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england_n king_n parliament_n westminster_n 3,033 5 9.8483 5 false
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ID Title Author Corrected Date of Publication (TCP Date of Publication) STC Words Pages
A25994 Several assertations proved in order to create another species of money than gold and silver Asgill, John, 1659-1738. 1696 (1696) Wing A3932; ESTC R16480 21,802 88

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security_n entail_v on_o freehold_a estate_n be_v as_o real_a encumbrance_n upon_o they_o as_o fine_n upon_o alienation_n be_v upon_o copy-holds_a and_o if_o as_o have_v be_v observe_v the_o transfer_v the_o title_n of_o land_n to_o money_n and_o make_v the_o assignment_n of_o every_o piece_n to_o be_v by_o deed_n will_v depreciate_v it_o and_o incapacitate_v it_o from_o be_v money_n by_o the_o same_o reason_n the_o transfer_v the_o title_n of_o money_n to_o land_n and_o make_v the_o delivery_n only_o to_o be_v a_o title_n will_v of_o itself_o render_v they_o much_o more_o valuable_a and_o though_o the_o equitable_a interest_n only_a which_o be_v the_o bill_n can_v be_v assign_v by_o delivery_n yet_o the_o less_o charge_n be_v incident_a to_o transfer_v the_o legal_a estate_n the_o more_o valuable_a the_o land_n will_v be_v and_o this_o be_v the_o intent_n of_o be_v incorporate_v a_o great_a part_n of_o the_o town_n and_o trade_n in_o england_n have_v be_v incorporate_v by_o king_n or_o parliament_n for_o the_o conveniency_n of_o do_v their_o own_o business_n the_o worsted-weaver_n in_o yarmouth_n and_o lynn_n be_v each_o of_o they_o incorporate_v by_o parliament_n in_o 15_o the_o hen._n 8._o with_o a_o power_n to_o have_v a_o seal_n for_o their_o own_o clothes_n for_o no_o other_o reason_n than_o that_o it_o be_v before_o painful_a and_o costly_a for_o they_o to_o carry_v their_o clothes_n to_o be_v seal_v at_o norwich_n which_o they_o be_v oblige_v to_o by_o a_o former_a act._n and_o the_o school_n of_o norleech_n in_o gloucester-shire_n be_v incorporate_v by_o parliament_n in_o 4._o jac._n 1._o upon_o the_o opinion_n of_o three_o lord_n keeper_n and_o two_o judge_n that_o they_o ought_v to_o be_v incorporate_v in_o order_n to_o stand_v seize_v of_o their_o own_o land_n for_o that_o the_o survive_a feoffee_n of_o the_o school-land_n go_v about_o to_o defraud_v the_o school_n by_o make_v a_o long_a lease_n to_o his_o own_o son_n under_o a_o small_a rent_n if_o 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draw_v for_o that_o purpose_n by_o the_o late_a opposer_n of_o the_o act._n now_o all_o these_o be_v conveniency_n only_o grantable_a by_o the_o legislative_a power_n without_o charge_v any_o man_n property_n and_o the_o use_n of_o they_o seem_v so_o necessary_a and_o advantageous_a it_o can_v be_v doubt_v but_o the_o legislative_a power_n will_v encourage_v this_o invention_n by_o revive_v these_o clause_n fifteen_o assertion_n that_o it_o can_v be_v doubt_v but_o the_o owner_n of_o the_o land_n will_v ready_o receive_v and_o use_v this_o invention_n silver_n and_o gold_n be_v foreign_a commodity_n prove_v buy_v of_o those_o who_o be_v sometime_o our_o ally_n and_o sometime_o our_o enemy_n and_o we_o by_o virtue_n of_o our_o agreement_n have_v make_v they_o money_n to_o the_o depreciate_a the_o value_n of_o our_o own_o land_n and_o shall_v not_o we_o by_o the_o same_o agreement_n make_v money_n of_o our_o land_n which_o will_v cost_v nothing_o and_o double_a the_o value_n of_o the_o land_n by_o do_v it_o never_o be_v any_o