Selected quad for the lemma: england_n

Word A	Word B	Word C	Word D	Occurrence	Frequency Band	MI	MI Band	Prominent
england_n	arise_v	commerce_n	great_a	14	3	2.1077	3	false

Text snippets containing the quad

ID	Title	Author	Corrected Date of Publication (TCP Date of Publication)	STC	Words	Pages
A29545	The following proposals for, and accounts of, a national land-bank having been printed at London its proveable many gentlemen who would have subscribed thereto, by reason of the distance of their dwelling from thence, have had nothing, or had but an imperfect account of it, for informing whom true copies of several of Mr. Brisco's papers are herewith reprinted ...	Briscoe, John, fl. 1695.	1695 (1695)	Wing B4750; ESTC R25948	11,974	9

propose to Your Honours whatsoever may occur to any of them for the Service of the Publick and whosoever spends his Time and Estate in so doing presumes he is safe and under Your Honours Protection if not it will certainly be a Bar to all future Ingenuity and will for ever discourage Persons from offering any thing to Your Honours that may tend to the Good of the Nation But I am well satisfied Your Honours will not countenance any who shall go about to deprive me of the Fruit of my Industry and therefore tho I have been often told that the Persons who are engaged in setting up a Bank in opposition to me will certainly bear me down by an Interest too powerful for me to withstand yet I think my self secure in Your Honours Justice and Impartiality and in assurance thereof I shall God willing proceed upon what I have undertaken not doubting but with Your Honours Assistance to surmount all those Difficulties which the Ignorance of some and Envy of others may lay in my way I beg leave to subscribe my self Your Honours most Humble and most obedient Servant John Briscoe Advice to the Free-Holder THose who have made an Estimate of the Yearly Estates and Money of the Kingdom have computed the former to be worth above 300 Millions and the latter not above 5 Millions in value and yet it is most certain and apparent That those who have the 5 Millions have more Credit and are of greater account than those who are the Owners and Proprietors of the 300 Millions and the Landed-Men are Servants to the Monied-men so far as the Borrower may be said to be a Servant to the Lender Now forasmuch as this is most undoubtedly true and Matter of Fact I shall endeavour with as much Brevity as I can to shew the Freeholder From whence this great Inequality arises The Vnreasonableness of this Inequality And Propose Proper Expedients to remedy it The First and Principal Reason of this great Inequality proceeds from a mistake in making Gold and Silver the only Medium of our Trade and Commerce and consequently a Living Stock to the Owners thereof while the Land of England is a Dead Stock to the Proprietors For tho a Gentleman may have a considerable Estate in Land yet he receives no Profit or Advantage thereby but the bare accruing Income of such Estate and if he wants 2000 or 3000 l. altho he have an Estate in Land worth 20000 l. yet he cannot be supplied out of his own Estate but is forced to borrow of others at high Interest and with no small expence of Time and Money in examining his Title drawing Writings c. which eats into the very heart and Bowels of his Estate And for this Reason Gentlemen whose Estates are in Land have but little if any Credit for their Estates being as hath been observed a Dead Stock upon which they cannot raise Money but with great Charge and Difficulty none care to trust them because it does not appear how they shall be payed For suppose a Gentleman be superlatively honest and willing to discharge his Obligations yet the Nature of his Estate if it be in Land is such that if his Debts are greater than his yearly Income will discharge he is uncapable of paying them unless he engages his Land which besides the Charge does often terminate in the ruin of him and his Estate Another Reason of this Inequality is the different Tempers of the Landed and the Monied-Men occasioned in some Measure from the different Circumstances of their Estates for Gold and Silver tho living-Stocks yet lying in the Chest are dead Estates being no longer profitable than when they are circulating which puts the Monied-Men upon Exercising their Wits making them sharp and quick-sighted and ready to lay hold of any Thing that offers which may tend to their Advantage For Instance when the Parliament passed an Act granting a Bank to the Subscribers of 1200000 l. no sooner were the Books laid open to receive Subscriptions but the same was filled up in 10 or 12 Days space not a Fund is settled by Parliament but if a Million or more in Money be wanting it is presently raised and paid in by the Monied-Men upon the least Encouragement and without asking many Questions by which Means several of them have raised considerable Estates since the War began On the other Hand the Landed Men living commonly remote from and consequently being Strangers to Business are contented with the Product of their Land and if they can keep both Ends together they think they do well and take little or no care of farther Improvements which makes them commonly regardless of and deaf unto all Proposals that are made for the advancing their Estates And tho they ought not to be blamed for a prudent Cautiousness how they embarass themselves or their Estates with Things they do not understand being sensible how difficult it is to get clear when they are once incumber'd yet I think such again are very much wanting to themselves who reject every Offer that is made them for their Advantage without examining whether it be reasonable or whether they may safely close with it Having briefly enquired into the Causes I shall proceed to shew the Unreasonableness of this Inequality which I will do by a plain and familiar Instance or Example Suppose then A hath an Ingot of Gold worth 1000 l. B hath a Bar of Silver worth as much and C hath 100 Acres of Land of the like value the Gold or Silver in one entire piece is useless and will yeild no Profit or Advantage to A or B while the 100 Acres of Land which C hath in one entire piece or parcel yield him Pasture for Cattle Timber Fire-wood c. without any Charge bestowed upon it Now what Rational Man will not prefer the 100 Acres of Land before the Gold or Silver which will produce more Profit to the Proprietor than 10000 such Barrs or Ingots the one being a living the other dead Estates And therefore any Person who knew not to what uses Gold and Silver are converted would doubtless believe C to be out of his Senses to borrow of A or B one half of the said Gold or Silver and to make over his 100 Acres of Land for Security to restore the same and to give 30 l. per Annum for the use of it besides other Charges and yet this is the constant and daily practice of all such who take up Money upon the Security of their Estates Now if we examine into the Reason thereof it is no more than this The Legislative Power hath made Gold and Silver to be the only Medium of Trade and Commerce and hath thereby turned those which before were dead Commodities into living Stocks which for the greater Convenience of Trade are carried to the Mint where they are divided into several needful Parts and the Stamp of Authority impressed upon them While the Land which is a

