Selected quad for the lemma: england_n

Word A Word B Word C Word D Occurrence Frequency Band MI MI Band Prominent
england_n abate_v interest_n reduce_v 20 3 9.4529 5 false
View all documents for the selected quad

Text snippets containing the quad

ID Title Author Corrected Date of Publication (TCP Date of Publication) STC Words Pages
A48895 Some considerations of the consequences of the lowering of interest, and raising the value of money in a letter to a member of Parliament. Locke, John, 1632-1704. 1692 (1692) Wing L2760; ESTC R23025 87,869 202

There are 4 snippets containing the selected quad. | View original text

quarter_n of_o england_n and_o into_o a_o great_a number_n of_o hand_n according_a to_o the_o exigence_n of_o trade_n if_o money_n be_v to_o be_v hire_v as_o land_n be_v or_o to_o be_v have_v as_o corn_n or_o wool_n from_o the_o owner_n himself_o and_o know_v good_a security_n be_v give_v for_o it_o it_o may_v then_o probable_o be_v have_v at_o the_o market_n which_o be_v the_o true_a rate_v and_o will_v be_v a_o constant_a gauge_v of_o your_o trade_n and_o wealth_n but_o when_o a_o kind_n of_o monopoly_n by_o consent_n have_v put_v this_o general_a commodity_n into_o a_o few_o hand_n it_o may_v need_v regulation_n though_o what_o the_o state_v rate_n of_o interest_n shall_v be_v in_o the_o constant_a change_n of_o affair_n and_o flux_n of_o money_n be_v hard_o to_o determine_v possible_o it_o may_v be_v allow_v as_o a_o reasonable_a proposal_n that_o it_o shall_v be_v within_o such_o bound_n 〈…〉_z quite_o l●t_v up_o the_o merchant_n and_o tradesman_n profit_n and_o discourage_v their_o industry_n nor_o on_o the_o other_o hand_n so_o low_a as_o shall_v hinder_v man_n from_o risque_a their_o money_n in_o other_o man_n hand_n and_o so_o rather_o choose_v to_o keep_v it_o out_o of_o trade_n than_o venture_v it_o upon_o so_o small_a profit_n when_o it_o be_v too_o high_a it_o so_o hinder_v the_o merchant_n gain_n that_o he_o will_v not_o borrow_v when_o too_o low_a it_o so_o hinder_v the_o moneyed_a man_n profit_n that_o he_o will_v not_o lend_v and_o both_o these_o way_n it_o be_v a_o hindrance_n to_o trade_n but_o this_o be_v perhaps_o too_o general_a and_o loose_a a_o rule_n let_v i_o add_v that_o if_o one_o will_v consider_v money_n and_o land_n alone_o in_o relation_n one_o to_o another_o perhaps_o it_o be_v now_o at_o six_o per_fw-la cent._n in_o as_o good_a a_o proportion_n as_o be_v possible_a six_o per_fw-la cent._n be_v a_o little_a high_o than_o land_n at_o twenty_o year_n purchase_n which_o be_v the_o rate_v pretty_a near_o that_o land_n have_v general_o carry_v in_o england_n it_o never_o be_v much_o over_o nor_o under_o for_o suppose_v 100_o l._n in_o money_n and_o land_n of_o 5_o l._n per_fw-la annum_fw-la be_v of_o equal_a value_n which_o be_v land_n at_o twenty_o year_n purchase_n it_o be_v necessary_a for_o the_o make_v their_o value_n true_o equal_a that_o they_o shall_v produce_v a_o equal_a income_n which_o the_o 100_o l._n at_o 5_o l._n per_fw-la cent._n interest_n be_v not_o likely_a to_o do_v 1._o because_o of_o the_o many_o and_o sometime_o long_a interval_n of_o barrenness_n which_o happen_v to_o money_n more_o than_o land_n money_n at_o use_n when_o return_v into_o the_o hand_n of_o the_o owner_n usual_o lie_v dead_a there_o till_o he_o get_v a_o new_a tenant_n for_o it_o and_o can_v put_v it_o out_o again_o and_o all_o this_o time_n it_o produce_v nothing_o but_o this_o happen_v not_o to_o land_n the_o grow_a product_n whereof_o turn_v to_o account_v to_o the_o owner_n even_o when_o it_o be_v in_o his_o hand_n or_o be_v allow_v for_o by_o the_o tenant_n antecedent_o to_o his_o enter_v upon_o the_o farm_n for_o though_o a_o man_n who_o borrow_v money_n at_o midsummer_n never_o begin_v to_o pay_v his_o interest_n from_o our_o lady-day_n or_o one_o moment_n backward_o yet_o he_o who_o rent_n a_o farm_n at_o midsummer_n may_v have_v as_o much_o reason_n to_o begin_v his_o rent_n from_o our_o lady-day_n as_o if_o he_o have_v then_o enter_v upon_o it_o beside_o the_o dead_a interval_n of_o cease_v profit_n which_o happen_v to_o money_n more_o than_o land_n there_o be_v another_o reason_n why_o the_o profit_n and_o income_n of_o money_n let_v out_o shall_v be_v a_o little_a high_o than_o that_o of_o land_n and_o that_o be_v because_o money_n out_o at_o interest●●●s_n ●●●s_z a_o great_a risque_n than_o land_n