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Word A Word B Word C Word D Occurrence Frequency Band MI MI Band Prominent
england_n act_n great_a parliament_n 3,586 5 6.2777 4 false
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ID Title Author Corrected Date of Publication (TCP Date of Publication) STC Words Pages
A29540 A discourse on the late funds of the Million-act, and Bank of England shewing that they are injurious to the nobility and gentry, and ruinous to the trade of the nation : together with proposals for the supplying Their Majesties with money on easy terms, exempting the nobility, gentry &c. from taxes, enlarging their yearly estates, and enriching all the subjects in the kingdom ... / by J.B. Briscoe, John, fl. 1695. 1694 (1694) Wing B4745; ESTC R25299 46,507 61

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give_v to_o the_o contributor_n to_o the_o late_a fund_n which_o be_v in_o effect_n a_o create_v a_o new_a sort_n of_o purchase_n much_o more_o advantageous_a than_o land_n will_v certain_o bring_v land_n to_o 12_o or_o 14_o year_n purchase_v if_o not_o less_o for_o man_n will_v hardly_o be_v prevail_v with_o to_o keep_v much_o less_o to_o purchase_v estate_n in_o land_n by_o which_o they_o can_v have_v 4_o l._n per_fw-la cent._n per_fw-la annum_fw-la for_o their_o money_n when_o they_o can_v buy_v a_o perpetual_a rent-charge_n on_o the_o crown_n as_o in_o the_o bank_n of_o england_n which_o will_v bring_v they_o in_o above_o 8_o l._n per_fw-la cent._n per_fw-la annum_fw-la clear_a of_o all_o tax_n beside_o the_o other_o propose_v advantage_n for_o admit_v any_o person_n have_v 50_o l._n per_fw-la annum_fw-la estate_n in_o land_n the_o tax_n of_o 4_o s._n in_o the_o pound_n charge_n for_o find_v arm_n trophy-money_n etc._n etc._n swallow_v up_o 11_o or_o 12_o l._n per_fw-la annum_fw-la by_o which_o mean_v the_o owner_n have_v not_o above_o 38_o or_o 39_o l._n per_fw-la annum_fw-la at_o most_o clear_a to_o himself_o if_o therefore_o he_o sell_v his_o land_n but_o at_o 12_o year_n purchase_v it_o will_v yield_v he_o 600_o l._n with_o which_o he_o may_v purchase_v 50_o l._n per_fw-la annum_fw-la in_o the_o bank_n free_a of_o all_o tax_n which_o be_v 11_o or_o 12_o l._n per_fw-la annum_fw-la more_o than_o he_o can_v receive_v out_o of_o his_o estate_n during_o the_o war_n and_o as_o much_o as_o his_o estate_n will_v bring_v he_o in_o in_o time_n of_o peace_n beside_o his_o interest_n in_o the_o aforementioned_a advantage_n and_o who_o will_v not_o choose_v to_o have_v the_o bank-bill_n rather_o than_o land_n at_o 20_o year_n purchase_v if_o they_o go_v current_n with_o 3_o l._n per_fw-la cent_n per_fw-la annum_fw-la interest_n which_o be_v almost_o as_o much_o as_o his_o land_n will_v bring_v he_o in_o the_o bank-bill_n be_v so_o much_o more_o preferable_a than_o land_n as_o they_o be_v always_o as_o so_o much_o ready_a money_n by_o a_o man_n to_o answer_v any_o present_a occasion_n while_o the_o land_n like_o a_o drug_n lie_v on_o his_o hand_n upon_o which_o he_o be_v not_o able_a to_o raise_v half_o the_o value_n unless_o he_o sell_v it_o outright_o which_o he_o can_v do_v without_o great_a expense_n of_o time_n and_o money_n in_o examine_v title_n draw_v conveyance_n levy_v fine_n etc._n etc._n far_o better_a have_v it_o be_v for_o the_o gentleman_n who_o estate_n be_v in_o land_n to_o have_v pay_v half_a their_o yearly_a income_n in_o tax_n since_o that_o will_v have_v pinch_v they_o only_o for_o the_o present_a during_o the_o war_n and_o by_o retrench_v their_o expense_n they_o may_v have_v preserve_v their_o estate_n which_o if_o notwithstanding_o they_o have_v be_v necessitate_v to_o sell_v they_o may_v have_v have_v as_o many_o year_n purchase_v within_o a_o year_n or_o two_o as_o they_o can_v have_v have_v before_o the_o tax_n be_v lay_v upon_o they_o the_o purchaser_n know_v these_o tax_n will_v not_o last_v always_o but_o now_o perpetual_a rent-charge_n if_o i_o may_v so_o call_v they_o be_v to_o be_v buy_v so_o far_o more_o advantageous_a than_o land_n and_o the_o bank-bill_n be_v so_o profitable_a and_o for_o the_o reason_n aforesaid_a more_o eligible_a than_o land_n it_o can_v be_v expect_v if_o the_o war_n be_v end_v that_o land_n shall_v sell_v for_o 18_o much_o less_o for_o 20_o year_n purchase_v when_o a_o man_n at_o the_o same_o time_n may_v buy_v a_o perpetual_a income_n from_o the_o crown_n free_a from_o tax_n for_o 12_o year_n purchase_v object_n but_o it_o may_v be_v object_v that_o there_o be_v not_o any_o estate_n in_o land_n to_o be_v sell_v at_o such_o low_a rate_n as_o 12_o or_o 14_o year_n purchase_v as_o have_v be_v suggest_v answ_n i_o grant_v it_o for_o though_o there_o be_v many_o estate_n to_o be_v sell_v and_o never_o more_o than_o at_o this_o time_n those_o who_o have_v lend_v money_n upon_o gentleman_n estate_n call_v it_o in_o to_o advance_v upon_o some_o of_o these_o late_a fund_n yet_o person_n be_v very_o loath_a to_o part_v with_o their_o estate_n at_o a_o undervalue_n though_o part_n with_o they_o they_o must_v such_o who_o estate_n be_v in_o mortgage_n and_o if_o they_o can_v sell_v their_o estate_n for_o what_o they_o will_v they_o must_v sell_v they_o for_o what_o they_o can_v get_v or_o else_o must_v expect_v to_o be_v eject_v or_o bar_v of_o the_o equity_n of_o redemption_n beside_o these_o fund_n be_v as_o yet_o but_o novelty_n every_o one_o be_v not_o ready_a to_o embark_v in_o they_o but_o when_o people_n once_o find_v that_o when_o they_o go_v to_o the_o exchequer_n or_o to_o the_o bank_n they_o have_v their_o annuity_n or_o interest-money_n pay_v they_o punctual_o every_o half_a year_n upon_o demand_n without_o any_o far_a trouble_v or_o defalcation_n for_o tax_n it_o will_v quick_o cause_v they_o to_o disesteem_a land_n with_o which_o they_o meet_v with_o so_o much_o trouble_v and_o upon_o which_o be_v so_o may_v tax_n and_o therefore_o it_o be_v not_o rational_a to_o take_v our_o measure_n from_o the_o present_a value_n of_o land_n but_o rather_o from_o the_o value_n we_o may_v reasonable_o suppose_v land_n will_v come_v to_o be_v sell_v for_o when_o gentleman_n who_o estate_n be_v mortgage_v be_v under_o a_o force_n and_o absolute_a necessity_n of_o sell_v their_o estate_n and_o when_o person_n be_v a_o little_a better_o acquaint_v with_o and_o reconcile_v to_o these_o new_a sort_n of_o purchase_n object_n i_o shall_v answer_v one_o objection_n more_o no_o less_o frivolous_a than_o common_a viz._n that_o the_o money_n pay_v in_o on_o these_o fund_n will_v circulate_v answ_n i_o grant_v it_o do_v circulate_a for_o money_n be_v make_v to_o pass_v from_o one_o to_o another_o in_o payment_n but_o do_v it_o circulate_a into_o the_o tradesman_n stock_n again_o out_o of_o which_o it_o be_v take_v so_o as_o to_o enable_v he_o to_o drive_v as_o great_a a_o trade_n as_o former_o before_o he_o lessen_v his_o stock_n by_o advance_v his_o money_n upon_o these_o fund_n be_v the_o poor_a