Selected quad for the lemma: land_n

Word A Word B Word C Word D Occurrence Frequency Band MI MI Band Prominent
land_n estate_n rent_n tenant_n 1,388 5 9.6310 5 false
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ID Title Author Corrected Date of Publication (TCP Date of Publication) STC Words Pages
A48895 Some considerations of the consequences of the lowering of interest, and raising the value of money in a letter to a member of Parliament. Locke, John, 1632-1704. 1692 (1692) Wing L2760; ESTC R23025 87,869 202

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improvident_a landholder_n will_v not_o fail_v to_o have_v money_n for_o his_o ware_n with_o gain_n whether_o the_o kingdom_n get_v by_o his_o trade_n or_o no_o and_o he_o will_v keep_v his_o money_n rather_o employ_v in_o trade_n which_o bring_v he_o in_o profit_n for_o the_o merchant_n may_v get_v by_o a_o trade_n that_o make_v the_o kingdom_n poor_a than_o lie_v it_o out_o in_o land_n who_o rent_n he_o see_v sink_v and_o foresee_v by_o the_o course_n of_o trade_n be_v likely_a to_o continue_v on_o to_o do_v so_o when_o a_o nation_n be_v run_v to_o decay_n and_o ruin_n the_o merchant_n and_o moneyed_a man_n do_v what_o you_o can_v will_v be_v sure_a to_o starve_v last_o observe_v it_o where_o you_o will_v the_o decay_n that_o come_v upon_o and_o bring_v to_o ruin_n any_o country_n do_v constant_o first_o fall_n upon_o the_o land_n and_o though_o the_o country_n gentleman_n who_o usual_o secure_o rely_v upon_o so_o much_o a_o year_n as_o be_v give_v in_o at_o his_o marriage_n settlement_n and_o think_v his_o land_n a_o unmoveable_a fund_z for_o such_o a_o income_n be_v not_o very_o forward_o to_o think_v so_o yet_o this_o nevertheless_o be_v a_o undoubted_a truth_n that_o he_o be_v more_o concern_v in_o trade_n and_o ou●ht_n to_o take_v a_o great_a care_n that_o it_o be_v w●ll_n manage_v and_o preserve_v than_o even_o the_o merchant_n himself_o for_o he_o will_v certain_o find●_n that_o when_o a_o decay_n of_o trade_n have_v carry_v away_o one_o part_n of_o our_o money_n out_o of_o the_o kingdom_n and_o the_o other_o be_v keep_v in_o the_o merchant_n and_o tradesman_n hand_n that_o no_o law_n he_o can_v make_v nor_o any_o little_a art_n of_o shift_a property_n among_o ourselves_o will_v bring_v it_o back_o to_o he_o again_o but_o his_o rent_n will_v fall_v and_o his_o income_n every_o day_n lessen_v till_o general_a industry_n and_o frugality_n join_v to_o a_o well_o order_v trade_n shall_v restore_v to_o the_o kingdom_n the_o riches_n and_o wealth_n it_o have_v former_o this_o by_o the_o way_n if_o well_o consider_v may_v let_v we_o see_v that_o tax_n however_o contrive_v and_o out_o of_o who_o hand_n soever_o immediate_o take_v do_v in_o a_o country_n where_o their_o great_a fund_z be_v in_o land_n for_o the_o most_o part_n terminate_v upon_o land_n whatsoever_o the_o people_n be_v chief_o maintain_v by_o that_o the_o government_n support_v itself_o on_o nay_o perhaps_o it_o will_v be_v find_v that_o those_o tax_n which_o seem_v least_o to_o affect_v land_n will_v most_o sure_o of_o all_o other_o ●a●_n the_o rent_n which_o be_v a_o evil_a the_o hard_a to_o be_v recover_v for_o rent_n once_o f●●len_v be_v not_o easy_o raise_v again_o a_o tax_n lay_v upon_o land_n seem_v hard_a to_o the_o landholder_n because_o it_o be_v so_o much_o money_n go_v visible_o out_o of_o his_o pocket_n and_o 〈…〉_z ease_v to_o himself_o the_o landholder_n i●●●●●ys_v forward_o to_o lay_v it_o upon_o commodity_n but_o 〈…〉_z thorough_o consider_v it_o and_o 〈◊〉_d the_o effect_n he_o will_v find_v he_o buy_v this_o seem_a ease_n at_o a_o very_a dear_a rate_n and_o though_o he_o pay_v not_o this_o tax_n immediate_o out_o of_o his_o own_o purse_n yet_o there_o will_v be_v more_o want_v there_o at_o the_o end_n of_o the_o year_n than_o that_o come_v to_o with_o the_o lessen_v of_o his_o rent_n which_o be_v a_o settle_a and_o last_a evil_n that_o will_v stick_v upon_o he_o beyond_o the_o present_a payment_n to_o make_v this_o clear_a let_v we_o suppose_v in_o the_o present_a state_n of_o affair_n in_o england_n that_o the_o rent_n of_o england_n be_v twelve_o million_o and_o that_o the_o charge_n and_o necessity_n of_o the_o government_n require_v a_o supply_n of_o three_o million_o from_o the_o parliament_n which_o be_v lay_v on_o land_n here_o be_v one_o four_o part_n of_o his_o yearly_a income_n go_v immediate_o out_o of_o the_o landlord_n and_o landholders_n pocket_n this_o be_v a_o burden_n very_o apt_a to_o be_v feel_v he_o ready_o perceive_v what_o go_v thus_o out_o of_o his_o estate_n who_o actual_o pay_v the_o money_n out_o of_o his_o pocket_n or_o find_v it_o deduct_v out_o of_o his_o rent_n at_o quarter-day_n for_o tax_n but_o though_o this_o be_v a_o quarter_n of_o his_o yearly_a income_n and_o out_o of_o a_o estate_n of_o four_o hundred_o pound_n a_o year_n the_o public_a tax_n now_o open_o take_v away_o one_o hundred_o yet_o this_o influence_n not_o at_o all_o the_o yearly_a rent_n of_o the_o land_n which_o the_o rack-rent_a or_o under_o tenant_n pay_v it_o be_v the_o same_o thing_n to_o he_o whether_o he_o pay_v all_o his_o rent_n to_o the_o king_n or_o his_o landlord_n or_o ½_o or_o ¼_n or_o none_o at_o all_o to_o the_o king_n the_o case_n be_v all_o one_o to_o he_o what_o hand_n receive_v his_o rent_n when_o due_a so_o trade_n flourish_v and_o his_o commodity_n go_v off_o well_o he_o will_v be_v able_a to_o pay_v his_o rent_n on_o this_o lessen_v not_o any_o more_o the_o value_n of_o his_o farm_n than_o a_o high_a or_o a_o low_a chief_a rent_n do_v pay_v out_o of_o it_o to_o the_o lord_n of_o the_o fee_n and_o the_o tenant_n bargain_n and_o profit_n be_v the_o same_o whether_o the_o land_n be_v charge_v or_o not_o charge_v with_o a_o annuity_n payable_a to_o another_o man._n we_o see_v this_o in_o college_n lease_n where_o though_o the_o college_n tenant_n pay_v for_o it_o to_o the_o college_n some_o year_n five_o time_n as_o much_o as_o he_o do_v other_o upon_o the_o vary_a rate_n of_o corn_n yet_o the_o under_o tenant_n feel_v not_o this_o alteration_n in_o the_o least_o nor_o find_v a_o reason_n to_o have_v his_o rent_n abate_v because_o a_o great_a part_n of_o it_o be_v divert_v from_o his_o landlord_n all_o this_o be_v but_o change_v the_o hand_n that_o receive_v the_o rent_n without_o any_o influence_n at_o all_o upon_o the_o yearly_a value_n of_o the_o estate_n which_o will_v not_o be_v let_v for_o one_o penny_n more_o or_o less_o to_o the_o renter_n however_o or_o among_o whosoever_o the_o rent_n he_o pay_v be_v divide_v from_o hence_o it_o be_v evident_a that_o tax_n lay_v on_o land_n do_v not_o in_o the_o least_o make_v rent_n fall_v but_o suppose_v to_o shift_v off_o the_o burden_n from_o the_o land_n some_o country_n gentleman_n shall_v think_v fit_a to_o raise_v these_o three_o million_o upon_o commodity_n to_o let_v the_o land_n go_v free_a first_o it_o be_v to_o be_v consider_v that_o since_o the_o public_a want_v require_v three_o million_o for_o that_o we_o suppose_v for_o argument_n sake_n let_v it_o be_v three_o million_o or_o one_o million_o that_o be_v all_o one_o and_o so_o much_o