do_v the_o ●o●●ower_n may_v break_v and_o run_v away_o with_o the_o money_n and_o then_o not_o only_o the_o 〈◊〉_d due_a but_o all_o the_o future_a profit_n with_o the_o principal_a be_v lose_v forever_o but_o in_o land_n a_o man_n can_v lose_v but_o the_o rent_n due_a for_o which_o usual_o too_o the_o stock_n upon_o the_o land_n be_v sufficient_a security_n and_o if_o a_o tenant_n run_v away_o in_o arrear_n of_o some_o rent_n the_o land_n remain_v that_o can_v be_v carry_v away_o or_o lose_v shall_v a_o man_n purchase_v good_a land_n in_o middlesex_n of_o 5_o l._n per_fw-la annum_fw-la at_o twenty_o year_n purchase_n and_o other_o land_n in_o rumney-marsh_n or_o elsewhere_o of_o the_o same_o yearly_a value_n but_o so_o situate_v that_o it_o be_v in_o danger_n to_o be_v swallow_v of_o the_o sea_n and_o be_v utter_o lose_v it_o will_v not_o be_v unreasonable_a he_o shall_v expect_v to_o have_v it_o under_o twenty_o year_n purchase_n suppose_v 16_o ½_o this_o be_v to_o bring_v it_o to_o just_a the_o case_n of_o land_n at_o twenty_o year_n purchase_n and_o money_n at_o six_o per_fw-la cent._n where_o the_o uncertainty_n of_o secure_v one_o money_n may_v well_o be_v allow_v that_o advantage_n of_o great_a profit_n and_o therefore_o perhaps_o the_o legal_a interest_n now_o in_o england_n at_o six_o per_fw-la cent_z be_v as_o reasonable_a and_o convenient_a a_o rate_n as_o can_v well_o be_v set_v by_o a_o stand_a rule_n especial_o if_o we_o consider_v that_o the_o law_n require_v not_o a_o man_n to_o pay_v six_o per_fw-la cent_z but_o tie_v up_o the_o lender_n from_o take_v more_o so_o that_o if_o ever_o it_o fall_v of_o itself_o the_o moneyed_a man_n be_v sure_a to_o find_v it_o and_o his_o interest_n will_v be_v bring_v down_o to_o it_o high_a interest_n be_v think_v by_o some_o a_o prejudice_n to_o trade_n but_o if_o we_o will_v look_v back_o we_o shall_v find_v that_o england_n never_o thrive_v so_o well_o nor_o be_v there_o ever_o bring_v into_o england_n so_o great_a a_o increase_n of_o wealth_n since_o as_o in_o queen_n elizabeth_n and_o king_n james_n i._o and_o king_n charles_n i._o time_n when_o money_n be_v at_o 10_o and_o 8_o per_fw-la cent._n i_o will_v not_o say_v high_a interest_n be_v the_o cause_n of_o it_o for_o i_o rather_o think_v that_o our_o thrive_a trade_n be_v the_o cause_n of_o high_a interest_n every_o one_o crave_v money_n to_o employ_v in_o a_o profitable_a commerce_n but_o this_o i_o think_v i_o may_v reasonable_o infer_v from_o it_o that_o lower_v of_o interest_n be_v not_o a_o sure_a way_n to_o improve_v either_o our_o trade_n or_o wealth_n to_o this_o i_o hear_v some_o say_v that_o the_o dutch_a skilful_a in_o all_o art_n of_o promote_a trade_n to_o out_o do_v we_o in_o this_o as_o well_o as_o all_o other_o advancement_n of_o it_o have_v observe_v this_o rule_n that_o when_o we_o fall_v interest_n in_o england_n from_o 10_o to_o 8._o they_o present_o sink_v interest_n in_o holland_n to_o 4_o per_fw-la cent._n and_o again_o when_o we_o lower_v it_o to_o 6_o they_o fall_v it_o to_o 3_o per_fw-la cent._n thereby_o to_o keep_v the_o advantage_n which_o the_o lowness_n of_o interest_n give_v to_o trade_n from_o whence_o these_o man_n ready_o conclude_v that_o the_o fall_n of_o interest_n will_v a●●ance_v trade_n in_o england_n to_o which_o i_o answer_v 1._o that_o this_o look_n like_o a_o argument_n rather_o make_v for_o the_o present_a occasion_n to_o mislead_v those_o who_o be_v credulous_a enough_o to_o swallow_v it_o than_o arise_v from_o 〈◊〉_d reason_n and_o matter_n of_o fact_n for_o if_o lower_a interest_n be_v so_o advantageous_a to_o trade_n why_o do_v the_o dutch_a so_o constant_o take_v their_o measure_n only_o by_o we_o and_o not_o as_o well_o by_o some_o other_o of_o their_o neighbour_n with_o who_o they_o have_v as_o great_a or_o great_a commerce_n than_o with_o we_o this_o be_v enough_o at_o first_o sight_n to_o make_v one_o suspect_v this_o to_o be_v dust_n only_o raise_v to_o throw_v in_o people_n eye_n and_o a_o suggestion_n make_v to_o serve_v a_o purpose_n for_o 2._o it_o will_v not_o be_v find_v true_a that_o when_o we_o abate_v interest_n here_o in_o england_n to_o 8._o the_o dutch_a sink_v it_o in_o holland_n to_o 4_o per_fw-la cent._n by_o law_n or_o that_o there_o be_v any_o law_n make_v in_o holland_n to_o limit_v the_o rate_n of_o interest_n to_o 3_o per_fw-la cent._n when_o we_o reduce_v it_o in_o england_n to_o 6._o it_o be_v true_a john_n de_fw-fr witt_n when_o he_o manage_v the_o affair_n of_o holland_n set_v himself_o to_o lessen_v the_o public_a debt_n and_o have_v actual_o pay_v some_o and_o get_v money_n in_o a_o readiness_n to_o pay_v other_o send_v notice_n to_o all_o the_o creditor_n that_o those_o who_o will_v not_o take_v 4_o per_fw-la cent._n shall_v come_v and_o receive_v their_o money_n the_o creditor_n find_v he_o in_o earnest_n and_o know_v not_o how_o