trader_n relieve_v thereby_o who_o be_v force_v to_o draw_v his_o money_n out_o of_o his_o trade_n to_o satisfy_v his_o creditor_n be_v the_o gentleman_n who_o estate_n be_v mortgage_v any_o thing_n the_o better_a for_o this_o circulation_n or_o be_v the_o interest_n of_o money_n lower_v thereby_o or_o do_v it_o not_o rather_o in_o time_n circulate_a into_o the_o pocket_n it_o come_v out_o of_o as_o i_o have_v already_o show_v it_o do_v much_o may_v be_v say_v of_o the_o bank_n of_o england_n in_o particular_a as_o they_o be_v a_o body_n of_o man_n incorporate_v by_o their_o majesty_n and_o confirm_v by_o parliament_n and_o i_o can_v but_o take_v notice_n of_o the_o prudent_a foresight_n of_o our_o legislator_n who_o wise_o provide_v against_o the_o danger_n of_o create_v so_o great_a a_o body_n without_o fit_a bound_n and_o limitation_n and_o do_v therefore_o prohibit_v the_o bank_n to_o buy_v sell_v or_o trade_n in_o any_o good_n or_o merchandise_n that_o so_o the_o subject_n may_v not_o be_v oppress_v by_o their_o monopolise_n with_o their_o command_a stock_n but_o yet_o i_o find_v they_o be_v enable_v to_o purchase_v and_o enjoy_v to_o they_o and_o their_o successor_n land_n rent_n tenement_n and_o hereditament_n of_o what_o nature_n or_o quality_n soever_o crown-land_n except_v without_o any_o such_o limitation_n as_o be_v usual_a in_o other_o charter_n and_o if_o by_o the_o statute_n of_o mortmain_n 15_o rich._n 2._o all_o petty_a corporation_n of_o city_n town_n or_o borough_n which_o have_v a_o perpetual_a commonalty_n be_v prohibit_v to_o purchase_v land_n because_o they_o have_v perpetual_a succession_n i_o doubt_v not_o but_o the_o parliament_n if_o they_o shall_v think_v fit_a to_o continue_v the_o corporation_n of_o the_o bank_n for_o a_o long_a time_n than_o eleven_o year_n will_v be_v please_v to_o put_v they_o under_o some_o limitation_n in_o respect_n of_o purchase_n for_o suppose_v this_o bank_n have_v never_o no_o other_o fund_z or_o revenue_n settle_v upon_o they_o upon_o their_o advance_v more_o money_n to_o their_o majesty_n which_o without_o doubt_n they_o have_v a_o eye_n to_o and_o those_o who_o enter_v not_o into_o the_o account_n of_o it_o may_v think_v it_o will_v be_v no_o small_a advantage_n to_o their_o majesty_n and_o the_o kingdom_n to_o have_v such_o a_o bank_n ready_a at_o any_o time_n to_o assist_v their_o majesty_n with_o money_n upon_o any_o extraordinary_a occasion_n the_o bank_n with_o the_o 100000_o l._n per_fw-la annum_fw-la already_o settle_v upon_o they_o if_o it_o be_v continue_v to_o they_o and_o their_o successor_n for_o 60_o year_n may_v divide_v 5_o l._n
and_o bill_n of_o credit_n advance_v upon_o the_o security_n of_o they_o in_o order_n as_o they_o be_v enter_v in_o the_o general_n register_n without_o preference_n or_o otherwise_o 22_o d._n that_o any_o person_n or_o person_n after_o their_o estate_n or_o estate_n shall_v be_v settle_v six_o month_n may_v have_v what_o bill_n of_o credit_n they_o please_v for_o their_o own_o proper_a use_n or_o uses_n not_o exceed_v 20_o year_n purchase_v of_o the_o present_a yearly_o value_v of_o their_o estate_n pay_v the_o commissioner_n and_o director_n for_o each_o 100_o l._n value_n in_o bill_n of_o credit_n to_o be_v keep_v for_o their_o own_o proper_a use_n or_o uses_n 10_o s._n per_fw-la annum_fw-la for_o the_o charge_n which_o the_o say_v commissioner_n and_o director_n must_v necessary_o be_v at_o in_o issue_v out_o and_o renew_v the_o bill_n of_o credit_n and_o towards_o the_o payment_n of_o salary_n to_o servant_n and_o all_o other_o their_o charge_n whatsoever_o 23_o d._n that_o any_o person_n or_o person_n after_o their_o estate_n or_o estate_n shall_v have_v be_v settle_v six_o month_n may_v have_v what_o bill_n of_o credit_n they_o please_v on_o their_o own_o proper_a account_n not_o exceed_v 20_o year_n purchase_v of_o the_o present_a yearly_o value_v of_o their_o estate_n pay_v the_o commissioner_n and_o director_n any_o of_o the_o follow_a annuity_n according_a to_o the_o several_a term_n of_o year_n next_o and_o immediate_o herein_o after_o set_v down_o that_o be_v to_o say_v for_o a_o annuity_n of_o 50_o year_n 2_o l._n 10_o s._n 40_o year_n 3_o l._n s._n 33.4_o month_n 3_o l._n 10_o s._n 25_o year_n 4_o l._n 10_o s._n 20_o year_n 5_o l._n 10_o s._n 16_o year_n 6_o l._n 15_o s._n 13.4_o month_n 8_o l._n s._n 10_o year_n 10_o l._n 10_o s._n per_fw-la cent._n per_fw-la annum_fw-la and_o no_o more_o for_o each_o and_o every_o 100_o l._n value_n in_o bill_n of_o credit_n issue_v out_o by_o the_o commissioner_n and_o director_n to_o he_o or_o they_o for_o his_o or_o their_o own_o proper_a use_n or_o uses_n 10_o s._n per_fw-la cent_n per_fw-la annum_fw-la part_n of_o the_o say_a annuity_n to_o be_v pay_v to_o the_o say_a commissioner_n and_o director_n for_o their_o charge_n to_o be_v equal_o divide_v among_o they_o and_o with_o the_o remainder_n or_o residue_n of_o the_o say_a annuity_n the_o say_a commissioner_n and_o director_n shall_v discharge_v and_o cancel_v bill_n of_o credit_n for_o part_n of_o the_o principal_a until_o all_o and_o every_o part_n of_o the_o principal_a shall_v be_v pay_v and_o the_o bill_n of_o credit_n issue_v out_o thereupon_o cancel_v 24_o the_o that_o any_o person_n or_o person_n who_o shall_v have_v or_o receive_v any_o of_o the_o say_a bill_n of_o credit_n may_v renew_v they_o once_o in_o every_o calendar-month_n without_o fee_n or_o reward_n 25_o the_o that_o any_o person_n or_o person_n who_o shall_v renew_v any_o bill_n or_o bill_n of_o credit_n may_v have_v as_o many_o bill_n of_o credit_n as_o they_o please_v for_o any_o bill_n of_o credit_n of_o the_o like_a value_n but_o no_o bill_n of_o credit_n be_v to_o be_v make_v for_o a_o less_o value_n than_o 5_o l._n 26_o the_o that_o any_o commissioner_n or_o director_n who_o shall_v direct_o or_o indirect_o take_v any_o great_a premium_fw-la consideration_n or_o reward_n for_o do_v their_o duty_n enjoin_v they_o by_o this_o act_n he_o or_o they_o shall_v be_v suspend_v from_o their_o place_n or_o place_n until_o the_o next_o session_n of_o parliament_n 27_o the_o that_o the_o commissioner_n and_o director_n shall_v cause_v a_o complete_a balance_n of_o their_o book_n to_o be_v draw_v up_o every_o year_n in_o the_o month_n of_o august_n unto_o the_o first_o day_n of_o the_o say_a month_n to_o be_v subject_a to_o the_o inspection_n of_o a_o committee_n or_o committee_n of_o the_o lord_n or_o commons_o in_o parliament_n 28_o that_o every_o commissioner_n or_o director_n who_o shall_v issue_v out_o bill_n of_o credit_n upon_o the_o security_n of_o any_o estate_n to_o a_o great_a value_n than_o 20_o year_n purchase_v of_o such_o estate_n as_o the_o same_o shall_v be_v swear_v to_o be_v worth_a by_o two_o or_o more_o credible_a witness_n or_o shall_v issue_v out_o bill_n of_o credit_n for_o the_o security_n of_o which_o no_o estate_n shall_v be_v first_o settle_v or_o shall_v lend_v or_o