must_v go_v into_o the_o king_n coffer_n or_o else_o the_o necessity_n of_o the_o government_n will_v not_o be_v supply_v that_o for_o raise_v these_o three_o million_o on_o commodity_n and_o bring_v so_o much_o into_o the_o exchequer_n there_o must_v go_v a_o great_a deal_n more_o than_o three_o million_o out_o of_o the_o subjects_n pocket_n for_o a_o tax_n of_o that_o nature_n can_v be_v levy_v by_o officer_n to_o watch_v every_o little_a rivulet_n of_o trade_n without_o a_o great_a cha●ge_n especial_o at_o first_o trial_n but_o suppose_v no_o more_o charge_n in_o raise_v it_o than_o of_o a_o land_n tax_n and_o that_o there_o be_v only_o ●_o million_o to_o be_v pay_v it_o be_v evident_a that_o to_o do_v this_o out_o of_o commodity_n they_o must_v to_o the_o co●●umer_n b●_n raise_v ¼_n in_o their_o price_n so_o that_o every_o t●●●g_n to_o he_o that_o use_v it_o must_v be_v ¼_n d●●●er_n ●et_v we_o see_v now_o who_o at_o long_o run_v 〈◊〉_d pay_v this_o ¼_n and_o where_o it_o will_v light_v it_o be_v plain_a the_o merchant_n and_o broker_n neither_o will_v nor_o c●n_n for_o if_o he_o pay_v 1_o ●_o more_o for_o commodity_n than_o he_o do_v he_o will_v sell_v they_o at_o a_o price_n proportionable_o raise_v the_o poor_a labourer_n and_o handicraftsman_n can_v for_o he_o just_a life_n from_o hand_n to_o mouth_n already_o and_o all_o his_o food_n clothing_n and_o utensil_n cost_v ¼_n more_o than_o they_o do_v before_o either_o his_o wage_n must_v rise_v with_o the_o price_n of_o thing_n to_o make_v he_o live_v or_o else_o not_o be_v able_a to_o maintain_v himself_o and_o family_n by_o his_o labour_n he_o come_v to_o the_o parish_n and_o then_o the_o land_n bear_v the_o burden_n a_o heavy_a way_n if_o the_o labourer_n wage_n be_v raise_v in_o proportion_n to_o the_o increase_v rate_n of_o thing_n the_o farmer_n who_o pay_v ¼_n more_o for_o wage_n as_o well_o as_o all_o other_o thing_n while_o he_o sell_v his_o corn_n and_o wool_n either_o at_o the_o same_o rate_n or_o low_a at_o the_o market_n since_o the_o
tax_n lay_v upon_o it_o make_v people_n less_o forward_o to_o buy_v must_v either_o have_v his_o rent_n abate_v or_o else_o break_v and_o run_v away_o in_o his_o landlord_n debt_n and_o so_o the_o yearly_a value_n of_o the_o land_n be_v bring_v down_o and_o who_o then_o pay_v the_o tax_n at_o the_o year_n end_n but_o the_o landlord_n when_o the_o tenant_n not_o able_a to_o raise_v his_o rent_n by_o his_o commodity_n either_o run_v away_o in_o his_o landlord_n debt_n or_o can_v be_v continue_v in_o the_o farm_n without_o abatement_n of_o rent_n for_o when_o the_o yearly_a charge_n in_o his_o farm_n be_v great_a by_o the_o increase_n of_o the_o labourer_n wage_n and_o yet_o his_o product_n sell_v ●ea●er_n by_o reason_n of_o the_o tax_n lay_v on_o his_o commodity_n how_o will_v the_o farmer_n be_v able_a to_o make_v up_o his_o rent_n at_o quarter_n day_n for_o this_o may_v be_v worth_a our_o notice_n that_o any_o tax_v lay_v on_o foreign_a commodity_n in_o england_n raise_v its_o price_n 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its_o price_n not_o answer_v his_o expectation_n there_o but_o turn_v himself_o to_o other_o ware_n which_o he_o find_v your_o market_n take_v off_o better_o a_o merchant_n will_v never_o continue_v to_o trade_n in_o ware_n which_o the_o change_n of_o fashion_n or_o humour_n among_o your_o people_n have_v make_v less_o vendible_a though_o he_o may_v be_v sometime_o catch_v by_o a_o sudden_a alteration_n but_o that_o seldom_o happen_v in_o the_o course_n of_o trade_n so_o as_o to_o influence_n the_o great_a bulk_n of_o it_o for_o thing_n of_o necessity_n must_v still_o be_v have_v and_o thing_n of_o fashion_n will_v be_v have_v as_o long_o as_o man_n have_v money_n or_o credit_n whatever_o rate_v they_o cost_v and_o the_o rather_o because_o they_o be_v dear_a for_o it_o be_v vanity_n not_o use_v that_o make_v the_o expensive_a fashion_n of_o your_o people_n the_o emulation_n be_v who_o shall_v have_v the_o fine_a that_o be_v the_o dear_a thing_n not_o the_o most_o convenient_a or_o 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must_v and_o whether_o he_o be_v best_o do_v it_o by_o lay_v it_o direct_o where_o it_o will_v at_o last_o settle_v or_o by_o let_v it_o come_v to_o he_o by_o the_o sink_n of_o his_o rent_n which_o when_o they_o be_v once_o fall_v every_o one_o know_v be_v not_o easy_o raise_v again_o let_v he_o consider_v holland_n be_v bring_v as_o a_o instance_n of_o lay_v the_o charge_n of_o the_o public_a upon_o trade_n and_o it_o be_v possible_a except_v some_o few_o small_a free_a town_n the_o only_a place_n in_o the_o world_n that_o can_v be_v bring_v to_o favour_v this_o way_n but_o yet_o when_o examine_v will_v be_v find_v to_o show_v the_o quite_o contrary_a and_o be_v a_o clear_a proof_n that_o lie_v the_o tax_n how_o you_o will_v land_n every_o where_o in_o proportion_n bear_v the_o great_a share_n of_o the_o burden_n the_o public_a charge_n of_o the_o government_n be_v it_o be_v say_v in_o the_o unite_a province_n lay_v on_o trade_n i_o grant_v it_o be_v the_o great_a part_n of_o it_o but_o be_v the_o land_n excuse_v or_o ease_v by_o it_o by_o no_o mean_n but_o on_o the_o contrary_a so_o load_v that_o in_o many_o place_n ½_o in_o other_o ¼_n in_o other_o 1_o ●_o of_o the_o yearly_o value_n do_v not_o come_v in_o to_o the_o owner_n pocket_n and_o if_o i_o have_v not_o be_v misinform_v the_o land_n in_o some_o place_n will_v not_o pay_v the_o tax_n so_o that_o we_o may_v say_v that_o the_o charge_n of_o the_o government_n come_v not_o upon_o commodity_n till_o the_o land_n can_v not_o bear_v it_o the_o burden_n unavoidable_o settle_v upon_o the_o land_n first_o and_o when_o it_o have_v press_v it_o so_o that_o it_o can_v yield_v no_o more_o trade_n must_v be_v bring_v
trade_n or_o else_o lie_v still_o too_o in_o great_a sum_n which_o be_v the_o same_o stop_n of_o money_n or_o a_o great_a add_v to_o this_o that_o to_o pay_v the_o creditor_n that_o lend_v he_o his_o rent_n he_o must_v gather_v up_o money_n by_o degree_n as_o the_o sale_n of_o his_o commodity_n shall_v bring_v it_o in_o and_o so_o make_v a_o great_a stop_n and_o great_a want_n of_o money_n since_o the_o borrow_a money_n that_o pay_v the_o landholder_n the_o 25_o of_o march_n must_v be_v suppose_v to_o lie_v still_o some_o time_n in_o the_o creditor_n hand_n before_o he_o lend_v it_o the_o tenant_n and_o the_o money_n that_o pay_v the_o creditor_n three_o month_n after_o must_v lie_v still_o some_o time_n in_o the_o tenant_n nor_o do_v the_o landlord_n pay_v away_o his_o rent_n usual_o as_o soon_o as_o he_o receive_v it_o but_o by_o degree_n as_o his_o occasion_n call_v for_o it_o we_o can_v but_o suppose_v that_o between_o the_o landlord_n and_o tenant_n there_o must_v necessary_o be_v at_o least_o ¼_n of_o the_o yearly_a revenue_n of_o the_o land_n constant_o in_o their_o hand_n indeed_o consider_v that_o most_o part_n of_o the_o rent_n of_o england_n be_v pay_v at_o our_o lady-day_n and_o michaelmas_n and_o that_o the_o same_o money_n which_o pay_v i_o my_o rent_n from_o my_o tenant_n the_o 25_o of_o march_n or_o thereabouts_o can_v pay_v