exchange_n for_o a_o farmer_n that_o carry_v a_o bushel_n â—_o wheat_n to_o market_n and_o a_o labourer_n thâ—â—_n carry_v half_o a_o crown_n shall_v find_v that_o the_o money_n of_o one_o as_o well_o as_o corn_n of_o the_o other_o shall_v at_o some_o time_n purchase_v he_o more_o or_o less_o leather_n or_o salt_n according_a as_o they_o be_v in_o great_a plenty_n and_o scarcity_n one_o to_o another_o so_o that_o in_o exchange_n of_o coin_a silver_n for_o any_o other_o commodity_n which_o be_v buy_v and_o sell_v the_o same_o measure_n govern_v the_o proportion_n you_o receive_v as_o if_o you_o exchange_v lead_v or_o wheat_n or_o any_o other_o commodity_n which_o be_v nothing_o else_o but_o their_o quantity_n in_o proportion_n to_o their_o vent_n if_o then_o change_v of_o use_n make_v not_o your_o silver_n more_o in_o spâ—ciâ—_fw-la or_o your_o wheat_n or_o other_o commodity_n less_o it_o will_v not_o have_v any_o influence_n at_o all_o to_o make_v it_o exchange_v for_o less_o of_o wheat_n or_o any_o other_o commodity_n than_o it_o will_v have_v on_o lead_n to_o make_v it_o exchange_v for_o less_o wheat_n or_o any_o other_o commodity_n money_n therefore_o in_o buy_v and_o sell_v being_n perfect_o in_o the_o same_o condition_n with_o other_o commodity_n and_o subject_a to_o all_o the_o same_o law_n of_o value_n let_v we_o next_o see_v how_o it_o come_v to_o be_v of_o the_o same_o nature_n with_o land_n by_o yield_v a_o certain_a yearly_a income_n which_o we_o call_v use_v or_o interest_n for_o land_n produce_v natural_o something_a new_a and_o profitable_a and_o of_o value_n to_o mankind_n but_o money_n be_v a_o barren_a thing_n and_o produce_v nothing_o but_o by_o compact_n transfer_v that_o profit_n that_o be_v the_o reward_n of_o one_o man_n labour_n into_o another_o man_n pocket_n that_o which_o occasion_n this_o be_v the_o unequal_a distribution_n of_o money_n which_o inequality_n have_v the_o same_o effect_n too_o upon_o land_n that_o it_o have_v upon_o money_n for_o my_o have_v more_o money_n in_o my_o hand_n than_o i_o can_v or_o be_o dispose_v to_o use_v in_o buy_v and_o sell_v make_v i_o able_a to_o lend_v and_o another_o want_n of_o so_o much_o money_n as_o he_o can_v employ_v in_o trade_n make_v he_o willing_a to_o borrow_v but_o why_o then_o and_o for_o what_o consideration_n do_v he_o pay_v use_v for_o the_o same_o reason_n and_o upon_o as_o good_a consideration_n as_o the_o tenant_n pay_v rend_v for_o your_o land_n for_o as_o the_o unequal_a distribution_n of_o land_n you_o have_v more_o than_o you_o can_v or_o will_v manure_v and_o another_o less_o bring_v you_o a_o tenant_n for_o your_o land_n and_o the_o same_o unequal_a distribution_n of_o money_n i_o have_v more_o than_o i_o can_v or_o will_v employ_v and_o another_o less_o bring_v i_o a_o tenant_n for_o my_o money_n so_o my_o money_n be_v apt_a in_o trade_n by_o the_o industry_n of_o the_o borrower_n to_o produce_v more_o than_o 6_o per_fw-la cent._n to_o the_o borrower_n as_o well_o aâ—_n your_o land_n by_o the_o labour_n of_o the_o tenant_n be_v apt_a to_o produce_v more_o fruit_n than_o his_o rent_n come_v to_o and_o therefore_o deserve_v to_o be_v pay_v for_o as_o well_o as_o land_n by_o a_o yearly_a rent_n for_o though_o the_o usurer_n money_n will_v bring_v in_o no_o yearly_a profit_n if_o he_o do_v not_o lend_v it_o suppose_v he_o employ_v it_o not_o himself_n and_o so_o his_o six_o per_fw-la cent._n may_v seem_v to_o be_v the_o fruit_n of_o another_o man_n labour_n yet_o he_o share_v not_o near_o so_o much_o of_o the_o profit_n of_o another_o man_n labour_n as_o he_o that_o let_v land_n to_o a_o tenant_n for_o without_o the_o tenant_n industry_n suppose_v as_o before_o the_o owner_n will_v not_o manage_v it_o himself_o his_o land_n will_v yield_v he_o little_a or_o no_o profit_n so_o that_o the_o rent_n he_o receive_v be_v a_o great_a portion_n of_o the_o fruit_n of_o his_o tenant_n labour_v than_o the_o use_n be_v at_o 6_o per_fw-mi cent_z for_o general_o he_o that_o borrow_v 1000_o l._n at_o six_o per_fw-la cent._n and_o so_o pay_v 60_o l._n per_fw-la aâ—num_fw-la use_v get_v more_o above_o his_o use_n in_o one_o year_n by_o his_o industry_n than_o he_o that_o rent_n a_o farm_n of_o 60_o l._n per_fw-la annum_fw-la get_v in_o two_o above_o his_o rent_n though_o his_o labour_n be_v hard_a it_o be_v evident_a therefore_o that_o he_o that_o have_v skill_n in_o traffic_n but_o have_v not_o money_n enough_o to_o exercise_v it_o have_v not_o only_a reason_n to_o borrow_v money_n to_o drive_v his_o trade_n and_o get_v a_o livelihood_n but_o as_o much_o reason_n to_o pay_v use_n for_o that_o money_n as_o he_o that_o not_o have_v land_n of_o his_o own_o yet_o have_v skill_n in_o husbandry_n have_v not_o only_a reason_n to_o rend_a land_n but_o to_o pay_v money_n for_o the_o use_v of_o it_o it_o follow_v that_o borrow_v money_n upon_o use_n be_v not_o only_o by_o the_o necessity_n of_o affair_n and_o the_o constitution_n of_o humane_a society_n unavoidable_a to_o some_o man_n but_o that_o also_o to_o receive_v profit_n for_o the_o loan_n of_o money_n be_v as_o equitable_a and_o lawful_a as_o receive_v rend_v for_o land_n and_o more_o tolerable_a to_o the_o borrower_n notwithstanding_o the_o opinion_n of_o some_o over-scrupulous_a men._n this_o be_v so_o one_o will_v expect_v that_o the_o rate_n of_o interest_n shall_v be_v the_o measure_n of_o the_o value_n of_o land_n in_o number_n of_o year_n purchase_v for_o which_o the_o fee_n be_v sell_v for_o 100_o l._n per_fw-la annum_fw-la be_v equal_a to_o 100_o l._n per_fw-la annum_fw-la and_o so_o to_o perpetuity_n and_o 100_o l._n per_fw-la annum_fw-la be_v the_o productâ—_n of_o 1000_o l._n when_o interest_n be_v at_o 10_o per_fw-la cent._n of_o 1250_o l._n when_o interest_n be_v at_o 8_o per_fw-la cent._n of_o 1666_o l._n or_o thereabouts_o when_o interest_n be_v at_o 6_o per_fw-la cent._n of_o 2000_o l._n when_o money_n be_v at_o 5_o per_fw-la cent._n of_o 2500_o l._n when_o money_n be_v at_o 4_o per_fw-la cent._n one_o will_v conclude_v i_o say_v that_o land_n shall_v sell_v in_o proportion_n to_o use_v according_a to_o these_o follow_a rate_n viz._n when_o money_n be_v at_o 10_o per_fw-la cent._n for_o 10_o year_n purchase_n when_o money_n be_v at_o 8_o per_fw-la cent._n for_o 12_o 1_o â—_o year_n purchase_v when_o money_n be_v at_o 6_o per_fw-la cent._n for_o 16_o â—_o â—_o year_n purchase_v when_o money_n be_v at_o 5_o per_fw-la cent._n for_o 20_o year_n purchase_n when_o money_n be_v at_o 4_o per_fw-la cent._n for_o 25_o year_n purchase_n but_o experience_n tell_v we_o that_o neither_o in_o queen_n elizabeth_n nor_o king_n james_n the_o first_o reign_v when_o interest_n be_v at_o ten_o per_fw-la cent._n be_v land_n sell_v for_o ten_o or_o when_o it_o be_v at_o eighth_n per_fw-mi cent_z for_o 12_o ½_o year_n purchase_v or_o any_o thing_n near_o the_o low_a rate_n that_o high_o use_v require_v if_o it_o be_v true_a that_o the_o rate_n of_o interest_n govern_v the_o price_n of_o land_n any_o more_o than_o land_n now_o yield_v 25_o year_n purchase_n because_o a_o great_a part_n of_o the_o moneyed_a man_n will_v now_o let_v their_o money_n upon_o good_a security_n at_o four_o per_fw-la cent._n thus_o we_o see_v in_o fact_n how_o little_a this_o rule_n have_v hold_v at_o home_n and_o he_o that_o will_v look_v into_o holland_n will_v find_v that_o the_o purchase_n of_o land_n be_v not_o raise_v there_o when_o their_o interest_n fall_v this_o be_v certain_a and_o past_a doubt_n that_o the_o legal_a interest_n can_v never_o regulate_v the_o price_n of_o land_n since_o it_o be_v plain_a that_o the_o price_n of_o land_n have_v never_o change_v with_o it_o in_o the_o several_a change_n have_v be_v make_v in_o the_o rate_n of_o interest_n by_o law_n nor_o now_o that_o the_o rate_n of_o interest_n be_v by_o law_n the_o same_o through_o all_o england_n be_v the_o price_n of_o land_n every_o where_o the_o same_o it_o be_v in_o some_o part_n constant_o sell_v for_o 4_o or_o 5_o year_n purchase_v more_o than_o in_o other_o whether_o you_o or_o i_o can_v tell_v the_o reason_n of_o this_o it_o matter_n not_o to_o the_o question_n in_o hand_n but_o it_o be_v real_o so_o this_o be_v plain_a demonstration_n against_o those_o who_o pretend_v to_o advance_v and_o regulate_v the_o price_n of_o land_n by_o a_o law_n concern_v the_o interest_n of_o money_n but_o yet_o i_o will_v give_v you_o some_o of_o my_o guess_n why_o the_o price_n of_o land_n be_v not_o regulate_v as_o at_o first_o sight_n it_o seem_v it_o shall_v be_v by_o the_o interest_n of_o money_n why_o it_o be_v not_o regulate_v by_o the_o legal_a use_n be_v manifest_a because_o the_o rate_n of_o
usual_o dear_a those_o year_n they_o be_v worst_a but_o if_o it_o happen_v to_o be_v a_o species_n of_o commodity_n who_o defect_n may_v be_v supply_v by_o some_o other_o the_o make_n of_o it_o worse_o do_v lessen_v its_o price_n because_o it_o hinder_v its_o vent_n for_o if_o rye_n shall_v any_o year_n prove_v general_o smutty_a or_o grow_v no_o question_n it_o will_v yield_v less_o money_n than_o otherwise_o because_o the_o deficiency_n of_o that_o may_v be_v in_o some_o measure_n make_v up_o by_o wheat_n and_o other_o grain_n but_o if_o it_o be_v a_o sort_n of_o commodity_n who_o use_n no_o other_o know_v thing_n can_v supply_v it_o be_v not_o its_o be_v better_a or_o worse_o but_o its_o quantity_n and_o vent_n be_v that_o alone_a which_o regulate_v and_o determine_v its_o value_n to_o apply_v this_o now_o to_o money_n as_o capable_a of_o different_a rate_n of_o interest_n consider_v money_n in_o its_o proper_a use_n as_o a_o commodity_n pass_v in_o exchange_n from_o one_o to_o another_o all_o that_o be_v do_v by_o interest_n be_v but_o add_v to_o money_n by_o agreement_n or_o public_a authority_n which_o natural_o it_o have_v not_o viz._n a_o faculty_n of_o increase_v every_o year_n six_o per_fw-la cent_z now_o if_o public_a authority_n sink_v use_v to_o four_o per_fw-la cent._n it_o be_v certain_a it_o diminish_v this_o good_a quality_n in_o money_n 1_o â—_o but_o yet_o this_o make_v the_o money_n of_o england_n not_o one_o farthing_n more_o than_o it_o be_v it_o alter_v not_o the_o measure_n upon_o which_o all_o changeable_a commodity_n increase_v or_o sink_v their_o price_n and_o so_o make_v not_o money_n exchange_n for_o less_o of_o any_o commodity_n than_o it_o will_v without_o this_o alteration_n of_o its_o interest_n but_o rather_o if_o lessen_v use_v to_o four_o per_fw-la cent._n do_v at_o all_o alter_v the_o quantity_n of_o money_n and_o make_v it_o less_o it_o make_v money_n as_o it_o have_v the_o nature_n of_o a_o commodity_n dear_a i._n e._n a_o less_o quantity_n of_o money_n will_v exchange_n for_o a_o great_a quantity_n of_o another_o commodity_n than_o it_o will_v before_o this_o perhaps_o will_v appear_v a_o little_a plain_o by_o these_o follow_a particular_n 1._o that_o the_o intrinsic_a natural_a worth_n of_o any_o thing_n consist_v in_o this_o that_o it_o be_v apt_a to_o be_v serviceable_a to_o the_o necessity_n or_o conveniency_n of_o human_a life_n and_o it_o be_v natural_o more_o worth_a as_o the_o necessity_n or_o conveniency_n it_o supply_v be_v great_a but_o yet_o 2._o that_o there_o be_v no_o such_o intrinsic_a natural_a settle_a value_n in_o any_o thing_n as_o to_o make_v any_o assign_a quantity_n of_o it_o constant_o worth_a any_o assign_a quantity_n of_o another_o 3._o the_o value_n of_o any_o assign_a quantity_n of_o two_o or_o more_o commodity_n be_v pro_fw-la hic_fw-la &_o nunc_fw-la equal_a when_o they_o will_v exchange_v one_o for_o another_o as_o suppose_v one_o bushel_n of_o wheat_n two_o bushel_n of_o barley_n 30_o l._n of_o lead_n and_o one_o ounce_n of_o silver_n will_v now_o in_o the_o market_n be_v take_v one_o for_o another_o they_o be_v then_o of_o equal_a worth_n and_o our_o coin_n be_v that_o which_o englishman_n reckon_v by_o a_o englishman_n will_v say_v that_o now_o one_o bushel_n of_o wheat_n two_o bushel_n of_o barley_n 30_o l._n of_o lead_n one_o ounce_n of_o silver_n be_v equal_o worth_a five_o shilling_n 4._o the_o alter_n of_o this_o value_n two_o thing_n in_o respect_n of_o one_o another_o or_o any_o one_o stand_v common_a measure_n be_v not_o the_o alter_n of_o any_o intrinsic_a value_n or_o quality_n in_o the_o commodity_n for_o musty_a and_o smutty_a corn_n will_v sell_v dear_a at_o one_o time_n than_o the_o clean_a and_o sweet_a at_o another_o but_o the_o alteration_n of_o some_o proportion_n the_o commodity_n bear_v to_o something_o else_o 5._o this_o proportion_n in_o all_o commodity_n whereof_o money_n be_v one_o be_v the_o proportion_n of_o their_o quantity_n to_o the_o vent_n which_o vent_n be_v nothing_o else_o but_o the_o pass_n of_o commodity_n from_o one_o owner_n to_o another_o in_o exchange_n and_o be_v then_o call_v quick_a when_o a_o great_a quantity_n of_o any_o species_n of_o commodity_n be_v take_v off_o from_o the_o owner_n of_o it_o in_o a_o equal_a space_n of_o time_n 6._o this_o vent_n be_v regulate_v i._n e._n make_v quick_a or_o slow_a as_o great_a or_o less_o quantity_n of_o any_o saleable_a commodity_n be_v remove_v out_o of_o the_o way_n and_o course_n of_o trade_n separate_v from_o public_a commerce_n and_o no_o long_o lie_v within_o the_o reach_n of_o exchange_n for_o though_o any_o commodity_n shall_v shift_v hand_n never_o so_o fast_o and_o be_v exchange_v from_o one_o man_n to_o another_o yet_o if_o they_o be_v not_o thereby_o exempt_v from_o trade_n and_o sale_n and_o do_v not_o cease_v to_o be_v any_o long_a traffic_n this_o will_v not_o at_o all_o make_v or_o quicken_v their_o vent_n but_o this_o seldom_o or_o never_o happen_v make_v very_o little_a or_o no_o alteration_n and_o thus_o the_o vent_n be_v alter_v three_o way_n 1._o by_o consumption_n when_o the_o commodity_n in_o its_o use_n be_v destroy_v as_o meat_n drink_v and_o clothes_n etc._n etc._n all_o that_o be_v so_o consume_v be_v quite_o go_v out_o of_o the_o trade_n of_o the_o world_n 2._o exportation_n and_o all_o that_o be_v so_o carry_v away_o be_v go_v out_o of_o the_o trade_n of_o england_n and_o concern_v englishman_n no_o more_o in_o the_o price_n of_o their_o commodity_n among_o themselves_o than_o if_o it_o be_v out_o of_o the_o world_n 3._o buy_v and_o lay_v up_o for_o a_o man_n private_a use._n for_o what_o be_v by_o any_o of_o these_o way_n shut_v out_o of_o the_o market_n and_o no_o long_o movable_a by_o the_o hand_n of_o commerce_n make_v no_o long_o any_o part_n of_o merchantable_a ware_n and_o so_o in_o respect_n of_o trade_n and_o the_o quantity_n of_o any_o commodity_n be_v not_o more_o considerable_a than_o if_o it_o be_v not_o in_o be_v all_o these_o three_o terminate_n at_o last_n in_o consumption_n of_o all_o commodity_n except_v only_a jewel_n and_o plate_n and_o some_o few_o other_o which_o wear_v out_o but_o insensible_o may_v proper_o enough_o pass_v under_o that_o name_n engross_a too_o have_v some_o influence_n on_o the_o present_a vent_n but_o this_o enclose_v some_o considerable_a part_n of_o any_o commodity_n for_o if_o the_o engross_a be_v of_o all_o the_o commodity_n and_o it_o be_v of_o general_a use_n the_o price_n be_v at_o the_o will_n of_o the_o engrosser_n out_o of_o the_o free_a common_a of_o trade_n only_o for_o some_o time_n and_o afterward_o return_v again_o to_o sale_n make_v not_o usual_o so_o sensible_a and_o general_a a_o alteration_n in_o the_o vent_n as_o the_o other_o do_v but_o yet_o influence_n the_o price_n and_o the_o vent_v more_o according_a as_o it_o extend_v its_o self_n to_o a_o large_a portion_n of_o the_o commodity_n and_o hoard_v it_o up_o long_o 7._o most_o other_a portable_a commodity_n except_v jewel_n plate_n etc._n etc._n decay_v quick_o in_o their_o use_n but_o money_n be_v less_o consume_v or_o increase_v i._n e._n by_o slow_a degree_n remove_v from_o or_o bring_v into_o the_o free_a commerce_n of_o any_o country_n than_o the_o great_a part_n of_o other_o merchandise_n and_o so_o the_o proportion_n between_o its_o quantity_n and_o vent_n alter_v slow_a than_o in_o most_o other_o commodity_n it_o be_v common_o look_v on_o as_o a_o stand_a measure_n to_o judge_v of_o the_o value_n of_o all_o thing_n especial_o be_v adapt_v to_o it_o by_o its_o weight_n and_o denomination_n in_o coinage_n 8._o money_n whilst_o the_o same_o quantity_n of_o it_o be_v pass_v up_o and_o down_o the_o kingdom_n in_o trade_n be_v real_o a_o stand_a measure_n of_o the_o fall_n and_o rise_v value_n of_o other_o thing_n in_o reference_n to_o one_o another_o and_o the_o alteration_n of_o price_n be_v true_o in_o they_o only_o but_o if_o you_o increase_v or_o lessen_v the_o quantity_n of_o money_n current_n in_o traffic_n in_o any_o place_n than_o the_o alteration_n of_o value_n be_v in_o the_o money_n and_o if_o at_o the_o same_o time_n wheat_n keep_v its_o proportion_n of_o vent_n to_o quantity_n money_n to_o speak_v true_o alter_v its_o worth_n and_o wheat_n do_v not_o though_o it_o sell_v for_o a_o great_a or_o less_o price_n than_o it_o do_v before_o for_o money_n be_v look_v upon_o as_o the_o stand_a measure_n of_o other_o commodity_n man_n consider_v and_o speak_v of_o it_o still_o as_o if_o it_o be_v a_o stand_a measure_n though_o when_o it_o have_v vary_v its_o quantity_n it_o be_v plain_a it_o be_v not_o 9_o but_o the_o value_n or_o price_n of_o all_o commodity_n among_o which_o money_n