thing_n more_o eager_o receive_v than_o proposal_n for_o lower_a the_o interest_n of_o money_n insomuch_o that_o the_o notion_n of_o it_o disperse_v in_o common_a pamphlet_n bring_v man_n out_o of_o all_o country_n only_o to_o hear_v silly_a man_n talk_v about_o it_o perhaps_o some_o ceremony_n may_v be_v use_v in_o the_o order_n and_o precedency_n of_o come_v into_o this_o invention_n when_o that_o doctrine_n which_o we_o now_o profess_v to_o be_v our_o religion_n be_v first_o vent_v in_o the_o world_n the_o priest_n and_o ruler_n stand_v off_o and_o will_v not_o meddle_v with_o it_o because_o they_o be_v safe_o post_v at_o the_o head_n of_o the_o church_n and_o state_n and_o have_v no_o occasion_n to_o expose_v their_o reputation_n by_o turn_v projector_n and_o venture_v upon_o a_o new_a thing_n before_o they_o know_v whether_o it_o will_v take_v or_o not_o and_o therefore_o they_o set_v the_o publican_n and_o harlot_n who_o think_v 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and_o consequent_o have_v the_o power_n of_o give_v credit_n in_o that_o country_n and_o therefore_o whatever_o they_o will_v accept_v for_o their_o commodity_n be_v money_n man_n deal_v in_o nothing_o but_o earth_n the_o merchant_n be_v the_o factor_n of_o the_o world_n to_o exchange_v one_o part_n of_o the_o earth_n for_o another_o the_o king_n himself_o be_v feed_v by_o the_o labour_n of_o the_o ox_n and_o the_o clothing_n of_o the_o army_n and_o the_o victual_v of_o the_o navy_n must_v all_o be_v pay_v for_o to_o the_o owner_n of_o the_o soil_n as_o the_o ultimate_a receiver_n and_o whatever_o the_o ultimate_a receiver_n will_v demand_v or_o accept_v must_v be_v a_o rule_n for_o the_o intermediate_v receiver_n to_o govern_v themselves_o by_o all_o the_o other_o contract_v of_o the_o kingdom_n must_v follow_v the_o reservation_n of_o the_o rent_n and_o hence_o it_o be_v that_o all_o the_o present_a contract_n of_o the_o kingdom_n be_v agree_v to_o be_v pay_v in_o money_n because_o the_o rent_n of_o the_o land_n be_v reserve_v payable_a in_o it_o and_o therefore_o if_o these_o rent_n be_v reserve_v in_o the_o security_n of_o land_n form_v into_o the_o quality_n of_o money_n which_o we_o call_v bill_n it_o will_v force_v other_o contract_n to_o be_v make_v payable_a in_o these_o bill_n and_o consequent_o make_v these_o bill_n effective_a money_n second_o as_o they_o will_v thereby_o become_v effective_a money_n so_o they_o will_v become_v lawful_a money_n of_o england_n because_o the_o law_n will_v compel_v the_o payment_n of_o they_o the_o law_n of_o england_n have_v give_v no_o other_o sanction_n to_o gold_n or_o silver_n than_o to_o certify_v the_o value_n of_o it_o to_o tell_v the_o people_n what_o it_o be_v that_o when_o they_o make_v contract_n about_o it_o they_o may_v know_v what_o they_o do_v the_o law_n say_v that_o such_o a_o piece_n of_o money_n stamp_v into_o the_o king_n coin_n shall_v be_v esteem_v five_o shilling_n of_o lawful_a money_n of_o england_n whereby_o whoever_o make_v a_o contract_n to_o pay_v five_o shilling_n of_o lawful_a money_n of_o england_n know_v what_o he_o be_v to_o deliver_v and_o he_o know_v that_o the_o delivery_n of_o that_o piece_n will_v be_v a_o good_a discharge_n of_o his_o contract_n but_o the_o law_n never_o compel_v any_o person_n to_o make_v these_o contract_n nor_o ever_o compel_v the_o payment_n of_o this_o money_n or_o make_v the_o tender_a thereof_o to_o be_v a_o good_a payment_n in_o any_o case_n but_o where_o it_o so_o agree_v between_o the_o party_n and_o this_o be_v no_o