my_o next_o neighbour_n his_o rent_n from_o his_o tenant_n at_o the_o same_o time_n much_o less_o one_o more_o remote_a in_o another_o country_n it_o may_v seem_v requisite_a to_o suppose_v half_o the_o yearly_a revenue_n of_o the_o land_n to_o be_v necessary_o employ_v in_o pay_v of_o rent_n for_o to_o say_v that_o some_o tenant_n break_v and_o pay_v not_o their_o rent_n at_o all_o and_o other_o pay_v not_o till_o two_o three_o four_o five_o six_o etc._n etc._n month_n after_o quarter-day_n and_o so_o the_o rent_n be_v not_o all_o pay_v at_o one_o time_n be_v no_o more_o than_o to_o say_v that_o there_o be_v money_n want_v to_o the_o trade_n for_o if_o the_o tenant_n fail_v the_o landlord_n he_o must_v fail_v his_o creditor_n and_o he_o he_o and_o so_o on_o till_o somebody_o break_v and_o so_o trade_n decay_n for_o want_v of_o money_n but_o since_o a_o considerable_a part_n of_o the_o land_n of_o england_n be_v in_o the_o owner_n hand_n who_o neither_o pay_n nor_o receive_v great_a sum_n for_o it_o at_o a_o certain_a day_n and_o because_o too_o which_o be_v the_o chief_a reason_n we_o be_v not_o to_o consider_v here_o how_o much_o money_n be_v in_o any_o one_o man_n or_o any_o one_o sort_n of_o man_n hand_n at_o any_o one_o time_n for_o that_o at_o other_o t●mes_n may_v be_v distribute_v into_o other_o hand_n and_o serve_v other_o part_n of_o trade_n but_o how_o much_o money_n be_v necessary_a to_o be_v in_o each_o man_n hand_n all_o the_o year_n round_o take_v one_o time_n with_o another_o i._n e._n have_v 200_o l._n in_o his_o hand_n one_o month_n be_v to_o be_v reckon_v as_o 100_o l._n in_o his_o hand_n three_o month_n and_o so_o proportionable_o i_o think_v we_o may_v well_o suppose_v ¼_n of_o the_o yearly_a revenue_n to_o be_v constant_o in_o the_o landlord_n or_o tenant_n hand_n ●_z by_o the_o by_o we_o may_v observe_v that_o it_o be_v better_o for_o trade_n and_o consequent_o for_o every_o body_n ●or_a more_o money_n wo●●d_v be_v stir_v and_o less_o will_v do_v t●e_v business_n if_o rent_n be_v pay_v by_o 〈◊〉_d in●●rvals_n than_o six_o month_n for_o su●●●sing_v i_o let_v a_o farm_n at_o 52_o l._n per_fw-la an._n i●_n my_o rent_n be_v pay_v half_o yearly_a there_o be_v re●●●●ed_v 26_o l._n to_o be_v employ_v in_o the_o payment_n of_o it_o in_o ●ne_a entire_a sum._n if_o it_o ●e_v pay_v well_o and_o if_o it_o be_v not_o pay_v well_o 〈◊〉_d ●●nt_n of_o so_o 〈◊〉_d money_n to_o be_v spare_v to_o that_o purpose_n there_o be_v so_o much_o want_n of_o money_n and_o trade_n be_v still_o endamage_v by_o it_o a_o great_a part_n whereof_o must_v necessary_o lie_v still_o before_o it_o come_v out_o of_o my_o tenant_n chest_n to_o my_o hand_n if_o it_o be_v pay_v once_o a_o quarter_n 13_o l._n alone_o will_v do_v it_o and_o less_o money_n be_v lay_v up_o for_o it_o and_o stop_v a_o less_o while_n in_o its_o course_n but_o shall_v it_o be_v pay_v every_o week_n one_o single_a 20_o s._n will_v pay_v the_o rent_n of_o 52_o l._n per_fw-la annum_fw-la whence_o will_v follow_v this_o double_a benefit_n first_o that_o a_o great_a deal_n less_o money_n will_v serve_v for_o the_o trade_n of_o a_o country_n and_o second_o that_o less_o of_o the_o money_n will_v lie_v still_o the_o contrary_a whereof_o must_v needs_o happen_v where_o grow_a debt_n be_v to_o be_v pay_v at_o large_a distance_n and_o in_o great_a sum_n three_o as_o for_o the_o broker_n since_o they_o too_o must_v lay_v up_o the_o money_n come_v in_o by_o retail_n either_o to_o go_v to_o market_n and_o buy_v ware_n or_o to_o pay_v at_o the_o day_n appoint_v which_o be_v often_o six_o month_n for_o those_o ware_n they_o have_v already_o we_o can_v suppose_v they_o to_o have_v less_o by_o they_o one_o with_o another_o than_o one_o twenty_o part_n of_o their_o yearly_a return_v whether_o the_o money_n be_v their_o own_o or_o they_o be_v indebt_v so_o much_o or_o more_o it_o matter_n not_o if_o it_o be_v necessary_a they_o shall_v have_v constant_o by_o they_o compare_v one_o time_n with_o another_o at_o least_o one_o twenty_o part_n of_o their_o yearly_a return_n indeed_o in_o some_o great_a town_n where_o the_o banker_n be_v ready_a at_o hand_n to_o buy_v bill_n or_o any_o other_o way_n to_o lend_v money_n for_o short_a time_n at_o great_a interest_n there_o perhaps_o the_o merchant_n be_v not_o force_v to_o keep_v so_o much_o money_n by_o he_o as_o in_o other_o place_n where_o they_o have_v not_o such_o a_o supply_n but_o if_o you_o consider_v what_o money_n to_o do_v this_o must_v necessary_o be_v constant_o lodge_v in_o the_o banker_n hand_n to_o which_o if_o you_o add_v what_o part_n of_o the_o money_n of_o a_o country_n scholar_n of_o all_o sort_n woman_n gamester_n and_o great_a man_n menial_a servant_n and_o all_o such_o that_o do_v not_o contribute_v at_o all_o to_o trade_n either_o as_o landholders_n labourer_n or_o broker_n will_v unavoidable_o have_v constant_o in_o their_o hand_n it_o can_v well_o be_v think_v that_o less_o than_o one_o fifty_o part_n of_o the_o labourer_n wage_n one_o four_o part_n of_o the_o landholders_n yearly_a revenue_n and_o one_o twenty_o part_n of_o the_o broker_n yearly_o return_v in_o ready_a money_n will_v be_v enough_o to_o drive_v the_o trade_n of_o any_o country_n at_o least_o to_o put_v it_o beyond_o exception_n low_a enough_o it_o can_v be_v imagine_v that_o less_o than_o one_o moiety_n of_o this_o i._n e._n less_o than_o one_o hundred_o part_n of_o the_o labourer_n yearly_a wage_n one_o eight_o part_n of_o the_o landholders_n yearly_a revenue_n and_o one_o forty_o part_n of_o the_o broker_n yearly_o return_v in_o ready_a money_n can_v be_v enough_o to_o move_v the_o several_a wheel_n of_o trade_n and_o keep_v up_o commeree_n in_o that_o life_n and_o thrive_a posture_n it_o shall_v be_v and_o how_o much_o the_o ready_a cash_n of_o any_o country_n be_v short_a of_o this_o proportion_n so_o much_o must_v the_o trade_n be_v impair_v and_o hinder_v for_o want_n of_o money_n but_o however_o these_o measure_n may_v be_v mistake_v this_o be_v evident_a that_o the_o multiply_a of_o broker_n hinder_v the_o trade_n of_o any_o country_n by_o make_v the_o circulation_n the_o money_n go_v large_a and_o in_o that_o circuit_n more_o stop_v so_o that_o the_o return_v must_v necessary_o be_v flower_n and_o ●cantier_a to_o the_o prejudice_n of_o trade_n beside_o that_o they_o eat_v up_o too_o great_a a_o share_n of_o the_o gain_n of_o trade_n by_o that_o mean_n starve_v the_o labourer_n and_o impoverish_v the_o landholder_n who_o interest_n be_v chief_o to_o be_v take_v care_n of_o it_o be_v a_o settle_a unmoveable_a concernment_n in_o the_o commonwealth_n and_o therefore_o it_o will_v be_v convenient_a to_o hinder_v as_o much_o as_o be_v possible_a any_o one_o from_o sell_v any_o of_o our_o native_a commodity_n but_o he_o that_o make_v it_o shopkeeper_n in_o this_o be_v worse_o than_o gamester_n for_o they_o do_v not_o only_o keep_v so_o much_o of_o the_o money_n of_o a_o country_n constant_o in_o their_o hand_n but_o also_o make_v the_o public_a pay_v they_o for_o their_o keep_n of_o it_o though_o game_n too_o upon_o the_o account_n of_o trade_n as_o well_o as_o other_o reason_n may_v well_o deserve_v to_o be_v restrain_v since_o gamester_n in_o order_n to_o their_o play_n
