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england_n daughter_n henry_n king_n 17,788 5 4.5034 4 true
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ID Title Author Corrected Date of Publication (TCP Date of Publication) STC Words Pages
A56032 Proposals for national banks whereby the profirs on usury, to reduc'd to three per cent. per annum, will supply his Majesty more plentifully than ever to carry on the war, exempt the nation from land taxes, great customs and excises, exceedingly promote trade and navigation, and give England many other very large advantages. 1696 (1696) Wing P3729; ESTC R217046 13,089 22

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of_o our_o mother_n the_o nation_n that_o support_v we_o will_v be_v very_o great_a unkindness_n undutifulness_n and_o ingratitude_n to_o she_o nay_o why_o she_o shall_v content_o give_v any_o other_o the_o place_n to_o bereave_v herself_o of_o these_o prodigious_a profit_n which_o be_v rightful_o her_o due_a whilst_o she_o be_v in_o so_o very_o great_a want_n and_o borrow_v on_o so_o very_o hard_a term_n of_o usury_n be_v altogether_o unaccountable_a to_o reason_n or_o justice_n to_o herself_o in_o fine_a if_o the_o parliament_n doubt_v of_o his_o majesty_n be_v punctual_o supply_v by_o this_o true_a sort_n of_o national_a banks_n alone_o by_o themselves_o yet_o if_o our_o ruler_n shall_v but_o grant_v their_o establishment_n without_o lessen_v at_o all_o or_o omit_v the_o least_o part_n of_o the_o other_o supply_v already_o provide_v the_o king_n by_o their_o help_n may_v be_v the_o soon_o assist_v with_o money_n to_o be_v pay_v in_o flanders_n or_o otherwhere_o assoon_o and_o as_o much_o as_o his_o majesty_n himself_o and_o the_o parliament_n please_v without_o export_v our_o own_o cash_n at_o this_o exream_n scarcity_n and_o if_o these_o bank_n may_v have_v leave_n to_o pay_v off_o the_o kingdom_n debt_n as_o fast_o as_o they_o shall_v be_v able_a the_o first_o year_n experience_n will_v undoubted_o raise_v their_o reputation_n by_o acquit_v the_o king_n and_o the_o nation_n from_o payment_n of_o those_o high_a interest_n that_o grate_n hard_o upon_o and_o consume_v very_o much_o of_o their_o treasure_n nay_o even_o of_o all_o interest_n whatsoever_o for_o those_o fund_n that_o be_v redeemable_a and_o yet_o carry_v on_o the_o war_n with_o utmost_a vigour_n though_o the_o charge_n shall_v hereafter_o exceed_v what_o the_o fame_n have_v hitherto_o be_v the_o sense_n whereof_o may_v so_o much_o discourage_v our_o foe_n as_o to_o oblige_v they_o to_o submit_v and_o endeavour_v to_o purchase_v a_o speedy_a peace_n on_o such_o term_n as_o our_o king_n and_o his_o friend_n shall_v be_v please_v to_o admit_v they_o the_o greatness_n of_o the_o tax_n the_o difficulty_n to_o obtain_v money_n the_o dearness_n of_o commodity_n domestic_a and_o foreign_a by_o reason_n of_o high_a custom_n and_o excise_n lie_v hard_o upon_o the_o nobility_n gentry_n and_o all_o other_o impoverish_v the_o tradesman_n hinder_v the_o navigation_n fill_v prison_n starve_v the_o poor_a and_o fupply_v tyburn_n all_o which_o grievance_n this_o most_o excellent_a heal_a true_a sort_n of_o national_a banks_n will_v in_o one_o year_n time_n redress_v to_o admiration_n and_o put_v england_n into_o a_o glorious_a condition_n of_o prosperity_n for_o ever_o but_o shall_v the_o land_a gentry_n and_o other_o true_a lover_n of_o their_o king_n and_o country_n permit_v the_o vast_a profit_n of_o the_o kingdom_n on_o the_o circulation_n of_o paper_n payment_n which_o by_o the_o way_n be_v unjust_o ridicule_v to_o devolve_v into_o the_o chest_n of_o body_n politic_a and_o other_o usurer_n all_o those_o will_v have_v great_a reason_n to_o unite_v together_o to_o strengthen_v their_o party_n and_o the_o exorbitant_a profit_n will_v invite_v all_o gashier_v receiver_n and_o other_o dealer_n in_o money_n as_o also_o the_o rich_a moneyed_a gentleman_n who_o may_v persuade_v some_o of_o the_o very_a member_n of_o parliament_n themselves_o to_o engage_v in_o their_o fellowship_n and_o will_v tempt_v they_o to_o exert_v their_o most_o vigorous_a effort_n to_o influence_n all_o future_a parliament_n though_o under_o specious_a pretext_n to_o favour_v their_o interest_n