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Word A Word B Word C Word D Occurrence Frequency Band MI MI Band Prominent
nation_n bring_v kingdom_n people_n 1,745 5 4.3077 3 true
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ID Title Author Corrected Date of Publication (TCP Date of Publication) STC Words Pages
A43702 Decus & tutamen, or, Our new money as now coined in full weight and fineness proved to be for the honour, safety and advantage of England, written by way of answer to Sir Richard Temple and Dr. Barbon ; to which is added an essay to preserve our new money from being hoarded, melted down, transported or counterfeited. E. H. 1696 (1696) Wing H19; ESTC R23358 26,710 74

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so_o perplex_v our_o merchant_n that_o they_o can_v not_o possible_o carry_v on_o their_o foreign_a commerce_n without_o great_a difficulty_n and_o loss_n and_o if_o all_o this_o put_v the_o merchant_n upon_o petition_v the_o parliament_n for_o bring_v guinea_n low_a which_o be_v do_v at_o their_o request_n then_o i_o think_v it_o be_v plain_a that_o the_o lower_a they_o be_v not_o disadvantageous_a to_o we_o but_o absolute_o necessary_a for_o the_o carry_v on_o of_o foreign_a commerce_n and_o maintain_v the_o riches_n and_o grandeur_n of_o this_o nation_n for_o the_o high_a price_n of_o guinea_n first_o advance_v the_o course_n of_o exchange_n against_o we_o and_o all_o foreign_a commodity_n and_o second_o the_o price_n of_o inland_a good_n which_o nothing_o can_v be_v more_o plain_a than_o that_o lower_a of_o they_o have_v bring_v down_o and_o i_o can_v give_v instance_n almost_o in_o all_o commodity_n that_o have_v fall_v since_o guinea_n be_v bring_v low_a so_o that_o the_o gain_n thereby_o extend_v to_o all_o that_o have_v occasion_n either_o for_o apparel_n or_o victual_n whereas_o the_o loss_n by_o lower_v they_o chief_o fall_v on_o such_o as_o have_v great_a sum_n in_o their_o hand_n and_o who_o probable_o get_v as_o much_o or_o more_o by_o the_o rise_n of_o guineas_n as_o they_o lose_v by_o their_o fall_n and_o thus_o i_o have_v do_v with_o my_o argument_n against_o raise_v our_o coin_n of_o which_o though_o i_o may_v have_v say_v much_o more_o if_o my_o business_n other_o way_n will_v have_v permit_v yet_o i_o think_v the_o forego_n line_n be_v sufficient_a to_o prove_v that_o the_o raise_v our_o coin_n will_v infallible_o bring_v great_a loss_n to_o the_o whole_a body_n of_o this_o nation_n by_o raise_v foreign_a good_n and_o the_o course_n of_o exchange_n and_o likewise_o all_o inland_a commodity_n whereas_o the_o loss_n to_o we_o by_o continue_v the_o coin_n at_o the_o present_a standard_n be_v mere_o accidental_a and_o can_v only_o prove_v so_o by_o our_o coin_n be_v either_o melt_v down_o counterfeit_v or_o hoard_v all_o which_o it_o will_v be_v no_o less_o subject_a to_o be_v it_o coin_v light_a or_o the_o value_n raise_v as_o they_o will_v have_v it_o shall_v the_o price_n of_o bullion_n rise_v proportionable_o to_o what_o we_o advance_v our_o coin_n which_o it_o be_v more_o than_o probable_a it_o will_v and_o therefore_o since_o our_o coin_n though_o it_o be_v advance_v will_v still_o be_v liable_a to_o the_o aforesaid_a mischief_n the_o way_n to_o prevent_v and_o salve_v they_o will_v not_o be_v to_o coin_v our_o money_n light_a or_o base_a or_o raise_v its_o value_n but_o it_o will_v be_v to_o endeavour_v by_o all_o mean_v possible_a to_o prevent_v these_o mischief_n in_o order_n whereunto_o i_o have_v make_v the_o follow_a essay_n since_o many_o have_v take_v upon_o they_o to_o prescribe_v rule_n for_o the_o prevention_n