Selected quad for the lemma: reason_n

Word A	Word B	Word C	Word D	Occurrence	Frequency Band	MI	MI Band	Prominent
reason_n	act_n	king_n	law_n	3,745	5	5.1722	4	true

Text snippets containing the quad

ID	Title	Author	Corrected Date of Publication (TCP Date of Publication)	STC	Words	Pages
A53178	Observations upon the constitution of the company of the Bank of England with a narrative of some of their late proceedings.		1698 (1698)	Wing O115; ESTC R223775	4,470	5

observation_n upon_o the_o constitution_n of_o the_o company_n of_o the_o bank_n of_o england_n with_o a_o narrative_a of_o some_o of_o their_o late_a proceed_n this_o company_n may_v be_v of_o continuance_n to_o posterity_n and_o of_o very_o great_a use_n and_o benefit_n to_o the_o kingdom_n and_o government_n be_v it_o settle_v upon_o just_a and_o equal_a foundation_n fence_v by_o impartial_a by-law_n but_o be_v found_v in_o division_n without_o alteration_n it_o will_v soon_o resolve_v into_o a_o faction_n for_o private_a advantage_n and_o consequent_o not_o of_o long_a duration_n to_o the_o prejudice_n of_o the_o nation_n who_o benefit_n will_v thereby_o be_v at_o a_o end_n for_o as_o union_n be_v the_o life_n of_o government_n so_o division_n be_v mortal_a to_o it_o the_o company_n according_a to_o their_o print_a list_n consist_v of_o above_o 1200_o member_n instead_o of_o make_v virtue_n and_o merit_n the_o qualification_n for_o employment_n of_o which_o the_o community_n be_v the_o best_a judge_n these_o 1200_o be_v divide_v by_o their_o stock_n under_o five_o several_a qualification_n to_o wit_n those_o of_o 4000_o 3000._o 2000_o 500_o and_o under_o 500_o stock_n out_o of_o the_o first_o which_o be_v in_o number_n about_o fifty_o the_o choice_n of_o the_o governor_n be_v confine_v out_o of_o the_o second_o which_o be_v in_o number_n about_o sixteen_o the_o deputy_n may_v be_v choose_v but_o be_v not_o capable_a of_o election_n thereunto_o under_o 3000_o l._n stock_n out_o of_o the_o three_o which_o be_v in_o number_n about_o 100_o may_v be_v choose_v 24_o director_n who_o be_v add_v to_o the_o governor_n and_o deputy_n be_v call_v the_o court_n of_o director_n in_o who_o thirteen_o be_v a_o quorum_fw-la be_v the_o sole_a management_n of_o all_o the_o concern_v of_o the_o company_n and_o have_v engross_v to_o themselves_o the_o choice_n of_o all_o officer_n with_o their_o reward_n of_o salary_n do_v thereby_o render_v so_o small_a a_o number_n subject_n to_o the_o temptation_n of_o corruption_n this_o court_n meet_v once_o a_o week_n and_o then_o choose_v a_o sub-committee_n of_o five_o out_o of_o themselves_o for_o the_o week_n follow_v three_z thereof_o be_v the_o quorum_fw-la the_o four_o qualification_n which_o be_v in_o number_n about_o 600_o they_o be_v join_v to_o the_o three_o first_o qualification_n be_v call_v a_o general_n court_n and_o allow_v vote_n in_o the_o choice_n of_o governor_n deputy_n and_o director_n and_o colourable_o to_o give_v sanction_n to_o what_o else_o the_o director_n please_v to_o bring_v before_o they_o which_o privilege_n to_o the_o 600_o signify_v little_a in_o that_o the_o three_o first_o qualification_n consist_v of_o above_o 150_o hold_v altogether_o as_o chief_o concern_v and_o be_v diligent_a in_o their_o appearance_n this_o together_o with_o their_o authority_n from_o have_v the_o dispose_n of_o place_n of_o profit_n will_v be_v always_o a_o overbalance_n for_o the_o rest_n for_o many_o of_o the_o 