more_o but_o what_o the_o law_n do_v to_o any_o other_o thing_n contract_v for_o as_o well_o as_o money_n the_o law_n no_o more_o admit_v gold_n or_o silver_n money_n to_o be_v a_o tender_a for_o corn_n or_o cattle_n contract_v to_o be_v deliver_v than_o it_o do_v admit_v corn_n or_o cattle_n to_o be_v a_o tender_a for_o gold_n or_o silver_n money_n contract_v to_o be_v deliver_v for_o the_o law_n respect_v nothing_o 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soyl._n first_o they_o be_v more_o useful_a prove_v gold_n and_o silver_n serve_v but_o for_o one_o use_n at_o one_o time_n while_o they_o be_v use_v for_o money_n they_o can_v be_v use_v for_o nothing_o else_o and_o while_o they_o be_v use_v for_o any_o thing_n else_o they_o can_v be_v use_v for_o money_n but_o land_n may_v be_v convert_v into_o money_n without_o lose_v their_o other_o faculty_n they_o serve_v for_o both_o use_n at_o the_o same_o time_n the_o owner_n keep_v the_o possession_n and_o receive_v the_o profit_n of_o the_o soil_n while_o the_o security_n thereof_o be_v use_v for_o money_n and_o this_o be_v what_o can_v be_v do_v in_o security_n of_o pledge_n or_o pawn_n of_o commodity_n sever_v from_o the_o soil_n for_o when_o the_o owner_n make_v these_o a_o security_n he_o must_v part_v with_o they_o out_o of_o his_o possession_n and_o can_v make_v no_o use_n of_o they_o till_o he_o have_v redeem_v they_o 2._o as_o they_o be_v more_o useful_a so_o they_o be_v more_o 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accept_v they_o at_o a_o high_a rate_n and_o that_o they_o will_v be_v gainer_n thereby_o the_o profit_n of_o a_o bank_n depend_v upon_o the_o credit_n of_o their_o bill_n prove_v and_o the_o credit_n of_o their_o bill_n depend_v upon_o their_o make_v they_o more_o valuable_a than_o money_n and_o the_o make_v their_o bill_n more_o valuable_a than_o money_n depend_v on_o their_o accept_n of_o they_o at_o a_o high_a rate_n than_o money_n money_n and_o bill_n never_o keep_v long_o at_o a_o par_fw-fr if_o bill_n be_v not_o better_a than_o money_n they_o will_v soon_o be_v worse_o if_o money_n get_v the_o upper_a hand_n of_o credit_n it_o put_v a_o end_n to_o all_o credit_n there_o be_v at_o this_o day_n no_o credit_n in_o the_o kingdom_n credit_n be_v when_o man_n choose_v bill_n rather_o than_o money_n and_o not_o when_o they_o take_v they_o only_o because_o they_o can_v receive_v money_n the_o present_a credit_n of_o the_o kingdom_n be_v no_o more_o than_o the_o credit_n of_o a_o man_n who_o can_v pay_v his_o debt_n and_o therefore_o give_v bond_n which_o his_o creditor_n be_v force_v to_o accept_v for_o want_v of_o money_n the_o bank_n of_o england_n have_v issue_v out_o bill_n which_o they_o can_v pay_v and_o so_o the_o people_n that_o have_v their_o bill_n must_v keep_v they_o but_o there_o be_v no_o fresh_a money_n bring_v into_o their_o bank_n for_o their_o bill_n without_o which_o no_o credit_n can_v be_v maintain_v and_o they_o find_v great_a demand_n upon_o they_o immediate_o raise_v the_o interest_n upon_o their_o bill_n hope_v thereby_o to_o keep_v those_o bill_n which_o be_v out_o against_o they_o from_o be_v demand_v of_o they_o and_o to_o draw_v in_o fresh_a money_n into_o they_o but_o this_o prove_v so_o ineffectual_a that_o their_o bill_n at_o interest_n be_v at_o no_o more_o value_n than_o their_o bill_n without_o interest_n which_o show_v plain_o that_o the_o give_v interest_n on_o bill_n do_v add_v no_o credit_n to_o a_o bank_n for_o raise_v the_o interest_n on_o the_o bill_n of_o the_o bank_n raise_v