Selected quad for the lemma: england_n
Text snippets containing the quad
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ID |
Title |
Author |
Corrected Date of Publication (TCP Date of Publication) |
STC |
Words |
Pages |
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A31631
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The several articles or parts of the proposal upon land-credit rationally explained.
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Chamberlen, Hugh.
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1695
(1695)
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Wing C1888; ESTC R217691
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5,645
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4
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the_o several_a article_n or_o part_n of_o the_o proposal_n upon_o land-credit_n rational_o explain_v it_o be_v necessary_a the_o rent_n secure_v shall_v be_v much_o great_a and_o for_o a_o long_a time_n than_o the_o rent_n secure_v that_o so_o the_o credit_n raise_v thereupon_o may_v be_v certain_o answer_v therefore_o one_o hundred_o and_o fifty_o pound_v per_fw-la annum_fw-la for_o one_o hundred_o and_o fifty_o year_n which_o amount_v in_o that_o time_n to_o twenty_o two_o thousand_o five_o hunâ—red_a pound_n be_v require_v to_o secure_v ten_o thousand_o pound_n charge_v thereupon_o the_o great_a advantage_n hereby_o accrue_v to_o the_o subscriber_n be_v not_o the_o only_a reason_n â—hy_a estate_n be_v propose_v to_o be_v engage_v herein_o for_o so_o long_a a_o term_n and_o so_o great_a a_o sum_n â—ut_v likewise_o that_o there_o may_v be_v a_o sufficient_a joint-stock_n settle_v to_o make_v good_a for_o want_n of_o 〈◊〉_d register_n defective_a title_n if_o any_o such_o shall_v be_v engage_v which_o can_v be_v no_o way_n â—â—se_v provide_v against_o and_o also_o to_o strengthen_v the_o fund_z and_o it_o will_v certain_o be_v much_o â—ore_o beneficial_a to_o the_o nation_n in_o general_n to_o have_v ten_o thousand_o 〈…〉_o â—pon_n the_o same_o estate_n though_o the_o ten_o thousand_o pound_n be_v lose_v at_o ten_o year_n end_n than_o 〈◊〉_d have_v but_o two_o thousand_o pound_n current_n so_o long_o without_o be_v lose_v and_o further_o for_o â—â—at_v so_o good_a a_o design_n may_v not_o be_v hazard_v much_o less_o lose_v for_o want_v of_o a_o sufficient_a â—â—pport_n the_o first_o payment_n of_o the_o annual_a rent_n be_v not_o to_o be_v make_v till_o after_o the_o freeholder_n â—â—all_v have_v receive_v the_o three_o payment_n in_o bill_n of_o credit_n at_o the_o end_n of_o the_o second_o year_n 〈◊〉_d that_o he_o will_v be_v possess_v of_o above_o the_o full_a value_n of_o his_o estate_n according_a to_o the_o preâ—â—nt_a rate_n of_o purchase_n before_o he_o can_v be_v one_o farthing_n out_o of_o pocket_n the_o thousand_o pound_n pay_v down_o at_o first_o into_o this_o office_n by_o the_o freeholder_n in_o sterling_a money_n be_v neither_o lend_v give_v advance_a nor_o lose_v only_o exchange_v into_o bill_n of_o â—redit_n which_o be_v money_n of_o another_o species_n or_o another_o measure_n of_o trade_n as_o change_v gold_n into_o silver_n &_o vice_fw-la versa_fw-la and_o so_o no_o loss_n thereby_o be_v pay_v into_o the_o joint-stock_a and_o employ_v to_o help_v the_o circulation_n of_o the_o bill_n beside_o which_o thousand_o â—â—und_n the_o subscribe_v freeholder_n will_v receive_v five_o thousand_o pound_n as_o propose_v in_o â—â—nsideration_n of_o settle_v his_o estate_n to_o answer_v this_o credit_n and_o three_o thousand_o pound_n â—â—ore_o include_v the_o thousand_o pound_n pay_v in_o money_n fora_fw-la joint-stock_n which_o together_o will_v treble_o exceed_v the_o value_n of_o his_o estate_n according_a to_o common_a computation_n these_o bill_n or_o ticket_n of_o credit_n be_v propose_v to_o be_v deliver_v gradual_o at_o several_a 〈◊〉_d successive_a time_n to_o the_o freeholder_n for_o the_o follow_a reason_n though_o many_o more_o â—â—ight_n if_o necessary_a be_v offer_v vizt_v first_o because_o if_o they_o be_v to_o be_v pay_v all_o at_o once_o â—ere_z may_z possible_o be_v such_o a_o glut_v of_o credit_n that_o other_o commodity_n can_v not_o keep_v â—â—ce_n and_o increase_v proportionable_o therewith_o which_o may_v be_v a_o loss_n to_o private_a person_n â—â—o_o '_o none_n to_o the_o public_a unless_o by_o excessive_a raise_v the_o price_n of_o foreign_a commodity_n â—r_o buyer_n will_v always_o multiply_v in_o proportion_n with_o money_n and_o plenty_n of_o this_o current_a â—redit_n superior_a in_o use_n and_o value_v to_o other_o money_n will_v give_v tradesman_n a_o mighty_a prospect_n of_o good_a market_n and_o they_o will_v then_o as_o they_o do_v now_o always_o proviâ—â—_n good_n sufficient_a to_o answer_v the_o number_n of_o their_o chapman_n which_o proportion_n with_o out_o a_o law_n regulate_v market-price_n