o great_a prejudice_n to_o widow_n and_o orphan_n who_o have_v not_o knowledge_n and_o ability_n to_o improve_v their_o estate_n otherwise_o answ._n i_o answer_v that_o by_o our_o law_n now_o heir_n and_o orphan_n can_v recover_v no_o interest_n from_o their_o parent_n
pag._n 9_o which_o seem_v to_o i_o to_o be_v a_o unfriendly_a way_n of_o prevaricate_a for_o pag._n 8._o i_o mention_v the_o late_a great_a improvement_n of_o ireland_n only_o as_o a_o accidental_a cause_n why_o our_o rent_n at_o that_o present_a fell_a and_o in_o this_o it_o appear_v i_o be_v not_o much_o mistake_v for_o within_o a_o few_o month_n after_o i_o first_o write_v that_o treatise_n the_o parliament_n take_v notice_n of_o it_o pag._n 9_o i_o mention_v that_o place_n among_o other_o that_o pay_v a_o high_a interest_n and_o be_v consequent_o very_o poor_a if_o there_o be_v any_o contradiction_n in_o this_o let_v the_o reader_n judge_n pag._n 16._o the_o gentleman_n puzle_v himself_o about_o find_v mistake_v in_o my_o calculation_n of_o the_o increase_n of_o merchant_n estate_n but_o discover_v none_o but_o his_o own_o so_o i_o shall_v not_o trouble_v the_o reader_n further_o about_o that_o all_o merchant_n grant_v i_o as_o much_o as_o i_o design_v by_o it_o though_o some_o of_o they_o have_v not_o or_o care_v not_o to_o observe_v the_o abatement_n of_o interest_n to_o have_v be_v the_o principal_a cause_n thereof_o fol._n 17._o because_o he_o can_v answer_v that_o large_a and_o pregnant_a instance_n of_o the_o effect_n of_o a_o low_a interest_n which_o i_o give_v in_o the_o case_n of_o the_o sugar-baker_n of_o london_n and_o those_o of_o holland_n which_o be_v but_o one_o of_o a_o hundred_o which_o i_o can_v have_v mention_v he_o endeavour_v to_o set_v up_o another_o of_o a_o contrary_a effect_n which_o be_v a_o weak_a ridiculous_a instance_n and_o nothing_o to_o his_o purpose_n for_o that_o commodity_n that_o i_o mention_v viz._n sugar_n be_v a_o solid_a bulky_a commodity_n always_o in_o fashion_n not_o consequent_a to_o humour_n as_o be_v that_o of_o silk-stocking_n 1000_o l._n worth_n whereof_o may_v be_v with_o less_o charge_n carry_v to_o italy_n than_o 30_o l._n worth_n of_o barbadoes_n sugar_n can_v be_v send_v to_o holland_n beside_o the_o reason_n why_o we_o of_o late_o send_v silk-stocking_n thither_o be_v accidental_a not_o natural_a only_o happen_v by_o mean_n of_o a_o engine_n we_o have_v to_o weave_v they_o whereof_o they_o have_v not_o yet_o the_o use_n in_o italy_n beside_o wear_v thing_n be_v more_o esteem_v through_o fancy_n then_o judgement_n the_o italian_n may_v have_v the_o same_o vanity_n which_o be_v too_o much_o among_o we_o to_o esteem_v that_o which_o be_v none_o of_o their_o own_o make_n as_o we_o do_v french_a ribond_n and_o the_o frenchman_n english_a one_o beside_o he_o be_v mistake_v in_o say_v we_o bring_v the_o silk_n we_o make_v they_o of_o from_o italy_n for_o the_o silk_n of_o which_o we_o make_v that_o commodity_n be_v turkey_n not_o italian_n silk_n fol._n 18._o the_o gentleman_n begin_v to_o be_v kind_a and_o find_v i_o out_o of_o the_o way_n pretend_v to_o set_v i_o right_o viz._n to_o instruct_v i_o as_o first_o what_o will_v bring_v down_o interest_n one_a multitude_n of_o people_n two_o a_o full_a trade_n three_o liberty_n of_o conscience_n i_o answer_v that_o i_o have_v i_o think_v prove_v that_o the_o abatement_n of_o interest_n will_v effect_v the_o two_o former_a and_o i_o think_v my_o opposer_n be_v not_o clear_v sight_v if_o he_o can_v discern_v that_o the_o latter_a