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land_n worthy_a year_n young_a 29 3 5.7155 4 false
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ID Title Author Corrected Date of Publication (TCP Date of Publication) STC Words Pages
A32827 A discourse about trade wherein the reduction of interest in money to 4 l. per centum, is recommended : methods for the employment and maintenance of the poor are proposed : several weighty points relating to companies of merchants, the act of navigation, naturalization of strangers, our woollen manufactures, the ballance of trade, and the nature of plantations, and their consequences in relation to the kingdom are seriously discussed : and some arguments for erecting a court of merchants for determining controversies, relating to maritime affairs, and for a law for transferrance of bills of debts, are humbly offered. Child, Josiah, Sir, 1630-1699.; Culpeper, Thomas, Sir, 1578-1662. Small treatise against usury. 1690 (1690) Wing C3853; ESTC R8738 119,342 350

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be_v former_o that_o money_n double_v once_o in_o seven_o year_n at_o 10_o per_fw-mi cent_z according_a to_o which_o rule_n 100_o l._n in_o seventy_o year_n amount_n to_o 102400_o l._n one_o hundred_o pound_n at_o ten_o pound_n per_fw-la cent_z per_fw-la annum_fw-la at_o interest_n upon_o interest_n increase_v thus_o viz._n  _fw-fr l._n s._n d._n at_o first_o 100_o 00_o 00_o at_o 3_o month_n it_o be_v 102_o 10_o 00_o at_o 6_o month_n 105_o 1_o 03_o at_o 9_o month_n 107_o 13_o 9_o at_o 12_o month_n 110_o 07_o 7_o at_o 1_o year_n ¼_n 113_o 02_o 9_o at_o 1_o year_n ½_n 115_o 19_o 4_o at_o 1_o year_n ¾_n 118_o 17_o 4_o at_o 2_o year_n 121_o 16_o 9_o at_o 2_o year_n ¼_n 124_o 17_o 8_o at_o 2_o year_n ½_n 128_o 00_o 1_o at_o 2_o year_n ¾_n 131_o 4_o 1_o at_o 3_o year_n 134_o 9_o 9_o at_o 3_o year_n ¼_n 137_o 17_o 0_o at_o 3_o year_n ½_n 141_o 5_o 10_o at_o 3_o year_n ¾_n 144_o 16_o 6_o at_o 4_o year_n 148_o 8_o 11_o at_o 4_o year_n ¼_n 152_o 3_o 1_o at_o 4_o year_n ½_n 155_o 19_o 2_o at_o 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6_o per_fw-la cent_n which_o 10_o per_fw-la cent_n can_v not_o bear_v and_o to_o prove_v that_o land_n be_v then_o at_o twelve_o year_n purchase_v i_o have_v the_o write_a testimony_n of_o that_o incomparable_a worthy_a person_n sir_n thomas_n culpepper_n senior_n who_o page_z 11._o of_o his_o first_o treatise_n express_o affirm_v that_o land_n be_v then_o at_o twelve_o year_n purchase_v who_o be_v himself_o a_o grave_n and_o ancient_a parliament_n man_n and_o dedicate_a his_o book_n to_o the_o then_o parliament_n whereof_o he_o be_v then_o a_o member_n can_v without_o horrible_a uncharitableness_n be_v presume_v
to_o impose_v upon_o his_o country_n and_o now_o that_o our_o interest_n be_v at_o 6_o per_fw-la cent_n as_o the_o same_o worthy_a author_n do_v wise_o foresee_v i_o appeal_v to_o the_o judgement_n and_o experience_n of_o my_o country_n man_n whether_o the_o genuine_a price_n of_o our_o land_n in_o england_n now_o will_v not_o be_v 20_o year_n purchase_v be_v it_o not_o for_o accidental_a pressure_n under_o which_o it_o labour_v at_o present_a such_o as_o these_o 1._o our_o late_a great_a land_n tax_n 2._o and_o principal_o the_o late_a great_a improvement_n of_o ireland_n mention_v in_o my_o former_a treatise_n the_o consequence_n whereof_o be_v that_o that_o country_n now_o supply_v foreign_a market_n as_o well_o as_o our_o own_o plantation_n in_o america_n with_o beef_n pork_n hides_n tallow_n bread_n beer_n wool_n and_o corn_n at_o cheap_a rate_n than_o we_o can_v afford_v to_o the_o beat_v we_o out_o of_o those_o trade_n whereas_o former_o viz._n present_o after_o the_o late_a irish_a war_n many_o man_n get_v good_a estate_n by_o transport_v english_a cattle_n thither_o and_o that_o the_o improvement_n of_o ireland_n be_v the_o principal_a cause_n why_o our_o land_n in_o purchase_n rise_v not_o as_o natural_o they_o shall_v with_o the_o fall_n of_o our_o interest_n appear_v evident_o from_o the_o effect_n the_o fall_n of_o interest_n have_v have_v upon_o house_n in_o london_n where_o the_o growth_n of_o ireland_n can_v have_v no_o such_o destructive_a influence_n which_o have_v be_v so_o considerable_a that_o whosoever_o will_v please_v to_o inform_v themselves_o by_o old_a scrivener_n or_o ancient_a deed_n shall_v find_v that_o a_o house_n in_o london_n about_o fifty_o year_n past_a that_o will_v sell_v but_o for_o 300_o l._n at_o most_o will_v ready_o sell_v within_o a_o short_a time_n af●er_o interest_n be_v