Selected quad for the lemma: england_n

Word A	Word B	Word C	Word D	Occurrence	Frequency Band	MI	MI Band	Prominent
england_n	act_n	parliament_n	person_n	2,736	5	5.0257	4	false

Text snippets containing the quad

ID	Title	Author	Corrected Date of Publication (TCP Date of Publication)	STC	Words	Pages
A58238	Reasons for encouraging the Bank of England I. In respect of justice and common right, II. Of its usefulness and the publick good.		1696 (1696)	Wing R490; ESTC R6056	4,041	5

reason_n for_o encourage_v the_o bank_n of_o england_n i._o in_o respect_n of_o justice_n and_o common_a right_n ii_o of_o its_o vsefulness_n and_o the_o public_a good_n first_o as_o to_o justice_n and_o common_a right_n these_o thing_n may_v be_v consider_v i._o in_o anno_fw-la 1694_o after_o all_o way_n have_v be_v try_v to_o raise_v money_n and_o more_o be_v still_o want_v the_o parliament_n do_v not_o think_v fit_a to_o tax_n the_o people_n far_o but_o find_v out_o a_o way_n to_o persuade_v they_o to_o tax_n themselves_o of_o their_o own_o accord_n by_o encourage_v such_o who_o will_v advance_v 1200000_o l._n to_o receive_v the_o recompense_n and_o advantage_n propose_v in_o the_o act_n for_o erect_v the_o bank_n which_o be_v frame_v on_o purpose_n to_o convince_v every_o man_n it_o be_v his_o rivate_a interest_n to_o serve_v the_o public_a and_o the_o advance_v the_o money_n be_v a_o voluntary_a act_n for_o the_o sake_n of_o the_o advantage_n offer_v which_o be_v propose_v for_o no_o other_o end_n but_o to_o encourage_v the_o advance_v the_o money_n upon_o the_o credit_n and_o reputation_n of_o that_o act_n which_o therefore_o ought_v not_o now_o to_o be_v shake_v ii_o the_o encouragement_n do_v not_o only_o consist_v in_o the_o profit_n of_o the_o advantage_n propose_v but_o in_o the_o certainty_n and_o assurance_n the_o people_n depend_v on_o to_o enjoy_v they_o for_o the_o term_n of_o eleven_o year_n be_v grant_v by_o the_o high_a sanction_n the_o government_n can_v make_v and_o such_o as_o may_v be_v rely_v on_o secure_o that_o the_o say_a term_n shall_v not_o be_v shorten_v nor_o the_o condition_n alter_v or_o change_v much_o less_o weaken_a and_o make_v worse_o which_o as_o it_o be_v the_o main_a encouragement_n to_o the_o bring_n in_o the_o money_n so_o the_o least_o disappointment_n of_o the_o people_n just_a expectation_n to_o enjoy_v the_o promise_a advantage_n full_o and_o sole_o for_o the_o say_v eleven_o year_n will_v lessen_v the_o public_a credit_n and_o discourage_v loan_n to_o the_o government_n hereafter_o and_o therefore_o it_o be_v to_o be_v hope_v that_o since_o the_o power_n and_o wisdom_n of_o the_o nation_n have_v make_v such_o a_o constitution_n the_o honour_n and_o justice_n of_o the_o nation_n will_v maintain_v it_o iii_o beside_o the_o parliamentary_a authority_n which_o the_o subscriber_n rely_v on_o the_o king_n by_o his_o commission_n do_v declare_v his_o royal_a intention_n and_o give_v his_o gracious_a assurance_n of_o promote_a the_o design_n of_o the_o say_a act_n and_o put_v the_o same_o in_o execution_n that_o the_o corporation_n may_v be_v settle_v to_o its_o own_o content_a as_o the_o word_n of_o his_o commission_n be_v iu._n and_o his_o majesty_n the_o more_o powerful_o to_o induce_v a_o free_a and_o liberal_a contribution_n annex_v to_o his_o commission_n the_o draught_n of_o the_o charter_n he_o intend_v that_o all_o his_o subject_n before_o they_o part_v with_o their_o money_n may_v know_v what_o the_o recompense_n be_v which_o they_o be_v to_o expect_v and_o the_o say_a draught_n be_v print_v and_o copy_n disperse_v that_o every_o man_n may_v have_v a_o true_a prospect_n of_o the_o advantage_n he_o be_v to_o enjoy_v which_o be_v these_o viz._n first_o that_o this_o bank_n shall_v be_v the_o only_a bank_n in_o england_n which_o be_v not_o only_o