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ineffectual_a as_o too_o many_o have_v find_v by_o experience_n no_o good_a argument_n that_o we_o must_v carry_v on_o these_o trade_n by_o company_n in_o joint-stock_n because_o the_o dutch_a do_v thrive_v by_o it_o and_o will_v get_v these_o trade_n from_o we_o if_o not_o so_o settle_v the_o east-india_n company_n in_o holland_n be_v so_o establish_v as_o that_o the_o trade_n be_v not_o make_v a_o property_n for_o some_o few_o man_n as_o have_v be_v here_o but_o the_o benefit_n and_o profit_n extensive_a and_o national_a and_o the_o trade_n not_o carry_v on_o by_o the_o exportation_n of_o bullion_n but_o their_o gain_n be_v chief_o make_v by_o the_o importation_n of_o spice_n from_o ceylon_n polleroon_n bantam_n and_o other_o place_n which_o they_o have_v in_o their_o possession_n or_o where_o they_o have_v factory_n under_o their_o own_o command_n what_o manufacture_v good_n they_o bring_v from_o
argument_n from_o interest_n ought_v to_o be_v take_v for_o as_o good_a proof_n as_o demonstration_n though_o there_o may_v be_v some_o circumstance_n in_o the_o management_n of_o trade_n that_o may_v be_v secret_n and_o keep_v by_o every_o tradesman_n to_o himself_o and_o mysterious_a to_o other_o yet_o as_o it_o relate_v to_o the_o great_a end_n before_o mention_v trade_n be_v only_o a_o mystery_n to_o such_o who_o have_v not_o time_n or_o will_v not_o employ_v their_o thought_n about_o it_o nation_n compare_v with_o other_o nation_n trade_n balance_n of_o trade_n may_v in_o most_o case_n be_v consider_v as_o great_a family_n or_o merchant_n or_o trader_n as_o to_o their_o deal_n one_o with_o another_o that_o which_o be_v call_v the_o balance_n of_o trade_n be_v no_o more_o a_o mystery_n as_o to_o the_o meaning_n of_o it_o than_o what_o be_v mean_v by_o the_o balance_n of_o a_o account_n between_o a_o gentleman_n and_o his_o steward_n or_o between_o merchant_n and_o shopkeeper_n and_o though_o the_o account_n of_o the_o trade_n between_o nation_n and_o nation_n be_v not_o so_o keep_v as_o that_o can_v be_v make_v up_o exact_o yet_o such_o method_n may_v be_v take_v as_o may_v produce_v a_o satisfactory_a judgement_n for_o the_o end_n design_v of_o discover_v what_o trade_n carry_v out_o our_o coin_n or_o bullion_n or_o may_v deserve_v encouragement_n or_o discouragement_n when_o we_o take_v from_o any_o nation_n more_o good_n or_o by_o any_o contract_n or_o deal_n become_v more_o indebt_v to_o any_o nation_n than_o such_o nation_n to_o we_o by_o the_o good_n take_v from_o we_o the_o overplus_n which_o may_v proper_o be_v call_v the_o balance_n must_v be_v pay_v in_o bullion_n coin_n jewel_n or_o some_o such_o treasure_n which_o be_v usual_o carry_v off_o private_o or_o else_o by_o bill_n of_o exchange_n the_o product_n of_o good_n remit_v to_o some_o other_o country_n which_o in_o most_o case_n will_v upon_o examination_n appear_v to_o be_v the_o same_o in_o effect_n as_o if_o it_o be_v treasure_n carry_v out_o hence_o if_o we_o do_v take_v from_o france_n former_o as_o many_o wine_n brandy_n and_o silk_n and_o other_o good_n as_o amount_v to_o a_o million_o per_fw-la annum_fw-la we_o do_v then_o by_o take_v those_o good_n from_o they_o become_v debtor_n to_o that_o nation_n for_o a_o million_o and_o if_o the_o good_n we_o sell_v to_o they_o or_o they_o take_v from_o we_o amount_v to_o but_o half_a a_o million_o than_o the_o other_o half_o million_o upon_o the_o balance_n must_v be_v owe_v to_o that_o nation_n which_o we_o may_v be_v sure_o they_o do_v not_o give_v we_o or_o leave_v unrecovered_a but_o take_v it_o from_o we_o either_o in_o money_n jewel_n or_o some_o such_o treasure_n for_o pay_v themselves_o in_o all_o such_o case_n the_o merchant_n will_v some_o way_n or_o other_o at_o such_o time_n and_o season_n as_o they_o find_v it_o most_o convenient_a for_o they_o the_o like_a with_o all_o other_o nation_n whether_o our_o debt_n be_v contract_v by_o commodity_n take_v from_o they_o by_o way_n of_o trade_n or_o by_o borrow_a money_n upon_o loan_n or_o by_o engagement_n for_o the_o payment_n of_o army_n or_o fleet_n or_o any_o other_o way_n what_o be_v not_o pay_v in_o good_n will_v some_o way_n or_o other_o be_v pay_v and_o carry_v off_o from_o we_o in_o bullion_n coin_n etc._n