coin_n pay_v the_o coinage_n the_o particular_a owner_n pay_v nothing_o for_o it_o so_o that_o 100_o ounce_n of_o silver_n coin_v come_v to_o the_o owner_n at_o the_o same_o rate_n as_o 100_o ounce_n of_o the_o standard_n silver_n in_o bullion_n for_o deliver_v into_o the_o mint_n his_o silver_n in_o bar_n he_o have_v the_o same_o quantity_n of_o silver_n deliver_v out_o to_o he_o again_o in_o coin_n without_o any_o charge_n to_o he_o whereby_o if_o at_o any_o time_n he_o have_v occasion_n for_o bullion_n it_o be_v the_o same_o thing_n to_o melt_v down_o our_o miâ—ed_a money_n as_o to_o buy_v bullion_n from_o abroad_o or_o take_v it_o in_o exchange_n for_o other_o commodity_n thus_o our_o mint_n to_o the_o only_a advantage_n of_o our_o officer_n but_o at_o the_o public_a cost_n â—_z in_o vain_a as_o will_v be_v find_v but_o yet_o this_o make_v you_o not_o have_v one_o jot_n less_o money_n in_o england_n than_o you_o will_v have_v otherwise_o but_o only_o make_v you_o coin_n that_o 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denominate_v a_o crownâ—_n or_o that_o as_o be_v now_o propose_v a_o 〈…〉_z about_o 40_o grain_n be_v 〈…〉_z denominate_v a_o 〈…〉_z it_o or_o will_v if_o our_o money_n be_v 〈…〉_z for_o the_o future_a fix_v it_o here_o coin_v what_o quantity_n of_o silver_n you_o please_v in_o one_o piece_n big_a or_o less_o and_o give_v it_o the_o denomination_n of_o a_o crown_n when_o your_o money_n be_v to_o go_v to_o pay_v your_o foreign_a debt_n or_o else_o it_o will_v not_o go_v out_o at_o all_o your_o heavy_a money_n i._n e._n that_o which_o be_v weight_n according_a to_o its_o denomination_n by_o the_o standard_n of_o the_o mint_n will_v be_v that_o which_o will_v be_v melt_v down_o or_o carry_v away_o in_o coin_n by_o the_o exporter_n whether_o the_o piece_n of_o each_o species_n be_v by_o the_o law_n great_a or_o less_o for_o whilst_o coinage_n be_v wholâ—y_o pay_v for_o by_o a_o tax_n whatever_o your_o size_n of_o money_n be_v he_o that_o have_v need_n of_o bullion_n to_o send_v beyond_o sea_n 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now_o the_o intrinsique_n value_n of_o the_o silver_n be_v not_o alter_v as_o we_o have_v show_v already_o therefore_o that_o temptation_n to_o melt_v they_o down_o remain_v the_o same_o as_o before_o but_o they_o be_v light_a by_o 1_o 20._o that_o can_v hinder_v they_o from_o be_v melt_v down_o for_o half_a crown_n be_v light_a by_o half_a and_o yet_o that_o preserve_v they_o not_o but_o they_o be_v of_o less_o weight_n under_o the_o same_o denomination_n and_o therefore_o they_o will_v not_o be_v melt_v down_o that_o be_v true_a if_o any_o of_o these_o present_a crown_n that_o be_v 1_o â—0_n heavy_a be_v current_n for_o crown_n at_o the_o same_o time_n for_o than_o they_o will_v no_o more_o melt_v down_o the_o new_a light_a crown_n than_o they_o will_v the_o old_a clip_v one_o which_o be_v more_o worth_a in_o coin_n and_o tale_n than_o in_o weight_n and_o bullion_n but_o it_o can_v be_v suppose_v that_o man_n will_v part_v with_o their_o old_a and_o heavy_a money_n at_o the_o same_o rate_n that_o the_o light_a new_a coin_n go_v at_o and_o pay_v away_o their_o old_a crown_n for_o 5_o s._n in_o tale_n when_o at_o the_o mint_n they_o will_v yield_v they_o 5_o s._n 3_o d._n and_o then_o if_o a_o old_a mill_v crown_n go_v for_o 5_o s._n 3_o d._n and_o a_o new_a mill_v crown_n be_v so_o much_o light_a go_v for_o a_o crown_n what_o i_o pray_v will_v be_v the_o odds_o of_o melt_v down_o the_o one_o or_o the_o other_o the_o one_o have_v 1_o 20_o less_o silver_n in_o it_o and_o go_v for_o 1_o 20_o less_o and_o so_o be_v weight_n they_o be_v melt_v down_o upon_o equal_a term_n if_o it_o be_v a_o convenience_n to_o melt_v one_o it_o will_v be_v as_o much_o a_o convenience_n to_o melt_v the_o other_o just_a as_o it_o be_v the_o same_o convenience_n to_o melt_v miâ—led_v half_a crown_n as_o mill_v crown_n the_o one_o have_v with_o half_a the_o quantity_n of_o silver_n half_o the_o value_n when_o the_o money_n be_v all_o bring_v to_o the_o new_a rate_n i._n e._n to_o be_v â—_o 20_o light_a and_o commodity_n raise_v as_o they_o will_v proportionable_o what_o shall_v hinder_v the_o melt_a down_o of_o your_o money_n then_o more_o than_o now_o i_o will_v fain_o know_v if_o it_o be_v coin_v then_o as_o it_o be_v now_o gâ—â—tis_n a_o crown_n piece_n let_v it_o be_v of_o what_o weight_n soever_o will_v be_v as_o it_o be_v now_o just_a worth_n it_o be_v own_o weight_n in_o bullion_n of_o the_o same_o fineness_n for_o the_o coinage_n which_o be_v the_o manufacture_n about_o it_o and_o make_v all_o the_o difference_n â—â—â—â—ing_v nothing_o what_o can_v
make_v the_o difference_n of_o value_n and_o therefore_o whoever_o want_v bullion_n will_v as_o cheap_o melt_v down_o these_o new_a crown_n as_o buy_v bullion_n with_o they_o the_o raise_n of_o your_o money_n can_v then_o the_o act_n for_o free_a coinage_n stand_v hinder_v its_o be_v melt_v down_o nor_o in_o the_o next_o place_n much_o less_o can_v it_o as_o be_v pretend_v hinder_v the_o exportation_n of_o our_o bullion_n any_o denomination_n or_o stamp_n we_o shall_v give_v to_o silver_n here_o will_v neither_o give_v silver_n a_o high_a value_n in_o england_n nor_o make_v it_o less_o prize_v abroad_o so_o much_o silver_n will_v always_o be_v worth_a as_o we_o have_v already_o show_v so_o much_o silver_n give_v in_o exchange_n one_o for_o another_o nor_o will_v it_o when_o in_o your_o mint_n a_o less_o quantity_n of_o it_o be_v raise_v to_o a_o high_a denomination_n as_o when_o 19_o 20_o of_o a_o ounce_n have_v now_o the_o denomination_n of_o a_o crown_n which_o former_o belong_v 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the_o mint_n will_v pay_v for_o no_o more_o flesh_n fruit_n or_o cloth_n than_o five_o clip_a shilling_n it_o be_v evident_a that_o they_o be_v equivalent_a as_o to_o the_o purchase_n of_o any_o thing_n here_o at_o home_n while_o no_o body_n scruple_n to_o take_v five_o clip_a shilling_n in_o exchange_n for_o a_o weighty_a mill_v crown_n but_o this_o will_v be_v quite_o otherwise_o as_o soon_o as_o you_o change_v your_o coin_n andâ—_n to_o raise_v it_o as_o you_o call_v it_o make_v your_o money_n 1_o â—0_n light_a in_o the_o mint_n for_o than_o no_o body_n will_v any_o more_o give_v a_o old_a crown_n of_o the_o former_a standard_n for_o one_o of_o the_o new_a than_o he_o will_v now_o give_v you_o 5_o s._n and_o 3_o d._n for_o a_o crown_n for_o so_o much_o than_o his_o old_a crown_n will_v yield_v he_o at_o the_o mint_n clip_v and_o unclipt_a money_n will_v always_o buy_v a_o equal_a quantity_n of_o any_o thing_n else_o as_o long_o as_o they_o will_v without_o scruple_n change_v one_o 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so_o trade_v for_o on_o borrow_a money_n be_v but_o the_o ouâ—â—ballance_n of_o our_o exportation_n to_o our_o importation_n the_o kingdom_n get_v by_o this_o borrow_v so_o much_o as_o whatsoever_o the_o merchant_n gain_n be_v above_o his_o use._n but_o if_o we_o borrow_v only_o for_o our_o own_o expense_n we_o grow_v double_o poor_a by_o pay_v money_n for_o the_o commodity_n we_o consume_v and_o use_v for_o that_o money_n though_o the_o merchant_n get_v all_o this_o while_n by_o make_v return_v great_a than_o his_o use._n and_o therefore_o borrow_v of_o foreigner_n in_o itself_o make_v not_o the_o kingdom_n rich_a or_o poor_a for_o it_o may_v do_v either_o but_o spend_v more_o than_o our_o fruit_n or_o manufacture_n will_v pay_v for_o bring_v in_o poverty_n and_o poverty_n borrow_v for_o money_n as_o necessary_a to_o trade_n may_v be_v double_o consider_v first_o as_o in_o his_o hand_n that_o pay_v the_o labourer_n and_o land-holder_n for_o here_o its_o motion_n terminate_v and_o through_o who_o hand_n soever_o it_o pass_v between_o these_o he_o be_v but_o a_o broker_n and_o if_o this_o man_n want_v money_n as_o for_o example_n the_o clothier_n the_o manufacture_n be_v not_o make_v and_o so_o the_o trade_n stop_v and_o be_v lose_v or_o second_o money_n may_v be_v consider_v as_o in_o the_o hand_n of_o the_o consumer_n under_o which_o name_n i_o here_o reckon_v the_o merchant_n who_o buy_v the_o commodity_n when_o make_v to_o export_v and_o if_o he_o want_v money_n the_o value_n of_o the_o commodity_n when_o make_v be_v lessen_v and_o so_o the_o kingdom_n lose_v in_o the_o price_n if_o therefore_o use_v he_o lessenedâ—_n and_o you_o can_v tie_v foreigner_n to_o your_o term_n than_o the_o ill_a effect_n fall_v only_o upon_o your_o own_o landholders_n and_o artisan_n if_o foreigner_n can_v be_v force_v by_o your_o law_n to_o lend_v you_o money_n only_o at_o your_o own_o rate_n or_o not_o lend_v at_o all_o be_v it_o not_o more_o likely_a they_o will_v rather_o 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money_n for_o gold_n grow_v not_o that_o i_o know_v in_o our_o country_n and_o silver_n so_o little_a that_o one_o hundred_o thousand_o part_n of_o the_o silver_n we_o have_v now_o in_o england_n be_v not_o draw_v out_o of_o any_o mine_n in_o this_o island_n if_o he_o mean_v that_o the_o moneyed_a man_n in_o holland_n who_o put_v out_o his_o money_n at_o interest_n here_o do_v not_o send_v it_o over_o in_o pullion_n or_o specie_fw-la hither_o that_o may_v be_v true_a or_o false_a but_o either_o way_n help_v not_o that_o author_n purpose_n for_o if_o he_o pay_v his_o money_n to_o a_o merchant_n his_o neighbour_n and_o take_v his_o pill_n for_o it_o here_o in_o england_n he_o do_v the_o same_o thing_n as_o if_o he_o have_v send_v over_o that_o money_n since_o he_o do_v but_o make_v that_o merchant_n 〈◊〉_d in_o england_n the_o money_n which_o â—e_n have_v due_a to_o he_o there_o and_o otherwise_o will_v carry_v away_o 〈◊〉_d say_v our_o author_n 〈…〉_z i_o must_v not_o be_v pay_v and_o export_v in_o ready_a money_n so_o say_v our_o law_n indeed_o but_o that_o be_v a_o law_n to_o hedge_v in_o the_o cookoe_n and_o serve_v to_o no_o purpose_n for_o if_o we_o export_v not_o good_n for_o which_o our_o merchant_n have_v money_n due_a to_o they_o in_o holland_n how_o can_v it_o be_v pay_v by_o bill_n of_o exchange_n and_o for_o goods_n 100_o l._n worth_n of_o good_n can_v no_o where_o pay_n 200_o l._n in_o money_n this_o be_v that_o which_o i_o find_v many_o man_n deceive_v themselves_o with_o in_o trade_n it_o may_v be_v worth_a while_n to_o make_v it_o a_o little_a plain_o let_v we_o suppose_v england_n people_v as_o it_o be_v now_o and_o its_o woollen_a manufacture_n in_o the_o same_o state_n and_o perfection_n that_o it_o be_v at_o present_a and_o that_o we_o have_v no_o money_n at_o all_o trade_n with_o this_o our_o woollen_a manufacture_n for_o the_o value_n of_o 200000_o l._n yearly_a to_o spain_n where_o there_o actual_o be_v a_o million_o in_o money_n let_v we_o suppose_v that_o we_o bring_v back_o from_o spain_n yearly_a in_o oil_n wine_n and_o fruit_n to_o the_o value_n of_o 100000_o l._n and_o continue_v to_o do_v this_o ten_o year_n together_o it_o be_v plain_a we_o have_v have_v for_o our_o two_o million_o value_n in_o woollen_a manufacture_n carry_v thither_o one_o million_o return_v in_o wine_n oil_n and_o fruit_n but_o what_o be_v become_v of_o â—_o other_o million_o will_v the_o merchant_n be_v content_a to_o lose_v it_o that_o you_o may_v be_v sure_a they_o will_v not_o nor_o have_v trade_v on_o if_o they_o have_v not_o every_o year_n return_v make_v answer_v their_o exportation_n how_o then_o be_v the_o return_v make_v in_o money_n it_o be_v evident_a for_o the_o spaniard_n have_v in_o such_o a_o trade_n no_o debt_n nor_o the_o possibility_n of_o any_o debt_n in_o england_n can_v pay_v one_o farthing_n of_o that_o other_o million_o by_o bill_n of_o exchange_n and_o have_v no_o commodity_n that_o we_o will_v take_v off_o above_o the_o value_n of_o 100000_o l._n per_fw-la annum_fw-la they_o can_v pay_v we_o in_o commodity_n from_o whence_o it_o necessary_o follow_v that_o the_o 100000_o l._n per_fw-la annum_fw-la wherein_o we_o overbalance_n they_o in_o trade_n must_v be_v pay_v we_o in_o money_n and_o so_o at_o the_o ten_o year_n end_n their_o million_o of_o money_n though_o their_o law_n make_v it_o death_n to_o export_v it_o will_v be_v all_o bring_v into_o englâ—nd_n as_o in_o truth_n by_o this_o overbalance_n of_o trade_n the_o great_a part_n of_o our_o money_n have_v be_v bring_v into_o england_n out_o of_o spain_n let_v we_o suppose_v ourselves_o now_o possess_v of_o this_o million_o of_o money_n and_o export_v yearly_a out_o of_o england_n to_o the_o several_a part_n of_o the_o worldâ—_n consumable_a commodity_n to_o the_o value_n of_o a_o million_o but_o import_v yearly_o in_o commodity_n which_o we_o consume_v among_o we_o to_o the_o value_n of_o 1100000_o l._n if_o such_o a_o tâ—â—de_n as_o this_o be_v manage_v among_o we_o and_o continue_v ten_o yâ—â—â—s_n it_o be_v evident_a that_o our_o million_o of_o money_n will_v at_o the_o end_n of_o the_o ten_o year_n be_v inevitable_o all_o go_v from_o we_o to_o they_o by_o the_o same_o way_n that_o it_o come_v to_o we_o that_o be_v by_o their_o overbalance_n of_o trade_n for_o we_o import_v every_o year_n 100000_o l._n worth_n of_o commodity_n more_o than_o we_o export_v and_o there_o be_v no_o foreigner_n that_o will_v give_v we_o 100000_o l._n every_o year_n for_o nothing_o it_o be_v unavoidable_a that_o 100000_o l._n of_o our_o money_n must_v go_v out_o every_o year_n to_o pay_v for_o that_o overplus_n which_o our_o commodity_n do_v not_o pay_v for_o and_o it_o be_v ridiculous_a