advance_v to_o their_o majesty_n any_o bill_n of_o credit_n otherwise_o than_o upon_o a_o parliamentary_a fund_z and_o by_o the_o consent_n and_o authority_n of_o parliament_n shall_v incur_v and_o suffer_v the_o pain_n and_o penalty_n of_o high-treason_n 29_o the_o that_o it_o shall_v be_v high-treason_n to_o counterfeit_v any_o of_o the_o say_a bill_n or_o to_o offer_v they_o in_o payment_n know_v the_o same_o to_o be_v counterfeit_v have_v thus_o finish_v my_o proposal_n i_o shall_v mention_v something_o of_o those_o many_o great_a advantage_n which_o their_o majesty_n and_o the_o whole_a nation_n will_v reap_v by_o this_o propose_a method_n first_o their_o majesty_n will_v be_v plentiful_o supply_v with_o money_n on_o much_o easy_a term_n and_o far_o great_a sum_n may_v have_v be_v raise_v on_o the_o million-act_n lottery-act_n and_o bank_n of_o england_n by_o this_o propose_a method_n than_o be_v raise_v by_o the_o say_a fund_n by_o the_o late_a method_n and_o the_o like_a may_v be_v do_v on_o any_o future_a fund_z and_o the_o more_o money_n any_o fund_z raises_z the_o few_o fund_n will_v need_v to_o be_v settle_v and_o consequent_o the_o nation_n will_v be_v less_o burden_v second_o it_o will_v certain_o unite_v their_o majesty_n and_o the_o people_n and_o engage_v they_o inseparable_o in_o each_o other_o interest_n three_o these_o propose_a bill_n of_o credit_n be_v a_o new_a species_n of_o money_n and_o to_o all_o intent_n and_o purpose_n as_o useful_a as_o money_n it_o will_v be_v as_o it_o be_v a_o introduce_v of_o so_o many_o more_o fresh_a money_a man_n into_o the_o kingdom_n with_o several_a million_o of_o money_n more_o than_o be_v before_o for_o the_o supply_n of_o their_o majesty_n and_o will_v answer_v all_o occasion_n as_o the_o bring_n in_o so_o many_o million_o of_o money_n into_o the_o nation_n will_v or_o can_v have_v do_v four_o money_n natural_o beget_v money_n every_o million_o value_n in_o these_o bill_n of_o credit_n will_v produce_v as_o much_o profit_n as_o a_o million_o of_o money_n and_o if_o employ_v in_o trade_n and_o but_o 6_o l._n per_fw-la cent_n per_fw-la annum_fw-la get_v by_o it_o each_o million_o value_n in_o bill_n of_o credit_n issue_v out_o upon_o the_o security_n of_o gentleman_n estate_n will_v bring_v in_o 60000_o l._n per_fw-la annum_fw-la profit_n every_o year_n to_o the_o nation_n five_o it_o will_v keep_v great_a sum_n in_o the_o nation_n that_o otherwise_o will_v be_v send_v out_o of_o the_o nation_n for_o interest_n and_o will_v enable_v we_o to_o lend_v who_o be_v now_o force_v to_o borrow_v of_o other_o sixthly_a it_o will_v animate_v our_o merchant_n and_o set_v they_o upon_o the_o same_o level_n in_o respect_n of_o trade_n with_o our_o neighbour_n seven_o it_o will_v encourage_v all_o artificer_n and_o handicraft_n and_o bring_v new_a manufacture_n into_o the_o kingdom_n which_o can_v now_o be_v wrought_v here_o by_o reason_n of_o high_a interest_n and_o set_v all_o our_o poor_a at_o work_n many_o thousand_o of_o who_o be_v now_o in_o a_o starve_a condition_n for_o want_n of_o employment_n and_o it_o will_v turn_v the_o genius_n of_o the_o subject_n into_o the_o right_a channel_n again_o by_o put_v they_o upon_o the_o improve_n their_o money_n in_o trade_n eighthly_a it_o will_v ease_v all_o the_o nobility_n and_o gentry_n from_o tax_n who_o shall_v advance_v bill_n of_o credit_n to_o their_o majesty_n upon_o the_o security_n of_o their_o estate_n and_o will_v add_v 50_o or_o 60_o l._n per_fw-la annum_fw-la to_o every_o 100_o l._n per_fw-la annum_fw-la of_o their_o present_a estate_n nine_o gentleman_n will_v have_v a_o opportunity_n of_o improve_n their_o estate_n by_o building_n repair_a plant_v drain_n or_o water_v their_o land_n who_o be_v not_o now_o able_a to_o do_v it_o by_o reason_n of_o scarcity_n of_o money_n and_o high_a interest_n by_o which_o mean_v many_o thousand_o people_n who_o be_v now_o chargeable_a to_o the_o parish_n will_v be_v employ_v in_o all_o the_o several_a part_n of_o this_o kingdom_n ten_o it_o will_v enable_v all_o such_o who_o estate_n be_v mortgage_v or_o otherwise_o engage_v to_o clear_v their_o estate_n from_o encumbrance_n and_o those_o may_v have_v bill_n of_o credit_n upon_o the_o security_n of_o their_o own_o estate_n for_o 10_o s._n per_fw-la cent._n per_fw-la annum_fw-la as_o in_o proposal_n 22_o who_o now_o pay_v 5_o 6_o or_o 7_o l._n per_fw-la cent._n per_fw-la annum_fw-la
settlement_n whether_o that_o consideration_n ought_v to_o be_v any_o hindrance_n to_o the_o settlement_n of_o estate_n by_o my_o propose_a method_n which_o i_o will_v prove_v will_v be_v above_o 100_o million_o in_o value_n advantage_n to_o the_o estate_n of_o the_o kingdom_n and_o whether_o the_o nation_n have_v not_o better_o make_v good_a the_o loss_n of_o such_o particular_a person_n if_o any_o shall_v be_v than_o to_o lose_v those_o great_a advantage_n that_o will_v arise_v by_o these_o propose_a settlement_n vide_fw-la query_n 17_o 18._o q._n 16._o if_o the_o money_n advance_v on_o the_o late_a fund_n have_v be_v raise_v by_o my_o propose_a method_n whether_o the_o subject_n will_v not_o have_v save_v much_o more_o than_o can_v be_v lose_v by_o undue_a settlement_n vide_fw-la the_o table_n and_o their_o uses_n in_o pag._n 32_o to_o 40._o q._n 17._o if_o a_o man_n can_v at_o any_o time_n take_v up_o the_o value_n of_o 20_o year_n purchase_v in_o bill_n of_o credit_n upon_o his_o estate_n and_o may_v therewith_o clear_v his_o estate_n and_o provide_v for_o his_o child_n and_o sink_v but_o one_o ten_o part_n of_o his_o yearly_o income_n for_o the_o use_n and_o benefit_n of_o the_o same_o or_o if_o a_o man_n can_v advance_v such_o bill_n of_o credit_n to_o their_o majesty_n upon_o the_o security_n of_o a_o parliamentary_a fund_z and_o be_v exempt_v from_o tax_n and_o have_v 50_o or_o 60_o l._n per_fw-la annum_fw-la add_v to_o every_o 100_o l._n per_fw-la annum_fw-la estate_n he_o have_v whether_o estate_n in_o land_n will_v not_o be_v worth_a 40_o or_o 50_o year_n purchase_v vide_fw-la proposal_n 17_o 19_o 20_o 22_o 23._o and_o the_o table_n in_o pag._n 32_o to_o 37._o q._n 18._o if_o a_o man_n can_v buy_v a_o perpetual_a rent-charge_a of_o the_o crown_n free_a from_o tax_n for_o 12_o year_n purchase_v and_o can_v take_v up_o any_o sum_n less_o than_o the_o capital_a or_o purchase_v money_n at_o a_o hour_n warning_n for_o 5_o or_o 6_o l._n per_fw-la cent_n per_fw-la annum_fw-la interest_n and_o pay_v it_o in_o again_o whensoever_o he_o please_v or_o if_o he_o can_v have_v 60_o l._n 16_o s._n 8_o d._n per_fw-la annum_fw-la interest_n for_o 2000_o l._n value_n in_o bank-bill_n and_o have_v in_o effect_n 2000_o l._n always_o lie_v by_o he_o whether_o any_o man_n will_v give_v 20_o year_n purchase_v for_o land_n load_v every_o year_n with_o tax_n and_o upon_o which_o he_o can_v without_o great_a charge_n loss_n of_o time_n and_o difficulty_n take_v up_o one_o half_a of_o the_o purchase-money_n