exchange_n for_o a_o farmer_n that_o carry_v a_o bushel_n ●_o wheat_n to_o market_n and_o a_o labourer_n th●●_n carry_v half_o a_o crown_n shall_v find_v that_o the_o money_n of_o one_o as_o well_o as_o corn_n of_o the_o other_o shall_v at_o some_o time_n purchase_v he_o more_o or_o less_o leather_n or_o salt_n according_a as_o they_o be_v in_o great_a plenty_n and_o scarcity_n one_o to_o another_o so_o that_o in_o exchange_n of_o coin_a silver_n for_o any_o other_o commodity_n which_o be_v buy_v and_o sell_v the_o same_o measure_n govern_v the_o proportion_n you_o receive_v as_o if_o you_o exchange_v lead_v or_o wheat_n or_o any_o other_o commodity_n which_o be_v nothing_o else_o but_o their_o quantity_n in_o proportion_n to_o their_o vent_n if_o then_o change_v of_o use_n make_v not_o your_o silver_n more_o in_o sp●ci●_fw-la or_o your_o wheat_n or_o other_o commodity_n less_o it_o will_v not_o have_v any_o influence_n at_o all_o to_o make_v it_o exchange_v for_o less_o of_o wheat_n or_o any_o other_o commodity_n than_o it_o will_v have_v on_o lead_n to_o make_v it_o exchange_v for_o less_o wheat_n or_o any_o other_o commodity_n money_n therefore_o in_o buy_v and_o sell_v being_n perfect_o in_o the_o same_o condition_n with_o other_o commodity_n and_o subject_a to_o all_o the_o same_o law_n of_o value_n let_v we_o next_o see_v how_o it_o come_v to_o be_v of_o the_o same_o nature_n with_o land_n by_o yield_v a_o certain_a yearly_a income_n which_o we_o call_v use_v or_o interest_n for_o land_n produce_v natural_o something_a new_a and_o profitable_a and_o of_o value_n to_o mankind_n but_o money_n be_v a_o barren_a thing_n and_o produce_v nothing_o but_o by_o compact_n transfer_v that_o profit_n that_o be_v the_o reward_n of_o one_o man_n labour_n into_o another_o man_n pocket_n that_o which_o occasion_n this_o be_v the_o unequal_a distribution_n of_o money_n which_o inequality_n have_v the_o same_o effect_n too_o upon_o land_n that_o it_o have_v upon_o money_n for_o my_o have_v more_o money_n in_o my_o hand_n than_o i_o can_v or_o be_o dispose_v to_o use_v in_o buy_v and_o sell_v make_v i_o able_a to_o lend_v and_o another_o want_n of_o so_o much_o money_n as_o he_o can_v employ_v in_o trade_n make_v he_o willing_a to_o borrow_v but_o why_o then_o and_o for_o what_o consideration_n do_v he_o pay_v use_v for_o the_o same_o reason_n and_o upon_o as_o good_a consideration_n as_o the_o tenant_n pay_v rend_v for_o your_o land_n for_o as_o the_o unequal_a distribution_n of_o land_n you_o have_v more_o than_o you_o can_v or_o will_v manure_v and_o another_o less_o bring_v you_o a_o tenant_n for_o your_o land_n and_o the_o same_o unequal_a distribution_n of_o money_n i_o have_v more_o than_o i_o can_v or_o will_v employ_v and_o another_o less_o bring_v i_o a_o tenant_n for_o my_o money_n so_o my_o money_n be_v apt_a in_o trade_n by_o the_o industry_n of_o the_o borrower_n to_o produce_v more_o than_o 6_o per_fw-la cent._n to_o the_o borrower_n as_o well_o a●_n your_o land_n by_o the_o labour_n of_o the_o tenant_n be_v apt_a to_o produce_v more_o fruit_n than_o his_o rent_n come_v to_o and_o therefore_o deserve_v to_o be_v pay_v for_o as_o well_o as_o land_n by_o a_o yearly_a rent_n for_o though_o the_o usurer_n money_n will_v bring_v in_o no_o yearly_a profit_n if_o he_o do_v not_o lend_v it_o suppose_v he_o employ_v it_o not_o himself_n and_o so_o his_o six_o per_fw-la cent._n may_v seem_v to_o be_v the_o fruit_n of_o another_o man_n labour_n yet_o he_o share_v not_o near_o so_o much_o of_o the_o profit_n of_o another_o man_n labour_n as_o he_o that_o let_v land_n to_o a_o tenant_n for_o without_o the_o tenant_n industry_n suppose_v as_o before_o the_o owner_n will_v not_o manage_v it_o himself_o his_o land_n will_v yield_v he_o little_a or_o no_o profit_n so_o that_o the_o rent_n he_o receive_v be_v a_o great_a portion_n of_o the_o fruit_n of_o his_o tenant_n labour_v than_o the_o use_n be_v at_o 6_o per_fw-mi cent_z for_o general_o he_o that_o borrow_v 1000_o l._n at_o six_o per_fw-la cent._n and_o so_o pay_v 60_o l._n per_fw-la a●num_fw-la use_v get_v more_o above_o his_o use_n in_o one_o year_n by_o his_o industry_n than_o he_o that_o rent_n a_o farm_n of_o 60_o l._n per_fw-la annum_fw-la get_v in_o two_o above_o his_o rent_n though_o his_o labour_n be_v hard_a it_o be_v evident_a therefore_o that_o he_o that_o have_v skill_n in_o traffic_n but_o have_v not_o money_n enough_o to_o exercise_v it_o have_v not_o only_a reason_n to_o borrow_v money_n to_o drive_v his_o trade_n and_o get_v a_o livelihood_n but_o as_o much_o reason_n to_o pay_v use_n for_o that_o money_n as_o he_o that_o not_o have_v land_n of_o his_o own_o yet_o have_v skill_n in_o husbandry_n have_v not_o only_a reason_n to_o rend_a land_n but_o to_o pay_v money_n for_o the_o use_v of_o it_o it_o follow_v that_o borrow_v money_n upon_o use_n be_v not_o only_o by_o the_o necessity_n of_o affair_n and_o the_o constitution_n of_o humane_a society_n unavoidable_a to_o some_o man_n but_o that_o also_o to_o receive_v profit_n for_o the_o loan_n of_o money_n be_v as_o equitable_a and_o lawful_a as_o receive_v rend_v for_o land_n and_o more_o tolerable_a to_o the_o borrower_n notwithstanding_o the_o opinion_n of_o some_o over-scrupulous_a men._n this_o be_v so_o one_o will_v expect_v that_o the_o rate_n of_o interest_n shall_v be_v the_o measure_n of_o the_o value_n of_o land_n in_o number_n of_o year_n purchase_v for_o which_o the_o fee_n be_v sell_v for_o 100_o l._n per_fw-la annum_fw-la be_v equal_a to_o 100_o l._n per_fw-la annum_fw-la and_o so_o to_o perpetuity_n and_o 100_o l._n per_fw-la annum_fw-la be_v the_o product●_n of_o 1000_o l._n when_o interest_n be_v at_o 10_o per_fw-la cent._n of_o 1250_o l._n when_o interest_n be_v at_o 8_o per_fw-la cent._n of_o 1666_o l._n or_o thereabouts_o when_o interest_n be_v at_o 6_o per_fw-la cent._n of_o 2000_o l._n when_o money_n be_v at_o 5_o per_fw-la cent._n of_o 2500_o l._n when_o money_n be_v at_o 4_o per_fw-la cent._n one_o will_v conclude_v i_o say_v that_o land_n shall_v sell_v in_o proportion_n to_o use_v according_a to_o these_o follow_a rate_n viz._n when_o money_n be_v at_o 10_o per_fw-la cent._n for_o 10_o year_n purchase_n when_o money_n be_v at_o 8_o per_fw-la cent._n for_o 12_o 1_o ●_o year_n purchase_v when_o money_n be_v at_o 6_o per_fw-la cent._n for_o 16_o ●_o ●_o year_n purchase_v when_o money_n be_v at_o 5_o per_fw-la cent._n for_o 20_o year_n purchase_n when_o money_n be_v at_o 4_o per_fw-la cent._n for_o 25_o year_n purchase_n but_o experience_n tell_v we_o that_o neither_o in_o queen_n elizabeth_n nor_o king_n james_n the_o first_o reign_v when_o interest_n be_v at_o ten_o per_fw-la cent._n be_v land_n sell_v for_o ten_o or_o when_o it_o be_v at_o eighth_n per_fw-mi cent_z for_o 12_o ½_o year_n purchase_v or_o any_o thing_n near_o the_o low_a rate_n that_o high_o use_v require_v if_o it_o be_v true_a that_o the_o rate_n of_o interest_n govern_v the_o price_n of_o land_n any_o more_o than_o land_n now_o yield_v 25_o year_n purchase_n because_o a_o