Selected quad for the lemma: house_n
Text snippets containing the quad
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B01787
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To the Lords spiritual and temporal and Commons in Parliament assembled. May it please your honours, the last sessions of Parliament I presented you with proposals for setting up a national land-bank ...
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Briscoe, John, fl. 1695.; England and Wales. Parliament.
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1695
(1695)
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Wing B4758; ESTC R225325
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4,660
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4
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to_o the_o lord_n spiritual_a and_o temporal_a and_o commons_z in_o parliament_n assemble_v may_v it_o please_v your_o honour_n the_o last_o session_n of_o parliament_n i_o present_v you_o with_o proposal_n for_o set_v up_o a_o national_a land-bank_n and_o in_o order_n thereunto_o a_o bill_n be_v bring_v in_o by_o order_n of_o the_o honourable_a the_o house_n of_o commons_o and_o be_v refer_v to_o a_o committee_n who_o make_v a_o considerable_a progress_n therein_o but_o the_o bill_n not_o pass_v through_o the_o house_n for_o want_v of_o time_n i_o do_v not_o intend_v to_o put_v my_o proposal_n in_o practice_n until_o the_o next_o session_n of_o parliament_n fear_v it_o may_v be_v look_v upon_o as_o a_o disrespect_n to_o your_o honour_n wherein_o i_o have_v always_o be_v very_o cautious_a of_o offend_v to_o begin_v a_o business_n of_o so_o great_a importance_n before_o i_o have_v a_o authority_n from_o your_o honour_n for_o my_o so_o do_v but_o some_o gentleman_n who_o pretend_v they_o can_v not_o understand_v my_o scheme_n while_o the_o bill_n be_v depend_v before_o the_o house_n of_o commons_o have_v form_v the_o model_n of_o a_o bank_n out_o of_o the_o book_n i_o present_v to_o your_o honour_n only_o to_o make_v it_o look_v like_o a_o novelty_n have_v spoil_v my_o design_n by_o some_o alteration_n of_o their_o own_o it_o be_v doubtless_o a_o duty_n incumbent_n upon_o all_o the_o subject_n as_o i_o mention_v in_o my_o treatise_n entitle_v a_o discourse_n on_o the_o late_a fund_n which_o i_o present_v to_o both_o house_n of_o parliament_n to_o propose_v to_o your_o honour_n whatsoever_o may_v occur_v to_o any_o of_o they_o for_o the_o service_n of_o the_o public_a and_o whosoever_o spend_v his_o time_n and_o estate_n in_o so_o do_v presume_v he_o be_v safe_a and_o under_o your_o honour_n protection_n if_o not_o it_o will_v certain_o be_v a_o bar_n to_o all_o future_a ingenuity_n and_o will_v for_o ever_o discourage_v person_n from_o offer_v any_o thing_n to_o your_o honour_n that_o may_v tend_v to_o the_o good_a of_o the_o nation_n but_o i_o be_o well_o satisfy_v your_o honour_n will_v not_o countenance_v any_o who_o shall_v go_v about_o to_o deprive_v i_o of_o the_o fruit_n of_o my_o industry_n and_o therefore_o though_o i_o have_v be_v often_o tell_v that_o the_o person_n who_o be_v engage_v in_o set_v up_o a_o bank_n in_o opposition_n to_o i_o will_v certain_o bear_v i_o down_o by_o a_o interest_n too_o powerful_a for_o i_o to_o withstand_v yet_o i_o think_v myself_o secure_a in_o your_o honour_n justice_n and_o impartiality_n and_o in_o assurance_n thereof_o i_o shall_v god_n will_v proceed_v upon_o what_o i_o have_v undertake_v not_o doubt_v but_o with_o your_o honour_n assistance_n to_o surmount_v all_o those_o difficulty_n which_o