etc._n as_o may_v turn_v best_a to_o account_v to_o such_o creditor_n when_o our_o good_n do_v not_o in_o any_o country_n turn_v to_o account_v so_o well_o as_o bullion_n either_o by_o our_o own_o people_n to_o buy_v good_n or_o pay_v debt_n there_o or_o the_o stranger_n that_o bring_v such_o good_n here_o or_o be_v become_v our_o creditor_n by_o any_o deal_n will_v leave_v our_o good_n and_o carry_v out_o our_o money_n and_o what_o be_v thus_o carry_v out_o be_v usual_o say_v to_o be_v to_o balance_v such_o a_o trade_n and_o be_v that_o which_o may_v proper_o be_v call_v the_o balance_n of_o trade_n no_o trade_n can_v be_v more_o secure_a product_n those_o trade_n good_a that_o export_n our_o product_n to_o be_v for_o the_o interest_n of_o this_o nation_n then_o what_o be_v carry_v on_o by_o the_o exportation_n of_o our_o product_n and_o manufactory_n or_o by_o such_o good_n as_o come_v here_o from_o our_o plantation_n because_o of_o the_o advantage_n we_o have_v by_o the_o exportation_n in_o the_o consumption_n of_o our_o product_n and_o employment_n of_o the_o poor_a but_o no_o trade_n be_v more_o likely_a to_o increase_v seaman_n than_o our_o fishing-trade_n be_v because_o great_a number_n as_o well_o as_o some_o landman_n which_o thereby_o become_v seaman_n be_v employ_v in_o the_o take_n and_o make_v as_o well_o as_o in_o carry_v it_o to_o foreign_a market_n and_o no_o trade_n can_v produce_v more_o clear_a profit_n to_o the_o nation_n because_o the_o whole_a value_n arise_v from_o the_o labour_n of_o our_o people_n except_v the_o salt_n trade_n that_o have_v so_o good_a a_o foundation_n shall_v be_v promote_v because_o not_o so_o difficult_a to_o judge_v what_o trade_n be_v good_a by_o the_o exportation_n as_o what_o be_v bad_a by_o importation_n as_o trade_n carry_v on_o by_o the_o exportation_n of_o our_o product_n or_o fish_n can_v be_v pernicious_a so_o trade_n carry_v on_o by_o the_o exportation_n of_o bullion_n be_v dangerous_a no_o such_o advantage_n in_o the_o exportation_n rather_o the_o contrary_a and_o ought_v only_o to_o be_v approve_v of_o for_o the_o purchase_n of_o good_n in_o foreign_a part_n to_o be_v carry_v to_o foreign_a market_n from_o whence_o there_o may_v be_v a_o probability_n that_o the_o return_v will_v bring_v in_o more_o bullion_n than_o be_v carry_v out_o or_o for_o purchase_v good_n for_o perfect_v we_o or_o for_o another_o manufactory_a here_o as_o raw_a silk_n and_o spanish_a wool_n &c._n &c._n or_o of_o such_o commodity_n as_o be_v absolute_o necessary_a for_o our_o defence_n and_o safety_n as_o naval_a store_n and_o can_v be_v have_v elsewhere_o on_o better_a term_n for_o though_o silver_n and_o gold_n be_v a_o commodity_n bullion_n against_o the_o exportation_n of_o bullion_n and_o allow_v in_o some_o place_n to_o be_v with_o as_o much_o impunity_n export_v as_o any_o other_o as_o in_o holland_n florence_n genova_n and_o venice_n yet_o it_o do_v not_o follow_v that_o it_o may_v be_v as_o convenient_a here_o to_o encourage_v it_o for_o though_o those_o country_n may_v grow_v rich_a yet_o we_o may_v grow_v poor_a by_o it_o where_o a_o place_n or_o country_n be_v situate_v convenient_a for_o trade_n with_o good_a harbour_n but_o not_o provide_v with_o plenty_n of_o staple_n commodity_n of_o their_o own_o growth_n or_o fabric_n as_o those_o place_n aforemention_v there_o free_a port_n or_o freedom_n of_o trade_n without_o limitation_n may_v be_v convenient_a as_o the_o only_a way_n to_o bring_v trade_n and_o increase_v it_o and_o the_o gain_n which_o arise_v to_o the_o prince_n state_n or_o people_n of_o those_o country_n by_o such_o trade_n be_v by_o the_o duty_n pay_v and_o by_o the_o charge_n and_o expense_n the_o ship_n and_o merchandize_n leave_v behind_o they_o and_o what_o may_v be_v get_v by_o the_o people_n of_o those_o country_n be_v by_o buy_v sell_v and_o trade_n with_o foreign_a commodity_n more_o than_o by_o their_o own_o and_o the_o money_n carry_v out_o not_o much_o of_o the_o country_n coin_n for_o it_o will_v probable_o be_v find_v if_o a_o true_a account_n can_v be_v give_v that_o none_o of_o those_o place_n have_v any_o great_a store_n of_o coin_n or_o bullion_n when_o they_o give_v that_o liberty_n at_o first_o and_o that_o the_o plenty_n of_o it_o now_o there_o as_o it_o