Selected quad for the lemma: majesty_n

Word A	Word B	Word C	Word D	Occurrence	Frequency Band	MI	MI Band	Prominent
majesty_n	lord_n	sir_n	viscount_n	4,407	5	11.8038	5	true

Text snippets containing the quad

ID	Title	Author	Corrected Date of Publication (TCP Date of Publication)	STC	Words	Pages
A31624	Papers relating to a bank of credit upon land security proposed to the Parliament of Scotland. By Dr. Hugh Chamberlen. Published by order of the committee, to which the consideration of the proposal is referred. Advertisement. The following proposal, with the objections, answers, and other papers relating thereunto, having been considered by the committee of Parliament, were ordered to be printed: to the end, that all persons, who have any other objections to make, might give in the same to the clerk of the committee, against their next meeting: Which is to be upon the 18 day of this instant July 1693.	Chamberlen, Hugh.	1693 (1693)	Wing C1877A; ESTC R215105	15,765	13

to enjoy the free and undisturbed Possession of such Estate for the whole Term he duly paying such Annualrent Upon the making over any such Estate the Trustees thereupon direct their Warrant to the Master of a proper Office therefore to be erected to Issue 100 years value of such Estate in Bills of Credit of several values the better to accommodat the uses of Trade Which Bills of Credit are to be thus divided viz. 40 Years Value to the Proprietor 30 years Value for his use but to be employed in such publick Trade or Trades as the several Proprietors shall in a Body agree upon 10 years Purchase to the Government in ease of the People in point of Taxes and may be appropriated to such uses where th● honour of the Crown and Interest of the Nation may equally meet And the residue to the use of the said Doctor Chamberlen as Master of such Office who and his Heirs to be perpetually s● in reward of this ●ervice done the Nation And the Master of the Office is out of such his part to pay all the Charge of the Office which will be very great and to answer all Contingencies of it and also generous and becoming Appointments to those Honourable Gentlemen to be made Trustees by the Parliament to see Justice ●●●e to the People and the Honour and Security of the Bank preserved inviolable The Heretors or Proprietors that raise this Fund are to be a Corporation with perpetual Succession and all necessary Powers for managing and carrying on such National Trade or Trades as they shall agree upon From 120 to 150 Pounds Sterling per annum is to be made over for the payment of every 100 Pound Per annum to be engag●● for this Fund and so in proportion and this to the end that all Credit thus to be issued may be supported by a greater Value than it self That these Bills be made current in all Payments and as they are payed yearly for Rent to the Trustees they are by them to be destroyed so that at the end of 100 years they will be all recall●● 〈◊〉 Bills of Credit thus founded upon Land and Strengthened by the Sanction of Law and made in a form incapable of Forgery will be found an excellent Instrument or Medium of Trade equal equal in all respects to Gold and Silver Money and Superior to them in diverse regards They are more sure than any Bills Bonds or Morgages or any manner of Credit now known in the World They have a real solid extrinsick and permanent Value inseparably adhering to them by Law Nor can their value be impaired or their Use taken away by any future Parliaments or by any Revolution of State where all mens properties will not also be swallowed up By this means a Considerable part of the Rents of the Nation may be applyed to Trade which otherwise could not be done Thus may all the Poor be profitably imployed All due improvements made in Husbandry and all needful Arts and Manufacturies The Shipping and strength of the Nation will be encreased by Sea and Land Publick Taxes will become easie to the Subjects and all who Contribute to this Fund will be made richer by it at their very entry into it Besides what their Share in the future Trade will produce No person is forced to be concerned in it yet all are permitted that shall desire it which renders it truly a free and Common-Good Altho' at the end of 100 years all this Credit will be called in yet the Course of Trade managed with it cannot in the mean time but produce Gold Silver and other Valuable Commodities and that to a far greater Value than the Bills themselves And the Trade founded by them will be perpetual These Bills not passing out of the Kingdom are an Advantage For all wise Laws restrain Money from going out and forraign Trade ought not to be managed with Money but with the Native Product and Manufacturies of the Kingdom The Banks of Holland and Venice are pregnant Instances of the power of Credit under wise Regulation And yet the Credit of both those Banks are far inferior to the Credit hereby proponed They take the ready Money and imploy i● for the Government and give their Bills to Negotiate in payment So that in any exigence of State if all their Creditors should at once call for their several Debts it may reasonably be doubted if either of these Banks should be able to answer their Credit So that Opinion or Reputation is their great Support But the Bank hereby proponed touches no mans ready Money makes all men concerned in it presently much Richer than before lays sure Foundation of lasting National Trades and becomes every year a stronger Security than before For as the Term of years le●sens the Security becomes more strong Upon the whole It is humbly conceived to have all the Force of Demonstration that this Kingdom Receiving and Enacting this proposal cannot fail of a Success superio● to either of those Powerful and Opulent States because of the Advantages before enumerated that this Kingdom possesses ove● them It is therefore humbly Prayed by Oliver Salusbury and Peter Chamberlen Gentlemen Agents on this behalf o● the said Doctor Chamberlen That his Grace the Lor● High Commissioner and the Right Honourable the Estate of Parliament may please to commit the Consideration 〈◊〉 this Proposal to be examined and Report being made m●● determine therein as in their great Wisdom they shall 〈◊〉 Cause THeir Majesties High Commissioner and the Estates of Parliament having considered the above written Proposal They remit it to the Earls of Linlithgow and Lothian the Viscount of Stair and Lord Polwarth Sir John Lock hart of Castle-hill Sir John Maxwel of Pollock John Swinton of that Ilk and Duncan Forbes of Colloden Sir John Hall Sir Archbald Muire Sir William Hamilton and Master James Smollet together with the Officers of State or the Major pa●t of them being a Quorum as a select Committee to consider of the said Proposal ond to prep●●● a Report thereanent to the next Session ●f this as any other ensuing Parliament and to meet at Edinburgh the 20. day of June instant for the first Dyer and to adjourn their Meetings the reafter to such times and places as they shall think convenient TWEEDDALE Cancel I.P.D. Parl. Edinburgh June 14. 1693. Arguments to Accept Dr. Chamberlains Proposal THe Proposal offers 70 years purchase that is 40 down and 30 in a joint Stock of Trade for 100 years Annualrent And this Bargain is to be had in possession before any Rent payed In the same specie that is payed for the Purchase in the very same and in no other the Annualrent is to be paid so that here is nothing given but what will be received back And if any man is compelled by Law to receive a debt or Payment in this specie another is by the same Law bound to receive it from him again and so from hand