in_o a_o due_a and_o regulate_v proportion_n must_v be_v a_o consequent_a of_o they_o in_o the_o next_o place_n the_o gentleman_n find_v i_o at_o a_o loss_n as_o he_o say_v for_o the_o reason_n of_o our_o great_a trade_n at_o present_a will_v help_v i_o as_o well_o as_o he_o can_v i_o answer_v those_o latter_a word_n as_o well_o as_o he_o can_v be_v well_o put_v in_o for_o as_o yet_o he_o have_v tell_v i_o no_o news_n nor_o give_v any_o shadow_n of_o reason_n that_o i_o kn●w_v not_o before_o and_o have_v mature_o consider_v on_o many_o year_n before_o i_o write_v the_o first_o treatise_n the_o reason_n he_o give_v for_o our_o present_a greatness_n of_o trade_n be_v first_o our_o cast_v off_o the_o church_n of_o rome_n second_o the_o statute_n in_o henry_n the_o 7_o th_n time_n prohibit_v noble_a man_n retainer_n and_o make_v their_o land_n liable_a to_o the_o pay●ment_n of_o debt_n three_o the_o discovery_n of_o the_o east_n and_o west-india_n trade_n pag._n 19_o 20._o to_o his_o first_o and_o second_o reason_n i_o answer_v that_o those_o statute_n of_o henry_n the_o 7_o the_o and_o our_o cast_v off_o the_o church_n of_o rome_n do_v long_o precede_v our_o be_v any_o thing_n in_o trade_n which_o begin_v not_o until_o the_o latter_a end_n of_o queen_n elizabeth_n reign_n and_o afterward_o increase_v in_o the_o time_n of_o king_n james_n and_o king_n charles_n the_o first_o as_o we_o abate_v our_o interest_n and_o not_o otherwise_o there_o be_v a_o person_n yet_o live_v and_o but_o 77_o year_n of_o age_n viz._n captain_n russel_n of_o wapping_n who_o assure_v i_o he_o can_v remember_v since_o we_o have_v not_o above_o three_o merchant_n ship_n of_o 300_o tun_n and_o upward_o belong_v to_o england_n second_o that_o in_o italy_n where_o there_o be_v no_o such_o statute_n for_o abridgement_n of_o noble_a man_n retainer_n nor_o cast_v off_o the_o church_n of_o rome_n there_o be_v notwithstanding_o a_o very_a great_a trade_n and_o land_n at_o from_o 35_o to_o 40_o year_n purchase_v which_o sufficient_o show_v that_o a_o low_a interest_n be_v absolute_o and_o principal_o necessary_a and_o that_o the_o other_o particular_n alone_o will_v not_o do_v to_o the_o procure_n of_o those_o end_n although_o a_o low_a interest_n single_o do_v it_o in_o italy_n to_o his_o three_o reason_n i_o answer_v that_o there_o be_v some_o man_n yet_o live_v who_o do_v remember_v a_o great_a trade_n to_o east-india_n and_o a_o far_o great_a stock_n employ_v therein_o than_o we_o have_v now_o and_o yet_o we_o be_v so_o far_o from_o thrive_a upon_o it_o that_o we_o lose_v by_o it_o and_o can_v never_o see_v our_o principal_a money_n again_o nor_o ever_o do_v we_o great_o prosper_v upon_o it_o till_o our_o interest_n be_v much_o abate_v by_o law_n nor_o ever_o shall_v mate_v the_o dutch_a in_o it_o till_o our_o interest_n be_v as_o low_a as_o they_o the_o like_a in_o a_o great_a measure_n be_v true_a in_o our_o west-india_n trade_n we_o never_o get_v considerable_a by_o they_o till_o our_o last_o abatement_n of_o interest_n from_o 8_o to_o 6_o per_fw-la cent._n pag._n 21_o 22._o he_o labour_v to_o prove_v that_o if_o we_o will_v have_v trade_n to_o flourish_v and_o land_n high_a we_o must_v imitate_v the_o hollander_n in_o their_o practice_n which_o in_o matter_n of_o trade_n i_o know_v be_v most_o certain_a so_o far_o as_o they_o be_v consistent_a with_o the_o government_n of_o our_o own_o country_n and_o the_o first_o and_o ready_a thing_n wherein_o we_o can_v imitate_v they_o be_v to_o reduce_v our_o interest_n of_o