Selected quad for the lemma: money_n

Word A Word B Word C Word D Occurrence Frequency Band MI MI Band Prominent
money_n penny_n pound_n shilling_n 11,867 5 11.8510 5 true
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ID Title Author Corrected Date of Publication (TCP Date of Publication) STC Words Pages
A60872 Some thoughts of the interest of England Shewing first, how the nation may be eas'd of all manner of taxes at the small charge of two pence per pound, on the annual incom. Secondly, how to reduce all exchequer tallies (if there be ten millions of them) to a par with money, paying only two and a half per cent discount. Thirdly, save the nation all the interest the king now pays (which is about one million per annum) by a lover of commerce. Lover of commerce. 1697 (1697) Wing S4629; ESTC R214020 5,256 16

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some_o thought_n of_o the_o interest_n of_o england_n show_v first_n how_o the_o nation_n may_v be_v ease_v of_o all_o manner_n of_o tax_n at_o the_o small_a charge_n of_o two_o penny_n per_fw-la pound_n on_o the_o annual_a incom_n second_o how_o to_o reduce_v all_o exchequer_n tally_n if_o there_o be_v ten_o million_o of_o they_o to_o a_o par_fw-fr with_o money_n pay_v only_o two_o and_o a_o half_a per_fw-la cent_z discount_n three_o save_o the_o nation_n all_o the_o interest_n the_o king_n now_o pay_v which_o be_v about_o one_o million_o per_fw-la annum_fw-la by_o a_o lover_n of_o commerce_n london_n print_v by_o t._n s._n and_o sold_n by_o e._n whitlock_n near_o stationers-hall_n 1697._o the_o author_n preface_n to_o the_o reader_n the_o subject_n of_o the_o ensue_a discourse_n be_v matter_n of_o observation_n and_o experiment_n admit_v of_o no_o embellishment_n of_o expression_n to_o usher_v it_o into_o the_o world_n the_o universal_a interest_n of_o the_o nation_n who_o it_o equal_o concern_v and_o the_o seasonableness_n of_o such_o a_o proposal_n in_o this_o juncture_n of_o affair_n will_v no_o doubt_n invite_v many_o to_o read_v and_o peruse_v it_o and_o if_o they_o will_v but_o do_v themselves_o and_o i_o the_o justice_n to_o suspend_v their_o judgement_n till_o they_o have_v serious_o and_o mature_o weigh_v and_o digest_v every_o particular_a i_o shall_v not_o much_o fear_n a_o welcome_a reception_n for_o the_o general_a bane_n of_o all_o proposal_n of_o this_o nature_n be_v either_o the_o precipitancy_n or_o partiality_n of_o the_o reader_n who_o be_v overfond_a of_o their_o receive_a opinion_n and_o impatient_a of_o what_o be_v new_a or_o uncommon_a be_v not_o easy_o bring_v off_o their_o old_a bias_n or_o incline_v to_o join_v issue_n with_o any_o thing_n that_o relish_v of_o novelty_n but_o it_o be_v the_o unprejudiced_a and_o judicious_a reader_n who_o approbation_n i_o chief_o covet_v i_o can_v easy_o have_v find_v out_o other_o more_o solemn_a method_n of_o convey_v these_o thought_n to_o the_o knowledge_n of_o the_o public_a but_o that_o i_o think_v this_o simple_a and_o homely_a way_n of_o appearance_n may_v as_o well_o serve_v my_o design_n of_o advance_v the_o glory_n and_o good_a of_o my_o king_n and_o country_n at_o a_o time_n when_o the_o people_n just_o possess_v of_o a_o welcome_a and_o honourable_a peace_n be_v expect_v to_o be_v free_v of_o the_o