come_v first_o so_o can_v only_o be_v preserve_v by_o continue_v the_o same_o trade_n it_o be_v likely_a that_o if_o a_o stop_n shall_v be_v put_v to_o it_o they_o will_v soon_o find_v a_o decrease_n of_o trade_n and_o consequent_o of_o coin_n because_o they_o be_v not_o well_o store_v with_o commodity_n of_o their_o own_o what_o they_o have_v be_v most_o bring_v from_o foreign_a part_n or_o the_o material_n they_o be_v fabrickt_v with_o not_o possible_a to_o be_v procure_v by_o they_o but_o by_o money_n such_o nation_n be_v as_o store-keeper_n of_o the_o good_n of_o foreign_a nation_n which_o be_v by_o their_o own_o ship_n or_o of_o stranger_n transport_v to_o foreign_a part_n afford_v they_o great_a profit_n as_o the_o dutch_a by_o their_o spice_n from_o india_n linen_n from_o germany_n and_o other_o commodity_n in_o abundance_n though_o it_o be_v grant_v that_o our_o gold_n or_o silver_n can_v afford_v we_o any_o increase_n while_o keep_v within_o the_o kingdom_n yet_o it_o be_v that_o in_o which_o the_o riches_n of_o the_o nation_n do_v so_o much_o consist_v and_o so_o necessary_a for_o the_o payment_n
reason_n that_o exchange_n and_o good_n will_v always_o govern_v in_o all_o nation_n proportionable_a to_o the_o weight_n and_o fineness_n of_o their_o coyn._n the_o effect_n of_o the_o raise_v of_o the_o coin_n will_v first_o be_v perceive_v by_o those_o who_o have_v occasion_n of_o money_n by_o exchange_n or_o of_o wrought_a plate_n or_o of_o any_o sort_n of_o bullion_n the_o exchange_n of_o money_n for_o bill_n or_o bill_n for_o money_n between_o nation_n and_o nation_n be_v a_o great_a trade_n of_o itself_o many_o person_n in_o trading_n city_n make_v it_o their_o chief_a if_o not_o only_a employment_n to_o take_v money_n when_o offer_v and_o draw_v bill_n for_o it_o on_o their_o correspondent_o which_o they_o have_v in_o most_o part_n and_o place_n where_o there_o be_v any_o trade_n carry_v on_o and_o their_o correspondent_n to_o reimburse_v themselves_o redraw_v on_o they_o or_o on_o their_o agent_n in_o other_o place_n as_o may_v receive_v direction_n and_o as_o the_o rate_n of_o exchange_n may_v induce_v they_o which_o at_o last_o must_v be_v repay_v by_o the_o first_o drawer_n either_o by_o good_n or_o money_n send_v out_o hence_o or_o by_o the_o payment_n of_o bill_n that_o may_v be_v draw_v on_o he_o by_o which_o trade_n thus_o carry_v on_o without_o buy_v sell_v or_o trading_n much_o in_o good_n they_o usual_o get_v much_o more_o than_o interest_n by_o their_o money_n and_o in_o a_o course_n of_o year_n considerable_a estate_n other_o that_o do_v not_o make_v exchange_n their_o sole_a trade_n draw_v bill_n upon_o many_o occasion_n to_o be_v pay_v out_o of_o the_o product_n of_o good_n or_o money_n send_v and_o lodge_v in_o their_o correspondent_o hand_n for_o that_o purpose_n these_o way_n of_o trade_n by_o exchange_n have_v prove_v of_o so_o great_a use_n in_o the_o carry_v on_o of_o trade_n for_o the_o speedy_a supply_n of_o money_n upon_o occasion_n lessen_v of_o adventure_n and_o get_v quick_a return_v that_o it_o may_v be_v say_v exchange_n be_v to_o some_o trade_n as_o the_o first_o foundation_n or_o as_o a_o pendulum_n to_o a_o watch_n to_o keep_v it_o in_o motion_n and_o be_v so_o have_v a_o great_a influence_n on_o the_o price_n of_o commodity_n which_o will_v always_o much_o depend_v upon_o the_o rate_n of_o exchange_n and_o the_o rate_n of_o exchange_n upon_o the_o weight_n and_o fineness_n of_o the_o coin_n like_o so_o many_o link_n of_o a_o chain_n if_o one_o be_v draw_v the_o other_o will_v follow_v all_o those_o that_o make_v it_o their_o business_n to_o give_v bill_n for_o money_n or_o money_n for_o bill_n know_v the_o intrinsic_a value_n of_o the_o coin_n in_o the_o country_n to_o which_o they_o deal_v and_o the_o natural_a rate_n for_o all_o country_n amount_n to_o give_v one_o hundred_o pound_v weight_n of_o silver_n in_o one_o country_n for_o a_o hundred_o pound_v weight_n of_o silver_n of_o the_o same_o fineness_n in_o another_o country_n with_o as_o much_o difference_n as_o may_v be_v a_o temptation_n to_o the_o banker_n or_o exchanger_n to_o continue_v their_o trade_n more_o or_o less_o according_a to_o the_o distance_n of_o place_n time_n for_o payment_n or_o plenty_n or_o scarcity_n of_o money_n