Selected quad for the lemma: money_n

Word A Word B Word C Word D Occurrence Frequency Band MI MI Band Prominent
money_n month_n pay_v payment_n 1,570 5 10.1620 5 false
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ID Title Author Corrected Date of Publication (TCP Date of Publication) STC Words Pages
A42905 A short account of the Bank of England Godfrey, Michael, d. 1695. 1695 (1695) Wing G925; ESTC R220317 13,535 9

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be_v say_v they_o have_v agree_v to_o set_v up_o a_o lombard_n to_o lend_v money_n on_o small_a pawn_n for_o the_o relief_n of_o the_o poor_a at_o one_o penny_n per_fw-la month_n for_o 20_o shilling_n for_o which_o they_o be_v now_o force_v to_o pay_v six_o penny_n or_o twelve_o penny_n every_o week_n and_o its_o probable_a if_o the_o bank_n be_v not_o restrain_v by_o act_n of_o parliament_n they_o may_v take_v into_o consideration_n the_o exchange_v seman_n ticket_n for_o money_n for_o a_o very_a small_a allowance_n for_o which_o they_o have_v often_o time_n be_v force_v to_o pay_v 7_o or_o 8_o shilling_n in_o the_o pound_n 10._o the_o bank_n will_v reduce_v the_o interest_n of_o money_n in_o england_n to_o 3_o per_fw-la cent_n per_fw-la a_o in_o a_o few_o year_n without_o any_o law_n to_o enforce_v it_o in_o like_a manner_n as_o it_o be_v in_o all_o other_o country_n where_o bank_n be_v establish_v whereby_o the_o trade_n of_o the_o nation_n may_v be_v drive_v upon_o more_o equal_a term_n with_o the_o rest_n of_o our_o neighbour_n where_o money_n be_v to_o be_v have_v at_o so_o much_o low_a rate_n than_o what_o we_o in_o england_n have_v hitherto_o pay_v and_o as_o the_o lessen_v the_o interest_n of_o money_n will_v infallible_o raise_v the_o value_n of_o land_n it_o have_v be_v worth_a while_n for_o the_o nobility_n and_o gentry_n who_o be_v the_o proprietor_n of_o the_o real_a estate_n in_o england_n to_o have_v give_v a_o land_n tax_n for_o the_o bank_n of_o double_a the_o sum_n which_o be_v raise_v by_o it_o if_o they_o can_v not_o otherwise_o have_v obtain_v it_o for_o the_o fall_a the_o interest_n of_o money_n to_o 3_o l._n per_fw-la cent_n per_fw-la annum_fw-la to_o which_o rate_v the_o bank_n will_v reduce_v it_o will_v unavoidable_o advance_v the_o price_n of_o land_n to_o above_o 30_o year_n purchase_v which_o will_v raise_v the_o value_n of_o the_o land_n of_o england_n at_o least_o 100_o million_o and_o thereby_o abundant_o reimburse_v the_o nation_n all_o the_o charge_n of_o the_o war_n and_o will_v not_o only_o enable_v the_o gentry_n to_o make_v better_a provision_n for_o their_o young_a child_n but_o those_o who_o now_o owe_v money_n on_o their_o land_n to_o pay_v off_o their_o debt_n by_o the_o increase_n of_o the_o value_n of_o their_o estate_n 11._o the_o ease_n and_o security_n of_o the_o great_a receipt_n and_o payment_n of_o money_n which_o be_v make_v by_o the_o bank_n where_o peoples_n cash_n be_v keep_v as_o it_o be_v at_o the_o goldsmith_n together_o with_o the_o safe_a deposit_n of_o it_o be_v such_o advantage_n to_o recommend_v it_o that_o they_o ought_v not_o to_o be_v pass_v over_o without_o some_o observation_n especial_o consider_v how_o much_o money_n have_v be_v lose_v in_o england_n by_o the_o goldsmith_n and_o scrivener_n break_v which_o in_o about_o 30_o year_n past_a can_v amount_v to_o so_o little_a as_o betwixt_o two_o and_o three_o million_o all_o which_o may_v have_v be_v prevent_v have_v a_o bank_n 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force_v a_o currancy_n of_o bill_n or_o tally_n and_o think_v they_o may_v pass_v as_o well_o as_o bank_n bill_n but_o