plain_o import_v by_o its_o very_a name_n but_o also_o by_o the_o reason_n and_o justice_n of_o the_o thing_n itself_o for_o though_o there_o be_v no_o word_n of_o exclusion_n in_o the_o charter_n yet_o it_o can_v not_o be_v apprehend_v that_o the_o same_o privilege_n shall_v be_v grant_v to_o any_o other_o such_o corporation_n because_o such_o a_o grant_n must_v of_o necessity_n destroy_v the_o very_a design_n of_o the_o act_n for_o erect_v the_o bank_n it_o be_v a_o know_a rule_n in_o law_n that_o a_o act_n of_o parliament_n introductive_a of_o a_o new_a law_n imply_v a_o negative_a so_o that_o the_o bank_n of_o england_n in_o point_n of_o law_n have_v the_o same_o security_n against_o erect_v any_o other_o bank_n as_o if_o it_o have_v be_v so_o provide_v for_o in_o the_o very_a act._n and_o can_v any_o man_n think_v in_o case_n either_o the_o king_n or_o parliament_n have_v tell_v the_o subscriber_n that_o they_o shall_v be_v make_v a_o bank_n to_o continue_v for_o eleven_o year_n but_o yet_o that_o in_o a_o year_n or_o two_o time_n other_o bank_n shall_v be_v erect_v by_o the_o like_a authority_n that_o any_o person_n will_v have_v venture_v to_o subscribe_v one_o penny_n and_o indeed_o those_o thing_n which_o the_o act_n declare_v shall_v be_v recompense_n and_o advantage_n will_v cease_v from_o be_v so_o when_o other_o bank_n be_v erect_v by_o like_a authority_n and_o the_o certain_a recompense_n and_o advantage_n by_o the_o act_n intend_v will_v at_o this_o rate_n become_v certain_a disadvantage_n to_o the_o subscriber_n beside_o common_a experience_n confirm_v we_o that_o the_o crown_n never_o grant_v the_o same_o thing_n twice_o for_o when_o a_o charter_n grant_v certain_a privilege_n to_o one_o society_n it_o be_v never_o know_v that_o another_o charter_n grant_v the_o same_o to_o any_o other_o moreover_o the_o practice_n of_o other_o nation_n do_v convince_v the_o subscriber_n that_o they_o be_v to_o be_v the_o sole_a bank_n of_o england_n there_o be_v no_o know_a government_n in_o the_o world_n that_o ever_o erect_v two_o bank_n by_o public_a authority_n which_o may_v be_v suppose_v to_o be_v ground_v on_o reason_n of_o state_n for_o if_o two_o or_o more_o bank_n be_v establish_v the_o credit_n will_v be_v divide_v and_o become_v less_o useful_a to_o any_o nation_n and_o though_o both_o of_o they_o shall_v be_v equal_o willing_a to_o serve_v the_o government_n yet_o each_o will_v render_v the_o other_o unable_a to_o do_v it_o by_o the_o industry_n and_o endeavour_n the_o one_o will_v use_v to_o supplant_v and_o undermine_v the_o other_o in_o regard_n their_o several_a interest_n be_v either_o different_a from_o or_o opposite_a to_o each_o other_o will_v natural_o engage_v they_o both_o in_o perpetual_a contradiction_n and_o dispute_n second_o the_o second_o recompense_n be_v that_o the_o subscriber_n shall_v be_v incorporate_v by_o a_o charter_n with_o the_o usual_a power_n grant_v to_o other_o corporation_n as_o well_o as_o those_o particular_o direct_v by_o the_o act_n which_o when_o grant_v to_o other_o be_v in_o a_o great_a measure_n take_v away_o from_o the_o present_a bank_n three_o that_o each_o member_n shall_v have_v a_o interest_n in_o the_o capital_a stock_n of_o 1200000_o l._n in_o proportion_n to_o his_o subscription_n four_o and_o also_o in_o the_o yearly_a fund_z of_o 100000_o l._n per_fw-la annum_fw-la five_o and_o liberty_n to_o deal_v and_o trade_n in_o borrow_v and_o lend_v money_n in_o bill_n of_o exchange_n and_o bullion_n and_o in_o sell_v good_n the_o product_n of_o their_o land_n which_o liberty_n will_v be_v much_o impair_v when_o the_o same_o be_v grant_v to_o other_o last_o if_o the_o time_n be_v consider_v when_o this_o money_n be_v advance_v viz._n in_o 1694._o it_o must_v appear_v the_o subscriber_n can_v not_o be_v suppose_v