or_o bill_n which_o oftentimes_o make_v it_o considerable_a but_o take_v it_o without_o such_o accident_n and_o consideration_n the_o rate_n be_v a_o hundred_o pound_v weight_n for_o a_o hundred_o pound_v weight_n in_o another_o country_n or_o very_o near_o the_o old_a crown_n in_o france_n do_v former_o answer_v in_o weight_n and_o fineness_n to_o 4_o s._n 6_o d._n of_o our_o money_n the_o exchange_n then_o usual_o go_v at_o 54_o d._n here_o for_o a_o crown_n to_o be_v pay_v in_o france_n the_o old_a shilling_n in_o holland_n answer_v to_o 7_o d._n or_o better_o the_o exchange_n for_o holland_n usual_o at_o 36_o s._n there_o for_o 20_o s._n here_o to_o imagine_v that_o if_o our_o coin_n be_v raise_v one_o five_o part_n here_o the_o exchange_n for_o foreign_a country_n will_v not_o advance_v proportionable_a be_v to_o suppose_v that_o man_n will_v act_v contrary_a to_o reason_n and_o their_o true_a interest_n and_o give_v one_o hundred_o pound_v weight_n of_o silver_n in_o a_o foreign_a country_n for_o eighty_o pound_v weight_n receive_v here_o when_o it_o may_v turn_v much_o better_a to_o account_v to_o they_o to_o bring_v it_o here_o and_o have_v it_o coin_v in_o the_o mint_n as_o for_o instance_n after_o such_o a_o advance_n a_o merchant_n come_v to_o a_o banker_n and_o demand_v a_o bill_n for_o paris_n for_o 100_o l._n and_o offer_v for_o every_o french_a crown_n to_o be_v pay_v in_o paris_n 4_o s._n 6_o d._n as_o the_o price_n usual_o go_v before_o advance_v and_o it_o then_o answer_v in_o weight_n and_o fineness_n to_o our_o money_n here_o if_o the_o banker_n agree_v to_o it_o than_o he_o must_v give_v a_o bill_n for_o 444_o crown_n â…–_n for_o so_o many_o time_n 4_o s._n 6_o d._n will_v be_v find_v to_o be_v in_o 100_o l._n and_o must_v receive_v 320_o crown_n here_o of_o our_o coin_n because_o will_v then_o be_v call_v 100_o l._n which_o he_o will_v soon_o find_v be_v not_o his_o interest_n to_o do_v for_o the_o 444_o french_a crown_n â…–_n bring_v here_o and_o coin_v will_v make_v 400_o of_o our_o crown_n and_o after_o such_o a_o advance_n of_o our_o coin_n will_v produce_v he_o at_o 6_o s._n 3_o d._n per_fw-la crown_n 125_o l._n and_o therefore_o we_o may_v conclude_v bill_n will_v be_v refuse_v for_o paris_n spain_n or_o any_o where_n unless_o the_o exchange_n advance_v proportionable_a to_o the_o coin_n but_o though_o this_o be_v offer_v as_o demonstration_n that_o the_o rate_n of_o exchange_n will_v advance_v yet_o not_o that_o it_o will_v occasion_v the_o bring_n in_o of_o money_n to_o be_v coin_v for_o if_o good_n and_o all_o contract_n in_o the_o way_n of_o trade_n shall_v alter_v as_o be_v suppose_v proportionable_a to_o the_o coin_n than_o his_o 125_o l._n so_o make_v will_v do_v no_o more_o service_n than_o 100_o l._n before_o and_o therefore_o the_o advance_n of_o coin_n no_o temptation_n for_o the_o bring_n in_o of_o bullion_n unless_o for_o payment_n of_o debt_n contract_v before_o such_o advance_n and_o as_o it_o can_v be_v expect_v that_o the_o exchange_n of_o money_n for_o bill_n shall_v go_v on_o at_o the_o rate_n as_o before_o so_o that_o any_o sort_n of_o wrought_a plate_n or_o bullion_n shall_v be_v sell_v at_o the_o same_o price_n for_o how_o can_v it_o be_v imagine_v that_o any_o man_n will_v exchange_v one_o hundred_o pound_v weight_n for_o eighty_o pound_v weight_n of_o the_o same_o metal_n which_o carry_v into_o the_o mint_n and_o coin_v will_v yield_v one_o five_o more_o and_o though_o the_o same_o reason_n can_v be_v give_v for_o the_o advance_v of_o all_o other_o commodity_n yet_o deal_n by_o exchange_n have_v such_o a_o influence_n upon_o trade_n and_o the_o give_v high_a denomination_n to_o coin_n so_o unlikely_a to_o make_v it_o pass_v for_o more_o than_o its_o intrinsic_a value_n according_a to_o its_o weight_n that_o it_o be_v contrary_a to_o reason_n to_o expect_v that_o foreign_a nation_n will_v barter_v their_o commodity_n for_o it_o rather_o in_o proportion_n to_o the_o name_n than_o value_n and_o if_o it_o have_v that_o effect_n with_o foreign_a nation_n as_o may_v be_v presume_v and_o our_o own_o good_n shall_v not_o rise_v also_o proportionable_a then_o will_v prove_v but_o a_o contrivance_n to_o make_v we_o sell_v our_o good_n to_o stranger_n at_o one_o rate_n and_o buy_v of_o they_o