pay_v by_o he_o for_o his_o estate_n q._n 19_o if_o any_o person_n shall_v settle_v a_o estate_n to_o which_o he_o have_v no_o right_a and_o shall_v take_v bill_n of_o credit_n to_o the_o value_n of_o 20_o year_n purchase_v upon_o the_o credit_n of_o such_o estate_n whether_o the_o remain_a part_n or_o fee_n of_o the_o estate_n will_v not_o be_v worth_a much_o more_o to_o the_o right-owner_n than_o the_o whole_a estate_n will_v be_v worth_a if_o no_o such_o settlement_n be_v make_v vide_fw-la query_n 17._o proposal_n 7._o q._n 20._o whether_o a_o trustee_n or_o guardian_n who_o be_v not_o now_o able_a to_o sell_v will_v be_v able_a to_o settle_v the_o estate_n of_o any_o orphan_n or_o other_o person_n of_o who_o he_o have_v the_o care_n or_o guardianship_n if_o a_o act_n of_o parliament_n shall_v pass_v for_o these_o settlement_n and_o whether_o such_o trustee_n or_o guardian_n will_v not_o be_v as_o accountable_a for_o his_o trust_n in_o case_n this_o act_n shall_v pass_v as_o he_o now_o be_v before_o the_o pass_a such_o act_n vide_fw-la prop._n 7._o q._n 21._o whether_o the_o ruine_v our_o trade_n the_o impoverish_v the_o nobility_n and_o gentry_n the_o burden_v the_o subject_n with_o fund_n the_o bring_v land_n to_o 14_o year_n purchase_v the_o fling_v the_o money_n and_o the_o estate_n of_o the_o kingdom_n into_o a_o few_o or_o into_o unsafe_a hand_n the_o carry_v the_o money_n out_o of_o the_o kingdom_n to_o pay_v the_o interest_n for_o money_n advance_v by_o foreigner_n on_o the_o late_a fund_n will_v not_o be_v of_o far_o worse_a consequence_n and_o more_o mischievous_a to_o their_o majesty_n and_o the_o kingdom_n than_o can_v be_v all_o the_o undue_a settlement_n which_o we_o can_v reasonable_o imagine_v or_o suppose_v may_v possible_o be_v make_v q._n 22._o whether_o the_o exempt_n the_o nobility_n and_o gentry_n from_o tax_n and_o make_v their_o estate_n much_o more_o valuable_a enlarge_a their_o yearly_o income_n enable_v they_o to_o clear_v their_o estate_n and_o to_o raise_v portion_n for_o their_o child_n the_o increase_a trade_n navigation_n and_o building_n of_o ship_n the_o set_v to_o work_v handicrast_n artificer_n and_o all_o the_o idle_a hand_n in_o the_o kingdom_n the_o bring_v new_a manufacture_n into_o the_o nation_n the_o burden_v the_o subject_n with_o few_o fund_n will_v not_o be_v a_o ease_n to_o the_o subject_n enrich_v the_o nobility_n and_o gentry_n and_o make_v the_o nation_n vast_o rich_a by_o our_o great_a trade_n to_o foreign_a part_n and_o be_v a_o most_o unspeakable_a obligation_n to_o the_o nobility_n and_o gentry_n and_o all_o the_o subject_n in_o the_o kingdom_n and_o whether_o it_o will_v not_o river_n they_o not_o only_o in_o interest_n but_o in_o affection_n to_o their_o majesty_n vide_fw-la the_o table_n and_o their_o uses_n pag._n 32_o to_o 40._o postscript_n sometime_o after_o i_o have_v draw_v up_o my_o proposal_n in_o order_n to_o present_v they_o to_o the_o parliament_n which_o be_v now_o about_o three_o month_n ago_o and_o since_o i_o have_v be_v print_v they_o i_o have_v be_v several_a time_n caution_v not_o to_o publish_v or_o propose_v any_o thing_n to_o the_o parliament_n that_o may_v be_v opposite_a to_o the_o interest_n of_o the_o bank_n of_o england_n for_o if_o i_o do_v i_o must_v not_o expect_v to_o succeed_v because_o the_o gentleman_n of_o the_o bank_n have_v a_o very_a great_a interest_n in_o the_o parliament_n and_o will_v be_v too_o hard_a for_o i_o and_o another_o tell_v i_o that_o they_o will_v certain_o cross-bite_a i_o to_o which_o i_o reply_v that_o it_o be_v no_o hard_a matter_n to_o foil_v i_o but_o that_o the_o controversy_n if_o any_o be_v will_v not_o be_v between_o the_o bank_n and_o i_o but_o between_o the_o nobility_n gentry_n and_o freeholders_n of_o england_n who_o be_v almost_o ruin_v with_o those_o fund_n and_o the_o bank_n and_o therefore_o i_o be_v not_o solicitous_a about_o it_o have_v also_o such_o a_o opinion_n of_o many_o member_n of_o the_o bank_n that_o i_o do_v not_o doubt_v but_o they_o will_v have_v prefer_v the_o public_a good_a of_o the_o kingdom_n before_o any_o little_a narrow_a interest_n of_o their_o own_o insomuch_o that_o the_o person_n who_o i_o first_o pitch_v upon_o to_o show_v my_o scheme_n to_o for_o his_o approbation_n be_v one_o of_o the_o member_n of_o the_o bank_n and_o none_o of_o the_o mean_a of_o they_o but_o he_o be_v at_o a_o considerable_a distance_n in_o the_o country_n prevent_v i_o and_o sometime_o since_o a_o friend_n of_o i_o who_o name_n i_o shall_v not_o mention_v propose_v to_o bring_v the_o deputy-governour_n of_o the_o bank_n and_o i_o together_o tell_v i_o i_o be_v a_o think_v man_n and_o that_o it_o may_v be_v for_o my_o advantage_n to_o be_v acquaint_v with_o the_o deputy-governour_n i_o thank_v my_o friend_n but_o although_o i_o have_v a_o great_a respect_n for_o the_o deputy-governour_n as_o be_v a_o very_a deserve_a person_n yet_o for_o some_o reason_n do_v not_o close_o with_o his_o offer_n however_o they_o have_v as_o they_o call_v it_o cross-bit_n i_o and_o i_o resolve_v to_o let_v the_o parliament_n and_o the_o gentleman_n of_o the_o kingdom_n know_v so_o and_o that_o these_o act_n of_o grace_n late_o publish_v by_o the_o director_n of_o the_o bank_n be_v not_o design_v in_o kindness_n to_o they_o but_o to_o render_v ineffectual_a what_o i_o have_v to_o propose_v to_o the_o parliament_n for_o have_v in_o the_o 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that_o foreign_a bill_n of_o exchange_n will_v be_v discount_v after_o the_o rate_n of_o 4_o l._n 10_o s._n per_fw-la cent._n per_fw-la annum_fw-la this_o be_v but_o a_o small_a bite_v but_o whereas_o in_o pag._n 18_o 19_o 20._o and_o in_o several_a part_n of_o my_o treatise_n i_o set_v forth_o the_o sad_a condition_n of_o the_o gentleman_n as_o well_o as_o the_o trade_a part_n of_o the_o nation_n occasion_v by_o the_o late_a fund_n and_o that_o gentleman_n who_o estate_n be_v in_o mortgage_n be_v call_v upon_o for_o the_o money_n and_o know_v not_o how_o to_o raise_v it_o and_o be_v therefore_o eject_v out_o of_o their_o estate_n and_o bar_v of_o the_o equity_n of_o redemption_n and_o in_o my_o manuscript_n have_v introduce_v the_o gentleman_n lay_v these_o their_o grievance_n before_o the_o parliament_n which_o i_o omit_v print_v for_o fear_n of_o be_v too_o tedious_a the_o director_n of_o the_o bank_n be_v conscious_a of_o the_o truth_n of_o what_o i_o have_v write_v and_o suppose_v 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very_o much_o enlarge_v thereby_o well_o what_o argument_n will_v they_o use_v with_o the_o parliament_n against_o my_o proposal_n why_o say_v they_o we_o will_v acquaint_v the_o parliament_n that_o these_o proposal_n be_v not_o practicable_a for_o the_o nation_n will_v be_v so_o pester_v with_o these_o bill_n of_o credit_n that_o we_o shall_v have_v more_o of_o they_o than_o we_o know_v what_o to_o do_v with_o but_o this_o say_v they_o he_o