the_o ignorance_n of_o some_o and_o envy_n of_o other_o may_v lay_v in_o my_o way_n i_o beg_v leave_n to_o subscribe_v myself_o your_o honour_n most_o humble_a and_o most_o obedient_a servant_n john_n briscoe_n advice_n to_o the_o freeholder_n those_o who_o have_v make_v a_o estimate_n of_o the_o yearly_o estate_n and_o money_n of_o the_o kingdom_n have_v compute_v the_o former_a to_o be_v worth_a above_o 300_o million_o and_o the_o latter_a not_o above_o 5_o million_o in_o value_n and_o yet_o it_o be_v most_o certain_a and_o apparent_a that_o those_o who_o have_v the_o 5_o million_o have_v more_o credit_n and_o be_v of_o great_a account_n than_o those_o who_o be_v the_o owner_n and_o proprietor_n of_o the_o 300_o million_o and_o the_o landed-man_n be_v servant_n to_o the_o monied-man_n so_o far_o as_o the_o borrower_n may_v be_v say_v to_o be_v a_o servant_n to_o the_o lender_n now_o forasmuch_o as_o this_o be_v most_o undoubted_o true_a and_o matter_n of_o fact_n i_o shall_v endeavour_v with_o as_o much_o brevity_n as_o i_o can_v to_o show_v the_o freeholder_n from_o whence_o this_o great_a inequality_n arise_v the_o vnreasonableness_n of_o this_o inequality_n and_o propose_v proper_a expedient_n to_o remedy_v it_o the_o first_o and_o principal_a reason_n of_o this_o great_a inequality_n proceed_v from_o a_o mistake_n in_o make_v gold_n and_o silver_n the_o only_a medium_fw-la of_o our_o trade_n and_o commerce_n and_o consequent_o a_o live_a stock_n to_o the_o owner_n thereof_o while_o the_o land_n of_o england_n be_v a_o dead_a stock_n to_o the_o proprietor_n for_o though_o a_o gentleman_n may_v have_v a_o considerable_a estate_n in_o land_n yet_o he_o receive_v no_o profit_n or_o advantage_n thereby_o but_o the_o bare_a accrue_a income_n of_o such_o estate_n and_o if_o he_o want_v 2000_o or_o 3000_o l._n although_o he_o have_v a_o estate_n in_o land_n worth_a 20000_o l._n yet_o he_o can_v be_v supply_v out_o of_o his_o own_o estate_n but_o be_v force_v to_o borrow_v of_o other_o at_o high_a interest_n and_o with_o no_o small_a expense_n of_o time_n and_o money_n in_o examine_v his_o title_n draw_v write_n etc._n etc._n which_o eat_v into_o the_o very_a heart_n and_o bowel_n of_o his_o estate_n and_o for_o this_o reason_n gentleman_n who_o estate_n be_v in_o land_n have_v but_o little_a if_o any_o credit_n for_o their_o estate_n be_v as_o have_v be_v observe_v a_o dead_a stock_n upon_o which_o they_o can_v raise_v money_n but_o with_o great_a charge_n and_o difficulty_n none_o care_v to_o trust_v they_o because_o it_o do_v not_o appear_v how_o they_o shall_v be_v pay_v for_o suppose_v a_o gentleman_n be_v superlative_o honest_a and_o willing_a to_o discharge_v his_o obligation_n yet_o the_o nature_n of_o his_o estate_n if_o it_o be_v in_o land_n be_v such_o that_o if_o his_o debt_n be_v great_a than_o his_o yearly_o income_n will_v discharge_v he_o be_v uncapable_a of_o pay_v they_o unless_o he_o engage_v his_o land_n which_o beside_o the_o charge_n do_v often_o terminate_v in_o the_o ruin_n of_o he_o and_o his_o estate_n another_o reason_n of_o this_o inequality_n be_v the_o different_a temper_n of_o the_o land_a and_o the_o monied-man_n occasion_v in_o some_o measure_n from_o the_o differ_a circumstance_n of_o their_o estate_n for_o gold_n and_o silver_n though_o live_v stock_n yet_o lie_v in_o the_o chest_n be_v dead_a estate_n be_v no_o long_o profitable_a than_o while_o they_o be_v circulate_v which_o put_v the_o monied-man_n upon_o exercise_v their_o wit_n make_v they_o sharp_a and_o quick-sighted_a and_o ready_a to_o lay_v