at_o another_o the_o true_a intrinsic_a value_n of_o silver_n in_o exchange_n of_o silver_n ever_o be_v and_o will_v be_v a_o ounce_n for_o a_o ounce_n a_o ounce_n coin_v for_o a_o ounce_n uncoyn_v five_o shilling_n of_o our_o english_a coin_n weigh_v about_o a_o ounce_n and_o therefore_o we_o usual_o compute_v a_o ounce_n of_o silver_n worth_a 5_o s._n because_o 5_o s._n coin_v weigh_v a_o ounce_n uncoyn_v some_o little_a difference_n occasion_v by_o the_o alloy_n or_o charge_v of_o coinage_n in_o some_o place_n if_o shall_v be_v cavil_v at_o will_v not_o be_v find_v upon_o examination_n to_o be_v very_o material_a and_o whatever_o denomination_n have_v be_v give_v to_o coin_v money_n in_o any_o country_n to_o raise_v it_o high_o than_o answer_n in_o weight_n and_o fineness_n to_o a_o ounce_n uncoyn_v have_v always_o be_v find_v ineffectual_a in_o all_o deal_n either_o commodity_n will_v advance_v so_o much_o in_o price_n or_o so_o much_o will_v be_v abate_v in_o goodness_n or_o in_o weight_n length_n or_o breadth_n or_o some_o way_n or_o other_o as_o the_o nature_n of_o the_o commodity_n may_v best_o bear_v for_o as_o government_n may_v take_v upon_o they_o to_o alter_v the_o standard_n of_o their_o coin_n so_o the_o people_n
but_o this_o may_v be_v a_o privilege_n due_n particular_o to_o commonwealth_n government_n and_o it_o may_v not_o be_v find_v so_o easy_a to_o set_v up_o any_o such_o bank_n under_o a_o monarchy_n and_o the_o antiquity_n of_o those_o bank_n be_v also_o a_o further_a security_n to_o they_o and_o the_o allow_v of_o paper_n credit_v there_o not_o so_o dangerous_a as_o here_o the_o strike_n of_o tally_n for_o the_o supply_n of_o the_o public_a have_v be_v long_o practise_v here_o and_o by_o authority_n but_o paper_n credit_n for_o the_o carry_v on_o of_o commerce_n be_v new_a and_o have_v be_v leave_v till_o of_o late_a to_o take_v its_o own_o way_n though_o a_o matter_n of_o great_a importance_n and_o well_o worth_a the_o care_n of_o the_o government_n no_o footstep_n of_o goldsmith_n note_n pass_v for_o money_n till_o since_o anno_fw-la 1650._o gold_n and_o silver_n be_v valuable_a in_o all_o part_n but_o our_o paper_n credit_v only_o among_o ourselves_o and_o that_o no_o long_o than_o the_o fund_n or_o opinion_n on_o which_o it_o be_v ground_v stand_v good_a though_o it_o be_v not_o probable_a that_o those_o which_o have_v once_o get_v gold_n and_o silver_n will_v give_v it_o away_o to_o a_o foreign_a nation_n yet_o they_o may_v be_v under_o great_a temptation_n rather_o than_o undergo_v the_o danger_n and_o trouble_n of_o keep_v it_o when_o they_o can_v make_v any_o profit_n by_o it_o to_o accept_v of_o any_o overture_n for_o lend_v or_o other_o way_n employ_v it_o in_o a_o foreign_a country_n which_o may_v occasion_v that_o a_o nation_n that_o rely_v much_o on_o paper_n credit_n may_v be_v think_v rich_a one_o day_n and_o be_v find_v poor_a another_o when_o a_o great_a war_n happen_v which_o only_o can_v discover_v like_o death_n to_o some_o great_a trader_n whether_o a_o nation_n be_v rich_a or_o poor_a than_o the_o paper_n credit_n may_v fail_v we_o and_o our_o money_n too_o if_o due_a encouragement_n be_v not_o give_v to_o increase_v and_o preserve_v our_o coyn._n such_o credit_n as_o far_o as_o may_v be_v necessary_a to_o supply_v the_o want_n of_o coin_n may_v be_v very_o useful_a but_o if_o it_o shall_v be_v practise_v to_o jostle_v out_o the_o use_n of_o coin_n as_o some_o have_v propose_v be_v most_o dangerous_a and_o may_v have_v the_o same_o effect_n with_o a_o nation_n as_o with_o a_o gentleman_n that_o have_v a_o estate_n in_o land_n and_o money_n if_o he_o shall_v squander_v away_o his_o money_n on_o a_o supposition_n that_o bill_n of_o credit_n issue_v out_o chargeable_a on_o his_o land_n may_v do_v as_o well_o he_o will_v not_o long_o be_v the_o true_a owner_n either_o of_o land_n or_o money_n some_o paper_n credit_n may_v be_v allow_v with_o a_o prospect_n that_o they_o may_v stand_v good_a against_o all_o attempt_n or_o accident_n that_o may_v endanger_v its_o reputation_n but_o if_o general_a and_o too_o much_o the_o more_o likely_a to_o fail_v and_o sink_v under_o its_o own_o weight_n if_o at_o the_o same_o time_n that_o such_o great_a endeavour_n be_v use_v to_o set_v up_o so_o many_o sort_n