bring_v to_o 8_o per_fw-la cent_n at_o 5_o or_o 600_o l._n and_o the_o same_o house_n to_o be_v sell_v sometime_o after_o interest_n be_v bring_v to_o 6_o per_fw-la cent_n viz._n before_o and_o after_o the_o late_a dutch_a war_n will_v have_v yield_v without_o scruple_n 1000_o or_o 1200_o l._n the_o abatement_n of_o interest_n have_v have_v a_o double_a effect_n upon_o house_n by_o increase_a trade_n and_o consequent_o raise_v rent_n as_o well_o as_o increase_n the_o number_n of_o year_n purchase_v 3._o a_o three_o reason_n why_o land_n do_v not_o at_o present_a bear_v a_o exact_a proportion_n to_o 6_o per_fw-la cent_n which_o shall_v natural_o be_v twenty_o year_n be_v the_o late_a plague_n which_o do_v much_o depopulate_v this_o kingdom_n 4._o the_o late_a fire_n in_o london_n which_o have_v engage_v man_n in_o building_n in_o the_o city_n who_o otherwise_o will_v have_v be_v purchase_v in_o the_o country_n 5._o the_o unusual_a plenty_n of_o corn_n which_o have_v be_v for_o these_o three_o or_o four_o year_n pass_v in_o most_o part_n of_o christendom_n the_o like_a whereof_o have_v be_v seldom_o know_v it_o happen_v most_o 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never_o so_o short_a or_o long_o a_o time_n which_o make_v the_o trade_n of_o usury_n so_o easy_a and_o hitherto_o safe_a that_o few_o after_o have_v find_v the_o sweetness_n of_o this_o lazy_a way_n of_o improvement_n be_v by_o continuance_n and_o success_n grow_v to_o fancy_n themselves_o secure_a in_o it_o can_v be_v lead_v there_o be_v neither_o ease_n nor_o profit_n to_o invite_v they_o to_o lay_v out_o their_o money_n in_o land_n though_o at_o 15_o year_n purchase_v whereas_o before_o this_o way_n of_o private_a banker_a come_n up_o man_n that_o have_v money_n be_v force_v ofttimes_o to_o let_v it_o lie_v dead_a by_o they_o until_o they_o can_v meet_v with_o security_n to_o their_o mind_n and_o if_o the_o like_a necessity_n be_v now_o of_o money_n lie_v dead_a the_o loss_n of_o use_n for_o the_o dead_a time_n be_v deduct_v from_o the_o profit_n of_o 6_o l._n per_fw-la cent_z communibus_fw-la annis_fw-la will_v in_o effect_n take_v off_o 1_o l._n per_fw-la cent_z per_fw-la 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evidence_n of_o fact_n it_o have_v be_v so_o in_o england_n the_o increase_n of_o our_o trade_n have_v always_o follow_v the_o abatement_n of_o our_o interest_n by_o law_n i_o say_v not_o precede_v but_o follow_v it_o and_o the_o cause_n do_v always_o go_v before_o the_o effect_n which_o i_o think_v i_o have_v evident_o demonstrate_v in_o my_o former_a treatise_n if_o any_o doubt_n of_o this_o and_o will_v be_v at_o the_o pain_n to_o examine_v the_o custom-house_n book_n they_o may_v soon_o be_v resolve_v 2._o by_o authority_n not_o only_o of_o that_o ancient_a gentleman_n sir_n thomas_n culpepper_n in_o his_o second_o treatise_n and_o therein_o of_o the_o judgement_n of_o the_o french_a king_n and_o court_n in_o a_o edict_n there_o recite_v but_o likewise_o of_o a_o parliament_n of_o england_n king_n lord_n &_o commons_o in_o the_o act_n for_o reduce_v it_o to_o 6_o per_fw-mi cent_z in_o the_o preamble_n whereof_o be_v these_o word_n viz._n forasmuch_o as_o the_o abatement_n of_o interest_n from_o 10_o in_o the_o hundred_o in_o former_a time_n have_v be_v find_v by_o notable_a experience_n beneficial_a to_o the_o advancement_n of_o trade_n and_o improvement_n of_o land_n by_o good_a husbandry_n with_o many_o other_o considerable_a advantage_n to_o this_o nation_n especial_o the_o reduce_n of_o it_o to_o a_o near_a proportion_n with_o foreign_a state_n with_o who_o we_o traffic_n and_o whereas_o in_o fresh_a memory_n the_o like_a fall_n from_o 8_o to_o 6_o in_o the_o hundred_o by_o a_o late_a constant_a practice_n have_v find_v the_o like_a success_n to_o the_o general_a contentment_n of_o this_o nation_n as_o be_v visible_a by_o several_a improvement_n etc._n etc._n 3._o by_o necessary_a consequence_n when_o interest_n be_v abate_v they_o who_o call_v in_o their_o money_n must_v either_o buy_v land_n or_o trade_n with_o it_o if_o they_o buy_v land_n the_o many_o