must_v make_v up_o it_o will_v follow_v that_o they_o will_v have_v less_o to_o lay_v out_o in_o clothes_n as_o well_o as_o other_o thing_n and_o so_o will_v either_o wear_v they_o long_o or_o pay_v less_o for_o they_o if_o a_o clothier_n find_v a_o want_n of_o vent_n he_o must_v either_o sell_v cheap_a or_o not_o at_o all_o if_o he_o sels_z cheap_a he_o must_v also_o pay_v less_o both_o for_o wool_n and_o labour_n and_o if_o the_o labourer_n have_v less_o wage_n he_o must_v also_o pay_v less_o for_o corn_n butter_n cheese_n flesh_n or_o else_o forbear_v some_o of_o these_o quite_o in_o all_o which_o case_n the_o price_n of_o wool_n corn_n flesh_n and_o the_o other_o product_n of_o land_n be_v bring_v down_o and_o the_o land_n bear_v the_o great_a part_n of_o the_o loss_n for_o wherever_o the_o consumption_n or_o vent_n of_o any_o commodity_n be_v stop_v there_o the_o stop_n continue_v on_o till_o it_o come_v to_o the_o land-holder_n and_o wherever_o the_o price_n of_o any_o commodity_n begin_v to_o fall_v how_o many_o hand_n soever_o there_o be_v between_o that_o and_o the_o land-holder_n they_o all_o take_v reprisal_n one_o upon_o another_o till_o at_o last_o it_o come_v to_o the_o land-holder_n and_o there_o the_o abatement_n of_o price_n of_o any_o of_o his_o commodity_n lessen_v his_o income_n and_o be_v a_o clear_a loss_n the_o owner_n of_o land_n which_o produce_v the_o commodity_n and_o the_o last_o buyer_n who_o consume_v it_o be_v the_o two_o extreme_n in_o commerce_n and_o though_o the_o fall_n of_o any_o sort_n of_o commodity_n in_o the_o landholder_n hand_n do_v not_o prove_v so_o to_o the_o last_o consumer_n the_o art_n of_o intervening_a broker_n and_o engrosser_n keep_v up_o the_o price_n to_o their_o own_o advantage_n yet_o whenever_o want_n of_o money_n or_o want_v of_o desire_n in_o the_o consumer_n make_v the_o price_n low_a that_o immediate_o reach_v the_o first_o producer_n no_o body_n between_o have_v any_o interest_n to_o keep_v it_o up_o now_o as_o to_o the_o two_o first_o cause_n of_o fall_v of_o rent_n fall_v of_o interest_n have_v no_o influence_n at_o all_o in_o the_o latter_a ●it_n have_v a_o great_a part_n because_o it_o make_v the_o money_n of_o england_n less_o by_o make_v both_o englishman_n and_o foreigner_n withdraw_v or_o withhold_v their_o money_n for_o that_o which_o be_v not_o let_v loose_a into_o trade_n be_v all_o one_o while_o hoard_v up_o as_o if_o it_o be_v not_o in_o be_v i_o have_v hear_v it_o bring_v for_o a_o reason_n why_o interest_n shall_v be_v reduce_v to_o four_o per_fw-mi cent_z that_o thereby_o the_o landholder_n who_o bear_v the_o burden_n of_o the_o public_a charge_n may_v ●e_v in_o some_o degree_n ease_v by_o fall_v of_o interest_n this_o argument_n will_v be_v put_v right_a if_o you_o 〈◊〉_d it_o will_v case_v the_o forrower_n and_o say_v the_o less_o on_o the_o lender_n but_o it_o concern_v not_o the_o land_n in_o general_n unless_o you_o will_v suppose_v all_o land-holders_n in_o debt_n 〈…〉_z we_o may_v yet_o think_v that_o man_n in_o ●●gland_n who_o have_v land_n have_v money_n too_o and_o that_o land_a man_n as_o well_o a●_n other_o by_o their_o providence_n and_o good_a husbandry_n accommodate_v their_o expense_n to_o their_o income_n keep_v themselves_o from_o go_v backward_o in_o the_o world_n that_o which_o be_v urge_v as_o most_o deserve_a consideration_n and_o remedy_n in_o the_o case_n be_v that_o it_o be_v hard_a and_o unreasonable_a that_o one_o who_o have_v mortgage_v half_a his_o land_n shall_v yet_o pay_v tax_n for_o the_o whole_a while_o the_o mortgage_n go_v away_o with_o the_o clear_a profit_n of_o a_o high_a interest_n to_o this_o i_o answer_v 1._o that_o if_o any_o man_n have_v run_v himself_o in_o debt_n for_o the_o service_n of_o his_o country_n it_o be_v fit_a the_o public_a shall_v reimburse_v he_o and_o set_v he_o free_a this_o be_v a_o care_n that_o become_v the_o public_a justice_n