the_o interest_n of_o monies_n out_o of_o the_o bank_n and_o so_o keep_v the_o money_n from_o they_o the_o more_o a_o bank_n raise_v their_o interest_n to_o overtake_v the_o money_n the_o fast_o the_o money_n go_v from_o they_o raise_v the_o interest_n 1_o l._n per_fw-la cent._n upon_o bill_n payable_a at_o demand_n raise_v it_o 2_o l._n per_fw-la cent._n on_o common_a security_n therefore_o a_o bank_n shall_v always_o fall_v their_o interest_n as_o fast_o as_o other_o endeavour_v to_o raise_v it_o credit_n be_v no_o more_o to_o be_v beg_v or_o buy_v than_o it_o be_v to_o be_v force_v give_v interest_n on_o bill_n be_v beg_v of_o credit_n or_o buy_v of_o money_n which_o may_v
interest_n of_o the_o government_n and_o people_n prove_v private_a subject_n have_v all_o along_o supply_v the_o government_n with_o money_n through_o the_o bank_n of_o england_n as_o their_o cashier_n who_o have_v take_v upon_o they_o to_o dispose_v of_o it_o as_o their_o own_o and_o magnify_v themselves_o to_o the_o public_a for_o it_o which_o have_v put_v a_o disobligation_n upon_o their_o creditor_n that_o those_o that_o have_v only_o the_o receipt_n of_o the_o money_n shall_v be_v esteem_v the_o owner_n of_o it_o now_o in_o this_o bank_n here_o propose_v the_o bank_n lend_v the_o subject_n and_o enable_v they_o to_o execute_v the_o grateful_a office_n of_o lend_v the_o money_n to_o the_o public_a with_o their_o own_o hand_n and_o to_o receive_v the_o profit_n of_o it_o and_o yet_o the_o bank_n be_v as_o serviceable_a to_o the_o crown_n as_o if_o they_o lend_v they_o the_o money_n direct_o because_o it_o be_v incumbent_n on_o the_o bank_n to_o pay_v the_o bill_n which_o be_v the_o 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for_o their_o defender_n and_o though_o his_o alliance_n by_o blood_n be_v the_o initiate_a of_o his_o title_n to_o the_o crown_n yet_o his_o election_n thereunto_o be_v his_o high_a personal_a honour_n to_o be_v a_o king_n be_v a_o mean_a thing_n in_o comparison_n of_o be_v make_v one_o the_o redeemer_n of_o the_o world_n be_v a_o office_n of_o that_o state_n and_o dignity_n that_o his_o harbinger_n be_v declare_v to_o be_v the_o high_a post_n of_o honour_n that_o ever_o man_n stand_v possess_v of_o and_o yet_o it_o be_v say_v of_o this_o redeemer_n he_o glory_v not_o that_o he_o be_v a_o high_a priest_n but_o that_o he_o be_v make_v a_o high_a priest_n he_o do_v not_o magnify_v himself_o that_o he_o be_v the_o redeemer_n of_o the_o world_n but_o that_o he_o be_v choose_v by_o god_n to_o be_v so_o and_o i_o be_o glad_a to_o find_v my_o argument_n terminate_v here_o for_o by_o this_o i_o know_v i_o have_v do_v because_o i_o have_v run_v it_o where_o i_o can_v go_v no_o further_o nor_o do_v i_o know_v what_o i_o be_v go_v to_o do_v when_o i_o first_o put_v pen_n to_o paper_n or_o where_o i_o shall_v begin_v or_o end_v but_o have_v see_v and_o for_o some_o year_n feel_v the_o extravagant_a rate_n of_o money_n i_o resolve_v to_o search_v the_o pedigree_n of_o it_o as_o man_n do_v of_o upstart_n prefer_v above_o their_o merit_n and_o if_o i_o shall_v find_v it_o of_o a_o honourable_a descent_n and_o absolute_o necessary_a i_o resolve_v to_o conceal_v it_o but_o if_o i_o can_v trace_v its_o original_a to_o be_v mean_a and_o inconsiderable_a i_o resolve_v to_o expose_v it_o thereby_o to_o vilifye_v it_o in_o man_n thought_n as_o not_o so_o indispensable_o necessary_a as_o it_o be_v general_o apprehend_v not_o but_o that_o money_n be_v absolute_o necessary_a but_o not_o the_o very_a money_n of_o gold_n and_o