600_o think_v little_o better_a of_o themselves_o than_o bystander_n will_v be_v careless_a in_o appear_v at_o general_a court_n the_o five_o qualification_n to_o the_o number_n of_o near_o 450_o be_v disqualify_v so_o much_o as_o to_o any_o vote_n in_o that_o call_v the_o general_n court_n but_o yet_o qualify_v and_o make_v liable_a according_a to_o their_o stock_n for_o the_o debt_n and_o damage_n of_o the_o company_n contract_v by_o mismanagement_n or_o otherwise_o which_o seem_v to_o be_v against_o common_a justice_n and_o equity_n that_o they_o shall_v be_v make_v liable_a to_o action_n for_o debt_n which_o they_o can_v not_o have_v any_o hand_n in_o contract_n thus_o of_o above_o 1200_o member_n there_o be_v by_o the_o present_a practice_n no_o more_o than_o about_o 150_o make_v capable_a of_o any_o trust_n in_o the_o management_n of_o 2400000_o l._n or_o more_o there_o be_v about_o 450_o member_n disable_v as_o to_o vote_v in_o the_o general_n court_n to_o the_o end_n to_o engross_v the_o management_n of_o all_o into_o a_o few_o hand_n for_o their_o particular_a advantage_n the_o director_n be_v please_v to_o call_v a_o general_n court_n to_o choose_v a_o committee_n to_o prepare_v by-law_n which_o be_v compose_v of_o both_o party_n i._n e._n of_o the_o 150_o and_o 600_o for_o under_o these_o denomination_n i_o understand_v all_o have_v vote_n in_o the_o company_n some_o of_o the_o first_o be_v very_o troublesome_a in_o the_o committee_n as_o bias_v in_o the_o promote_a the_o private_a interest_n of_o the_o director_n tell_v the_o committee_n they_o must_v not_o displease_v they_o and_o refuse_v to_o be_v satisfy_v except_o they_o can_v have_v their_o will_n in_o behalf_n of_o the_o director_n as_o in_o oppose_v the_o yearly_o fall_v off_o of_o eight_o director_n which_o spend_v four_o or_o five_o day_n in_o debate_v vote_v and_o as_o be_v think_v the_o settle_v thereof_o before_o some_o will_v acquiesce_v endeavour_v in_o that_o time_n by_o private_a solicitation_n to_o make_v a_o party_n against_o fall_v off_o and_o never_o give_v over_o their_o struggle_n about_o it_o till_o one_o in_o behalf_n of_o the_o director_n undertake_v to_o answer_v all_o the_o reason_n for_o fall_v off_o be_v after_o he_o have_v do_v tell_v by_o a_o member_n of_o the_o great_a authority_n in_o the_o committee_n that_o he_o have_v not_o answer_v any_o one_o of_o the_o reason_n that_o then_o they_o be_v public_o silent_a but_o ever_o after_o labour_v private_o the_o obtain_v their_o end_n by_o the_o general_n court_n when_o the_o matter_n shall_v come_v to_o they_o for_o confirmation_n a_o general_n court_n be_v summon_v for_o confirmation_n of_o the_o by-law_n but_o before_o the_o enter_v upon_o the_o work_n of_o the_o day_n it_o be_v move_v that_o the_o court_n may_v consist_v of_o all_o their_o member_n as_o well_o of_o those_o under_o 500_o stock_n as_o above_o and_o that_o for_o these_o reason_n first_o because_o all_o and_o every_o subscriber_n and_o contributor_n be_v by_o act_n of_o parliament_n incorporate_v by_o the_o name_n of_o governor_n and_o company_n of_o the_o bank_n of_o england_n and_o that_o who_o the_o parliament_n have_v make_v free_a the_o court_n can_v not_o disfranchise_v second_o because_o the_o act_n of_o parliament_n make_v all_o and_o every_o subscriber_n and_o contributor_n liable_a to_o the_o debt_n and_o damage_n of_o the_o company_n which_o be_v not_o to_o be_v suppose_v the_o parliament_n