heavy_a tax_n entail_v upon_o they_o by_o the_o precede_a war_n which_o i_o think_v the_o follow_a scheme_n do_v effectual_o compass_v without_o impair_n his_o majesty_n treasury_n some_o thought_n of_o the_o interest_n of_o england_n have_v take_v into_o consideration_n the_o burdensome_a and_o heavy_a tax_n occasion_v by_o the_o late_a expensive_a war_n and_o withal_o the_o necessity_n of_o continue_v the_o same_o for_o supply_v the_o deficiency_n of_o former_a fund_n and_o pay_v the_o debt_n of_o the_o crown_n i_o have_v bend_v my_o thought_n upon_o a_o expedient_a for_o remove_v that_o eyesore_a and_o raise_v equal_a sum_n of_o money_n for_o the_o use_v of_o the_o public_a without_o they_o which_o i_o humble_o offer_v in_o the_o follow_a particular_n 1._o that_o a_o act_n of_o parliament_n do_v lay_v two_o and_o a_o half_a per_fw-la cent._n or_o six_o penny_n per_fw-la pound_n on_o the_o receiver_n of_o all_o money_n in_o specie_fw-la be_v not_o under_o five_o pound_n and_o that_o the_o bank_n of_o england_n be_v branch_v into_o every_o city_n and_o market-town_n in_o england_n and_o that_o the_o several_a branch_n be_v accountable_a to_o the_o general_n bank_n at_o london_n for_o the_o profit_n of_o their_o respective_a branch_n the_o capital_a stock_n remain_v at_o the_o disposal_n of_o those_o who_o have_v lodge_v their_o money_n in_o such_o branch_n on_o their_o note_n and_o any_o person_n who_o be_v owner_n of_o one_o or_o more_o of_o these_o note_n shall_v give_v their_o vote_n for_o establish_v of_o officer_n employ_v in_o manage_v such_o particular_a branch_n only_o the_o king_n may_v appoint_v one_o officer_n in_o every_o branch_n to_o inspect_v into_o the_o say_a tax_n of_o six_o penny_n per_fw-la pound_n 2._o that_o no_o payment_n in_o money_n be_v discharge_v if_o not_o under_o five_o pound_n unless_o pay_v at_o the_o bank_n or_o branch_n with_o a_o stamp-discharge_a make_v on_o purpose_n certify_v the_o payment_n of_o the_o say_a tax_n of_o six_o penny_n per_fw-la pound_n under_o a_o large_a penalty_n and_o forfeiture_n of_o the_o money_n illegal_o pay_v and_o that_o no_o person_n shall_v by_o law_n be_v discharge_v for_o pay_v any_o sum_n of_o money_n of_o five_o pound_n or_o upward_o without_o a_o stamp-discharge_a from_o the_o bank_n or_o branch_n 3._o that_o all_o person_n that_o shall_v accept_v the_o credit_n of_o this_o bank_n or_o branch_n and_o pay_v in_o any_o sum_n of_o money_n not_o under_o five_o pound_n on_o their_o note_n shall_v receive_v one_o per_fw-mi cent._n which_o be_v one_o shilling_n for_o every_o five_o pound_n so_o pay_v in_o which_o will_v present_o bring_v into_o the_o bank_n and_o branch_n several_a million_o and_o enable_v they_o to_o lend_v the_o king_n on_o parliamentary_a fund_n what_o ready_a money_n he_o shall_v desire_v and_o also_o buy_v up_o all_o the_o exchequer_n tally_n in_o the_o space_n of_o one_o year_n at_o two_o and_o a_o half_a per_fw-la cent._n discount_n as_o shall_v appear_v afterward_o 4._o that_o the_o say_a tax_n of_o two_o and_o a_o half_a per_fw-la cent._n upon_o receipt_n of_o money_n be_v continue_v and_o keep_v in_o force_n for_o the_o same_o number_n of_o year_n as_o be_v grant_v to_o the_o bank_n of_o england_n and_o that_o this_o two_o and_o a_o half_a per_fw-la