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lord_n charles_n thomas_n viscount_n 11,881 5 11.7888 5 false
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ID Title Author Corrected Date of Publication (TCP Date of Publication) STC Words Pages
A31619 The Constitution of the Office of Land-Credit, declared in a deed by Hugh Chamberlen, Senior ... and others ... ; inrolled in chancery, Anno Dom. 1696. Chamberlen, Hugh. 1696 (1696) Wing C1871; ESTC R8410 26,929 18

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the_o constitution_n of_o the_o ffice_n of_o land-credit_n declare_v in_o a_o deed_n by_o hugh_n chamberlain_n senior_n m._n d._n and_o other_o joint_a undertaker_n and_o manager_n thereof_o enrol_v in_o chancery_n anno_fw-la dom._n 1696._o party_n 1._o to_o all_o to_o who_o these_o present_n shall_v come_v hugh_z chamberlain_n senior_n of_o essex-street_n in_o the_o parish_n of_o st._n clement-dane_n in_o the_o county_n of_o midlesex_n doctor_n in_o physic_n and_o as_o honorary_a manager_n of_o the_o undertake_n herein_o and_o hereby_o mention_v and_o intend_v viz._n the_o right_n honourable_a charles_n earl_n of_o monmouth_n arthur_n earl_n of_o torrington_n henry_n earl_n of_o romney_n charles_n earl_n of_o arran_n of_o the_o kingdom_n of_o ireland_n and_o baron_n of_o weston_n in_o england_n robert_n lord_n viscount_n lisle_n son_n and_o heir_n apparent_a to_o the_o right_n honourable_a philip_n earl_n of_o leicester_n thomas_n lord_n wentworth_n baron_n of_o raby_n almeric_n lord_n de_fw-fr courcy_n baron_n of_o kinsale_n of_o the_o kingdom_n of_o ireland_n hildebrand_n lord_n allington_n baron_n of_o killard_n of_o the_o kingdom_n of_o ireland_n the_o honourable_a peregrin_n bertie_n esquire_n vice_n chamberlain_n to_o his_o majesty_n and_o william_n bridgeman_n esquire_n secretary_n to_o the_o right_n honourable_a the_o lord_n commissioner_n of_o the_o admiralty_n and_o likewise_o as_o undertaker_n and_o fix_a and_o constant_a manager_n of_o the_o say_v herein_o and_o hereby_o mention_v and_o intend_v undertake_v viz._n the_o honourable_a charles_n egerton_n of_o lincoln_n inn_n in_o the_o say_a county_n of_o middlesex_n thomas_n aston_n of_o aston_n in_o the_o county_n palatin_n of_o chester_n john_n weston_n of_o ockham_n in_o the_o county_n of_o surry_n peter_n smith_n of_o the_o parish_n of_o st._n ann_n in_o the_o liberty_n of_o westminster_n in_o the_o say_a county_n of_o middlesex_n oliver_n salusbury_n of_o the_o middle_a temple_n london_n richard_n robinson_n of_o the_o parish_n of_o st._n giles_n in_o the_o field_n in_o the_o say_a county_n of_o middlesex_n esquire_n andrew_n prime_a senior_n of_o london_n merchant_z samuel_n white_a of_o lincoln_n inn_n aforesaid_a gent._n william_n prewett_n of_o the_o parish_n of_o st._n martin_n in_o the_o field_n in_o the_o say_a county_n of_o middlesex_n charles_n nicolas_n eyre_n of_o the_o parish_n of_o st._n james_n in_o the_o liberty_n of_o westminster_n aforesaid_a and_o peter_n chamberlain_n of_o essex-street_n aforesaid_a in_o the_o aforesaid_a parish_n and_o county_n esquire_n send_v greeting_n 2._o preamble_n whereas_o the_o use_n of_o credit_n in_o trade_n and_o deal_v have_v by_o insensible_a degree_n much_o obtain_v especial_o for_o a_o age_n last_o pass_v or_o there_o about_o throughout_o europe_n trade_n and_o most_o of_o the_o civilise_v and_o trading_n part_n of_o the_o world_n to_o the_o very_a great_a benefit_n ease_n and_o convenience_n of_o no_o small_a part_n of_o mankind_n money_n 3._o and_o whereas_o note_n or_o bill_n of_o credit_n have_v by_o experience_n be_v find_v of_o very_o great_a use_n and_o be_v well_o secure_v by_o a_o good_a fund_z be_v proper_o accept_v and_o take_v as_o ready_a money_n and_o be_v preferable_a to_o the_o usual_a money_n in_o many_o and_o equal_a to_o it_o in_o all_o respect_n may_v therefore_o just_o be_v account_v a_o superior_a species_n of_o money_n 4._o motive_n and_o whereas_o the_o say_v hugh_n chamberlain_n for_o above_o thirty_o year_n last_o pass_v have_v take_v into_o serious_a consideration_n the_o nature_n of_o bank_n and_o of_o credit_n in_o general_a and_o the_o necessary_a convenient_a and_o various_a use_n and_o kind_n thereof_o in_o divers_a kingdom_n and_o state_n as_o also_o here_o in_o england_n and_o observe_v the_o great_a utility_n of_o sound_n and_o good_a credit_n and_o the_o deplorable_a and_o many_o mischief_n frequent_o result_v from_o uncertain_a mistake_v personal_a and_o precarious_a credit_n to_o the_o utter_a ruin_n of_o multitude_n and_o sometime_o to_o the_o endanger_n the_o public_a safety_n 5._o and_o further_o consider_v that_o land_n and_o hand_n be_v the_o material_a and_o efficient_a cause_n of_o all_o true_a genuine_a and_o natural_a