have_v unlucky_o answer_v which_o i_o shall_v give_v in_o the_o word_n of_o my_o manuscript_n have_v vary_v some_o thing_n from_o it_o in_o my_o print_a book_n viz._n the_o bank_n of_o england_n be_v not_o limit_v to_o any_o sum_n but_o may_v issue_v out_o bank-bill_n for_o 50_o million_o if_o they_o please_v for_o which_o the_o nation_n have_v only_o a_o personal_a security_n of_o who_o several_a be_v foreigner_n and_o consequent_o the_o subject_n may_v be_v loser_n whereas_o no_o bill_n of_o credit_n can_v be_v issue_v out_o until_o a_o sufficient_a security_n out_o of_o gentleman_n real_a estate_n be_v first_o settle_v yes_o say_v they_o but_o there_o we_o have_v cross-bit_n he_o again_o by_o our_o order_n or_o by-law_n at_o the_o last_o general_n court_n hold_v at_o grocers-hall_n the_o 2_o d_o of_o this_o instant_a november_n viz._n that_o the_o governor_n deputy_n governor_n and_o director_n shall_v not_o borrow_v under_o the_o common_a seal_n any_o sum_n exceed_v in_o the_o whole_a 1200000_o l._n upon_o the_o penalty_n of_o 1000_o l._n etc._n etc._n and_o now_o i_o hope_v i_o have_v unriddle_v and_o show_v the_o meaning_n of_o that_o order_n or_o by-law_n which_o doubtless_o make_v many_o think_v man_n at_o a_o stand_n to_o know_v the_o meaning_n of_o it_o so_o that_o our_o mighty_a bank_n that_o be_v to_o help_v their_o majesty_n with_o i_o know_v not_o what_o great_a sum_n and_o to_o furnish_v all_o the_o gentleman_n in_o england_n with_o money_n upon_o the_o security_n of_o their_o estate_n at_o 5_o l._n per_fw-la cent_n per_fw-la annum_fw-la and_o to_o set_v up_o a_o lumber_n to_o lend_v merchant_n and_o tradesman_n money_n upon_o their_o good_n and_o to_o perform_v i_o know_v not_o what_o other_o extraordinary_a feat_n and_o supply_v the_o defect_n of_o many_o million_o of_o money_n for_o to_o serve_v a_o turn_n and_o to_o cross-bite_a i_o be_v content_v to_o dwindle_v for_o the_o present_a into_o a_o little_a diminutive_a bank_n of_o 1200000_o l._n well_o gentleman_n but_o can_v those_o who_o make_v those_o order_n when_o their_o turn_n be_v serve_v and_o that_o they_o have_v thereby_o baffle_v my_o proposal_n break_v those_o order_n again_o for_o great_a and_o weighty_a reason_n but_o i_o hope_v the_o parliament_n will_v not_o suffer_v themselves_o and_o the_o nation_n to_o be_v cross-bit_n though_o the_o gentleman_n may_v use_v their_o pleasure_n with_o i_o what_o i_o have_v propose_v be_v for_o the_o good_a of_o the_o whole_a kingdom_n it_o lie_v in_o the_o parliament_n power_n if_o they_o please_v and_o i_o can_v but_o hope_v they_o will_v to_o make_v this_o the_o most_o flourish_a kingdom_n and_o the_o subject_n the_o most_o happy_a people_n in_o the_o universe_n to_o who_o great_a wisdom_n i_o have_v humble_o submit_v my_o proposal_n and_o withal_o this_o as_o a_o undoubted_a maxim_n that_o nothing_o can_v be_v more_o fatal_a to_o any_o government_n than_o to_o discountenance_v and_o cross-bite_a those_o who_o make_v it_o their_o study_n to_o promote_v the_o good_a and_o welfare_n of_o it_o but_o i_o be_o well_o satisfy_v i_o shall_v meet_v with_o no_o such_o evil_a treatment_n from_o their_o majesty_n or_o the_o parliament_n finis_fw-la the_o content_n no_o nation_n better_o situate_v for_o trade_n than_o england_n page_n 5._o trade_n the_o medium_fw-la to_o convey_v riches_n to_o a_o nation_n ibid._n the_o parliament_n necessitate_v to_o raise_v money_n on_o the_o late_a fund_n ibid._n the_o encouragement_n give_v to_o those_o who_o raise_v money_n on_o the_o late_a fund_n detrimental_a to_o trade_n and_o injurious_a to_o the_o nation_n ibid._n remark_n on_o the_o million-act_n lottery-act_n and_o bank_n of_o england_n p._n 6._o table_n of_o the_o million-act_n p._n 7_o to_o 9_o table_n of_o the_o lottery-act_n p._n 9_o table_n of_o the_o bank_n of_o england_n p._n 10_o 11._o application_n of_o the_o table_n p._n 12._o the_o many_o evil_n that_o attend_v the_o raise_n money_n on_o the_o late_a fund_n p._n 13._o it_o be_v ruinous_a to_o trade_n p._n 14_o to_o 16._o objection_n answer_v p._n 16_o 17._o the_o late_a fund_n a_o mean_n to_o carry_v the_o money_n out_o of_o the_o kingdom_n p._n 17._o they_o abate_v the_o value_n of_o land_n p._n 18._o bank-bill_n prefer_v before_o land_n p._n 19_o objection_n answer_v p._n 19_o 20._o the_o bank_n of_o england_n may_v get_v all_o the_o money_n of_o the_o kingdom_n into_o their_o hand_n p._n 21._o may_v purchase_v gentleman_n estate_n at_o their_o own_o rate_n ibid._n objection_n answer_v p._n 22._o the_o proposal_n from_o p._n 23_o to_o 30._o advantage_n their_o majesty_n and_o the_o subject_n will_v reap_v by_o these_o proposal_n p._n 30_o 31._o four_o table_n of_o interest_n and_o annuity_n p._n 32_o to_o 34._o use_v of_o the_o table_n p._n 36_o to_o 38._o objection_n answer_v p._n 38_o to_o 46._o several_a query_n p._n 46_o to_o 51._o postscript_n p._n 52._o errata_fw-la pag._n 24._o lin_v 2_o 3._o for_o proportion_n read_v proprietor_n p._n 30._o l._n 24._o f._n inseparate_o read_v 〈…〉_z the_o title_n of_o the_o 2d_o table_n l._n 2._o take_v away_o the_o semicolon_n after_o million_o
after_o the_o contributor_n shall_v be_v repay_v the_o whole_a advance_v million_o with_o interest_n and_o interest_n upon_o interest_n as_o aforesaid_a which_o amount_v to_o 1129174_o l._n 5_o s._n 2_o d._n so_o much_o be_v give_v for_o a_o encouragement_n to_o advance_v one_o million_o of_o money_n for_o 16_o year_n the_o bank_n of_o england_n if_o not_o redeem_v by_o parliament_n at_o the_o 11_o year_n end_n will_v be_v the_o most_o detrimental_a of_o all_o the_o three_o as_o hereafter_o will_n more_o plain_o appear_v for_o suppose_v the_o contributor_n to_o the_o bank_n shall_v pay_v the_o whole_a 1200000_o pound_n they_o have_v subscribe_v in_o to_o the_o bank_n they_o will_v be_v repay_v the_o whole_a 1200000_o l._n and_o interest_n with_o interest_n upon_o interest_n in_o less_o than_o nineteen_o year_n and_o then_o the_o nation_n must_v notwithstanding_o pay_v they_o 100000_o l._n per_fw-la annum_fw-la for_o ever_o although_o the_o full_a principal_a and_o interest_n with_o interest_n upon_o interest_n be_v pay_v however_o we_o will_v suppose_v it_o be_v to_o terminate_v at_o 60_o year_n end_v for_o so_o far_o i_o have_v trace_v it_o the_o contributor_n will_v receive_v almost_o 14_o million_o more_o than_o their_o principal_a and_o interest_n with_o interest_n upon_o interest_n a_o most_o prodigious_a sum_n for_o advance_v 1200000_o pound_n beside_o those_o many_o advantage_n in_o discount_v merchant_n bill_n exchequer-tally_n etc._n etc._n have_v thus_o show_v the_o advantage_n the_o contributor_n will_v receive_v for_o advance_v their_o money_n on_o these_o fund_n i_o now_o come_v to_o show_v the_o many_o evil_n that_o avoidable_a attend_v the_o raise_n money_n by_o those_o method_n and_o here_o i_o may_v take_v notice_n how_o the_o money_a man_n be_v enrich_v by_o the_o ruin_n of_o the_o poor_a and_o