to_o say_v that_o bill_n of_o exchange_n shall_v pay_v our_o debt_n abroad_o that_o can_v be_v till_o scrip_n of_o paper_n can_v be_v make_v current_n coin_n the_o english_a merchant_n who_o have_v no_o money_n owe_v he_o abroad_o can_v expect_v to_o have_v his_o bill_n pay_v there_o or_o if_o he_o have_v credit_n enough_o with_o a_o correspondent_a to_o have_v his_o bill_n answer_v this_o pay_v none_o of_o the_o debt_n of_o england_n but_o only_o change_v the_o creditor_n and_o if_o upon_o the_o general_a balance_n of_o trade_n english_a merchant_n owe_v to_o foreigner_n 100000_o l._n or_o 1000000_o if_o commodity_n do_v not_o our_o money_n must_v go_v out_o to_o pay_v or_o else_o our_o credit_n be_v lose_v and_o our_o trade_n stop_v and_o be_v lose_v too_o a_o kingdom_n grow_v rich_a or_o poor_a just_a as_o a_o farmer_n do_v and_o no_o otherwise_o let_v we_o suppose_v the_o whole_a isle_n of_o portland_n one_o farm_n and_o that_o the_o owner_n beside_o what_o serve_v his_o family_n carry_v to_o market_n to_o weymouth_n and_o dorchester_n etc._n etc._n cattle_n corn_n butter_n cheese_n wool_n or_o cloth_n lead_v and_o tin_n all_o commodity_n produce_v and_o wrought_v within_o his_o farm_n of_o portland_n to_o the_o value_n of_o 1000_o l._n yearly_o and_o for_o this_o bring_v home_o in_o salt_n wine_n oil_n spice_n linen_n and_o silk_n to_o the_o value_n of_o 900_o l._n and_o the_o remain_a 100_o l._n in_o money_n it_o be_v evident_a he_o grow_v every_o year_n 100_o l._n rich_a and_o so_o at_o the_o end_n of_o the_o ten_o year_n will_v have_v clear_o get_v 1000_o l._n if_o the_o owner_n be_v a_o better_a husband_n and_o content_v himself_o with_o his_o native_a commodity_n buy_v less_o wine_n spice_n and_o silk_n at_o market_n and_o so_o bring_v home_o 500_o l._n in_o money_n yearly_a instead_o of_o 100_o l._n at_o the_o end_n of_o ten_o year_n he_o will_v have_v 5000_o l._n by_o he_o and_o be_v so_o much_o rich_a he_o die_v and_o his_o son_n succeed_v a_o fashionable_a young_a gentleman_n that_o can_v dine_v without_o champaign_n and_o burgundy_n nor_o sleep_v but_o in_o a_o damask_n bed_n who_o wife_n must_v spread_v a_o long_a train_n of_o brocard_n and_o his_o child_n be_v always_o in_o the_o new_a french_a cut_n and_o stuff_n he_o be_v come_v to_o the_o estate_n keep_v on_o a_o very_a busy_a family_n the_o market_n be_v weekly_o frequent_v and_o the_o commodity_n of_o his_o farm_n carry_v out_o and_o sell_v as_o former_o but_o the_o return_v be_v make_v something_o different_a the_o fashionable_a way_n of_o eat_v drink_v and_o clothe_v 〈◊〉_d his_o wife_n child_n and_o family_n require_v more_o sugar_n and_o spice_n wine_n and_o fruit_n silk_n and_o ribbon_n than_o in_o his_o father_n time_n so_o that_o instead_o of_o 900_o l._n per_fw-la annum_fw-la he_o now_o bring_v home_n of_o consumable_a commodity_n to_o the_o value_n of_o 1100_o l._n yearly_a what_o come_v of_o this_o he_o live_v in_o splendour_n it_o be_v true_a but_o this_o avoidable_a carry_v away_o the_o money_n his_o father_n get_v and_o he_o be_v every_o year_n 100_o l._n poor_a to_o his_o expense_n beyond_o his_o income_n add_v debauchery_n idleness_n and_o quarrel_n among_o his_o servant_n whereby_o his_o manufacture_n be_v disturb_v and_o his_o business_n neglect_v and_o a_o general_a disorder_n and_o confusion_n through_o his_o whole_a family_n and_o farm_n this_o will_v tumble_v he_o down_o the_o hill_n the_o fall_a and_o the_o stock_n the_o industry_n frugality_n and_o good_a order_n of_o his_o father_n have_v lay_v upâ—_n will_v be_v quick_o bring_v to_o a_o end_n and_o he_o fast_o in_o prison_n a_o farm_n and_o a_o kingdom_n in_o this_o respect_n diâ—â—er_v no_o more_o than_o as_o great_a and_o less_o we_o may_v trade_n and_o be_v busy_a and_o grow_v poor_a by_o it_o unless_o we_o regulate_v our_o expense_n if_o to_o this_o we_o be_v idle_a negligent_a dishone_a malicious_a and_o disturb_v the_o sober_a and_o industrious_a in_o their_o business_n let_v it_o be_v upon_o what_o pretence_n it_o will_v we_o shall_v ruin_n the_o fast_o so_o that_o whatever_o this_o author_n or_o any_o one_o else_o may_v say_v money_n be_v bring_v into_o england_n by_o nothing_o but_o spend_v here_o less_o of_o foreign_a commodity_n than_o what_o we_o carry_v to_o market_n can_v pay_v for_o nor_o can_v debt_n we_o owe_v to_o foreigner_n be_v pay_v by_o bill_n of_o exchange_n till_o our_o commodity_n export_v and_o sell_v beyond_o sea_n have_v produce_v money_n or_o debt_n due_a there_o to_o some_o of_o our_o merchant_n for_o nothing_o will_v pay_v debt_n but_o money_n or_o money_n worth_n which_o three_o or_o four_o line_n write_v in_o paper_n can_v be_v for_o if_o they_o have_v a_o intrinsic_a value_n and_o can_v serve_v instead_o of_o money_n why_o do_v we_o not_o send_v they_o to_o market_n instead_o of_o our_o cloth_n lead_v and_o tin_n and_o at_o a_o easy_a rate_n purchase_v the_o commodity_n we_o want_v all_o that_o a_o bill_n of_o exchange_n can_v do_v be_v to_o direct_v to_o who_o money_n due_a or_o take_v up_o upon_o credit_n in_o a_o foreign_a country_n shall_v be_v pay_v and_o if_o we_o trace_v it_o what_o be_v due_a already_o we_o shall_v find_v become_v so_o for_o commodity_n or_o money_n carry_v from_o hence_o and_o if_o it_o be_v take_v up_o upon_o credit_n it_o must_v â—et_v the_o debt_n be_v shift_v from_o one_o creditor_n to_o another_o as_o often_o as_o you_o will_v at_o last_o be_v pay_v by_o money_n or_o good_n carry_v from_o hence_o or_o else_o the_o merchant_n here_o must_v turn_v bankrupt_a we_o have_v see_v how_o riches_n and_o money_n be_v get_v keep_v or_o lose_v in_o any_o country_n and_o that_o be_v by_o consume_a less_o of_o foreign_a commodity_n than_o what_o by_o commodity_n or_o labour_n be_v pay_v for_o this_o be_v in_o the_o ordinary_a course_n of_o thing_n but_o where_o great_a army_n and_o alliance_n be_v to_o be_v maintain_v abroad_o by_o supply_n send_v out_o of_o any_o country_n there_o often_o by_o a_o short_a and_o more_o sensible_a way_n the_o treasure_n be_v diminish_v but_o this_o since_o the_o holy_a war_n or_o at_o least_o since_o the_o improvement_n of_o navigation_n and_o trade_n seldom_o happen_v to_o england_n who_o prince_n have_v find_v the_o enlarge_n their_o power_n by_o sea_n and_o the_o secure_v our_o navigation_n and_o trade_n more_o the_o interest_n of_o this_o kingdom_n than_o war_n or_o conquest_n on_o the_o continent_n expense_n in_o arm_n beyond_o sea_n have_v have_v little_a influence_n on_o our_o riches_n or_o poverty_n the_o next_o thing_n to_o be_v consider_v be_v how_o money_n be_v necessary_a to_o trade_n the_o necessity_n of_o a_o certain_a proportion_n of_o money_n to_o trade_n i_o conceive_v lie_v in_o this_o that_o money_n in_o its_o circulation_n drive_v the_o several_a wheel_n of_o trade_n whilst_o it_o keep_v in_o that_o channel_n for_o some_o of_o it_o will_v unavoidable_o be_v drein_v into_o stand_v pool_n be_v all_o share_v between_o the_o land-holder_n who_o land_n aâ—â—ords_v the_o material_n the_o labourer_n who_o work_v they_o the_o broker_n i._n e._n merchant_n and_o shop_n keeper_n who_o distribute_v they_o to_o those_o that_o want_v they_o and_o the_o consumer_n who_o spend_v they_o now_o money_n be_v necessary_a to_o all_o these_o sort_n of_o man_n as_o serve_v both_o for_o counter_n and_o for_o pledge_n and_o so_o carry_v with_o it_o even_o reckon_a and_o security_n that_o he_o that_o receive_v it_o shall_v have_v the_o same_o value_n for_o it_o again_o of_o other_o thing_n that_o he_o want_v whenever_o he_o please_v the_o one_o of_o these_o it_o do_v by_o its_o stamp_n and_o denomination_n the_o other_o by_o its_o intrinsic_a value_n which_o be_v nothing_o else_o but_o its_o durableness_n scarcity_n and_o not_o be_v apt_a to_o be_v counterfeit_v which_o intrinsic_a value_n though_o it_o be_v not_o natural_a but_o be_v only_o in_o the_o opinion_n of_o man_n consent_v to_o it_o yet_o be_v universal_a have_v general_o but_o not_o always_o for_o we_o see_v that_o in_o a_o siege_n or_o man_n of_o war_n silver_n may_v not_o be_v of_o equal_a value_n to_o gunpowder_n and_o in_o a_o famine_n gold_n not_o be_v worth_a its_o weight_n in_o bran_n the_o same_o effect_n as_o if_o it_o be_v natural_a the_o necessity_n therefore_o of_o a_o proportion_n of_o money_n to_o trade_n depend_v on_o money_n not_o as_o counter_n for_o the_o reckon_a may_v be_v keep_v or_o transfer_v by_o write_v but_o on_o money_n as_o a_o pledge_n for_o since_o the_o bill_n bond_n or_o other_o note_n of_o debt_n i_o receive_v from_o one_o man_n will_v not_o be_v accept_v as_o security_n by_o another_o he_o not_o know_v that_o the_o bill_n or_o bond_n be_v true_a or_o
neither_o more_o or_o less_o land_n money_n or_o any_o sort_n of_o commodity_n in_o england_n than_o there_o be_v before_o immediate_o by_o its_o change_n alter_v not_o at_o all_o the_o value_n of_o money_n in_o reference_n to_o commodity_n because_o the_o measure_n of_o that_o be_v only_o the_o quantity_n and_o vent_n which_o be_v not_o immediate_o change_v by_o the_o change_n of_o interest_n but_o only_o as_o the_o change_n of_o interest_n in_o trade_n conduce_v to_o the_o bring_n in_o or_o carry_v out_o money_n or_o commodity_n and_o so_o in_o time_n vary_v their_o proportion_n here_o in_o england_n from_o what_o it_o be_v before_o which_o be_v not_o in_o this_o place_n to_o be_v consider_v this_o be_v perfect_o the_o value_n of_o money_n in_o respect_n of_o consumable_a commodity_n but_o the_o better_a to_o understand_v it_o in_o its_o full_a latitude_n in_o respect_n both_o of_o consumable_a commodity_n and_o land_n too_o we_o must_v consider_v first_o that_o the_o value_n of_o land_n consist_v in_o this_o that_o by_o its_o constant_a production_n of_o saleable_a commodity_n it_o bring_v in_o a_o certain_a yearly_a income_n second_o the_o value_n of_o commodity_n consist_v in_o this_o that_o as_o portable_a and_o useful_a thing_n they_o by_o their_o exchange_n or_o consumption_n supply_v the_o necessary_n or_o conveniency_n of_o life_n three_o in_o mâ—râ—y_n there_o be_v a_o double_a value_n answer_v to_o both_o of_o these_o first_o as_o it_o be_v capable_a by_o its_o interest_n to_o yield_v we_o such_o a_o yearly_a income_n and_o in_o this_o it_o have_v the_o nature_n of_o land_n the_o income_n of_o one_o be_v call_v renâ—_n of_o the_o other_o use_v only_o with_o this_o difference_n that_o the_o land_n in_o its_o soil_n be_v different_a as_o some_o fertile_a some_o barren_a and_o the_o product_n of_o it_o very_o various_a both_o in_o their_o sort_n and_o value_v too_o according_a as_o their_o quantity_n and_o vent_n vary_v but_o moneyâ—_n constant_o the_o same_o and_o by_o its_o interest_n give_v the_o same_o sort_n of_o product_n through_o the_o whole_a country_n be_v capable_a of_o have_v a_o sixed_a yearly_a rate_n set_v upon_o it_o by_o the_o magistrate_n but_o â—and_n be_v not_o but_o though_o in_o the_o uniformity_n of_o its_o legal_a worth_n 100_o l._n of_o lawful_a money_n be_v all_o through_o england_n equal_a in_o its_o current_a value_n to_o any_o other_o 100_o l._n of_o lawful_a money_n because_o by_o virtue_n of_o the_o law_n it_o will_v every_o where_o pass_v for_o as_o much_o ware_n or_o debt_n as_o any_o other_o hundred_o pound_n be_v capable_a to_o have_v its_o yearly_a hire_n value_v better_a than_o land_n yet_o in_o respect_n of_o the_o vary_a need_n and_o necessity_n of_o money_n which_o change_v with_o the_o increase_n or_o decay_v of_o money_n or_o trade_n in_o a_o country_n it_o be_v as_o little_a capable_a to_o have_v its_o yearly_a hire_n fix_v by_o law_n as_o land_n itself_o for_o be_v all_o the_o land_n in_o rumney-marsh_n acre_n for_o acre_n equal_o good_a that_o be_v do_v constant_o produce_v the_o same_o quantity_n of_o equal_o good_a hay_n or_o grass_n one_o as_o another_o the_o rent_n of_o it_o under_o that_o consideration_n of_o every_o acre_n be_v of_o a_o equal_a worth_n will_v be_v capable_a of_o be_v regulate_v by_o law_n and_o one_o may_v as_o well_o enact_v that_o no_o acre_n of_o land_n in_o rumney-marsh_n shall_v be_v let_v for_o above_o 40_o s._n per_fw-la an._n as_o that_o no_o 100_o l._n shall_v be_v let_v for_o above_o 4_o l._n per_fw-la an._n but_o no_o body_n can_v think_v it_o fit_a since_o by_o reason_n of_o the_o equal_a value_n of_o that_o land_n it_o can_v that_o therefore_o the_o rent_n of_o the_o land_n in_o rumney-marsh_n shall_v be_v regulate_v by_o law_n for_o suppose_v all_o the_o land_n in_o rumney-marsh_n or_o in_o england_n be_v all_o of_o so_o equal_a a_o worth_n that_o any_o one_o acre_n compare_v at_o the_o same_o time_n to_o any_o one_o other_o be_v equal_o good_a in_o respect_n of_o its_o product_n yet_o the_o same_o acre_n compare_v with_o itself_o in_o different_a time_n will_v not_o in_o respect_n of_o rent_n be_v of_o equal_a value_n and_o therefore_o it_o will_v have_v be_v a_o unreasonable_a thing_n if_o in_o the_o time_n of_o henryâ—_n â—_z the_o rent_n of_o land_n in_o rumney-marsh_n have_v be_v settle_v by_o a_o law_n according_a to_o the_o judge_v value_n of_o it_o at_o that_o time_n and_o the_o same_o law_n limit_v the_o rent_n perhaps_o to_o 5_o s._n per_fw-la acre_n have_v continue_v still_o the_o absurdity_n and_o impracticableness_n of_o this_o every_o one_o see_v at_o the_o first_o proposal_n and_o ready_o conclude_v within_o himself_o that_o thing_n must_v be_v leave_v to_o find_v their_o own_o priceâ—_n and_o it_o be_v impossible_a in_o this_o their_o constant_a mutability_n for_o human_a foresight_n to_o seâ—_n rule_n and_o bound_n to_o thâ—_n constantly-varying_a proportion_n and_o use_v which_o will_v always_o regulate_v their_o value_n they_o who_o consider_v thing_n beyond_o their_o name_n will_v find_v that_o money_n as_o well_o as_o all_o other_o commodity_n be_v liable_a to_o the_o same_o change_n and_o inequality_n nay_o in_o this_o respect_n of_o the_o variety_n of_o its_o value_n bring_v in_o by_o time_n in_o the_o succession_n of_o affair_n the_o rate_n of_o money_n be_v less_o capable_a of_o be_v regulate_v by_o a_o law_n in_o any_o country_n than_o the_o rent_n of_o land_n because_o of_o the_o quick_a change_n that_o happen_v in_o trade_n this_o too_o must_v be_v add_v that_o money_n may_v be_v bring_v in_o or_o carry_v out_o of_o the_o kingdom_n which_o land_n can_v and_o so_o that_o be_v true_o worth_a 6_o or_o 8_o per_fw-la cent._n this_o year_n which_o will_v yield_v but_o 4_o the_o last_o 2._o money_n have_v a_o value_n as_o it_o be_v capable_a by_o exchange_n to_o procure_v we_o the_o necessary_n or_o conveniency_n of_o life_n and_o in_o this_o it_o have_v the_o nature_n of_o a_o commodity_n only_o with_o this_o difference_n that_o it_o serve_v we_o common_o by_o its_o exchange_n never_o almost_o by_o its_o consumption_n but_o have_v not_o at_o all_o a_o more_o stand_v settle_a value_n in_o exchange_n with_o any_o other_o thing_n than_o any_o other_o commodity_n have_v but_o a_o more_o know_a one_o and_o better_o fix_v by_o name_n number_n and_o weight_n to_o enable_v we_o to_o reckon_v what_o the_o proportion_n of_o scarcity_n and_o vent_n of_o one_o commodity_n be_v to_o another_o for_o suppose_v as_o before_o that_o half_o a_o ounce_n of_o silver_n will_v last_v year_n exchange_v for_o one_o bushel_n of_o wheat_n or_o for_o 15_o l._n weight_n of_o lead_n if_o this_o year_n wheat_n be_v 10_o time_n scarce_a and_o lead_v in_o the_o same_o quantity_n to_o its_o vent_n as_o it_o be_v be_v it_o not_o evident_a that_o half_a a_o ounce_n of_o silver_n will_v still_o exchange_v for_o 15_o l._n of_o lead_n though_o it_o will_v exchange_v but_o for_o one_o ten_o of_o a_o bushel_n of_o wheat_n and_o he_o that_o have_v use_v of_o lead_n will_v as_o soon_o take_v 15_o l._n weight_n of_o lead_n as_o â—_o ounce_n of_o silver_n for_o one_o ten_o of_o a_o bushel_n of_o wheat_n and_o no_o more_o so_o that_o if_o you_o say_v that_o money_n now_o be_v 9_o 10_o less_o worth_a than_o it_o be_v the_o former_a year_n you_o must_v say_v so_o of_o lead_n too_o and_o all_o other_o thing_n that_o keep_v the_o same_o proportion_n to_o money_n they_o be_v in_o before_o only_o this_o variation_n be_v first_o observe_v in_o money_n because_o it_o be_v the_o measure_n by_o which_o people_n reckon_v for_o call_v that_o half_a ounce_n of_o silver_n half_n a_o crown_n they_o be_v understand_v better_o when_o they_o say_v half_o a_o crown_n or_o two_o shilling_n and_o six_o penny_n will_v now_o but_o 1_o 10_o of_o a_o bushel_n of_o wheat_n but_o do_v not_o say_v that_o 15_o l._n of_o lead_n will_v now_o but_o 1_o 10_o of_o a_o busheâ—_n of_o wheat_n because_o it_o be_v not_o general_o use_v to_o this_o sort_n of_o reckon_a nor_o do_v theâ—_n say_v lead_n be_v less_o worth_a than_o it_o be_v though_o in_o respect_n of_o wheat_n lead_v be_v 〈…〉_z worse_o than_o it_o be_v as_o well_o as_o silver_n only_o by_o the_o tale_n of_o shilling_n we_o be_v better_o enable_v to_o judge_v of_o it_o this_o i_o suppose_v be_v the_o true_a value_n of_o mâ—â—ney_n when_o it_o pass_v from_o one_o to_o another_o in_o buy_v and_o sell_v where_o it_o run_v the_o same_o change_n of_o high_a and_o low_o as_o anâ—_n other_o commodity_n do_v for_o one_o equâ—â—_n quantity_n whereof_o you_o shall_v receive_v more_o or_o less_o of_o another_o commodity_n at_o onâ—_n time_n than_o you_o do_v at_o another_o in_o