to_o have_v advance_v their_o money_n so_o cheerful_o on_o the_o bare_a encouragement_n of_o the_o 8_o per_fw-la cent._n in_o regard_n at_o that_o time_n they_o can_v have_v make_v more_o of_o their_o money_n by_o 14_o to_o 20_o per_fw-la cent._n over_o and_o above_o the_o 8_o per_fw-la cent._n in_o lend_v it_o upon_o other_o fund_n which_o the_o goldsmith_n and_o tallymonger_n well_o know_v to_o be_v true_a and_o therefore_o the_o 8_o per_fw-la cent._n be_v but_o a_o part_n of_o the_o encouragement_n to_o the_o contributer_n who_o have_v a_o eye_n to_o the_o other_o advantage_n propose_v by_o the_o act_n and_o the_o term_n of_o their_o duration_n and_o the_o other_o consequence_n of_o the_o same_o without_o which_o they_o have_v never_o write_v and_o therefore_o see_v they_o have_v write_v and_o pay_v their_o money_n in_o full_a assurance_n of_o those_o advantage_n it_o can_v seem_v justice_n or_o equity_n to_o deprive_v they_o of_o any_o one_o of_o they_o or_o to_o shorten_v the_o term_n grant_v for_o their_o enjoy_v they_o especial_o consider_v the_o hazard_n they_o do_v run_v in_o case_n 600000_o l._n have_v not_o be_v subscribe_v for_o than_o they_o must_v for_o eleven_o year_n have_v be_v confine_v to_o the_o 8_o per_fw-la cent._n without_o a_o charter_n and_o other_o the_o advantage_n consequential_a thereupon_o which_o will_v have_v be_v such_o a_o bargain_n at_o that_o time_n that_o none_o will_v have_v take_v off_o their_o hand_n for_o 20_o per_fw-la cent._n of_o their_o principal_n therefore_o see_v these_o be_v the_o advantage_n propose_v to_o the_o people_n and_o the_o assurance_n give_v by_o the_o government_n for_o their_o

enjoy_n the_o same_o for_o the_o certain_a term_n of_o eleven_o year_n in_o confidence_n whereof_o the_o whole_a 1200000_o l._n be_v write_v and_o 300000_o l._n of_o it_o pay_v in_o ten_o day_n time_n there_o can_v be_v no_o reason_n the_o subscriber_n shall_v be_v deprive_v of_o any_o of_o the_o advantage_n offer_v and_o may_v expect_v that_o nothing_o shall_v be_v do_v within_o the_o space_n of_o those_o eleven_o year_n to_o weaken_v their_o security_n since_o it_o must_v be_v grant_v if_o once_o parliamentary_a security_n be_v make_v so_o doubtful_a it_o will_v lessen_v the_o credit_n of_o the_o government_n for_o the_o future_a as_o to_o the_o usefulness_n of_o the_o bank_n of_o england_n it_o appear_v by_o these_o consideration_n first_o that_o it_o serve_v the_o occasion_n of_o the_o public_a second_o and_o the_o necessity_n of_o private_a person_n i._o the_o public_a have_v for_o 18_o month_n past_a experience_v the_o usefulness_n of_o it_o in_o these_o instance_n viz._n 1._o the_o 1200000_o l._n raise_v by_o the_o bank_n be_v pay_v into_o the_o exchequer_n with_o much_o less_o charge_n to_o the_o king_n than_o either_o the_o million-lottery_n or_o any_o other_o fund_z 2._o the_o cheerful_a speed_n in_o raise_v it_o show_v the_o good_a inclination_n the_o subscriber_n have_v to_o the_o government_n in_o time_n of_o need_n and_o the_o confidence_n they_o have_v which_o ought_v not_o to_o be_v frustrate_v in_o enjoy_v the_o advantage_n promise_v they_o for_o eleven_o year_n certain_a 3._o the_o bank_n have_v be_v the_o sole_a cause_n of_o lower_v the_o interest_n of_o money_n which_o be_v the_o only_a fund_z that_o ever_o lower_v it_o and_o that_o too_o in_o time_n of_o war_n when_o usual_o interest_n rise_v by_o which_o the_o nation_n since_o the_o bank_n be_v erect_v have_v save_v a_o great_a sum_n of_o money_n have_v be_v supply_v at_o much_o cheap_a rate_n than_o former_o which_o lower_v of_o interest_n do_v moreover_o 1._o excite_v industry_n 2._o raise_v the_o value_n of_o land_n and_o 3._o increase_v trade_n 4._o it_o have_v also_o in_o 12_o month_n past_a great_o advance_v the_o reputation_n of_o tally_n which_o be_v now_o