in_o england_n because_o he_o can_v make_v above_o three_o per_fw-mi cent_z of_o it_o upon_o interest_n at_o home_n but_o if_o they_o shall_v call_v home_o all_o the_o money_n they_o have_v with_o we_o at_o interest_n it_o will_v be_v better_o for_o we_o than_o if_o they_o do_v it_o not_o for_o the_o borrower_n be_v always_o a_o slave_n to_o the_o lender_n and_o shall_v be_v sure_a to_o be_v always_o keep_v poor_a while_o the_o other_o be_v fat_a and_o full_a he_o that_o use_v a_o stock_n that_o be_v none_o of_o his_o own_o be_v force_v for_o the_o uphold_v his_o reputation_n to_o live_v to_o the_o full_a if_o not_o above_o the_o proportion_n of_o what_o he_o do_v so_o use_v while_o the_o lender_n possese_v much_o and_o use_v little_a or_o none_o live_v only_a at_o the_o charge_n of_o what_o he_o use_v and_o not_o of_o what_o he_o have_v beside_o if_o with_o this_o law_n for_o abatement_n of_o interest_n a_o law_n for_o transfer_v bill_n of_o debt_n shall_v pass_v we_o shall_v not_o miss_v the_o dutch_a money_n be_v it_o ten_o time_n as_o much_o as_o it_o be_v among_o we_o for_o that_o such_o a_o law_n will_v certain_o supply_v the_o the_o defect_n of_o at_o least_o one_o half_a of_o all_o the_o ready_a money_n we_o have_v in_o use_n in_o the_o nation_n object_n 2._o if_o interest_n be_v abate_v land_n must_v rise_v in_o purchase_n and_o consequent_o rent_n and_o if_o rent_n than_o the_o fruit_n of_o the_o land_n and_o so_o all_o thing_n will_v be_v dear_a and_o how_o shall_v the_o poor_a live_v etc._n etc._n answ._n to_o this_o i_o say_v if_o it_o follow_v that_o the_o fruit_n of_o our_o land_n in_o consequence_n of_o such_o a_o law_n for_o abatement_n of_o interest_n grow_v general_o dear_a it_o be_v a_o evident_a demonstration_n that_o our_o people_n grow_v rich_a for_o general_o wherever_o provision_n be_v for_o continuance_n of_o year_n dear_a in_o any_o country_n the_o people_n be_v rich_a and_o where_o they_o be_v most_o cheap_a throughout_o the_o world_n for_o the_o most_o part_n the_o people_n be_v very_o poor_a and_o for_o our_o own_o poor_a in_o england_n it_o be_v observe_v that_o they_o live_v better_o in_o the_o dear_a country_n for_o provision_n than_o in_o the_o cheap_a and_o better_a in_o a_o dear_a year_n than_o in_o a_o cheap_a especial_o in_o relation_n to_o the_o public_a good_a for_o that_o in_o a_o cheap_a year_n they_o will_v not_o work_v above_o two_o day_n in_o a_o week_n their_o humour_n be_v such_o that_o they_o will_v not_o provide_v for_o a_o hard_a time_n but_o just_a work_n so_o much_o and_o no_o more_o as_o may_v maintain_v they_o in_o that_o mean_a condition_n to_o which_o they_o have_v be_v accustom_v object_n 3._o if_o interest_n be_v abate_v usurer_n will_v call_v in_o their_o money_n so_o what_o shall_v gentleman_n do_v who_o estate_n be_v mortgage_v etc._n etc._n answ._n i_o answer_v that_o when_o they_o know_v they_o can_v make_v no_o more_o of_o their_o money_n by_o take_v out_o of_o one_o and_o put_v it_o in_o another_o hand_n they_o will_v not_o be_v so_o forward_o as_o they_o threaten_v to_o alter_v that_o security_n they_o know_v be_v good_a for_o another_o that_o may_v be_v bad_a or_o if_o they_o shall_v do_v it_o our_o law_n be_v not_o so_o severe_a but_o that_o gentleman_n may_v take_v time_n to_o dispose_v of_o part_n of_o their_o land_n which_o immediate_o after_o such_o a_o law_n will_v yield_v they_o thirty_o yea●s_n purchase_v at_o least_o and_o much_o better_a it_o be_v for_o they_o so_o to_o do_v than_o to_o abide_v long_o under_o that_o consume_a plague_n of_o usury_n which_o have_v insensible_o destroy_v very_o many_o of_o the_o best_a family_n in_o england_n as_o well_o of_o our_o nobility_n as_o gentry_n object_n 4._o as_o interest_n be_v now_o at_o six_o per_fw-la cent_n the_o king_n majesty_n upon_o any_o emergency_n can_v hardly_o be_v supply_v and_o if_o it_o shall_v be_v reduce_v to_o four_o per_fw-la cent_n how_o shall_v the_o king_n find_v a_o considerable_a sum_n of_o money_n to_o be_v lend_v he_o by_o his_o people_n answ._n i_o answer_v the_o abatement_n of_o interest_n to_o the_o people_n be_v the_o abatement_n of_o interest_n to_o the_o king_n when_o he_o have_v occasion_n to_o take_v up_o money_n for_o what_o be_v borrow_v of_o the_o city_n of_o london_n or_o other_o body_n politic_a nothing_o can_v be_v demand_v but_o the_o legal_a interest_n and_o if_o the_o king_n have_v occasion_n to_o take_v up_o money_n of_o private_a person_n be_v his_o majesty_n according_a to_o good_a right_n be_v above_o the_o common_a course_n of_o law_n the_o king_n must_v and_o always_o have_v give_v more_o than_o the_o legal_a rate_n as_o for_o instance_n the_o legal_a rate_n be_v now_o six_o per_n cent_n but_o his_o majesty_n or_o such_o as_o have_v dispose_v of_o his_o majesty_n exchequer-tally_n have_v be_v say_v to_o give_v ten_o and_o twelve_o in_o some_o case_n and_o if_o the_o legal_a rate_n be_v ten_o his_o majesty_n may_v probable_o give_v thirteen_o or_o fourteen_o so_o if_o interest_n be_v bring_v