that_o man_n if_o they_o receive_v no_o reward_n shall_v at_o least_o be_v keep_v from_o suffer_v in_o have_v serve_v their_o country_n but_o i_o do_v not_o remember_v the_o polity_n of_o any_o nation_n who_o alter_v their_o constitution_n in_o favour_n of_o those_o who_o mismanagement_n have_v bring_v they_o behindhand_o possible_o as_o think_v the_o public_a little_a behold_v to_o those_o who_o have_v misemploy_v the_o stock_n of_o their_o country_n in_o the_o excess_n of_o their_o private_a expense_n and_o by_o their_o example_n spread_v a_o fashion_n that_o carry_v ruin_n with_o it_o man_n pay_v tax_n of_o mortgage_v land_n be_v a_o punishment_n for_o ill-husbandry_n which_o ought_v to_o be_v discourage_v but_o it_o concern_v very_o little_a the_o frugal_a and_o the_o thrifty_a 2._o another_o thing_n to_o be_v say_v in_o reply_n to_o this_o be_v that_o it_o be_v with_o gentleman_n in_o the_o country_n as_o with_o tradesman_n in_o the_o city_n if_o they_o will_v own_o title_n to_o great_a estate_n than_o real_o they_o have_v it_o be_v their_o own_o fault_n and_o there_o be_v no_o way_n leave_v to_o help_v they_o from_o pay_v for_o they_o the_o remedy_n be_v in_o their_o own_o hand_n to_o discharge_v themselves_o when_o they_o please_v and_o when_o they_o have_v once_o sell_v their_o land_n and_o pay_v their_o debt_n they_o will_v no_o long_o pay_v tax_n for_o what_o they_o own_o without_o be_v real_o they_o there_o be_v another_o way_n also_o whereby_o they_o may_v be_v relieve_v as_o well_o as_o a_o great_a many_o other_o inconvenience_n remedy_v and_o that_o be_v by_o a_o registry_n for_o if_o mortgage_n be_v register_v i_o and_o tax_n may_v reach_v they_o and_o order_v the_o lender_n to_o pay_v his_o proportion_n i_o have_v meet_v with_o patron_n of_o four_o per_fw-la cent_z who_o among_o many_o other_o fine_a thing_n they_o tell_v we_o of_o affirm_v that_o if_o interest_n be_v reduce_v to_o four_o per_fw-mi cent_z then_o s●me_v man_n will_v borrow_v money_n at_o this_o low_a rate_n pay_v their_o debt_n other_o will_v borrow_v more_o than_o they_o now_o do_v and_o improve_v their_o land_n other_o will_v borrow_v more_o and_o employ_v it_o in_o trade_n and_o manufacture_n gild_a word_n indeed_o be_v there_o any_o thing_n substantial_a in_o they_o these_o man_n talk_v as_o if_o they_o mean_v to_o show_v we_o not_o only_o the_o wisdom_n but_o riches_n of_o solomon_n and_o make_v gold_n and_o silver_n as_o common_a as_o the_o stone_n in_o the_o street_n but_o at_o last_o i_o fear_v it_o will_v be_v but_o wit_n without_o money_n and_o i_o wish_v it_o amount_v to_o that_o it_o be_v without_o question_n that_o can_v the_o countryman_n and_o the_o tradesman_n take_v up_o money_n cheap_a than_o now_o they_o do_v every_o man_n will_v be_v forward_o to_o borrow_v and_o desire_v that_o he_o may_v have_v other_o man_n money_n to_o employ_v to_o his_o advantage_n and_o therefore_o i_o confess_v those_o who_o contend_v for_o four_o per_fw-la cent_z have_v find_v out_o a_o way_n to_o set_v man_n month_n a_o water_v for_o money_n at_o that_o rate_n and_o to_o increase_v the_o number_n of_o the_o borrower_n in_o england_n if_o any_o body_n can_v imagine_v it_o will_v be_v a_o advantage_n to_o increase_v they_o but_o to_o answer_v all_o their_o fine_a project_n i_o have_v but_o this_o one_o short_a question_n to_o ask_v they_o will_v four_o per_fw-mi cent_z increase_v the_o number_n of_o the_o lender_n if_o it_o will_v not_o as_o any_o man_n at_o the_o very_a first_o hear_n will_v shrewd_o suspect_v it_o will_v not_o than_o all_o the_o plenty_n of_o money_n these_o conjurer_n bestow_v upon_o we_o for_o improvement_n of_o land_n pay_v of_o debt_n and_o advancement_n of_o trade_n be_v but_o like_o the_o gold_n and_o silver_n which_o old_a woman_n believe_v other_o conjurer_n bestow_v sometime_o by_o whole_a lapful_n on_o poor_a credulous_a girl_n which_o when_o they_o bring_v to_o the_o light_n be_v find_v to_o be_v nothing_o but_o wither_a leave_n and_o the_o possessor_n of_o it_o be_v still_o as_o much_o in_o want_n of_o money_n as_o ever_o indeed_o i_o grant_v it_o will_v be_v well_o for_o england_n and_o i_o wish_v it_o be_v so_o that_o the_o plenty_n of_o money_n be_v so_o great_a among_o we_o that_o every_o man_n can_v borrow_v as_o much_o as_o he_o can_v use_v in_o trade_n for_o four_o per_fw-mi cent_z nay_o that_o man_n can_v borrow_v as_o much_o as_o they_o can_v employ_v for_o six_o per_fw-la cent._n but_o even_o at_o that_o rate_n the_o borrower_n already_o be_v far_o more_o than_o the_o lender_n why_o else_o do_v the_o merchant_n upon_o occasion_n pay_v six_o per_fw-la cent_z and_o often_o above_o that_o rate_n for_o brokage_n and_o why_o do_v the_o country_n gentleman_n of_o 1000_o l._n per_fw-la annum_fw-la find_v