they_o do_v not_o consider_v that_o it_o be_v nothing_o make_v they_o currant_n but_o only_o because_o all_o those_o that_o desire_v it_o can_v go_v when_o they_o will_v and_o fetch_v their_o money_n for_o they_o and_o to_o force_v any_o thing_n to_o pass_v in_o payment_n but_o money_n will_v soon_o end_v in_o confusion_n for_o it_o can_v serve_v the_o nation_n occasion_n at_o home_n much_o less_o our_o foreign_a negotiation_n with_o other_o country_n abroad_o see_v all_o those_o who_o take_v bill_n of_o exchange_n on_o england_n be_v too_o wise_a to_o accept_v any_o such_o sort_n of_o payment_n but_o will_v be_v sure_a to_o have_v they_o make_v payable_a in_o sterling-money_n in_o specie_fw-la in_o like_a manner_n as_o the_o bill_n which_o be_v now_o draw_v on_o spain_n be_v make_v payable_a in_o old_a money_n as_o before_o the_o pragmatica_fw-la which_o together_o with_o the_o late_a essay_n of_o copper_n money_n in_o ireland_n may_v be_v sufficient_a to_o show_v that_o all_o such_o attempt_n will_v be_v ineffectual_a and_o beside_o the_o confusion_n it_o will_v make_v the_o danger_n of_o their_o be_v counterfeit_v be_v a_o objection_n that_o can_v well_o be_v answer_v and_o all_o that_o it_o will_v cost_v to_o exchange_v they_o for_o money_n will_v be_v certain_o pay_v by_o the_o government_n for_o it_o will_v be_v consider_v by_o those_o who_o sell_v their_o good_n in_o the_o price_n of_o they_o and_o though_o but_o a_o small_a sum_n be_v pay_v for_o the_o loss_n of_o exchange_v they_o for_o money_n by_o every_o one_o through_o who_o hand_n they_o shall_v pass_v yet_o there_o may_v be_v more_o than_o the_o whole_a value_n lose_v thereby_o in_o less_o than_o one_o year_n time_n and_o the_o very_o propose_v such_o a_o innovation_n be_v of_o dangerous_a consequence_n and_o tend_v to_o destroy_v the_o public_a credit_n for_o if_o it_o shall_v be_v attempt_v to_o make_v any_o thing_n currant_n in_o payment_n but_o specie_fw-la money_n no_o body_n will_v trust_v the_o government_n on_o any_o loan_n for_o the_o future_a and_o it_o will_v put_v a_o stop_n to_o the_o discount_v tally_n or_o bill_n of_o exchange_n lend_v money_n on_o pawn_n or_o mortgage_n or_o indeed_o to_o the_o give_v any_o credit_n but_o upon_o the_o undoubted_a assurance_n of_o receive_v the_o payment_n in_o specie_fw-la for_o on_o all_o other_o sort_n of_o payment_n there_o will_v be_v a_o loss_n to_o exchange_v they_o for_o money_n and_o it_o will_v discourage_v our_o friend_n and_o encourage_v our_o enemy_n by_o proclaim_v to_o the_o world_n that_o we_o be_v not_o able_a to_o continue_v the_o war_n and_o this_o will_v put_v a_o end_n to_o it_o for_o we_o shall_v be_v force_v to_o submit_v to_o such_o term_n as_o the_o french_a king_n will_v think_v sit_v to_o grant_v we_o it_o be_v very_o observable_a that_o all_o the_o several_a company_n of_o oppressor_n be_v strange_o alarm_v and_o exclaim_v at_o the_o bank_n and_o seem_v to_o have_v join_v themselves_o in_o a_o confederacy_n against_o it_o out_o of_o pure_a zeal_n as_o they_o pretend_v for_o the_o good_a of_o the_o public_a whereas_o it_o be_v nothing_o but_o their_o private_a interest_n that_o have_v so_o nettle_v they_o to_o see_v their_o craft_n and_o trade_n of_o oppression_n endanger_v for_o extortion_n usury_n and_o oppression_n be_v never_o so_o attack_v as_o they_o be_v like_a to_o be_v by_o the_o bank_n and_o it_o be_v that_o which_o have_v engage_v they_o to_o use_v all_o the_o art_n and_o trick_n they_o can_v invent_v to_o blemish_v it_o and_o among_o the_o rest_n to_o make_v those_o that_o owe_v money_n uneasy_a at_o it_o great_a sum_n have_v be_v