to_o four_o per_fw-la cent_n his_o majesty_n in_o such_o case_n as_o he_o now_o give_v ten_o must_v give_v six_o or_o seven_o by_o which_o his_o majesty_n will_v have_v a_o clear_a advantage_n object_n 5._o if_o interest_n be_v abate_v it_o will_v be_v a_o great_a prejudice_n to_o widow_n and_o orphan_n who_o have_v not_o knowledge_n and_o ability_n to_o improve_v their_o estate_n otherwise_o answ._n i_o answer_v that_o by_o our_o law_n now_o heir_n and_o orphan_n can_v recover_v no_o interest_n from_o their_o parent_n executor_n except_o it_o be_v leave_v full_o and_o absolute_o to_o the_o executor_n to_o dispose_v and_o put_v out_o money_n at_o the_o discretion_n of_o the_o executor_n for_o the_o profit_n and_o loss_n of_o the_o heir_n and_o orphan_n and_o if_o it_o be_v so_o leave_v to_o the_o exccutors_n discretion_n they_o may_v improve_v the_o money_n leave_v they_o in_o trade_n or_o purchase_v of_o land_n and_o lease_n as_o well_o as_o by_o interest_n or_o when_o not_o the_o damage_n such_o heir_n and_o orphan_n will_v sustain_v in_o their_o minority_n be_v but_o two_o per_fw-la cent_n be_v inconsiderable_a in_o respect_n of_o the_o great_a advantage_n will_v accrue_v to_o the_o nation_n in_o generel_n by_o such_o abatement_n of_o interest_n beside_o when_o such_o a_o law_n be_v make_v and_o in_o use_n all_o man_n will_v so_o take_v care_n in_o their_o life_n to_o provide_v for_o and_o educate_v their_o child_n and_o instruct_v their_o wife_n as_o that_o no_o prejudice_n can_v happen_v thereby_o as_o we_o see_v there_o do_v not_o in_o holland_n and_o italy_n and_o other_o place_n where_o interest_n be_v so_o low_a have_v now_o offer_v my_o thought_n in_o answer_n to_o the_o aforesaid_a objection_n it_o will_v not_o be_v amiss_o that_o we_o inquire_v who_o will_v be_v advantage_v and_o who_o will_v receive_v prejudice_n in_o case_n such_o a_o law_n be_v make_v first_o his_o majesty_n as_o have_v be_v say_v in_o answer_n to_o that_o objection_n will_n when_o he_o have_v occasion_n take_v up_o money_n on_o better_a term_n beside_o which_o he_o will_v receive_v a_o great_a augmentation_n to_o his_o revenue_n thereby_o all_o his_o land_n be_v immediate_o worth_a after_o the_o make_v such_o a_o law_n double_a to_o what_o they_o be_v before_o his_o custom_n will_v be_v much_o increase_v by_o the_o increase_n of_o trade_n which_o must_v necessary_o ensue_v upon_o the_o make_v such_o a_o law_n the_o nobility_n and_o gentry_n who_o estate_n he_o most_o in_o land_n may_v present_o upon_o all_o they_o have_v instead_o of_o fifty_o write_v one_o hundred_o the_o merchant_n and_o tradesman_n who_o bear_v the_o heat_n and_o burden_n of_o the_o day_n most_o of_o our_o trade_n be_v carry_v on_o by_o young_a man_n that_o take_v up_o money_n at_o interest_n will_v find_v their_o yoke_n sit_v light_a upon_o their_o shoulder_n and_o be_v encourage_v to_o go_v on_o with_o great_a alacrity_n in_o their_o business_n our_o mariner_n shipwright_n porter_n cloathier_n packer_n and_o all_o sort_n of_o labour_a people_n that_o depend_v on_o trade_n will_v be_v more_o constant_o and_o full_o employ_v our_o farmer_n sell_v the_o product_n of_o their_o land_n at_o better_a rate_n and_o whereas_o our_o neighbour_n the_o netherlander_n who_o in_o regard_n of_o the_o largeness_n of_o their_o stock_n and_o experience_n the_o son_n continual_o succeed_v the_o father_n in_o trade_n to_o many_o generation_n we_o may_v not_o unfit_o in_o this_o case_n term_v son_n of_o anach_n and_o man_n of_o renown_n against_o who_o we_o fight_v dwarf_n and_o pigmy_n in_o stock_n and_o experience_n be_v young_a brother_n of_o gentleman_n that_o seldom_o have_v
as_o it_o be_v call_v as_o in_o former_a day_n when_o our_o great_a expense_n be_v upon_o our_o belly_n the_o most_o destructive_a consumption_n that_o can_v happen_v to_o a_o nation_n and_o tend_v only_o to_o nourish_v idleness_n luxury_n and_o beggary_n whereas_o that_o other_o kind_n of_o expense_n which_o follow_v trade_n encourage_v labour_n art_n and_o invention_n to_o which_o give_v i_o leave_v to_o add_v that_o the_o abatement_n of_o interest_n conjoynt_v with_o excise_n upon_o our_o home_n consumption_n if_o the_o late_a can_v be_v hit_v upon_o without_o disturbance_n to_o trade_n or_o danger_n of_o continuation_n be_v two_o of_o the_o most_o comprehensive_a and_o effectual_a sumptuary_n law_n that_o ever_o be_v establish_v in_o any_o nation_n and_o most_o necessitating_a and_o engage_v any_o people_n to_o thriftiness_n the_o high_a road_n to_o riches_n as_o well_o for_o nation_n as_o private_a