great_a part_n of_o the_o moneyed_a man_n will_v now_o let_v their_o money_n upon_o good_a security_n at_o four_o per_fw-la cent._n thus_o we_o see_v in_o fact_n how_o little_a this_o rule_n have_v hold_v at_o home_n and_o he_o that_o will_v look_v into_o holland_n will_v find_v that_o the_o purchase_n of_o land_n be_v not_o raise_v there_o when_o their_o interest_n fall_v this_o be_v certain_a and_o past_a doubt_n that_o the_o legal_a interest_n can_v never_o regulate_v the_o price_n of_o land_n since_o it_o be_v plain_a that_o the_o price_n of_o land_n have_v never_o change_v with_o it_o in_o the_o several_a change_n have_v be_v make_v in_o the_o rate_n of_o interest_n by_o law_n nor_o now_o that_o the_o rate_n of_o interest_n be_v by_o law_n the_o same_o through_o all_o england_n be_v the_o price_n of_o land_n every_o where_o the_o same_o it_o be_v in_o some_o part_n constant_o sell_v for_o 4_o or_o 5_o year_n purchase_v more_o than_o in_o other_o whether_o you_o or_o i_o can_v tell_v the_o reason_n of_o this_o it_o matter_n not_o to_o the_o question_n in_o hand_n but_o it_o be_v real_o so_o this_o be_v plain_a demonstration_n against_o those_o who_o pretend_v to_o advance_v and_o regulate_v the_o price_n of_o land_n by_o a_o law_n concern_v the_o interest_n of_o money_n but_o yet_o i_o will_v give_v you_o some_o of_o my_o guess_n why_o the_o price_n of_o land_n be_v not_o regulate_v as_o at_o first_o sight_n it_o seem_v it_o shall_v be_v by_o the_o interest_n of_o money_n why_o it_o be_v not_o regulate_v by_o the_o legal_a use_n be_v manifest_a because_o the_o rate_n of_o
quarter_n of_o england_n and_o into_o a_o great_a number_n of_o hand_n according_a to_o the_o exigence_n of_o trade_n if_o money_n be_v to_o be_v hire_v as_o land_n be_v or_o to_o be_v have_v as_o corn_n or_o wool_n from_o the_o owner_n himself_o and_o know_v good_a security_n be_v give_v for_o it_o it_o may_v then_o probable_o be_v have_v at_o the_o market_n which_o be_v the_o true_a rate_v and_o will_v be_v a_o constant_a gauge_v of_o your_o trade_n and_o wealth_n but_o when_o a_o kind_n of_o monopoly_n by_o consent_n have_v put_v this_o general_a commodity_n into_o a_o few_o hand_n it_o may_v need_v regulation_n though_o what_o the_o state_v rate_n of_o interest_n shall_v be_v in_o the_o constant_a change_n of_o affair_n and_o flux_n of_o money_n be_v hard_o to_o determine_v possible_o it_o may_v be_v allow_v as_o a_o reasonable_a proposal_n that_o it_o shall_v be_v within_o such_o bound_n 〈…〉_z quite_o l●t_v up_o the_o merchant_n and_o tradesman_n profit_n and_o discourage_v their_o industry_n nor_o on_o the_o other_o hand_n so_o low_a as_o shall_v hinder_v man_n from_o risque_a their_o money_n in_o other_o man_n hand_n and_o so_o rather_o choose_v to_o keep_v it_o out_o of_o trade_n than_o venture_v it_o upon_o so_o small_a profit_n when_o it_o be_v too_o high_a it_o so_o hinder_v the_o merchant_n gain_n that_o he_o will_v not_o borrow_v when_o too_o low_a it_o so_o hinder_v the_o moneyed_a man_n profit_n that_o he_o will_v not_o lend_v and_o both_o these_o way_n it_o be_v a_o hindrance_n to_o trade_n but_o this_o be_v perhaps_o too_o general_a and_o loose_a a_o rule_n let_v i_o add_v that_o if_o one_o will_v consider_v money_n and_o land_n alone_o in_o relation_n one_o to_o another_o perhaps_o it_o be_v now_o at_o six_o per_fw-la cent._n in_o as_o good_a a_o proportion_n as_o be_v possible_a six_o per_fw-la cent._n be_v a_o little_a high_o than_o land_n at_o twenty_o year_n purchase_n which_o be_v the_o rate_v pretty_a near_o that_o land_n have_v general_o carry_v in_o england_n it_o never_o be_v much_o over_o nor_o under_o for_o suppose_v 100_o l._n in_o money_n and_o land_n of_o 5_o l._n per_fw-la annum_fw-la be_v of_o equal_a value_n which_o be_v land_n at_o twenty_o year_n purchase_n it_o be_v necessary_a for_o the_o make_v their_o value_n true_o equal_a that_o they_o shall_v produce_v a_o equal_a income_n which_o the_o 100_o l._n at_o 5_o l._n per_fw-la cent._n interest_n be_v not_o likely_a to_o do_v 1._o because_o of_o the_o many_o and_o sometime_o long_a interval_n of_o barrenness_n which_o happen_v to_o money_n more_o than_o land_n money_n at_o use_n when_o return_v into_o the_o hand_n of_o the_o owner_n usual_o lie_v dead_a there_o till_o he_o get_v a_o new_a tenant_n for_o it_o and_o can_v put_v it_o out_o again_o and_o all_o this_o time_n it_o produce_v nothing_o but_o this_o happen_v not_o to_o land_n the_o grow_a product_n whereof_o turn_v to_o account_v to_o the_o owner_n even_o when_o it_o be_v in_o his_o hand_n or_o be_v allow_v for_o by_o the_o tenant_n antecedent_o to_o his_o enter_v upon_o the_o farm_n for_o though_o a_o man_n who_o borrow_v money_n at_o midsummer_n never_o begin_v to_o pay_v his_o interest_n from_o our_o lady-day_n or_o one_o moment_n backward_o yet_o he_o who_o rent_n a_o farm_n at_o midsummer_n may_v have_v as_o much_o reason_n to_o begin_v his_o rent_n from_o our_o lady-day_n as_o if_o he_o have_v then_o enter_v upon_o it_o beside_o the_o dead_a interval_n of_o cease_v profit_n which_o happen_v to_o money_n more_o than_o land_n there_o be_v another_o reason_n why_o the_o profit_n and_o income_n of_o money_n let_v out_o shall_v be_v a_o little_a high_o than_o that_o of_o land_n and_o that_o be_v because_o money_n out_o at_o interest●●●s_n ●●●s_z a_o great_a risque_n than_o land_n do_v the_o ●o●●ower_n may_v break_v and_o run_v away_o with_o the_o money_n and_o then_o not_o only_o the_o 〈◊〉_d due_a but_o all_o the_o future_a profit_n with_o the_o principal_a be_v lose_v forever_o but_o in_o land_n a_o man_n can_v lose_v but_o the_o rent_n due_a for_o which_o usual_o too_o the_o stock_n upon_o the_o land_n be_v sufficient_a security_n and_o if_o a_o tenant_n run_v away_o in_o arrear_n of_o some_o rent_n the_o land_n remain_v that_o can_v be_v carry_v away_o or_o lose_v shall_v a_o man_n purchase_v good_a land_n in_o middlesex_n of_o 5_o l._n per_fw-la annum_fw-la at_o twenty_o year_n purchase_n and_o other_o land_n in_o rumney-marsh_n or_o elsewhere_o of_o the_o same_o yearly_a value_n but_o so_o situate_v that_o it_o be_v in_o danger_n to_o be_v swallow_v of_o the_o sea_n and_o be_v utter_o lose_v it_o will_v not_o be_v unreasonable_a he_o shall_v expect_v to_o have_v it_o under_o twenty_o year_n purchase_n suppose_v 16_o ½_o this_o be_v to_o bring_v it_o to_o just_a the_o case_n of_o land_n at_o twenty_o year_n purchase_n and_o money_n at_o six_o per_fw-la cent._n where_o the_o uncertainty_n of_o secure_v one_o money_n may_v well_o be_v allow_v that_o advantage_n of_o great_a profit_n and_o therefore_o perhaps_o the_o legal_a interest_n now_o in_o england_n at_o six_o per_fw-la cent_z be_v as_o reasonable_a and_o convenient_a a_o rate_n as_o can_v well_o be_v set_v by_o a_o stand_a rule_n especial_o if_o we_o consider_v that_o the_o law_n require_v not_o a_o man_n to_o pay_v six_o per_fw-la cent_z but_o tie_v up_o the_o lender_n from_o take_v more_o so_o that_o if_o ever_o it_o fall_v of_o itself_o the_o moneyed_a man_n be_v sure_a to_o find_v it_o and_o his_o interest_n will_v be_v bring_v down_o to_o it_o high_a interest_n be_v think_v by_o