tax_n lay_v upon_o it_o make_v people_n less_o forward_o to_o buy_v must_v either_o have_v his_o rent_n abate_v or_o else_o break_v and_o run_v away_o in_o his_o landlord_n debt_n and_o so_o the_o yearly_a value_n of_o the_o land_n be_v bring_v down_o and_o who_o then_o pay_v the_o tax_n at_o the_o year_n end_n but_o the_o landlord_n when_o the_o tenant_n not_o able_a to_o raise_v his_o rent_n by_o his_o commodity_n either_o run_v away_o in_o his_o landlord_n debt_n or_o can_v be_v continue_v in_o the_o farm_n without_o abatement_n of_o rent_n for_o when_o the_o yearly_a charge_n in_o his_o farm_n be_v great_a by_o the_o increase_n of_o the_o labourer_n wage_n and_o yet_o his_o product_n sell_v ●ea●er_n by_o reason_n of_o the_o tax_n lay_v on_o his_o commodity_n how_o will_v the_o farmer_n be_v able_a to_o make_v up_o his_o rent_n at_o quarter_n day_n for_o this_o may_v be_v worth_a our_o notice_n that_o any_o tax_v lay_v on_o foreign_a commodity_n in_o england_n raise_v its_o price_n and_o make_v the_o importer_n get_v more_o for_o his_o commodity_n but_o on_o the_o contrary_a a_o tax_n lay_v on_o your_o native_a product_n and_o home_n make_v commodity_n lessen_v their_o price_n and_o make_v they_o yield_v less_o to_o the_o first_o seller_n the_o reason_n whereof_o be_v plain_a for_o the_o merchant_n import_v no_o commodity_n but_o what_o the_o necessity_n or_o fashionable_a wantonness_n of_o your_o people_n give_v he_o vent_v for_o will_v not_o only_o proportion_v his_o gain_n to_o the_o cost_n and_o risque_n he_o have_v be_v at_o before_o land_v but_o will_v expect_v profit_n of_o his_o money_n pay_v here_o for_o any_o tax_n lay_v on_o it_o and_o take_v advantage_n from_o thence_o to_o raise_v his_o price_n above_o what_o his_o tax_n come_v to_o and_o if_o he_o can_v do_v that_o he_o will_v trade_n no_o more_o in_o that_o commodity_n for_o it_o be_v not_o the_o product_n of_o his_o farm_n he_o be_v not_o tie_v to_o bring_v it_o to_o market_n if_o he_o find_v its_o price_n not_o answer_v his_o expectation_n there_o but_o turn_v himself_o to_o other_o ware_n which_o he_o find_v your_o market_n take_v off_o better_o a_o merchant_n will_v never_o continue_v to_o trade_n in_o ware_n which_o the_o change_n of_o fashion_n or_o humour_n among_o your_o people_n have_v make_v less_o vendible_a though_o he_o may_v be_v sometime_o catch_v by_o a_o sudden_a alteration_n but_o that_o seldom_o happen_v in_o the_o course_n of_o trade_n so_o as_o to_o influence_n the_o great_a bulk_n of_o it_o for_o thing_n of_o necessity_n must_v still_o be_v have_v and_o thing_n of_o fashion_n will_v be_v have_v as_o long_o as_o man_n have_v money_n or_o credit_n whatever_o rate_v they_o cost_v and_o the_o rather_o because_o they_o be_v dear_a for_o it_o be_v vanity_n not_o use_v that_o make_v the_o expensive_a fashion_n of_o your_o people_n the_o emulation_n be_v who_o shall_v have_v the_o fine_a that_o be_v the_o dear_a thing_n not_o the_o most_o convenient_a or_o useful_a how_o many_o thing_n do_v we_o value_v and_o buy_v because_o they_o come_v at_o dear_a rate_n from_o japan_n and_o china_n which_o if_o they_o be_v our_o own_o manufacture_n or_o product_n to_o be_v have_v common_a and_o for_o a_o little_a money_n will_v be_v contemn_v and_o neglect_v have_v not_o several_a of_o our_o own_o commodity_n offer_v to_o sale_n at_o reasonable_a rate_n be_v despise_v and_o the_o very_a same_o eager_o buy_v and_o brag_v of_o when_o sell_v for_o french_a at_o a_o double_a price_n you_o must_v not_o think_v therefore_o that_o the_o raise_v their_o price_n will_v lessen_v the_o vent_n of_o fashionable_a foreign_a commodity_n among_o you_o as_o long_o as_o man_n have_v any_o way_n to_o purchase_v they_o but_o rather_o increase_v it_o french_a wine_n be_v become_v a_o modish_n drink_v among_o we_o and_o a_o man_n be_v ashamed_a to_o entertain_v his_o friend_n or_o almost_o to_o dine_v himself_o without_o it_o the_o price_n be_v in_o the_o memory_n of_o man_n raise_v from_o 6_o d._n to_o 2_o s._n and_o do_v