hold_n of_o any_o thing_n that_o offer_v which_o may_v tend_v to_o their_o advantage_n for_o instance_n when_o the_o parliament_n pass_v a_o act_n grant_v a_o bank_n to_o the_o subscriber_n of_o 1200000_o l._n no_o soon_o be_v the_o book_n lay_v open_a to_o receive_v subscription_n but_o the_o same_o be_v fill_v up_o in_o 10_o or_o 12_o day_n space_n not_o a_o fund_z be_v settle_v by_o parliament_n but_o if_o a_o million_o or_o more_o in_o money_n be_v want_v it_o be_v present_o raise_v and_o pay_v in_o by_o the_o monied-man_n upon_o the_o least_o encouragement_n and_o without_o ask_v many_o question_n by_o which_o mean_n several_a of_o they_o have_v raise_v considerable_a estate_n since_o the_o war_n begin_v on_o the_o other_o hand_n the_o landed-man_n live_v common_o remote_a from_o and_o consequent_o be_v stranger_n to_o business_n be_v content_v with_o the_o produce_v of_o their_o land_n and_o if_o they_o can_v keep_v both_o end_n together_o they_o think_v they_o do_v well_o and_o take_v little_a or_o no_o care_n of_o further_a improvement_n which_o make_v they_o common_o regardless_o of_o and_o deaf_a unto_o all_o proposal_n that_o be_v make_v for_o the_o advance_v their_o estate_n and_o though_o they_o ought_v not_o to_o be_v blame_v for_o a_o prudent_a cautiousness_n how_o they_o embarass_n themselves_o or_o their_o estate_n with_o thing_n they_o do_v not_o understand_v be_v sensible_a how_o difficult_a it_o be_v to_o get_v clear_a when_o they_o be_v once_o encumber_v yet_o i_o think_v such_o again_o be_v very_o much_o want_v to_o themselves_o who_o reject_v every_o offer_n that_o be_v make_v they_o for_o their_o advantage_n without_o examine_v whether_o it_o be_v reasonable_a or_o whether_o they_o may_v safe_o close_v with_o it_o have_v brief_o inquire_v into_o the_o cause_n i_o shall_v proceed_v to_o show_v the_o unreasonableness_n of_o this_o inequality_n which_o i_o will_v do_v by_o a_o plain_a and_o familiar_a instance_n or_o example_n suppose_v then_o a_o have_v a_o ingot_n of_o gold_n worth_a 1000_o l._n b_o have_v a_o bar_n of_o silver_n worth_a as_o much_o and_o c_o have_v 100_o acre_n of_o land_n of_o the_o like_a value_n the_o gold_n or_o silver_n in_o one_o entire_a piece_n be_v useless_a and_o will_v yield_v no_o profit_n or_o advantage_n to_o a_o or_o b_o while_n the_o 100_o acre_n of_o land_n which_o c_o have_v in_o one_o entire_a piece_n or_o parcel_n yield_v he_o pasture_n for_o
cattle_n timber_n firewood_n etc._n etc._n without_o any_o charge_n bestow_v upon_o it_o now_o what_o rational_a man_n will_v not_o prefer_v the_o 100_o acre_n of_o land_n before_o the_o gold_n or_o silver_n which_o will_v produce_v more_o profit_n to_o the_o proprietor_n than_o 10000_o such_o bar_n or_o ingot_n the_o one_o be_v a_o live_n the_o other_o dead_a estate_n and_o therefore_o any_o person_n who_o know_v not_o to_o what_o use_v gold_n and_o silver_n be_v convert_v will_v doubtless_o believe_v c_o to_o be_v out_o of_o his_o sense_n to_o borrow_v of_o a_o or_o b_o one_o half_a of_o the_o say_a gold_n or_o silver_n and_o to_o make_v over_o his_o 100_o acre_n of_o land_n for_o a_o security_n to_o restore_v the_o same_o and_o to_o give_v 30_o l._n per_fw-la annum_fw-la for_o the_o use_n of_o it_o beside_o other_o charge_n and_o yet_o this_o be_v the_o constant_a and_o daily_a practice_n of_o all_o such_o who_o take_v up_o money_n upon_o the_o security_n of_o their_o estate_n now_o if_o we_o examine_v into_o the_o reason_n thereof_o it_o be_v no_o more_o than_o this_o the_o legislative_a power_n have_v make_v gold_n and_o