some_o a_o prejudice_n to_o trade_n but_o if_o we_o will_v look_v back_o we_o shall_v find_v that_o england_n never_o thrive_v so_o well_o nor_o be_v there_o ever_o bring_v into_o england_n so_o great_a a_o increase_n of_o wealth_n since_o as_o in_o queen_n elizabeth_n and_o king_n james_n i._o and_o king_n charles_n i._o time_n when_o money_n be_v at_o 10_o and_o 8_o per_fw-la cent._n i_o will_v not_o say_v high_a interest_n be_v the_o cause_n of_o it_o for_o i_o rather_o think_v that_o our_o thrive_a trade_n be_v the_o cause_n of_o high_a interest_n every_o one_o crave_v money_n to_o employ_v in_o a_o profitable_a commerce_n but_o this_o i_o think_v i_o may_v reasonable_o infer_v from_o it_o that_o lower_v of_o interest_n be_v not_o a_o sure_a way_n to_o improve_v either_o our_o trade_n or_o wealth_n to_o this_o i_o hear_v some_o say_v that_o the_o dutch_a skilful_a in_o all_o art_n of_o promote_a trade_n to_o out_o do_v we_o in_o this_o as_o well_o as_o all_o other_o advancement_n of_o it_o have_v observe_v this_o rule_n that_o when_o we_o fall_v interest_n in_o england_n from_o 10_o to_o 8._o they_o present_o sink_v interest_n in_o holland_n to_o 4_o per_fw-la cent._n and_o again_o when_o we_o lower_v it_o to_o 6_o they_o fall_v it_o to_o 3_o per_fw-la cent._n thereby_o to_o keep_v the_o advantage_n which_o the_o lowness_n of_o interest_n give_v to_o trade_n from_o whence_o these_o man_n ready_o conclude_v that_o the_o fall_n of_o interest_n will_v a●●ance_v trade_n in_o england_n to_o which_o i_o answer_v 1._o that_o this_o look_n like_o a_o argument_n rather_o make_v for_o the_o present_a occasion_n to_o mislead_v those_o who_o be_v credulous_a enough_o to_o swallow_v it_o than_o arise_v from_o 〈◊〉_d reason_n and_o matter_n of_o fact_n for_o if_o lower_a interest_n be_v so_o advantageous_a to_o trade_n why_o do_v the_o dutch_a so_o constant_o take_v their_o measure_n only_o by_o we_o and_o not_o as_o well_o by_o some_o other_o of_o their_o neighbour_n with_o who_o they_o have_v as_o great_a or_o great_a commerce_n than_o with_o we_o this_o be_v enough_o at_o first_o sight_n to_o make_v one_o suspect_v this_o to_o be_v dust_n only_o raise_v to_o throw_v in_o people_n eye_n and_o a_o suggestion_n make_v to_o serve_v a_o purpose_n for_o 2._o it_o will_v not_o be_v find_v true_a that_o when_o we_o abate_v interest_n here_o in_o england_n to_o 8._o the_o dutch_a sink_v it_o in_o holland_n to_o 4_o per_fw-la cent._n by_o law_n or_o that_o there_o be_v any_o law_n make_v in_o holland_n to_o limit_v the_o rate_n of_o interest_n to_o 3_o per_fw-la cent._n when_o we_o reduce_v it_o in_o england_n to_o 6._o it_o be_v true_a john_n de_fw-fr witt_n when_o he_o manage_v the_o affair_n of_o holland_n set_v himself_o to_o lessen_v the_o public_a debt_n and_o have_v actual_o pay_v some_o and_o get_v money_n in_o a_o readiness_n to_o pay_v other_o send_v notice_n to_o all_o the_o creditor_n that_o those_o who_o will_v not_o take_v 4_o per_fw-la cent._n shall_v come_v and_o receive_v their_o money_n the_o creditor_n find_v he_o in_o earnest_n and_o know_v not_o how_o
money_n do_v not_o follow_v the_o standard_n of_o the_o law_n but_o the_o price_n of_o the_o market_n and_o man_n not_o observe_v the_o legal_a and_o force_v but_o the_o natural_a and_o current_a interest_n of_o money_n regulate_v their_o affair_n by_o that_o but_o why_o the_o rate_n of_o land_n do_v not_o follow_v the_o current_a interest_n of_o money_n require_v a_o far_a consideration_n all_o thing_n that_o be_v buy_v and_o sell_v raise_v and_o fall_v their_o price_n in_o proportion_n as_o there_o be_v more_o buyer_n or_o seller_n where_o be_v a_o great_a many_o seller_n to_o a_o few_o buyer_n there_o use_v what_o art_n you_o will_v the_o thing_n to_o be_v sell_v will_v be_v cheap_a on_o the_o other_o side_n turn_v the_o table_n and_o raise_v up_o a_o great_a many_o buyer_n for_o a_o few_o seller_n and_o the_o same_o thing_n will_v immediate_o grow_v dear_a this_o rule_n hold_v in_o land_n as_o well_o as_o all_o other_o commodity_n and_o be_v the_o reason_n why_o in_o england_n at_o the_o same_o time_n that_o land_n in_o some_o place_n be_v at_o seventeen_o or_o eighteen_o year_n purchase_n it_o be_v about_o other_o where_o there_o be_v profitable_a manufacture_n at_o two_o or_o three_o and_o twenty_o year_n purchase_n because_o there_o man_n thrive_v and_o get_v money_n by_o their_o industry_n and_o willing_a to_o leave_v their_o estate_n to_o their_o child_n in_o land_n as_o the_o sure_a and_o most_o last_a provision_n and_o not_o so_o liable_a to_o casualty_n as_o money_n in_o untrade_n or_o unskilful_a hand_n there_o be_v many_o buyer_n ready_a always_o to_o purchase_v but_o few_o seller_n for_o the_o land_n thereabouts_o be_v already_o possess_v by_o that_o sort_n of_o industrious_a and_o thrive_a man_n they_o have_v neither_o need_n nor_o will_v to_o sell_v in_o such_o place_n of_o manufacture_n the_o riches_n o●_n the_o one_o not_o arise_v from_o the_o squandr_a and_o waste_a of_o another_o as_o it_o do_v in_o other_o place_n where_o man_n live_v lazy_o upon_o the_o product_n of_o the_o land_n the_o industry_n of_o the_o people_n bring_v in_o increase_n of_o wealth_n from_o remote_a part_n make_v plenty_n of_o money_n there_o without_o the_o impoverish_n of_o their_o neighbour_n and_o when_o the_o thrive_a tradesman_n have_v get_v more_o than_o he_o can_v well_o employ_v in_o trade_n his_o next_o thought_n be_v to_o look_v out_o for_o a_o purchase_n but_o it_o must_v be_v a_o purchase_n in_o the_o neighbourhood_n where_o the_o estate_n may_v be_v under_o his_o eye_n and_o within_o convenient_a distance_n that_o the_o care_n and_o pleasure_n of_o his_o farm_n may_v not_o take_v he_o off_o from_o the_o engagement_n of_o his_o call_v nor_o remove_v his_o child_n too_o far_o from_o he_o or_o the_o trade_n he_o breed_v they_o up_o in_o and_o this_o seem_v to_o i_o the_o reason_n why_o in_o place_n wherein_o thrive_a manufacture_n have_v erect_v themselves_o land_n have_v be_v observe_v to_o sell_v quick_a and_o for_o more_o year_n purchase_v than_o in_o other_o as_o about_o hallifax_n in_o the_o north_n taunton_n and_o exeter_n in_o the_o west_n this_o be_v that_o than_o which_o make_v land_n as_o well_o as_o other_o thing_n dear_a plenty_n of_o buyer_n and_o but_o few_o seller_n and_o so_o by_o the_o rule_n of_o contrary_n plenty_n of_o seller_n and_o few_o buyer_n make_v land_n cheap_a he_o that_o will_v just_o estimate_v the_o value_n of_o any_o thing_n must_v consider_v its_o quantity_n in_o proportion_n to_o its_o vent_n for_o this_o alone_a regulate_v the_o price_n for_o the_o value_n of_o any_o thing_n compare_v with_o its_o self_n or_o with_o a_o stand_a measure_n be_v great_a as_o its_o quantity_n be_v less_o in_o proportion_n to_o its_o vent_n but_o in_o compare_v it_o or_o exchange_v it_o with_o any_o other_o thing_n the_o quantity_n and_o vent_v too_o of_o that_o must_v be_v allow_v for_o in_o the_o computation_n of_o their_o value_n but_o because_o the_o desire_n of_o money_n be_v constant_o almost_o every_o where_o the_o same_o its_o vent_n vary_v very_o little_a but_o as_o its_o great_a