money_n to_o a_o low_a rate_n after_o the_o manner_n of_o our_o father_n and_o they_o do_v it_o before_o we_o which_o will_v natural_o lead_v we_o to_o all_o the_o other_o advantage_n in_o trade_n which_o they_o now_o use_v 1._o for_o if_o interest_n be_v abate_v to_o 4_o per_fw-mi cent_z who_o will_v not_o that_o can_v leave_v his_o child_n any_o competent_a estate_n of_o 1000_o or_o 2000_o l._n each_o bring_v they_o up_o to_o write_v arithmetic_n and_o merchant_n account_n and_o instruct_v they_o in_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 keep_v they_o 2._o must_v not_o all_o person_n live_v low_a in_o expense_n when_o all_o trade_n will_v be_v less_o gainful_a to_o individual_n though_o more_o profitable_a to_o the_o public_a 3._o will_v it_o not_o put_v we_o upon_o build_v a●_n bulky_a and_o cheap_a sail_a ship_n as_o they_o 4._o will_v it_o not_o bring_v trade_n to_o be_v so_o familiar_a among_o we_o that_o our_o gentleman_n who_o be_v in_o our_o great_a council_n will_v come_v to_o understand_v it_o and_o according_o contrive_v law_n in_o favour_n of_o it_o 5._o will_v not_o nay_o have_v it_o not_o already_o bring_v we_o to_o lower_v our_o custom_n upon_o our_o own_o native_a commodity_n and_o manufacture_n 6._o will_v it_o not_o in_o time_n bring_v we_o to_o transfer_v bill_n of_o debt_n be_v not_o necessity_n the_o mother_n of_o invention_n and_o that_o old_a proverb_n true_a facile_fw-la est_fw-la inventis_fw-la addere_fw-la there_o be_v in_o my_o poor_a opinion_n nothing_o conducible_a to_o the_o good_a of_o trade_n that_o we_o shall_v not_o by_o one_o accident_n or_o other_o hi●_n upon_o when_o we_o have_v attain_v this_o fundamental_a point_n and_o be_v thereby_o necessitate_v to_o follow_v and_o keep_v to_o our_o trade_n from_o generation_n to_o generation_n 7._o do_v we_o not_o see_v
will_v not_o be_v have_v or_o else_o will_v come_v very_o dear_a to_o we_o i_o answer_v if_o the_o commodity_n shall_v be_v somewhat_o dear_a for_o the_o present_a it_o will_v be_v no_o loss_n to_o the_o nation_n in_o general_n because_o all_o freight_n will_v be_v pay_v to_o english_a man_n whereas_o the_o freight_n pay_v to_o stranger_n which_o upon_o those_o commodity_n be_v common_o as_o much_o or_o more_o than_o the_o value_n of_o good_n be_v all_o clear_a loss_n to_o the_o nation_n 2_o dly_z if_o there_o shall_v be_v a_o present_a want_n of_o ship_n and_o the_o parliament_n shall_v please_v to_o enjoin_v we_o to_o build_v english_a ship_n for_o this_o trade_n this_o extraordinary_a good_a effect_n will_v follow_v viz._n it_o will_v engage_v we_o to_o do_v that_o we_o never_o yet_o do_v viz._n to_o fall_v to_o build_v of_o fly-boat_n great_a ship_n of_o burden_n of_o no_o force_n and_o small_a charge_n in_o sail_v which_o will_v be_v the_o most_o profitable_a undertake_n that_o ever_o english_a man_n be_v engage_v in_o and_o that_o which_o be_v absolute_o necessary_a to_o be_v do_v if_o ever_o we_o intend_v to_o board_v the_o dutch_a in_o their_o trade_n and_o navigation_n these_o fly-boat_n be_v the_o milch-cow_n of_o holland_n from_o which_o they_o have_v suck_v manifold_o great_a profit_n than_o from_o all_o their_o ship_n of_o force_n though_o both_o i_o know_v be_v necessary_a but_o if_o at_o first_o the_o parliament_n shall_v think_v ●it_a to_o enjoin_v we_o only_o to_o ship_n sail_v with_o a_o enlish_a master_n and_o three_o fourth_n english_a mariner_n the_o dane_n and_o easterlin_n be_v by_o this_o mean_v put_v out_o of_o so_o great_a a_o employment_n for_o their_o