how_o ill_o soever_o the_o same_o may_v comport_v with_o that_o of_o the_o good_a people_n of_o england_n in_o general_a who_o if_o this_o right_n honest_a sort_n of_o national_a banks_n be_v dislike_v or_o delay_v will_v languish_v under_o the_o loss_n of_o near_a six_o million_o of_o money_n per_fw-la annum_fw-la or_o rather_o of_o much_o more_o as_o the_o same_o be_v compute_v to_o be_v beside_o infinite_a 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height_n and_o perfection_n as_o to_o decay_v and_o supplant_v our_o whole_a traffic_n and_o eclipse_v the_o reputation_n we_o have_v gain_v in_o the_o world_n by_o the_o greatness_n and_o extent_n of_o our_o commerce_n to_o the_o weaken_n of_o our_o naval_a force_n and_o endanger_v our_o safety_n which_o so_o much_o depend_v on_o our_o wall_n of_o wood_n and_o the_o superiority_n of_o our_o ship_n to_o any_o other_o in_o the_o world_n as_o for_o ireland_n it_o can_v be_v imagine_v that_o ingenious_a people_n will_v any_o long_a truckle_n and_o groan_n under_o the_o drudgery_n they_o now_o toil_v of_o 10_o per_fw-la cent._n interest_n together_o with_o the_o difficulty_n of_o procure_a money_n in_o that_o kingdom_n where_o it_o be_v so_o very_o scarce_o and_o hard_o to_o be_v obtain_v beside_o what_o other_o advantage_n they_o may_v strive_v to_o reach_v at_o and_o for_o scotland_n it_o be_v not_o to_o be_v expect_v that_o they_o who_o be_v at_o this_o very_a conjuncture_n so_o 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etc._n etc._n which_o england_n have_v now_o the_o first_o refusal_n to_o be_v if_o it_o please_v and_o will_v soon_o thin_a our_o river_n and_o harbour_n of_o ship_n and_o our_o street_n and_o country_n of_o people_n especial_o of_o the_o numerous_a tradesman_n and_o their_o family_n and_o in_o no_o long_a time_n draw_v london_n to_o edinburgh_n and_o wherein_o the_o benefit_n to_o ireland_n will_v oblige_v the_o no_o little_a assistance_n of_o that_o kingdom_n divers_a other_o cogent_n and_o powerful_a argument_n may_v be_v treat_v of_o which_o have_v not_o meet_v with_o any_o material_a opposition_n unless_o self-interest_n be_v allow_v to_o be_v such_o with_o its_o adherent_a prejudication_n and_o therefore_o whatsoever_o misfortune_n misery_n or_o calamity_n shall_v befall_v england_n through_o the_o want_n of_o these_o glorious_a national_a bank_n it_o may_v seem_v but_o reasonable_a to_o impute_v the_o same_o and_o value_v ourselves_o owe_v therefore_o to_o the_o self-seeking_a 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the_o bank_n upon_o the_o huge_a multitude_n of_o bill_n that_o will_v be_v always_o in_o rotation_n upon_o mortgage_n deposit_v good_n and_o such_o substantial_a personal_a security_n as_o the_o bank_n shall_v approve_v 〈◊〉_d much_o more_o than_o six_o million_o of_o money_n per_fw-la annum_fw-la but_o whatsoever_o that_o shall_v amount_v to_o more_o or_o less_o the_o same_o will_v defray_v in_o great_a part_n if_o not_o all_o or_o more_o than_o all_o the_o expense_n of_o the_o war_n and_o other_o the_o charge_n of_o the_o kingdom_n yet_o as_o to_o personal_a security_n the_o inferior_a bank_n may_v be_v limit_v not_o to_o lend_v above_o one_o thousand_o pound_n to_o any_o one_o person_n without_o the_o approbation_n of_o the_o head_n bank_n in_o london_n for_o the_o nine_o position_n when_o as_o all_o or_o great_a part_n of_o the_o nation_n expense_n shall_v be_v discharge_v by_o the_o interest_n come_v into_o these_o bank_n land_n tax_n custom_n and_o excise_n will_v need_v to_o 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hold_v and_o govern_v the_o balance_n of_o christendom_n more_o effectual_o and_o prevent_v all_o ambitious_a design_n of_o a_o universal_a monarchy_n and_o then_o will_v all_o necessary_n be_v cheap_a to_o the_o gentry_n tradesman_n and_o poor_a so_o as_o all_o the_o people_n of_o the_o land_n will_v live_v much_o better_a and_o easy_o 12._o as_o trade_n increase_v so_o will_v the_o navigation_n to_o degree_n beyond_o what_o can_v be_v at_o present_a foresee_v which_o be_v so_o manifest_o prove_v by_o what_o go_v before_o that_o more_o need_v not_o be_v say_v on_o this_o subject_a 13._o whereas_o at_o present_a many_o gentleman_n son_n