scarcity_n enhanse_v its_o price_n and_o increase_v the_o scramble_v there_o be_v nothing_o else_o that_o do_v easy_o supply_v the_o want_n of_o it_o the_o lessen_v its_o quantity_n therefore_o always_o increase●_n its_o price_n and_o make_v a_o equal_a portion_n of_o it_o exchange_v for_o a_o great_a of_o any_o other_o thing_n thus_o it_o come_v to_o pass_v that_o there_o be_v no_o manner_n of_o settle_a proportion_n between_o the_o value_n of_o a_o ounce_n of_o silver_n and_o any_o other_o commodity_n for_o either_o vary_a its_o quantity_n in_o that_o country_n or_o the_o commodity_n change_v its_o quantity_n in_o proportion_n to_o its_o vent_n their_o respective_a value_n change_v i._n e._n less_o of_o one_o will_v barter_n for_o more_o of_o the_o other_o though_o in_o the_o ordinary_a way_n of_o speak_v it_o be_v only_o say_v that_o the_o price_n of_o the_o commodity_n not_o of_o the_o money_n be_v change_v for_o example_n half_o a_o ounce_n of_o silver_n in_o england_n will_v exchange_v sometime_o for_o a_o bushel_n of_o wheat_n sometime_o for_o ½_o sometime_o but_o ¼_n etc._n etc._n and_o this_o it_o do_v equal_o whether_o by_o use_v it_o be_v apt_a to_o bring_v in_o to_o the_o owner_n 6_o 100_o of_o its_o own_o weight_n per_fw-la annum_fw-la or_o nothing_o at_o all_o it_o be_v only_o the_o change_n of_o the_o quantity_n of_o wheat_n to_o its_o vent_n suppose_v we_o have_v still_o the_o same_o sum_n of_o money_n in_o the_o kingdom_n or_o else_o the_o change_n of_o the_o quantity_n of_o our_o money_n in_o the_o kingdom_n suppose_v the_o quantity_n of_o wheat_n in_o respect_n to_o its_o vent_n be_v the_o same_o too_o that_o make_v the_o change_n in_o the_o price_n of_o wheat_n for_o if_o you_o alter_v the_o quantity_n or_o vent_n on_o either_o side_n you_o present_o alter_v the_o price_n but_o no_o other_o way_n in_o the_o world_n for_o it_o be_v not_o the_o 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for_o air_n still_o offer_v its_o self_n every_o where_o without_o restraint_n or_o enclosure_n and_o therefore_o be_v no_o where_o of_o any_o price_n come_v any_o where_o to_o be_v reduce_v into_o any_o proportion_n to_o its_o consumption_n it_o begin_v present_o to_o have_v a_o price_n and_o be_v sometime_o sell_v dear_a than_o wine_n and_o hence_o it_o be_v that_o the_o best_a and_o most_o useful_a thing_n be_v common_o the_o cheap_a because_o though_o their_o consumption_n be_v great_a yet_o the_o bounty_n of_o providence_n have_v make_v their_o production_n large_a and_o suitable_a to_o it_o 2._o nor_o do_v the_o add_v a_o excellency_n to_o any_o commodity_n raise_v its_o price_n unless_o it_o increase_v its_o consumption_n for_o suppose_v there_o shall_v be_v teach_v a_o way_n which_o shall_v be_v publish_v to_o the_o knowledge_n of_o every_o one_o to_o make_v a_o medicine_n of_o wheat_n alone_o that_o shall_v infallible_o cure_v the_o stone_n it_o be_v certain_a the_o discovery_n of_o this_o quality_n in_o that_o grain_n will_v give_v it_o a_o excellency_n very_o considerable_a and_o yet_o this_o will_v not_o increase_v the_o price_n of_o it_o one_o farthing_n in_o twenty_o bushel_n because_o its_o quantity_n or_o vent_n will_v not_o hereby_o to_o any_o sensible_a degree_n be_v alter_v 3._o neither_o do_v the_o increase_v of_o any_o good_a quality_n in_o any_o sort_n of_o thing_n make_v it_o yield_v more_o for_o though_o teasel_n be_v much_o better_a this_o year_n than_o they_o be_v last_o they_o be_v not_o one_o jot_n dear_a unless_o they_o be_v few_o too_o or_o the_o consumption_n of_o they_o great_a 4._o nor_o do_v the_o lessen_v the_o good_a quality_n of_o any_o sort_n of_o commodity_n lessen_v its_o price_n which_o be_v evident_a in_o hop_n that_o be_v
dearness_n of_o food_n and_o labour_n in_o general_n in_o holland_n and_o the_o cheapness_n of_o it_o in_o england_n if_o n._n have_v 10000_o l._n in_o holland_n which_o the_o great_a advantage_n he_o can_v make_v of_o it_o in_o england_n either_o by_o use_n or_o purchase_n tempt_v he_o to_o transfer_v into_o england_n it_o be_v probable_a he_o will_v give_v as_o much_o to_o a_o merchant_n in_o holland_n to_o pay_v he_o 10000_o l._n in_o england_n as_o the_o insurance_n of_o that_o time_n between_o holland_n and_o england_n be_v worth_a which_o if_o it_o be_v in_o a_o country_n where_o the_o exportation_n of_o bullion_n be_v prohibit_v he_o must_v pay_v the_o more_o because_o his_o venture_n if_o he_o carry_v it_o in_o specie_fw-la will_v be_v great_a and_o upon_o this_o ground_n perhaps_o the_o prohibit_v the_o exportation_n of_o money_n out_o of_o england_n under_o penalty_n may_v be_v of_o some_o use_n by_o make_v the_o rate_n of_o the_o exchange_n great_a upon_o those_o country_n who_o import_n upon_o we_o more_o than_o they_o export_v in_o commodity_n and_o so_o retain_v some_o part_n of_o the_o money_n which_o their_o overbalance_n of_o trade_n will_v carry_v away_o from_o we_o though_o after_o all_o if_o we_o be_v overballanced_a in_o trade_n it_o must_v go_v but_o since_o the_o holland_n merchant_n can_v receive_v n_o his_o 10000_o l._n in_o money_n in_o holland_n and_o pay_v he_o 10000_o l._n in_o england_n unless_o his_o overbalance_n of_o trade_n make_v englishman_n indebt_v to_o he_o 10000_o l._n in_o money_n which_o he_o be_v not_o like_a to_o take_v in_o commodity_n i_o think_v the_o overbalance_n of_o trade_n be_v that_o which_o chief_o raise_v the_o exchange_n in_o any_o country_n and_o that_o plenty_n of_o money_n in_o any_o country_n do_v it_o only_o for_o so_o much_o of_o the_o money_n as_o be_v transfer_v either_o to_o be_v let_v out_o to_o use_v or_o to_o be_v spend_v there_o and_o though_o lend_v to_o foreigner_n upon_o use_n do_v not_o at_o 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a_o scarcity_n of_o buyer_n of_o land_n be_v doubtful_a and_o ill_a title_n where_o these_o be_v frequent_a and_o fatal_a one_o can_v no_o more_o expect_v that_o man_n who_o have_v money_n shall_v be_v forward_o to_o purchase_v than_o ship_n rich_o lade_v to_o venture_v themselves_o among_o rock_n and_o quicksand_n it_o be_v no_o wonder_n such_o sea_n shall_v not_o be_v much_o frequent_v where_o the_o example_n and_o remain_v of_o daily_a wreck_n show_v the_o ●olly_n and_o hazard_n of_o the_o venture_n in_o the_o number_n of_o those_o who_o have_v miscarry_v 3._o a_o general_a decay_n of_o trade_n discourage_v man_n from_o purchasing●_n for_o this_o threaten_v a_o universal_a poverty_n which_o be_v sure_a to_o fall_v first_o and_o heavy_a upon_o land_n the_o merchant_n who_o furnish_v the_o