intend_v by_o such_o as_o they_o think_v good_a to_o disfranchise_v for_o a_o act_n make_v those_o liable_a to_o debt_n that_o can_v not_o have_v any_o hand_n in_o contract_v they_o seem_v to_o be_v against_o common_a justice_n and_o equity_n which_o can_v be_v imagine_v the_o parliament_n will_v be_v guilty_a of_o against_o these_o reason_n the_o king_n commission_n and_o charter_n be_v urge_v and_o that_o they_o have_v the_o opinion_n of_o council_n for_o they_o in_o it_o to_o which_o with_o all_o due_a respect_n to_o the_o king_n charter_n etc._n etc._n it_o be_v reply_v that_o the_o king_n in_o his_o law_n speak_v the_o wisdom_n of_o the_o nation_n and_o by_o his_o charter_n the_o dictate_v of_o those_o that_o sue_v for_o they_o which_o may_v be_v selfish_a for_o private_a interest_n and_o therefore_o desire_v that_o council_n may_v be_v public_o hear_v for_o when_o subject_n have_v publish_v act_n for_o their_o guide_n they_o have_v no_o reason_n to_o forsake_v they_o for_o unpublished_a and_o subsequent_a charter_n etc._n etc._n but_o the_o motion_n for_o make_v the_o general_n court_n to_o consist_v of_o all_o their_o member_n and_o hear_v council_n upon_o it_o be_v not_o hearken_v unto_o however_o i_o suppose_v this_o be_v sufficient_a in_o answer_n to_o their_o allege_a charter_n etc._n etc._n for_o though_o the_o act_n pag._n 344._o give_v the_o king_n power_n by_o his_o patent_n to_o appoint_v circumstantial_a rule_n instance_v as_o a_o example_n for_o transfer_v and_o assign_v the_o interest_n of_o particular_a person_n yet_o it_o be_v observable_a that_o the_o incorporate_n clause_n in_o pag._n 344._o as_o well_o as_o the_o clause_n relate_v thereunto_o in_o pag._n 350_o &_o 351._o follow_v the_o clause_n for_o circumstantial_a rule_n and_o do_v not_o give_v the_o king_n power_n of_o destroy_v essential_o as_o in_o disfranchise_v those_o the_o statute_n have_v make_v free_n the_o by-law_n make_v it_o unlawful_a for_o the_o governor_n or_o deputy_n to_o continue_v above_o two_o year_n successive_o have_v not_o the_o least_o opposition_n in_o the_o committee_n nor_o be_v ever_o speak_v against_o by_o any_o one_o member_n thereof_o but_o because_o that_o in_o some_o measure_n do_v disagree_v with_o the_o not_o fall_v off_o of_o eight_o director_n in_o that_o if_o the_o governor_n and_o deputy_n fall_v off_o in_o two_o year_n why_o not_o eight_o director_n yearly_a the_o general_a court_n be_v prepare_v

though_o never_o mention_v before_o to_o except_v against_o that_o by-law_n when_o it_o shall_v be_v make_v use_n of_o as_o a_o precedent_n for_o the_o other_o the_o great_a industry_n of_o the_o director_n friend_n in_o the_o committee_n for_o prevent_v the_o law_n for_o fall_v off_o and_o after_o their_o not_o prevail_v therein_o their_o get_n it_o reject_v by_o the_o general_n court_n make_v it_o necessary_a for_o the_o vindication_n of_o the_o committee_n to_o publish_v the_o reason_n move_v they_o to_o do_v what_o they_o do_v and_o to_o leave_v the_o judgement_n thereof_o to_o all_o unbiased_a person_n which_o reason_n be_v as_o follow_v first_o because_o it_o be_v the_o undoubted_a interest_n of_o the_o company_n to_o make_v as_o many_o of_o their_o member_n as_o they_o can_v qualify_v for_o the_o service_n of_o the_o corporation_n and_o not_o be_v confine_v to_o a_o few_o second_o because_o it_o will_v beget_v a_o emulation_n in_o the_o director_n to_o signalise_v their_o serviceableness_n