the_o useful_a stock_n of_o the_o nation_n at_o least_o one_o three_o part_n and_o great_o â—ase_v the_o course_n of_o trade_n as_o i_o humble_o conceive_v this_o will_v do_v i_o hope_v none_o will_v deny_v but_o it_o may_v consist_v with_o the_o wisdom_n of_o parliament_n to_o create_v new_a law_n 3._o most_o of_o our_o statute_n be_v make_v in_o time_n before_o we_o understand_v trade_n in_o england_n and_o the_o same_o policy_n and_o law_n that_o be_v good_a then_o and_o may_v yet_o be_v good_a for_o a_o country_n destitute_a of_o commerce_n may_v not_o be_v so_o fit_a for_o we_o now_o nor_o for_o any_o nation_n so_o abound_v with_o trade_n as_o england_n do_v at_o present_a object_n 2._o may_v not_o this_o occasion_n many_o cheat_n and_o law_n suit_v answ._n 1._o i_o answer_v no_o experience_n manifest_v the_o contrary_a not_o only_o in_o other_o kingdom_n and_o country_n abroad_o where_o transferrance_n of_o bill_n of_o debt_n be_v in_o use_n but_o even_o in_o our_o own_o where_o 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such_o a_o law_n as_o this_o be_v very_o troublesome_a especial_o in_o fair_n and_o market_n and_o also_o to_o gentleman_n and_o lady_n when_o they_o shall_v be_v force_v for_o all_o good_n they_o buy_v above_o the_o value_n of_o 10_o l._n to_o give_v bill_n under_o their_o hand_n and_o seal_n i_o answer_v this_o law_n will_v not_o at_o all_o incomode_fw-fr gentleman_n as_o to_o what_o they_o buy_v in_o shop_n etc._n etc._n neither_o those_o that_o converse_v in_o fair_n and_o market_n for_o that_o which_o gentleman_n buy_v in_o shop_n etc._n etc._n and_o other_o in_o fair_n etc._n etc._n they_o either_o pay_v or_o promise_v ready_a money_n or_o else_o say_v nothing_o of_o the_o time_n or_o payment_n which_o the_o law_n understand_v to_o be_v the_o same_o with_o a_o promise_n of_o present_a pay_n so_o that_o if_o they_o give_v no_o bill_n there_o be_v no_o penalty_n attend_v the_o neglect_n or_o refusal_n but_o only_o that_o the_o contract_n between_o the_o buyer_n and_o seller_n shall_v be_v presume_v in_o the_o law_n to_o be_v as_o if_o it_o be_v make_v for_o ready_a money_n chap._n vi_o concern_v a_o court_n merchant_n i_o have_v conceive_v great_a hope_n from_o the_o late_a most_o prudent_a and_o charitable_a institution_n of_o that_o judicature_n for_o determination_n of_o difference_n touch_v house_n burn_v by_o the_o late_a fire_n in_o london_n that_o this_o kingdom_n will_v at_o length_n be_v bless_v with_o a_o happy_a method_n for_o the_o speedy_a easy_a and_o cheap_a decide_n of_o difference_n between_o merchant_n master_n of_o ship_n and_o seaman_n etc._n etc._n by_o some_o court_n or_o court_n of_o merchant_n like_o those_o which_o be_v establish_v in_o most_o of_o the_o great_a city_n and_o town_n in_o france_n holland_n and_o other_o place_n the_o want_n whereof_o in_o england_n be_v and_o have_v ever_o be_v a_o great_a bar_n to_o the_o progress_n and_o grandeur_n of_o the_o trade_n of_o this_o kingdom_n as_o for_o instance_n if_o merchant_n happen_v to_o have_v difference_n with_o master_n and_o owner_n of_o ship_n upon_o charter-party_n or_o account_n beyond_o sea_n etc._n etc._n the_o suit_n be_v common_o first_o commence_v in_o the_o admiralty_n court_n where_o after_o tedious_a attendance_n and_o vast_a expense_n probable_o just_a before_o the_o cause_n shall_v come_v to_o determination_n it_o be_v either_o remove_v into_o the_o deligate_n where_o it_o may_v hang_v in_o suspense_n until_o the_o plaintiff_n and_o defendant_n have_v empty_a purse_n and_o grey_a head_n or_o else_o because_o most_o contract_n for_o martain_n affair_n be_v make_v upon_o the_o land_n and_o most_o accident_n happen_v in_o some_o river_n or_o harbour_n here_o or_o beyond_o sea_n be_v not_o in_o alto_fw-mi mari_fw-fr the_o defendant_n bring_v his_o writ_n of_o prohibition_n and_o remove_v the_o cause_n into_o his_o majesty_n court_n of_o king's-bench_n where_o after_o great_a expense_n of_o time_n and_o money_n it_o be_v well_o if_o we_o can_v make_v our_o own_o council_n be_v common_a lawyer_n understand_v one_o half_a of_o our_o case_n we_o be_v among_o they_o as_o in_o a_o foreign_a country_n our_o language_n strange_a to_o they_o and_o they_o as_o strange_a to_o we_o after_o all_o no_o attestation_n of_o foreign_a notary_n nor_o other_o public_a instrument_n from_o beyond_o sea_n be_v evidence_n at_o law_n and_o the_o account_n depend_v consist_v perhaps_o of_o a_o hundred_o or_o more_o several_a article_n which_o be_v as_o so_o many_o issue_n at_o law_n the_o cause_n must_v come_v into_o the_o chancery_n where_o after_o many_o year_n tedious_a travel_n to_o westminster_n with_o black_a box_n and_o green_a bag_n when_o the_o plaintiff_n and_o defendant_n have_v tire_v their_o body_n distract_v their_o mind_n and_o consume_v their_o estate_n the_o cause_n if_o ever_o it_o be_v end_v be_v common_o by_o order_n of_o that_o court_n refer_v to_o merchant_n end_v miserable_o where_o it_o may_v have_v have_v at_o first_o a_o happy_a issue_n if_o it_o have_v begin_v right_o from_o whence_o follow_v these_o national_a inconvenience_n 1._o it_o be_v a_o vast_a expense_n to_o the_o person_n concern_v 2._o it_o take_v off_o man_n from_o follow_v their_o calling_n to_o the_o public_a loss_n as_o well_o as_o the_o particular_a damage_n of_o the_o concern_v that_o time_n be_v lose_v to_o the_o nation_n that_o be_v spend_v in_o law-suit_n 3._o it_o make_v man_n after_o they_o have_v once_o attain_v indifferent_a estate_n to_o leave_v trading_n and_o for_o ease_n to_o turn_v country-gentleman_n whereas_o great_a and_o experience_a man_n be_v the_o only_a person_n that_o must_v mate_v the_o dutch_a in_o trade_n if_o ever_o we_o do_v it_o 4._o it_o be_v my_o opinion_n a_o great_a cause_n of_o the_o prodigality_n idleness_n and_o injustice_n of_o many_o of_o our_o master_n of_o ship_n in_o england_n and_o consequent_o a_o wonderful_a bar_n to_o the_o growth_n of_o our_o english_a navigation_n who_o know_v that_o their_o owner_n can_v legal_o eject_v they_o especial_o if_o the_o master_n have_v a_o part_n of_o the_o ship_n himself_o but_o that_o remedy_n to_o the_o owner_n will_v be_v worse_o than_o the_o disease_n which_o occasion_n master_n to_o presume_v to_o do_v those_o thing_n and_o be_v guilty_a of_o such_o neglect_v as_o natural_o they_o will_v not_o if_o they_o stand_v more_o upon_o their_o good_a behaviour_n i_o can_v say_v much_o more_o of_o the_o damage_n this_o nation_n sustain_v by_o the_o want_n of_o a_o law-merchant_n but_o that_o be_v so_o evident_a to_o all_o man_n experience_n that_o i_o shall_v not_o long_o insist_v upon_o it_o but_o proceed_v humble_o to_o propose_v some_o particular_n which_o be_v due_o consider_v may_v peradventure_o by_o wise_a head_n be_v improve_v towards_o the_o cure_n of_o this_o evil_a viz._n 1._o that_o it_o be_v enact_v that_o there_o shall_v be_v erect_v within_o the_o city_n of_o london_n a_o stand_a court-merchant_n to_o consist_v of_o twelve_o able_a merchant_n such_o as_o shall_v be_v choose_v by_o the_o livery_n man_n of_o the_o say_a city_n in_o their_o common_a hall_n at_o the_o time_n and_o in_o the_o manner_n herein_o after_o limit_v and_o appoint_v 2._o that_o the_o say_v twelve_o person_n so_o to_o be_v elect_v or_o any_o three_o or_o more_o of_o they_o sit_v at_o the_o same_o time_n and_o place_n and_o not_o otherwise_o shall_v be_v account_v judiciary_n merchant_n and_o authorize_v to_o hear_v and_o determine_v all_o difference_n and_o demand_n whatsoever_o which_o have_v arisen_a and_o be_v not_o hitherto_o determine_v or_o may_v any_o way_n arise_v between_o merchant_n tradesman_n artificer_n master_n and_o owner_n of_o ship_n seaman_n boat-man_n and_o freighter_n of_o ship_n or_o any_o other_o person_n have_v relation_n to_o merchandize_v trade_n or_o ship_n for_o or_o concern_v any_o