of_o these_o great_a prejudices_fw-la to_o the_o nation_n of_o hoard_v melt_v down_o etc._n etc._n i_o shall_v take_v the_o liberty_n to_o throw_v in_o my_o mite_n for_o the_o preservation_n of_o the_o public_a treasure_n for_o the_o truth_n be_v though_o the_o currency_n of_o such_o money_n as_o be_v of_o full_a weight_n and_o fineness_n will_v conduce_v much_o to_o the_o facilitate_v all_o receipt_n and_o payment_n and_o tend_v extreme_o to_o the_o honour_n and_o advantage_n of_o the_o nation_n in_o several_a respect_n yet_o if_o we_o can_v find_v mean_n to_o prevent_v the_o great_a mischief_n of_o hoard_v melt_v down_o export_v etc._n etc._n it_o be_v to_o be_v fear_v we_o shall_v have_v a_o great_a diminution_n of_o our_o coin_n by_o these_o irregular_a and_o ill_a practice_n than_o we_o can_v possible_o make_v up_o by_o our_o mint_n and_o therefore_o i_o humble_o propose_v first_o to_o prevent_v hoard_v our_o coin_n this_o be_v certain_o the_o least_o unblamable_a of_o any_o of_o the_o ill_a practice_n because_o the_o money_n remain_v in_o specie_fw-la in_o the_o nation_n which_o on_o emergent_a occasion_n will_v probable_o be_v bring_v to_o light_v as_o we_o see_v great_a sum_n be_v of_o broad_a money_n at_o this_o time_n it_o be_v therefore_o the_o excessive_a hoard_v that_o be_v mischievous_a to_o the_o nation_n when_o man_n have_v such_o a_o love_n to_o money_n either_o for_o its_o beauty_n or_o intrinsic_a worth_n that_o rather_o than_o part_v with_o it_o they_o will_v let_v their_o just_a debt_n remain_v unpaid_a after_o due_a in_o hope_n or_o upon_o the_o expectation_n that_o a_o sum_n will_v short_o come_v into_o their_o hand_n that_o be_v less_o valuable_a though_o in_o the_o mean_a time_n perhaps_o the_o labourer_n and_o other_o artificer_n who_o have_v but_o just_a from_o hand_n to_o mouth_n want_v bread_n for_o themselves_o and_o family_n this_o be_v the_o case_n of_o such_o nation_n as_o have_v two_o sort_n of_o coin_n currant_n a_o better_a and_o a_o worse_o of_o the_o same_o denomination_n and_o this_o have_v long_o be_v our_o own_o case_n we_o have_v have_v the_o crown_n ½_o crown_n shilling_n and_o six_o penny_n new_a and_o old_a unclipt_a and_o clip_v and_o the_o consequence_n of_o that_o have_v be_v that_o our_o milled_a and_o broad_a money_n have_v be_v hoard_v and_o the_o clip_v only_o currant_n therefore_o if_o ever_o we_o will_v prevent_v the_o excessive_a hoard_v of_o our_o coin_n we_o must_v have_v it_o coin_v all_o of_o full_a weight_n by_o call_v all_o our_o money_n in_o that_o admit_v but_o of_o suspicion_n of_o be_v clip_v and_o when_o that_o be_v new_o coin_v and_o all_o our_o coin_n be_v mill_v or_o broad_a unclipt_a we_o shall_v find_v not_o a_o penny_n hoard_v that_o will_n any_o way_n be_v a_o detriment_n to_o the_o nation_n and_o for_o any_o gentleman_n etc._n etc._n to_o hoard_v so_o much_o money_n as_o be_v over_o and_o above_o what_o will_v defray_v all_o their_o expense_n and_o pay_v their_o debt_n can_v never_o hurt_v we_o but_o then_o this_o call_n in_o our_o old_a coin_n will_v best_o be_v do_v gradual_o as_o the_o wisdom_n of_o the_o parliament_n have_v begin_v to_o their_o exceed_a great_a commendation_n and_o in_o my_o poor_a opinion_n if_o the_o government_n in_o the_o space_n of_o six_o month_n by_o which_o time_n we_o shall_v have_v a_o million_o and_o a_o half_a of_o new_a money_n beside_o the_o great_a quantity_n of_o old_a mill_v coin_n and_o guinea_n shall_v call_v in_o all_o our_o present_a clip_a money_n it_o will_v i_o presume_v effectual_o prevent_v excessive_a hoard_v and_o we_o shall_v have_v much_o more_o plenty_n of_o