so many to be Directors or Managers and also one or more Treasurer or Treasurers of the said intended Land-Bank to be continued in their respective Offices for so long time as the Subscribers or Major part of them shall think fit and no longer That each Subscriber shall have one Vote in the Election of Trustees Managers and Treasurers for each 50 l. per Annum by him or her subscribed That any Person or Persons who shall settle his or their Estate or Estates upon the said Trustees shall at any time after such Settlement of such Estate or Estates have in Money or Bills of Credit to the Value of three fourth parts of his or their Estate or Estates so settled he or they paying to the said Directors or Managers Two Pence per Cent per Diem being 3 l. 0 s. 10 d. per Cent. per Annum for Interest and all other Charges whatsoever and no more and may also repay to the said Directors or Managers all or any part of the same at any time or times whensoever and as it shall best sute with his or their Conveniency to repay the same but no Man's Estate is to stand or be engaged for any other or greater Sum than what he himself shall actually receive and be indebted for * The Proposer doubts not but he shall be able to reduce the Interest which the Freeholders is to pay to less than 3 l. per Cent. per Annum as will appear by the Conditions in the Subscription-Books to which all Persons for farther Satisfaction are referr'd JOHN BRISCOE An Account of the National Land-Bank I HAVE in my Treatise Intituled A Discourse on the Late Fund c. shown That Trade is the Medium of Riches and Money the Medium of Trade That as no Nation can grow rich without Trade so Trade cannot be carried on without Money That what any Nation appoints to be the Medium of their Trade the same is the Money of that Nation That Money ought to carry or convey along with it an intrisick Value that the Receiver may be no Loser thereby That Gold and Silver being made the medium of our Trade if we have not a Sufficiency of those Commodities our Trade will be at a Stand for want of Money to carry it on except some other Medium be establish'd or such Defect supplied by Credit That wheresoever a Credit is given if there be not a Valuable Fund to answer it such Credit is unsecure That we have not Money enough in England to maintain our Trade and are forced to extend our Credit to supply that Defect That our Credit for want of a certain Fund hath been generally unsafe and many by that means have been great Losers and not a few ruined That this Scarcity of Money occasions High Interest That High interest is ruinous to Trade and fatal to Landed-men and will bring down the Value of their Estates That we are under a necessity to create some new Species of Money our present Species being debased and melted down or to establish some secure Fund of Credit to supply the Want of Money or else we must expect a Decay of our Trade I Proposed to the Honourable House of Commons the last Session of Parliament a Method to make the Lands of England or rather England it self a Medium of Trade and Commerce as it conveys an intrinsick Value or a Fund of Credit as it is the most undoubted Security shewing how it was easily reducible to Practice and might be rendred either way as useful in Trade and Commerce as Gold or Silver I shewed the many Advantages that the whole Nation would reap if my said proposals passed into an act viz. That his Majesty would more easily and upon better Terms be supplied with Money That it will encrease our Trade enrich the Nation encourage Handicrafts and Artificers and employ Thousands who are in a starving Condition That it will double Gentlemens yearly Estates enable such whose Estates are mortgaged to clear their Incumbrances and with ease to raise Portions for their Children and that it will undoubtedly bring Land to 40 Years Purchase with several other advantages too tedious to enumerate and do therefore for brevity sake refer those who desire farther Satisfaction to my fore mentioned Book or to a late printed paper publish'd by Dr. Barbone intituled An Account of the Land-Bank which the Author hath mostly collected out of my Writings But the immediate Supply for support of the War and consequently of the Goverment with some other things interveening towards the Close of the Sessions post-poned the Bill that it did not pass through the House which I hope notwithstanding to see effected the next Sessions of Parliament I shall however in the mean time for the benefit and Advantage of the Landed Men endeavour with their Assistance to reduce the same into practice so far as it is capable of being done without an Act of Parliament and to turn their Estates into a Living Stock by making them as serviceable as so much ready Money But because it will be very difficult to effect the same if the Managment be in such privat hands whose Interests are separate and distinct from Freeholders and who will therefore most certainly prefer their own privat Advantage before the publick Good I propose That till the Parliament shall otherwise order and direct the whole Trust and Goverment of this intended National Land-Bank shall be in the hands of such whom the Landed-Men themselves shall nominate and appoint and from whom they may expect just and candid Dealing But I must make it my Request that Gentlemen for their own Good will not be too inquisitive into my Methods of managment till they shall put me into a Capacity by a competent number of Subscriptions to reduce the same into practice which I think I may reasonably desire since they will not be at a Penny Charge nor under the least Obligation to settle their Estates unless after they shall have chosen the Trustees and Directors they shall approve of the Methods I shall then propose and shall thereupon settle their Estates in Trust upon the said Trustees for the foresaid purposes And the rather because some Persons have lately attempted to raise a Bank upon the Foundation of my fore-mentioned Book only with this Difference that whereas I have proposed That the Landed-Men whose Estates must be the the Fund may have Money for 3 l. 0 s. 10 d. per Cent per Annum Interest and have the Government and Profit of the Bank and consequently the Managment of their own Estates The said Gentlemen have proposed to lend Money to the Land-Men whose Estates also are to be the Fund for 3 l. 10 s. per cent per annum and to invest the Government and profits of their Bank in the Subscribers of 100000 l. in Money and therefore I must expect they will not fail to put in practice any Method I shall propose which may be a Furtherance to