industrious_a trader_n how_o gentleman_n who_o estate_n be_v in_o land_n be_v press_v with_o tax_n while_o the_o money_a man_n be_v in_o a_o manner_n tax-free_a the_o landed-man_n pay_v more_o tax_n to_o their_o majesty_n out_o of_o a_o estate_n of_o 100_o l._n per_fw-la annum_fw-la than_o the_o money_a man_n do_v for_o 10000_o l._n in_o money_n what_o they_o advance_v on_o those_o fund_n be_v excuse_v from_o tax_n by_o act_n of_o parliament_n notwithstanding_o they_o receive_v more_o profit_n by_o 1000_o pound_n in_o money_n than_o a_o gentleman_n can_v receive_v out_o of_o a_o estate_n in_o land_n worth_a 3000_o pound_n as_o i_o doubt_v not_o but_o to_o make_v appear_v i_o may_v also_o have_v show_v how_o land_a gentleman_n and_o the_o poor_a industrious_a tradesman_n raise_v money_n not_o only_o to_o carry_v on_o the_o war_n but_o to_o enrich_v those_o who_o advance_v money_n on_o these_o fund_n they_o have_v no_o small_a part_n of_o the_o money_n raise_v as_o appear_v by_o the_o forego_n table_n i_o may_v also_o take_v notice_n of_o the_o extraordinary_a advantage_n give_v to_o money_a man_n such_o as_o put_v a_o person_n into_o a_o capacity_n for_o 500_o l._n or_o less_o to_o receive_v from_o 100_o l._n per_fw-la annum_fw-la to_o 10000_o l._n per_fw-la annum_fw-la annuity_n as_o in_o the_o million-act_n and_o for_o 10_o pound_n to_o have_v from_o 10_o pound_n per_fw-la annum_fw-la to_o 1000_o pound_n per_fw-la annum_fw-la as_o in_o the_o lottery-act_n but_o i_o shall_v wave_v these_o because_o if_o this_o have_v be_v all_o the_o grievance_n the_o evil_a have_v be_v the_o less_o in_o regard_n the_o nation_n will_v have_v be_v never_o the_o poor_a but_o only_o one_o subject_n enrich_v by_o the_o spoil_n of_o another_o but_o i_o will_v prove_v that_o this_o new_a method_n of_o raise_v money_n endanger_v the_o nation_n itself_o and_o that_o in_o divers_a respect_n first_o it_o will_v most_o certain_o ruin_v our_o trade_n without_o which_o the_o nation_n can_v long_o subsist_v much_o less_o be_v able_a to_o maintain_v a_o war._n second_o it_o will_v be_v a_o mean_n to_o carry_v out_o our_o wealth_n and_o thereby_o will_v impoverish_v the_o kingdom_n three_o it_o will_v ruin_v many_o gentleman_n of_o estate_n and_o bring_v land_n to_o 12_o or_o 14_o year_n purchase_n that_o these_o fund_n will_v ruin_v our_o trade_n i_o prove_v by_o these_o argument_n whatsoever_o draw_v the_o money_n out_o of_o trade_n or_o impair_v the_o credit_n of_o trader_n must_v necessary_o be_v very_o injurious_a if_o not_o destructive_a to_o trade_n because_o no_o trade_n can_v be_v manage_v without_o money_n or_o credit_n but_o these_o fund_n do_v draw_v the_o money_n out_o of_o trade_n and_o impair_v the_o credit_n of_o trader_n and_o consequent_o be_v very_o injurious_a if_o not_o destructive_a to_o trade_n my_o first_o proposition_n all_o man_n must_v grant_v i_o shall_v therefore_o apply_v myself_o to_o prove_v the_o second_o proposition_n viz._n that_o these_o fund_n draw_v the_o money_n out_o of_o trade_n and_o impair_v the_o credit_n of_o trader_n to_o prove_v which_o i_o shall_v consider_v trader_n as_o trade_v with_o their_o own_o stock_n or_o borrow_v money_n at_o interest_n to_o drive_v their_o trade_n to_o begin_v therefore_o with_o such_o who_o trade_n with_o their_o own_o stock_n before_o these_o encouragement_n be_v give_v to_o those_o who_o advance_v money_n on_o these_o late_a fund_n our_o merchant_n and_o considerable_a trader_n if_o they_o can_v get_v 12_o or_o 14_o per_fw-la cent_n per_fw-la annum_fw-la clear_a for_o every_o 100_o pound_n they_o have_v in_o stock_n be_v well_o content_v think_v themselves_o sufficient_o reward_v for_o their_o pain_n and_o industry_n not_o know_v any_o other_o way_n wherein_o to_o employ_v their_o money_n to_o the_o like_a advantage_n but_o these_o late_a fund_n have_v divert_v that_o humour_n and_o turn_v their_o genius_n from_o trade_n quite_o another_o way_n for_o whereas_o former_o a_o great_a part_n of_o their_o time_n be_v take_v up_o in_o contrive_v how_o to_o improve_v their_o money_n to_o the_o best_a advantage_n in_o the_o way_n of_o their_o trade_n and_o to_o provide_v for_o their_o family_n by_o a_o honest_a industry_n now_o almost_o their_o whole_a discourse_n be_v of_o lottery-ticket_n annuity_n bank-bill_n etc._n etc._n and_o in_o contrive_v how_o they_o may_v draw_v their_o money_n out_o of_o trade_n to_o put_v it_o in_o upon_o some_o of_o these_o late_a fund_n upon_o the_o prospect_n of_o the_o great_a advantage_n they_o be_v capable_a of_o receive_v thereby_o beyond_o what_o they_o can_v expect_v to_o gain_v by_o their_o trade_n and_o that_o also_o free_a from_o tax_n now_o although_o their_o majesty_n have_v be_v supply_v with_o money_n by_o these_o mean_n yet_o the_o great_a part_n of_o the_o money_n so_o advance_v be_v draw_v out_o of_o trade_n must_v necessary_o impair_v and_o lessen_v the_o trade_n of_o the_o nation_n for_o want_v of_o sufficient_a stock_n to_o carry_v it_o on_o which_o will_v more_o plain_o appear_v if_o we_o cast_v our_o eye_n upon_o the_o poor_a industrious_a trader_n who_o not_o have_v stock_n enough_o of_o their_o own_o wherewith_o to_o drive_v their_o trade_n have_v be_v force_v to_o borrow_v money_n at_o interest_n to_o supply_v that_o defect_n their_o creditor_n who_o former_o not_o be_v able_a otherwise_o to_o dispose_v of_o their_o money_n court_v they_o to_o take_v their_o money_n at_o easy_a interest_n know_v they_o to_o be_v honest_a and_o careful_a in_o their_o business_n now_o call_v in_o their_o money_n allege_v they_o can_v make_v 10_o 15_o or_o 20_o l._n per_fw-la cent._n per_fw-la annum_fw-la by_o lend_v it_o to_o the_o government_n or_o by_o pay_v it_o in_o upon_o these_o fund_n which_o sudden_a demand_n the_o poor_a tradesman_n be_v unable_a to_o comply_v with_o they_o be_v force_v to_o pacify_v their_o creditor_n with_o promise_n of_o large_a interest_n but_o the_o poor_a man_n not_o be_v able_a to_o drive_v their_o trade_n on_o such_o disadvantageous_a term_n and_o to_o provide_v for_o their_o family_n be_v force_v to_o leave_v off_o their_o trade_n and_o get_v in_o their_o money_n to_o pay_v off_o their_o creditor_n and_o betake_v themselves_o to_o some_o other_o employment_n for_o their_o livelyhood_n or_o else_o they_o sink_v under_o their_o burden_n be_v no_o long_o able_a to_o bear_v the_o pressure_n of_o they_o i_o come_v now_o to_o show_v how_o injurious_a these_o fund_n be_v to_o our_o foreign_a trade_n the_o preservation_n whereof_o be_v of_o no_o small_a import_n to_o the_o nation_n for_o that_o be_v once_o lose_v be_v not_o easy_o regain_v and_o that_o these_o fund_n be_v injurious_a to_o our_o foreign_a trade_n i_o prove_v by_o these_o argument_n those_o merchant_n who_o can_v sell_v their_o commodity_n cheap_a at_o any_o foreign_a market_n may_v engross_v to_o themselves_o the_o trade_n of_o those_o foreign_a part_n those_o who_o pay_v a_o less_o interest_n for_o money_n as_o suppose_v 3_o or_o 4_o per_fw-la cent._n per_fw-la