family_n the_o frugal_a italian_n of_o old_a and_o the_o provident_a dutch_a of_o latter_a time_n i_o think_v have_v give_v the_o world_n a_o sufficient_a proof_n of_o this_o theorim_n and_o if_o any_o shall_v tell_v i_o it_o be_v the_o nature_n of_o those_o people_n to_o be_v thrifty_a i_o answer_v all_o man_n by_o nature_n be_v alike_o it_o be_v only_a law_n custom_n and_o education_n that_o differ_v man_n their_o nature_n and_o disposition_n and_o the_o disposition_n of_o all_o people_n in_o the_o world_n proceed_v from_o their_o law_n the_o french_a peasantry_n be_v a_o slavish_a cowardly_a people_n because_o the_o law_n of_o their_o country_n have_v make_v they_o slave_n the_o french_a gentry_n a_o noble_a valiant_a people_n because_o free_a by_o law_n birth_n and_o education_n in_o england_n we_o be_v all_o free_a subject_n by_o our_o law_n and_o therefore_o our_o people_n prove_v general_o courageous_a the_o dutch_a and_o italian_n be_v both_o frugal_a nation_n though_o their_o climate_n and_o government_n differ_v as_o much_o as_o any_o because_o the_o law_n of_o both_o nation_n incline_v they_o to_o thriftiness_n other_o nation_n i_o can_v name_v be_v general_o vain_a &_o prodigal_a not_o by_o nature_n nor_o for_o want_v of_o a_o good_a country_n but_o because_o their_o law_n etc._n etc._n dispose_v they_o so_o to_o be_v the_o six_o proof_n of_o the_o proposition_n be_v that_o it_o employ_v the_o poor_a which_o be_v a_o ne-necessary_a consequence_n likewise_o of_o the_o increase_n of_o trade_n in_o city_n and_o improvement_n of_o land_n in_o the_o country_n which_o be_v well_o and_o true_o demonstrate_v from_o experience_n by_o the_o elder_a and_o young_a sir_n thomas_n culpepper_n to_o who_o to_o avoid_v prolixity_n i_o must_v refer_v the_o reader_n seven_o it_o increase_v the_o people_n of_o a_o nation_n this_o also_o necessary_o follow_v the_o increase_n of_o trade_n and_o improvement_n of_o land_n not_o that_o it_o cause_v marry_v man_n to_o get_v more_o child_n but_o 1_o st_o a_o trade_a country_n afford_v comfortable_a subsistance_n to_o more_o family_n than_o a_o country_n destitute_a of_o trade_n be_v the_o reason_n that_o many_o do_v marry_v who_o otherwise_o must_v be_v force_v to_o live_v single_a which_o may_v be_v one_o reason_n why_o few_o people_n of_o either_o sex_n be_v to_o be_v see_v unmarried_a in_o holland_n at_o 25_o year_n of_o age_n then_o may_v be_v find_v in_o england_n at_o 40_o year_n old_a 2_o dly_z where_o there_o be_v much_o employment_n and_o good_a pay_n if_o we_o want_v hand_n of_o our_o own_o we_o shall_v draw_v they_o from_o other_o as_o have_v be_v say_v 3_o dly_z we_o shall_v keep_v our_o own_o people_n at_o home_n which_o otherwise_o for_o want_n of_o employment_n will_v be_v force_v to_o leave_v we_o and_o serve_v other_o nation_n as_o too_o many_o of_o our_o seaman_n shipwrights_a and_o other_o have_v do_v 4_o thly_a our_o land_n and_o trade_n be_v improve_v will_v render_v we_o capable_a not_o only_o of_o employ_v but_o feed_v a_o far_o great_a number_n of_o people_n as_o be_v manifest_a in_o that_o instance_n of_o the_o land_n of_o palestine_n and_o if_o these_o will_v be_v the_o effect_n of_o abate_v interest_n than_o i_o think_v it_o be_v out_o of_o doubt_n that_o the_o abatement_n of_o interest_n be_v the_o cause_n of_o the_o increase_n of_o the_o riches_n of_o any_o kingdom_n for_o quicquid_fw-la efficit_fw-la tale_n est_fw-la magis_fw-la tale_n now_o to_o answer_v his_o four_o recite_v reason_n viz._n first_o he_o say_v if_o a_o low_a state_v interest_n by_o law_n be_v the_o cause_n of_o riches_n no_o country_n will_v be_v poor_a all_o desire_a riches_n rather_o than_o poverty_n and_o all_o have_v it_o in_o their_o power_n to_o state_n their_o interest_n as_o low_a as_o they_o please_v by_o law_n i_o answer_v first_o whatever_o nation_n do_v it_o gradual_o for_o so_o it_o must_v be_v do_v as_o it_o have_v be_v hitherto_o in_o england_n 2_o per_fw-la cent_z being_n enough_o to_o abate_v at_o one_o time_n will_v find_v those_o effect_n i_o have_v mention_v but_o it_o be_v a_o work_n of_o age_n and_o can_v be_v do_v at_o once_o for_o nec_fw-la natura_fw-la aut_fw-la lex_fw-la operantur_fw-la per_fw-la saltum_fw-la second_o it_o be_v great_a imprudence_n to_o imagine_v that_o any_o country_n understand_v their_o true_a interest_n so_o well_o as_o by_o degree_n to_o abate_v use-money_n will_v not_o likewise_o by_o the_o same_o wisdom_n be_v lead_v to_o the_o institute_n of_o many_o other_o good_a law_n for_o the_o encouragement_n of_o trade_n as_o our_o