silver_n to_o be_v the_o only_a medium_fw-la of_o trade_n and_o commerce_n and_o have_v thereby_o turn_v those_o which_o before_o be_v dead_a commodity_n into_o live_a stock_n which_o for_o the_o great_a convenience_n of_o '_o trade_n be_v carry_v to_o the_o mint_n where_o they_o be_v divide_v into_o several_a needful_a part_n and_o the_o stamp_n of_o authority_n impress_v upon_o they_o while_o the_o land_n which_o be_v a_o live_a estate_n for_o want_v of_o be_v make_v a_o medium_fw-la of_o trade_n and_o commerce_n as_o gold_n and_o silver_n be_v remain_v a_o dead_a stock_n to_o the_o great_a damage_n of_o the_o owner_n and_o proprietor_n to_o remedy_n which_o i_o propose_v to_o the_o honourable_a house_n of_o commons_o the_o last_o session_n of_o parliament_n to_o make_v land_n as_o well_o as_o gold_n and_o silver_n a_o medium_fw-la of_o trade_n and_o commerce_n and_o offer_v several_a reason_n for_o the_o same_o show_v how_o land_n may_v in_o all_o respect_n be_v make_v as_o useful_a as_o gold_n or_o silver_n for_o such_o purpose_n but_o foresee_v i_o shall_v meet_v with_o very_o great_a difficulty_n to_o get_v a_o act_n for_o make_v land_n a_o medium_fw-la of_o trade_n i_o thereupon_o apply_v myself_o to_o make_v it_o a_o fund_z of_o credit_n which_o be_v the_o purport_n of_o the_o bill_n that_o be_v under_o the_o consideration_n of_o the_o house_n of_o commons_o and_o be_v the_o design_n of_o my_o present_a proposal_n to_o accomplish_v which_o i_o have_v propose_v that_o since_o no_o single_a man_n estate_n be_v a_o fund_z sufficient_a for_o a_o bank_n 1._o that_o gentleman_n may_v subscribe_v their_o estate_n to_o the_o value_n of_o 100000_o l._n per_fw-la annum_fw-la at_o least_o by_o which_o subscription_n they_o oblige_v neither_o themselves_o nor_o their_o estate_n 2._o that_o when_o such_o yearly_a value_n be_v subscribe_v the_o major_a part_n of_o the_o subscriber_n shall_v meet_v together_o to_o choose_v trustee_n director_n etc._n etc._n who_o they_o may_v also_o displace_v at_o pleasure_n 3._o that_o when_o the_o trustee_n and_o director_n shall_v be_v choose_v the_o method_n of_o management_n shall_v be_v declare_v which_o if_o approve_v of_o such_o subscriber_n as_o please_v may_v settle_v their_o estate_n upon_o the_o trustee_n of_o their_o own_o choose_n and_o those_o who_o shall_v not_o settle_v their_o estate_n will_v be_v at_o no_o charge_n nor_o trouble_n but_o write_v their_o name_n and_o meet_v once_o to_o choose_v trustee_n director_n etc._n etc._n 4._o that_o no_o estate_n which_o shall_v be_v settle_v shall_v be_v chargeable_a for_o more_o than_o what_o the_o party_n settle_v it_o shall_v take_v up_o of_o the_o bank_n 5._o that_o any_o person_n who_o shall_v settle_v his_o estate_n may_v have_v up_o his_o deed_n of_o settlement_n on_o demand_n if_o nothing_o be_v owe_v upon_o it_o or_o upon_o payment_n of_o what_o be_v due_a to_o the_o bank_n 6._o that_o the_o profit_n of_o the_o bank_n shall_v be_v divide_v among_o all_o the_o subscriber_n in_o proportion_n to_o their_o several_a subscription_n 7._o that_o any_o subscriber_n after_o the_o settlement_n of_o his_o estate_n may_v have_v at_o any_o time_n 3_o four_o part_n of_o the_o value_n of_o his_o estate_n at_o 3_o l._n 0_o s._n 10_o d._n per_fw-la cent_n per_fw-la annum_fw-la and_o pay_v in_o all_o or_o any_o part_n of_o the_o same_o whensoever_o he_o please_v 8._o that_o the_o interest_n pay_v by_o the_o subscriber_n to_o the_o bank_n be_v part_n of_o the_o profit_n of_o the_o bank_n such_o subscriber_n who_o pay_v interest_n to_o the_o bank_n will_v