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
B08423 A proposal for raising the publick credit by setting up an office for transferring and discounting tallies. Barbon, Nicholas, d. 1698. 1697 (1697) Wing B707B; ESTC R233229 2,814 3

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a_o proposal_n for_o raise_v the_o public_a credit_n by_o set_v up_o a_o office_n for_o transfer_v and_o discount_v tally_n the_o design_n of_o this_o proposal_n be_v to_o raise_v the_o value_n of_o tally_n to_o such_o a_o proportion_n that_o all_o tally_n may_v be_v discount_v for_o five_o or_o six_o per_fw-la cent._n and_o that_o the_o worst_a of_o they_o be_v those_o at_o the_o great_a distance_n to_o be_v pay_v shall_v be_v the_o best_a which_o be_v do_v by_o the_o profit_n that_o be_v gain_v from_o the_o often_o dispose_v of_o they_o the_o method_n be_v thus_o i._o that_o a_o office_n be_v settle_v by_o act_n of_o parliament_n for_o transfer_v and_o discount_v bill_n draw_v on_o tally_n these_o bill_n to_o be_v so_o limit_v that_o they_o may_v not_o exceed_v the_o value_n of_o the_o tally_n and_o so_o distinguish_v as_o to_o be_v know_v upon_o what_o fund_v they_o be_v draw_v that_o it_o may_v appear_v when_o they_o be_v pay_v off_o by_o their_o several_a fund_n and_o when_o to_o be_v bring_v to_o the_o lord_n of_o the_o treasury_n to_o be_v cancel_v ii_o that_o all_o person_n have_v liberty_n to_o subscribe_v their_o tally_n to_o this_o office_n which_o be_v to_o be_v the_o stock_n of_o the_o office_n every_o hundred_o pound_v tally_n be_v one_o hundred_o pound_v stock_n and_o at_o the_o time_n of_o such_o subscription_n five_o pound_n per_fw-la cent._n in_o money_n be_v pay_v into_o the_o office_n for_o every_o hundred_o pound_v tally_n to_o raise_v a_o fund_z of_o money_n to_o discount_n the_o bill_n iii_o that_o these_o bill_n be_v make_v payable_a by_o the_o office_n upon_o a_o month_n notice_n and_o not_o at_o demand_n that_o they_o be_v draw_v on_o the_o value_n of_o the_o whole_a stock_n by_o equal_a proportion_n of_o ten_o per_fw-mi cent_z and_o that_o they_o be_v deliver_v to_o the_o several_a owner_n of_o the_o stock_n at_o such_o distance_n of_o time_n as_o never_o to_o exceed_v the_o money_n in_o the_o office_n that_o lie_v to_o discount_n they_o iv_o that_o after_o the_o rate_n of_o five_o pound_n per_fw-la cent._n be_v allow_v for_o discount_v the_o bill_n and_o be_v pay_v to_o the_o office_n at_o the_o time_n of_o the_o month_n notice_n and_o that_o five_o pound_n per_fw-la share_n be_v pay_v upon_o transfer_v the_o stock_n of_o the_o office_n with_o other_o small_a fee_n for_o enter_v the_o bill_n and_o transfer'_v not_o exceed_v five_o shilling_n per_fw-la cent_z which_o fee_n be_v to_o belong_v to_o the_o owner_n of_o the_o stock_n and_o be_v to_o increase_v the_o fund_z of_o money_n for_o discount_v bill_n v._o that_o there_o be_v a_o clause_n in_o the_o act_n of_o parliament_n that_o no_o obligation_n or_o promise_n to_o transfer_v any_o bill_n or_o stock_n of_o the_o office_n shall_v be_v good_a in_o law_n or_o oblige_v to_o transfer_v they_o and_o that_o only_o the_o actual_a transfer_v in_o the_o book_n of_o the_o office_n shall_v pass_v the_o right_n of_o any_o bill_n or_o stock_n this_o will_v effectual_o prevent_v stock-jobbing_a which_o will_v lessen_v and_o disturb_v the_o value_n of_o the_o bill_n and_o stock_n and_o if_o not_o prevent_v will_v frustrate_v the_o whole_a design_n for_o the_o bill_n and_o stock_n of_o the_o office_n will_v be_v continual_o sell_v by_o contract_n and_o policy_n to_o avoid_v pay_v fee_n as_o be_v usual_a in_o other_o stock_n from_o these_o consideration_n that_o the_o five_o per_fw-mi cent_z '_o pay_v for_o discount_v the_o bill_n will_v increase_v the_o money_n deposit_v for_o discount_v they_o and_o with_o the_o interest_n will_v be_v always_o more_o than_o ten_o per_fw-la cent._n of_o the_o stock_n that_o the_o bill_n be_v make_v payable_a upon_o a_o month_n notice_n the_o office_n will_v know_v a_o month_n before_o what_o be_v to_o be_v pay_v and_o therefore_o can_v the_o better_o provide_v for_o payment_n and_o that_o from_o deliver_v the_o bill_n to_o the_o owner_n of_o the_o stock_n in_o such_o proportion_n of_o ten_o per_fw-mi cent_z as_o never_o to_o 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receive_v the_o five_o pound_n again_o in_o the_o value_n of_o their_o stock_n when_o ever_o the_o bill_n be_v discount_v beside_o the_o five_o pound_n pay_v for_o transfer_v the_o stock_n will_v increase_v the_o value_n of_o it_o and_o the_o often_o it_o be_v transfer_v the_o great_a will_v be_v the_o value_n whereas_o otherwise_o