ship_n we_o shall_v buy_v ship_n proper_a for_o this_o trade_n on_o easy_a term_n of_o they_o perhaps_o for_o half_a their_o cost_n which_o under_o value_n in_o purchase_n will_v be_v a_o present_a clear_a profit_n to_o england_n object_n 2._o if_o this_o be_v do_v in_o england_n may_v not_o other_o prince_n account_v it_o hard_a and_o unreasonable_a and_o consequent_o retaliate_v the_o like_a upon_o we_o to_o answer_v this_o objection_n its_o necesary_a to_o inquire_v what_o kingdom_n and_o counry_n will_v be_v concern_v in_o this_o law_n 1_o st_o then_o italy_n spain_n and_o portugal_n will_v be_v whole_o unconcern_v 2_o dly_z so_o will_v france_n who_o if_o they_o be_v concern_v can_v take_v no_o offence_n while_o they_o lie_v a_o imposition_n of_o 50_o or_o 60_o per_fw-la cent_z upon_o our_o drapery_n 3_o dly_z the_o dutch_a and_o hamburger_n will_v not_o by_o such_o additional_a law_n be_v more_o exclude_v then_o now_o they_o be_v and_o the_o latter_a will_v have_v a_o advantage_n by_o it_o in_o case_n the_o dane_n shall_v as_o it_o may_v be_v suppose_v they_o will_v lay_v a_o tax_n upon_o our_o ship_n there_o for_o the_o consequence_n thereof_o will_v be_v that_o much_o of_o those_o kind_n of_o commodity_n we_o shall_v fetch_v from_o hambrough_n where_o they_o be_v plentiful_o to_o be_v have_v though_o at_o a_o little_o dear_a rate_n and_o yet_o not_o so_o dear_a but_o that_o the_o dutch_a fetch_v yearly_o thence_o 350_o or_o 400_o ship_n load_v of_o timber_n and_o other_o wooden_a commodity_n 4_o thly_a the_o sweede_n will_v have_v a_o apparent_a benefit_n by_o it_o by_o turn_v a_o great_a part_n of_o the_o stream_n of_o our_o trade_n for_o those_o commodity_n to_o gottenborrow_n and_o divers_a other_o part_n of_o sweeden_n that_o be_v late_o open_v and_o now_o open_v where_o very_o large_a quantity_n of_o timber_n mast_n and_o board_n likewise_o may_v be_v have_v though_o some_o sma●l_a matter_n dear_a than_o in_o norway_n beside_o if_o the_o sweede_n shall_v expect_v no_o advantage_n but_o rather_o loss_n by_o such_o amendment_n of_o our_o own_o law_n they_o have_v no_o reason_n to_o b●_n angry_a because_o they_o have_v late_o make_v so_o many_o law_n for_o encouragement_n of_o their_o own_o ship_n and_o navigation_n and_o consequent_o discouragement_n of_o we_o that_o do_v in_o effect_n amount_v to_o a_o prohibition_n of_o the_o english_a from_o send_v their_o own_o manufacture_n to_o sweeden_n in_o english_a ship_n insomuch_o that_o the_o english_a merchant_n when_o sweedish_a ship_n do_v not_o p●●sent_a be_v force_v many_o time_n to_o s●nd_v th●ir_a good_n to_o elsinore_n to_o lie_v there_o till_o a_o sweedish_a ship_n come_v by_o to_o put_v they_o aboard_o of_o and_o pay_v their_o factoridge_n and_o other_o charge_n because_o if_o they_o shall_v send_v they_o on_o english_a ship_n the_o duty_n be_v so_o high_a in_o sweeden_n that_o it_o be_v impossible_a for_o they_o to_o make_v their_o first_o cost_n of_o they_o 5_o thly_a the_o easterlin_n or_o hans-town_n though_o they_o be_v exclude_v this_o trade_n for_o england_n with_o their_o ship_n whereof_o they_o have_v little_a the_o great_a share_n be_v carry_v away_o by_o the_o dane_n will_v be_v gainer_n by_o the_o increase_n of_o our_o trade_n with_o they_o for_o board_n timber_n spruce_n deal_v etc._n etc._n at_o dantzick_n quinsborough_n and_o other_o place_n which_o will_v be_v very_o considerable_a in_o case_n the_o king_n of_o denmark_n shall_v impose_v any_o considerable_a extraordinary_a tribute_n on_o our_o ship_n which_o