a_o short_a account_n of_o the_o bank_n of_o england_n consider_v the_o multitude_n and_o variety_n of_o opinion_n which_o be_v receive_v and_o entertain_v concern_v the_o bank_n it_o may_v be_v think_v a_o service_n to_o the_o public_a to_o give_v the_o follow_a account_n of_o it_o whereby_o it_o will_v appear_v to_o the_o world_n that_o the_o bank_n notwithstanding_o all_o the_o cavil_n which_o the_o wit_n labour_n and_o malice_n of_o its_o opponent_n have_v raise_v be_v one_o of_o the_o best_a establishment_n that_o ever_o be_v make_v for_o the_o good_a of_o the_o kingdom_n for_o how_o plausible_a soever_o their_o objection_n may_v seem_v it_o be_v manifest_a they_o proceed_v in_o some_o from_o aversion_n to_o the_o government_n in_o other_o from_o prejudice_n false_a insinuation_n or_o mistake_v notion_n but_o in_o most_o from_o self-interest_n the_o bank_n be_v a_o society_n consist_v of_o about_o 1300_o person_n who_o have_v subscribe_v 1200000_o l._n pursuant_n to_o a_o act_n of_o parliament_n be_v incorporate_v by_o virtue_n thereof_o by_o the_o name_n of_o the_o governor_n and_o company_n of_o the_o bank_n of_o england_n and_o have_v a_o fund_z of_o 100000_o l._n per_fw-la annum_fw-la grant_v they_o thereby_o redeemable_a after_o 11_o year_n upon_o one_o year_n notice_n which_o 1200000_o l._n they_o have_v pay_v into_o the_o exchequer_n by_o such_o payment_n as_o the_o public_a occasion_n have_v require_v and_o most_o of_o it_o long_o before_o the_o money_n can_v have_v be_v demand_v the_o subscription_n to_o the_o bank_n be_v make_v by_o virtue_n of_o a_o commission_n under_o the_o great_a seal_n of_o england_n ground_v upon_o the_o say_a act_n of_o parliament_n of_o which_o public_a notice_n be_v give_v and_o the_o commissioner_n be_v appoint_v to_o take_v all_o such_o voluntary_a subscription_n as_o shall_v be_v make_v on_o or_o before_o the_o first_o day_n of_o august_n last_o by_o any_o person_n or_o person_n native_n or_o foreigner_n body_n 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the_o people_n fast_o to_o the_o government_n will_v infallible_o lower_v the_o interest_n of_o money_n as_o well_o on_o public_a as_o private_a security_n which_o all_o other_o fund_n have_v advance_v and_o which_o have_v be_v raise_v to_o a_o exorbitant_a rate_n as_o to_o the_o public_a by_o those_o who_o have_v make_v use_n of_o its_o necessity_n and_o be_v now_o angry_a at_o the_o bank_n because_o that_o will_v reduce_v it_o and_o the_o lower_a of_o interest_n beside_o the_o encouragement_n it_o will_v be_v to_o industry_n and_o improvement_n will_v by_o a_o natural_a consequence_n raise_v the_o value_n of_o land_n and_o increase_v trade_n both_o which_o depend_v upon_o it_o but_o it_o can_v be_v expect_v that_o land_n shall_v rise_v much_o whilst_o such_o high_a tax_n continue_v upon_o it_o and_o whilst_o there_o be_v so_o great_a advantage_n to_o be_v make_v by_o lend_v money_n to_o the_o public_a 2._o the_o bank_n give_v money_n for_o tally_n on_o fund_n have_v a_o credit_n of_o 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but_o some_o few_o month_n before_o the_o bank_n be_v establish_v all_o which_o loss_n on_o tally_n be_v pay_v by_o the_o public_a for_o it_o can_v be_v suppose_v but_o those_o who_o be_v to_o allow_v 15_o or_o 20_o per_fw-la cent_n for_o discount_n of_o their_o tally_n make_v provision_n according_o in_o the_o price_n they_o be_v to_o have_v for_o their_o commodity_n 3._o the_o bank_n will_v likewise_o facilitate_v the_o future_a supply_n by_o make_v the_o fund_n which_o be_v to_o be_v give_v more_o useful_a and_o ready_a to_o answer_v the_o public_a occasion_n and_o upon_o easy_a term_n than_o what_o have_v be_v do_v during_o the_o war_n for_o it_o be_v say_v they_o will_v lend_v money_n on_o the_o land_n tax_n at_o 6_o per_fw-la cent_n per_fw-la annum_fw-la nay_o some_o say_v at_o 5_o per_fw-la