become_v instead_o of_o 30_o per_fw-la cent._n loss_n on_o they_o to_o be_v as_o desirable_a as_o money_n itself_o and_o therefore_o instead_o of_o give_v money_n to_o change_v they_o money_n have_v be_v give_v to_o procure_v they_o 5._o the_o bank_n have_v and_o will_v render_v all_o the_o other_o public_a fund_n more_o speedy_o useful_a to_o the_o crown_n than_o ever_o by_o bring_v money_n into_o the_o exchequer_n soon_o than_o otherwise_o it_o will_v come_v in_o for_o supply_v the_o present_a exigency_n 6._o the_o bank_n have_v deliver_v the_o government_n out_o of_o the_o hand_n of_o those_o gripe_a lender_n who_o extortion_n upon_o the_o public_a necessity_n have_v exceed_o enrich_v themselves_o ii_o the_o private_a necessity_n of_o single_a person_n have_v be_v also_o easy_o and_o cheap_o supply_v in_o these_o instance_n viz._n 1._o in_o lend_v money_n on_o mortgage_n at_o 5_o per_fw-la cent._n without_o any_o procuration_n or_o continuation_n 2._o in_o discount_v foreign_a and_o in_o land_n bill_n of_o exchange_n some_o at_o 3_o per_fw-la cent._n and_o other_o at_o 4½_n per_fw-la cent._n 3._o in_o lend_v money_n on_o pawn_n at_o 5_o per_fw-la cent._n whereas_o some_o in_o their_o necessity_n have_v heretofore_o pay_v above_o 100_o per_fw-la cent._n for_o money_n lend_v they_o on_o pawn_n 4._o in_o lend_v money_n on_o the_o orphan_n fund_z at_o 5_o per_fw-la cent._n which_o have_v relieve_v divers_a orphan_n who_o otherwise_o must_v have_v be_v force_v to_o sell_v their_o interest_n at_o under-rate_n to_o answer_v their_o necessity_n 5._o in_o lend_v money_n at_o 5_o per_fw-la cent._n on_o the_o benefitted_a and_o blank_a million_o lottery-ticket_n whereby_o the_o necessity_n of_o many_o have_v be_v relieve_v and_o the_o credit_n of_o the_o public_a fund_n preserve_v the_o bank_n have_v not_o direct_o nor_o indirect_o trade_v in_o any_o sort_n whatsoever_o nor_o be_v any_o part_n of_o the_o stock_n now_o in_o trade_n nor_o ever_o be_v except_o in_o bill_n of_o exchange_n for_o payment_n of_o our_o army_n and_o fleet_n abroad_o whereby_o there_o have_v be_v save_v to_o the_o king_n at_o least_o 130000_o l._n since_o may_n 1695._o and_o the_o army_n and_o fleet_n have_v be_v more_o speedy_o and_o punctual_o pay_v than_o ever_o they_o be_v before_o nor_o have_v it_o at_o any_o time_n direct_o or_o indirect_o ingross_v any_o kind_n of_o good_n it_o have_v nothing_o in_o it_o of_o the_o nature_n nor_o of_o the_o effect_n of_o a_o monopoly_n for_o it_o exclude_v none_o from_o any_o trade_n it_o do_v not_o engross_v all_o the_o money_n nor_o in_o truth_n any_o be_v only_o a_o great_a and_o a_o secure_a chest_n whereinto_o the_o subject_n put_v their_o money_n and_o take_v it_o out_o at_o pleasure_n it_o have_v never_o import_v direct_o or_o indirect_o any_o guineas_n or_o gold_n from_o holland_n etc._n etc._n which_o if_o it_o have_v do_v as_o by_o law_n it_o may_v many_o thousand_o of_o pound_n have_v be_v gain_v thereby_o but_o on_o the_o contrary_a at_o one_o time_n pay_v out_o one_o hundred_o thousand_o guineas_fw-la at_o 24_o s._n 6_o d._n when_o at_o the_o same_o time_n the_o price_n currant_n in_o town_n be_v 25_o s._n 6_o d._n and_o 26_o s._n and_o ever_o since_o neither_o pay_v nor_o receive_v any_o and_o by_o other_o way_n it_o have_v endeavour_v all_o it_o can_v to_o prevent_v the_o rise_n of_o guineas_n vide_fw-la mr._n godfry_n account_n it_o do_v never_o send_v any_o guineas_n into_o the_o country_n nor_o to_o any_o place_n whatsoever_o to_o exchange_n for_o silver_n money_n or_o clip_v money_n nor_o to_o purchase_v any_o direct_o or_o indirect_o it_o have_v lend_v above_o 40000_o l._n on_o land_n and_o do_v never_o refuse_v to_o lend_v money_n upon_o any_o mortgage_n that_o aught_o to_o be_v deem_v a_o sufficient_a and_o proper_a security_n finis_fw-la