buyer_n will_v raise_v the_o price_n of_o land_n if_o they_o trade_v they_o increase_v the_o number_n of_o trader_n and_o consequent_o the_o bulk_n of_o trade_n and_o let_v their_o money_n lie_v dead_a by_o they_o i_o think_v i_o have_v full_o prove_v they_o can_v in_o a_o addition_n i_o publish_v to_o my_o first_o observation_n 4._o by_o reason_n for_o first_o whilst_o interest_n be_v at_o 6_o per_fw-mi cent_z no_o man_n will_v run_v a_o adventure_n to_o sea_n for_o the_o gain_n of_o 8_o or_o 9_o per_fw-mi cent_z which_o the_o dutch_a have_v money_n at_o 4_o or_o 3_o per_fw-la cent_z at_o interest_n be_v content_v with_o and_o therefore_o can_v and_o do_v follow_v a_o vast_a trade_n in_o salt_n from_o st_n vuall_a rochel_n and_o other_o part_n to_o the_o baltiquâ—_n sea_n and_o also_o their_o fish_n trade_n for_o herring_n and_o whale-fishing_a which_o we_o neglect_v as_o be_v not_o worth_a our_o trouble_n and_o hazard_n while_o we_o can_v make_v 6_o per_fw-mi cent_z of_o our_o money_n sleep_v for_o the_o measure_n of_o money_n employ_v in_o trade_n in_o any_o nation_n bear_v a_o exact_a proportion_n to_o the_o interest_n pay_v for_o money_n as_o for_o instance_n when_o money_n be_v at_o 10_o per_fw-mi cent_z in_o england_n no_o man_n in_o his_o wit_n will_v follow_v any_o trade_n whereby_o he_o do_v not_o promise_v himself_o 14_o or_o 12_o per_fw-la cent_z gain_n at_o least_o when_o interest_n be_v at_o 8_o the_o hope_n of_o 12_o or_o 10_o at_o least_o be_v necessary_a as_o 8_o or_o 9_o per_fw-mi cent_z be_v now_o interest_n go_v at_o 6_o per_fw-mi cent_z the_o infallible_a consequence_n whereof_o be_v that_o the_o trade_n before_o recite_v as_o well_o as_o those_o of_o muscovy_n and_o greenland_n and_o so_o much_o at_o least_o of_o all_o other_o that_o will_v not_o afford_v we_o a_o clear_a profit_n of_o 8_o or_o 9_o per_fw-mi cent_z we_o careless_o give_v away_o to_o the_o dutch_a and_o must_v do_v so_o forever_o unless_o we_o bring_v our_o interest_n near_o to_o a_o par_fw-fr with_o they_o and_o hence_o in_o my_o poor_a opinion_n it_o follow_v very_o clear_o that_o if_o our_o interest_n be_v abate_v one_o three_o part_n it_o will_v occasion_v the_o employment_n of_o one_o three_o part_n more_o of_o man_n ship_n and_o stock_n in_o foreign_a and_o domestic_a trade_n this_o discover_v the_o vanity_n of_o all_o our_o attempt_n for_o gain_v of_o the_o white-herring_n fishing-trade_n of_o which_o the_o dutch_a as_o every_o body_n observe_v make_v wonderful_a great_a advantage_n though_o the_o fish_n be_v take_v upon_o our_o own_o coast_n i_o wish_v as_o many_o do_v take_v notice_n of_o the_o reason_n of_o it_o which_o therefore_o i_o shall_v say_v something_o of_o now_o though_o i_o have_v touch_v it_o in_o my_o former_a treatise_n the_o plain_a case_n be_v this_o a_o dutchman_n will_v be_v content_a to_o employ_v a_o stock_n of_o 5_o or_o 10000_o l._n in_o burse_v material_n for_o fish_v victual_n etc._n etc._n for_o the_o carry_v on_o of_o this_o trade_n and_o if_o at_o the_o wind_a up_o of_o his_o account_n he_o find_v he_o have_v get_v clear_a communibus_fw-la annis_fw-la for_o his_o stock_n and_o adventure_n 5_o per_fw-mi cent_z per_fw-la annum_fw-la he_o thank_v god_n and_o tell_v his_o neighbour_n he_o have_v have_v a_o thrive_a trade_n now_o while_o every_o slothful_a ignorant_a man_n with_o we_o that_o have_v but_o wit_n enough_o to_o tell_v out_o his_o money_n to_o a_o gold_n smith_n can_v get_v 6_o per_fw-mi cent_z without_o pain_n or_o care_n be_v it_o not_o monstrous_a absurd_a to_o imagine_v that_o ever_o the_o english_a will_v do_v aâ—y_o good_a upon_o this_o trade_n till_o they_o begin_v at_o the_o right_a end_n which_o must_v be_v to_o reduce_v the_o interest_n of_o money_n second_o the_o deprave_a nature_n of_o man_n affect_v ease_n and_o pleasure_n while_o use_n of_o money_n run_v at_o 6_o per_fw-mi cent_z have_v always_o at_o hand_n a_o easy_a expedient_a to_o indulge_v that_o humour_n and_o reconcile_v it_o to_o another_o as_o considerable_a viz._n his_o covetousness_n by_o put_v his_o money_n to_o use_v and_o if_o a_o merchant_n through_o his_o youthful_a care_n and_o industry_n arrive_v to_o a_o estate_n of_o 20000_o l._n in_o twenty_o year_n trade_v whilst_o money_n be_v so_o high_a and_o land_n so_o low_a he_o can_v easy_o turn_v country_n gentleman_n or_o usurer_n which_o be_v interest_n of_o money_n at_o 4_o per_fw-mi cent_z he_o can_v not_o do_v and_o consequent_o must_v not_o only_o follow_v his_o trade_n himself_o but_o make_v his_o child_n trader_n also_o for_o to_o leave_v they_o money_n without_o skill_n to_o use_v it_o will_v advantage_v little_a and_o purchase_v of_o land_n less_o when_o the_o fall_n of_o interest_n shall_v raise_v they_o to_o twenty_o or_o thirty_o year_n purchase_v which_o i_o hope_v yet_o to_o live_v to_o see_v three_o from_o this_o necessity_n of_o merchant_n keep_v to_o their_o trade_n and_o child_n succeed_a their_o father_n therein_o will_v ensue_v to_o merchant_n great_a skill_n in_o trade_n more_o exact_a and_o certain_a correspondency_n sure_a &_o more_o trusty_a factor_n abroad_o &_o those_o better_o acquaint_v &_o concatinate_v together_o by_o the_o experimental_a link_n of_o each_o other_o humour_n style_n estate_n and_o business_n and_o whereas_o it_o be_v as_o much_o as_o a_o prudent_a man_n can_v do_v in_o ten_o year_n time_n after_o his_o settle_n in_o london_n to_o be_v exact_o well_o fit_v with_o factor_n in_o all_o part_n and_o those_o by_o correspondency_n bring_v into_o a_o mutual_a acquaintance_n of_o each_o other_o and_o honest_a workman_n and_o master_n of_o ship_n etc._n etc._n and_o by_o that_o time_n he_o have_v trade_v ten_o year_n long_o if_o he_o succeed_v well_o it_o be_v six_o to_o one_o but_o he_o leave_v trade_n and_o turn_v country_n gentleman_n or_o usurer_n and_o so_o that_o profitable_a engine_n the_o wheel_n whereof_o by_o correspondency_n move_v one_o another_o in_o many_o part_n of_o the_o world_n which_o he_o have_v be_v so_o long_o a_o frame_n within_o a_o few_o year_n after_o it_o be_v bring_v to_o work_v well_o be_v break_v to_o piece_n and_o the_o benefit_n thereof_o to_o the_o kingdom_n which_o be_v ten_o time_n more_o than_o to_o he_o that_o make_v it_o be_v lose_v whereas_o in_o holland_n and_o italy_n where_o money_n be_v at_o 3_o and_o 4_o per_fw-mi cent_z and_o consequent_o merchant_n force_v to_o keep_v and_o trust_v to_o their_o trade_n only_o their_o business_n be_v and_o must_v be_v so_o order_v and_o carry_v on_o from_o the_o beginning_n that_o when_o a_o man_n die_v the_o trade_n be_v no_o more_o disturb_v then_o when_o the_o wife_n die_v in_o england_n i_o be_o ashamed_a of_o the_o odious_a prolixity_n and_o repetition_n i_o be_o contrary_a to_o my_o nature_n force_v to_o use_v but_o my_o opposer_n do_v so_o often_o and_o i_o think_v disingenuous_o upbraid_v i_o with_o beg_v the_o question_n that_o i_o be_o compel_v to_o it_o the_o four_o thing_n i_o be_o to_o prove_v be_v that_o it_o multiply_v domestic_a artificer_n if_o the_o former_a be_v true_a that_o it_o increase_v foreign_a trade_n i_o suppose_v no_o man_n will_v have_v the_o confidence_n to_o deny_v this_o to_o be_v a_o necessary_a and_o infallible_a