cent._n after_o the_o aforesaid_a one_o per_fw-la cent._n be_v deduct_v be_v a_o fund_z to_o make_v good_a the_o credit_n of_o this_o bank_n and_o branch_n and_o after_o the_o credit_n be_v secure_v the_o say_v remain_v tax_n of_o one_o and_o a_o half_a per_fw-la cent_z shall_v remain_v and_o be_v at_o the_o disposal_n of_o parliament_n and_o appropriate_v to_o the_o discharge_n of_o the_o crown-debt_n contract_v by_o the_o late_a war._n 5._o that_o the_o annual_a profit_n of_o this_o bank_n and_o branch_n shall_v be_v divide_v among_o the_o proprietor_n of_o the_o bank_n of_o england_n and_o the_o king_n in_o proportion_n to_o their_o stock_n the_o king_n dividend_n be_v at_o the_o disposal_n of_o parliament_n 6._o that_o the_o bank_n of_o england_n and_o every_o particular_a branch_n of_o it_o by_o act_n of_o parliament_n do_v in_o fourteen_o day_n after_o the_o lodgement_n of_o any_o sum_n or_o sum_n of_o money_n on_o their_o credit_n or_o note_n lend_v or_o utter_v in_o note_n one_o five_o of_o their_o several_a stock_n then_o in_o cash_n one_o three_o of_o which_o five_o be_v to_o be_v lend_v the_o king_n on_o parliamentary_a fund_n at_o three_o and_o a_o half_a per_fw-la cent._n interest_n and_o the_o other_o two_o three_o on_o the_o forward_a exchequer_n tally_n at_o two_o and_o a_o half_a per_fw-la cent._n discount_n both_o to_o be_v pay_v in_o note_n and_o at_o the_o end_n of_o other_o 14_o day_n the_o say_a bank_n and_o branch_n shall_v again_o lend_v in_o note_n one_o fitfth_n more_o of_o their_o several_a stock_n then_o in_o cash_n on_o the_o same_o security_n and_o so_o on_o till_o all_o the_o exchequer_n tally_n etc._n etc._n be_v bring_v into_o the_o bank_n and_o branch_n as_o suppose_v this_o bank_n and_o branch_n to_o have_v in_o cash_n by_o they_o at_o the_o end_n of_o every_o 14_o day_n but_o 3_o million_o and_o a_o half_a the_o bank_n and_o branch_n by_o computation_n will_v then_o lend_v the_o king_n six_o million_o on_o parliamentary_a fund_n and_o bring_v in_o above_o 12_o million_o of_o exchequer_n tally_n etc._n etc._n in_o the_o space_n of_o one_o year_n at_o two_o and_o a_o half_a per_fw-la cent._n discount_n which_o tally_n be_v now_o discount_v at_o very_o great_a loss_n to_o the_o unspeakable_a prejudice_n of_o the_o king_n and_o subject_a and_o thereby_o sink_v the_o vast_a interest_n of_o about_o one_o million_o per_fw-la annum_fw-la which_o the_o king_n now_o pay_v and_o will_v then_o be_v discharge_v by_o the_o publick'_v give_v credit_n to_o the_o bank_n and_o branch_n this_o method_n will_v also_o enable_v they_o to_o lend_v the_o king_n on_o parliamentary_a fund_n 500000_o l._n per_fw-la month_n at_o three_o and_o a_o half_a per_fw-la cent._n interest_n and_o supply_v his_o majesty_n with_o ready_a money_n to_o pay_v the_o army_n and_o navy_n and_o purchase_v provision_n and_o store_n at_o the_o best_a hand_n which_o be_v now_o take_v up_o at_o extravagant_a rate_n as_o also_o enable_v the_o principal_a trading-man_n of_o the_o kingdom_n who_o most_o of_o they_o have_v considerable_a stock_n in_o tally_n to_o carry_v on_o their_o