pass_v in_o trade_n be_v true_o one_o consist_v in_o proportion_n you_o alter_v this_o as_o you_o do_v all_o other_o proportion_n whether_o you_o increase_v one_o or_o lessen_v the_o other_o in_o all_o other_o commodity_n the_o owner_n when_o they_o design_v they_o for_o traffic_n endeavour_v as_o much_o as_o they_o can_v to_o have_v they_o vent_v and_o go_v i._n e._n remove_v out_o of_o the_o reach_n of_o commerce_n and_o exchange_n by_o consumption_n exportation_n or_o lay_v up_o which_o vent_n be_v sometime_o slow_a and_o sometime_o quick_a but_o money_n never_o lie_v upon_o people_n hand_n or_o want_v vent_n for_o any_o one_o may_v part_v with_o it_o in_o exchange_n when_o he_o please_v the_o endeavour_n of_o the_o public_a and_o almost_o every_o body_n be_v to_o keep_v it_o from_o vent_v or_o consume_v i._n e._n exportation_n or_o hoard_v up_o which_o be_v its_o proper_a consumption_n the_o vent_n of_o money_n therefore_o be_v always_o sufficient_a or_o more_o than_o enough_o its_o quantity_n alone_o be_v enough_o to_o regulate_v and_o determine_v its_o value_n without_o consider_v any_o proportion_n between_o its_o quantity_n and_o vent_n as_o in_o other_o commodity_n 10._o therefore_o lessen_v of_o use_n not_o bring_v one_o penny_n of_o money_n more_o into_o the_o trade_n or_o exchange_n of_o any_o country_n but_o rather_o draw_v it_o away_o from_o trade_n and_o so_o make_v it_o less_o do_v not_o at_o all_o sink_v its_o value_n and_o make_v it_o buy_v less_o of_o any_o commodity_n but_o rather_o more_o 11._o that_o which_o raise_v the_o natural_a interest_n of_o money_n be_v the_o same_o that_o raise_v the_o rent_n of_o land_n i._n e._n its_o aptness_n to_o bring_v in_o yearly_a to_o he_o that_o manage_n it_o a_o great_a overplus_n of_o income_n above_o his_o rent_n as_o a_o reward_n to_o his_o labour_n that_o which_o cause_v this_o in_o land_n be_v the_o great_a quantity_n of_o its_o product_n in_o proportion_n to_o the_o same_o vent_n of_o that_o particular_a fruit_n or_o the_o same_o quantity_n of_o product_n in_o proportion_n to_o a_o great_a vent_n of_o that_o single_a commodity_n but_o that_o which_o cause_v increase_v of_o profit_n to_o the_o borrower_n of_o money_n be_v the_o less_o quantity_n of_o money_n in_o proportion_n to_o trade_n or_o to_o the_o vent_n of_o all_o commodity_n take_v together_o &_o vice_fw-la versa_fw-la 12._o the_o natural_a value_n of_o money_n as_o it_o be_v apt_a to_o yield_v such_o a_o yearly_a income_n by_o interest_n depend_v on_o the_o whole_a quantity_n of_o the_o then_o pass_v money_n of_o the_o kingdom_n in_o proportion_n to_o the_o whole_a trade_n of_o the_o kingdom_n i._n e._n the_o general_a vent_n of_o all_o the_o commodity_n but_o the_o natural_a value_n of_o money_n in_o exchange_v for_o any_o one_o commodity_n be_v the_o quantity_n of_o the_o trade_n money_n of_o the_o kingdom_n design_v for_o that_o commodity_n in_o proportion_n to_o that_o single_a commodity_n and_o its_o vent_n for_o though_o any_o single_a man_n necessity_n and_o want_n either_o of_o money_n or_o any_o species_n of_o commodity_n be_v know_v may_v make_v he_o pay_v dear_a for_o money_n or_o that_o commodity_n yet_o this_o be_v but_o a_o particular_a case_n that_o do_v not_o at_o the_o same_o time_n alter_v this_o constant_a and_o general_a rule_n 13._o that_o suppose_v wheat_n a_o stand_a measure_n that_o be_v that_o there_o be_v constant_o the_o same_o quantity_n of_o it_o in_o proportion_n to_o its_o vent_n we_o shall_v find_v money_n to_o run_v the_o same_o variety_n of_o change_n in_o its_o value_n as_o all_o other_o commodity_n do_v now_o that_o wheat_n in_o england_n do_v come_v near_o to_o a_o stand_a measure_n be_v evident_a by_o compare_v wheat_n with_o other_o commodity_n money_n and_o the_o yearly_a income_n of_o land_n in_o hen._n 7._o time_n and_o now_o for_o suppose_v 1_o hen._n 7._o n._n let_v 100_o acre_n of_o land_n to_o a._n for_o 6_o d._n per_fw-la an._n per_fw-la acre_n rack-rentâ—_a and_o to_o b._n another_o 100_o acre_n of_o land_n oâ—_n the_o same_o soil_n and_o yearly_a worth_n with_o the_o former_a for_o a_o bushel_n of_o wheat_n per_fw-la acreâ—_n rack-rent_a a_o bushel_n of_o wheat_n about_o that_o time_n be_v probable_o sell_v for_o about_o 6_o d._n it_o be_v then_o a_o equal_a rent_n if_o therefore_o these_o lease_n be_v for_o year_n yet_o to_o come_v it_o be_v certain_a that_o he_o that_o pay_v 6_o d._n per_fw-la acre_n will_v pay_v now_o 50_o s._n per_fw-la an._n and_o he_o that_o pay_v a_o bushel_n of_o wheat_n per_fw-la acre_n will_v pay_v about_o 25_o l._n per_fw-la an._n which_o will_v be_v neâ—r_n about_o the_o yearly_a value_n of_o the_o landâ—_n be_v it_o to_o be_v let_v now_o the_o reason_n where_o of_o be_v this_o that_o there_o be_v ten_o time_n aâ—_n much_o silver_n now_o in_o the_o world_n the_o discovery_n of_o the_o west-indies_a have_v make_v the_o plenty_n as_o there_o be_v then_o it_o be_v 9_o 1â—_n less_o worth_a now_o than_o it_o be_v at_o that_o time_n that_o be_v it_o will_v exchange_v for_o 9_o 1â—_n less_o of_o any_o commodity_n now_o which_o bear_v the_o same_o proportion_n to_o its_o vent_n as_o it_o do_v 200_o year_n since_o which_o of_o all_o other_o commoditiesâ—_n wheat_n be_v likely_a to_o do_v for_o in_o england_n and_o this_o part_n of_o the_o world_n wheat_n be_v thâ—_n constant_a and_o most_o general_a food_n not_o alter_v with_o the_o fashion_n not_o grow_v by_o chance_n but_o as_o the_o farmer_n sow_n more_o or_o less_o of_o it_o which_o they_o endeavour_v to_o proportion_n as_o near_o as_o can_v be_v guess_v to_o the_o consumption_n abstract_v the_o overplus_a of_o the_o precedent_a year_n in_o their_o provision_n for_o the_o next_o and_o vice_n versâ_fw-la it_o must_v needs_o fall_v out_o that_o it_o keep_v the_o near_a proportion_n to_o its_o consumption_n which_o be_v more_o study_v and_o design_v in_o this_o than_o other_o commodity_n of_o any_o thing_n if_o you_o take_v it_o for_o 7_o or_o 20_o year_n together_o though_o perhaps_o the_o plenty_n or_o scarcity_n of_o one_o year_n cause_v by_o the_o accident_n of_o the_o season_n may_v very_o much_o vary_v it_o from_o the_o immediate_o precedent_n or_o the_o follow_v wheat_n therefore_o in_o this_o part_n of_o the_o world_n and_o that_o grain_n which_o be_v the_o constant_a general_a food_n of_o any_o other_o country_n be_v the_o fit_a measure_n to_o judge_v of_o the_o alter_a value_n of_o thing_n in_o any_o long_a tract_n of_o time_n and_o therefore_o wheat_n here_o rice_n in_o turkey_n etc._n etc._n be_v the_o fit_a thing_n to_o reserve_v a_o rent_n in_o which_o be_v design_v to_o be_v constant_o the_o same_o for_o all_o future_a age_n but_o money_n be_v the_o best_a measure_n of_o the_o alter_a value_n of_o thing_n in_o a_o few_o year_n because_o its_o vent_n be_v the_o same_o and_o its_o quantity_n alter_v slow_o but_o wheat_n or_o any_o other_o grain_n can_v serve_v instead_o of_o mony_n because_o of_o its_o bulkiness_n and_o too_o quick_a change_n of_o its_o quantity_n for_o have_v i_o a_o bond_n to_o pay_v i_o 100_o bushel_n of_o wheat_n next_o year_n it_o may_v be_v ¾_n loss_n or_o gain_n to_o i_o too_o great_a a_o inequality_n and_o uncertainty_n to_o be_v venture_v in_o trade_n beside_o the_o different_a goodness_n of_o several_a parcel_n of_o wheat_n in_o the_o same_o year_n 14._o that_o suppose_v any_o island_n separate_v from_o the_o commerce_n of_o the_o rest_n of_o mankind_n if_o gold_n and_o silver_n or_o whatever_o else_o so_o it_o be_v last_v be_v their_o money_n if_o they_o have_v but_o a_o certain_a quantity_n of_o it_o and_o can_v get_v no_o more_o that_o will_v be_v a_o steady_a stand_a measure_n of_o the_o value_n of_o all_o other_o thing_n 15._o that_o if_o in_o any_o country_n they_o use_v for_o money_n any_o last_a material_a whereof_o there_o be_v not_o any_o more_o to_o be_v get_v and_o so_o can_v be_v increase_v or_o be_v of_o no_o other_o use_n the_o rest_n of_o the_o world_n do_v not_o value_v it_o and_o so_o it_o be_v not_o like_a to_o be_v diminish_v this_o also_o will_v be_v a_o steady_a stand_a measure_n of_o the_o value_n of_o other_o commodity_n 16._o that_o in_o a_o country_n where_o they_o have_v such_o a_o stand_a measure_n any_o quantity_n of_o that_o money_n if_o it_o be_v but_o so_o much_o that_o every_o body_n may_v have_v some_o will_v serve_v to_o drive_v any_o proportion_n of_o trade_n whether_o more_a or_o less_o there_o be_v counter_n enough_o to_o reckon_v by_o and_o the_o value_n of_o the_o pledge_n be_v still_o sufficient_a as_o constant_o increase_n with_o the_o plenty_n of_o the_o commodity_n but_o these_o three_o last_o be_v build_v on_o supposition_n that_o be_v
dearness_n of_o food_n and_o labour_n in_o general_n in_o holland_n and_o the_o cheapness_n of_o it_o in_o england_n if_o n._n have_v 10000_o l._n in_o holland_n which_o the_o great_a advantage_n he_o can_v make_v of_o it_o in_o england_n either_o by_o use_n or_o purchase_n tempt_v he_o to_o transfer_v into_o england_n it_o be_v probable_a he_o will_v give_v as_o much_o to_o a_o merchant_n in_o holland_n to_o pay_v he_o 10000_o l._n in_o england_n as_o the_o insurance_n of_o that_o time_n between_o holland_n and_o england_n be_v worth_a which_o if_o it_o be_v in_o a_o country_n where_o the_o exportation_n of_o bullion_n be_v prohibit_v he_o must_v pay_v the_o more_o because_o his_o venture_n if_o he_o carry_v it_o in_o specie_fw-la will_v be_v great_a and_o upon_o this_o ground_n perhaps_o the_o prohibit_v the_o exportation_n of_o money_n out_o of_o england_n under_o penalty_n may_v be_v of_o some_o use_n by_o make_v the_o rate_n of_o the_o exchange_n great_a upon_o those_o country_n 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as_o a_o overbalance_n of_o trade_n and_o indeed_o when_o examine_v be_v general_o very_o little_a different_a from_o itâ—_n to_o be_v able_a to_o estimate_v the_o par_fw-fr with_o the_o rise_n and_o fall_v of_o the_o exchange_n it_o be_v necessary_a to_o know_v the_o intrinsic_a value_n iâ—_n how_o much_o silver_n be_v in_o the_o coin_n of_o thâ—_n two_o country_n by_o which_o you_o reckon_v and_o charge_v the_o bill_n of_o exchange_n sir_n if_o i_o have_v be_v lead_v a_o little_a too_o fâ—â—_n from_o one_o thing_n to_o another_o in_o the_o consideratâ—â—on_n of_o money_n i_o beg_v your_o pardon_n hâ—_n puâ—â—â—_n that_o these_o particular_n will_v afford_v some_o ligâ—â—_n to_o our_o present_a subject_n to_o return_v to_o the_o price_n of_o land_n by_o which_o have_v be_v abovesaid_a it_o be_v evident_a that_o the_o year_n purchase_v of_o land_n do_v not_o increase_v with_o the_o fall_n of_o interest_n and_o the_o abate_v that_o good_a quality_n in_o money_n of_o yield_v yearly_o six_o pâ—r_n cenâ—_n to_o four_o do_v not_o present_o so_o sink_v its_o value_n in_o respect_n of_o land_n that_o 1_o â—_o part_n more_o be_v require_v in_o exchange_n that_o be_v that_o fall_v of_o interest_n from_o six_o to_o four_o will_v not_o raise_v land_n from_o twenty_o to_o thirty_o year_n purchase_n the_o raise_n and_o fall_v of_o the_o price_n of_o land_n as_o of_o other_o thing_n depend_v much_o on_o the_o quantity_n of_o land_n set_v to_o sale_n compare_v with_o the_o quantity_n of_o money_n design_v for_o that_o traffic_n or_o which_o amount_v to_o the_o same_o thing_n upon_o the_o number_n of_o buyer_n and_o seller_n for_o where_o there_o be_v many_o seller_n and_o few_o purchaser_n though_o interest_n be_v lessen_v land_n will_v be_v cheap_a as_o i_o have_v already_o show_v at_o least_o this_o be_v certain_a that_o make_v a_o law_n to_o reduce_v interest_n will_v not_o raise_v the_o price_n of_o land_n it_o will_v only_o by_o drive_v it_o more_o into_o the_o banker_n hand_n leave_v the_o country_n bare_a of_o money_n whereby_o if_o the_o price_n of_o land_n about_o london_n shall_v be_v accident_o raise_v that_o of_o remote_a country_n will_v thereby_o have_v few_o purchaser_n and_o at_o low_a rate_n this_o be_v so_o that_o the_o low_a rate_n of_o land_n depend_v much_o on_o the_o great_a number_n of_o seller_n in_o proportion_n to_o purchaser_n the_o next_o thing_n to_o be_v inquire_v into_o be_v what_o make_v plenty_n of_o seller_n and_o to_o that_o the_o answer_n be_v obvious_a general_a ill_a husbandry_n and_o the_o consequence_n of_o it_o debt_n if_o a_o neglect_n of_o government_n and_o religion_n ill_a example_n and_o deprave_a education_n have_v introduce_v debauchery_n and_o art_n or_o chance_n have_v make_v it_o fashionable_a for_o man_n to_o live_v beyond_o their_o estate_n debt_n will_v increase_v and_o multiply_v and_o draw_v with_o they_o a_o necessity_n on_o man_n first_o of_o encumber_v and_o then_o sell_v their_o estate_n this_o be_v general_o the_o cause_n why_o man_n part_v with_o their_o land_n and_o i_o think_v there_o be_v scarce_o one_o of_o a_o hundred_o that_o think_v of_o sell_v his_o patrimony_n till_o mortgage_n have_v pretty_a well_o eat_v into_o the_o freehold_a and_o the_o weight_n of_o grow_a debt_n force_v a_o man_n whether_o he_o will_v or_o no_o out_o of_o his_o possession_n when_o almost_o be_v there_o ever_o a_o clear_a and_o unincumbred_a estate_n set_v to_o sale_n it_o be_v seldom_o a_o thrive_a man_n turn_v his_o land_n into_o money_n to_o make_v the_o great_a advantage_n the_o example_n of_o it_o be_v so_o rare_a that_o they_o be_v scarce_o of_o any_o consideration_n in_o the_o number_n of_o seller_n this_o i_o think_v may_v be_v the_o reason_n why_o in_o queen_n elizabeth_n day_n when_o sobriety_n frugality_n and_o industry_n bring_v in_o daiâ—y_a increase_n to_o the_o grow_a wealth_n of_o the_o kingdom_n â—and_v keep_v up_o its_o price_n and_o sell_v for_o more_o year_n purchase_v than_o correspond_v to_o the_o interest_n of_o money_n then_o busy_o imployâ—d_v in_o a_o thrive_a trade_n which_o make_v the_o natural_a interest_n much_o high_a than_o it_o be_v now_o as_o well_o as_o the_o parliament_n than_o set_v it_o high_o by_o law_n on_o the_o contrary_a side_n what_o make_v scarcity_n of_o purchaser_n 1._o the_o same_o reason_n ill_a husbandry_n when_o the_o tradesman_n live_v up_o to_o the_o height_n of_o his_o income_n and_o the_o vanity_n of_o expense_n either_o drain_v the_o merchant_n coffer_n or_o keep_v they_o from_o overflow_a he_o seldom_o think_v of_o purchase_v buy_v of_o land_n be_v the_o result_n of_o a_o full_a and_o satiate_v gain_n and_o man_n in_o trade_n seldom_o think_v of_o lay_v out_o their_o money_n upon_o land_n till_o their_o profit_n have_v bring_v they_o in_o more_o than_o their_o trade_n can_v well_o employ_v and_o their_o idle_a bag_n cumbr_v their_o count_a house_n put_v they_o upon_o empty_v they_o on_o a_o purchase_n 2._o another_o thing_n that_o make_v a_o scarcity_n of_o buyer_n of_o land_n be_v doubtful_a and_o ill_a title_n where_o these_o be_v frequent_a and_o fatal_a one_o can_v no_o more_o expect_v that_o man_n who_o have_v money_n shall_v be_v forward_o to_o purchase_v than_o ship_n rich_o lade_v to_o venture_v themselves_o among_o rock_n and_o quicksand_n it_o be_v no_o wonder_n such_o sea_n shall_v not_o be_v much_o frequent_v where_o the_o example_n and_o remain_v of_o daily_a wreck_n show_v the_o â—olly_n and_o hazard_n of_o the_o venture_n in_o the_o number_n of_o those_o who_o have_v miscarry_v 3._o a_o general_a decay_n of_o trade_n discourage_v man_n from_o purchasingâ—_n for_o this_o threaten_v a_o universal_a poverty_n which_o be_v sure_a to_o fall_v first_o and_o heavy_a upon_o land_n the_o merchant_n who_o furnish_v the_o