to_o the_o company_n when_o their_o continuance_n will_v depend_v thereupon_o three_o because_o shall_v the_o director_n agree_v together_o to_o vote_n for_o each_o other_o and_o engage_v their_o friend_n to_o do_v the_o same_o they_o may_v in_o a_o little_a time_n make_v the_o directorship_n a_o office_n for_o life_n and_o then_o think_v themselves_o the_o company_n be_v master_n as_o be_v the_o only_a person_n necessary_a for_o their_o service_n and_o consequent_o expect_v unreasonable_a reward_n as_o one_o of_o they_o in_o coffeehouse_n begin_v betimes_o to_o express_v himself_o therein_o four_o because_o without_o some_o such_o method_n as_o this_o for_o change_v the_o director_n by_o a_o rotation_n their_o friend_n may_v be_v apt_a to_o tell_v you_o you_o can_v lay_v they_o aside_o without_o ungrateful_o affront_v they_o as_o perhaps_o they_o will_v miscall_v it_o five_o because_o it_o will_v probable_o preserve_v in_o the_o director_n a_o due_a respect_n to_o the_o community_n and_o prevent_v their_o lording_n it_o over_o their_o fellow-member_n of_o which_o they_o have_v already_o give_v reason_n to_o be_v jealous_a for_o when_o upon_o their_o dissatisfaction_n the_o committee_n do_v one_o day_n assemble_v on_o purpose_n to_o hear_v their_o exception_n to_o what_o be_v then_o before_o they_o and_o when_o the_o committee_n be_v prepare_v to_o receive_v the_o director_n with_o all_o respect_n they_o break_v up_o and_o go_v away_o before_o their_o usual_a time_n and_o that_o without_o the_o least_o excuse_v for_o such_o their_o scornful_a disappointment_n as_o if_o the_o committee_n be_v their_o vassal_n and_o owe_v all_o their_o time_n to_o they_o and_o one_o of_o they_o assume_v in_o print_n a_o addition_n in_o no_o kind_n belong_v to_o he_o otherwise_o than_o as_o presume_v a_o perpetual_a directorship_n will_v give_v he_o a_o right_a thereunto_o during_o the_o several_a day_n debate_v about_o fall_v off_o it_o be_v by_o the_o director_n friend_n insist_v upon_o first_o that_o it_o be_v against_o their_o liberty_n to_o restrain_v they_o in_o their_o election_n though_o they_o know_v the_o constitution_n be_v a_o restraint_n of_o 5_o 6_o part_n confine_v they_o in_o their_o choice_n of_o their_o chief_a officer_n to_o less_o than_o â…™_n part_n of_o which_o have_v they_o consider_v they_o can_v not_o have_v make_v this_o complaint_n beside_o those_o that_o know_v any_o thing_n of_o government_n know_v that_o nothing_o be_v more_o ordinary_a than_o such_o rotation_n and_o the_o same_o be_v also_o practise_v by_o our_o east-india_n and_o african_a company_n second_o that_o the_o committee_n be_v not_o to_o displease_v the_o director_n tell_v they_o sometime_o that_o they_o be_v angry_a with_o the_o proceed_n of_o the_o committee_n as_o if_o they_o have_v be_v only_o the_o director_n journeyman_n not_o at_o liberty_n to_o act_v their_o conscience_n in_o behalf_n of_o above_o 1200_o member_n rather_o than_o the_o particular_a private_a interest_n of_o 24_o director_n but_o i_o do_v not_o think_v they_o be_v all_o guilty_a of_o this_o bandy_n but_o that_o it_o proceed_v main_o from_o those_o of_o lest_o merit_n as_o be_v jealous_a of_o their_o own_o desert_n the_o forego_v reason_n be_v offer_v to_o the_o general_n court_n which_o after_o some_o opposition_n by_o the_o director_n friend_n as_o not_o come_v to_o they_o by_o order_n of_o the_o committee_n be_v read_v and_o without_o take_v any_o of_o they_o