of_o credit_n there_o be_v not_o care_v take_v to_o procure_v and_o preserve_v gold_n and_o silver_n which_o must_v support_v it_o and_o make_v it_o useful_a we_o may_v soon_o experience_n a_o great_a want_n of_o valuable_a riches_n and_o have_v only_o in_o its_o room_n what_o be_v imaginary_a a_o law_n for_o assign_v or_o transfer_v of_o bond_n or_o bill_n of_o debt_n of_o all_o sort_n of_o paper_n credit_n may_v be_v least_o liable_a to_o objection_n and_o in_o some_o measure_n at_o all_o time_n supply_v the_o want_n of_o coin_n for_o the_o carry_v on_o of_o trade_n and_o deal_n such_o bond_n or_o bill_n be_v make_v for_o good_n receive_v or_o some_o valuable_a consideration_n will_v have_v a_o good_a foundation_n and_o though_o transfer_v from_o one_o to_o another_o as_o person_n occasion_n may_v require_v the_o foundation_n will_v not_o thereby_o be_v weaken_v it_o be_v probable_a that_o merchant_n and_o 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of_o the_o government_n that_o they_o may_v be_v under_o such_o a_o constitution_n as_o may_v not_o be_v liable_a to_o the_o danger_n here_o mention_v when_o any_o tax_n or_o imposition_n be_v grant_v by_o parliament_n tally_n exchequer_n note_n or_o bill_n issue_v out_o upon_o the_o same_o for_o the_o supply_n of_o the_o government_n with_o ready_a money_n till_o the_o duty_n be_v pay_v may_v have_v as_o good_a credit_n as_o the_o bank_n bill_n at_o venice_n or_o amsterdam_n because_o ground_v on_o the_o great_a authority_n and_o public_a faith_n but_o no_o other_o paper_n credit_n for_o the_o supply_n of_o the_o crown_n can_v be_v presume_v will_v be_v long_o approve_v if_o our_o constitution_n be_v consider_v the_o pass_v of_o paper_n in_o payment_n be_v not_o much_o practise_v till_o after_o anno_fw-la 1660_o have_v its_o original_a from_o the_o profuseness_n of_o the_o court_n take_v up_o great_a sum_n of_o money_n at_o any_o rate_n from_o the_o goldsmith_n and_o they_o from_o the_o people_n and_o serve_v instead_o of_o coin_n for_o the_o supply_v the_o want_n of_o those_o that_o for_o good_n or_o otherways_o have_v take_v tally_n from_o the_o exchequer_n which_o at_o extraordinary_a rate_n be_v often_o sell_v to_o the_o goldsmith_n for_o their_o note_n which_o when_o give_v out_o for_o that_o or_o for_o other_o occasion_n do_v circulate_a for_o some_o time_n and_o excuse_v the_o use_n of_o so_o much_o coin_n which_o happy_o do_v increase_v trade_n but_o it_o end_v in_o shut_v up_o the_o exchequer_n and_o until_o it_o be_v decide_v whether_o the_o great_a debt_n yet_o owe_v to_o the_o banker_n shall_v be_v pay_v by_o the_o government_n or_o lose_v by_o the_o people_n that_o trust_v they_o no_o judgement_n can_v be_v make_v who_o have_v the_o profit_n get_v by_o that_o paper_n credit_n and_o
if_o can_v raise_v their_o good_n proportionable_a in_o price_n especial_o those_o of_o foreign_a nation_n will_v make_v no_o scruple_n to_o alter_v the_o standard_n of_o their_o good_n it_o be_v the_o weight_n and_o fineness_n of_o coin_n that_o be_v the_o true_a standard_n and_o measure_n of_o commerce_n and_o deal_n and_o not_o the_o denomination_n therefore_o great_a care_n shall_v be_v take_v how_o any_o alteration_n be_v make_v or_o stop_v put_v to_o the_o currency_n of_o coin_v money_n because_o it_o will_v occasion_v a_o great_a alteration_n and_o confusion_n in_o the_o carry_v on_o of_o trade_n coin_n be_v not_o only_o the_o easy_a and_o safe_a security_n that_o can_v be_v give_v between_o man_n and_o man_n but_o the_o quick_a for_o dispatch_n and_o of_o most_o satisfaction_n in_o buy_v and_o sell_v because_o by_o the_o stamp_n the_o value_n be_v know_v barter_v of_o commodity_n for_o commodity_n which_o will_v follow_v of_o consequence_n if_o there_o be_v not_o money_n will_v soon_o be_v find_v chargeable_a and_o inconvenient_a and_o a_o hindrance_n to_o trade_n argument_n for_o raise_v of_o the_o coin_n ground_v on_o affirmation_n that_o guineas_n be_v now_o worth_a 26_o s._n a_o piece_n in_o holland_n and_o ireland_n or_o any_o of_o our_o neighbour_a country_n will_v be_v find_v upon_o examination_n to_o have_v no_o weight_n common_a consent_n have_v fix_v a_o proportion_n to_o the_o value_n between_o gold_n and_o silver_n which_o will_v probable_o continue_v till_o alter_v