silver_n and_o in_o pursuit_n of_o this_o enquiry_n i_o find_v that_o though_o the_o common_a use_n of_o this_o as_o of_o other_o thing_n be_v obvious_a unto_o all_o 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dangerous_a way_n of_o argue_v because_o if_o one_o position_n happen_v to_o be_v false_a it_o vitiate_v all_o that_o follow_v but_o there_o be_v no_o find_v out_o the_o truth_n any_o other_o way_n it_o be_v a_o easy_a matter_n to_o frame_v sentence_n and_o dance_v up_o and_o down_o with_o they_o and_o never_o be_v discover_v whether_o they_o be_v true_a or_o false_a because_o the_o notion_n be_v not_o digest_v into_o such_o a_o method_n that_o either_o the_o writer_n or_o reader_n can_v judge_v of_o they_o but_o when_o the_o assertion_n be_v positive_a and_o the_o argument_n to_o prove_v they_o follow_v immediate_o upon_o they_o the_o writer_n and_o reader_n can_v the_o better_a judge_n of_o they_o as_o they_o go_v along_o and_o if_o every_o individual_a be_v true_a by_o itself_o than_o the_o whole_a be_v true_a altogether_o or_o else_o not_o and_o upon_o review_n of_o what_o i_o have_v write_v it_o all_o seem_v to_o i_o to_o be_v true_a or_o else_o i_o will_v not_o publish_v it_o but_o yet_o my_o argument_n may_v be_v fantastical_a and_o fallacious_a though_o i_o do_v know_v it_o therefore_o i_o offer_v they_o to_o be_v scan_v by_o other_o truth_n make_v manifest_a be_v the_o foundation_n i_o have_v aim_v at_o and_o though_o my_o assertion_n seem_v bold_a i_o hope_v my_o proof_n do_v manifest_v they_o to_o be_v true_a and_o if_o in_o find_v out_o the_o truth_n i_o have_v speak_v more_o plain_o and_o free_o of_o some_o thing_n that_o have_v fall_v into_o my_o argument_n than_o otherwise_o i_o shall_v do_v i_o hope_v the_o truth_n find_v out_o will_v excuse_v my_o manner_n of_o enquiry_n after_o it_o and_o to_o clench_v the_o nail_n i_o will_v venture_v to_o fling_v in_o a_o bold_a assertion_n than_o all_o the_o rest_n that_o there_o be_v no_o other_o foundation_n to_o build_v and_o support_v the_o credit_n of_o the_o kingdom_n upon_o than_o the_o very_a thing_n hereby_o propose_v but_o this_o be_v a_o negative_a i_o will_v let_v it_o stand_v to_o be_v falsify_v 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upon_o read_v a_o bill_n in_o the_o house_n of_o commons_o entitle_v a_o ordinance_n for_o suppress_v the_o horrible_a sin_n of_o adultery_n a_o member_n there_o move_v that_o the_o title_n may_v be_v a_o ordinance_n for_o the_o more_o secret_a commit_v the_o horrible_a sin_n of_o adultery_n and_o consider_v how_o usury_n and_o extortion_n have_v thrive_v under_o all_o the_o law_n make_v against_o they_o the_o title_n of_o the_o act_n for_o that_o purpose_n may_v have_v be_v for_o the_o more_o artificial_a take_v extortion_n and_o usury_n now_o in_o multiply_v the_o principal_a of_o money_n perhaps_o other_o security_n may_v be_v so_o form_v as_o to_o supply_v the_o use_n of_o money_n as_o well_o as_o the_o security_n on_o land_n but_o the_o credit_n of_o they_o must_v depend_v upon_o their_o alliance_n with_o land_n especial_o since_o the_o owner_n of_o the_o land_n have_v intimation_n of_o their_o strength_n will_v be_v able_a to_o suppress_v any_o credit_n that_o shall_v be_v set_v up_o in_o prejudice_n to_o their_o estate_n and_o after_o all_o this_o have_v i_o not_o a_o great_a authority_n to_o justify_v my_o assertion_n than_o all_o the_o argument_n i_o have_v use_v to_o prove_v they_o i_o dare_v not_o be_v so_o bold_a but_o that_o i_o may_v not_o seem_v immodest_a by_o take_v