parliament_n have_v still_o proceed_v to_o do_v as_o interest_n have_v be_v abate_v his_o second_o reason_n be_v that_o if_o the_o lowness_n of_o interest_n be_v not_o the_o effect_n of_o riches_n in_o holland_n they_o may_v take_v as_o much_o vse-money_n as_o they_o can_v get_v there_o be_v no_o law_n against_o it_o i_o answer_v there_o be_v former_o law_n in_o holland_n that_o reduce_v interest_n to_o 8_o and_o 6_o and_o afterward_o to_o 5_o per_fw-mi cent_z anno_fw-la 1640._o and_o since_o in_o the_o year_n 1655._o to_o 4_o per_fw-mi cent_z the_o placart_n for_o which_o i_o have_v see_v and_o have_v be_v tell_v and_o do_v believe_v they_o have_v since_o reduce_v it_o by_o placart_n to_o 3_o per_fw-la cent_z as_o to_o their_o cantor_n and_o all_o public_a receipt_n which_o in_o holland_n be_v as_o much_o in_o effect_n as_o if_o they_o have_v make_v a_o general_a law_n for_o it_o because_o the_o most_o of_o their_o receipt_n and_o payment_n be_v make_v in_o and_o out_o of_o the_o aforesaid_a public_a office_n or_o else_o into_o and_o out_o of_o their_o bank_n for_o which_o no_o use-money_n be_v allow_v which_o several_a gradual_a and_o successful_a abatement_n of_o interest_n do_v occasion_v their_o riches_n at_o first_o and_o bring_v their_o people_n to_o that_o consistency_n of_o wealth_n that_o they_o have_v since_o wrought_v themselves_o into_o such_o a_o abundance_n that_o there_o be_v more_o lender_n now_o than_a borrower_n and_o so_o i_o doubt_v not_o but_o it_o will_v be_v with_o we_o in_o a_o few_o year_n after_o the_o next_o abatement_n of_o interest_n be_v make_v by_o law_n which_o i_o have_v good_a reason_n to_o conclude_v not_o only_o from_o the_o visible_a operation_n of_o nature_n in_o all_o other_o thing_n and_o place_n but_o from_o fact_n and_o experience_n in_o this_o very_a case_n be_v certain_a that_o the_o goldsmith_n in_o london_n can_v have_v what_o money_n they_o will_v upon_o their_o servant_n note_n only_o at_o 4_o l._n and_o 4_o l._n 10_o s._n per_fw-la cent_z before_o the_o late_a emergency_n of_o state_n which_o i_o can_v demonstrate_v have_v very_o much_o obstruct_v the_o natural_a fall_n of_o interest_n with_o we_o something_o more_o i_o have_v say_v in_o answer_n to_o this_o in_o the_o addition_n to_o my_o former_a treatise_n and_o this_o may_v serve_v likewise_o for_o a_o answer_n to_o his_o three_o reason_n four_o he_o say_v that_o which_o i_o must_v prove_v to_o make_v good_a my_o assertion_n be_v that_o any_o country_n in_o the_o world_n from_o a_o poor_a and_o low_a condition_n while_o interest_n be_v at_o 6_o per_fw-mi cent_z be_v make_v rich_a by_o bring_v it_o to_o 4_o per_fw-mi cent_z or_o 3_o per_fw-la cent_z by_o a_o law_n i_o answer_v if_o the_o instance_n of_o holland_n and_o italy_n be_v not_o sufficient_a to_o satisfy_v he_o in_o this_o point_n yet_o that_o have_v prove_v which_o he_o can_v deny_v that_o our_o own_o kingdom_n have_v be_v enrich_v consequent_o constant_o and_o proportionable_o to_o and_o after_o our_o several_a abatement_n of_o interest_n by_o law_n from_o a_o unlimited_a rate_n to_o 10_o from_z 10_o to_z ●_o and_z from_z 8_o to_z 6_o per_fw-mi cent_z i_o think_v it_o may_v rational_o be_v conclude_v that_o another_o abatement_n of_o interest_n in_o england_n will_v cause_v a_o further_a increase_n of_o
purchase_v land_n at_o twenty_o year_n purchase_v or_o upward_o no_o doubt_n for_o the_o present_a there_o will_v be_v great_a buy_n and_o sell_v of_o land_n till_o man_n have_v clear_v themselves_o and_o pay_v their_o debt_n but_o in_o short_a time_n land_n as_o it_o be_v show_v before_o will_v sell_v at_o so_o dear_a a_o rate_n as_o money_n let_v at_o a_o low_a rate_n of_o use_n will_v bring_v in_o proportion_n as_o great_a a_o rate_n above_o the_o rent_n that_o will_v be_v make_v then_o by_o the_o purchase_n of_o land_n as_o the_o rate_n of_o money_n now_o be_v above_o the_o rent_n of_o land_n purchase_v at_o fourteen_o or_o fifteen_o year_n purchase_v and_o so_o by_o consequence_n money_n will_v then_o as_o easy_o be_v borrow_v as_o it_o be_v now_o and_o so_o much_o easy_a as_o it_o will_v be_v more_o plentiful_a and_o few_o borrower_n to_o the_o last_o and_o weak_a of_o objection_n that_o there_o be_v now_o much_o money_n of_o foreigner_n in_o the_o land_n to_o be_v manage_v at_o ten_o in_o the_o hundred_o which_o if_o money_n shall_v be_v call_v down_o will_v be_v carry_v out_o of_o the_o land_n there_o be_v no_o doubt_n it_o be_v true_a but_o i_o desire_v to_o know_v whether_o any_o man_n think_v it_o better_o for_o the_o state_n that_o they_o