this_o hinder_v the_o drink_n of_o it_o no_o the_o quite_o contrary_a a_o man_n way_n of_o live_v be_v commend_v because_o he_o will_v give_v any_o rate_n for_o it_o and_o a_o man_n will_v give_v any_o rate_n rather_o than_o pass_v for_o a_o poor_a wretch_n or_o penurious_a curmudgeon_n that_o be_v not_o able_a or_o know_v not_o how_o to_o live_v well_o nor_o use_v his_o friend_n civil_o fashion_n be_v for_o the_o most_o part_n nothing_o but_o the_o ostentation_n of_o riches_n and_o therefore_o the_o high_a price_n of_o what_o serve_v to_o that_o rather_o increase_v than_o lessen_v its_o vent_n the_o contest_v and_o glory_n be_v in_o the_o expense_n not_o the_o usefulness_n of_o it_o and_o people_n be_v then_o think_v and_o say_v to_o live_v well_o when_o they_o can_v make_v a_o show_n of_o rare_a and_o foreign_a thing_n and_o such_o as_o their_o neighbour_n can_v go_v to_o the_o price_n of_o thus_o we_o see_v how_o foreign_a commodity_n fall_v not_o in_o their_o price_n by_o tax_n lay_v on_o they_o because_o the_o merchant_n be_v not_o necessitate_v to_o bring_v to_o your_o market_n any_o but_o fashionable_a commodity_n and_o those_o go_v off_o the_o better_a for_o their_o high_a rate_n but_o on_o the_o contrary_a your_o land_n 〈◊〉_d be_v force_v to_o bring_v his_o commodity_n to_o market_n such_o as_o his_o land_n and_o industry_n afford_v they_o common_a and_o know_v thing_n must_v sell_v they_o there_o at_o such_o price_n as_o he_o can_v get_v this_o the_o buyer_n know_v and_o these_o homebred_a commodity_n be_v seldom_o the_o favourite_n of_o your_o people_n or_o any_o far_a acceptable_a than_o as_o great_a conveniency_n recommend_v they_o to_o the_o vulgar_a or_o downright_a necessity_n to_o all_o as_o soon_o as_o a_o tax_n be_v lay_v on_o they_o every_o one_o make_v as_o spare_v a_o use_n of_o they_o as_o he_o can_v that_o he_o may_v save_v his_o money_n for_o other_o necessary_a or_o creditable_a expense_n whereby_o the_o price_n they_o yield_v the_o first_o seller_n be_v mighty_o abate_v and_o so_o the_o yearly_a value_n of_o the_o land_n which_o produce_v they_o lessen_v too_o if_o therefore_o the_o lay_n of_o tax_n upon_o commodity_n do_v as_o it_o be_v evident_a affect_v the_o land_n that_o be_v out_o at_o rack-rent_a it_o be_v plain_a it_o do_v equal_o affect_v all_o the_o other_o land_n in_o england_n too_o and_o the_o gent●_n will_v but_o the_o worst_a way_n increase_v their_o own_o charge_n that_o be_v by_o lessen_v thei●_n yearly_o value_v of_o their_o estate_n if_o they_o hope_v to_o ease_v their_o land_n by_o charge_v commodity_n it_o be_v in_o vain_a in_o a_o country_n who_o great_a fund_z be_v land●_n to_o hope_v to_o lay_v the_o public_a charge_n of_o the_o government_n on_o any_o thing_n else_o there_o at_o last_o it_o will_v terminate_v the_o merchant_n do_v what_o you_o can_v will_v not_o bear_v it_o the_o labourer_n can_v and_o therefore_o the_o landholder_n must_v and_o whether_o he_o be_v best_o do_v it_o by_o lay_v it_o direct_o where_o it_o will_v at_o last_o settle_v or_o by_o let_v it_o come_v to_o he_o by_o the_o sink_n of_o his_o rent_n which_o when_o they_o be_v once_o fall_v every_o one_o know_v be_v not_o easy_o raise_v again_o let_v he_o consider_v holland_n be_v bring_v as_o a_o instance_n of_o lay_v the_o charge_n of_o the_o public_a upon_o trade_n and_o it_o be_v possible_a except_v some_o few_o small_a free_a town_n the_o only_a place_n in_o the_o world_n that_o can_v be_v bring_v to_o favour_v this_o way_n but_o yet_o when_o examine_v will_v be_v find_v to_o show_v the_o quite_o contrary_a and_o be_v a_o clear_a proof_n that_o lie_v the_o tax_n how_o you_o will_v land_n every_o where_o in_o proportion_n bear_v the_o great_a share_n of_o the_o burden_n the_o public_a charge_n of_o the_o government_n be_v it_o be_v say_v in_o the_o unite_a province_n lay_v on_o trade_n i_o grant_v it_o be_v the_o great_a part_n of_o it_o but_o be_v the_o land_n excuse_v or_o ease_v by_o it_o by_o no_o mean_n but_o on_o the_o contrary_a so_o load_v that_o in_o many_o place_n ½_o in_o other_o ¼_n in_o other_o 1_o ●_o of_o the_o yearly_o value_n do_v not_o come_v in_o to_o the_o owner_n pocket_n and_o if_o i_o have_v not_o be_v misinform_v the_o land_n in_o some_o place_n will_v not_o pay_v the_o tax_n so_o that_o we_o may_v say_v that_o the_o charge_n of_o the_o government_n come_v not_o upon_o commodity_n till_o the_o land_n can_v not_o bear_v it_o the_o burden_n unavoidable_o settle_v upon_o the_o land_n first_o and_o when_o it_o have_v press_v it_o so_o that_o it_o can_v yield_v no_o more_o trade_n must_v be_v bring_v