cent_n per_fw-la annum_fw-la which_o will_v save_v the_o nation_n a_o great_a sum_n of_o money_n in_o interest_n as_o well_o as_o what_o be_v usual_o pay_v for_o gratuity_n and_o other_o charge_n to_o procure_v loan_n a_o method_n that_o some_o of_o the_o opposer_n of_o the_o bank_n have_v be_v well_o acquaint_v with_o 4._o it_o will_v likewise_o save_v the_o nation_n 30_o or_o 40000_o l._n per_fw-la annum_fw-la in_o remit_v the_o public_a money_n and_o if_o the_o bank_n have_v be_v settle_v in_o the_o begin_n of_o this_o war_n the_o kingdom_n may_v have_v save_v already_o at_o least_o a_o million_o and_o half_a if_o not_o two_o million_o by_o it_o beside_o what_o will_v be_v save_v for_o the_o future_a on_o the_o price_n of_o commodity_n loss_n on_o tally_n public_a remittance_n excessive_a interest_n and_o other_o exorbitant_a allowance_n which_o the_o public_a have_v former_o pay_v for_o money_n to_o say_v nothing_o of_o the_o advantage_n which_o may_v have_v be_v gain_v on_o the_o enemy_n by_o have_v more_o early_a and_o regular_a provision_n make_v for_o our_o fleet_n and_o army_n for_o the_o same_o money_n raise_v and_o pay_v by_o the_o subject_a may_v and_o will_v have_v a_o quite_o different_a effect_n in_o carry_v on_o the_o war_n by_o the_o speedy_a or_o dilatory_a payment_n of_o it_o and_o it_o be_v evident_a that_o the_o same_o money_n have_v do_v much_o great_a service_n to_o the_o public_a in_o the_o bank_n than_o it_o can_v have_v do_v by_o be_v in_o private_a hand_n and_o that_o the_o extravagant_a rise_n of_o interest_n be_v not_o altogether_o occasion_v by_o the_o scarcity_n of_o money_n but_o have_v be_v much_o increase_v by_o the_o art_n and_o contrivance_n of_o those_o who_o have_v mediate_v between_o the_o borrower_n and_o the_o lender_n and_o the_o encouragement_n that_o the_o moneyed_a man_n have_v have_v to_o keep_v back_o their_o money_n in_o hope_n of_o a_o great_a advantage_n which_o they_o have_v general_o obtain_v by_o reason_n of_o the_o necessity_n of_o the_o public_a but_o now_o the_o bank_n be_v establish_v and_o that_o all_o who_o want_n money_n and_o have_v security_n know_v where_o to_o apply_v themselves_o and_o be_v supply_v there_o can_v be_v such_o advantage_n make_v on_o the_o public_a or_o private_a man_n necessity_n for_o the_o future_a 5._o the_o more_o credit_n the_o bank_n have_v and_o the_o more_o money_n be_v lodge_v in_o it_o the_o more_o it_o will_v lessen_v interest_n for_o want_v of_o occasion_n to_o improve_v it_o and_o those_o who_o lodge_v their_o money_n in_o the_o bank_n have_v it_o as_o much_o at_o their_o disposal_n as_o if_o it_o be_v in_o the_o hand_n of_o the_o goldsmith_n or_o in_o their_o own_o cash-chest_n and_o there_o be_v a_o great_a value_n than_o the_o money_n which_o be_v deposit_v in_o the_o bank_n that_o circulate_v by_o their_o credit_n as_o much_o as_o if_o it_o be_v stir_v in_o specie_fw-la and_o the_o bank-bill_n serve_v already_o for_o return_v and_o exchange_n to_o and_o from_o the_o remote_a part_n of_o the_o kingdom_n and_o will_v in_o a_o little_a time_n do_v the_o like_a in_o foreign_a part_n which_o will_v lessen_v the_o export_n of_o bullion_n for_o the_o pay_v and_o maintane_v our_o army_n abroad_o during_o this_o war_n and_o if_o the_o bulk_n of_o the_o money_n of_o the_o nation_n which_o have_v be_v lodge_v with_o the_o goldsmith_n have_v be_v