so_o much_o upon_o i_o i_o own_v myself_o ignorant_a of_o many_o other_o accomplishment_n that_o i_o may_v attain_v to_o this_o i_o have_v wave_v all_o advantage_n in_o my_o profession_n to_o study_v a_o more_o convenient_a settlement_n for_o land_n and_o therefore_o i_o hope_v the_o more_o learned_a and_o successful_a in_o that_o science_n will_v not_o envy_v i_o if_o i_o shall_v be_v the_o author_n of_o a_o improvement_n in_o that_o point_n and_o thereby_o entail_v upon_o myself_o the_o despicable_a name_n of_o a_o projector_n for_o do_v it_o however_o as_o to_o that_o every_o man_n be_v either_o a_o projector_n by_o find_v out_o new_a form_n or_o a_o mechanic_n by_o copy_v after_o they_o and_o if_o they_o who_o give_v i_o the_o character_n of_o the_o former_a will_v please_v to_o accept_v the_o title_n of_o the_o latter_a i_o shall_v not_o think_v myself_o affront_v especial_o since_o the_o sage_n of_o the_o law_n themselves_o who_o have_v choose_v that_o grave_a sentence_n for_o their_o motto_n nolumus_fw-la leges_fw-la angliae_fw-la mutare_fw-la have_v be_v the_o projector_n of_o new_a invention_n in_o the_o law_n which_o by_o time_n have_v grow_v into_o custom_n the_o title_n of_o the_o great_a part_n of_o the_o land_n in_o england_n do_v depend_v upon_o a_o invention_n of_o the_o lawyer_n in_o the_o manner_n of_o pass_a recovery_n to_o bar_v estate_n tail_n notwithstanding_o the_o statute_n of_o westminster_n 2_o and_o for_o though_o the_o writ_n on_o which_o these_o recovery_n be_v ground_v be_v ancient_a yet_o the_o set_n up_o a_o common_a vouchee_n the_o appearance_n of_o all_o party_n without_o process_n execution_n and_o seisin_n and_o return_v of_o the_o writ_n be_v all_o do_v together_o in_o a_o instant_n be_v a_o project_n in_o the_o law_n which_o by_o custom_n have_v gain_v the_o name_n of_o a_o common_a recovery_n and_o be_v now_o become_v a_o common_a assurance_n of_o land_n and_o as_o the_o title_n of_o land_n do_v thus_o depend_v upon_o a_o invention_n in_o the_o law_n so_o the_o manner_n now_o use_v for_o try_v these_o title_n by_o possessory_a action_n term_v ejectment_n be_v a_o invention_n in_o the_o law_n by_o the_o introduce_v of_o which_o the_o ancient_a way_n of_o trial_n by_o real_a action_n be_v become_v so_o obsolete_a that_o at_o a_o call_v of_o sergeant_n the_o count_n and_o plead_n in_o formedon_n be_v transcribe_v from_o precedent_n be_v deliver_v to_o these_o graduate_n only_o to_o be_v read_v over_o by_o they_o as_o relic_n of_o the_o law_n among_o other_o antiquate_a ceremony_n use_v at_o that_o solemnity_n and_o if_o any_o thing_n be_v expect_v from_o i_o relate_v to_o the_o difference_n which_o have_v happen_v from_o pass_v the_o act_n last_o session_n i_o must_v say_v no_o more_o of_o it_o here_o than_o that_o all_o the_o charge_n and_o aspersion_n cast_v upon_o we_o from_o thence_o and_o the_o impeach_a the_o justice_n of_o the_o parliament_n for_o establish_v another_o bank_n while_o the_o bank_n of_o england_n who_o name_n or_o essence_n never_o extend_v beyond_o 1200000_o l._n limit_v they_o by_o the_o act_n be_v in_o be_v be_v so_o vain_a and_o ridiculous_a that_o to_o bind_v they_o up_o with_o the_o name_n of_o god_n and_o the_o king_n who_o i_o have_v dare_v to_o insert_v in_o this_o essay_n will_v render_v i_o guilty_a of_o profaneness_n and_o irreverence_n lincolns-inn_n septemb_n 1696._o j._n asgill_n prove_v prove_v prove_v prove_v prove_v prove_v prove_v prove_v prove_v prove_v prove_v prove_v prove_v prove_v prove_v prove_v prove_v prove_v prove_v prove_v