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B03462 Good advice to the creditors of the bankers in general, and particularly to those concerned with Sir Robert Vyner, who have not yet subscribed to his proposals. / By some of his creditors that have already subscribed them. 1681 (1681) Wing G1033; ESTC R177512 7,045 16

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〈…〉 TO THE CREDITORS OF THE BANKERS IN GENERAL AND Particularly to those concerned with Sir Robert Vyner who have not yet Subscribed to his late Proposals By some of his CREDITORS that have already Subscribed them LONDON Printed for S. L. ANNO 1681. Advice to Sir Robert Vyners Creditors who have not yet Subscribed his Proposals By those who have done it UPON Sir Robert Vyners publishing his proposals to us for the assigning of Eighty Pounds of every Hundred Pounds principal Debt on the Excise and of paying the remaining Twenty Pounds and all Interest due till payment thereof out of his Estate now setled on Trustees We thought it our great concern most seriously to consider all things that might reasonably induce us to a complyance with an offer that seemed so fair and these Reasons chiefly occurring to our thoughts did prevail with us to a chearful and speedy Subscription but considering also that our own Act will not be sufficient in this case to help us except the rest will do so to we thought it absolutely necessary to our selves to lay before you those Reasons that prevailed with us to the end you may also be perswaded to do the same your selves and no longer delay it to your own hurt as well as ours the time for Signing being nigh spent already 1. In the first place we considered that the delaying our Subscriptions would be a great mischief by putting further off the raising the Money for us by the Trustees who cannot Act till they see that the Creditors have subscribed the proposals and that those who have subscribed first must have the first payment or else no orderly payments for the ease of the Trustees and the Creditors can be made and that the neglect of doing it in time might frustrate the offered satisfaction which is too likely to be the fate of this thing if not presently prevented 2. We could find no reason to expect any better offer whilst Sir Robert Vyner lives the first is usually the best and if he dies before this he offers be in all things finisht we have no confidence of better dealing from others that shall succeed him and by his often illness from very sharp and acute Diseases though he be now pretty well recovered none can reasonably conclude him likely to be long lived besides many other Accidents that the wisest of men can neither foresee nor prevent 3. We considered also the more generous Acts of those great Numbers who took his Assignments on the Excise for their whole Debt and many of them for the Interest also out of a worthy consideration no doubt as many of them have affirmed of the great oppression he lay under not acquired by his own fault but by an unresistable hand and therefore most kindly and conscientiously freed him from it as much as in them lay and except they had so done it would have been impossible for Sir Robert to have made us such an Offer their Number that took Assignment being about Seven Hundred and those that remain not much Inferiour in Number Therefore let not any think that our subscribing only will conclude us and so serve their greedy Designs of gaining better Tearms for we are promist and do rely much upon it that if you do not come in and subscribe we shall be as free as you and will not suffer you to have any Advantage whatsoever but what we have a share of as is our due for our Debts are as good as yours and we are as desirous to make them as good as you can do by any violent acts and upon this proviso and promise we have subscribed and do expect that if those few that have by commencing suits at Law gained appearances will not the next Term forbear their prosecutions we shall be put into the same forwardness and obtain Judgments as soon as they and so be on even ground with them 4. We seriously considered his great losses by bad debts besides the loss of that great Trade he was in his great charges for nigh Ten Years together getting nothing to bear them paying great Sums of Money for Interest of Mony to pay Interest to his Creditors long before he could receive it where it was as due to him as from him to them also by his unseasonable disposing of all profitable actions and many other things too long to repeat which he affirms and we believe amounts unto above Fifty Thousand Pounds and those that know his Estate very well say that what will remain to him after this proposal shall be made good will be but little and lyes out in such a manner that if recovered at all must be got out of the Fire for when his business was at the height he had such 〈…〉 that their Actions will find him work enough to retrieve as long as he lives and his Executors after him whilst his own time was taken up at Whitehall the Lord Treasurers and other places from home in the manage of those great concerns and also in serving the publique Affairs of his Majestie and this City Therefore now he wishes only to have but a small part of that Estate which he acquired other wayes without a penny of that he got by banking and it ought to be considered that from the good Debts remaining as it s proposed some part of our Money must be raised and that if you do not joyn with us in subscribing they will be in as much danger to be lost as the others are already surely they will not grow better but worse every day 5. And we also considered his unwearied pains and vast Expences a Sum though he will not name nor is it indeed fit to be mentioned yet we know in part and believe the rest that it was not a little one to go through all Offices and other things necessary to attain that valid legal Security from His Majestie and passing the Bill in the House of Lords to confirm it for which he asks none of us one penny or the Abatement of one days Interest in so many years paid us at the highest Rate the Law alloweth and there is much truth in it if we say we had all of us a very great Advantage till the stop by his paying Interest for our Money which we at at any time if desired had to serve any better Occasion so that really we had full Interest for nothing our Money being as ready as though we had kept it at home in our Chests which was so great and general a benefit for many other Reasons as the not keeping or trusting our Servants c. that we now want it and also do believe when Sir Robert's Estate is better known it will not be found considerably augmented by that Trade and do confidently aver that he has paid no less then Two Hundred Thousand Pounds for Interest since the stop for Eight Years Interest amounts to more then that Sum and we believe but few have had less