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A35409 Plain English in a familiar conference betwixt three friends, Rusticus, Civis, and Veridicus, concerning the deadness of our markets : offer'd as an expedient to serious consideration, and for the general good of gentry and commons. Culpeper, Thomas, Sir, 1626-1697. 1673 (1673) Wing C7561; ESTC R24899 15,515 24

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can you herein tax me with it there being as well a personal as a local difference in the Case For as one Horse of the same size will sooner bring Ten Pounds than an●ther Five one Farmers Corn is better worth five Shillings than his Neighbours four So one Servant Labourer or Artificer may well deserve double the Wages that another doth in the same Place C. Somewhat I 'm confident might and would be done in 't V. Truly nothing at all but regulate Interest and let Nature work For let us reflect on our former Laws of this nature What have they signified And consider our late Act for the Militia which assigns twelve Pence a day as a general and standing Hire for those that serve with other mens Arms How hath it been observ'd C. The greater Fault somewhere V. 'T is in the very nature of Wages which are so variable that perhaps the same Rate being but half Pay in Countreys near London proves double Hire in the remoter Parts of England C. If there be no other Redress for Wages A Fig for all other Expedients V. Wages are Money And therefore in abating Money you vertually abate Wages You reduce six to Four Pounds a year of real Value and consequently eighteen Pence to twelve Pence a day But this is not all it hath a double Edge for in raising the Price of Land it ipsa facto quickens and raises all other Markets and so subdues Idleness of course without noise Servants and Workmen being ever noted to be tractable enough when Provisions bear a Price C. Nay If you have no better way to curb their Insolence and Exaction we must bid Adieu to Trade V. The corrupting of the People is a certain and genuine Effect of embasing the Land for 't is one and the same Mischief which oppresses Masters and debauches Servants viz Cheapness without Plenty C. Cheapness without Plenty Troath I ever took them for the same thing V. 'T was a plain Mistake For I assure you they are vastly different C. Do you not take our present Plenty for a singular Blessing V. Such Plenty is nothing else throughout but the pampering of Sloath by starving of Industry C. Well 't were a strange Abuse if Cheapness should highten Wages V. 'T were a Miracle if it should not here For why should we suppose that any subsisting with ease and no way depending will work or serve but on their own terms C. But how can Wages rise or indeed hold in the Countrey Tillage so much declining R. 'T were indeed as broad as 't is long could our Charges be apportioned to our Prices If you Artisans and men of Profession could but comply with our Rents we should never complain No 't is their Encroachment concurrent with the failing of our Markets which mortally wounds us V. To say the Truth 't is the Growth and Grandeur of London which thus imposes on our drooping Tillage and Manufacture to their Undoing C. Are you bound to imitate our Follies V. The Contagion is unavoidable For how should those at least in the adjacent Countreys expect to regulate their Wages whilst you in the City are continually raising yours as you must and indeed may well afford though we cannot without Ruine C. Cheapness without Plenty with your Pardon founds odly Whence I pray should it proceed V. From this capital Inconvenience That in a necessitous time the Measure of selling is not the Worth or Cost of the Commodity sold but the Sellers Exigence C. A special Maxime For how is the Value of any thing known but in the Sale V. Have you never observed How one that is clouded sells a fair Jewel or a goodly Lordship C. You will not I hope frame a general Rule from a particular Case V. But by private Distresses we may much more judge of publick necessities Borrowers and Sellers I assure you now live under one unkind Planet the Seller being no less a Servant to the Buyer than the Borrower is to the Lender R. Indeed 't is generally noted That most men now adays either borrow to shun the Precipice of Selling or sell to avoid the Gulf of Borrowing So that all things follow the Measures of Land and dance with it to the Usurers Pipe onely the Fate of borrowing commonly lights heavier on the Landlords that of Selling lights on poor Tenants and Artisans most V. To speak freely What can we judge of our present Trafique manag'd at such an uneasie Rate of Interest But that much of it is excessive Usury turn'd the wrong side outwards Nay the Trading Extortion perhaps bites hardest of any For Creditors seem confin'd by Law whilst Chapmen methinks know no bounds And Sellers having generally less command of Credit than Borrowers are therefore more expos'd to Extremities C. To me you talk Hebrew V. There is certainly an Evil though secret ferment in the oppressive Rate of Usury which in effect poysons all our Commerce one Vein or Exigence and Extortion running through out C. Do you take all Sellers to be Bankrupts V. The greatet part to be sure are now necessitous And that 's enough to marr the Market C. To what Cause will you impute this state of necessity V. Alas The Ground-work was laid in the Impoverishment of our Gentry by the late War though since notoriously amplified by a double grievance obvious enough viz. the unequal Rate of our Interest in respect of forraign Trade and that of Taxes among our selves which methinks have fairly built upon that Foundation V. 'T would make a sick man smile to hear some fore-handed Gentlemen as we call them how scornfully they defie borrowing when already most of them pay Interest and Brokage too with a Vengeance C. Can they pay Interest then without borrowing V. Whoever now hath Rents to receive Lands to let Corn or Stock to vend must look to drink deep of that Cup whilst Interest runs higher with us than with our trading Neighbours and Land alone undergoes in effect all publick Burthens C. It 's a payment God be thanked they feel not R. Just thus for all the world do many of our wise Landlords slight our Rates for the poor and other Duties charged on Land because forsooth they immediately light on the Tenant V. Faith this is a melancholy subject for as matters now goe I see not how any thing but extream Scarcity can yield the Farmer a tolerable and saving price for his Grain And where do you think that must end R. In all likelihood such a Discouragement and Disabling of our Tillage must produce a dangerous Dearth whenever it pleases God to send ill Seasons or Harvests which after so many kindly years we may now of course expect C. I wish that were our greatest Danger V. Flatter not your self Cheapness and Dearth are nearer akin than you dream the Cheapness of Commodity proceeding mostly from the Dearth of current Money as that again doth from the mean Value of Land Our Chronicle tells us That in