the_o great_a necessity_n for_o money_n at_o this_o time_n that_o the_o general_a scarcity_n of_o it_o will_v occasion_v many_o seller_n which_o will_v very_o much_o sink_v the_o value_n of_o the_o stock_n as_o in_o all_o other_o case_n the_o many_o seller_n and_o few_o buyer_n make_v thing_n cheap_a and_o the_o stock_n will_v be_v of_o the_o same_o value_n or_o worse_a than_o the_o tally_n now_o be_v whereof_o many_o of_o they_o can_v be_v discount_v for_o thirty_o nor_o forty_o per_fw-la cent._n but_o if_o it_o be_v consider_v what_o great_a profit_n the_o office_n may_v probable_o get_v by_o the_o often_o discount_v of_o bill_n and_o transfer_v of_o stock_n that_o if_o the_o bill_n shall_v be_v deliver_v out_o to_o half_a the_o value_n of_o the_o stock_n and_o the_o stock_n shall_v be_v transfer_v ten_o time_n the_o first_o value_n of_o the_o whole_a stock_n will_v be_v pay_v to_o the_o office_n and_o that_o if_o the_o profit_n shall_v not_o be_v so_o great_a it_o will_v be_v always_o certain_a without_o any_o loss_n it_o be_v very_o evident_a that_o all_o the_o tally_n subscribe_v to_o this_o office_n will_v so_o rise_v in_o their_o value_n as_o to_o be_v current_a money_n upon_o pay_v the_o charge_n of_o transfer_v they_o be_v five_o per_fw-mi cent_z '_o and_o those_o that_o be_v now_o the_o worse_a tally_n will_v be_v the_o best_a because_o they_o continue_v long_a in_o the_o office_n before_o they_o be_v pay_v off_o will_v receive_v the_o great_a share_n of_o profit_n which_o may_v be_v so_o great_a in_o time_n as_o to_o double_v the_o first_o value_n thus_o by_o settle_v this_o office_n the_o public_a credit_n may_v be_v raise_v and_o paper-credit_n restore_v but_o if_o these_o tally_n shall_v be_v subscribe_v to_o the_o bank_n of_o england_n it_o will_v be_v very_o uncertain_a whether_o it_o can_v be_v do_v though_o they_o shall_v endeavour_v to_o follow_v the_o same_o method_n because_o the_o subscriber_n will_v never_o be_v able_a to_o raise_v so_o much_o money_n at_o this_o time_n of_o scarcity_n as_o will_v be_v sufficient_a to_o discount_n the_o bank_n of_o england_n bill_n and_o those_o draw_v on_o tally_n which_o can_v be_v less_o than_o near_o two_o million_o to_o pay_v off_o the_o bank_n of_o england_n bill_n beside_o what_o will_v be_v necessary_a to_o discount_n their_o own_o for_o though_o it_o may_v be_v suppose_v that_o the_o bank_n of_o england_n bill_n may_v be_v take_v into_o the_o subscription_n with_o the_o tally_n and_o then_o less_o money_n will_v serve_v that_o can_v be_v rely_v on_o unless_o those_o that_o have_v the_o bill_n be_v force_v to_o subscribe_v which_o will_v be_v unreasonable_a for_o it_o be_v a_o know_a truth_n that_o their_o credit_n can_v never_o be_v raise_v without_o pay_v their_o bill_n those_o that_o have_v they_o will_v not_o subscribe_v because_o they_o know_v when_o the_o bank_n be_v engage_v in_o such_o a_o design_n they_o will_v be_v under_o a_o necessity_n to_o pay_v their_o bill_n with_o ready_a money_n and_o this_o consideration_n will_v be_v a_o obstruction_n to_o the_o subscribe_v the_o tally_n because_o they_o will_v be_v apprehensive_a that_o the_o ready_a money_n that_o they_o deposit_v for_o the_o discount_v of_o their_o own_o bill_n will_v be_v make_v use_n of_o to_o pay_v off_o the_o bank_n of_o england_n which_o will_v make_v the_o whole_a design_n uncertain_a and_o beside_o the_o danger_n of_o rely_v on_o such_o a_o uncertainty_n at_o a_o time_n when_o the_o nation_n so_o much_o want_v credit_n from_o the_o ill_a consequence_n if_o they_o shall_v not_o succeed_v it_o may_v be_v as_o dangerous_a on_o the_o contrary_a to_o the_o nation_n if_o the_o bank_n of_o england_n shall_v succeed_v for_o then_o by_o the_o conjunction_n of_o seven_o or_o eight_o million_o they_o will_v have_v so_o great_a credit_n as_o may_v give_v they_o such_o a_o power_n as_o to_o make_v they_o dangerous_a to_o the_o constitution_n of_o england_n and_o let_v the_o inconveniency_n be_v find_v hereafter_o never_o so_o great_a it_o may_v be_v out_o of_o the_o power_n of_o the_o government_n to_o remedy_n because_o they_o be_v found_v upon_o a_o perpetvity_n not_o redeemable_a but_o upon_o a_o great_a sum_n of_o money_n which_o will_v be_v very_o difficult_a for_o a_o parliament_n to_o raise_v when_o such_o a_o powerful_a interest_n may_v join_v to_o oppose_v the_o raise_v of_o it_o whereas_o if_o this_o office_n be_v settle_v it_o will_v in_o time_n determine_v of_o itself_o when_o the_o tally_n be_v pay_v off_o and_o the_o power_n in_o the_o interim_n may_v be_v so_o limit_v as_o no_o such_o jealousy_n may_v arise_v from_o their_o constitution_n n._n b._n