respective_a trade_n with_o ready_a money_n which_o other_o who_o be_v the_o now_o master_n of_o ready_a money_n do_v not_o so_o well_o understand_v which_o be_v partly_o the_o cause_n of_o the_o great_a scarcity_n of_o money_n and_o want_n of_o trade_n we_o have_v feel_v these_o twenty_o month_n past_a and_o to_o reduce_v these_o tally_n to_o money_n by_o the_o say_a method_n must_v be_v a_o absolute_a addition_n to_o the_o specie_fw-la of_o the_o nation_n and_o make_v bank_n bill_n two_o and_o a_o half_a per_fw-la cent._n better_o than_o money_n by_o reason_n of_o their_o immunity_n from_o the_o foresay_a tax_n and_o it_o be_v plain_a this_o method_n must_v answer_v what_o be_v here_o propose_v bank_n note_n be_v good_a in_o all_o receipt_n and_o payment_n to_o and_o from_o the_o king_n and_o the_o two_o and_o a_o half_a per_fw-la cent._n or_o six_o penny_n per_fw-la pound_n lie_v on_o any_o person_n that_o take_v out_o money_n and_o one_o per_fw-la cent._n advantage_n for_o he_o that_o bring_v it_o in_o and_o there_o be_v no_o other_o demand_n upon_o the_o exchequer_n but_o the_o bank_n and_o branch_n to_o answer_v their_o discounted_a tally_n must_v needs_o bring_v the_o whole_a run_a cash_n of_o the_o nation_n which_o be_v compute_v at_o 6_o or_o 7_o million_o into_o the_o bank_n and_o branch_n of_o it_o and_o thereby_o enlarge_v the_o public_a credit_n 12_o million_o in_o one_o year_n and_o exceed_o advance_v trade_n and_o the_o king_n revenue_n pay_v the_o debt_n of_o the_o nation_n and_o at_o the_o same_o time_n accommodate_v the_o people_n in_o free_v they_o from_o other_o tax_n etc._n etc._n now_o to_o show_v the_o reasonableness_n of_o this_o tax_n we_o will_v suppose_v a_o gent._n to_o have_v 500_o l._n per_fw-la annum_fw-la and_o that_o upon_o receipt_n of_o the_o same_o he_o pay_v this_o whole_a tax_n of_o six_o penny_n per_fw-la pound_n he_o will_v then_o pay_v twelve_o pound_n ten_o shilling_n per_fw-la annum_fw-la and_o suppose_v the_o same_o person_n to_o pay_v the_o last_o year_n land-tax_a of_o four_o shilling_n in_o the_o pound_n he_o will_v then_o pay_v one_o hundred_o pound_n per_fw-la annum_fw-la so_o that_o the_o say_a tax_n of_o six_o penny_n per_fw-la pound_n here_o propose_v be_v but_o the_o one_o eight_o part_n of_o the_o land-tax_a which_o be_v whole_o take_v off_o and_o this_o of_o 6_o d._n per_fw-la pound_n lay_v on_o certain_o can_v be_v account_v any_o burden_n to_o the_o subject_a especial_o when_o a_o man_n of_o 500_o l._n per_fw-la annum_fw-la do_v not_o spend_v or_o use_v above_o one_o three_o of_o his_o estate_n in_o sum_n under_o 5_o pound_n which_o will_v reduce_v this_o tax_n of_o six_o penny_n per_fw-la pound_n from_o 12_o l._n 10_o s._n to_o 4_o l._n 3_o s._n and_o 4_o d._n which_o be_v but_o the_o twenty_o four_o part_n of_o the_o say_v land-tax_a of_o 4_o s._n per_fw-la pound_n a_o trifle_n not_o to_o be_v regard_v in_o respect_n of_o the_o great_a accommodation_n this_o method_n bring_v with_o it_o for_o this_o tax_n may_v take_v all_o other_o tax_n off_o be_v continue_v for_o a_o certain_a number_n of_o year_n and_o i_o suppose_v 12_o year_n may_v answer_v all_o for_o allow_v this_o propose_a tax_n and_o the_o king_n profit_n in_o the_o bank_n to_o be_v but_o 50000_o l._n per_fw-la annum_fw-la this_o method_n will_v sink_v all_o the_o interest_n the_o king_n now_o pay_v in_o the_o space_n of_o one_o year_n and_o make_v every_o man_n master_n of_o his_o whole_a