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A31637 To His Grace, William, Duke of Hamilton, Their Majesties High Commissioner and the Honourable Estates of Parliament, the following considerations and proposals are humbly presented by Dr. Hugh Chamberlen. Chamberlen, Hugh. 1693 (1693) Wing C1893A; ESTC R9059 4,107 6

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TO HIS GRACE WILLIAM DUKE of HAMILTON THEIR MAJESTIES HIGH COMMISSIONER And the Honourable ESTATES of PARLIAMENT The following Considerations and Proposals are humbly presented by Dr. HUGH CHAMBERLEN First Consideration WHereas it is most evident That a Wise and Large Establishment and a continued course of considerable Trade is a sure way whereby any Nation Capable of it may attain to Honour Wealth and Power because that thereby will arise First A great Increase of Money which answereth all things Secondly An Increase of People which is the Strength of any Kingdom or State and who do alwayes gather to those places where Money is in abundance And Thirdly An Increase of Shipping which is the strongest rampart of an Island And by which Merchandize is conveyed to the most profitable Mercat It is therefore the undoubted Interest of the People of Scotland especially those who have the greatest Estates whether of Land or Money to Imploy themselves to the Improvement of Trade as universally as is possible And it is humbly conceived that this proposition needs no other Proof or Illustration than what plainly arises from the Observation of those many and great Advantages derived from Trade to the Kingdom of England the States of the united Provinces all other Kingdoms and States that have applyed themselves to Commerce Second Consideration The Kingdom of Scotland is as Capable of making Advantages by Trade as any other Kingdom or State being surrounded with good Sea Ports upon all its Coasts and having a very great and profitable Subject of Trade proper to it The Land affording Grain Cattel Wool Flax Coal Salt Copper Iron Lead and other Native Products besides the Fishing of the Rivers Loghs and Seas This Kingdom hath likewayes great numbers of People either not Imployed or not so fully and profitably as might be And hath also such a Provision of Shipping as may serve to begin a Trade and may soon be Increased if a greater Trade be set up The truth of this Consideration will appear by comparing the Particulars therein contained to those of the united Provinces where the proper Subject of Trade comes very far short of that of this Kingdom Which Provinces from very small beginnings and under the Discouragement of a War with Spain at that time the most potent King of Europe have yet raised themselves within a short period of years to that immense Wealth Grandeur and Power that now they possess And have acquired it chiefly by their Trafficking in those Subjects of Trade which properly belong to this and other Nations Third Confideration The People of this Kingdom who have had Liberal Education are generally in all Countries allowed to be of great Ingenuity and Diligence and so well Inclined to Vertue and Frugality and so averse from Luxury that where they are Imployed abroad they are outdone by none and the Commons being docile and Tractable and likewayes Robust and Vigorous of Body and sufficienty Inclined to bestow their Labour where there is prospect of moderate Gain And being hitherto accustomed to small Wages It may justly be concluded that no People in the World are naturally more fitted or better qualified for setting up managing and prosecuting a great and considerable Trade Fourth Consideration It is most certainly true in Fact nor can it be unknown to the Intelligent of this Nation that the greatest Tradings in the World are carryed on not so much by the species of Money which is in Stock and Cash as by a great Credit attained to by means partly of their visible Subject of Trade partly of their pains in and application to Traffick bust most of all upon account of the Reputation and Opinion of the great Profits made in the course of a prosperous Trade even where the Native and Propper Subject of Trade keeps no proportion with the Trade carried on as it is in the United Provinces Where Credit is the chief Instrument of their Commerce and that Credit raised upon a Fund more of Opinion or Reputation than Reall If therefore in this Kingdome the want of a sufficient Stock of Money for the Carrying on a great Trade can be made up by a Credit grounded upon a more Real and Substantial Fund than the Credit of any other Nation either at present is or probably can be founded upon then certainly it may most reasonably follow that this Kingdom is rather more Capable of carrying on great and National Trades than most other Kingdoms or States in Europe Fifth Consideration The Titles and Tenures of Estates especially Land Estates in this Kingdom being more known sure and stated and with greater ease and certainty examinable by reason of the Records here in use than in any other Country and an evident clear and firm security upon Land being the best and most substantial Fund of Credit This Kingdom is capable in this respect to raise a credit sufficient for improving to the uttermost the great subject of Trade that now it unprofitably possesses and this Credit as far to execed that of other Nations as a reall solid and permanent Fund exceeds those of Opinion and Reputation for such all those of other Nations will be found to be when duely weighed with that hereby proponed for this Kingdom Upon these considerations which may so justly be presumed to induce the Right Honourable Estates of Parliament to receive and examine a proposall that Tenders to this Kingdom the certain and Effectuall Means of so great Wealth and Honour The said Doctor Hugh Chamberlen humbly offers to the wisdom of this August Assembly The following Proposall THE PROPOSAL THAT a Statute or Law of this Kingdom may be Enacted for nominating certain Trustees or Commissioners to be appointed now and from time to time by Parliament accountable thereunto which Trustees are to have power to receive and examine the titles and Estates of all such as are willing to engage their Lands for the ●orming such a secure current Credit Upon finding any such estate clear in title the said Trustees to take a conveyance thereof for 150 Years upon Condition to be void wh●n 100 Years payment shall have been made to them of the rent agreed such rent to be payd not in Money or Gold but only in the bills of Credit issued to the Grantor by the said Trustees And the Heritor or Grantor to enjoy the free undisturbed possession of such Estate for the whole Term he duely paying such Annualrent Upon the making over any such Estate the Trustees thereupon direct their Warrant to the Master of a proper Office therefore to be erected to Issue 100 years value of such Estate in bills of Credit of severall values the better to accommodate the uses of Trade Which bills of Credit are thus to be divided Viz 40 Years Value to the Proprietor 30 Years value for his use but to be employed in such publick Trade or Trades as the several Proprietors shall in a body