license_v novemb_n 27._o 1691._o ja._n fraser_n some_o consideration_n of_o the_o consequence_n of_o the_o lower_a of_o interest_n and_o raise_v the_o value_n of_o money_n in_o a_o letter_n to_o a_o member_n of_o parliament_n london_n print_v for_o awnsham_n and_o john_n churchill_n at_o the_o black-swan_n in_o pater-noster-row_n 1692._o sir_n these_o notion_n concern_v coinage_n have_v for_o the_o main_a as_o you_o know_v be_v put_v into_o write_v above_o twelve_o month_n since_o as_o those_o other_o concern_v interest_n a_o great_a deal_n above_o so_o many_o year_n i_o put_v they_o now_o again_o into_o your_o hand_n with_o a_o liberty_n since_o you_o will_v have_v it_o so_o to_o communicate_v they_o far_o as_o you_o please_v if_o upon_o a_o review_n you_o continue_v your_o favourable_a opinion_n of_o they_o and_o nothing_o less_o than_o publishing_n will_v satisfy_v you_o i_o must_v desire_v to_o remember_v that_o you_o must_v be_v answerable_a to_o the_o world_n for_o the_o style_n which_o be_v such_o as_o a_o man_n write_v careless_o to_o his_o friend_n when_o he_o seek_v truth_n not_o ornament_n and_o study_v only_o to_o be_v in_o the_o right_n and_o to_o be_v understand_v i_o have_v since_o you_o see_v they_o last_o year_n meet_v with_o some_o new_a objection_n in_o print_n which_o i_o have_v endeavour_v to_o remove_v and_o particular_o i_o have_v take_v into_o consideration_n a_o print_a sheet_n entitle_v remark_n upon_o a_o paper_n give_v in_o to_o the_o lord_n etc._n etc._n because_o one_o may_v natural_o suppose_v that_o he_o that_o be_v so_o much_o a_o patron_n of_o that_o cause_n will_v omit_v nothing_o that_o can_v be_v say_v in_o favour_n of_o it_o to_o this_o i_o must_v here_o add_v that_o i_o be_o just_a now_o tell_v from_o holland_n that_o the_o state_n find_v themselves_o abuse_v by_o coin_v a_o vast_a quantity_n of_o their_o base_n schillings_n money_n make_v of_o their_o own_o ducatoon_n and_o other_o fine_a silver_n melt_v down_o have_v put_v a_o stop_n to_o the_o minting_n of_o any_o but_o fine_a silver_n coin_n till_o they_o shall_v settle_v their_o mint_n upon_o a_o new_a foot_n i_o know_v the_o sincere_a love_n and_o concern_v you_o have_v for_o your_o country_n put_v you_o constant_o upon_o cast_v about_o on_o all_o hand_n for_o any_o mean_n to_o serve_v it_o and_o will_v not_o suffer_v you_o to_o overlook_v any_o thing_n you_o conceive_v may_v be_v of_o any_o the_o least_o use_n though_o from_o the_o mean_a capacity_n you_o can_v not_o else_o have_v put_v i_o upon_o look_v out_o my_o old_a paper_n concern_v the_o reduce_n of_o interest_n to_o 4_o per_fw-mi cent_z which_o have_v so_o long_o lie_v by_o forget_v upon_o this_o new_a survey_n of_o they_o i_o find_v not_o my_o thought_n now_o to_o differ_v from_o those_o i_o have_v near_o twenty_o year_n since_o they_o have_v to_o i_o still_o the_o appearance_n of_o truth_n nor_o shall_v i_o otherwise_o venture_v they_o so_o much_o as_o to_o your_o sight_n if_o my_o notion_n be_v wrong_a my_o intention_n i_o be_o sure_a be_v right_o and_o whatever_o i_o have_v fail_v in_o i_o shall_v at_o least_o let_v you_o see_v with_o what_o obedience_n i_o be_o sir_n your_o most_o humble_a servant_n nou._n 7._o 1691._o errata_fw-la page_n 3._o l._n 2._o read_v natural_a p._n 9_o l._n 27._o r._n master_n p._n 12._o l._n 13._o r._n natural_a price_n p._n 26._o l._n 16._o r._n of_o 1000_o l._n l._n ult_n r._n clothe_v he_o p._n 48._o l._n 25._o r._n money_n be_v p._n 50._o l._n 19_o r._n to_o their_o p._n 52._o l._n 18._o r._n be_v 9_o 10_o p._n 64._o l._n 13._o r._n a_o quality_n which_o p._n 80._o l._n 14._o r._n natural_a l._n 16._o r._n natural_a p._n 82._o l._n 27._o r._n what_o have_v p._n 91._o l._n ult_n r._n cheap_a p._n 94._o l._n 27._o r._n landholder_n p._n 95._o l._n 6._o r._n all_o as_o â—_o 20._o r._n the_o yearly_a p._n 121._o l._n 6._o r._n mortgagee_n p._n 122._o l._n 23_o r._n and_o pay_v p._n 123._o l._n 27._o r._n other_o conjurer_n p._n 127._o l._n 11._o r._n virgula_fw-la p._n 129._o l._n 3._o r._n this_o present_a year_n 1690._o p._n 137._o l._n ult_n deal_n more_o than_o be_v the_o standard_n of_o our_o other_o money_n p._n â—38_n l._n 11._o r._n these_o species_n p._n 140._o l._n 18._o r._n from_o it_o be_v p._n 141._o l._n 8._o r._n debt_n and_o in_o l._n 9_o r._n rent_n for_o ever_o p._n 147._o l._n 18._o r._n owner_n p._n 153._o l._n ult_n r._n it_o to_o a_o p._n 156._o l._n 29._o r._n raise_v the_o p._n 168._o l._n 10._o r._n rate_v as_o ready_o as_o any_o other_o coin_n l._n 28._o r._n place_n bring_v p._n 169._o l._n 8._o r._n because_o they_o p._n 173._o l._n 7._o r._n by_o the_o ounce_n p._n 174._o l._n 25._o râ—ise_v elsewhereâ—_n â—_z p._n 182._o l._n 2._o â—_o light_a then_o p._n 183._o l._n 12._o r._n own_o coin_n p._n 186._o l._n 23._o â—_o beforehand_o with_o those_o to_o who_o debt_n be_v owe_v sir_n i_o have_v so_o little_o concern_v in_o pay_v or_o receive_v of_o interest_n that_o be_v i_o in_o no_o more_o danger_n to_o be_v mislead_v by_o inability_n and_o ignorance_n than_o i_o be_o to_o be_v bias_v by_o interest_n and_o inclination_n i_o may_v hope_v to_o give_v you_o a_o very_a perfect_a and_o clear_a account_n of_o the_o consequence_n of_o a_o law_n to_o reduce_v interest_n to_o four_o per_fw-la cent._n but_o since_o you_o be_v please_v to_o ask_v my_o opinion_n i_o shall_v endeavour_v fair_o to_o state_n this_o matter_n of_o use_n with_o the_o best_a of_o my_o skill_n the_o first_o thing_n to_o be_v consider_v be_v whether_o the_o price_n of_o the_o hire_n of_o money_n can_v be_v regulate_v by_o law_n and_o to_o that_o i_o think_v general_o speak_v one_o may_v say_v it_o be_v manifest_a it_o can_v for_o since_o it_o be_v impossible_a to_o make_v a_o law_n that_o shall_v hinder_v a_o man_n from_o give_v away_o his_o money_n or_o estate_n to_o who_o he_o please_v it_o will_v be_v impossible_a by_o any_o contrivance_n of_o law_n to_o hinder_v man_n skill_a in_o the_o power_n they_o have_v over_o their_o own_o good_n and_o the_o way_n of_o convey_v they_o to_o other_o to_o purchase_v money_n to_o be_v lend_v they_o at_o what_o rate_v soever_o their_o occasion_n shall_v make_v it_o necessary_a for_o they_o to_o have_v it_o for_o it_o be_v to_o be_v remember_v that_o no_o man_n borrow_v money_n or_o pay_v use_v out_o of_o mere_a pleasure_n it_o be_v the_o want_n of_o money_n drive_v man_n to_o that_o trouble_v and_o charge_n of_o borrow_v and_o proportionable_o to_o this_o want_n so_o will_v every_o one_o have_v it_o whatever_o price_n it_o cost_v he_o wherein_o the_o skilful_a i_o say_v will_v always_o so_o manage_v it_o as_o to_o avoid_v the_o prohibition_n of_o your_o law_n and_o keep_v out_o of_o its_o penalty_n do_v what_o you_o can_v what_o then_o will_v be_v the_o unavoidable_a consequence_n of_o such_o a_o law_n 1._o it_o will_v make_v the_o difficulty_n of_o borrow_v and_o lend_v much_o great_a whereby_o trade_n the_o foundation_n of_o riches_n will_v be_v obstruct_v 2._o it_o will_v be_v a_o prejudice_n to_o none_o but_o those_o who_o most_o need_v assistance_n and_o help_n i_o mean_v widow_n and_o orphan_n and_o other_o uninstruct_v in_o the_o art_n and_o management_n of_o more_o skilful_a man_n who_o estate_n lie_v in_o money_n they_o will_v be_v sure_a especial_o orphan_n to_o have_v no_o more_o profit_n of_o their_o money_n than_o what_o inâ—â—râ—st_v the_o law_n bare_o allow_v 3._o it_o will_v mighty_o increase_v the_o advantage_n of_o banker_n and_o â—eâ—â—veners_n and_o other_o such_o expert_a broker_n who_o skill_v in_o the_o art_n of_o put_v out_o money_o according_a to_o the_o true_a and_o natâ—â—nal_n value_v which_o the_o present_a state_n of_o trade_n money_n and_o debt_n shall_v always_o raise_v interest_n to_o they_o will_v infallible_o get_v what_o the_o true_a value_n of_o interest_n shall_v be_v above_o the_o legal_a for_o man_n find_v the_o convenience_n of_o lodging_n their_o money_n in_o hand_n where_o they_o can_v be_v sure_a of_o it_o at_o short_a warn_v the_o ignorant_a and_o lazy_a will_v be_v forward_a to_o put_v it_o into_o these_o man_n hand_n who_o be_v know_v willing_o to_o receive_v it_o and_o where_o they_o can_v ready_o have_v the_o whole_a or_o a_o part_n upon_o any_o sudden_a occasion_n that_o may_v call_v for_o it_o 4._o i_o fear_v i_o may_v reckon_v it_o as_o one_o of_o the_o probable_a consequence_n of_o such_o a_o law_n that_o it_o be_v likely_a to_o cause_v great_a perjury_n in_o the_o nation_n a_o crime_n than_o which_o nothing_o be_v more_o careful_o to_o be_v prevent_v by_o lawmaker_n not_o only_o by_o
neighbour_n in_o the_o country_n where_o it_o be_v convenient_a for_o trade_n it_o shall_v be_v but_o if_o you_o lessen_v the_o rate_n of_o use_n the_o lender_n who_o interest_n it_o be_v to_o keep_v up_o the_o rate_n of_o money_n will_v rather_o lend_v it_o to_o the_o banker_n at_o the_o legal_a interest_n than_o to_o the_o tradesman_n or_o gentleman_n who_o when_o the_o law_n be_v break_v shall_v be_v sure_a to_o pay_v the_o full_a natural_a interest_n or_o more_o because_o of_o the_o engross_n by_o the_o banker_n as_o well_o as_o the_o risque_n in_o transgress_v the_o law_n whereas_o be_v the_o natural_a use_v suppose_v seven_o per_fw-la cent._n and_o the_o legal_a six_o first_o the_o owner_n will_v not_o venture_v the_o penalty_n of_o the_o law_n for_o the_o gain_v 1_o â—_o part_n that_o be_v the_o utmost_a his_o money_n will_v yield_v nor_o will_v the_o banker_n venture_v to_o borrow_v where_o his_o gain_n will_v be_v but_o one_o per_fw-la cent._n nor_o the_o money_v man_n lend_v he_o what_o he_o can_v make_v better_a profit_n of_o legal_o at_o home_n all_o the_o danger_n lie_v in_o this_o that_o if_o your_o be_v behind_o hand_n have_v make_v the_o natural_a use_n so_o high_a that_o your_o tradesman_n can_v live_v upon_o his_o labour_n but_o that_o your_o rich_a neighbour_n will_v so_o undersell_v you_o that_o the_o return_v you_o make_v will_v not_o amount_v to_o pay_v the_o use_n and_o afford_v a_o livelihood_n there_o be_v no_o way_n to_o recover_v from_o this_o but_o by_o a_o general_a frugality_n and_o industry_n or_o be_v master_n of_o the_o trade_n of_o some_o commodity_n which_o the_o world_n must_v have_v from_o you_o at_o your_o rate_n and_o can_v be_v other_o where_o supply_v now_o i_o think_v the_o natural_a interest_n of_o money_n be_v raise_v two_o way_n first_o when_o the_o money_n of_o a_o country_n be_v but_o little_a in_o proportition_n to_o the_o debt_n of_o the_o inhabitant_n one_o among_o another_o for_o suppose_v 10000_o l._n be_v sufficient_a to_o manage_v the_o trade_n of_o bermuda_n and_o that_o the_o ten_o first_o planter_n carry_v over_o 20000_o l._n which_o they_o lend_v to_o the_o several_a tradesman_n and_o inhabitant_n of_o the_o country_n who_o live_v above_o their_o gain_n have_v spend_v 10000_o l._n of_o this_o money_n and_o it_o werâ—_n go_v out_o of_o the_o island_n it_o be_v evident_a that_o shall_v all_o the_o creditor_n at_o once_o call_v in_o their_o money_n there_o will_v be_v a_o great_a scarcity_n of_o money_n when_o that_o employ_v in_o trade_n must_v be_v take_v out_o of_o the_o tradesmen_n hand_n to_o pay_v debt_n or_o else_o the_o debtor_n want_v money_n and_o be_v expose_v to_o their_o creditor_n 〈…〉_z interest_n will_v be_v high_a but_o this_o sell_v 〈…〉_z ing_z that_o all_o or_o the_o great_a 〈…〉_z creditor_n do_v at_o once_o call_v for_o 〈…〉_z unless_o it_o be_v in_o some_o great_a and_o 〈…〉_z be_v less_o and_o seldome_a seit_n 〈…〉_z unless_o where_o the_o debt_n 〈…〉_z own_o to_o a_o great_a pro_fw-la 〈…〉_z cause_v more_o 〈…〉_z leadeâ—s_v will_fw-ge 〈…〉_z high_a second_o that_o which_o con_fw-mi 〈…〉_z raise_v the_o 〈…〉_z of_o money_n be_v when_o 〈…〉_z to_o the_o trade_n of_o a_o country_n for_o in_o trade_n every_o body_n call_v for_o money_n according_a as_o he_o want_v it_o and_o this_o disproportion_n be_v always_o feel_v for_o if_o englishman_n owe_v in_o all_o but_o one_o million_o and_o there_o be_v a_o million_o of_o money_n in_o england_n the_o money_n will_v be_v well_o enough_o proportionable_a to_o the_o debt_n yet_o if_o two_o million_o be_v necessary_a to_o carry_v on_o the_o trade_n there_o will_v be_v a_o million_o want_v and_o the_o price_n of_o money_n will_v be_v raise_v as_o it_o be_v of_o any_o other_o commodity_n in_o a_o market_n where_o the_o merchandise_n will_v not_o serve_v half_o the_o customer_n and_o there_o be_v two_o buyer_n for_o one_o seller_n it_o be_v in_o vain_a therefore_o to_o go_v about_o effectual_o to_o reduce_v the_o price_n of_o interest_n by_o a_o law_n and_o you_o may_v as_o rational_o hope_v to_o set_v a_o fix_a rate_n upon_o the_o hire_n of_o house_n or_o ship_n as_o of_o money_n he_o that_o want_v a_o vessel_n rather_o than_o lose_v his_o market_n will_v not_o stick_v to_o have_v it_o at_o the_o market_n rate_v and_o find_v way_n to_o do_v it_o with_o security_n to_o the_o owner_n though_o the_o rate_n be_v limit_v by_o a_o law_n and_o he_o that_o want_v money_n rather_o than_o lose_v his_o voyage_n or_o his_o trade_n will_v pay_v the_o natural_a interest_n for_o it_o and_o submit_v to_o such_o way_n of_o conveyance_n as_o shall_v keep_v the_o lender_n out_o of_o the_o reach_n of_o the_o law_n so_o that_o your_o act_n at_o â—est_n will_v serve_v only_o to_o increase_v the_o art_n of_o lend_v but_o not_o at_o all_o lessen_v the_o charge_n of_o the_o borrower_n he_o it_o be_v likely_a shall_v with_o more_o trouble_n and_o go_v far_o about_o pay_v also_o the_o more_o for_o his_o money_n unless_o you_o intend_v to_o break_v in_o only_a upon_o mortgage_n and_o contract_n already_o make_v and_o which_o be_v not_o to_o be_v suppose_v by_o a_o law_n post_fw-la factum_fw-la void_a bargain_n lawful_o make_v and_o give_v to_o richard_n what_o be_v peter_n due_a for_o no_o other_o reason_n but_o because_o one_o be_v borrower_n and_o the_o other_o lender_n but_o suppose_v the_o law_n reach_v the_o intention_n of_o the_o promoter_n of_o it_o and_o that_o this_o act_n be_v so_o contrive_v that_o it_o force_v the_o national_a price_n of_o money_n and_o hinder_v its_o be_v by_o any_o body_n lend_v at_o a_o high_a use_n than_o 4_o l._n per._n cent._n which_o be_v plain_a it_o can_v let_v we_o in_o the_o next_o place_n see_v what_o will_v be_v the_o consequence_n of_o it_o 1._o it_o will_v be_v a_o loss_n to_o widow_n orphan_n and_o all_o those_o who_o have_v their_o estate_n in_o money_n one_o three_o of_o their_o estate_n which_o will_v be_v a_o very_a hard_a case_n upon_o a_o great_a number_n of_o people_n and_o it_o be_v wary_o to_o be_v consider_v by_o the_o wisdom_n of_o the_o nation_n whether_o they_o will_v thus_o at_o one_o blow_n fine_a and_o impoverish_v a_o great_a and_o innocent_a paâ—t_n of_o the_o people_n who_o have_v their_o estatâ—â—_n in_o money_n have_v as_o much_o right_o to_o make_v aâ—_n much_o of_o their_o money_n as_o it_o be_v worth_a for_o more_o they_o can_v as_o the_o landlord_n haâ—_n to_o let_v his_o â—and_n for_o as_o much_o as_o it_o will_v yield_v and_o to_o â—ine_z man_n one_o third_z of_o their_o estate_n without_o any_o crime_n or_o offence_n commit_v seem_v very_o hard_o 2._o as_o it_o will_v be_v a_o considerable_a loss_n and_o injury_n to_o they_o so_o it_o will_v be_v no_o advantage_n at_o all_o to_o the_o kingdom_n for_o so_o trade_n be_v not_o cramp_v and_o the_o exportation_n of_o our_o native_a commodity_n and_o manufacture_n not_o hinder_v it_o will_v be_v no_o matter_n to_o the_o kingdom_n who_o among_o ourselves_o get_v or_o lose_v only_o common_a charity_n teach_v those_o shall_v be_v most_o take_v care_n of_o by_o the_o law_n who_o be_v least_o capable_a of_o take_v care_n for_o themselves_o 3._o it_o will_v be_v a_o gain_n to_o the_o borrow_v merchant_n for_o if_o he_o borrow_v at_o four_o per_fw-la cent_z and_o his_o return_v be_v twelve_o per_fw-la cent._n he_o will_v have_v eight_o per_fw-la cent._n and_o the_o lender_n four_o whereas_o now_o they_o divide_v the_o profit_n equal_o at_o six_o per_fw-la cent._n but_o this_o neither_o get_v nor_o lose_v the_o kingdom_n in_o your_o trade_n suppose_v the_o merchant_n and_o lender_n to_o be_v both_o englishman_n only_o it_o will_v as_o i_o have_v say_v transfer_v a_o three_o part_n of_o the_o moneyed_a man_n estate_n who_o have_v nothing_o else_o to_o live_v on_o into_o the_o merchant_n pocket_n and_o that_o without_o any_o merit_n in_o the_o one_o or_o trangression_n in_o the_o other_o and_o that_o to_o the_o prejudice_n of_o trade_n since_o it_o will_v discourage_v lend_v at_o such_o a_o disproportion_n of_o profit_n to_o risque_n as_o we_o shall_v see_v more_o by_o and_o by_o when_o we_o come_v to_o consider_v of_o what_o consequence_n it_o be_v to_o encourage_v lend_v that_o so_o none_o of_o the_o money_n of_o the_o nation_n may_v lie_v dead_a and_o thereby_o prejudice_v trade_n 4._o it_o will_v hinder_v trade_n for_o there_o be_v a_o certain_a proportion_n of_o money_n necessary_a for_o drive_v such_o a_o proportion_n of_o trade_n so_o much_o money_n of_o this_o as_o lie_v still_o lessen_v so_o much_o of_o the_o trade_n now_o it_o can_v be_v rational_o expect_v but_o that_o where_o the_o venture_n be_v great_a and_o the_o gain_v small_a as_o