money_n currant_n and_o ease_v in_o tell_v it_o than_o we_o have_v now_o which_o we_o can_v never_o expect_v so_o long_o as_o any_o of_o these_o clip_v sixpence_n etc._n etc._n be_v permit_v to_o go_v for_o the_o reason_n aforesaid_a 2._o to_o prevent_v the_o melt_v down_o our_o new_a coin_n i_o humble_o propose_v that_o the_o price_n of_o bullion_n may_v be_v settle_v by_o act_n of_o parliament_n at_o 5_o s._n per_fw-la ounce_n to_o all_o people_n that_o have_v deal_n in_o it_o within_o this_o kingdom_n except_o the_o merchant_n that_o import_v it_o who_o may_v have_v 5_o s._n 3_o d._n or_o 5_o s._n 4_o d._n per_fw-la ounce_n as_o a_o encouragement_n for_o bring_v it_o into_o the_o nation_n that_o all_o bullion_n import_v be_v buy_v of_o the_o merchant_n by_o the_o lord_n of_o the_o treasury_n or_o their_o agent_n for_o the_o king_n of_o who_o alone_o all_o such_o as_o have_v occasion_n shall_v buy_v their_o bullion_n at_o 5_o s._n per_fw-la ounce_n that_o to_o make_v good_a this_o 3_o d._n or_o 4_o d._n per_fw-la ounce_n and_o charge_n etc._n etc._n to_o the_o king_n a_o duty_n be_v lay_v on_o some_o commodity_n import_v as_o wine_n or_o the_o like_a to_o be_v pay_v by_o the_o retailer_n or_o importer_n as_o the_o parliament_n shall_v think_v proper_a that_o a_o enact_v account_v be_v keep_v of_o what_o bullion_n be_v import_v and_o to_o who_o it_o be_v dispose_v that_o so_o a_o estimate_n may_v be_v make_v what_o the_o king_n be_v out_o of_o purse_n and_o a_o duty_n lay_v according_o and_o if_o this_o account_n be_v audit_v once_o a_o month_n by_o the_o king_n auditor_n it_o will_v prevent_v his_o majesty_n be_v defraud_v that_o the_o officer_n concern_v in_o receive_v and_o dispose_n of_o this_o bullion_n shall_v be_v swear_v to_o deal_v just_o and_o fair_o and_o likewise_o give_v good_a security_n for_o the_o same_o that_o all_o person_n sell_v bullion_n to_o the_o king_n as_o import_v shall_v make_v oath_n that_o it_o be_v first_o land_a in_o england_n since_o a_o certain_a time_n that_o may_v be_v mention_v in_o the_o act_n and_o that_o such_o silver_n be_v never_o buy_v or_o sell_v before_o in_o this_o kingdom_n which_o will_v prevent_v the_o sell_n of_o any_o
must_v also_o be_v great_a loser_n by_o this_o advance_n of_o thing_n which_o be_v occasion_v by_o the_o rise_n of_o our_o coin_n 3._o all_o creditor_n who_o debt_n be_v contract_v before_o the_o rise_n of_o coin_n and_o not_o pay_v till_o afterward_o must_v lose_v because_o the_o debt_n be_v contract_v before_o the_o rise_n of_o thing_n and_o according_a to_o the_o value_n of_o money_n then_o but_o now_o money_n be_v raise_v and_o commodity_n likewise_o this_o when_o pay_v the_o creditor_n in_o the_o new_a money_n will_v not_o purchase_v so_o much_o by_o ⅕_n as_o if_o it_o have_v be_v pay_v he_o before_o this_o revolution_n of_o coin_n beside_o have_v the_o debt_n be_v in_o the_o creditor_n hand_n before_o the_o alteration_n of_o coin_n it_o will_v of_o itself_o increase_v ⅕_n which_o he_o also_o lose_v but_o on_o the_o other_o hand_n 1._o all_o day-labourer_n and_o 2._o all_o landed-man_n have_v tenant_n at_o will_n need_v not_o lose_v by_o this_o alteration_n of_o coin_n because_o they_o may_v advance_v the_o price_n of_o their_o work_n and_o income_n proportionable_a to_o the_o advance_v of_o money_n and_o commodity_n which_o loss_n must_v therefore_o fall_v 1._o on_o such_o as_o have_v occasion_n to_o employ_v these_o labourer_n as_o builder_n etc._n etc._n 2._o on_o these_o tenant_n at_o will_n who_o must_v advance_v the_o rent_n of_o the_o house_n or_o land_n they_o hold_v so_o that_o i_o think_v nothing_o