consequence_n of_o that_o for_o we_o see_v throughout_o the_o world_n wherever_o there_o be_v the_o great_a trade_n there_o be_v the_o most_o artificer_n and_o that_o since_o our_o own_o trade_n increase_v in_o england_n our_o artificer_n of_o all_o sort_n be_v proportionable_o increase_v the_o building_n of_o london_n have_v make_v multitude_n of_o bricklayer_n and_o carpenter_n much_o use_n of_o ship_n will_v make_v ship_n dear_a and_o the_o dearness_n of_o ship_n will_v make_v many_o shipwright_n much_o foreign_a trade_n will_v increase_v the_o vent_n of_o our_o native_a manufacture_n and_o much_o vent_n will_v make_v many_o workman_n and_o if_o we_o can_v get_v and_o breed_v they_o fast_o enough_o ourselves_o we_o shall_v draw_v they_o from_o foreign_a part_n as_o the_o dutch_a draw_v away_o we_o it_o be_v a_o wise_a and_o true_a observation_n of_o as_o i_o remember_v sir_n walter_n raleigh_n that_o no_o nation_n can_v want_v people_n that_o have_v good_a law_n the_o five_o thing_n to_o be_v prove_v be_v that_o it_o incline_v a_o nation_n to_o thriftiness_n this_o be_v likewise_o consequent_a to_o the_o former_a and_o by_o experience_n make_v good_a in_o england_n for_o since_o our_o trade_n increase_v though_o the_o generality_n of_o our_o nation_n be_v grow_v rich_a as_o i_o have_v show_v and_o consequent_o more_o splendid_a in_o clothes_n plate_n jewel_n householdstuff_n and_o all_o other_o outward_a sign_n of_o riches_n yet_o be_v we_o not_o half_a so_o much_o give_v to_o hospitality_n and_o good_a housekeep_n
as_o it_o be_v call_v as_o in_o former_a day_n when_o our_o great_a expense_n be_v upon_o our_o belly_n the_o most_o destructive_a consumption_n that_o can_v happen_v to_o a_o nation_n and_o tend_v only_o to_o nourish_v idleness_n luxury_n and_o beggary_n whereas_o that_o other_o kind_n of_o expense_n which_o follow_v trade_n encourage_v labour_n art_n and_o invention_n to_o which_o give_v i_o leave_v to_o add_v that_o the_o abatement_n of_o interest_n conjoynt_v with_o excise_n upon_o our_o home_n consumption_n if_o the_o late_a can_v be_v hit_v upon_o without_o disturbance_n to_o trade_n or_o danger_n of_o continuation_n be_v two_o of_o the_o most_o comprehensive_a and_o effectual_a sumptuary_n law_n that_o ever_o be_v establish_v in_o any_o nation_n and_o most_o necessitating_a and_o engage_v any_o people_n to_o thriftiness_n the_o high_a road_n to_o riches_n as_o well_o for_o nation_n as_o private_a family_n the_o frugal_a italian_n of_o old_a and_o the_o provident_a dutch_a of_o 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manifest_a in_o that_o instance_n of_o the_o land_n of_o palestine_n and_o if_o these_o will_v be_v the_o effect_n of_o abate_v interest_n than_o i_o think_v it_o be_v out_o of_o doubt_n that_o the_o abatement_n of_o interest_n be_v the_o cause_n of_o the_o increase_n of_o the_o riches_n of_o any_o kingdom_n for_o quicquid_fw-la efficit_fw-la tale_n est_fw-la magis_fw-la tale_n now_o to_o answer_v his_o four_o recite_v reason_n viz._n first_o he_o say_v if_o a_o low_a state_v interest_n by_o law_n be_v the_o cause_n of_o riches_n no_o country_n will_v be_v poor_a all_o desire_a riches_n rather_o than_o poverty_n and_o all_o have_v it_o in_o their_o power_n to_o state_n their_o interest_n as_o low_a as_o they_o please_v by_o law_n i_o answer_v first_o whatever_o nation_n do_v it_o gradual_o for_o so_o it_o must_v be_v do_v as_o it_o have_v be_v hitherto_o in_o england_n 2_o per_fw-la cent_z being_n enough_o to_o abate_v at_o one_o time_n will_v find_v those_o effect_n i_o have_v mention_v but_o it_o be_v a_o work_n of_o age_n and_o can_v be_v do_v at_o once_o for_o nec_fw-la natura_fw-la aut_fw-la lex_fw-la operantur_fw-la per_fw-la saltum_fw-la second_o it_o be_v great_a imprudence_n to_o imagine_v that_o any_o country_n understand_v their_o true_a interest_n so_o well_o as_o by_o degree_n to_o abate_v use-money_n will_v not_o likewise_o by_o the_o same_o wisdom_n be_v lead_v to_o the_o institute_n of_o many_o other_o good_a law_n for_o the_o encouragement_n of_o trade_n as_o our_o parliament_n have_v still_o proceed_v to_o do_v as_o interest_n have_v be_v abate_v his_o second_o reason_n be_v that_o if_o the_o lowness_n of_o interest_n be_v not_o the_o effect_n of_o riches_n in_o holland_n they_o may_v take_v as_o much_o vse-money_n as_o they_o can_v get_v there_o be_v no_o law_n against_o it_o i_o answer_v there_o be_v former_o law_n in_o holland_n that_o reduce_v interest_n to_o 8_o and_o 6_o and_o afterward_o to_o 5_o per_fw-mi cent_z anno_fw-la 1640._o and_o since_o in_o the_o year_n 1655._o to_o 4_o per_fw-mi cent_z the_o placart_n for_o which_o i_o have_v see_v and_o have_v be_v tell_v and_o do_v believe_v they_o have_v since_o reduce_v it_o by_o placart_n to_o 3_o per_fw-la cent_z as_o to_o their_o cantor_n and_o all_o public_a receipt_n which_o in_o holland_n be_v as_o much_o in_o effect_n as_o if_o they_o have_v make_v a_o general_a law_n for_o it_o because_o the_o most_o of_o their_o receipt_n and_o payment_n be_v make_v in_o and_o out_o of_o the_o aforesaid_a public_a office_n or_o else_o into_o and_o out_o of_o their_o bank_n for_o which_o no_o use-money_n be_v allow_v which_o several_a gradual_a and_o successful_a abatement_n of_o interest_n do_v occasion_v their_o riches_n at_o first_o and_o bring_v their_o people_n to_o that_o consistency_n of_o wealth_n that_o they_o have_v since_o wrought_v themselves_o into_o such_o a_o abundance_n that_o there_o be_v more_o lender_n now_o than_a borrower_n and_o so_o i_o doubt_v not_o 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a_o fine_a of_o fifty_o pound_n and_o the_o success_n have_v be_v answerable_a for_o the_o first_o company_n settle_v upon_o that_o narrow_a limit_v interest_n although_o their_o stock_n be_v large_a than_o this_o decay_a and_o final_o come_v to_o ruin_v and_o destruction_n whereas_o on_o the_o contrary_a this_o be_v settle_v on_o more_o rational_a and_o consequent_o more_o just_a as_o well_o as_o more_o profitable_a principle_n have_v through_o god_n goodness_n thrive_v and_o increase_v to_o the_o treble_v of_o their_o first_o stock_n chap._n iu._n concern_v the_o act_n of_o navigation_n though_o this_o act_n be_v by_o most_o conclude_v a_o very_a beneficial_a act_n for_o this_o kingdom_n especial_o by_o the_o master_n and_o owner_n of_o ship_n and_o by_o all_o seaman_n yet_o some_o there_o be_v both_o wise_a and_o honest_a gentleman_n and_o merchant_n that_o doubt_n whether_o the_o inconvenience_n it_o have_v bring_v with_o it_o be_v not_o great_a than_o the_o conveniency_n for_o 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low_a interest_n multitude_n of_o merchant_n and_o ship_n be_v master_n of_o the_o field_n in_o trade_n and_o therefore_o have_v no_o need_n to_o build_v castle_n fortress_n and_o place_n of_o retreat_n such_o i_o account_v law_n of_o limitation_n and_o secure_v of_o particular_a trade_n to_o the_o native_n of_o any_o kingdom_n because_o they_o viz._n the_o dutch_a may_v be_v well_o assure_v that_o no_o nation_n can_v enter_v in_o common_a with_o they_o in_o any_o trade_n to_o gain_v bread_n by_o it_o while_o their_o own_o use_n of_o money_n be_v at_o 3_o per_fw-la cent_z and_z other_o at_z 6_o per_fw-mi cent_z and_o upward_o etc._n etc._n whereas_o if_o we_o shall_v suffer_v their_o ship_n in_o common_a with_o we_o in_o those_o trade_n which_o be_v secure_v to_o the_o english_a by_o act_n of_o navigation_n they_o must_v necessary_o in_o a_o few_o year_n for_o the_o reason_n above_o 