shall_v now_o carry_v out_o one_o hundred_o pound_n or_o seven_o year_n hence_o two_o or_o fourteen_o year_n hence_o four_o or_o one_o and_o twenty_o year_n hence_o eight_o for_o so_o in_o effect_n upon_o the_o multiply_a of_o interest_n they_o do_v it_o will_v seem_v incredible_a to_o such_o as_o have_v not_o consider_v it_o but_o to_o any_o that_o will_v but_o cast_v it_o up_o it_o be_v plain_o manifest_a that_o a_o hundred_o pound_n manage_v at_o ten_o in_o the_o hundred_o in_o seventy_o year_n multiply_v itself_o to_o a_o hundred_o thousand_o pound_n so_o if_o there_o shall_v be_v a_o hundred_o thousand_o pound_n of_o foreigner_n money_n now_o manage_v here_o at_o ten_o in_o the_o hundred_o and_o that_o do_v seem_v no_o great_a matter_n that_o a_o hundred_o thousand_o pound_n in_o threescore_o and_o ten_o year_n which_o be_v but_o the_o age_n of_o a_o man_n will_v carry_v out_o ten_o million_o which_o i_o believe_v be_v more_o than_o all_o the_o coin_n at_o this_o present_a in_o the_o land_n i_o know_v we_o can_v conceive_v how_o any_o such_o sum_n shall_v be_v manage_v at_o interest_n yet_o this_o be_v sufficient_a to_o make_v we_o little_a to_o joy_n in_o foreigner_n money_n beside_o we_o must_v not_o conceive_v that_o the_o money_n of_o foreigner_n which_o be_v here_o manage_v at_o usury_n be_v bring_v into_o the_o land_n in_o ready_a coin_n or_o bullion_n the_o course_n be_v that_o merchant_n send_v over_o bill_n of_o exchange_n to_o their_o factor_n for_o which_o they_o receive_v our_o money_n here_o and_o this_o be_v the_o money_n they_o manage_v at_o interest_n and_o so_o they_o eat_v we_o out_o with_o our_o own_o money_n the_o old_a comparison_n which_o compare_v usury_n to_o the_o butler_n box_n deserve_v to_o be_v remember_v whilst_o man_n be_v at_o play_n they_o feel_v not_o what_o they_o give_v to_o the_o box_n but_o at_o the_o end_n of_o christmas_n it_o make_v all_o or_o near_o all_o gamester_n loser_n and_o i_o fear_v the_o comparison_n hold_v thus_o much_o far_o that_o there_o be_v as_o few_o escape_n that_o continue_v in_o usury_n as_o that_o continue_v gamester_n a_o man_n may_v play_v once_o or_o twice_o and_o leave_v a_o winner_n but_o the_o use_n of_o it_o be_v seldom_o without_o ruin_n now_o because_o i_o know_v man_n private_a interest_n do_v many_o time_n blind_v their_o judgement_n and_o lest_o any_o may_v be_v tempt_v for_o their_o own_o against_o the_o public_a good_a i_o will_v desire_v they_o to_o remember_v that_o if_o they_o have_v land_n as_o well_o as_o money_n that_o what_o they_o lose_v in_o their_o money_n they_o shall_v get_v it_o in_o their_o land_n for_o land_n and_o money_n be_v ever_o in_o balance_n one_o against_o the_o other_o and_o where_o money_n be_v dear_a land_n be_v cheap_a and_o where_o money_n be_v cheap_a land_n be_v dear_a and_o if_o there_o be_v any_o yet_o so_o hearty_a a_o wellwisher_a to_o ten_o in_o the_o hundred_o as_o that_o he_o still_o think_v it_o fit_a to_o be_v continue_v my_o wish_n be_v that_o he_o and_o his_o posterity_n may_v have_v the_o privilege_n to_o borrow_v but_o not_o to_o lend_v at_o that_o rate_n in_o the_o baginning_n of_o this_o treatise_n i_o do_v disclaim_v the_o proof_n of_o the_o unlawfulness_n of_o usury_n leave_v they_o to_o divine_n this_o one_o only_a rise_v from_o the_o premise_n which_o may_v serve_v for_o all_o i_o think_v fit_a to_o set_v down_o it_o be_v agree_v by_o all_o the_o divine_n that_o ever_o be_v without_o exception_n of_o any_o yea_o and_o by_o the_o usurer_n themselves_o that_o bite_a usury_n be_v unlawful_a now_o since_o it_o have_v be_v prove_v that_o ten_o in_o the_o hundred_o do_v bite_v the_o land_a man_n do_v bite_v the_o poor_a do_v bite_v trade_n do_v bite_v the_o king_n in_o his_o custom_n do_v bite_v the_o fruit_n of_o the_o land_n and_o most_o of_o all_o the_o land_n itself_o do_v bite_v all_o work_n of_o piety_n of_o virtue_n and_o glory_n to_o the_o state_n no_o man_n can_v deny_v but_o ten_o in_o the_o hundred_o be_v absolute_o unlawful_a howsoever_o happy_o a_o lesser_a rate_n may_v be_v otherwise_o to_o the_o king_n increase_v of_o his_o custom_n to_o the_o kingdom_n increase_n of_o land_n by_o enrich_v of_o this_o to_o the_o nobility_n and_o gentry_n deliverance_n from_o bondage_n and_o debt_n to_o merchant_n continuance_n and_o flourish_a in_o their_o trade_n to_o young_a beginner_n in_o trade_n and_o commerce_n the_o fruit_n of_o their_o own_o labour_n to_o labourer_n quick_a employment_n to_o usurer_n land_n for_o the_o money_n postscript_n since_o the_o foregoing_a paper_n be_v deliver_v