can_v be_v make_v more_o apparent_a than_o that_o advance_v the_o currant_n value_n of_o money_n will_v be_v a_o loss_n not_o only_o to_o landed-man_n but_o to_o most_o other_o what_o be_v material_a in_o sir_n richard_n five_o remark_n be_v already_o answer_v i_o shall_v therefore_o say_v no_o more_o to_o it_o but_o consider_v sir_n richard_n six_o remark_n to_o keep_v up_o a_o old_a standard_n under_o a_o old_a denomination_n below_o the_o value_n of_o bullion_n be_v the_o great_a folly_n imaginable_a and_o for_o which_o we_o have_v pay_v dear_a for_o it_o first_o carry_v away_o all_o our_o gold_n and_o broad_a money_n and_o last_o all_o our_o milled_a money_n etc._n etc._n and_o the_o doctor_n say_v in_o the_o eight_o of_o his_o contrary_a proposition_n that_o it_o be_v the_o practice_n of_o all_o the_o government_n in_o europe_n to_o raise_v their_o money_n as_o the_o price_n of_o silver_n rise_v to_o sir_n r._n i_o answer_v that_o nothing_o can_v be_v great_a folly_n than_o to_o alter_v the_o standard_n of_o our_o coin_n as_o the_o price_n of_o any_o commodity_n be_v alter_v for_o money_n be_v the_o measure_n of_o commerce_n as_o both_o sir_n r._n and_o the_o doctor_n say_v it_o be_v to_o alter_v money_n be_v to_o alter_v the_o measure_n of_o all_o thing_n and_o that_o i_o be_o sure_a unless_o there_o be_v absolute_a necessity_n be_v both_o folly_n and_o injustice_n and_o be_v as_o though_o the_o buyer_n of_o timber_n or_o deal_v board_n shall_v have_v his_o two_o foot_n rule_v make_v long_o in_o proportion_n to_o what_o the_o seller_n advance_v the_o price_n of_o his_o wood._n it_o be_v great_a folly_n to_o advance_v the_o value_n of_o our_o coin_n in_o proportion_n to_o bullion_n or_o any_o other_o commodity_n because_o it_o will_v never_o answer_v the_o end_n for_o which_o it_o be_v raise_v i_o have_v sufficient_o prove_v that_o raise_v the_o coin_n will_v enhance_v the_o price_n of_o all_o commodity_n and_o therefore_o to_o advance_v the_o value_n of_o money_n to_o bring_v it_o to_o the_o same_o price_n with_o bullion_n instead_o of_o that_o it_o will_v advance_v the_o value_n of_o bullion_n that_o be_v a_o commodity_n as_o well_o as_o other_o thing_n and_o be_v indeed_o begin_v at_o the_o wrong_a end_n as_o if_o we_o shall_v bring_v the_o cart_n to_o the_o horse_n not_o that_o i_o can_v see_v that_o bullion_n before_o the_o regulation_n of_o our_o coin_n be_v advance_v proper_o speak_v to_o 6_o s._n 3_o d._n per_fw-la ounce_n as_o some_o fancy_n although_o it_o be_v frequent_o sell_v for_o that_o price_n yet_o if_o we_o consider_v that_o that_o 6_o s._n 3_o d._n of_o clip_v money_n be_v bona_fw-la fide_fw-la worth_n but_o 5_o s._n of_o our_o true_a milled_a coin_n it_o then_o follow_v that_o bullion_n be_v not_o advance_v so_o much_o as_o other_o commodity_n but_o be_v all_o along_o at_o the_o old_a price_n of_o 5_o s._n per_fw-la ounce_n if_o you_o will_v pay_v for_o it_o with_o money_n of_o full_a weight_n and_o fineness_n and_o to_o confirm_v this_o truth_n i_o have_v discourse_v with_o several_a eminent_a goldsmith_n who_o have_v great_a deal_n in_o plate_n and_o they_o tell_v i_o that_o what_o i_o have_v here_o assert_v be_v true_a and_o i_o be_o sure_a it_o be_v reasonable_a for_o as_o the_o ingenious_a mr._n lock_n observe_v it_o be_v impossible_a there_o shall_v ever_o be_v 15_o d._n difference_n between_o a_o ounce_n of_o sterling_a silver_n coin_v and_o a_o ounce_n uncoined_a though_o there_o may_v be_v 2_o d._n 3_o d._n or_o 4_o d._n per_fw-la ounce_n difference_n because_o bullion_n may_v be_v export_v and_o coin_a silver_n may_v not_o and_o because_o a_o crown_n