by_o the_o like_a common_a consent_n and_o general_a opinion_n what_o may_v happen_v by_o accident_n or_o to_o serve_v a_o sudden_a or_o extraordinary_a occasion_n ought_v not_o to_o be_v put_v in_o the_o balance_n against_o what_o be_v the_o usual_a course_n and_o practice_n in_o deal_n that_o proportion_n between_o gold_n and_o silver_n which_o govern_v here_o be_v well_o know_v to_o be_v also_o observe_v among_o our_o neighbour_n and_o therefore_o not_o likely_a shall_v act_v so_o contrary_a to_o their_o interest_n as_o to_o give_v such_o a_o overvalue_v for_o guineas_n as_o 4_o or_o 5_o s._n on_o a_o guinea_n pay_v in_o our_o milled_a money_n or_o any_o other_o coin_n that_o be_v equivalent_a in_o weight_n and_o fineness_n and_o will_v answer_v in_o value_n to_o our_o milled_a money_n in_o our_o mint_n and_o therefore_o the_o truth_n of_o the_o fact_n may_v be_v doubt_v but_o if_o it_o be_v true_a we_o shall_v be_v very_o impolitic_a if_o we_o shall_v not_o encourage_v they_o to_o continue_v of_o that_o humour_n for_o it_o will_v be_v our_o advantage_n to_o carry_v they_o all_o the_o guineas_n we_o have_v or_o as_o many_o as_o they_o please_v to_o take_v and_o bring_v away_o their_o silver_n which_o for_o all_o payment_n will_v be_v as_o useful_a to_o we_o as_o the_o gold_n and_o the_o 4_o or_o 5_o s._n per_fw-la guinea_n which_o they_o will_v if_o that_o be_v true_a give_v we_o more_o than_o their_o real_a value_n will_v be_v so_o much_o clear_a gain_n but_o this_o argument_n be_v too_o grol_v to_o hold_v any_o contest_v notion_n about_o exchange_n or_o that_o guineas_n will_v pass_v in_o those_o part_n at_o that_o rate_n in_o purchase_v of_o commodity_n be_v muster_v up_o to_o make_v it_o good_a it_o have_v be_v already_o assert_v that_o no_o reason_n can_v be_v give_v why_o bullion_n or_o money_n shall_v be_v export_v out_o of_o any_o nation_n to_o a_o foreign_a country_n to_o remain_v and_o continue_v there_o but_o in_o order_n to_o pay_v or_o contract_v some_o debt_n unless_o the_o person_n that_o export_v it_o intend_v to_o remove_v himself_o also_o or_o to_o give_v it_o away_o all_o person_n so_o indebt_v or_o that_o intend_v to_o become_v indebt_v to_o any_o foreign_a nation_n by_o any_o purchase_n or_o contract_n consider_v which_o way_n to_o raise_v such_o money_n as_o shall_v want_v in_o that_o country_n whether_o by_o remit_v good_n bill_n of_o exchange_n bullion_n or_o coin_n if_o find_v that_o the_o price_n of_o good_n and_o rate_v of_o exchange_n be_v against_o they_o and_o that_o bullion_n or_o coin_n will_v turn_v they_o better_a to_o account_v it_o be_v probable_a that_o they_o may_v resolve_v to_o send_v out_o bullion_n or_o coin_n and_o the_o like_o our_o neighbour_n that_o be_v indebt_v or_o have_v occasion_n to_o run_v in_o debt_n to_o we_o will_v practise_v but_o the_o raise_v or_o fall_v of_o the_o coin_n to_o prevent_v or_o further_o it_o either_o here_o or_o there_o will_v have_v little_o more_o influence_n than_o the_o sink_n of_o a_o ship_n in_o the_o mouth_n of_o the_o thames_n will_v have_v upon_o the_o flux_n or_o reflux_n of_o the_o sea_n because_o the_o rate_n of_o exchange_n and_o price_n of_o good_n will_v advance_v proportionable_a and_o make_v it_o the_o same_o thing_n in_o effect_n though_o may_v occasion_v some_o change_n in_o name_n and_o figure_n for_o unless_o it_o can_v be_v make_v out_o that_o the_o raise_v or_o fall_v of_o the_o coin_n will_v discharge_v what_o debt_n we_o may_v owe_v to_o foreign_a nation_n we_o shall_v be_v as_o liable_a to_o pay_v they_o after_o such_o advance_n as_o before_o and_o they_o probable_o as_o willing_a to_o be_v pay_v which_o will_v occasion_v that_o our_o coin_n must_v go_v be_v it_o high_a or_o low_a and_o nothing_o but_o not_o run_v into_o debt_n can_v prevent_v it_o to_o imagine_v that_o foreign_a nation_n will_v in_o any_o case_n take_v from_o we_o guineas_fw-la at_o 4_o to_o 5_o s._n per_fw-la piece_n more_o than_o be_v worth_a compare_v with_o silver_n or_o in_o exchange_n of_o silver_n be_v to_o imagine_v they_o will_v act_v contrary_a to_o common_a sense_n therefore_o it_o be_v probable_a that_o this_o assertion_n be_v take_v up_o not_o upon_o observation_n make_v upon_o the_o usual_a course_n of_o trade_n but_o from_o accident_n which_o may_v