otherwise_o to_o employ_v their_o money_n accept_v his_o term_n and_o change_v their_o obligation_n into_o 4_o per_fw-la cent._n whereas_o before_o they_o be_v at_o 5._o and_o so_o the_o great_a loan_n of_o the_o country_n be_v to_o the_o state_n it_o may_v be_v say_v in_o this_o sense_n that_o the_o rate_n of_o interest_n be_v reduce_v low_a at_o that_o time_n but_o that_o it_o be_v do_v by_o a_o law_n forbid_v to_o take_v high_a interest_n that_o 4_o per_fw-la cent._n that_o i_o deny_v and_o require_v any_o one_o to_o show_v indeed_o upon_o good_a security_n one_o may_v late_o have_v borrow_v money_n in_o holland_n at_o 3_o and_o 3_o ½_o per_fw-la cent._n but_o not_o by_o virtue_n of_o any_o law_n but_o the_o natural_a rate_n of_o interest_n and_o i_o appeal_v to_o the_o man_n learn_v in_o the_o law_n of_o holland_n whether_o last_o year_n and_o i_o doubt_v not_o but_o it_o be_v so_o still_o a_o man_n may_v not_o lawful_o lend_v his_o money_n for_o what_o interest_n he_o can_v get_v and_o whether_o in_o the_o court_v he_o shall_v not_o recover_v the_o interest_n he_o contract_v for_o if_o it_o be_v 10_o per_fw-la cent._n so_o that_o if_o money_n be_v to_o be_v borrow_v by_o honest_a and_o responsible_a man_n at_z 3_o or_o 3_o ½_o per_fw-la cent._n it_o be_v not_o by_o the_o force_n of_o statute_n and_o edict_n but_o the_o natural_a course_n of_o thing_n which_o will_v always_o bring_v interest_n upon_o good_a security_n low_a where_o there_o be_v a_o great_a deal_n of_o money_n to_o be_v lend_v and_o little_a good_a security_n in_o proportion_n to_o be_v have_v holland_n be_v a_o country_n where_o the_o land_n make_v a_o very_a little_a part_n of_o the_o stock_n of_o the_o country_n trade_n be_v their_o great_a fund_z and_o their_o estate_n lie_v general_o in_o money_n so_o that_o all_o who_o be_v not_o trader_n general_o speak_v be_v lender_n of_o which_o there_o be_v so_o many_o who_o income_n depend_v upon_o interest_n that_o if_o the_o state_n be_v not_o mighty_o in_o debt_n but_o pay_v every_o one_o their_o principal_a instead_o of_o the_o 4_o per_fw-la cent._n use_v which_o they_o give_v there_o will_v be_v so_o much_o more_o money_n than_o can_v be_v use_v or_o will_v be_v venture_v in_o trade_n that_o money_n there_o will_v be_v at_o 2_o per_fw-la cent._n or_o under_o unless_o they_o find_v a_o way_n to_o put_v it_o out_o in_o foreign_a country_n interest_n i_o grant_v these_o man_n be_v low_a in_o holland_n but_o not_o as_o a_o effect_n of_o law_n nor_o the_o politic_a contrivance_n of_o the_o government_n to_o promote_v trade_n but_o as_o the_o consequence_n of_o great_a plenty_n of_o ready_a money_n when_o their_o interest_n first_o fall_v i_o say_v when_o it_o first_o fall_v for_o be_v once_o bring_v low_a and_o the_o public_a have_v borrow_v a_o great_a part_n of_o private_a man_n money_n and_o continue_v in_o debt_n it_o must_v continue_v so_o though_o the_o plenty_n of_o money_n which_o first_o bring_v interest_n low_a be_v very_o much_o decay_v and_o a_o great_a part_n of_o their_o wealth_n be_v real_o go_v for_o the_o debt_n of_o the_o state_n afford_v to_o the_o creditor_n a_o constant_a yearly_a income_n that_o be_v look_v on_o as_o a_o safe_a revenue_n and_o account_v as_o valuable_a as_o if_o it_o be_v in_o land_n and_o according_o they_o buy_v it_o one_o of_o another_o and_o whether_o there_o be_v any_o money_n in_o the_o public_a coffer_n or_o no_o he_o who_o have_v 10000_o l._n owe_v he_o from_o the_o state_n may_v sell_v it_o every_o day_n in_o the_o week_n and_o have_v ready_a money_n for_o it_o this_o credit_n be_v so_o great_a a_o advantage_n to_o private_a man_n who_o know_v not_o else_o what_o to_o do_v with_o their_o stock_n that_o be_v the_o state_n now_o in_o a_o condition_n to_o begin_v to_o pay_v their_o debt_n the_o creditor_n rather_o than_o take_v their_o money_n out_o to_o lie_v dead_a by_o they_o will_v let_v it_o stay_v in_o at_o low_a interest_n as_o they_o do_v some_o year_n since_o when_o they_o be_v call_v on_o to_o come_v and_o receive_v their_o money_n this_o be_v the_o state_n of_o interest_n in_o holland_n their_o plenty_n of_o money_n and_o pay_v their_o public_a debt_n some_o time_n since_o