piece_n want_v 2_o d._n of_o be_v 1_o ℥_o of_o silver_n and_o as_o the_o ill_a policy_n of_o coin_v our_o money_n light_a or_o make_v it_o go_v for_o ¼_n or_o 〈◊〉_d more_o than_o it_o be_v worth_a in_o other_o nation_n will_v appear_v so_o will_v it_o be_v great_a injustice_n because_o it_o will_v injure_v several_a sort_n of_o people_n the_o king_n for_o example_n must_v lose_v ⅕_n of_o what_o he_o take_v over_o to_o bear_v his_o expense_n in_o holland_n and_o so_o must_v the_o officer_n and_o every_o private_a soldier_n which_o will_v fall_v especial_o very_o heavy_a on_o the_o latter_a who_o out_o of_o their_o 3_o s._n a_o week_n allowance_n must_v but_o have_v ½_o a_o crown_n worth_a at_o most_o of_o the_o dutch_a victual_n drink_v etc._n etc._n and_o so_o will_v it_o likewise_o be_v a_o manifest_a injury_n to_o all_o person_n concern_v in_o foreign_a affair_n as_o i_o have_v sufficient_o prove_v before_o so_o that_o instead_o of_o be_v the_o great_a folly_n imaginable_a to_o keep_v our_o coin_n to_o the_o old_a standard_n for_o weight_n and_o fineness_n i_o think_v if_o right_o consider_v it_o will_v appear_v to_o be_v the_o most_o prudent_a and_o advantageous_a thing_n the_o government_n can_v do_v to_o keep_v it_o where_o it_o be_v and_o that_o more_o especial_o consider_v we_o be_v so_o deep_o engage_v in_o foreign_n concern_v and_o as_o to_o out_o domestic_a affair_n many_o i_o have_v show_v will_v be_v loser_n by_o this_o advance_n of_o coin_n but_o none_o can_v be_v gainer_n the_o truth_n be_v our_o inland_a trader_n pure_o live_v upon_o that_o will_v lose_v the_o least_o though_o they_o will_v gain_v nothing_o for_o what_o they_o will_v gain_v by_o the_o advance_v of_o their_o stock_n and_o cash_n just_a upon_o the_o revolution_n thereof_o they_o will_v in_o short_a time_n lose_v by_o pay_v dear_a for_o manufacture_v their_o good_n and_o all_o necessary_n but_o on_o the_o contrary_a though_o we_o can_v gain_v nothing_o but_o loss_n by_o advance_v of_o coin_n yet_o we_o shall_v be_v great_a gainer_n by_o continue_v the_o present_a standard_n because_o foreigner_n will_v take_v out_o money_n upon_o occasion_n at_o the_o same_o price_n we_o take_v it_o at_o and_o it_o will_v keep_v all_o commodity_n both_o foreign_a and_o inland_a at_o a_o reasonable_a price_n beside_o the_o honour_n and_o esteem_v the_o nation_n will_v just_o gain_v thereby_o in_o the_o eye_n of_o foreigner_n for_o as_o the_o ingenious_a sir_n william_n betty_n say_v of_o raise_v the_o denomination_n of_o coin_n that_o it_o be_v like_o compound_v to_o pay_v a_o debt_n and_o be_v a_o infallible_a sign_n of_o a_o bankrupt_a and_o poor_a nation_n so_o on_o the_o other_o hand_n the_o keep_v the_o coin_n to_o its_o primitive_a weight_n and_o purity_n be_v a_o indication_n of_o its_o wealth_n and_o riches_n as_o to_o the_o continue_v our_o coin_n on_o the_o present_a foot_n be_v the_o cause_n of_o carry_v away_o all_o our_o broad_a and_o milled_a money_n i_o answer_v that_o of_o the_o three_o part_n viz._n what_o be_v export_v hoard_v and_o melt_v down_o i_o real_o believe_v the_o part_n carry_v away_o to_o be_v the_o least_o and_o the_o part_n hoard_v the_o great_a and_o this_o will_v appear_v by_o consider_v in_o who_o hand_n the_o great_a part_n of_o this_o cash_n lie_v it_o can_v be_v deny_v but_o that_o the_o nobility_n gentry_n and_o inland_a trader_n together_o be_v rich_a and_o have_v more_o money_n than_o either_o the_o merchant_n actual_o trading_n beyond_o the_o sea_n on_o the_o manufacturer_n of_o plate_n call_v goldsmith_n and_o therefore_o it_o be_v most_o certain_a the_o great_a part_n of_o our_o