not_o like_a to_o be_v find_v in_o the_o practice_n of_o mankind_n since_o navigation_n and_o commerce_n have_v bring_v all_o part_n acquaint_v with_o one_o another_o and_o introduce_v the_o use_n of_o gold_n and_o silver_n money_n into_o all_o trade_n part_n of_o the_o world_n they_o serve_v rather_o to_o give_v we_o some_o light_n into_o the_o nature_n of_o money_n than_o to_o teach_v here_o a_o new_a measure_n of_o traffic_n though_o it_o be_v certain_a that_o that_o part_n of_o the_o world_n which_o breed_v most_o of_o our_o gold_n and_o silver_n use_v least_o of_o it_o in_o exchange_n and_o use_v it_o not_o for_o money_n 17._o that_o therefore_o in_o any_o country_n that_o have_v commerce_n with_o the_o rest_n of_o the_o world_n it_o be_v almost_o impossible_a now_o to_o be_v without_o the_o use_n of_o silver_n coin_n and_o have_v money_n of_o that_o and_o account_n keep_v in_o such_o money_n it_o be_v impossible_a to_o have_v any_o stand_n unalterable_a measure_n of_o the_o value_n of_o thing_n for_o while_o the_o mine_n supply_v to_o mankind_n more_o than_o waste_v and_o consume_v in_o its_o use_n the_o quantity_n of_o it_o will_v daily_o grow_v great_a in_o respect_n of_o other_o commodity_n and_o its_o value_n less_o 18._o that_o in_o a_o country_n that_o have_v open_a commerce_n with_o the_o rest_n of_o the_o world_n and_o use_v money_n make_v of_o the_o same_o material_n with_o their_o neighbour_n any_o quantity_n of_o that_o money_n will_v not_o serve_v to_o drive_v any_o quantity_n of_o trade_n but_o that_o there_o must_v be_v a_o certain_a proportion_n between_o money_n and_o trade_n the_o reason_n whereof_o be_v this_o because_o to_o keep_v your_o trade_n go_v without_o loss_n your_o comodities_n among_o you_o must_v keep_v a_o equal_a or_o at_o least_o near_o the_o price_n of_o the_o same_o species_n of_o commodity_n in_o the_o neighbour_n country_n which_o they_o can_v do_v if_o your_o money_n be_v far_o less_o than_o in_o other_o country_n for_o then_o either_o your_o commodity_n must_v be_v sell_v very_o cheap_a or_o a_o great_a part_n of_o your_o trade_n must_v stand_v still_o there_o not_o be_v money_n enough_o in_o the_o country_n to_o pay_v for_o they_o in_o their_o shift_n of_o hand_n at_o that_o high_a price_n which_o the_o plenty_n and_o consequent_o low_a value_n of_o money_n make_v they_o at_o in_o another_o country_n for_o the_o value_n of_o money_n in_o general_n be_v the_o quantity_n of_o all_o the_o money_n in_o the_o world_n in_o proportion_n to_o all_o the_o trade_n but_o the_o value_n of_o money_n in_o any_o one_o country_n be_v the_o present_a quantity_n of_o the_o current_a money_n in_o that_o country_n in_o proportion_n to_o the_o present_a trade_n suppose_v then_o that_o we_o have_v now_o in_o england_n but_o half_a as_o much_o money_n as_o we_o have_v seven_o year_n ago_o and_o yet_o have_v still_o as_o much_o yearly_a product_n of_o commodity_n as_o many_o hand_n to_o work_v they_o and_o as_o many_o broker_n to_o disperse_v thâ—m_n as_o before_o and_o that_o the_o rest_n of_o the_o world_n we_o trade_n with_o have_v as_o much_o money_n as_o they_o have_v before_o for_o it_o be_v likely_a they_o shall_v have_v more_o by_o our_o moiety_n share_v among_o they_o it_o be_v certain_a that_o either_o half_a our_o rent_n shall_v not_o be_v pay_v half_a our_o commodity_n not_o vent_v and_o half_a our_o labourer_n not_o employ_v and_o so_o half_a the_o trade_n be_v clear_o lose_v or_o else_o that_o every_o one_o of_o these_o must_v receive_v but_o half_a the_o money_n for_o their_o commodity_n and_o labour_n they_o do_v before_o and_o but_o half_a so_o much_o as_o our_o neighbour_n do_v receive_v for_o the_o same_o labour_n and_o same_o natural_a product_n at_o the_o same_o time_n which_o though_o it_o will_v make_v no_o scarcity_n of_o our_o native_a commodity_n among_o we_o yet_o it_o will_v have_v these_o ill_a consequence_n 1._o it_o will_v make_v our_o native_a commodity_n vent_v very_o cheap_a 2._o it_o will_v make_v all_o foreign_a commodity_n very_o dear_a both_o which_o will_v keep_v we_o poor_a for_o the_o merchant_n make_v silver_n and_o gold_n his_o measure_n and_o consider_v what_o the_o foreign_a commodity_n cost_v he_o i._n e._n how_o many_o ounce_n of_o silver_n in_o the_o country_n where_o money_n be_v more_o plenty_n i._n e._n cheaper_o and_o consider_v too_o how_o many_o ounce_n of_o silver_n it_o will_v yield_v he_o in_o another_o country_n will_v not_o part_v with_o it_o here_o but_o for_o the_o same_o quantity_n of_o silver_n or_o as_o much_o as_o that_o silver_n will_v buy_v here_o of_o our_o commodity_n which_o will_v be_v a_o great_a deal_n more_o than_o in_o another_o place_n so_o that_o in_o all_o our_o exchange_n of_o native_a for_o foreign_a commodity_n we_o pay_v double_v the_o value_n that_o any_o other_o country_n do_v where_o money_n be_v in_o great_a plenty_n this_o indeed_o will_v make_v a_o dearness_n and_o in_o time_n a_o scarcity_n of_o foreign_a commodity_n which_o be_v not_o the_o worst_a inconveniency_n that_o it_o bring_v upon_o we_o suppose_v they_o not_o absolute_o necessary_a but_o 3._o it_o endanger_v the_o draw_v away_o our_o people_n both_o handicraft_n mariner_n and_o soldiers_z who_o be_v apt_a to_o go_v where_o their_o pay_n be_v best_a which_o will_v always_o be_v where_o there_o be_v great_a plenty_n of_o money_n and_o in_o time_n of_o war_n must_v needs_o bring_v great_a distress_n 19_o upon_o this_o measure_n too_o it_o be_v that_o the_o variation_n of_o exchange_n of_o money_n between_o several_a country_n do_v somewhat_o depend_v for_o it_o be_v certain_a that_o one_o ounce_n of_o silver_n be_v always_o of_o equal_a value_n to_o another_o ounce_n of_o silver_n consider_v in_o its_o intrinsic_a worth_n or_o in_o reference_n to_o the_o universal_a trade_n of_o the_o world_n but_o it_o be_v not_o of_o the_o same_o value_n at_o the_o same_o time_n in_o several_a part_n of_o the_o world_n but_o be_v of_o most_o worth_a in_o that_o country_n where_o there_o be_v the_o least_o money_n in_o proportion_n to_o its_o trade_n and_o therefore_o man_n may_v afford_v to_o give_v 20_o ounce_n of_o silver_n in_o one_o place_n to_o receive_v 18_o or_o 19_o ounce_n of_o silver_n in_o another_o but_o this_o be_v not_o all_o to_o this_o then_o to_o find_v out_o the_o alteration_n of_o the_o exchange_n the_o overbalance_n of_o the_o trade_n must_v be_v take_v into_o consideration_n and_o these_o two_o together_o regulate_v the_o exchange_n in_o all_o the_o commerce_n of_o the_o world_n and_o in_o both_o the_o increase_n of_o the_o exchange_n i._n e._n receive_v a_o great_a quantity_n of_o silver_n for_o that_o be_v the_o measure_n let_v the_o coin_n or_o the_o denomination_n be_v what_o it_o will_v in_o one_o country_n for_o a_o less_o quantity_n of_o silver_n pay_v in_o another_o country_n depend_v upon_o one_o and_o the_o same_o thing_n viz._n the_o great_a plenty_n of_o money_n in_o one_o country_n than_o in_o the_o other_o only_o with_o this_o difference_n that_o where_o the_o overbalance_n of_o trade_n raise_v the_o exchange_n above_o the_o par_fw-fr there_o it_o be_v the_o plenty_n of_o money_n which_o private_a merchant_n have_v in_o one_o country_n which_o they_o desire_v to_o remove_v into_o another_o but_o where_o the_o riches_n of_o the_o country_n raise_v the_o exchange_n above_o the_o par_fw-fr there_o it_o be_v the_o plenty_n of_o the_o money_n in_o the_o whole_a country_n in_o one_o the_o merchant_n have_v more_o money_n or_o debt_n which_o be_v all_o one_o in_o a_o foreign_a country_n than_o his_o trade_n there_o will_v employ_v and_o so_o be_v willing_a to_o allow_v upon_o exchange_n to_o he_o abroad_o that_o shall_v pay_v he_o ready_a money_n at_o home_n 1_o 2_o 3_o etc._n etc._n per_fw-la cent._n more_o or_o less_o proportionable_o as_o he_o or_o his_o countrymens_n plenty_n of_o ready_a money_n abroad_o the_o danger_n of_o leave_v it_o there_o or_o the_o difficulty_n of_o bring_v it_o home_o in_o specie_fw-la and_o his_o present_a need_n of_o money_n at_o home_n be_v great_a or_o lesi_n in_o the_o other_o the_o whole_a country_n have_v more_o money_n than_o can_v well_o be_v employ_v in_o the_o trade_n thereof_o or_o at_o least_o the_o proportion_n of_o the_o money_n to_o the_o trade_n be_v great_a than_o in_o the_o neighbour_a country_n where_o the_o exchange_n be_v below_o the_o par._n for_o suppose_v the_o balance_n of_o trade_n to_o be_v equal_a between_o england_n and_o holland_n but_o that_o there_o be_v in_o holland_n a_o great_a plenty_n of_o money_n than_o in_o england_n which_o will_v appear_v by_o the_o lowness_n of_o the_o national_a use_v in_o holland_n and_o the_o height_n of_o the_o national_a use_v in_o england_n and_o also_o by_o the_o
quarter_n of_o england_n and_o into_o a_o great_a number_n of_o hand_n according_a to_o the_o exigence_n of_o trade_n if_o money_n be_v to_o be_v hire_v as_o land_n be_v or_o to_o be_v have_v as_o corn_n or_o wool_n from_o the_o owner_n himself_o and_o know_v good_a security_n be_v give_v for_o it_o it_o may_v then_o probable_o be_v have_v at_o the_o market_n which_o be_v the_o true_a rate_v and_o will_v be_v a_o constant_a gauge_v of_o your_o trade_n and_o wealth_n but_o when_o a_o kind_n of_o monopoly_n by_o consent_n have_v put_v this_o general_a commodity_n into_o a_o few_o hand_n it_o may_v need_v regulation_n though_o what_o the_o state_v rate_n of_o interest_n shall_v be_v in_o the_o constant_a change_n of_o affair_n and_o flux_n of_o money_n be_v hard_o to_o determine_v possible_o it_o may_v be_v allow_v as_o a_o reasonable_a proposal_n that_o it_o shall_v be_v within_o such_o bound_n 〈…〉_z quite_o lâ—t_v up_o the_o merchant_n and_o tradesman_n profit_n and_o discourage_v their_o industry_n nor_o on_o the_o other_o hand_n so_o low_a as_o shall_v hinder_v man_n from_o risque_a their_o money_n in_o other_o man_n hand_n and_o so_o rather_o choose_v to_o keep_v it_o out_o of_o trade_n than_o venture_v it_o upon_o so_o small_a profit_n when_o it_o be_v too_o high_a it_o so_o hinder_v the_o merchant_n gain_n that_o he_o will_v not_o borrow_v when_o too_o low_a it_o so_o hinder_v the_o moneyed_a man_n profit_n that_o he_o will_v not_o lend_v and_o both_o these_o way_n it_o be_v a_o hindrance_n to_o trade_n but_o this_o be_v perhaps_o too_o general_a and_o loose_a a_o rule_n let_v i_o add_v that_o if_o one_o will_v consider_v money_n and_o land_n alone_o in_o relation_n one_o to_o another_o perhaps_o it_o be_v now_o at_o six_o per_fw-la cent._n in_o as_o good_a a_o proportion_n as_o be_v possible_a six_o per_fw-la cent._n be_v a_o little_a high_o than_o land_n at_o twenty_o year_n purchase_n which_o be_v the_o rate_v pretty_a near_o that_o land_n have_v general_o carry_v in_o england_n it_o never_o be_v much_o over_o nor_o under_o for_o suppose_v 100_o l._n in_o money_n and_o land_n of_o 5_o l._n per_fw-la annum_fw-la be_v of_o equal_a value_n which_o be_v land_n at_o twenty_o year_n purchase_n it_o be_v necessary_a for_o the_o make_v their_o value_n true_o equal_a that_o they_o shall_v produce_v a_o equal_a income_n which_o the_o 100_o l._n at_o 5_o l._n per_fw-la cent._n interest_n be_v not_o likely_a to_o do_v 1._o because_o of_o the_o many_o and_o sometime_o long_a interval_n of_o barrenness_n which_o happen_v to_o money_n more_o than_o land_n money_n at_o use_n when_o return_v into_o the_o hand_n of_o the_o owner_n usual_o lie_v dead_a there_o till_o he_o get_v a_o new_a tenant_n for_o it_o and_o can_v put_v it_o out_o again_o and_o all_o this_o time_n it_o produce_v nothing_o but_o this_o happen_v not_o to_o land_n the_o grow_a product_n whereof_o turn_v to_o account_v to_o the_o owner_n even_o when_o it_o be_v in_o his_o hand_n or_o be_v allow_v for_o by_o the_o tenant_n antecedent_o to_o his_o enter_v upon_o the_o farm_n for_o though_o a_o man_n who_o borrow_v money_n at_o midsummer_n never_o begin_v to_o pay_v his_o interest_n from_o our_o lady-day_n or_o one_o moment_n backward_o yet_o he_o who_o rent_n a_o farm_n at_o midsummer_n may_v have_v as_o much_o reason_n to_o begin_v his_o rent_n from_o our_o lady-day_n as_o if_o he_o have_v then_o enter_v upon_o it_o beside_o the_o dead_a interval_n of_o cease_v profit_n which_o happen_v to_o money_n more_o than_o land_n there_o be_v another_o reason_n why_o the_o profit_n and_o income_n of_o money_n let_v out_o shall_v be_v a_o little_a high_o than_o that_o of_o land_n and_o that_o be_v because_o money_n out_o at_o interestâ—â—â—s_n â—â—â—s_z a_o great_a risque_n than_o land_n do_v the_o â—oâ—â—ower_n may_v break_v and_o run_v away_o with_o the_o money_n and_o then_o not_o only_o the_o 〈◊〉_d due_a but_o all_o the_o future_a profit_n with_o the_o principal_a be_v lose_v forever_o but_o in_o land_n a_o man_n can_v lose_v but_o the_o rent_n due_a for_o which_o usual_o too_o the_o stock_n upon_o the_o land_n be_v sufficient_a security_n and_o if_o a_o tenant_n run_v away_o in_o arrear_n of_o some_o rent_n the_o land_n remain_v that_o can_v be_v carry_v away_o or_o lose_v shall_v a_o man_n purchase_v good_a land_n in_o middlesex_n of_o 5_o l._n per_fw-la annum_fw-la at_o twenty_o year_n purchase_n and_o other_o land_n in_o rumney-marsh_n or_o elsewhere_o of_o the_o same_o yearly_a value_n but_o so_o situate_v that_o it_o be_v in_o danger_n to_o be_v swallow_v of_o the_o sea_n and_o be_v utter_o lose_v it_o will_v not_o be_v unreasonable_a he_o shall_v expect_v to_o have_v it_o under_o twenty_o year_n purchase_n suppose_v 16_o ½_o this_o be_v to_o bring_v it_o to_o just_a the_o case_n of_o land_n at_o twenty_o year_n purchase_n and_o money_n at_o six_o per_fw-la cent._n where_o the_o uncertainty_n of_o secure_v one_o money_n may_v well_o be_v allow_v that_o advantage_n of_o great_a profit_n and_o therefore_o perhaps_o the_o legal_a interest_n now_o in_o england_n at_o six_o per_fw-la cent_z be_v as_o reasonable_a and_o convenient_a a_o rate_n as_o can_v well_o be_v set_v by_o a_o stand_a rule_n especial_o if_o we_o consider_v that_o the_o law_n require_v not_o a_o man_n to_o pay_v six_o per_fw-la cent_z but_o tie_v up_o the_o lender_n from_o take_v more_o so_o that_o if_o ever_o it_o fall_v of_o itself_o the_o moneyed_a man_n be_v sure_a to_o find_v it_o and_o his_o interest_n will_v be_v bring_v down_o to_o it_o high_a interest_n be_v think_v by_o some_o a_o prejudice_n to_o trade_n but_o if_o we_o will_v look_v back_o we_o shall_v find_v that_o england_n never_o thrive_v so_o well_o nor_o be_v there_o ever_o bring_v into_o england_n so_o great_a a_o increase_n of_o wealth_n since_o as_o in_o queen_n elizabeth_n and_o king_n james_n i._o and_o king_n charles_n i._o time_n when_o money_n be_v at_o 10_o and_o 8_o per_fw-la cent._n i_o will_v not_o say_v high_a interest_n be_v the_o cause_n of_o it_o for_o i_o rather_o think_v that_o our_o thrive_a trade_n be_v the_o cause_n of_o high_a interest_n every_o one_o crave_v money_n to_o employ_v in_o a_o profitable_a commerce_n but_o this_o i_o think_v i_o may_v reasonable_o infer_v from_o it_o that_o lower_v of_o interest_n be_v not_o a_o sure_a way_n to_o improve_v either_o our_o trade_n or_o wealth_n to_o this_o i_o hear_v some_o say_v that_o the_o dutch_a skilful_a in_o all_o art_n of_o promote_a trade_n to_o out_o do_v we_o in_o this_o as_o well_o as_o all_o other_o advancement_n of_o it_o have_v observe_v this_o rule_n that_o when_o we_o fall_v interest_n in_o england_n from_o 10_o to_o 8._o they_o present_o sink_v interest_n in_o holland_n to_o 4_o per_fw-la cent._n and_o again_o when_o we_o lower_v it_o to_o 6_o they_o fall_v it_o to_o 3_o per_fw-la cent._n thereby_o to_o keep_v the_o advantage_n which_o the_o lowness_n of_o interest_n give_v to_o trade_n from_o whence_o these_o man_n ready_o conclude_v that_o the_o fall_n of_o interest_n will_v aâ—â—ance_v trade_n in_o england_n to_o which_o i_o answer_v 1._o that_o this_o look_n like_o a_o argument_n rather_o make_v for_o the_o present_a occasion_n to_o mislead_v those_o who_o be_v credulous_a enough_o to_o swallow_v it_o than_o arise_v from_o 〈◊〉_d reason_n and_o matter_n of_o fact_n for_o if_o lower_a interest_n be_v so_o advantageous_a to_o trade_n why_o do_v the_o dutch_a so_o constant_o take_v their_o measure_n only_o by_o we_o and_o not_o as_o well_o by_o some_o other_o of_o their_o neighbour_n with_o who_o they_o have_v as_o great_a or_o great_a commerce_n than_o with_o we_o this_o be_v enough_o at_o first_o sight_n to_o make_v one_o suspect_v this_o to_o be_v dust_n only_o raise_v to_o throw_v in_o people_n eye_n and_o a_o suggestion_n make_v to_o serve_v a_o purpose_n for_o 2._o it_o will_v not_o be_v find_v true_a that_o when_o we_o abate_v interest_n here_o in_o england_n to_o 8._o the_o dutch_a sink_v it_o in_o holland_n to_o 4_o per_fw-la cent._n by_o law_n or_o that_o there_o be_v any_o law_n make_v in_o holland_n to_o limit_v the_o rate_n of_o interest_n to_o 3_o per_fw-la cent._n when_o we_o reduce_v it_o in_o england_n to_o 6._o it_o be_v true_a john_n de_fw-fr witt_n when_o he_o manage_v the_o affair_n of_o holland_n set_v himself_o to_o lessen_v the_o public_a debt_n and_o have_v actual_o pay_v some_o and_o get_v money_n in_o a_o readiness_n to_o pay_v other_o send_v notice_n to_o all_o the_o creditor_n that_o those_o who_o will_v not_o take_v 4_o per_fw-la cent._n shall_v come_v and_o receive_v their_o money_n the_o creditor_n find_v he_o in_o earnest_n and_o know_v not_o how_o