money_n that_o he_o have_v on_o any_o loan_n pay_v only_o two_o and_o a_o half_a per_fw-la cent._n discount_n and_o certain_o all_o these_o tally_n upon_o loan_n be_v reduce_v to_o money_n add_v many_o million_o to_o the_o specie_fw-la of_o the_o nation_n and_o much_o inlve_v trade_n and_o augment_v the_o price_n of_o land_n for_o the_o more_o money_n a_o nation_n have_v the_o more_o buy_v of_o land_n and_o i_o conceive_v advance_v of_o credit_n and_o make_v money_n less_o useful_a be_v the_o same_o thing_n as_o increase_v specie_fw-la or_o coin_n of_o the_o nation_n some_o may_v object_v and_o say_v this_o tax_n of_o six_o penny_n per_fw-la pound_n will_v be_v hard_a upon_o trade_n which_o it_o can_v never_o be_v for_o all_o merchant_n and_o trading-man_n will_v accept_v of_o the_o credit_n of_o this_o bank_n and_o branch_n to_o avoid_v the_o tax_n of_o the_o six_o penny_n per_fw-la pound_n and_o they_o have_v no_o more_o occasion_n for_o sum_n under_o five_o pound_n than_o a_o gent._n have_v no_o other_o than_o to_o defray_v the_o petty_a expense_n of_o their_o pocket_n and_o family_n but_o it_o be_v true_a the_o manufacturer_n and_o mechanic_n and_o builder_n who_o want_v money_n in_o small_a sum_n every_o saturday-night_n must_v take_v money_n out_o of_o the_o bank_n or_o branch_n at_o two_o and_o a_o half_a per_fw-la cent._n but_o this_o can_v be_v call_v a_o tax_n of_o two_o and_o a_o half_a per_fw-la cent._n on_o they_o by_o reason_n all_o manufacturer_n and_o builder_n will_v not_o pay_v above_o one_o three_o of_o this_o tax_n because_o two_o three_o of_o it_o go_v in_o sum_n of_o five_o pound_n or_o upward_o for_o which_o they_o pay_v no_o tax_n but_o accept_v of_o bank_n bill_n from_o man_n to_o man_n to_o avoid_v the_o tax_n so_o on_o the_o whole_a matter_n this_o be_v but_o a_o easy_a tax_n and_o do_v not_o amount_v to_o above_o two_o penny_n per_fw-la pound_n or_o 16_o s._n and_o 8_o d._n per_fw-la cent._n which_o can_v never_o hurt_v trade_n for_o it_o will_v in_o the_o first_o place_n increase_v their_o several_a trade_n by_o the_o advance_v of_o the_o currency_n and_o plenty_n of_o money_n second_o they_o will_v seldom_o want_v money_n as_o they_o do_v now_o by_o reason_n of_o the_o great_a currency_n of_o bank_n bill_n for_o it_o be_v but_o pay_v 6_o d._n per_fw-la pound_n and_o they_o be_v present_o reduce_v to_o money_n &_o there_o will_v be_v but_o little_a need_n of_o credit_n when_o the_o specie_fw-la be_v so_o large_a for_o this_o way_n of_o credit_n will_v make_v near_o 4_o time_n as_o many_o bill_n currant_n as_o there_o be_v cash_n in_o the_o bank_n and_o branch_n for_o it_o be_v account_v if_o a_o goldsmith_n have_v 20000_o l._n by_o he_o in_o cash_n he_o have_v 60000_o l._n credit_n then_o certain_o the_o bank_n and_o branch_n here_o mention_v must_v have_v double_a the_o credit_n of_o a_o goldsmith_n who_o be_v subject_a to_o many_o casualty_n which_o this_o bank_n and_o branch_n be_v not_o and_o every_o man_n will_v be_v for_o pay_v money_n into_o the_o bank_n for_o the_o advantage_n of_o the_o 1_o per_fw-la cent._n and_o none_o will_v take_v out_o but_o such_o as_o want_v pocket-money_n and_o for_o manufacture_n or_o building_n etc._n etc._n &_o as_o fast_o as_o they_o take_v it_o out_o at_o two_o and_o