and_o this_o further_a reason_n may_v be_v add_v thaâ—_n hereby_o person_n who_o may_v have_v prior_n engagement_n and_o for_o want_v of_o notice_n do_v noâ—_n timely_o enter_v their_o claim_n may_v still_o find_v their_o full_a satisfaction_n out_o of_o what_o remain_v the_o joint-stock_n be_v not_o design_v only_o to_o increase_v trade_n though_o that_o be_v a_o very_a gooâ—_n consideration_n but_o also_o to_o strengthen_v the_o fund_z and_o to_o remain_v a_o security_n liable_a to_o makâ—_n good_a all_o loss_n by_o bad_a title_n and_o therefore_o it_o be_v submit_v to_o the_o controll_n of_o the_o director_n to_o prevent_v loss_n by_o too_o apparent_a hazard_n and_o from_o be_v embezzle_v the_o joint-stock_n like_o other_o will_v be_v manage_v by_o such_o governor_n as_o the_o subsciber_n shall_v annual_o choose_v but_o still_o under_o the_o controll_n already_o mention_v and_o thâ—â—_n shall_v have_v such_o allowance_n out_o of_o a_o moiety_n of_o the_o profit_n as_o the_o subscriber_n shaâ—â—_n judge_v reasonable_a and_o appoint_v if_o this_o joint-stock_n produce_v more_o profit_n to_o the_o freeholder_n than_o he_o be_v hereby_o oblige_v to_o pay_v annual_o as_o in_o all_o probability_n it_o will_v than_o the_o estate_n settle_v as_o aforesaid_a fâ—â—_n one_o hundred_o and_o fifty_o year_n become_v only_o a_o collateral_a security_n and_o pay_v nothing_o to_o avoid_v the_o danger_n of_o loss_n to_o the_o public_a as_o well_o as_o to_o themselves_o and_o all_o other_o concern_v which_o all_o former_a bank_n as_o well_o as_o banker_n be_v subject_a to_o by_o lodging_n thâ—_n trust_v and_o power_n of_o deceive_v the_o nation_n and_o the_o management_n and_o profit_n in_o thâ—_n same_o hand_n they_o be_v by_o this_o constitution_n divide_v for_o the_o trust_n be_v whole_o committeâ—_n to_o know_v impartial_a director_n of_o public_a character_n and_o the_o profit_n if_o any_o after_o thâ—_n defray_v all_o expense_n remain_v to_o the_o undertaker_n so_o that_o the_o director_n if_o not_o bâ—â—â—led_v by_o their_o honour_n and_o conscience_n be_v not_o under_o the_o least_o temptation_n from_o the_o interest_n to_o break_v their_o trust_n by_o issue_v forth_o more_o credit_n than_o they_o have_v fund_z to_o answer_v and_o the_o undertaker_n though_o their_o inclination_n be_v never_o so_o strong_a to_o purâ—â—â—_n their_o seem_a interest_n to_o the_o hazard_n of_o the_o public_a loss_n have_v not_o the_o least_o poweâ—_n which_o all_o other_o bank_n and_o banker_n have_v though_o their_o prudence_n and_o honesty_n may_v forbâ—â—_n their_o use_v it_o whence_o this_o constitution_n may_v by_o these_o great_a and_o certain_a check_n bâ—â—_n pronounce_v exempt_a from_o any_o damage_n to_o the_o public_a or_o any_o private_a person_n by_o mistaâ—â—_n or_o loss_n it_o may_v be_v observe_v that_o the_o whole_a sum_n hereby_o charge_v upon_o estate_n be_v no_o moâ—â—_n than_o a_o return_n of_o the_o principal_a by_o one_o hundred_o equal_a annual_a payment_n and_o for_o forbearance_n in_o the_o mean_a time_n with_o the_o yearly_a interest_n but_o of_o five_o shilling_n for_o every_o oâ—_n hundred_o pound_n which_o be_v but_o the_o 24_o part_n of_o what_o the_o law_n allow_v to_o be_v pay_v for_o interest_n of_o money_n the_o hundred_o annual_a payment_n be_v neither_o very_a strange_a too_o long_o a_o term_n nor_o without_o precedent_n for_o the_o bank_n of_o england_n though_o settle_v by_o act_n of_o parliament_n have_v a_o perpetual_a income_n unless_o the_o principal_n shall_v be_v pay_v at_o eleven_o year_n end_n by_o the_o nation_n which_o the_o person_n interest_v in_o the_o say_a bank_n hope_n and_o all_o other_o fear_v they_o will_v noâ—_n and_o without_o doubt_n freeholder_n estate_n in_o england_n be_v a_o more_o certain_a fund_z than_o at_o tax_n whatever_o can_v be_v because_o of_o troublesome_a time_n danger_n of_o shut_v up_o the_o exchequer_n again_o of_o be_v a_o grievance_n to_o the_o people_n as_o all_o tax_n be_v more_o or_o less_o and_o bâ—cause_n tax_n be_v impose_v whenas_o this_o be_v free_o choose_v and_o for_o gain_v not_o loss_n and_o aâ—_n so_o for_o that_o money-bank_n may_v be_v a_o temptation_n to_o a_o conqueror_n and_o land-bank_n caâ—not_v and_o consequent_o this_o proposal_n be_v much_o better_o and_o more_o secure_a than_o the_o saiâ—_n bank_n which_o be_v found_v only_o upon_o private_a reputation_n and_o the_o tonnage_n or_o excise_n tax_n or_o than_o the_o bank_n of_o amsterdam_n which_o the_o city_n be_v bind_v only_o by_o their_o interest_n and_o reputation_n to_o make_v good_a nor_o can_v any_o other_o bank_n in_o the_o world_n be_v superior_a to_o this_o in_o any_o respect_n here_o be_v provide_v more_o ready_a money_n to_o help_v circulate_v this_o credit_n than_o any_o other_o bank_n have_v to_o make_v their_o bill_n current_a for_o here_o will_v be_v a_o four_o part_n money_n whenas_o the_o