into_o debate_n the_o director_n contrary_a to_o common_a equity_n not_o withdraw_v in_o a_o matter_n concern_v themselves_o though_o demand_v their_o presence_n have_v that_o influence_n even_o upon_o those_o who_o applaud_v the_o reason_n whilst_o read_v that_o when_o put_v to_o the_o vote_n whether_o the_o by-law_n for_o yearly_o fall_v off_o of_o eight_o director_n shall_v be_v reject_v they_o dare_v not_o or_o at_o least_o think_v it_o not_o prudence_n so_o far_o to_o offend_v the_o director_n as_o to_o give_v their_o vote_n in_o the_o negative_a and_o according_a to_o the_o present_a practice_n the_o director_n be_v in_o no_o danger_n of_o change_n and_o have_v it_o in_o their_o power_n to_o gratify_v their_o creature_n by_o place_n and_o salary_n will_v be_v always_o able_a to_o carry_v in_o the_o general_n court_n whatever_o they_o please_v and_o prevent_v the_o make_v any_o by-law_n though_o never_o so_o advantageous_a for_o the_o public_a if_o prejudicial_a to_o their_o private_a interest_n but_o i_o will_v not_o be_v understand_v by_o any_o thing_n here_o say_v to_o reflect_v upon_o the_o director_n in_o general_a for_o it_o must_v be_v confess_v that_o some_o of_o they_o be_v person_n of_o very_a great_a worth_n and_o of_o more_o honourable_a principle_n than_o to_o be_v guilty_a of_o the_o selfish_a complaint_n the_o committee_n be_v force_v to_o encounter_v and_o now_o upon_o the_o whole_a whether_o this_o constitution_n exclude_v for_o private_a end_n near_o 450_o member_n all_o manner_n of_o share_n in_o the_o government_n and_o yet_o make_v they_o liable_a to_o the_o debt_n and_o damage_n of_o the_o company_n which_o of_o above_o 1200_o member_n render_v all_o save_v about_o 150_o uncapable_a of_o any_o trust_n which_o give_v the_o sole_a management_n of_o 2400000_o l._n or_o more_o and_o the_o choice_n of_o officer_n with_o their_o salary_n to_o the_o court_n of_o director_n ought_v not_o to_o be_v alter_v as_o also_o whether_o the_o constitution_n be_v more_o equal_a and_o just_a than_o when_o restrain_v ought_v not_o to_o be_v lay_v open_a to_o every_o subscriber_n and_o contributor_n according_a to_o act_n of_o parliament_n without_o other_o qualification_n than_o virtue_n and_o merit_n leave_v the_o judgement_n thereof_o to_o the_o community_n who_o be_v general_o the_o most_o impartial_a judge_n as_o appear_v by_o the_o city_n election_n which_o never_o or_o rare_o fail_v of_o a_o virtuous_a choice_n when_o arbitrary_a and_o tyrannical_a design_n and_o art_n do_v not_o interpose_v for_o though_o substance_n may_v be_v security_n to_o private_a creditor_n nothing_o less_o than_o integrity_n honesty_n and_o self-denial_n can_v be_v such_o to_o government_n and_o the_o true_a interest_n of_o a_o community_n wit_n and_o sense_n be_v necessary_a qualification_n in_o the_o management_n of_o humane_a affair_n but_o without_o honesty_n they_o be_v the_o more_o dangerous_a and_o mischievous_a i_o believe_v this_o constitution_n as_o it_o be_v now_o settle_a be_v a_o original_a not_o behold_v to_o any_o precedent_n whatsoever_o and_o thus_o i_o leave_v all_o to_o the_o judgement_n of_o the_o reader_n and_o those_o who_o it_o may_v concern_v whether_o any_o have_v reason_n to_o value_v themselves_o upon_o be_v the_o projector_n of_o a_o constitution_n so_o unjust_a in_o reference_n to_o near_o 450_o and_o unequal_a to_o above_o 5_o 6_o part_n of_o the_o whole_a body_n or_o no._n finis_fw-la