deposit_v in_o the_o bank_n 4_o or_o 5_o year_n past_a it_o have_v prevent_v its_o be_v so_o scandalous_o clip_v which_o one_o day_n or_o other_o must_v cost_v the_o nation_n a_o million_o and_o half_a or_o two_o million_o to_o repair_v it_o 6._o those_o who_o be_v concern_v in_o the_o bank_n can_v fail_v to_o lessen_v the_o interest_n of_o money_n for_o it_o be_v their_o own_o interest_n to_o do_v it_o else_o they_o can_v employ_v it_o and_z their_z fund_z be_v settle_v at_o 8_o l._n per_fw-la cent_n per_fw-la annum_fw-la the_o low_a they_o bring_v all_o other_o interest_n they_o make_v the_o stock_n of_o the_o bank_n the_o more_o valuable_a and_o it_o must_v be_v allow_v that_o it_o be_v the_o only_a fund_z that_o ever_o be_v settle_v in_o england_n which_o have_v lessen_v the_o interest_n of_o mony_n and_o it_o be_v very_o observable_a that_o any_o resolution_n that_o the_o concern_v in_o the_o bank_n have_v take_v to_o be_v more_o serviceable_a in_o accommodate_v the_o public_a or_o private_a man_n occasion_n have_v always_o give_v it_o a_o far_a reputation_n and_o increase_v its_o value_n and_o the_o more_o they_o serve_v the_o interest_n of_o the_o nation_n so_o much_o the_o more_o they_o serve_v their_o own_o they_o be_v under_o this_o happy_a circumstance_n that_o they_o can_v do_v good_a to_o themselves_o but_o by_o do_v good_a to_o other_o 7._o the_o nation_n pay_v for_o the_o annuity_n 14_o l._n per_fw-la cent_n per_fw-la annum_fw-la for_o 99_o year_n and_o for_o the_o lottery_n 14_o per_fw-la cent_n per_fw-la a_o for_o 16_o year_n beside_o about_o one_o ten_o part_n which_o be_v expend_v in_o charge_n the_o fund_n of_o wine_n vinegar_n and_o tobacco_n east-india_n good_n joint-stock_n paper_n and_o parchment_n and_o new_a imposition_n be_v all_o at_o 8_o l._n per_fw-la cent_n per_fw-la annum_fw-la as_o well_o as_o the_o bank_n and_o yet_o there_o have_v be_v give_v from_o 20_o to_o 30_o l._n per_fw-la cent_n loss_n on_o tally_n upon_o several_a of_o these_o fund_n beside_o the_o public_a interest_n the_o like_a have_v be_v do_v on_o the_o remote_a part_n of_o the_o 2_o 3_o excise_n and_o 3_o 4_o custom_n before_o the_o bank_n be_v establish_v and_o thereby_o the_o nation_n have_v pay_v 12_o 14_o 16_o 18_o and_o 20_o per_fw-la cent_n per_fw-la annum_fw-la interest_n for_o money_n which_o if_o it_o have_v continue_v must_v have_v ruin_v the_o kingdom_n but_o now_o that_o they_o who_o have_v make_v these_o advantage_n by_o the_o public_a be_v prevent_v of_o the_o like_a for_o the_o future_a they_o will_v be_v more_o ready_a to_o lend_v money_n on_o private_a security_n or_o to_o purchase_v land_n for_o want_v of_o those_o occasion_n to_o improve_v their_o money_n to_o so_o much_o better_a advantage_n 8._o it_o be_v a_o matter_n which_o be_v very_o surprise_v and_o without_o any_o example_n that_o after_o the_o nation_n have_v be_v six_o year_n engage_v in_o such_o a_o chargeable_a war_n and_o have_v be_v at_o near_o thirty_o million_o expense_n and_o such_o quantity_n of_o bullion_n have_v be_v export_v beside_o the_o loss_n of_o several_a million_o which_o the_o enemy_n have_v take_v that_o after_o all_o this_o instead_o of_o the_o interest_n of_o money_n rise_v as_o have_v be_v usual_a in_o all_o war_n there_o shall_v now_o be_v such_o a_o fall_n of_o interest_n which_o must_v be_v acknowledge_v to_o be_v whole_o owe_v to_o the_o bank_n and_o that_o it_o can_v not_o have_v be_v effect_v without_o it_o for_o till_o the_o bank_n exert_v itself_o the_o interest_n of_o money_n be_v rise_v apace_o and_o will_v have_v continue_v 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