annum_fw-la can_v sell_v their_o commodity_n cheap_a than_o those_o who_o pay_v a_o great_a interest_n viz._n 8_o or_o 10_o per_fw-la cent._n per_fw-la annum_fw-la but_o some_o of_o our_o neighbour_n pay_v no_o more_o than_o 3_o or_o 4_o per_fw-la cent._n per_fw-la annum_fw-la for_o interest_n and_o our_o english_a merchant_n must_v pay_v 8_o or_o 10_o per_fw-la cent._n per_fw-la annum_fw-la for_o interest_n and_o consequent_o those_o our_o neighbour_n may_v engross_v to_o themselves_o the_o trade_n of_o those_o foreign_a part_n the_o truth_n of_o these_o proposition_n be_v so_o obvious_a that_o i_o need_v not_o bring_v any_o proof_n to_o corroborate_v they_o but_o i_o shall_v only_o illustrate_v they_o by_o one_o plain_a instance_n viz._n i_o suppose_v none_o will_v deny_v that_o interest_n of_o money_n in_o holland_n be_v not_o above_o 3_o or_o at_o high_a 4_o per_fw-la cent._n per_fw-la annum_fw-la and_o any_o dutch_a merchant_n may_v have_v what_o money_n they_o please_v on_o those_o term_n now_o how_o be_v it_o possible_a for_o our_o english_a merchant_n who_o must_v pay_v almost_o 3_o time_n the_o interest_n for_o money_n to_o sell_v their_o commodity_n so_o cheap_a as_o the_o dutch_a merchant_n for_o suppose_v a_o dutch_a merchant_n take_v up_o money_n at_o interest_n and_o therewith_o trade_n to_o turkey_n or_o to_o any_o other_o part_n where_o our_o english_a merchant_n trade_n if_o the_o dutch_a merchant_n make_v 20_o or_o 25_o per_fw-la cent._n profit_n of_o his_o money_n and_o have_v he_o return_v in_o a_o year_n or_o t●●_n he_o be_v well_o satisfy_v with_o his_o gain_n and_o continue_v on_o his_o trade_n have_v 12_o or_o 14_o or_o 16_o per_fw-la cent._n profit_n more_o than_o his_o interest_n but_o if_o our_o english_a merchant_n make_v but_o 20_o or_o 25_o per_fw-la cent._n profit_n in_o the_o like_a time_n the_o great_a interest_n he_o must_v pay_v will_v swallow_v up_o almost_o his_o whole_a profit_n leave_v he_o little_a or_o nothing_o for_o his_o adventure_n now_o this_o in_o process_n of_o time_n will_v dishearten_v our_o merchant_n discourage_v navigation_n ruin_n our_o trade_n and_o will_v leave_v it_o in_o the_o hand_n of_o those_o who_o can_v trade_v with_o less_o disadvantage_n than_o we_o can_v and_o who_o have_v once_o get_v the_o trade_n in_o their_o hand_n will_v not_o easy_o part_v with_o it_o object_n if_o any_o object_n that_o there_o be_v not_o such_o scarcity_n of_o money_n among_o merchant_n or_o trader_n as_o i_o have_v set_v forth_o neither_o do_v they_o give_v such_o high_a interest_n for_o money_n as_o 8_o or_o 10_o per_fw-la cent._n per_fw-la annum_fw-la answ_n i_o answer_v the_o scarcity_n of_o money_n and_o the_o great_a complaint_n of_o all_o sort_n of_o trader_n for_o want_n of_o money_n since_o it_o have_v be_v draw_v out_o of_o trade_n to_o advance_v on_o the_o late_a fund_n be_v a_o truth_n too_o well_o know_v to_o be_v deny_v and_o that_o our_o merchant_n and_o other_o trader_n must_v pay_v 8_o or_o 10_o per_fw-la cent._n per_fw-la annum_fw-la interest_n for_o money_n if_o they_o want_v it_o be_v as_o demonstrable_a for_o admit_v a_o trader_n must_v take_v up_o money_n at_o interest_n can_v it_o be_v reasonable_o suppose_v that_o any_o man_n will_v lend_v his_o money_n for_o 5_o or_o 6_o per_fw-la cent._n per_fw-la annum_fw-la when_o he_o can_v make_v 8_o or_o 10_o per_fw-la cent._n per_fw-la annum_fw-la by_o advance_v it_o on_o these_o fund_n or_o can_v it_o be_v think_v that_o person_n will_v continue_v their_o money_n in_o tradesmen_n hand_n at_o the_o usual_a interest_n when_o they_o can_v have_v almost_o double_a the_o interest_n by_o lend_v it_o to_o the_o government_n especial_o when_o they_o come_v to_o be_v well_o satisfy_v that_o what_o they_o advance_v on_o the_o say_a fund_n be_v safe_a and_o secure_a object_n but_o a_o great_a part_n of_o the_o money_n be_v advance_v by_o such_o who_o have_v plenty_n of_o money_n and_o do_v not_o employ_v it_o in_o trade_n and_o not_o by_o tradesman_n answ_n that_o very_o many_o trader_n pay_v in_o large_a sum_n of_o money_n from_o 1000_o to_o 10000_o l._n apiece_o can_v be_v deny_v by_o any_o who_o have_v see_v the_o list_n of_o the_o name_n of_o the_o contributor_n to_o the_o several_a fund_n and_o the_o money_n advance_v by_o those_o who_o have_v no_o trade_n be_v notwithstanding_o take_v out_o of_o trade_n as_o be_v draw_v out_o of_o tradesmen_n hand_n to_o who_o such_o money_n be_v lend_v as_o have_v be_v already_o set_v forth_o object_n but_o many_o of_o our_o merchant_n trade_n with_o their_o own_o stock_n and_o have_v no_o occasion_n to_o take_v up_o money_n at_o interest_n answ_n this_o amount_n to_o one_o and_o the_o same_o thing_n for_o if_o our_o merchant_n can_v get_v as_o much_o by_o advance_v their_o money_n on_o these_o fund_n as_o they_o can_v by_o trading_n abroad_o can_v we_o think_v they_o will_v be_v so_o imprudent_a to_o venture_v their_o estate_n to_o foreign_a part_n out_o of_o their_o reach_n and_o subject_a to_o so_o many_o risk_n as_o dishonesty_n or_o insolvency_n of_o factor_n hazard_n of_o the_o sea_n and_o danger_n of_o the_o enemy_n at_o the_o best_a it_o can_v be_v suppose_v they_o will_v employ_v so_o much_o of_o their_o estate_n in_o trade_n as_o they_o will_v have_v do_v have_v they_o not_o have_v this_o opportunity_n of_o make_v such_o considerable_a advantage_n of_o their_o money_n at_o home_n by_o pay_v it_o in_o on_o these_o fund_n and_o no_o doubt_n when_o they_o have_v find_v the_o sweet_a of_o it_o they_o will_v draw_v the_o remainder_n of_o their_o estate_n out_o of_o trade_n in_o expectation_n of_o the_o like_a opportunity_n if_o the_o parliament_n shall_v think_v fit_a to_o raise_v more_o money_n by_o the_o like_a method_n i_o come_v in_o the_o next_o place_n to_o show_v that_o the_o great_a encouragement_n give_v to_o person_n to_o advance_v money_n on_o the_o late_a fund_n will_v be_v a_o mean_n to_o carry_v out_o our_o wealth_n and_o 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beside_o their_o part_n or_o share_v in_o the_o great_a advantage_n that_o will_v be_v make_v by_o discount_v bill_n exchequer-tally_n etc._n etc._n and_o if_o that_o maxim_n hold_v true_a as_o it_o must_v and_o do_v in_o this_o present_a case_n that_o the_o wealth_n of_o a_o nation_n be_v great_a or_o lesser_a in_o proportion_n according_a as_o its_o import_v and_o export_n do_v more_o or_o less_o exceed_v each_o other_o i_o be_o sure_a the_o great_a sum_n that_o must_v be_v send_v over_o yearly_o for_o the_o interest_n of_o money_n advance_v by_o foreigner_n from_o abroad_o must_v in_o time_n beggar_n the_o nation_n since_o we_o receive_v nothing_o again_o in_o return_n for_o what_o be_v so_o send_v out_o and_o if_o it_o be_v a_o evil_n as_o it_o real_o be_v to_o enrich_v a_o few_o of_o our_o own_o subject_n by_o the_o ruin_n of_o the_o far_o great_a part_n i_o be_o sure_a à_fw-la fortiori_fw-la it_o be_v a_o much_o great_a mischief_n for_o we_o to_o enrich_v foreigner_n by_o the_o spoil_n of_o our_o english_a subject_n and_o therefore_o whatsoever_o value_n any_o person_n may_v put_v upon_o the_o bring_v great_a sum_n of_o money_n into_o the_o nation_n from_o abroad_o it_o be_v plain_a it_o be_v not_o for_o the_o nation_n be_v interest_n to_o encourage_v it_o i_o come_v now_o to_o show_v that_o the_o great_a encouragement_n give_v to_o those_o who_o advance_v money_n on_o the_o late_a fund_n fall_v no_o less_o heavy_a on_o gentleman_n who_o estate_n be_v in_o land_n the_o value_n of_o which_o always_o bear_v some_o proportion_n with_o the_o interest_n of_o money_n these_o be_v pinch_v both_o way_n for_o as_o the_o tax_n necessary_o lay_v on_o land_n make_v land_n less_o esteem_v and_o consequent_o less_o valuable_a than_o former_o so_o this_o encouragement_n