bring_v i_o to_o the_o three_o objection_n object_n 3._o if_o this_o be_v do_v will_v not_o the_o king_n of_o denmark_n lay_v a_o great_a imposition_n upon_o all_o our_o ship_n that_o trade_n into_o his_o dominion_n and_o also_o upon_o our_o drapery_n and_o other_o native_a english_a commodity_n i_o answer_v that_o whatever_o that_o king_n may_v do_v at_o first_o i_o be_o persuade_v after_o he_o have_v consider_v of_o it_o he_o will_v be_v moderate_a in_o his_o imposition_n because_o he_o can_v hurt_v none_o but_o himself_o by_o make_v they_o great_a for_o as_o to_o drapery_n and_o other_o english_a good_n his_o country_n spend_v none_o worth_a speak_v of_o and_o that_o charge_v with_o about_o 30_o or_o 40_o per_fw-la cent_z custom_n already_o nine_o ten_o of_o all_o the_o timber_n and_o board_n we_o fetch_v from_o thence_o be_v in_o my_o opinion_n purchase_v with_o ready_a dollar_n send_v from_o england_n and_o holland_n and_o if_o he_o shall_v by_o a_o great_a imposition_n total_o discourage_v we_o from_o trade_v with_o his_o people_n we_o shall_v lay_v out_o that_o money_n with_o the_o sweede_n hamburger_n danzicker_n and_o other_o where_o we_o may_v have_v sufficient_a supply_n while_o the_o dane_n will_v be_v exceed_o burden_a with_o the_o lie_v of_o their_o good_n upon_o their_o hand_n there_o be_v in_o norway_n great_a quantity_n of_o good_n viz._n the_o course_n hemlock_n timber_n common_o bring_v from_o larwick_n tunsberry_n sandyford_n osk●strand_n hollumstrand_n and_o many_o other_o part_n which_o no_o nation_n in_o the_o world_n trade_v with_o they_o for_o or_o will_v buy_v or_o use_v but_o the_o english_a only_o chap._n v._o concern_v transferrance_n of_o debt_n the_o great_a advantage_n that_o will_v accrue_v to_o this_o kingdom_n by_o a_o law_n for_o transfer_v bill_n of_o debt_n from_o one_o person_n to_o another_o be_v sufficient_o understand_v by_o most_o man_n especial_o by_o merchant_n the_o difficulty_n seem_v not_o to_o be_v so_o much_o in_o make_v of_o a_o law_n to_o this_o purpose_n as_o reduce_v it_o to_o practice_n because_o we_o have_v be_v so_o long_o accustom_v to_o buy_v and_o sell_v good_n by_o verbal_a contract_n only_o that_o rich_a and_o great_a man_n for_o some_o time_n will_v be_v apt_a to_o think_v it_o a_o diminution_n of_o their_o reputation_n to_o have_v bill_n under_o their_o hand_n and_o seal_n demand_v of_o they_o for_o good_n buy_v and_o mean_a man_n will_v fear_v the_o lose_n of_o their_o customer_n by_o insist_v upon_o have_v such_o bill_n for_o what_o they_o sell_v which_o inconveniency_n probable_o may_v be_v avoid_v and_o the_o good_a hope_v for_o full_o attain_v if_o it_o be_v enact_v that_o all_o and_o every_o person_n and_o person_n native_a and_o foreign_a body_n politic_a and_o corporate_a be_v or_o inhabit_v within_o the_o kingdom_n of_o england_n or_o dominion_n of_o wales_n who_o from_o and_o after_o the_o day_n of_o shall_v buy_v and_o receive_v any_o ware_n good_n and_o merchandise_n from_o any_o other_o shall_v immediate_o on_o receipt_n thereof_o in_o case_n ready_a money_n be_v not_o pay_v for_o the_o same_o give_v unto_o he_o or_o they_o of_o who_o such_o good_n ware_n and_o merchandise_n shall_v be_v buy_v or_o to_o he_o and_o their_o use_n a_o bill_n or_o write_v obligatory_a under_o the_o hand_n or_o seal_n of_o he_o or_o they_o so_o buy_v the_o same_o which_o shall_v mention_v the_o quality_n of_o the_o say_a good_n and_o the_o neat_a sum_n of_o money_n with_o the_o time_n or_o time_n of_o payment_n agree_v upon_o 2._o