a_o half_a per_fw-la cent._n it_o shift_v hand_n and_o come_v to_o the_o retailer_n who_o will_v pay_v it_o in_o again_o for_o the_o sake_n of_o the_o one_o per_fw-la cent._n allow_v for_o the_o pay_a money_n into_o the_o bank_n or_o branch_n but_o suppose_v this_o tax_n of_o six_o penny_n per_fw-la pound_n to_o take_v off_o no_o other_o tax_n which_o may_v be_v lay_v the_o ensue_a year_n yet_o it_o may_v be_v high_o necessary_a to_o lay_v this_o tax_n by_o reason_n it_o will_v infallible_o sink_v all_o the_o interest_n the_o king_n now_o pay_v in_o one_o year_n and_o restore_v the_o public_a credit_n and_o thereby_o increase_v trade_n and_o augment_v the_o specie_fw-la of_o the_o nation_n and_o furnish_v the_o subject_a with_o ready_a money_n which_o they_o now_o want_v the_o re-establish_a of_o paper-credit_n have_v be_v much_o seek_v for_o but_o hitherto_o i_o do_v not_o observe_v it_o be_v find_v his_o majesty_n now_o pay_v a_o large_a interest_n to_o procure_v the_o circulation_n of_o exchequer_n bill_n and_o help_v the_o public_a credit_n and_o yet_o those_o bill_n be_v discount_v at_o 5_o or_o 6_o per_fw-la cent._n and_o in_o the_o outpart_n of_o the_o kingdom_n at_o much_o more_o which_o come_v short_a of_o the_o wish_a for_o end_n and_o do_v not_o remove_v the_o cause_n nor_o altogether_o help_v the_o subject_a whereas_o by_o this_o method_n propose_v the_o king_n will_v be_v furnish_v with_o what_o money_n he_o please_v on_o parliamentary_a fund_n at_o three_o and_o a_o half_a per_fw-la cent._n interest_n per_fw-la annum_fw-la note_v that_o this_o way_n of_o tax_n at_o six_o penny_n per_fw-la pound_n on_o money_n do_v not_o compel_v any_o man_n to_o pay_v his_o money_n into_o the_o bank_n or_o branch_n for_o he_o may_v keen_a what_o money_n he_o please_v by_o he_o but_o whenever_o he_o pay_v any_o money_n away_o he_o be_v oblige_v under_o a_o large_a penalty_n etc._n etc._n to_o get_v one_o per_fw-la cent._n for_o pay_v his_o money_n into_o the_o bank_n or_o branch_n of_o it_o and_o whatever_o loss_n or_o casualty_n by_o fire_n robbery_n or_o otherwise_o shall_v happen_v to_o the_o bank_n or_o any_o of_o the_o branch_n the_o bank_n of_o england_n shall_v be_v oblige_v to_o make_v good_a out_o of_o the_o profit_n and_o incom_n of_o the_o bank_n and_o branch_n and_o the_o king_n tax_n shall_v bear_v a_o proportionable_a part_n but_o that_o all_o officer_n employ_v in_o this_o bank_n etc._n etc._n shall_v give_v security_n for_o their_o place_n according_a to_o their_o trust_n and_o last_o for_o the_o more_o security_n of_o this_o bank_n and_o branch_n the_o proposer_n have_v a_o method_n to_o prevent_v any_o manner_n of_o counterfeit_n or_o if_o a_o man_n mislay_n or_o be_v rob_v of_o his_o bill_n the_o taker_n shall_v have_v no_o advantage_n thereby_o but_o the_o owner_n shall_v go_v to_o the_o bank_n or_o branch_n wherever_o it_o be_v give_v and_o receive_v another_o bill_n for_o it_o as_o if_o it_o have_v not_o be_v lose_v and_o every_o market-town_n in_o england_n shall_v have_v different_a bill_n yet_o they_o shall_v be_v good_a all_o over_o the_o kingdom_n which_o will_v save_v trader_n the_o whole_a inland_a exchange_n and_o very_o much_o advance_v trade_n and_o put_v a_o end_n to_o high-way-man_n and_o robber_n finis_fw-la