give_v some_o cause_n for_o it_o as_o glut_v of_o market_n or_o want_v of_o good_n may_v advance_v or_o run_v down_o their_o prize_n so_o plenty_n of_o bill_n of_o exchange_n or_o scarcity_n of_o they_o or_o of_o money_n for_o bill_n for_o any_o place_n may_v occasion_v a_o considerable_a alteration_n in_o their_o rate_n on_o a_o sudden_a which_o may_v sometime_o offer_v opportunity_n to_o remit_v gold_n to_o holland_n or_o to_o any_o of_o our_o neighbour_a country_n to_o purchase_v bill_n of_o exchange_n which_o when_o receive_v here_o may_v produce_v 26_o s._n per_fw-la guinea_n and_o thus_o it_o may_v be_v say_v that_o 26_o s._n be_v obtain_v for_o a_o guinea_n but_o the_o alteration_n of_o the_o coin_n can_v have_v any_o effect_n to_o prevent_v any_o such_o accident_n which_o as_o do_v sometime_o occasion_v the_o carry_v out_o of_o coin_n or_o bullion_n so_o at_o other_o time_n the_o bring_v of_o it_o in_o for_o merchant_n from_o holland_n when_o the_o exchange_n give_v they_o any_o such_o temptation_n send_v money_n here_o to_o make_v the_o same_o advantage_n to_o themselves_o also_o such_o way_n as_o these_o ever_o be_v and_o will_v be_v practise_v by_o trading-man_n to_o get_v money_n and_o what_o thus_o happen_v by_o accident_n not_o very_o material_a to_o a_o nation_n for_o when_o any_o such_o great_a difference_n happen_v between_o the_o product_n of_o bullion_n and_o exchange_n can_v according_o to_o nature_n hold_v long_o either_o the_o trade_n of_o exchange_n will_v destroy_v the_o trade_n in_o bullion_n or_o bullion_n that_o by_o exchange_n both_o trade_n will_v not_o long_o continue_v unless_o the_o rate_n run_v near_o a_o equality_n or_o par._n if_o guineas_n be_v make_v currant_n by_o law_n at_o 26_o s._n and_o the_o silver_n not_o raise_v proportionable_a than_o our_o neighbour_n will_v take_v the_o same_o advantage_n on_o we_o as_o be_v before_o propose_v to_o be_v take_v on_o they_o bring_v we_o in_o gold_n and_o carry_v away_o our_o silver_n which_o will_v be_v so_o much_o loss_n to_o the_o nation_n as_o the_o 4_o s._n or_o 5_o s._n per_fw-la guinea_n on_o the_o quantity_n so_o bring_v in_o will_v 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other_o loss_n that_o have_v happen_v by_o banker_n shall_v not_o be_v forget_v but_o though_o it_o may_v be_v a_o question_n whether_o the_o nation_n particular_a person_n or_o who_o have_v get_v by_o the_o paper_n credit_n as_o it_o have_v be_v hitherto_o carry_v on_o yet_o no_o doubt_n but_o if_o some_o such_o credit_n can_v be_v so_o settle_v as_o to_o avoid_v the_o danger_n beforementioned_a will_v be_v of_o great_a use_n for_o if_o a_o banker_n upon_o receipt_n of_o a_o 1000_o l._n give_v his_o note_n and_o that_o note_v circulate_a as_o money_n and_o he_o employ_v the_o 1000_o l._n receive_v which_o it_o be_v probable_a he_o will_v though_o the_o banker_n have_v only_o the_o particular_a gain_n that_o may_v be_v make_v by_o employ_v the_o 1000_o l._n in_o money_n yet_o the_o nation_n may_v reap_v some_o advantage_n by_o have_v the_o 1000_o l._n thus_o double_v as_o to_o use_v the_o note_n may_v pass_v and_o do_v service_n as_o 1000_o l._n and_o the_o money_n as_o another_o and_o 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to_o be_v double_a or_o treble_a what_o it_o now_o be_v yet_o without_o a_o new_a settlement_n and_o large_a stock_n the_o advantage_n will_v be_v contract_v to_o as_o few_o person_n as_o now_o it_o be_v probable_a that_o as_o it_o have_v be_v more_o and_o more_o engross_v ever_o since_o the_o year_n 1666_o when_o first_o it_o begin_v to_o get_v repute_n no_o one_o man_n have_v then_o to_o the_o value_n of_o 4000_o l._n stock_n now_o several_a 50000_o l._n a_o piece_v and_o one_o above_o 100000_o l._n so_o the_o same_o temptation_n will_v occasion_v the_o further_a ingrossiing_n of_o it_o thereby_o to_o keep_v the_o management_n in_o their_o own_o hand_n by_o which_o they_o will_v continue_v reap_v the_o advantage_n of_o the_o say_a trade_n though_o shall_v grow_v never_o so_o great_a and_o have_v as_o much_o security_n for_o their_o money_n as_o the_o treasure_n of_o the_o nation_n take_v up_o on_o a_o common_a seal_n can_v afford_v because_o other_o trade_n have_v for_o several_a 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