to_o the_o press_n mr_n henry_n daker_n merchant_n send_v i_o a_o most_o rational_a and_o admirable_a treatise_n concern_v trade_n call_v england_n interest_n and_o improvement_n write_v by_o samuel_n fortrey_n esq_n one_o of_o the_o gentleman_n of_o the_o majesty_n privy_a chamber_n in_o which_o he_o mention_n something_o concern_v the_o interest_n of_o money_n in_o the_o follow_a word_n pag._n 42._o viz._n in_o the_o last_o place_n concern_v the_o use_n of_o money_n which_o be_v the_o life_n and_o sinew_n of_o trade_n it_o have_v be_v the_o opinion_n of_o some_o that_o the_o great_a use_n be_v allow_v for_o money_n the_o more_o will_v be_v the_o profit_n of_o the_o public_a for_o that_o stranger_n find_v a_o great_a benefit_n to_o be_v make_v of_o their_o money_n here_o than_o other_o where_o will_v send_v it_o hither_o whereby_o money_n will_v be_v much_o more_o plentiful_a among_o we_o indeed_o i_o shall_v be_v of_o their_o opinion_n if_o as_o soon_o as_o by_o this_o mean_v great_a sum_n of_o money_n be_v transport_v hither_o all_o their_o money_n shall_v be_v confiscate_v to_o the_o public_a but_o if_o otherwise_o sure_o it_o can_v be_v deny_v but_o the_o great_a the_o use_n the_o more_o the_o profit_n to_o the_o usurer_n and_o loss_n to_o the_o debtor_n so_o as_o in_o a_o few_o year_n we_o shall_v find_v ourselves_o so_o little_o enrich_v thereby_o that_o when_o the_o principal_a shall_v be_v again_o recall_v we_o shall_v find_v but_o little_a money_n leave_v all_o our_o own_o be_v waste_v in_o use_n wherefore_o indeed_o the_o true_a benefit_n to_o the_o public_a be_v to_o set_v the_o use_n of_o money_n as_o low_a or_o rather_o low_a than_o in_o our_o neighbour_n country_n it_o be_v for_o than_o they_o will_v make_v no_o profit_n out_o ●f_v we_o by_o that_o mean_n but_o rather_o we_o on_o they_o and_o it_o be_v the_o clear_a profit_n that_o we_o get_v of_o our_o own_o that_o will_v make_v this_o nation_n ric●_n and_o not_o the_o great_a sum_n we_o be_v indebt_v to_o other_o which_o i_o have_v here_o insert_v for_o such_o like_a reason_n first_o that_o the_o world_n may_v see_v i_o be_o not_o singular_a in_o this_o opinion_n although_o i_o think_v i_o have_v be_v so_o when_o first_o i_o write_v the_o aforesaid_a observation_n second●y_o for_o confirmation_n of_o the_o truth_n by_o the_o authority_n of_o a_o person_n of_o such_o know_a ability_n three_o to_o give_v the_o author_n his_o due_a honour_n of_o be_v the_o first_o observer_n etc._n etc._n and_o i_o be_o sorry_a i_o know_v not_o the_o ingenious_a author_n of_o the_o former_a tract_n that_o i_o may_v do_v right_a to_o his_o memory_n who_o have_v do_v more_o for_o his_o country_n than_o will_v have_v be_v the_o gift_n of_o some_o million_o of_o pound_n sterling_n into_o the_o public_a exchequer_n finis_fw-la errata_fw-la discourse_n concern_v trade_n etc._n etc._n in_o page_n 15_o line_n 15_o read_v experience_n p_o 25_o l_o 21_o r_o a_o memorable_a p_o 31_o l_o 6_o r_o administrari_fw-la trade_n and_o interest_n of_o money_n etc._n etc._n page_n 11_o line_n 27_o for_o a_o due_a r_o due_a p_o 48_o l_o 17_o f_o this_o r_o his_o p_o 54_o l_o 3_o r_o conclude_v l_o 20_o r_o discharge_v p._n 57_o l_o 26_o r_o decrease_v p_o 59_o l_o 7_o f_z prophence_o r_o propense_a p_o 65_o l_o 26_o f_z care_v r_o cure_n p_o 83_o l_o 16_o r_o company_n p_o 97_o l_o 21_o r_o 50_o or_o 25_o l._n per_fw-la cent_n p_o 99_o l_o 7_o r_o estimate_n l_o 18_o f_o not_o one_o r_o very_o few_o if_o any_o l_o 29_o f_o our_o r_o any_o p_o 111_o l_o 27_o f_z or_o r_o of_o p_o 113_o l_o 19_o r_o maritine_a l_o 22_o f_o be_v r_o and._n p_o 117_o l_o 13_o deal_n so_o l_o 16_o r_o record_n p_o 100l_n l_o 15_o f_z being_z r_o be_v l_o 25_o f_o many_o r_o main_a p_o 121_o l_o 26_o f_o many_o r_o main_a p_o 131_o l_o 19_o r_o number_n p_o 134_o l_o 7_o r_o maker_n p_o 135_o l_o 2_o r_o be_v general_o l_o 7_o f_z infinite_a r_o infinity_n p_o 136_o l_o 26_o r_o and_o be_v p_o 138_o l_o 26_o r_o bankrupt_n p_o 145_o l_o 9_o r_o furnish_v p_o 147_o l_o 1_o f_o be_v r_o if_o p_o 148_o l_o 4_o r_o accident_n and._n p_o 152_o r_o diminution_n l_o 20_o r_o that_o it_o be_v p_o 158_o l_o 27_o f_o onum_fw-la r_o unum_fw-la p_o 163_o l_o 27_o r_o plausible_a p_o 172_o l_o 3_o r_o involuntary_o send_v thither_o l_o 27_o r_o have_v be_v p_o 182_o l_o 8_o r_o distribution_n p_o 187_o l_o 8_o r_o as_o sectary_n p_o 194_o l_o 17_o r_o per_fw-la cent_n l_o 18_o r_o per_fw-la cent_n p_o 195_o l_o 27_o r_o newfoundland_n p_o 199_o l_o 12_o f_o bengal_n r_o bandel_n p_o 231_o l_o 9_o r_o his_o majesty_n