do_v but_o help_v to_o fill_v the_o table_n of_o parent_n elder_a brother_n and_o other_o relation_n and_o be_v oftentimes_o burdensome_a guest_n uneasy_a in_o themselves_o and_o though_o against_o their_o will_n useless_a to_o their_o country_n and_o not_o seldom_o by_o their_o circumstance_n expose_v to_o desperate_a course_n if_o these_o bank_n be_v establish_v gentile_a employment_n may_v be_v have_v not_o only_o at_o the_o say_a bank_n but_o in_o a_o multitude_n of_o profitable_a enterprise_n which_o their_o land_a friend_n and_o other_o by_o money_n to_o be_v have_v at_o low_a interest_n and_o at_o hand_n will_v be_v enable_v and_o moneyed_a man_n for_o the_o sake_n of_o their_o own_o advantage_n will_v be_v induce_v to_o help_v they_o to_o good_a post_n in_o and_o so_o will_v the_o grievous_a misfortune_n of_o many_o ingenious_a young_a gentleman_n be_v remedy_v and_o their_o parent_n and_o country_n make_v happy_a by_o they_o who_o now_o either_o linger_v away_o their_o life_n in_o tedious_a misery_n to_o themselves_o and_o charge_n to_o their_o friend_n or_o force_v on_o bad_a practice_n make_v igmominious_a exit_n to_o the_o perpetual_a reproach_n of_o their_o family_n 14._o when_o the_o usurer_n shall_v be_v put_v upon_o other_o study_n to_o make_v profit_n of_o their_o money_n their_o projection_n will_v be_v every_o where_o innumerable_a and_o the_o artificer_n labourer_n and_o poor_a must_v be_v likewise_o call_v in_o to_o put_v all_o undertake_n in_o execution_n which_o together_o with_o the_o bank_n will_v have_v occasion_n for_o so_o many_o of_o both_o sex_n as_o that_o employment_n will_v want_v they_o rather_o than_o they_o will_v lack_v employment_n which_o now_o be_v the_o sad_a case_n of_o thousand_o in_o city_n and_o country_n to_o the_o very_a great_a charge_n of_o all_o parish_n in_o the_o kingdom_n and_o yet_o number_n be_v say_v to_o be_v starve_v beside_o those_o that_o perish_v by_o famine_n in_o prison_n the_o disable_v in_o their_o hand_n may_v go_v on_o errand_n the_o lame_a in_o their_o other_o limb_n may_v turn_v the_o wheel_n of_o the_o maker_n of_o rope_n cordage_n line_n twine_v thread_n etc._n etc._n and_o also_o of_o throwster_n and_o so_o may_v the_o young_a that_o go_v not_o to_o school_n etc._n etc._n so_o as_o none_o other_o than_o the_o superannuated_a impotent_a and_o infant_n will_v wane_v provision_n for_o the_o 15._o advantage_n these_o bank_n will_v procure_v the_o best_a sales_n and_o price_n for_o cloth_n and_o for_o all_o production_n and_o manufacture_n native_a and_o foreign_a because_o they_o will_v sell_v all_o good_n at_o best_a season_n and_o with_o least_o charge_n to_o the_o clothier_n and_o other_o who_o by_o deposit_v ware_n in_o any_o one_o bank_n until_o themselves_o or_o their_o friend_n can_v make_v their_o best_a market_n will_v have_v plenty_n of_o money_n for_o small_a interest_n to_o be_v pay_v they_o near_o home_o or_o afar_o off_o where_o each_o tradesman_n shall_v choose_v to_o answer_v his_o occasion_n without_o be_v oblige_v to_o trifle_v away_o their_o good_n at_o low_a rate_n to_o get_v ready_a money_n and_o to_o carry_v the_o same_o far_o and_o nigh_o to_o obtain_v thing_n useful_a for_o their_o respective_a occupation_n as_o now_o be_v the_o case_n with_o most_o of_o the_o tradesman_n in_o england_n to_o their_o extraordinary_a charge_n hazard_n and_o detriment_n but_o if_o any_o other_o selfdesign_v bank_n under_o what_o name_n title_n or_o disguise_a pretence_n soever_o shall_v be_v tolerate_v to_o enjoy_v to_o themselves_o the_o mighty_a profit_n by_o usury_n on_o the_o nation_n money_n those_o will_v be_v as_o prejudicial_a to_o the_o king_n and_o the_o kingdom_n as_o if_o the_o goldsmith_n and_o scrivener_n still_o have_v it_o the_o case_n be_v alike_o to_o the_o public_a whether_o the_o same_o be_v devour_v by_o the_o one_o or_o the_o other_o nay_o the_o latter_a have_v the_o best_a title_n to_o those_o profit_n because_o it_o be_v the_o livelihood_n they_o be_v breed_v up_o in_o which_o to_o suffer_v body_n politic_a to_o carry_v away_o from_o they_o who_o subsistance_n depend_v thereon_o will_v seem_v oppression_n and_o to_o permit_v they_o to_o monopolise_v those_o to_o themselves_o with_o exclusion_n