〈…〉_o eat_v we_o quite_o out_o of_o they_o object_n 2._o the_o second_o objection_n to_o the_o whole_a act_n be_v some_o will_v confess_v that_o as_o to_o merchant_n and_o owner_n of_o ship_n the_o act_n of_o navigation_n be_v eminent_o beneficial_a but_o say_v that_o merchant_n and_o owner_n be_v but_o a_o inconsiderable_a number_n of_o man_n in_o respect_n of_o the_o whole_a nation_n and_o that_o interest_n of_o the_o great_a number_n that_o our_o native_a commodity_n and_o manufacture_n shall_v be_v take_v from_o we_o at_o the_o best_a rate_n and_o foreign_a commodity_n sell_v we_o at_o the_o cheap_a with_o admission_n of_o dutch_a merchant_n and_o ship_n in_o common_a with_o the_o english_a by_o my_o own_o implication_n will_v effect_v my_o answer_n be_v that_o i_o can_v deny_v but_o this_o may_v be_v true_a if_o the_o present_a profit_n of_o the_o generality_n be_v bare_o and_o single_o consider_v but_o this_o kingdom_n be_v a_o island_n the_o defence_n whereof_o have_v always_o be_v our_o ship_n and_o seaman_n it_o seem_v to_o i_o absolute_o necessary_a that_o profit_n and_o power_n ought_v joint_o to_o be_v consider_v and_o if_o so_o i_o think_v none_o can_v deny_v but_o the_o act_n of_o navigation_n have_v and_o do_v occasion_n building_n and_o employ_v of_o three_o time_n the_o number_n of_o ship_n and_o seaman_n that_o otherwise_o we_o shall_v or_o will_v do_v and_o that_o consequent_o if_o our_o force_n at_o sea_n be_v so_o great_o impair_v it_o will_v expose_v we_o to_o the_o receive_n of_o all_o kind_n of_o injury_n and_o affront_v from_o our_o neighbour_n and_o in_o conclusion_n render_v we_o a_o despicable_a and_o miserable_a people_n objection_n to_o several_a part_n of_o the_o act_n of_o navigation_n object_n 1._o the_o inhabitant_n and_o planter_n of_o our_o plantation_n in_o america_n say_v this_o act_n will_v in_o time_n ruin_v their_o plantation_n if_o they_o may_v not_o be_v permit_v at_o least_o to_o carry_v their_o sugar_n to_o the_o best_a market_n and_o not_o be_v compel_v to_o send_v all_o to_o and_o receive_v all_o commodity_n from_o england_n i_o answer_v if_o they_o be_v not_o keep_v to_o the_o rule_n of_o the_o act_n of_o navigation_n the_o consequence_n will_v be_v that_o in_o a_o few_o year_n the_o benefit_n of_o they_o will_v be_v whole_o lose_v to_o the_o nation_n it_o be_v agreeable_a to_o the_o policy_n of_o the_o dutch_a dane_n french_a spaniard_n portugal_n and_o all_o nation_n in_o the_o world_n to_o keep_v their_o external_a province_n and_o colony_n in_o a_o subjection_n unto_o and_o dependency_n upon_o their_o mother-kingdom_n and_o if_o they_o shall_v not_o do_v so_o the_o dutch_a who_o as_o i_o have_v say_v be_v master_n of_o the_o field_n in_o trade_n will_v carry_v away_o the_o great_a of_o advantage_n by_o the_o plantation_n of_o all_o the_o prince_n in_o christendom_n leave_v we_o and_o other_o only_o the_o trouble_n of_o breed_a man_n and_o send_v they_o abroad_o to_o cultivate_v the_o ground_n and_o have_v bread_n for_o their_o industry_n here_o by_o the_o way_n with_o entire_a submission_n 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and_o put_v the_o whole_a issue_n upon_o this_o for_o the_o french_a in_o fact_n have_v bring_v down_o the_o use_n of_o money_n under_o 6_o per_fw-mi cent_z and_z that_z to_z 5_o per_fw-mi cent_z late_o as_o i_o have_v be_v credible_o inform_v and_o do_v believe_v and_o if_o they_o have_v omit_v this_o all_o their_o bussle_v in_o other_o thing_n will_v signify_v very_o little_a in_o conclusion_n the_o sweed_n likewise_o since_o they_o establish_v their_o council_n of_o trade_n and_o set_v themselves_o to_o the_o consideration_n of_o make_v themselves_o considerable_a by_o trade_n have_v reduce_v their_o interest_n from_o 10_o to_o 6_o per_fw-la cent._n his_o follow_a word_n be_v do_v italy_n and_o holland_n owe_v their_o trade_n and_o riches_n to_o the_o lowness_n of_o usury_n or_o to_o thâ—ir_n innate_a frugality_n wonderful_a industry_n and_o admirable_a art_n &_o c_o i_o answer_v low_a interest_n be_v the_o natural_a mother_n of_o frugality_n industry_n and_o art_n which_o i_o 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his_o preface_n say_v he_o will_v not_o inquire_v into_o the_o lawfulness_n of_o interest_n but_o leave_v the_o scrupulous_a to_o the_o several_a discourse_n make_v public_a on_o that_o subject_n for_o my_o part_n i_o shall_v agree_v with_o he_o in_o that_o likewise_o and_o to_o the_o intent_n that_o what_o have_v be_v make_v public_a former_o may_v the_o better_o be_v know_v i_o will_v entreat_v those_o that_o will_v be_v thorough_o satisfy_v therein_o diligent_o to_o peruse_v a_o excellent_a treatise_n entitle_v the_o english_a usurer_n or_o usury_n condemn_v be_v a_o collection_n of_o the_o opinion_n of_o many_o of_o the_o learned_a father_n of_o the_o church_n of_o england_n and_o other_o divine_n print_v at_o london_n anno_fw-la 1634_o &_o now_o about_o to_o be_v reprint_v but_o upon_o this_o occasion_n i_o shall_v humble_o presume_v to_o say_v that_o if_o by_o the_o follow_a discourse_n it_o shall_v appear_v that_o the_o interest_n of_o england_n be_v high_o than_o that_o of_o our_o neighbour_n country_n it_o do_v render_v our_o land_n our_o common_a mother_n of_o vile_a and_o base_a esteem_n do_v prevent_v the_o cultivation_n and_o improvement_n of_o our_o country_n as_o otherwise_o it_o may_v and_o will_v be_v improve_v do_v hinder_v the_o growth_n of_o trade_n and_o employment_n and_o increase_n of_o the_o hand_n of_o our_o country_n do_v encourage_v idleness_n and_o luxury_n and_o discourage_v navigation_n industry_n art_n and_o invention_n then_o i_o make_v no_o question_n but_o the_o take_n of_o such_o a_o interest_n as_o exceed_v the_o measure_n of_o our_o neighbour_n be_v malum_fw-la in_o se_fw-la by_o the_o light_n of_o nature_n and_o consequent_o a_o sin_n although_o god_n have_v never_o express_o forbid_v it_o but_o the_o usurer_n may_v say_v suppose_v the_o borrower_n make_v 12_o per_fw-mi cent_n of_o my_o money_n be_v it_o a_o sin_n in_o i_o to_o take_v 6_o per_fw-la cent_n of_o he_o i_o answer_v between_o they_o two_o there_o may_v be_v no_o 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miserable_a as_o the_o gibeonite_n etc._n etc._n hewer_n of_o wood_n and_o drawer_n of_o water_n i_o purpose_v to_o do_v the_o gentleman_n that_o right_o as_o not_o to_o omit_v take_v notice_n of_o any_o thing_n he_o have_v of_o novelty_n in_o relation_n to_o the_o present_a controversy_n whether_o it_o be_v material_a or_o no_o and_o in_o order_n thereunto_o the_o next_o thing_n i_o observe_v new_a in_o his_o treatise_n be_v page_z 9_o it_o be_v say_v he_o dearness_n of_o wage_n that_o spoil_v the_o english_a trade_n and_o abase_v our_o land_n not_o usury_n and_o therefore_o he_o propound_v the_o make_v a_o law_n to_o retrench_v the_o hire_n of_o poor_a man_n labour_n a_o honest_a charitable_a project_n and_o well_o become_v a_o usurer_n the_o answer_n to_o this_o be_v easy_a one_a i_o affirm_v and_o can_v prove_v he_o be_v mistake_v in_o fact_n for_o