riches_n riches_n and_o that_o money_n as_o such_o though_o very_o good_a and_o useful_a in_o its_o first_o intendment_n however_o since_o subject_v to_o abuse_n be_v but_o imaginary_a or_o at_o most_o but_o political_a wealth_n wealth_n and_o therefore_o inferior_a to_o natural_a riches_n and_o consequent_o as_o such_o aught_o to_o attend_v the_o service_n of_o land_n and_o trade_n and_o not_o prey_n upon_o both_o the_o lord_n of_o the_o soil_n and_o the_o industrious_a merchant_n by_o that_o corrode_a and_o destructive_a canker_n usury_n 6._o and_o the_o say_v hugh_n chamberlain_n also_o further_o reflect_v that_o credit_n right_o found_v upon_o land_n must_v evident_o be_v more_o secure_a than_o any_o other_o sort_n of_o credit_n secure_a and_o that_o since_o gold_n and_o silver_n be_v not_o of_o the_o product_n of_o this_o kingdom_n product_n they_o may_v by_o foreign_a order_n by_o edict_n of_o prince_n or_o state_n by_o a_o wrong_a balance_n of_o trade_n or_o by_o other_o artifices_fw-la or_o incident_n thereof_o or_o by_o some_o other_o uncommon_a accident_n become_v scarce_o and_o rare_a in_o this_o kingdom_n which_o can_v not_o happen_v but_o to_o the_o very_a great_a damage_n of_o the_o public_a as_o be_v the_o common_a measure_n medium_fw-la pledge_v and_o account_v of_o trade_n pain_n 7._o the_o say_v hugh_n chamberlain_n upon_o these_o and_o other_o such_o reflection_n and_o with_o a_o earnest_a desire_n to_o serve_v his_o native_a country_n in_o so_o great_a and_o general_a a_o good_a apply_v himself_o with_o the_o utmost_a intenseness_n of_o mind_n to_o contrive_v a_o general_a credit_n to_o be_v so_o found_v upon_o land_n as_o to_o give_v it_o the_o great_a safety_n and_o convenience_n that_o in_o its_o own_o nature_n it_o be_v capable_a of_o and_o to_o make_v a_o credit_n that_o shall_v not_o only_o be_v a_o succedaneum_n to_o money_n but_o in_o divers_a respect_n more_o noble_a and_o useful_a and_o indeed_o a_o superior_a species_n endue_v with_o all_o the_o use_v and_o excellence_n of_o metaline_n money_n and_o in_o several_a regard_v exceed_v the_o same_o and_o particular_o herein_o that_o in_o its_o own_o nature_n it_o shall_v be_v local_a without_o the_o restraint_n of_o law_n etc._n 8._o and_o whereas_o the_o say_v hugh_n chamberlain_n at_o divers_a time_n communicate_v these_o his_o conception_n and_o design_n to_o divers_a person_n and_o in_o particular_a to_o the_o lord_n and_o gentleman_n herein_o before_o mention_v in_o order_n to_o mature_a and_o ripen_v such_o his_o thought_n and_o make_v they_o more_o effectual_a for_o the_o common_a avail_v endeavour_n 9_o and_o whereas_o the_o say_v hugh_n chamberlain_n have_v make_v several_a attempt_n and_o essay_n to_o bring_v his_o say_a thought_n and_o intention_n into_o practice_n for_o the_o common_a good_a but_o by_o reason_n of_o the_o great_a and_o many_o difficulty_n that_o general_o accompany_v all_o great_a and_o good_a design_n have_v not_o hitherto_o be_v able_a to_o effect_v the_o same_o but_o yet_o the_o long_a many_o repeat_v and_o unwearied_a attempt_n and_o endeavour_n of_o the_o say_v hugh_n chamberlain_n and_o those_o at_o sundry_a time_n conjoin_v wirh_fw-mi he_o therein_o have_v so_o far_o awaken_v this_o nation_n at_o first_o and_o long_o by_o he_o experience_v to_o be_v whole_o averse_a to_o thought_n of_o this_o sort_n that_o within_o the_o reign_n of_o his_o present_a majesty_n several_a bank_n have_v be_v set_v up_o and_o attempt_v though_o all_o of_o they_o on_o a_o far_o less_o basis_n both_o as_o to_o extent_n and_o benefit_n than_o what_o have_v be_v divers_a time_n offer_v and_o endeavour_v by_o the_o say_v hugh_n chamberlain_n and_o indeed_o all_o the_o say_a bank_n as_o can_v well_o be_v make_v out_o manifest_o owe_v themselves_o to_o the_o model_n frequent_o propose_v and_o attempt_v both_o in_o print_n and_o manuscript_n and_o public_o and_o private_o and_o free_o impart_v by_o he_o to_o all_o that_o think_v fit_a to_o inform_v themselves_o 10._o but_o for_o as_o much_o as_o man_n natural_o embrace_v the_o great_a good_a rather_o than_o the_o less_o as_o soon_o as_o they_o distinguish_v they_o aright_o and_o since_o the_o land_n credit_n propose_v and_o intend_v by_o the_o say_v hugh_n chamberlain_n and_o his_o present_a friend_n associate_n and_o joint_a undertaker_n therein_o can_v be_v demonstrable_o make_v out_o to_o be_v far_o superior_a to_o any_o other_o sort_n of_o credit_n in_o be_v or_o attempt_v in_o the_o world_n and_o since_o divers_a nobleman_n gentleman_n merchant_n and_o other_o have_v be_v so_o far_o sensible_a of_o the_o great_a and_o general_a good_a of_o the_o hereby_o intend_a credit_n of_o its_o great_a extent_n and_o advantage_n to_o trade_n of_o its_o manifest_a tendency_n