have_v their_o proportionable_a part_n of_o the_o interest_n pay_v they_o back_o again_o which_o they_o pay_v into_o the_o bank_n i_o may_v say_v much_o of_o the_o advantage_n that_o will_v arise_v to_o landed-man_n by_o this_o propose_a method_n but_o it_o may_v suffice_v to_o say_v they_o will_v be_v accommodate_v with_o money_n at_o easy_a interest_n for_o the_o supply_n of_o their_o occasion_n and_o though_o their_o estate_n be_v not_o make_v a_o medium_fw-la of_o trade_n yet_o they_o will_v be_v a_o secure_a and_o certain_a fund_z and_o will_v consequent_o raise_v they_o such_o a_o credit_n which_o without_o this_o method_n it_o be_v impossible_a they_o shall_v ever_o attain_v unto_o for_o though_o a_o tradesman_n may_v scruple_n to_o take_v a_o gentleman_n note_n for_o 1000_o l._n though_o he_o know_v the_o gentleman_n be_v worth_a 1000_o l._n per_fw-la annum_fw-la because_o he_o know_v the_o difficulty_n gentleman_n meet_v with_o to_o raise_v such_o a_o sum_n out_o of_o their_o estate_n yet_o none_o will_v question_v his_o bill_n for_o 5_o time_n such_o a_o sum_n when_o he_o be_v satisfy_v he_o have_v a_o estate_n settle_v upon_o which_o he_o may_v have_v 15000_o l._n at_o a_o hour_n warning_n it_o be_v a_o undoubted_a truth_n that_o none_o have_v so_o much_o credit_n as_o those_o who_o stand_v in_o least_o need_n of_o it_o and_o therefore_o it_o be_v well_o observe_v by_o the_o poet_n quantum_fw-la cuique_fw-la sva_fw-la nummorum_fw-la seruat_fw-la in_o arca_n tantum_n habet_fw-la &_o fidei_fw-la there_o be_v therefore_o so_o small_a a_o matter_n require_v of_o the_o land_a man_n as_o only_o to_o subscribe_v their_o name_n and_o to_o meet_v once_o to_o choose_v trustee_n manager_n etc._n etc._n by_o which_o as_o have_v be_v already_o say_v they_o be_v put_v to_o no_o charge_n nor_o lay_v themselves_o nor_o their_o estate_n under_o any_o obligation_n by_o such_o their_o subscription_n and_o since_o they_o be_v likely_a to_o receive_v so_o great_a advantage_n by_o these_o proposal_n i_o hope_v they_o will_v expedite_v the_o fill_n up_o the_o propose_a fund_z of_o 100000_o l._n per_fw-la annum_fw-la by_o their_o ready_a subscribe_v however_o there_o be_v estate_n already_o subscribe_v to_o a_o million_o value_n i_o full_o determine_v to_o give_v the_o subscriber_n notice_n in_o the_o print_a news-paper_n to_o meet_v the_o 10_o of_o september_n next_o at_o far_a to_o choose_v trustee_n director_n etc._n etc._n to_o who_o i_o shall_v then_o communicate_v my_o method_n of_o management_n and_o doubt_v not_o but_o to_o convince_v the_o world_n that_o there_o be_v no_o such_o great_a difficulty_n in_o raise_v money_n to_o perform_v what_o i_o have_v propose_v as_o some_o who_o be_v enemy_n to_o my_o proposal_n will_v suggest_v j._n b._n the_o subscription-book_n continue_v to_o lie_v open_a at_o thomas_n gooding_n sergeant_n at_o law_n his_o chamber_n in_o grays-inn_n at_o philip_n neve_n esq_n his_o chamber_n the_o second_o staircase_n of_o the_o paper-building_n in_o the_o inner-temple_n at_o laurence_n braddon_n esq_n his_o chamber_n number_v 4._o the_o second_o staircase_n at_o the_o new_a square_n at_o lincolns-inn_n at_o the_o house_n of_o robert_n west_n esq_n the_o corner_n of_o buckingham-court_n near_o scotland-yard_n at_o mr._n john_n smith_n in_a exchange-alley_n at_o mr._n humphrey_n hackshaw_n in_o lothbury_n near_o the_o royal-exchange_n at_o mr._n nicholas_n hayward_n public_a notary_n in_o threadneedle-street_n behind_o the_o royal-exchange_n and_o at_o mr._n samuel_n briggs_n scrivener_n in_o guildhall-yard_n london_n