answer_n to_o the_o aforesaid_a question_n wherein_o want_n of_o charity_n be_v assign_v for_o another_o cause_n why_o the_o poor_a be_v now_o so_o much_o neglect_v i_o think_v it_o be_v a_o scandalous_a ungrounded_a accusation_n of_o our_o contemporary_n except_o in_o relation_n to_o building_n of_o church_n which_o i_o confess_v this_o generation_n be_v not_o so_o prophense_o to_o as_o former_a have_v be_v for_o most_o that_o i_o converss_n with_o be_v not_o so_o much_o trouble_v to_o part_n with_o their_o money_n as_o how_o to_o place_v it_o that_o it_o may_v do_v good_a and_o not_o hurt_v to_o the_o kingdom_n for_o if_o they_o give_v to_o the_o beggar_n in_o the_o street_n or_o at_o their_o door_n they_o fear_v they_o may_v do_v hurt_v by_o encourage_v that_o lazy_a unprofitable_a kind_n of_o life_n and_o if_o they_o give_v more_o than_o their_o proportion_n in_o their_o respective_a parish_n that_o they_o say_v be_v but_o give_v to_o the_o rich_a for_o the_o poor_a be_v not_o set_v on_o work_n thereby_o nor_o have_v the_o more_o give_v they_o but_o only_o their_o rich_a neighbour_n pay_v the_o less_o and_o for_o what_o be_v give_v in_o church_n to_o the_o visit_v poor_a and_o to_o such_o as_o be_v impoverish_v by_o the_o fire_n we_o have_v hear_v of_o so_o many_o and_o great_a abuse_n of_o that_o kind_n of_o charity_n that_o most_o man_n be_v under_o sad_a discouragement_n in_o relation_n thereunto_o i_o write_v not_o this_o to_o divert_v any_o man_n from_o work_n of_o charity_n of_o any_o kind_n he_o that_o give_v to_o any_o in_o want_n do_v well_o but_o he_o that_o give_v to_o employ_v and_o educate_v the_o poor_a so_o as_o to_o render_v they_o useful_a to_o the_o kingdom_n in_o my_o judgement_n do_v better_a and_o here_o by_o the_o way_n not_o to_o leave_v man_n at_o a_o loss_n how_o to_o dispose_v of_o what_o god_n shall_v incline_v their_o heart_n to_o give_v for_o the_o benefit_n of_o the_o poor_a i_o think_v it_o not_o impertinent_a to_o propose_v the_o hospital_n of_o this_o city_n and_o poor_a labour_a people_n that_o have_v many_o child_n and_o make_v a_o hard_a shift_n to_o sustain_v they_o by_o their_o industry_n whereof_o there_o be_v multitude_n in_o the_o out_o part_n of_o this_o city_n as_o the_o best_a object_n of_o charity_n at_o present_a but_o to_o return_v to_o my_o purpose_n viz._n to_o prove_v that_o the_o want_n of_o charity_n likewise_o that_o be_v now_o and_o always_o have_v be_v in_o relation_n to_o the_o poor_a proceed_v from_o a_o defect_n in_o our_o law_n ask_v any_o charitable_a mind_a man_n as_o he_o go_v along_o the_o street_n of_o london_n view_v the_o poor_a viz._n boy_n girl_n man_n and_o woman_n of_o all_o age_n and_o many_o in_o good_a health_n etc._n etc._n why_o he_o and_o other_o do_v not_o take_v care_n for_o the_o set_v those_o poor_a creature_n to_o work_n will_v he_o not_o ready_o answer_v that_o he_o wish_v hearty_o it_o can_v be_v do_v though_o it_o cost_v he_o a_o great_a part_n of_o his_o estate_n but_o he_o be_v but_o one_o man_n and_o can_v do_v nothing_o towards_o it_o give_v they_o money_n as_o have_v bâ—en_o say_v be_v but_o to_o bring_v â—hem_fw-mi into_o a_o like_n and_o continuance_n in_o that_o way_n the_o second_o question_n than_o be_v question_v 2._o wherein_o lie_v the_o defect_n of_o our_o present_a law_n relate_v to_o the_o poor_a i_o answer_v that_o there_o may_v be_v many_o but_o i_o shall_v here_o take_v notice_n of_o one_o only_a which_o i_o think_v to_o be_v fundamental_a and_o which_o until_o alter_v the_o poor_a in_o england_n can_v never_o be_v well_o provide_v for_o or_o employ_v and_o that_o when_o the_o say_v fundamental_a error_n be_v well_o amend_v it_o be_v almost_o impossible_a they_o shall_v lack_v either_o work_n or_o maintenance_n the_o say_v radical_a error_n i_o esteem_v to_o be_v the_o leave_v it_o to_o the_o care_n of_o every_o parish_n to_o maintain_v their_o own_o poor_a only_o upon_o which_o follow_v the_o shift_a off_o send_v or_o whip_v back_o the_o poor_a wanderer_n to_o the_o place_n of_o their_o birth_n or_o laâ—t_n abide_v the_o practice_n whereof_o i_o have_v see_v many_o year_n in_o london_n to_o signify_v as_o much_o as_o ever_o it_o will_v which_o be_v just_o nothing_o of_o good_a to_o the_o kingdom_n in_o general_n or_o the_o poor_a thereof_o though_o it_o be_v sometime_o by_o accident_n to_o some_o of_o they_o a_o punishment_n without_o effect_n i_o say_v without_o effect_n because_o it_o reform_v not_o the_o party_n nor_o despose_v the_o mind_n of_o other_o to_o obedience_n which_o be_v the_o true_a end_n of_o all_o punishment_n as_o for_o instance_n a_o poor_a idle_a person_n that_o will_v not_o work_v or_o that_o no_o body_n will_v employ_v in_o the_o country_n come_v up_o to_o london_n to_o set_v up_o the_o trade_n of_o beg_v such_o a_o person_n probable_o may_v beg_v up_o and_o down_o the_o street_n seven_o year_n it_o may_v be_v seven_o and_o twenty_o before_o any_o body_n ask_v why_o she_o do_v so_o and_o if_o at_o length_n she_o have_v the_o ill_a hap_n in_o some_o parish_n to_o meet_v with_o a_o more_o vigilant_a beadle_n then_o one_o of_o twenty_o of_o they_o be_v all_o he_o do_v be_v but_o to_o lead_v she_o the_o length_n of_o five_o or_o six_o house_n into_o another_o parish_n and_o then_o conclude_v as_o his_o master_n the_o parishioner_n do_v that_o he_o have_v do_v the_o part_n of_o a_o most_o diligent_a officer_n but_o suppose_v he_o shall_v yet_o go_v further_o to_o the_o end_n of_o his_o line_n which_o be_v the_o end_n of_o the_o law_n and_o the_o perfect_a execution_n of_o his_o office_n that_o be_v suppose_v he_o shall_v carry_v this_o poor_a wretch_n to_o a_o justice_n of_o the_o peace_n and_o he_o shall_v order_v the_o delinquent_n to_o be_v whip_v and_o send_v from_o parish_n to_o parish_n to_o the_o place_n of_o her_o birth_n or_o last_o abide_v which_o not_o one_o justice_n of_o twenty_o through_o pity_n or_o other_o cause_n will_v do_v even_o this_o be_v a_o great_a charge_n upon_o the_o country_n and_o yet_o the_o business_n of_o the_o nation_n itself_o whole_o undo_v â—_o for_o no_o soon_o do_v the_o delinquent_n arrive_v at_o the_o place_n assign_v but_o for_o shame_n or_o idleness_n she_o present_o desert_n it_o and_o wander_v direct_o back_o or_o some_o other_o way_n hope_v for_o better_a fortune_n whilst_o the_o parish_n to_o which_o she_o be_v send_v know_v she_o a_o lazy_a and_o perhaps_o a_o worse_o quality_v person_n be_v as_o willing_a to_o be_v rid_v of_o she_o as_o she_o be_v to_o be_v go_v from_o thence_o if_o it_o be_v here_o retort_v upon_o i_o that_o by_o my_o own_o confession_n much_o of_o this_o mischief_n happen_v by_o the_o non_fw-la or_o ill_a execution_n of_o the_o law_n i_o say_v better_a execution_n than_o you_o have_v see_v you_o must_v not_o expect_v and_o there_o be_v never_o a_o good_a law_n make_v that_o be_v not_o well_o execute_v the_o fault_n of_o the_o law_n cause_v a_o failure_n of_o execution_n iâ—_n be_v natural_a to_o all_o man_n to_o use_v the_o remedy_n next_o at_o hand_n and_o rest_v satisfy_v with_o shift_v the_o evil_a from_o their_o own_o door_n which_o in_o regard_n they_o can_v so_o easy_o do_v by_o threaten_v or_o thrust_v a_o poor_a body_n out_o of_o the_o verge_n of_o their_o own_o parish_n it_o be_v unreasonable_a and_o vain_a to_o hopâ—_n that_o ever_o it_o will_v be_v otherwise_o for_o the_o law_n against_o inmate_n and_o empower_v the_o parishioner_n to_o take_v security_n before_o they_o suffer_v any_o poor_a person_n to_o inhabit_v among_o they_o it_o may_v be_v they_o be_v prudent_a constitution_n at_o the_o time_n they_o be_v make_v and_o before_o england_n be_v a_o place_n of_o trade_n and_o may_v be_v so_o still_o in_o some_o country_n but_o i_o be_o sure_a in_o city_n and_o great_a town_n of_o trade_n they_o be_v altogether_o improper_a and_o contrary_a to_o the_o practice_n of_o other_o city_n and_o trade_n town_n abroad_o the_o 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ireland_n advantageous_a by_o