must_v make_v up_o it_o will_v follow_v that_o they_o will_v have_v less_o to_o lay_v out_o in_o clothes_n as_o well_o as_o other_o thing_n and_o so_o will_v either_o wear_v they_o long_o or_o pay_v less_o for_o they_o if_o a_o clothier_n find_v a_o want_n of_o vent_n he_o must_v either_o sell_v cheap_a or_o not_o at_o all_o if_o he_o sels_z cheap_a he_o must_v also_o pay_v less_o both_o for_o wool_n and_o labour_n and_o if_o the_o labourer_n have_v less_o wage_n he_o must_v also_o pay_v less_o for_o corn_n butter_n cheese_n flesh_n or_o else_o forbear_v some_o of_o these_o quite_o in_o all_o which_o case_n the_o price_n of_o wool_n corn_n flesh_n and_o the_o other_o product_n of_o land_n be_v bring_v down_o and_o the_o land_n bear_v the_o great_a part_n of_o the_o loss_n for_o wherever_o the_o consumption_n or_o vent_n of_o any_o commodity_n be_v stop_v there_o the_o stop_n continue_v on_o till_o it_o come_v to_o the_o land-holder_n and_o wherever_o the_o price_n of_o any_o 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it_o up_o now_o as_o to_o the_o two_o first_o cause_n of_o fall_v of_o rent_n fall_v of_o interest_n have_v no_o influence_n at_o all_o in_o the_o latter_a ●it_n have_v a_o great_a part_n because_o it_o make_v the_o money_n of_o england_n less_o by_o make_v both_o englishman_n and_o foreigner_n withdraw_v or_o withhold_v their_o money_n for_o that_o which_o be_v not_o let_v loose_a into_o trade_n be_v all_o one_o while_o hoard_v up_o as_o if_o it_o be_v not_o in_o be_v i_o have_v hear_v it_o bring_v for_o a_o reason_n why_o interest_n shall_v be_v reduce_v to_o four_o per_fw-mi cent_z that_o thereby_o the_o landholder_n who_o bear_v the_o burden_n of_o the_o public_a charge_n may_v ●e_v in_o some_o degree_n ease_v by_o fall_v of_o interest_n this_o argument_n will_v be_v put_v right_a if_o you_o 〈◊〉_d it_o will_v case_v the_o forrower_n and_o say_v the_o less_o on_o the_o lender_n but_o it_o concern_v not_o the_o land_n in_o general_n unless_o you_o will_v suppose_v all_o land-holders_n in_o debt_n 〈…〉_z we_o may_v yet_o think_v that_o man_n in_o ●●gland_n who_o have_v land_n have_v money_n too_o and_o that_o land_a man_n as_o well_o a●_n other_o by_o their_o providence_n and_o good_a husbandry_n accommodate_v their_o expense_n to_o their_o income_n keep_v themselves_o from_o go_v backward_o in_o the_o world_n that_o which_o be_v urge_v as_o most_o deserve_a consideration_n and_o remedy_n in_o the_o case_n be_v that_o it_o be_v hard_a and_o unreasonable_a that_o one_o who_o have_v mortgage_v half_a his_o land_n shall_v yet_o pay_v tax_n for_o the_o whole_a while_o the_o mortgage_n go_v away_o with_o the_o clear_a profit_n of_o a_o high_a interest_n to_o this_o i_o answer_v 1._o that_o if_o any_o man_n have_v run_v himself_o in_o debt_n for_o the_o service_n of_o his_o country_n it_o be_v fit_a the_o public_a shall_v reimburse_v he_o and_o set_v he_o free_a this_o be_v a_o care_n that_o become_v the_o public_a justice_n that_o man_n if_o they_o receive_v no_o reward_n shall_v at_o least_o be_v keep_v from_o suffer_v in_o have_v serve_v their_o country_n but_o i_o do_v not_o remember_v the_o polity_n of_o any_o nation_n who_o alter_v their_o constitution_n in_o favour_n of_o those_o who_o mismanagement_n have_v bring_v they_o behindhand_o possible_o as_o think_v the_o public_a little_a behold_v to_o those_o who_o have_v misemploy_v the_o stock_n of_o their_o country_n in_o the_o excess_n of_o their_o private_a expense_n and_o by_o their_o example_n spread_v a_o fashion_n that_o carry_v ruin_n with_o it_o man_n pay_v tax_n of_o mortgage_v land_n be_v a_o punishment_n for_o ill-husbandry_n which_o ought_v to_o be_v discourage_v but_o it_o concern_v very_o little_a the_o frugal_a and_o the_o thrifty_a 2._o another_o thing_n to_o be_v say_v in_o reply_n to_o this_o be_v that_o it_o be_v with_o gentleman_n in_o the_o country_n as_o with_o tradesman_n in_o the_o city_n if_o they_o will_v own_o title_n to_o great_a estate_n than_o real_o they_o have_v it_o be_v their_o own_o fault_n and_o there_o be_v no_o way_n leave_v to_o help_v they_o from_o pay_v for_o they_o the_o remedy_n be_v in_o their_o own_o hand_n to_o discharge_v themselves_o when_o they_o please_v and_o when_o they_o have_v once_o sell_v their_o land_n and_o pay_v their_o debt_n they_o will_v no_o long_o pay_v tax_n for_o what_o they_o own_o without_o be_v real_o they_o there_o be_v another_o way_n also_o whereby_o they_o may_v be_v relieve_v as_o well_o as_o a_o great_a many_o other_o inconvenience_n remedy_v and_o that_o be_v by_o a_o registry_n for_o if_o mortgage_n be_v register_v i_o and_o tax_n may_v reach_v they_o and_o order_v the_o lender_n to_o pay_v his_o proportion_n i_o have_v meet_v with_o patron_n of_o four_o per_fw-la cent_z who_o among_o many_o other_o fine_a thing_n they_o tell_v we_o of_o affirm_v that_o if_o interest_n be_v reduce_v to_o four_o per_fw-mi cent_z then_o s●me_v man_n will_v borrow_v money_n at_o this_o low_a rate_n pay_v their_o debt_n other_o will_v borrow_v more_o than_o they_o now_o do_v and_o improve_v their_o land_n other_o will_v borrow_v more_o and_o employ_v it_o in_o trade_n and_o manufacture_n gild_a word_n indeed_o be_v there_o any_o thing_n substantial_a in_o they_o these_o man_n talk_v as_o if_o they_o mean_v to_o show_v we_o not_o only_o the_o wisdom_n but_o riches_n of_o solomon_n and_o make_v gold_n and_o silver_n as_o common_a as_o the_o stone_n in_o the_o street_n but_o at_o last_o i_o fear_v it_o will_v be_v but_o wit_n without_o money_n and_o i_o wish_v it_o amount_v to_o that_o it_o be_v without_o question_n that_o can_v the_o countryman_n and_o the_o tradesman_n take_v up_o money_n cheap_a than_o now_o they_o do_v every_o man_n will_v be_v forward_o to_o borrow_v and_o desire_v that_o he_o may_v have_v other_o man_n money_n to_o employ_v to_o his_o advantage_n and_o therefore_o i_o confess_v those_o who_o contend_v for_o four_o per_fw-la cent_z have_v find_v out_o a_o way_n to_o set_v man_n month_n a_o water_v for_o money_n at_o that_o rate_n and_o to_o increase_v the_o number_n of_o the_o borrower_n in_o england_n if_o any_o body_n can_v imagine_v it_o will_v be_v a_o advantage_n to_o increase_v they_o but_o to_o answer_v all_o their_o fine_a project_n i_o have_v but_o this_o one_o short_a question_n to_o ask_v they_o will_v four_o per_fw-mi cent_z increase_v the_o number_n of_o the_o lender_n if_o it_o will_v not_o as_o any_o man_n at_o the_o very_a first_o hear_n will_v shrewd_o suspect_v it_o will_v not_o than_o all_o the_o plenty_n of_o money_n these_o conjurer_n bestow_v upon_o we_o for_o improvement_n of_o land_n pay_v of_o debt_n and_o advancement_n of_o trade_n be_v but_o like_o the_o gold_n and_o silver_n which_o old_a woman_n believe_v other_o conjurer_n bestow_v sometime_o by_o whole_a lapful_n on_o poor_a credulous_a girl_n which_o when_o they_o bring_v to_o the_o light_n be_v find_v to_o be_v nothing_o but_o wither_a leave_n and_o the_o possessor_n of_o it_o be_v still_o as_o much_o in_o want_n of_o money_n as_o ever_o indeed_o i_o grant_v it_o will_v be_v well_o for_o england_n and_o i_o wish_v it_o be_v so_o that_o the_o plenty_n of_o money_n be_v so_o great_a among_o we_o that_o every_o man_n can_v borrow_v as_o much_o as_o he_o can_v use_v in_o trade_n for_o four_o per_fw-mi cent_z nay_o that_o man_n can_v borrow_v as_o much_o as_o they_o can_v employ_v for_o six_o per_fw-la cent._n but_o even_o at_o that_o rate_n the_o borrower_n already_o be_v far_o more_o than_o the_o lender_n why_o else_o do_v the_o merchant_n upon_o occasion_n pay_v six_o per_fw-la cent_z and_o often_o above_o that_o rate_n for_o brokage_n and_o why_o do_v the_o country_n gentleman_n of_o 1000_o l._n per_fw-la annum_fw-la find_v