50000_o 25000_o 10000_o l._n 66.8_o month_n 04_o l._n 00_o s._n 40000_o l._n 15000_o l._n 50_o year_n 04_o l._n 10_o s._n 45000_o l._n 20000_o l._n 40_o year_n 05_o l._n 00_o s._n 50000_o l._n 25000_o l._n 33.4_o month_n 05_o l._n 10_o s._n 55000_o l._n 30000_o l._n 25_o year_n 06_o l._n 10_o s._n 65000_o l._n 40000_o l._n 20_o year_n 07_o l._n 10_o s._n 75000_o l._n 50000_o l._n 16_o year_n 08_o l._n 15_o s._n 87500_o l._n 62500_o l._n 13.4_o month_n 10_o l._n 00_o s._n 100000_o l._n 75000_o l._n 10_o year_n 12_o l._n 10_o s._n 125000_o l._n 100000_o l._n the_o use_n of_o the_o first_o and_o second_o table_n apply_v to_o the_o proposal_n admit_v a_o gentleman_n have_v bare_o 100_o l._n per_fw-la annum_fw-la estate_n to_o live_v on_o and_o have_v a_o wife_n and_o four_o child_n to_o provide_v for_o this_o person_n suppose_v no_o tax_n be_v upon_o his_o estate_n must_v be_v a_o great_a husband_n to_o be_v able_a to_o keep_v his_o charge_n but_o can_v think_v of_o lay_v up_o any_o thing_n to_o place_n out_o his_o child_n in_o the_o world_n but_o according_a to_o this_o propose_a method_n he_o may_v give_v his_o child_n 500_o l._n apiece_o and_o have_v 90_o l._n per_fw-la annum_fw-la leave_v for_o himself_o and_o his_o wife_n to_o live_v upon_o the_o which_o he_o may_v also_o leave_v to_o such_o of_o his_o child_n as_o he_o please_v after_o his_o and_o his_o wife_n decease_n for_o first_o have_v settle_v his_o estate_n of_o 100_o l._n per_fw-la annum_fw-la as_o in_o proposal_n 1_o 3._o he_o may_v have_v bill_n of_o credit_n for_o 2000_o l._n for_o his_o own_o proper_a use_n for_o 10_o s._n per_fw-la cent_n per_fw-la annum_fw-la as_o in_o proposal_n 22._o which_o be_v but_o 10_o l._n per_fw-la annum_fw-la for_o the_o 2000_o l._n which_o be_v deduct_v out_o of_o his_o estate_n of_o 100_o l._n per_fw-la annum_fw-la there_o remain_v 90_o l._n per_fw-la annum_fw-la clear_a to_o himself_o but_o suppose_v this_o gentleman_n have_v mortgage_v his_o estate_n for_o 1000_o 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majesty_n come_v to_o 200_o l._n per_fw-la annum_fw-la more_fw-mi reckon_v repair_v militia-rate_n trophy-money_n etc._n etc._n he_o have_v not_o 200_o l._n per_fw-la annum_fw-la leave_v he_o to_o maintain_v himself_o and_o family_n if_o this_o gentleman_n settle_v his_o estate_n as_o in_o proposal_n 1_o 2._o he_o may_v have_v bill_n of_o credit_n for_o 20000_o l._n as_o in_o proposal_n 22._o with_o this_o he_o may_v pay_v off_o his_o 100000_o l._n mortagage_n for_o which_o 10000_o l._n he_o must_v pay_v 10_o s._n per_fw-la cent_n which_o be_v 50_o l._n per_fw-la annum_fw-la to_o the_o commissioner_n and_o director_n he_o may_v lend_v the_o other_o 10000_o l._n to_o their_o majesty_n for_o which_o he_o shall_v have_v 3_o l._n per_fw-la cent_n per_fw-la annum_fw-la as_o in_o proposal_n 16._o which_o come_v to_o 300_o l._n per_fw-la annum_fw-la and_o be_v exempt_v from_o half_a the_o tax_n upon_o account_n of_o the_o 10000_o l._n lend_v their_o majesty_n as_o in_o proposal_n 20._o so_o that_o this_o gentleman_n who_o have_v not_o now_o 200_o l._n per_fw-la annum_fw-la clear_a will_v have_v almost_o 1150_o l._n per_fw-la annum_fw-la come_v in_o as_o appear_v by_o the_o follow_a parallel_n the_o gentleman_n be_v present_a circumstance_n his_o circumstance_n by_o my_o method_n interest_n of_o 10000_o l._n 600_o l._n per_fw-la annum_fw-la tax_n of_o 4_o s._n in_o the_o pound_n 200_o l._n per_fw-la annum_fw-la remain_v for_o himself_o not_o reckon_v militia-rate_n etc._n etc._n 200_o l._n per_fw-la annum_fw-la 1000_o l._n per_fw-la annum_fw-la his_o estate_n 1000_o l._n per_fw-la annum_fw-la interest_n of_o 10000_o l._n lend_v to_o their_o majesty_n 300_o l._n per_fw-la annum_fw-la 1300_o l._n per_fw-la annum_fw-la pay_v the_o commission_n and_o direct_v for_o 10000_o l._n bill_n 50_o l._n per_fw-la annum_fw-la tax_n 100_o l._n per_fw-la annum_fw-la 150_o l._n per_fw-la annum_fw-la remain_v to_o the_o gentleman_n 1150_o l._n per_fw-la annum_fw-la and_o his_o 10000_o l._n mortgage_n pay_v off_o but_o if_o this_o gentleman_n have_v any_o child_n he_o may_v give_v they_o 10000_o l._n among_o they_o and_o have_v 700_o l._n per_fw-la annum_fw-la leave_v viz._n pay_v the_o commissioner_n and_o director_n 120000_o l._n bill_n of_o credit_n 100_o l._n per_fw-la annum_fw-la pay_v tax_n at_o 4_o s._n in_o the_o pound_n 200_o l._n per_fw-la annum_fw-la remain_v to_o the_o gentleman_n 700_o l._n per_fw-la annum_fw-la 1000_o l._n per_fw-la annum_fw-la so_o here_o be_v 10000_o l._n mortgage_n pay_v 10000_o l._n give_v among_o his_o child_n 200_o l._n per_fw-la annum_fw-la to_o their_o majesty_n for_o tax_n and_o 7●●_o l._n per_fw-la annum_fw-la the_o gentleman_n will_v have_v to_o live_v upon_o but_o suppose_v the_o gentleman_n who_o owe_v 10000_o l._n upon_o his_o estate_n of_o 1000_o l._n per_fw-la annum_fw-la have_v a_o mind_n to_o pay_v it_o off_o gradual_o by_o a_o small_a annuity_n for_o a_o term_n of_o year_n he_o shall_v have_v 10000_o l._n bill_n of_o credit_n to_o pay_v off_o his_o 10000_o l._n for_o which_o he_o must_v now_o pay_v 600_o l._n per_fw-la annum_fw-la for_o interest_n and_o not_o a_o farthing_n of_o the_o principal_n pay_v upon_o the_o payment_n of_o 250_o l._n per_fw-la annum_fw-la for_o 50_o year_n and_o never_o pay_v the_o principal_a or_o if_o the_o gentleman_n desire_v to_o pay_v it_o in_o a_o less_o time_n he_o may_v have_v 10000_o l._n bill_n of_o credit_n for_o 550_o l._n per_fw-la annum_fw-la annuity_n for_o 20_o year_n and_o his_o estate_n then_o clear_v which_o be_v less_o by_o 50_o l._n per_fw-la annum_fw-la than_o he_o must_v now_o pay_v for_o simple_a interest_n only_o and_o at_o the_o 20_o year_n end_n he_o will_v still_o owe_v the_o whole_a 10000_o l._n principal_a or_o do_v any_o gentleman_n owe_v great_a sum_n upon_o his_o estate_n suppose_v 50000_o l._n he_o must_v pay_v 3000_o l._n for_o the_o bare_a interest_n whereas_o by_o this_o method_n he_o shall_v pay_v no_o more_o than_o 250_o l._n per_fw-la 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