increase_n of_o trade_n and_o ship_n and_o consequent_o the_o power_n of_o this_o kingdom_n object_n 2._o the_o second_o ojection_n to_o part_n of_o the_o act_n of_o navigation_n be_v usual_o make_v by_o the_o eastland_n and_o norway_n merchant_n who_o affirm_v that_o in_o effect_v their_o trade_n be_v much_o decline_v since_o the_o pass_a the_o act_n of_o navigation_n and_o the_o dane_n sweed_n holstener_n and_o all_o easterling_n who_o by_o the_o say_a act_n may_v import_n timber_n and_o other_o eastern_a commodity_n have_v increase_v in_o the_o number_n of_o their_o ship_n employ_v in_o this_o trade_n since_o our_o act_n of_o navigation_n at_o least_o two_o three_o part_n and_o the_o english_a have_v proportionable_o decline_v in_o the_o number_n of_o they_o employ_v in_o that_o trade_n i_o answer_v that_o i_o believe_v the_o matter_n of_o fact_n assert_v be_v true_a as_o well_o as_o the_o cause_n assign_v viz._n the_o act_n of_o navigation_n and_o 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of_o the_o difference_n of_o the_o charge_n of_o build_v a_o ship_n fit_a for_o that_o trade_n there_o or_o here_o viz._n a_o flyboat_n of_o 300_o tun_n new_o build_v and_o set_v to_o sea_n for_o such_o a_o voyage_n may_v cost_v there_o 13_o or_o 1400_o l._n which_o here_o will_v cost_v from_o 22_o to_o 2400_o l._n which_o be_v so_o vast_a a_o disproportion_n that_o it_o be_v impossible_a for_o a_o english_a man_n to_o cope_v with_o a_o dane_n in_o that_o navigation_n under_o such_o a_o discouragement_n to_o balance_v which_o there_o be_v nothing_o but_o the_o stranger_n duty_n which_o the_o dane_n now_o pay_v which_o may_v come_v to_o 5_o or_o 6_o l_o per_fw-la ship_n per_fw-la voyage_n at_o most_o one_o with_o another_o which_o be_v incompitable_a with_o the_o difference_n of_o price_n between_o the_o first_o cost_n of_o the_o ship_n in_o either_o nation_n and_o this_o be_v so_o evident_a to_o those_o who_o be_v conversant_a in_o those_o trade_n that_o beside_o the_o decrease_n of_o our_o ship_n and_o increase_n of_o they_o that_o have_v already_o happen_v we_o in_o probability_n have_v be_v whole_o beat_v out_o of_o the_o trade_n and_o only_o dane_n and_o easterling_n freight_v have_v we_o be_v necessitate_v to_o build_v english_a ship_n and_o have_v not_o be_v recruit_v on_o moderate_a price_n by_o fly-boat_n be_v ship_n proper_a for_o this_o trade_n take_v in_o the_o late_a dutch_a war_n and_o by_o a_o further_a supply_n of_o scotch_a prize_n likewise_o through_o his_o majesty_n permission_n and_o indulgence_n reas._n 2._o because_o the_o number_n of_o stranger_n ship_n employ_v in_o the_o aforesaid_a trade_n yearly_o i_o estimtae_fw-la to_o be_v about_o two_o hundred_o sail_n which_o if_o such_o a_o law_n be_v make_v must_v unavoidable_o be_v all_o exclude_v and_o the_o employment_n fall_v whole_o into_o english_a hand_n which_o will_v be_v a_o excellent_a nursery_n and_o give_v constant_a maintenance_n to_o a_o brave_a number_n of_o english_a seaman_n more_o than_o we_o can_v or_o do_v employ_v at_o present_a reas._o 3_o the_o act_n of_o navigation_n be_v now_o of_o seventeen_o or_o eighteen_o year_n stand_v in_o england_n and_o yet_o in_o all_o these_o year_n not_o one_o english_a ship_n have_v be_v build_v fit_a for_o this_o trade_n the_o reason_n whereof_o be_v that_o before_o mention_v viz._n that_o it_o be_v cheap_a freight_v of_o dane_n and_o easterlin_n and_o it_o be_v so_o and_o all_o man_n natural_o lead_v by_o their_o profit_n it_o seem_v to_o i_o in_o vain_a to_o expect_v that_o ever_o this_o law_n will_v procure_v the_o build_n of_o one_o english_a ship_n fit_a for_o that_o employment_n till_o those_o stranger_n be_v exclude_v this_o trade_n for_o england_n and_o much_o more_o improbable_a it_o be_v that_o any_o shall_v now_o be_v build_v than_o it_o be_v former_o when_o the_o act_n be_v first_o make_v because_o timber_n be_v now_o at_o almost_o double_a the_o price_n in_o england_n it_o be_v then_o the_o consequence_n whereof_o be_v that_o if_o timely_a provision_n be_v not_o make_v by_o some_o additional_a law_n when_o our_o old_a stock_n of_o flemish_a prize_n be_v wear_v out_o as_o many_o of_o they_o be_v already_o we_o shall_v have_v very_o few_o or_o no_o ship_n in_o this_o trade_n the_o objection_n which_o i_o have_v hear_v make_v to_o this_o proposition_n be_v viz._n object_n 1._o if_o such_o a_o imposition_n be_v lay_v on_o those_o gross_a commodity_n import_v by_o stranger_n ship_n that_o will_v amount_v to_o the_o exclude_v all_o stranger_n from_o this_o trade_n we_o shall_v want_v ship_n in_o england_n to_o carry_v on_o the_o trade_n and_o so_o the_o commodity_n will_v not_o be_v have_v or_o else_o will_v come_v very_o dear_a to_o we_o i_o answer_v â—f_o the_o commodity_n shall_v be_v somewhat_o dear_a for_o the_o present_a it_o will_v be_v no_o loss_n to_o the_o nation_n in_o general_n because_o all_o freight_n will_v be_v pay_v to_o english_a man_n whereas_o the_o freight_n pay_v to_o stranger_n which_o upon_o thâ—se_a commodity_n be_v common_o as_o much_o or_o more_o than_o the_o value_n of_o good_n be_v all_o clear_a loss_n to_o the_o nation_n 2_o dly_z if_o there_o shall_v be_v a_o present_a want_n of_o ship_n and_o the_o parliament_n shall_v please_v to_o enjoin_v we_o to_o build_v english_a ship_n for_o this_o trade_n this_o extraordinary_a good_a effect_n will_v follow_v viz._n it_o will_v engage_v we_o to_o do_v that_o we_o never_o yet_o do_v viz._n to_o fall_v to_o build_v of_o fly-boat_n great_a ship_n of_o burden_n of_o no_o force_n and_o small_a charge_n in_o sail_v which_o will_v be_v the_o most_o profitable_a undertake_n that_o ever_o english_a man_n be_v engage_v in_o and_o that_o which_o be_v absolute_o necessary_a to_o be_v do_v if_o ever_o we_o intend_v to_o board_v the_o dutch_a in_o their_o trade_n and_o navigation_n these_o fly-boat_n be_v the_o milch-cow_n ofâ—olland_n â—olland_z from_o which_o they_o have_v suck_v manifold_o great_a profit_n than_o from_o all_o their_o ship_n of_o force_n though_o both_o i_o know_v be_v necessary_a but_o if_o at_o first_o the_o parliament_n shall_v think_v fit_a to_o enjoin_v we_o only_o to_o ship_n sail_v with_o a_o enlish_a master_n and_o three_o fourth_n english_a mariner_n the_o dane_n and_o easterlin_n be_v by_o this_o mean_v put_v out_o of_o so_o great_a a_o employment_n for_o their_o ship_n we_o shall_v buy_v ship_n proper_a for_o this_o trade_n on_o easy_a term_n of_o they_o perhaps_o for_o half_a their_o cost_n which_o under_o value_n in_o purchase_n will_v be_v a_o present_a clear_a profit_n to_o england_n object_n 2._o if_o this_o be_v do_v in_o england_n may_v not_o other_o prince_n account_v it_o hard_a and_o unreasonable_a and_o consequent_o retaliate_v the_o like_a upon_o we_o to_o answer_v this_o objection_n its_o necesary_a to_o inquire_v what_o kingdom_n and_o country_n will_v be_v concern_v in_o this_o law_n 1_o st_o then_o italy_n spain_n and_o portugal_n will_v be_v whole_o unconcern_v 2_o dly_z so_o will_v france_n who_o if_o they_o be_v concern_v can_v take_v no_o offence_n while_o they_o lie_v a_o imposition_n of_o 50_o or_o 60_o per_fw-la cent_z upon_o our_o drapery_n 3_o dly_z the_o dutch_a and_o hamburger_n will_v not_o by_o such_o additional_a law_n be_v more_o exclude_v then_o now_o they_o be_v and_o the_o latter_a will_v have_v a_o advantage_n by_o it_o in_o case_n the_o dane_n shall_v as_o it_o may_v be_v suppose_v they_o will_v lay_v a_o tax_n upon_o our_o ship_n there_o for_o the_o consequence_n thereof_o will_v be_v that_o much_o of_o those_o kind_n of_o commodity_n we_o shall_v fetch_v from_o hambrough_n where_o they_o be_v plentiful_o to_o be_v have_v though_o at_o a_o little_o dear_a rate_n and_o yet_o not_o so_o dear_a but_o that_o the_o dutch_a fetch_v yearly_o thence_o 350_o