lower_v their_o interest_n but_o it_o be_v not_o by_o law_n nor_o in_o consequence_n of_o our_o reduce_v it_o here_o by_o law_n to_o 6_o per_fw-la cent._n for_o i_o deny_v that_o there_o be_v any_o law_n there_o yet_o to_o forbid_v lend_v of_o money_n for_o above_o 3_o or_o 6_o or_o 10_o per_fw-la cent._n what_o ever_o some_o here_o suggest_v every_o one_o there_o may_v hire_v out_o his_o money_n as_o free_o as_o he_o do_v any_o thing_n else_o for_o what_o rate_n he_o can_v get_v and_o the_o bargain_n be_v make_v the_o law_n will_v enforce_v the_o borrower_n to_o pay_v it_o i_o grant_v low_a interest_n where_o all_o man_n consent_v to_o it_o be_v a_o advantage_n to_o trade_n if_o merchant_n will_v regulate_v their_o gain_n according_o and_o man_n be_v persuade_v to_o lend_v to_o they_o but_o can_v it_o be_v expect_v when_o the_o public_a give_v 7_o 8_o or_o 10_o per_fw-la cent._n that_o private_a man_n who_o security_n be_v certain_o no_o better_o shall_v have_v it_o for_o 4_o and_o can_v there_o be_v any_o thing_n stranger_n than_o that_o the_o same_o man_n who_o look_v on_o and_o therefore_o allow_v high_a use_n as_o a_o encouragement_n to_o lend_v to_o the_o chequer_n shall_v think_v low_a use_n shall_v bring_v money_n into_o trade_n the_o state_n of_o holland_n some_o few_o year_n since_o pay_v but_o 4_o l._n per_fw-la cent._n for_o the_o money_n they_o owe_v if_o you_o propose_v they_o for_o a_o example_n and_o interest_n be_v to_o be_v regulate_v by_o a_o law_n try_v whether_o you_o can_v do_v so_o here_o and_o bring_v man_n to_o lend_v it_o to_o the_o public_a at_o that_o rate_n this_o will_v be_v a_o benefit_n to_o the_o kingdom_n and_o abate_v a_o great_a part_n of_o our_o public_a charge_n if_o you_o can_v confess_v that_o it_o be_v not_o the_o law_n in_o holland_n have_v bring_v the_o interest_n there_o so_o low_a but_o something_o else_o and_o that_o which_o will_v make_v the_o state_n or_o any_o body_n else_o pay_v dear_a now_o if_o either_o their_o credit_n be_v less_o or_o money_n there_o scarce_a a_o infallible_a sign_n of_o your_o decay_n of_o wealth_n be_v the_o fall_n of_o rent●_n and_o the_o raise_n of_o they_o will_v be_v worth_a the_o nation_n care_v for_o in_o that_o and_o not_o in_o the_o fall_n of_o interest_n lie_v the_o true_a advantage_n of_o the_o land_a man_n and_o with_o he_o of_o the_o public_a it_o may_v be_v therefore_o not_o beside_o our_o present_a business_n to_o inquire_v into_o the_o cause_n of_o the_o fall_n of_o rent_n in_o england_n 1._o either_o the_o land_n be_v grow_v barrenner_n and_o so_o the_o product_n be_v less_o and_o consequent_o the_o money_n to_o be_v receive_v for_o that_o product_n be_v less_o for_o it_o be_v evident_a that_o he_o who_o land_n be_v wont_a to_o produce_v 100_o bushel_n of_o wheat_n communibus_fw-la annis_fw-la if_o by_o long_a tillage_n and_o bad_a husbandry_n it_o will_v now_o produce_v but_o 50_o bushel_n the_o rent_n will_v be_v abate_v half_o but_o this_o can_v be_v suppose_v general_n 2._o or_o the_o rent_n of_o that_o land_n be_v lessen_v 1._o because_o the_o use_n of_o the_o commodity_n cease_v as_o the_o rent_n must_v fall_v in_o virginia_n be_v take_v of_o tobacco_n forbid_v in_o england_n 2._o or_o because_o something_o else_o supply_v the_o room_n of_o that_o product_n as_o the_o rate_n of_o copis-land_n will_v fall_v upon_o the_o discovery_n of_o coal_n mine_n 3._o or_o because_o the_o market_n be_v supply_v with_o the_o same_o commodity_n cheap_a from_o another_o place_n as_o the_o breed_n country_n of_o england_n must_v needs_o fall_v their_o rent_n by_o the_o importation_n of_o irish_a cattle_n 4._o or_o because_o a_o tax_n lay_v on_o your_o native_a commodity_n make_v what_o the_o farmer_n sell_v cheap_a and_o labour_n and_o what_o he_o buy_v dear_a 3._o or_o the_o money_n in_o the_o country_n be_v less_o for_o the_o exigency_n and_o use_n of_o money_n not_o lessen_v with_o its_o quantity_n and_o it_o be_v in_o the_o same_o proportion_n to_o be_v employ_v and_o distribute_v still_o in_o all_o the_o part_n of_o its_o circulation_n so_o much_o as_o its_o quantity_n be_v lessen_v so_o much_o must_v the_o share_n of_o every_o one_o that_o have_v a_o right_a to_o this_o money_n be_v the_o less_o whether_o he_o be_v landholder_n for_o his_o good_n or_o labourer_n for_o his_o hire_n or_o merchant_n for_o his_o brokage_n though_o the_o land-holder_n usual_o find_v