it_o first_o because_o money_n fail_v and_o fall_v short_a people_n have_v not_o so_o much_o money_n as_o former_o to_o lay_v out_o and_o so_o less_o money_n be_v bring_v to_o market_n by_o which_o the_o price_n of_o thing_n must_v necessary_o fall_v the_o labourer_n feel_v it_o next_o for_o when_o the_o landholder_n rent_n fall_v he_o must_v either_o bate_v the_o labourer_n wage_n or_o not_o employ_v or_o not_o pay_v he_o which_o either_o way_n make_v he_o feel_v the_o want_n of_o money_n the_o merchant_n feel_v it_o last_o for_o though_o he_o sell_v less_o and_o at_o a_o low_a rate_n he_o buy_v also_o our_o native_a commodity_n which_o he_o export_v at_o a_o low_a rate_n too_o and_o will_v be_v sure_a to_o leave_v our_o native_a commodity_n unbought_a upon_o the_o hand_n of_o the_o farmer_n or_o manufacturer_n rather_o than_o export_v they_o to_o a_o market_n which_o will_v not_o afford_v he_o return_v with_o profit_n if_o one_o three_o of_o the_o money_n employ_v 〈◊〉_d trade_n be_v lock_v up_o or_o go_v out_o of_o england_n must_v not_o the_o land-holders_n necessary_o receive_v â…“_n less_o for_o their_o good_n and_o consequent_o their_o rent_n fall_v a_o less_o quantity_n of_o money_n by_o â…“_n be_v to_o be_v distribute_v among_o a_o equal_a number_n of_o receiver_n indeed_o people_n not_o perceive_v the_o money_n to_o be_v go_v be_v apt_a to_o be_v jealous_a one_o of_o another's_o and_o each_o suspect_v another_o inequality_n of_o gain_n to_o rob_v he_o of_o his_o share_n every_o one_o will_v be_v employ_v his_o skill_n and_o power_n the_o best_a he_o can_v to_o retrieve_v it_o again_o and_o to_o bring_v money_n into_o his_o pocket_n in_o the_o same_o plenty_n as_o formerlyâ—_n but_o this_o be_v but_o scramble_n among_o 〈◊〉_d self_n and_o help_v no_o more_o against_o 〈◊〉_d want_n than_o the_o pull_n off_o a_o short_a cover_n let_v will_n among_o child_n that_o lie_v togeâ—ther_o preserve_v they_o all_o from_o the_o colâ—â—_n some_o will_v starve_v unless_o the_o father_n of_o thâ—â—amily_n provide_v better_a and_o enlarge_v 〈◊〉_d scanty_a garment_n this_o pull_v and_o conâ—â—â—_n be_v usual_o between_o the_o land_a man_n arâ—_n the_o merchant_n for_o the_o labourer_n share_n bâ—â—ing_v seldom_o more_o than_o a_o bare_a subsistencâ—_n never_o allow_v that_o body_n of_o man_n time_n 〈◊〉_d opportunity_n to_o raise_v their_o thought_n aboâ—â—_n that_o or_o 〈◊〉_d with_o the_o rich_a 〈◊〉_d theirsâ—_n as_o one_o common_a interest_n unleâ—â—_n when_o some_o common_a and_o great_a distreâ—â—_n unite_n they_o in_o one_o universal_a fermeâ—_n make_v they_o forget_v respect_n and_o embolden_v they_o to_o carve_v to_o their_o want_n 〈◊〉_d arm_v force_n and_o then_o sometime_o the_o break_n in_o upon_o the_o rich_a and_o sweep_v â—_o like_o a_o deluge_n but_o this_o rare_o happen_v 〈◊〉_d in_o the_o maladministration_n of_o neglect_a mis-managed_a government_n the_o usual_a struggle_n and_o contest_v as_o i_o say_v before_o in_o the_o decay_v of_o wealth_n and_o riches_n be_v between_o the_o land_a man_n and_o the_o merchant_n with_o who_o i_o may_v here_o join_v the_o moneyed_a man._n the_o land_a man_n find_v himself_o aggrieve_v by_o the_o fall_n of_o his_o rent_n and_o the_o streightning_n of_o his_o fortune_n and_o think_v the_o merchant_n who_o he_o see_v flourish_v and_o thrive_v eat_v up_o his_o profit_n and_o build_v up_o a_o fortune_n upon_o his_o ruin_n he_o therefore_o endeavour_n by_o law_n to_o keep_v up_o the_o value_n of_o land_n which_o he_o suspect_v lessen_v by_o the_o other_o excess_n of_o profit_n but_o all_o in_o vain_a the_o cause_n be_v mistake_v and_o the_o remedy_n too_o it_o be_v not_o the_o merchant_n nor_o moneyed_a man_n gain_n that_o make_v land_n fall_v but_o the_o loss_n of_o the_o kingdom_n in_o our_o decay_n of_o trade_n which_o the_o land_n always_o first_o feel_v if_o the_o land_a gentleman_n will_v have_v and_o by_o his_o example_n make_v it_o fashionable_a to_o have_v more_o claret_n spiâ—â—_n silk_n and_o other_o foreign_a consumable_a ware_n than_o our_o exportation_n of_o commodity_n do_v exchange_v for_o money_n must_v unavoidable_o follow_v to_o balance_v the_o account_n and_o pay_v the_o debt_n and_o therefore_o i_o fear_v that_o another_o proposal_n i_o hear_v talk_v of_o to_o hinder_v the_o exportation_n of_o mâ—ney_n and_o bullion_n will_v show_v more_o our_o need_n of_o care_n to_o keep_v our_o money_n from_o go_v from_o we_o than_o a_o way_n and_o method_n how_o to_o preserve_v it_o here_o it_o be_v death_n in_o spain_n to_o export_v money_n and_o yet_o they_o who_o furnish_v all_o the_o world_n with_o gold_n and_o silver_n have_v lest_o of_o it_o among_o themselves_o trade_n fetch_v it_o away_o from_o that_o lazy_a and_o indigent_a people_n notwithstanding_o all_o their_o artificial_a and_o force_a contrivance_n to_o keep_v it_o there_o it_o follow_v trade_n against_o the_o rigour_n of_o their_o law_n and_o their_o want_n of_o foreign_a commodity_n make_v it_o open_o be_v carry_v out_o at_o noonday_n nature_n have_v bestow_v mine_n on_o several_a part_n of_o the_o world_n but_o their_o riches_n be_v only_o for_o the_o industrious_a and_o frugal_a whomever_o else_o they_o visit_v it_o be_v with_o the_o diligent_a and_o sober_a only_o they_o stay_v and_o if_o the_o virtue_n and_o provident_a way_n of_o live_v of_o our_o ancestor_n content_a with_o our_o native_a convenience_n of_o life_n without_o the_o costly_a itch_n after_o the_o material_n of_o pride_n and_o luxury_n from_o abroad_o be_v bring_v in_o fashion_n and_o countenance_n again_o among_o we_o this_o alone_a will_v do_v more_o to_o keep_v increase_v our_o wealth_n and_o enrich_v our_o land_n than_o all_o our_o paper_n help_v about_o interest_n money_n bulliâ—n_n etc._n etc._n which_o however_o eager_o we_o may_v catch_v at_o will_v not_o i_o fear_v without_o better_a husbandry_n keep_v we_o from_o sink_v whatever_o contrivance_n we_o may_v have_v recourse_n to_o it_o be_v with_o a_o kingdom_n as_o with_o a_o family_n spend_v less_o than_o our_o own_o commodity_n will_v pay_v for_o be_v the_o sure_a and_o only_a way_n for_o the_o nation_n to_o grow_v rich._n and_o when_o that_o begin_v once_o serious_o to_o be_v consider_v and_o our_o face_n and_o step_n be_v in_o earnest_n turn_v that_o way_n we_o may_v hope_v to_o have_v our_o rent_n rise_v and_o the_o public_a stock_n thrive_v again_o till_o then_o we_o in_o vain_a i_o fear_v endeavour_v with_o noise_n and_o weapon_n of_o law_n to_o drive_v the_o wolf_n from_o our_o own_o to_o one_o another_o door_n the_o breed_n ought_v to_o be_v extirpate_v out_o of_o the_o island_n for_o want_v bring_v in_o by_o ill_a management_n and_o nurse_v up_o by_o expensive_a vanity_n will_v make_v the_o nation_n poor_a and_o spare_v no_o body_n if_o three_o million_o be_v necessary_a for_o the_o carry_v on_o the_o trade_n of_o england_n whereof_o one_o million_o be_v for_o the_o land-holder_n to_o maintain_v he_o another_o be_v for_o the_o payment_n of_o the_o labourer_n and_o handicraftsman_n and_o the_o three_o be_v the_o share_n of_o the_o broker_n come_v to_o they_o for_o their_o care_n and_o pain_n in_o distribute_v if_o one_o million_o of_o this_o money_n be_v go_v out_o of_o the_o kingdom_n must_v not_o there_o be_v â…“_n part_v less_o to_o be_v share_v among_o they_o for_o the_o product_n of_o their_o land_n their_o labour_n and_o their_o distribution_n i_o do_v not_o say_v they_o will_v feel_v it_o at_o the_o same_o time_n but_o the_o landholder_n have_v nothing_o but_o what_o the_o product_n of_o his_o land_n will_v yield_v and_o the_o buyer_n according_a to_o the_o plenty_n or_o scarcity_n of_o money_n he_o have_v always_o set_v the_o price_n upon_o what_o be_v offer_v to_o sale_n the_o land-holder_n must_v be_v content_a to_o take_v the_o market-rate_a for_o what_o he_o bring_v thither_o which_o always_o follow_v the_o scarcity_n or_o plenty_n of_o money_n if_o any_o part_n of_o our_o money_n be_v go_v he_o be_v sure_o first_o to_o find_v it_o in_o the_o price_n of_o his_o commodity_n for_o the_o broker_n and_o merchant_n though_o he_o sell_v cheap_a yet_o he_o buy_v cheap_a too_o and_o he_o will_v be_v sure_a to_o get_v by_o his_o return_v or_o let_v alone_o a_o commodity_n which_o will_v not_o produce_v he_o gain_n and_o whatsoever_o be_v so_o let_v alone_o and_o leave_v upon_o hand_n always_o turn_v to_o the_o land-holders_n loss_n suppose_v that_o of_o our_o woollen_a manufacture_n foreign_a market_n take_v off_o one_o half_a and_o the_o other_o half_o be_v consume_v among_o ourselves_o if_o a_o sensible_a part_n as_o â…“_n of_o our_o money_n be_v go_v and_o so_o man_n have_v equal_o â…“_n less_o than_o they_o have_v for_o it_o be_v certain_a it_o must_v be_v tantamount_n and_o what_o i_o escape_v of_o â…“_n less_o another_o
be_v lay_v on_o high_a or_o low_a interest_n 4._o interest_n be_v so_o high_a prevent_v the_o build_n of_o ship_n which_o be_v the_o strength_n and_o safety_n of_o our_o island_n mâ—st_a merchant_n ship_n be_v build_v in_o holland_n answ._n though_o this_o argument_n be_v now_o go_v such_o ship_n be_v prohibit_v by_o a_o law_n i_o will_v help_v the_o author_n to_o one_o as_o good_a the_o duâ—ch_n buy_v our_o rape-seed_n make_v it_o into_o oil_n bring_v it_o back_o to_o we_o and_o sell_v it_o with_o advantage_n this_o may_v be_v as_o well_o say_v to_o be_v from_o high_a interest_n here_o and_o low_a there_o but_o the_o truth_n be_v the_o industry_n and_o frugality_n of_o that_o people_n make_v they_o content_a to_o work_v cheap_a and_o sell_v at_o less_o profit_n than_o their_o neighbour_n and_o so_o get_v the_o trade_n from_o they_o 5._o the_o high_a râ—te_n of_o usury_n make_v land_n sell_v so_o cheap_a be_v nâ—t_a worth_n more_o than_o 14_o or_o 15_o year_n purchase_n whereas_o in_o holland_n where_o interest_n be_v at_o 6_o it_o be_v worth_a above_o 25._o so_o that_o a_o low_a interest_n raise_v the_o price_n of_o land_n where_o money_n be_v dear_a land_n be_v cheap_a ans._n this_o argument_n plain_o confess_v that_o there_o be_v something_o else_o regulate_v the_o price_n of_o land_n beside_o the_o rate_n of_o interest_n else_o when_o money_n be_v at_o 10_o per_fw-mi cent_z here_o land_n shall_v have_v be_v at_o 10_o year_n purchase_n whereas_o he_o confess_v it_o then_o to_o have_v be_v at_o 14_o or_o 15._o one_o may_v suppose_v to_o favour_v his_o hypothesis_n he_o be_v not_o forward_o to_o speak_v the_o most_o of_o it_o and_o interest_n as_o he_o say_v being_z at_z 6_o per_fw-mi cent_z in_o holland_n land_n there_o shall_v have_v sell_v by_o that_o rule_n for_o 16_o â—_o â—_o year_n purchase_v whereas_o he_o say_v it_o be_v worth_a about_o 25._o and_o mr._n manly_n say_v p._n 33._o that_o 〈◊〉_d in_o france_n be_v at_o 7_o per_fw-mi cent_z noble_a 〈…〉_z 4_o and_o 35_o year_n purchase_n and_o 〈◊〉_d land_n for_o 25._o so_o that_o the_o true_a 〈…〉_z from_o hence_o be_v not_o what_o our_o 〈…〉_z that_o it_o be_v not_o the_o legal_a 〈…〉_z something_o else_o that_o govern_v the_o 〈◊〉_d of_o land_n i_o grant_v his_o position_n that_o 〈…〉_z but_o it_o must_v be_v so_o by_o the_o natural_a not_o legal_a interest_n for_o where_o money_n will_v be_v lend_v on_o good_a security_n at_o 4_o or_o 5_o per_fw-mi cent_z it_o be_v a_o demonstration_n that_o there_o be_v more_o than_o will_v be_v venture_v on_o ordinary_a credit_n in_o trade_n and_o when_o this_o plenty_n become_v general_a it_o be_v a_o sign_n there_o be_v more_o money_n than_o can_v be_v employ_v in_o trade_n which_o can_v but_o put_v many_o upon_o seek_v purchase_n to_o lay_v it_o out_o in_o land_n and_o so_o raise_v the_o price_n of_o land_n by_o make_v more_o buyer_n than_o seller_n 6._o it_o be_v not_o probable_a lender_n will_v call_v in_o their_o money_n when_o they_o can_v make_v great_a interest_n any_o where_o beside_o their_o security_n upon_o lâ—nd_n will_v be_v better_o answ._n some_o unskilful_a and_o timorous_a man_n will_v call_v in_o their_o money_n other_o put_v it_o into_o the_o banker_n hand_n but_o the_o banker_n and_o skilful_a will_v keep_v it_o up_o and_o not_o lend_v it_o but_o at_o the_o natural_a use_n as_o we_o have_v show_v but_o how_o security_n will_v beâ—ne_v eâ—dâ—d_v by_o lower_v of_o interest_n be_v i_o confess_v beyond_o my_o comprehension_n of_o raise_v our_o coin_n be_v now_o upon_o the_o consideration_n of_o interest_n and_o money_n give_v i_o leave_v to_o say_v one_o word_n more_o on_o this_o occasion_n which_o may_v not_o be_v whole_o unseasonable_a at_o this_o time_n i_o hear_v a_o talk_v up_o and_o down_o of_o raise_v our_o money_n as_o a_o mean_n to_o retain_v our_o wealth_n and_o keep_v our_o money_n from_o be_v carry_v away_o i_o wish_v those_o that_o use_v the_o phrase_n of_o raise_v our_o money_n have_v some_o clear_a notion_n annex_v to_o it_o and_o that_o then_o they_o will_v examine_v whether_o that_o be_v true_a it_o will_v at_o all_o serve_v to_o those_o end_n for_o which_o it_o be_v propose_v the_o raise_n of_o mâ—nâ—y_n than_o signify_v one_o of_o these_o two_o thing_n either_o raise_v the_o value_n of_o our_o money_n or_o raise_v the_o denomination_n of_o our_o coin_n the_o raise_n of_o the_o value_n of_o money_n or_o any_o thing_n else_o be_v nothing_o but_o the_o make_v a_o less_o quantity_n of_o it_o exchange_v for_o any_o other_o thing_n than_o will_v have_v be_v take_v for_o it_o before_o v_o g._n if_o 5_o s._n will_v exchange_n for_o or_o as_o we_o call_v it_o buy_v a_o bushel_n of_o wheat_n if_o you_o can_v make_v 4_o s._n buy_v another_o bushel_n of_o the_o same_o wheat_n it_o be_v plain_a the_o value_n of_o your_o money_n be_v raise_v in_o respect_n of_o wheat_n â…•_n but_o thus_o nothing_o can_v raise_v or_o fall_v the_o value_n of_o your_o money_n but_o the_o proportion_n of_o its_o plenty_n or_o scarcity_n in_o proportion_n to_o the_o plenty_n scarcity_n or_o vent_v of_o any_o other_o commodity_n with_o which_o you_o compare_v it_o or_o for_o which_o you_o will_v exchange_v it_o and_o thus_o silver_n which_o make_v the_o inâ—â—ntick_a value_n of_o money_n compare_v with_o itself_o under_o any_o stamp_n or_o denomination_n of_o the_o same_o or_o different_a country_n can_v be_v raise_v for_o a_o ounce_n of_o silver_n whether_o in_o pâ—neâ—_n gâ—oâ—â—â—â—_n â—_z or_o crâ—wn_v piece_n stivers_n or_o duâ—â—tâ—â—ns_n or_o in_o bullion_n be_v and_o always_o eternal_o will_v be_v of_o equal_a value_n to_o any_o other_o ounce_n of_o siâ—ver_n under_o what_o stamp_n or_o denomination_n soever_o unless_o it_o can_v be_v show_v that_o any_o stamp_n can_v add_v any_o new_a and_o better_a 〈…〉_z parcel_n of_o silver_n which_o 〈…〉_z of_o silver_n 〈◊〉_d 〈◊〉_d therefore_o 〈…〉_z of_o equal_a value_n to_o silver_n 〈…〉_z coin_n come_v 〈◊〉_d with_o 〈…〉_z less_o or_o equal_a 〈…〉_z or_o equal_a silveâ—_n 〈◊〉_d and_o 〈…〉_z can_v by_o no_o 〈…〉_z your_o money_n 〈…〉_z of_o the_o world_n 〈…〉_z be_v aâ—oyâ—d_v 〈…〉_z so_o much_o silver_n alloy_v or_o mix_v with_o base_a metal_n because_o beside_o the_o weight_n of_o the_o silver_n those_o who_o have_v need_v of_o fine_a i._n e._n unmixed_a silver_n as_o gilder_n wire-drawer_n etc._n etc._n must_v according_o to_o their_o need_n beside_o a_o equal_a weight_n of_o silver_n mix_v with_o other_o metal_n give_v a_o overplus_n to_o reward_v the_o refiner_n skill_n and_o pain_n and_o in_o this_o case_n fine_a silver_n and_o alloy_v or_o mix_v silver_n be_v consider_v as_o two_o distinct_a commodity_n but_o no_o money_n be_v coin_v of_o pure_a fine_a silver_n this_o concern_v not_o the_o value_n of_o money_n at_o all_o wherein_o a_o equal_a quantity_n of_o silver_n be_v always_o the_o same_o value_n with_o a_o equal_a quantity_n of_o silver_n let_v the_o stamp_n or_o denomination_n be_v what_o it_o will_n all_o then_o that_o can_v be_v do_v in_o this_o great_a mystery_n of_o raise_v money_n be_v only_o to_o alter_v 〈…〉_z and_o call_v that_o a_o crown_n now_o which_o before_o by_o the_o law_n be_v but_o a_o part_n of_o a_o crown_n for_o example_n suppose_v according_a to_o the_o standard_n of_o our_o law_n 5_o â—_o or_o a_o crown_n be_v to_o weigh_v a_o ounce_n as_o it_o do_v now_o want_v 18_o grain_n whereof_o â—_o ½_o be_v copper_n and_o 11_o 12_o silver_n for_o there_o about_o it_o be_v it_o be_v plain_a here_o it_o be_v the_o quantity_n of_o silver_n give_v the_o value_n to_o it_o for_o let_v another_o piece_n be_v coin_v of_o the_o same_o weight_n wherein_o half_o the_o silver_n be_v take_v out_o and_o copper_n or_o other_o alloy_n put_v into_o the_o place_n every_o one_o know_v it_o will_v be_v worth_a but_o half_a as_o much_o for_o the_o value_n of_o the_o alloy_n be_v so_o inconsiderable_a as_o not_o to_o be_v reckon_v this_o crown_n now_o must_v be_v raisedâ—_n and_o from_o henceforth_o our_o crown_n piece_n coin_v 1_o 20_o light_a than_o a_o ounce_n which_o be_v nothing_o but_o change_v the_o denomination_n call_v that_o a_o crown_n now_o which_o yesterday_o be_v but_o a_o part_n viz._n 19_o 20_o of_o a_o crown_n whereby_o you_o have_v only_o raise_v 19_o part_n to_o the_o denomination_n former_o give_v to_o 20._o for_o i_o think_v no_o body_n can_v be_v so_o senseless_a as_o to_o imagine_v that_o 19_o grain_n or_o ounce_n of_o silver_n can_v be_v raise_v to_o the_o value_n of_o 20_o or_o that_o 19_o gr._n or_o ounce_n of_o silver_n shall_v at_o the_o same_o time_n exchange_v for_o or_o buy_v as_o much_o corn_n oil_n or_o wine_n as_o 20_o which_o be_v to_o raise_v