order_n to_o the_o building_n and_o supply_v our_o ship_n that_o without_o they_o other_o trade_n can_v not_o be_v carry_v on_o it_o will_v not_o be_v deny_v by_o the_o honourable_a east-india_n company_n but_o they_o import_v much_o more_o good_n into_o england_n than_o they_o export_v &_o that_o to_o purchase_v the_o same_o they_o carry_v out_o quantity_n of_o gold_n &_o silver_n annual_o yet_o no_o man_n that_o understand_v any_o thing_n of_o the_o trade_n of_o the_o world_n will_v affirm_v that_o england_n lose_v by_o that_o trade_n the_o dutch_a with_o good_a reason_n esteem_v the_o trade_n of_o the_o east-indies_n more_o profitable_a to_o they_o than_o be_v the_o mine_n of_o gold_n and_o silver_n in_o america_n to_o the_o king_n of_o spain_n and_o if_o the_o english_a company_n be_v vest_v by_o act_n of_o parliament_n with_o so_o much_o authority_n as_o the_o dutch_a have_v and_o thereby_o encourage_v to_o drive_v as_o full_a a_o trade_n thither_o as_o the_o dutch_a do_v i_o doubt_v not_o but_o it_o will_v be_v so_o not_o so_o much_o to_o the_o private_a gain_n of_o the_o member_n of_o that_o company_n as_o the_o public_a profit_n of_o this_o kingdom_n in_o general_a however_o as_o it_o be_v it_o will_v not_o be_v difficult_a to_o prove_v that_o it_o be_v the_o most_o beneficial_a trade_n this_o nation_n drive_v at_o present_a for_o 1_o st_o that_o trade_n constant_o employ_v twenty_o five_o to_o thirty_o sail_n of_o the_o most_o warlike_a ship_n in_o england_n with_o sixty_o to_o a_o hundred_o man_n in_o each_o ship_n and_o may_v in_o two_o or_o three_o year_n more_o employ_v a_o great_a number_n and_o in_o order_n to_o the_o carry_v on_o that_o trade_n that_o company_n have_v late_o unconstrained_a give_v considerable_a encouragement_n for_o the_o build_n of_o great_a ship_n which_o have_v have_v good_a effect_n 2_o dly_z it_o supply_v the_o nation_n constant_o and_o full_o with_o that_o in_o this_o age_n necessary_a material_a of_o salt-petre_n 3_o dly_z it_o employ_v the_o nation_n for_o its_o consumption_n with_o pepper_n indigo_n calico_n and_o several_a useful_a drug_n near_o the_o value_n of_o 150000_o l._n to_o 180000_o l._n per_fw-la annum_fw-la 4_o thly_a it_o furnish_v we_o with_o pepper_n cowrye_n long-cloth_n and_o other_o calico_n and_o paint_a stuff_n proper_a for_o the_o trade_n of_o turkey_n italy_n spain_n france_n and_o guiny_n to_o the_o amount_v of_o 2_o or_o 300000_o l._n per_fw-la annum_fw-la most_o of_o which_o trade_n we_o can_v not_o carry_v on_o with_o any_o considerable_a advantage_n but_o for_o those_o supply_n and_o these_o good_n export_v do_v produce_v in_o foreign_a part_n to_o be_v return_v to_o england_n six_o time_n the_o treasure_n in_o specie_fw-la that_o the_o company_n export_v from_o hence_o now_o if_o not_o only_o the_o aforesaid_a advantage_n be_v serious_o consider_v but_o also_o what_o detriment_n the_o nation_n will_v sustain_v if_o we_o be_v deprive_v of_o those_o supply_n both_o in_o point_n of_o strength_n and_o warlike_a provision_n in_o regard_n of_o ship_n and_o salt-petre_n but_o also_o in_o respect_n of_o the_o furtherance_n it_o give_v to_o many_o other_o trade_n beforementioned_a it_o will_v easy_o appear_v that_o this_o trade_n though_o its_o import_v exceed_v its_o export_n be_v the_o most_o advantageous_a trade_n to_o england_n and_o deserve_v all_o encouragement_n for_o be_v we_o to_o buy_v all_o our_o pepper_n and_o calico_n etc._n etc._n of_o the_o dutch_a they_o will_v raise_v our_o pepper_n which_o now_o stand_v the_o nation_n but_o about_o 3_o d._n per_fw-la pound_n in_o india_n to_o or_o near_o the_o proportion_n which_o they_o have_v advance_v on_o nutmeg_n clove_n and_o mace_n which_o cost_v the_o dutch_a not_o much_o more_o per_fw-mi pound_n in_o india_n than_o pepper_n since_o they_o engross_v the_o trade_n for_o those_o commodity_n and_o the_o use_n of_o callico_n in_o england_n will_v be_v supply_v by_o foreign_a linen_n at_o great_a price_n so_o that_o what_o may_v be_v secure_v from_o this_o nation_n be_v consumption_n will_v in_o probability_n cost_v they_o above_o 400000_o l._n per_fw-la annum_fw-la more_o than_o now_o it_o do_v and_o our_o foreign_a trade_n for_o italy_n guiny_n etc._n etc._n will_v in_o part_n decay_n for_o want_n of_o the_o aforesaid_a supply_n there_o be_v another_o notion_n concern_v the_o balance_n of_o trade_n which_o i_o think_v not_o impertinent_a here_o to_o take_v notice_n of_o viz._n some_o be_v of_o opinion_n that_o the_o way_n to_o know_v whether_o the_o nation_n get_v or_o lose_v in_o the_o general_a by_o its_o foregoing_a trade_n be_v to_o take_v a_o inspection_n into_o the_o course_n of_o the_o exchange_n be_v general_o above_o the_o intrinsic_a value_n or_o par_fw-fr of_o the_o coin_n of_o foreign_a country_n we_o not_o only_o lose_v by_o such_o exchange_n but_o the_o same_o be_v a_o demonstration_n that_o we_o lose_v by_o the_o general_a course_n of_o our_o foreign_a trade_n and_o that_o we_o require_v more_o supply_n of_o commodity_n from_o abroad_o than_o our_o export_n in_o good_n do_v serve_v to_o purchase_v and_o certain_a it_o be_v that_o when_o once_o the_o exchange_n come_v to_o be_v 5_o or_o 6_o per_fw-mi cent_z above_o the_o true_a value_n of_o foreign_a money_n our_o treasure_n will_v be_v carry_v out_o whatever_o law_n shall_v be_v make_v to_o prevent_v it_o and_o on_o the_o contrary_a when_o the_o exchange_n be_v general_o below_o the_o true_a value_n of_o the_o foreign_a coin_n it_o be_v a_o evidence_n that_o our_o export_n do_v in_o value_n exceed_v what_o we_o require_v from_o abroad_o and_o so_o if_o the_o exchange_n come_v to_o be_v 5_o or_o 6_o per_fw-mi cent_z below_o the_o true_a value_n of_o the_o foreign_a coin_n return_n will_v be_v make_v for_o england_n in_o the_o coin_n of_o foreign_a country_n now_o that_o there_o be_v also_o a_o great_a deal_n of_o truth_n in_o this_o notion_n be_v not_o to_o be_v deny_v and_o that_o the_o diligent_a observance_n and_o consideration_n of_o the_o course_n of_o the_o exchange_n may_v be_v of_o use_n and_o very_o necessary_a in_o many_o respect_n and_o be_v a_o very_a ingenivous_a study_n for_o any_o that_o will_v dive_v into_o the_o mystery_n of_o trade_n yet_o because_o this_o be_v likewise_o subject_a to_o vary_v on_o many_o accident_n of_o emergency_n of_o state_n and_o war_n etc._n etc._n &_o because_o there_o be_v no_o settle_a course_n of_o exchange_n but_o to_o and_o from_o france_n holland_n flanders_n hambrough_n venice_n legorn_v &_o genoa_n and_o that_o there_o be_v many_o other_o great_a and_o eminent_a trade_n beside_o what_o be_v drive_v to_o those_o country_n this_o can_v afford_v a_o true_a and_o satisfactory_a solution_n to_o the_o present_a question_n thus_o have_v demonstrate_v that_o these_o notion_n touch_v the_o balance_n of_o trade_n though_o they_o be_v in_o their_o kind_n useful_a notion_n be_v in_o some_o case_n fallible_a and_o uncertain_a if_o any_o shall_v ask_v how_o shall_v we_o then_o come_v to_o be_v resolve_v of_o the_o matter_n in_o question_n i_o answer_v first_o the_o best_a and_o most_o certain_a discovery_n to_o my_o apprehension_n be_v to_o be_v make_v fâ—om_o the_o increase_n or_o diminution_n of_o our_o â—rade_n and_o ship_n in_o general_a for_o if_o our_o trade_n