Selected quad for the lemma: land_n

Word A	Word B	Word C	Word D	Occurrence	Frequency Band	MI	MI Band	Prominent
land_n	rent_n	value_n	yearly_a	1,574	5	10.4477	5	false

Text snippets containing the quad

ID	Title	Author	Corrected Date of Publication (TCP Date of Publication)	STC	Words	Pages
A33408	A discourse of the general notions of money, trade & exchanges, as they stand in relation to each other attempted by way of aphorism : with a letter to a minister of state, further explaining the aphorisms, and applying them to the present circumstances of this nation : wherein also some thoughts are suggested for the remedying the abuses of our money / by a merchant.	Clement, Simon.	1695 (1695)	Wing C4638; ESTC R38746	24,019	41

former Value although I will confess That I think the System which he hath fram'd for the Effecting the Matter in that way to be the most compleat that can be if it shall be thought absolutely necessary for us to proceed upon the Foundation of Raising the Value of our Money And although I am not willing to contravert this Point with a Person whose Abilities I esteem so much beyond my own yet forasmuh as I expect this Matter will become the Serious Debate of the Parliament and that I am very confident that that Worthy Gentleman will readily Acquiesce in whatsoever shall be thought most Expedient for the Publick Good I cannot think it will be any Offence to him if I here add some Reasons why I continue to Dissent from him in that Notion First then I doubt it will not in the least measure prevent the Carrying out of our Bullion or Exporting our Coin because as I have already shewn if our Occasions shall continue to require more Money Abroad than doth arise from the Ballance of our Trade there can be no other way of Supplying it than by sending the Overplus in Bullion and this must be had in the full Quantity by Weight which shall be wanted And therefore if we should advance the Value of our Money so as to make our present Crown pass amongst our selves for Seven shillings Six pence or more the Price of our Bullion would yet be somewhat higher For I believe it may be admitted for a certain Rule That whensoever there is such a Demand the Price of Bullion will always advance something above our Coin'd Money because of the Penalty and Hazard that attends the Melting or Transporting the latter and yet notwithstanding that Hazard we see People are not to be deterr'd from it when a considerable Profit tempts them thereto by the Price of Bullion rising much above it so that it seems to me altogether as impossible to find out any Regulation that can keep our Silver either Coin'd or Uncoin'd at Home whensoever our Necessities Abroad demand a greater Value than the produce of all our Merchandize Exported can furnish as to take away the Effect while the Cause remains Secondly I think that an Advance of Twenty five per Cent. upon our Money if it hath any Effect at all upon us must tend very much to the Impoverishment of the Nation to confirm which Opinion two Dilemma's will offer themselves and I know not how they can be avoided For if the Species of our Coin be Rais'd to pass for one fourth part more than formerly either the Price of the Product of our Lands and Labour will rise in the same Proportion thereto or else they will be bought for one fourth part less than the due Weight of our present Coin Now if it may be suppos'd that our Product will rise in the same Proportion then this Alteration will conduce nothing either to the Multiplying of the Currant Cash necessary for the Circulation of our Trade because every Man will have need of the same Quantity of Silver and Gold in Weight as before or to the giving any Encouragement for the bringing in of Silver from Abroad because it would really buy no more of our Goods to Transport than it did before So that thus the Difference would be nothing more to us than in the Computation and will only appear in the Swelling of the Figures of our Accompts But if this Alteration shall obtain to Cause the Product of our Lands and Labour to be sold for the same Computation of Pounds Shillings and Pence as now although the Coin will be one quarter part less in weight it must consequently have a very fatal Influence upon the Trade from whence we draw all our Wealth For to instance in the Trade of Spain because that is as the Fountain of Silver and Gold to all Europe when the Merchant shall come to find that his Bullion Imported thence will purchase in England one quarter part of our Commodities more than formerly the Encouragement by this extravagant Profit will be so great That not only our own but foreign Merchants also will presently be at it and bring all their Bullion hither to lay out in our English Goods And this will certainly be a Brave Trade and will seem to answer the end of drawing in Silver and Gold to us for a while But what will follow Why in a few Months time the multitude of Seekers after this profitable Trade will have crouded the Spanish Markets with such gluts of our Goods that they 'll presently find out the blind side and will infallibly take Occasion by the Over-plenty of Goods at Market to beat down the Prices even lower than the Twenty Five per Cent. which he hop'd he had gain'd by the Laying out his Money in England neither will they ever rife again higher than just to afford such a Profit pro rato to the Money which us'd to content the Merchant when he formerly kept jogging on in his Spanish Trade So here our violent Start will last but a little while and ever after we must not expect that the Product of our Nation will afford us in Foreign Countries any more than three quarter parts of the value it yielded before this Alteration But the Mischief will not end here for Foreigners will not be hereby perswaded to part with what we want of their Product for less weight of Bullion than they us'd to have before so that if we formerly could afford to consume amongst our selves above three quarter parts of the Produce of our Foreign Exports which I doubt we did and yet were good Gainers by our Trade too we shall then come to spend more than our Income which I am sure will be the way to impoverish us quickly unless we alter our Course of Living which a Nation that hath long been us'd to such Plenty is not apt to be brought to Let us see then how this will operate amongst us at home The Labourer and Manufacturer must come to take less weight of Silver for their Wages and yet must continue to pay the same weight as formerly for what Foreign Commodities they spend whereby they will be reduc'd to a necessity of faring harder and spending less in Provisions which must cause the Product and consequently the Rents of our Lands to fall in the same Proportion The Gentleman then who lives upon the Rents of his Lands must expect they will fall one fourth part in their yearly Value and yet he must give at least Twenty five per Cent more for all the Foreign Commodities he spends which to Persons of that Rank may modestly be computed to affect them Ten per Cent. more so that hereby they will be reduc'd above one third part of their Subsistance But what is yet worse there will be a stop put to the Increase of our Riches arising from Foreign Trade the only Source of National Wealth and that must reduce the Strength and Power