they_o receive_v into_o ducatoon_n whereby_o they_o carry_v home_n more_o silver_n than_o if_o they_o have_v take_v they_o payment_n in_o three_o guilder_n piâ—ces_n or_o any_o other_o species_n thus_o ducatoon_n become_v scarce_o so_o that_o now_o he_o that_o will_v be_v pay_v in_o ducatoon_n must_v allow_v ½_o per_fw-la cent_z for_o they_o and_o therefore_o the_o merchant_n when_o they_o sell_v any_o thing_n now_o either_o make_v their_o bargain_n to_o be_v pay_v in_o ducatoon_n or_o if_o they_o contract_v for_o guilder_n in_o general_a which_o will_v be_v sure_a to_o be_v pay_v they_o in_o the_o base_a money_n of_o the_o country_n they_o raise_v the_o price_n of_o their_o commodity_n according_o by_o this_o example_n in_o a_o neighbour_n country_n we_o may_v see_v how_o our_o new_a milled_a money_n go_v away_o when_o foreign_a trade_n import_v more_o than_o our_o commodity_n will_v pay_v for_o it_o be_v certain_a we_o must_v contract_v debt_n beyond_o sea_n and_o those_o must_v be_v pay_v with_o money_n when_o either_o we_o can_v furnish_v or_o they_o will_v not_o take_v our_o good_n to_o discharge_v they_o to_o have_v money_n beyond_o sea_n to_o pay_v our_o debt_n when_o our_o commodity_n do_v not_o raise_v it_o there_o be_v no_o other_o way_n but_o to_o send_v it_o thither_o and_o since_o a_o weighty_a crown_n cost_v no_o more_o here_o than_o a_o light_a one_o and_o our_o coin_n beyond_o sea_n be_v value_v no_o otherwise_o than_o according_a to_o the_o quantity_n of_o silver_n it_o have_v in_o it_o whether_o we_o send_v it_o in_o specie_fw-la or_o whether_o we_o melt_v it_o down_o here_o to_o send_v it_o in_o bullion_n which_o be_v the_o safe_a way_n as_o be_v not_o prohibit_v the_o weighty_a be_v sure_a to_o go_v but_o when_o so_o great_a a_o quantity_n of_o your_o money_n be_v clip_v or_o so_o great_a a_o part_n of_o your_o weighty_a money_n be_v carry_v away_o that_o the_o foreign_a merchant_n or_o his_o factor_n here_o can_v have_v his_o price_n pay_v in_o weighty_a money_n or_o such_o as_o will_v easy_o be_v change_v into_o it_o than_o every_o one_o will_v see_v when_o man_n will_v no_o long_o take_v five_o clip_v shilling_n for_o a_o mill_v or_o weighty_a crown_n that_o it_o be_v the_o quantity_n of_o silver_n that_o buy_v commodity_n and_o pay_v debt_n and_o not_o the_o stamp_n and_o denomination_n which_o be_v put_v upon_o it_o and_o then_o too_o it_o will_v be_v see_v what_o a_o robbery_n be_v commit_v on_o the_o public_a by_o clip_v every_o grain_n diminish_v from_o the_o just_a weight_n of_o our_o money_n be_v so_o much_o loss_n to_o the_o nation_n which_o will_v one_o time_n or_o other_o be_v sensible_o feel_v and_o which_o if_o it_o be_v not_o take_v care_n of_o and_o speedy_o stop_v will_n in_o that_o enormous_a course_n it_o be_v now_o in_o quick_o i_o fear_v break_v out_o into_o open_a ill_a effect_n and_o at_o one_o blow_n deprive_v we_o of_o a_o great_a part_n perhaps_o near_o ¼_n of_o our_o money_n for_o that_o will_v be_v real_o the_o case_n when_o the_o increase_n of_o clip_v money_n make_v it_o hard_o to_o get_v weighty_a and_o man_n begin_v to_o put_v a_o difference_n of_o value_n between_o that_o which_o be_v weighty_a and_o light_a money_n and_o will_v not_o sell_v their_o commodity_n but_o for_o money_n that_o be_v weight_n and_o will_v according_o make_v their_o bargain_n let_v the_o country_n gentleman_n when_o it_o come_v to_o that_o pass_n consider_v what_o the_o decay_n of_o his_o estate_n will_v be_v when_o receive_v his_o rent_n in_o the_o tale_n of_o clip_v shillingsâ—_n according_a to_o his_o bargain_n he_o can_v get_v they_o to_o pass_v at_o market_n for_o more_o than_o their_o weight_n and_o he_o that_o sell_v he_o salt_n or_o silk_n will_v bargain_n for_o 5_o s._n such_o a_o quantity_n if_o he_o pay_v he_o in_o fair_a weighty_a coin_n but_o in_o clip_v money_n he_o will_v not_o take_v under_o 5_o s._n 3_o d._n here_o you_o see_v you_o have_v your_o money_n without_o this_o new_a trick_n of_o coinage_n raise_v 5_o per_fw-la cent._n but_o whether_o to_o any_o advantage_n of_o the_o kingdom_n i_o leave_v every_o one_o to_o judge_v hitherto_o we_o have_v only_o consider_v the_o râ—isiâ—g_n of_o silver_n câ—in_n and_o that_o have_v be_v only_o by_o coin_v it_o with_o lesâ—_n silver_n in_o it_o under_o the_o same_o denomination_n there_o be_v another_o way_n yet_o of_o raise_v money_n which_o have_v something_o more_o of_o reality_n though_o as_o little_a good_a as_o the_o former_a in_o it_o which_o now_o that_o we_o be_v upon_o the_o chapter_n of_o raise_v of_o money_n it_o may_v not_o be_v amiss_o to_o mention_v and_o that_o be_v when_o either_o of_o the_o two_o rich_a metal_n which_o money_n be_v usual_o make_v of_o be_v by_o law_n raise_v above_o its_o natural_a value_n in_o respect_n of_o the_o other_o gold_n and_o silver_n have_v in_o almost_o all_o age_n and_o part_n of_o the_o world_n where_o money_n be_v use_v general_o be_v think_v the_o fit_a material_n to_o make_v it_o of_o but_o there_o be_v a_o great_a disproportion_n in_o the_o plenty_n of_o these_o metal_n in_o the_o world_n one_o have_v always_o be_v value_v much_o high_a than_o the_o other_o so_o that_o one_o ounce_n of_o gold_n have_v exchange_v for_o several_a ounce_n of_o silver_n as_o at_o present_a our_o guinea_n pass_v for_o 21_o s._n 6_o d._n in_o silver_n gold_n be_v now_o about_o 15_o ½_o time_n more_o worth_a than_o silver_n there_o be_v about_o 15_o ½_o time_n more_o silver_n in_o 21_o s._n 6_o d._n than_o there_o be_v gold_n in_o a_o guinea_n this_o be_v now_o the_o market_n rate_v of_o gold_n to_o silver_n if_o by_o a_o establish_a law_n the_o rate_n of_o guinea_n shall_v be_v set_v high_a as_o to_o 22_o s._n and_o 6_o d._n they_o will_v be_v raise_v indeed_o but_o to_o the_o loss_n of_o the_o kingdom_n for_o by_o this_o law_n gold_n be_v raise_v 5_o per_fw-mi cent_z above_o its_o natural_a true_a value_n foreigner_n will_v find_v it_o worth_a while_n to_o send_v their_o gold_n hither_o and_o so_o fetch_v away_o your_o silver_n at_o 5_o per_fw-mi cent_z profit_n and_o so_o much_o loss_n to_o you_o for_o when_o so_o much_o gold_n as_o will_v purchase_v but_o 100_o ounce_n of_o silver_n any_o where_o else_o will_v in_o england_n purchase_v the_o merchant_n 105_o ounce_n what_o shall_v hinder_v he_o from_o bring_v his_o gold_n to_o so_o good_a a_o market_n and_o eiâ—her_o sell_v it_o at_o the_o mint_n where_o it_o will_v yield_v so_o much_o or_o have_v it_o coin_v into_o guinea_n either_o go_v with_o they_o to_o market_n with_o that_o advantage_n of_o 5_o per_fw-mi cent_z in_o the_o very_a sort_n of_o his_o money_n or_o change_v they_o into_o silver_n and_o carry_v that_o away_o with_o he_o on_o the_o other_o side_n if_o by_o a_o law_n you_o will_v raise_v your_o silver_n money_n and_o make_v 4_o crown_n or_o 20_o s._n in_o silver_n equal_a to_o a_o guinea_n at_o which_o rate_n i_o suppose_v it_o be_v first_o coin_v so_o that_o by_o your_o law_n a_o guinea_n shall_v pass_v but_o for_o 20_o s._n the_o same_o inconvenience_n will_v follow_v for_o than_o stranger_n will_v bring_v in_o silver_n and_o carry_v away_o your_o gold_n which_o be_v to_o be_v have_v here_o at_o a_o low_a rate_n than_o any_o where_o else_o if_o you_o say_v that_o this_o inconvenience_n be_v not_o to_o be_v fear_v for_o that_o as_o soon_o as_o people_n find_v that_o gold_n begin_v to_o grow_v scarce_o or_o that_o it_o be_v more_o worth_a than_o the_o law_n set_v upon_o it_o they_o will_v not_o then_o part_v with_o it_o at_o the_o statute-rate_n as_o we_o see_v the_o broad_a piece_n that_o be_v coin_v in_o k._n james_n i._o time_n for_o 20_o s._n no_o body_n will_v now_o part_v with_o under_o 23_o s._n or_o more_o according_a to_o the_o market_n value_n this_o i_o grant_v be_v true_a and_o it_o do_v plain_o confess_v the_o foolishness_n of_o make_v a_o law_n which_o can_v produce_v the_o effect_n it_o be_v make_v for_o as_o indeed_o it_o will_v not_o when_o you_o will_v raise_v the_o price_n of_o silver_n in_o respect_n of_o gold_n above_o its_o natural_a market_n value_n for_o then_o as_o we_o see_v in_o our_o gold_n the_o price_n of_o it_o will_v raise_v its_o self_n but_o on_o the_o other_o side_n if_o you_o shall_v by_o a_o law_n set_v the_o value_n of_o gold_n above_o its_o 〈◊〉_d than_o people_n will_v be_v bind_v to_o receive_v it_o at_o that_o high_a rate_n and_o so_o part_v with_o their_o silver_n at_o a_o under_o value_n but_o suppose_v that_o have_v a_o mind_n to_o raise_v your_o silver_n in_o respect_n of_o 〈◊〉_d for_o when_o you_o will_v raise_v the_o value_n
lose_a trade_n contract_v debt_n with_o our_o neighbour_n they_o will_v put_v a_o great_a value_n on_o our_o silver_n and_o more_o money_n will_v be_v get_v by_o transport_v silver_n than_o any_o thing_n can_v be_v send_v which_o come_v about_o thus_o suppose_v that_o by_o a_o overbalance_n of_o their_o trade_n whether_o by_o a_o sale_n of_o pepper_n spice_n and_o other_o east-india_n commodity_n it_o matter_n not_o we_o have_v receive_v great_a quantity_n of_o good_n within_o these_o two_o or_o three_o month_n from_o hâ—lland_n and_o send_v but_o little_a thither_o so_o that_o the_o account_n balance_v between_o the_o inhabitant_n of_o england_n and_o the_o unite_a province_n we_o of_o england_n be_v a_o million_o in_o their_o debt_n what_o will_v follow_v from_o hence_o this_o that_o these_o dutch_a creditor_n desire_v to_o have_v what_o be_v due_a to_o they_o give_v order_n to_o their_o factor_n and_o correspondent_n here_o to_o return_v it_o they_o for_o inquire_v as_o we_o do_v what_o be_v the_o effect_n of_o a_o overbalance_n of_o trade_n we_o must_v not_o suppose_v they_o invest_v their_o debt_n in_o commodity_n and_o return_v their_o effect_n that_o way_n a_o million_o then_o be_v to_o be_v return_v from_o england_n to_o holland_n in_o money_n every_o one_o seek_v bill_n of_o exchange_n but_o englishman_n not_o have_v debt_n in_o holland_n to_o answer_v this_o million_o or_o any_o the_o least_o part_n of_o it_o bill_n be_v not_o to_o be_v get_v this_o present_o make_v the_o exchange_n very_o high_a upon_o which_o the_o banker_n etc._n etc._n who_o have_v the_o command_n of_o great_a quantity_n of_o money_n and_o bullion_n send_v that_o away_o to_o holland_n in_o specie_fw-la and_o so_o take_v money_n here_o to_o pay_v it_o again_o there_o upon_o their_o bill_n at_o such_o a_o rate_n of_o exchange_n as_o give_v they_o five_o ten_o fifteen_o etc._n etc._n per_fw-la cent._n profit_n and_o thus_o sometime_o a_o 5_o s._n piece_n of_o our_o milled_a money_n may_v true_o be_v say_v to_o be_v worth_a 5_o s._n 3_o d._n 4_o d._n 6_o d._n 9_o d._n in_o holland_n and_o if_o this_o be_v the_o great_a value_n of_o silver_n in_o this_o part_n of_o the_o world_n i_o easy_o grant_v it_o he_o but_o this_o great_a value_n be_v to_o be_v remedy_v not_o by_o the_o alteration_n of_o our_o mint_n but_o by_o the_o regulation_n and_o balance_n of_o our_o trade_n for_o be_v your_o coin_n what_o it_o will_v our_o neighbour_n if_o they_o overbalance_n we_o in_o trade_n will_v not_o only_o have_v a_o great_a value_n for_o our_o silver_n but_o get_v it_o too_o and_o there_o will_v be_v more_o to_o be_v get_v by_o export_v silver_n to_o they_o than_o by_o any_o other_o thing_n can_v be_v send_v remark_n the_o alteration_n of_o the_o coin_n in_o spain_n and_o portugal_n be_v no_o way_n at_o all_o like_a this_o for_o there_o they_o alter_v in_o denomination_n near_o half_a to_o deceive_v those_o they_o pay_v with_o pay_v those_o to_o who_o they_o owe_v one_o ounce_n of_o silver_n but_o half_o a_o ounce_n for_o it_o but_o in_o the_o alteration_n here_o design_v to_o whoever_o a_o ounce_n of_o silver_n be_v owe_v a_o ounce_n will_v be_v pay_v in_o this_o money_n it_o be_v here_o only_o design_v that_o a_o ounce_n of_o money_n shall_v equal_v a_o ounce_n of_o silver_n in_o value_n at_o home_n as_o well_o as_o abroad_o which_o now_o it_o do_v not_o answer_n in_o this_o paragraph_n the_o author_n confess_v the_o alteration_n of_o the_o coin_n in_o spain_n and_o portugal_n be_v a_o cheat_n but_o the_o alteration_n here_o design_v he_o say_v be_v not_o but_o the_o reason_n he_o give_v for_o it_o be_v admirable_a viz._n because_o they_o there_o alter_v in_o denomination_n near_o half_a and_o here_o the_o denomination_n be_v alter_v but_o 5_o per_fw-mi cent_z for_o so_o in_o truth_n it_o be_v whatever_o be_v design_v as_o if_o 50_o per_fw-la cent_z be_v a_o cheat_n but_o 5_o per_fw-mi cent_z be_v not_o because_o perhaps_o less_o perceivable_a for_o the_o two_o thing_n that_o be_v pretend_v to_o be_v do_v here_o by_o this_o new_a coinage_n i_o fear_v will_n both_o fail_v viz._n 1._o that_o to_o who_o 〈◊〉_d a_o ounce_n of_o silver_n be_v owe_v a_o ounce_n 〈◊〉_d silver_n shall_v be_v pay_v in_o this_o money_n for_o when_o a_o ounce_n of_o silver_n be_v coin_v as_o be_v propose_v into_o 5_o s._n 5_o d._n which_o be_v to_o make_v our_o money_n 5_o per_fw-la cent._n high_o than_o it_o be_v now_o i_o that_o be_o to_o receive_v a_o 100_o l._n per_fw-la annum_fw-la fee_fw-mi farm_n rent_n shall_v i_o in_o this_o new_a money_n receive_v 105_o l._n or_o bare_o 100_o l._n the_o first_o i_o think_v will_v not_o be_v say_v for_o if_o by_o law_n you_o have_v make_v it_o 100_o l._n it_o be_v certain_a the_o tenant_n will_v pay_v i_o no_o more_o if_o you_o do_v not_o mean_v that_o 400_o crown_n or_o 2000_o shilling_n of_o your_o new_a coin_n shall_v be_v a_o 100_o l._n but_o there_o must_v be_v 5_o per_fw-mi cent_z in_o tale_n add_v to_o every_o 100_o you_o be_v at_o the_o charge_n of_o new_a coinage_n to_o no_o other_o purpose_n but_o to_o breed_v confusion_n if_o i_o must_v receive_v 100_o l_o by_o tale_n of_o this_o new_a money_n for_o my_o fee_fw-mi farm_n rent_n it_o be_v demonstration_n that_o i_o lose_v five_o ounce_n per_fw-la cent_z of_o the_o silver_n be_v due_a to_o i_o this_o a_o little_a low_o he_o confess_v in_o these_o word_n that_o where_o a_o man_n have_v a_o rent-sec_a that_o can_v never_o be_v more_o this_o may_v somewhat_o affect_v it_o but_o so_o very_o little_a that_o it_o will_v scarce_o ever_o at_o all_o be_v perceive_v this_o very_a little_a be_v 5_o per_fw-la cent._n and_o if_o a_o man_n be_v cheat_v of_o that_o so_o he_o perceive_v it_o not_o it_o go_v for_o nothing_o but_o this_o loss_n will_v not_o affect_v only_o such_o rent_n as_o can_v never_o be_v more_o but_o all_o payment_n whatsoever_o that_o be_v contract_v for_o before_o this_o alteration_n of_o our_o money_n 2._o if_o it_o be_v true_a what_o he_o affirm_v that_o a_o ounce_n of_o money_n do_v equal_a a_o ounce_n of_o silver_n in_o value_n abroad_o but_o not_o at_o home_n then_o this_o part_n of_o the_o undertake_n will_v also_o fail_v for_o i_o deny_v that_o the_o stamp_n on_o our_o money_n do_v any_o more_o debase_v it_o here_o at_o home_n than_o abroad_o or_o make_v the_o silver_n in_o our_o money_n not_o equal_a in_o value_n to_o the_o same_o weight_n of_o silver_n every_o where_o the_o author_n will_v have_v do_v well_o to_o have_v make_v it_o out_o and_o not_o leave_v so_o great_a a_o paradox_n only_o to_o the_o credit_n of_o a_o single_a assertion_n remark_n and_o for_o what_o be_v say_v in_o this_o bill_n to_o prevent_v exportation_n relate_v only_o to_o the_o keep_n in_o our_o coin_n and_o bullion_n and_o leave_v all_o foreign_a to_o be_v export_v still_o answer_n what_o the_o author_n mean_v by_o our_o own_o and_o foreign_a bullion_n will_v need_v some_o explication_n remark_n there_o be_v now_o no_o such_o thing_n as_o payment_n make_v in_o weighty_a and_o milled_a money_n answer_n i_o believe_v there_o be_v very_o few_o in_o town_n who_o do_v not_o very_o often_o receive_v a_o milled_a crown_n for_o 5_o s._n and_o a_o mill_v half_a crown_n for_o 2_o s._n 6_o d._n but_o he_o mean_v i_o suppose_v in_o great_a and_o entire_a sum_n of_o milled_a money_n but_o i_o ask_v if_o all_o the_o clip_v money_n be_v call_v in_o whether_o then_o all_o the_o payment_n will_v not_o be_v in_o weighty_a money_n and_o that_o not_o be_v call_v in_o whether_o if_o it_o be_v light_a than_o your_o new_a milled_a money_n the_o new_a mill_v money_n will_v not_o be_v melt_v down_o as_o much_o as_o the_o old_a which_o i_o think_v the_o author_n there_o confess_v or_o else_o i_o understand_v he_o not_o remark_n nor_o will_v this_o any_o way_n interrupt_v trade_n for_o trade_n will_v find_v its_o own_o course_n the_o denomination_n of_o money_n in_o any_o country_n no_o way_n concern_v that_o answ._n the_o 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