and_o ship_n diminish_v whatever_o profit_n particular_a man_n may_v make_v the_o nation_n undoubted_o lose_v and_o on_o the_o contrary_a if_o our_o trade_n and_o ship_n increase_v how_o small_a or_o low_o soever_o the_o profit_n be_v to_o private_a man_n it_o be_v a_o infallible_a indication_n that_o the_o nation_n in_o general_n thrive_v for_o i_o dare_v affirm_v and_o that_o catagorical_o in_o all_o part_n of_o the_o whole_a world_n wherever_o trade_n be_v great_a and_o continue_v so_o and_o grow_v daily_o more_o great_a and_o increase_v in_o ship_n and_o that_o for_o a_o succession_n not_o of_o a_o few_o year_n but_o of_o age_n that_o trade_n must_v be_v national_o profitable_a as_o a_o town_n where_o only_o a_o fair_a be_v keep_v if_o every_o year_n the_o number_n of_o people_n and_o commodity_n do_v augment_v that_o town_n however_o the_o market_n be_v will_v gain_v whereas_o if_o there_o come_v still_o few_o and_o few_o peâ—ple_n and_o commodity_n that_o place_n will_v decline_v and_o decay_v discourse_v once_o with_o a_o noble_a lord_n concern_v this_o measure_n or_o method_n of_o know_v the_o balance_n of_o our_o trade_n or_o more_o plain_o our_o general_a national_a gain_v or_o loss_n by_o trade_n his_o lordship_n be_v please_v to_o oppose_v by_o ask_v two_o very_o proper_a question_n viz._n quest._n 1._o be_v there_o not_o a_o great_a similitude_n between_o the_o affair_n of_o a_o private_a person_n and_o of_o a_o nation_n the_o former_a be_v but_o a_o little_a family_n and_o the_o latter_a a_o great_a family_n i_o
shall_v be_v call_v down_o to_o the_o first_o that_o money_n have_v long_o go_v at_o ten_o and_o thing_n be_v well_o enough_o it_o be_v answer_v that_o it_o be_v not_o long_o that_o the_o practice_n of_o usury_n have_v be_v so_o general_o use_v without_o any_o sense_n or_o scruple_n of_o the_o unlawfulness_n of_o it_o for_o man_n conscience_n be_v harden_v to_o it_o with_o example_n and_o custom_n by_o degree_n and_o not_o upon_o the_o sudden_a and_o as_o the_o begin_n of_o many_o dangerous_a disease_n in_o healthful_a body_n so_o the_o beginning_n of_o many_o inconvenience_n in_o a_o state_n be_v not_o present_o feel_v with_o we_o after_o that_o with_o long_a civil_a war_n the_o land_n be_v half_o unpeople_v so_o as_o till_o of_o late_a year_n it_o come_v not_o to_o his_o full_a stock_n of_o people_n again_o there_o be_v the_o same_o quantity_n of_o land_n to_o half_a the_o number_n of_o people_n the_o surplusage_n of_o our_o inland_n commodity_n must_v needs_o be_v so_o great_a that_o though_o trade_n be_v not_o equal_o balance_v with_o we_o and_o other_o nation_n we_o can_v not_o but_o grow_v rich_a beside_o france_n and_o the_o low-countries_n be_v for_o many_o year_n half_o lay_v waste_n with_o war_n and_o so_o do_v trade_n but_o little_a nor_o manage_v their_o own_o land_n to_o their_o best_a advantage_n whereby_o they_o do_v not_o only_o not_o take_v the_o trade_n &_o market_n from_o we_o which_o now_o they_o do_v but_o they_o themselves_o be_v feed_v and_o clothe_v by_o we_o and_o take_v our_o commodity_n from_o we_o at_o great_a high_a great_a rate_n whereas_o now_o we_o see_v the_o dutch_a do_v every_o where_o out-trade_n we_o and_o the_o french_a feed_v we_o with_o their_o corn_n even_o in_o plentiful_a year_n so_o as_o now_o our_o land_n be_v full_o stock_v with_o people_n our_o neighbour_n industrious_a and_o subtle_a in_o trade_n if_o we_o do_v not_o more_o equal_o balance_n trade_n and_o bring_v to_o pass_v that_o we_o may_v afford_v the_o fruit_n of_o our_o land_n as_o cheap_a as_o other_o country_n afford_v the_o same_o of_o the_o same_o kind_n we_o must_v though_o we_o leave_v a_o number_n of_o our_o superfluity_n as_o god_n forbid_v but_o we_o shall_v in_o a_o short_a time_n grow_v poor_a and_o beggarly_n and_o in_o this_o condition_n ten_o in_o the_o hundred_o in_o a_o little_a more_o time_n will_v as_o well_o serve_v to_o do_v it_o as_o if_o money_n be_v at_o twenty_o for_o as_o be_v before_o remember_v in_o most_o of_o the_o commodity_n the_o earth_n bring_v forth_o the_o stock_n employ_v in_o plant_v and_o manage_n of_o of_o they_o make_v a_o great_a part_n of_o their_o price_n and_o consequent_o they_o may_v with_o great_a gain_n to_o themselves_o under-sell_a we_o our_o stock_n with_o we_o go_v at_o double_a the_o rate_n that_o they_o go_v with_o they_o and_o this_o we_o see_v and_o feel_v too_o well_o by_o experience_n at_o this_o present_a for_o have_v a_o great_a surplusage_n of_o corn_n we_o can_v find_v no_o vent_n for_o it_o the_o french_a with_o their_o own_o the_o dutch_a with_o the_o corn_n of_o poland_n every_o where_o supply_v the_o market_n at_o cheap_a rate_n than_o we_o can_v afford_v it_o and_o even_o our_o clothes_n which_o have_v hitherto_o be_v the_o golden_a mine_n in_o england_n i_o have_v hear_v many_o merchant_n say_v that_o except_o it_o be_v in_o some_o few_o of_o the_o fine_a sort_n of_o they_o which_o be_v a_o riches_n peculiar_a to_o this_o nation_n other_o country_n begin_v to_o make_v they_o of_o their_o own_o wool_n and_o by_o afford_v they_o cheap_a than_o we_o may_v so_o to_o take_v our_o market_n from_o we_o and_o this_o i_o hope_v may_v in_o part_n serve_v for_o answer_n to_o the_o next_o objection_n that_o all_o great_a and_o sudden_a change_n be_v common_o dangerous_a for_o that_o rule_n hold_v true_a where_o the_o body_n natural_a or_o politic_a be_v in_o perfect_a state_n of_o health_n but_o where_o there_o be_v a_o decline_a as_o i_o have_v some_o cause_n to_o fear_v there_o be_v or_o may_v soon_o be_v with_o we_o there_o to_o make_v no_o alteration_n be_v a_o certain_a way_n to_o ruin_n to_o the_o three_o that_o money_n will_v be_v sudden_o call_v in_o and_o so_o all_o borrower_n great_o prejudice_v for_o that_o there_o may_v be_v a_o clause_n in_o the_o end_n of_o the_o statute_n whensoever_o it_o shall_v be_v make_v that_o it_o shall_v be_v lawful_a for_o all_o that_o have_v lend_v money_n at_o ten_o in_o the_o hundred_o which_o be_v now_o forbear_v and_o owe_v to_o take_v for_o such_o money_n so_o lend_v and_o owe_v during_o two_o year_n after_o this_o session_n of_o parliament_n such_o use_v as_o they_o may_v have_v do_v if_o this_o act_n have_v not_o be_v make_v whereby_o borrower_n shall_v be_v in_o less_o danger_n of_o sudden_a call_n in_o of_o their_o money_n then_o now_o they_o be_v for_o where_o the_o lender_n upon_o continuance_n of_o their_o old_a security_n may_v take_v ten_o in_o the_o hundred_o upon_o new_a security_n they_o may_v be_v content_a with_o less_o so_o the_o call_n in_o of_o their_o money_n will_v be_v to_o their_o own_o prejudice_n and_o if_o there_o be_v any_o borrower_n to_o who_o this_o give_v not_o sufficient_a satisfaction_n if_o such_o borrower_n have_v land_n of_o value_n to_o pay_v his_o debt_n the_o worst_a condition_n he_o can_v fear_v be_v to_o have_v at_o the_o least_o twenty_o year_n purchase_v for_o his_o land_n wherewith_o to_o clear_v his_o debt_n for_o as_o i_o say_v before_o land_n be_v the_o best_a security_n and_o secure_a inheritance_n will_v still_o bear_v a_o rate_n above_o money_n and_o so_o there_o be_v no_o use_n allow_v for_o money_n above_o the_o rate_n tolerate_v in_o other_o country_n land_n will_v as_o ready_o sell_v at_o twenty_o year_n purchase_v as_o it_o do_v now_o at_o twelve_o and_o i_o think_v there_o be_v no_o borrower_n that_o have_v land_n of_o value_n to_o pay_v his_o debt_n do_v doubt_n if_o he_o will_v now_o sell_v his_o land_n at_o 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