Selected quad for the lemma: truth_n

Word A	Word B	Word C	Word D	Occurrence	Frequency Band	MI	MI Band	Prominent
truth_n	able_a	dominion_n	great_a	19	3	2.0729	3	false

Text snippets containing the quad

ID	Title	Author	Corrected Date of Publication (TCP Date of Publication)	STC	Words	Pages
A90881	The key of wealth or, A new vvay, for improving of trade : lawfull, easie, safe and effectuall : shewing how a few tradesmen agreeing together, may both double their stocks, and the increase thereof, without 1. Paying any interest. 2. Great difficulty or hazard. 3. Advance of money. 4. Staying for materialls. 5. Prejudice to any trade, or person. 6. Incurring any other inconvenience. In such sort, as both they and all others (though never so poore) who are in a way of trading, may 1. multiply their returnes. 2. Deale onely for ready pay. 3. Much under-sell others. 4. Put the whole nation upon this practice. 5. Gain notwithstanding more then ordinary. 6. Desist when they please without damage. And so, as the same shall tend much to 1. Enrich the people of this land. 2. Disperse the money hoarded up. ... 23. Incorporate the whole strength of England. 24. Take away advantages of opposition. All which in this treatise in conceived by judicious men to be fully proved, doubts resolved, and objections either answered or prevented.	Potter, William.	1650 (1650)	Wing P3034; Thomason E1067_2; ESTC R210385	101,225	101

it would follow that this multiplyed stock of moneys shall revolve about in neer the tenth part of that time as the other small stock would have done In order to the demonstration whereof it is evident that if the quantity of money amongst a people in any Nation be once so great as being dispersed that which they have one with another is a sum very considerable to lay out in a way of Trade in this case every of them thinking to imploy his whole stock laies out that confiderable sum which he already hath without intermission and their doing this without delay is that whereby they receive each from other the same sums again with as little delay and by that meanes do put themselves into present capacity to do the same the second and third time and so perpetually For seeing their thus puting off the money one upon another though they perform it with never so much speed cannot make the quantity of money that is amongst them the less it must needs follow that they have in their hands still one with another ten times as much money as formerly that is a considerable sum to lay out immediatly in a way of trade Whereas when all the money amongst any number of men is of so small a quantity as being dispersed that which they have one with another is not considerable to imploy as a stock in away of Trade and much less to purchase Land put out to enterest and the like in this case every man deferring to lay out that little which he hath doth in a manner totally obstruct the current of that small stock which is amongst them whereby it is manifest that this inconsiderable stock of moneys shall not revolve about in the tenth part of that space of time as by each mans striving at once to put off his own share from himself that other great stock doth Therefore I say this multiplyed stock of moneys shall revolve about in neer the tenth part of the time as the other small stock would and consequently trading be in this case neer 100. times as quick as otherwise that is increased much more then proportionable to such increase of money which was the first thing here to be proved The second thing to be demonstrated was that they shall hereby suddainly multiply their riches to be more then proportionable to such encrease of money I say suddainly for though I confess it is impossible that by an encrease of money mens estates should be increased proportionably in the same instant without any intermission yet money being encreased to be now ten times more then formerly seeing that hereby trade could not choose but be neer 100. times more then formerly as is already proved it must needs follow that mens returning 100. times as much commodity in the same space as formerly would so exceedingly hasten the increase of their stock and consequently their estates in commodity as their wealth in Goods would quickly reach to the utmost extent that the world for money could affoard And having ten times as much money amongst them as formerly though they had also already ten times as much Goods as formerly yet that is no argument to prove that they would be content to keep such considerable sums by them as through this meanes every mans proportion one with another being multiplyed by ten would be dispersed amongst them for though their stock be but yet ten times as much as formerly yet they find sale for 100. times as much commodity as formerly whereby they would stand in need of a stock of commoditys proportionable so as untill at least they had increased their stock proportionable to their Trade they would never rest posting off the money each upon other with the greatest speed possible which as I have already proved is the very meanes whereby a Common-wealth though never so barren of it self is suddainly enriched with plenty of Commodities And seeing again that though the money thus multiplyed should stand at that stay without being further encreased yet Trade once quickned as is already proved having a property by multiplying the number of the Rich and thereby the expences of the people to encrease it self like fire to the utmost extent possible it followes that a stop in the encrease of money would no more occasion a stop in the encrease of Trade then forbearing to blow the fire after it is sufficiently kindled would prevent its further encreasing seeing it is evident that as it is with fire in this praticular by how much the more it should be hereby encreased by so much the faster it would still go on to encrease Therefore the second thing which was here to be proved doth follow viz. That in the case before premised mens wealth in goods as well as commodity would soon be above ten times more then formerly that is more then proportionable to such encrease of money and that so much the sooner if money also should in the mean time be yet further multiplyed for then though Trade like I say as fire when it hath gotten strength is apt enough to encrease it self yet will do it so much the faster if it be as it were intended and forced like the same fire with a stiffe and feirce wind by the multiplying of money still to a greater quantity I mean that though by the perpetual encrease of money amongst men their estates might possibly never come to be above ten tims more then the money which they at present have amongst them yet by the said encrease of money their estates would so much the sooner be above ten times more then all the money that lately they had amongst them By all which the efficacie of this meanes for making a Poor people suddainly Rich doth more fully appeare which was the thing here to be demonstrated Hence therefore as it is no wonder why there is so much care taken by all States to prevent the exporting of coyne who have not any mine of gold or silver at their own command so the truth of what is affirmed by one Mr. Robinson of late in a book of his called Brief Considerations concerning the advancement of Trade and Navigation is here evidently demonstrated his words are these I conceive saith he it will appear upon inquiry That in whatsoever Country the greatest Stock of money and Credit shall be raysed there will the greatest Trade of the world be established Which being in Effect the same with what I have already affirmed I shall pass from that point as sufficiently cleered and here insert as no less pertinent to the scop of this Trea tise what the same Author in that place further addeth viz. That the greater Trade of one Country hath a capacity of undermining and eating out the lesser Trade of other Countrys That the greatest Trade will be able to make the greatest number of Shipping That what Nation soever can attain to and continue the greatest Trade and number of Shipping will get and

keep the soveraygnty of the Seas and consequently the greatest dominion of the world The truth of all which will be proved in their proper places LIB I. SECT V. Shewing That nothing can be alleaged against the aforesaid meanes for inriching a poor People but what argues as strongly against an increase of Trade amongst them though it be at present never so dead FOr that happily the meanes of which hath been hitherto discovered to make a poor people rich may be lyable in the apprehension of those who have not seriously considered thereof to some material objection which to remove is so essential to the main scope of this Treatise as the Enterprise it self hereafter proposed cannot otherwise be vindicated I thought fit before I proceeded any further to insert such considerations as might tend either to the preventing or answering of those objections Which therefore to do with as much brevity as possible I shall in this Section before I come to the full clearing of all other scruples in the next prove that nothing can be alleaged against the aforesaid meanes for inriching a poor people but what argues as strongly against an increase of Trade amongst them though it be at present never so dead If then in opposition to what is thus undertaken to be proved it should be objected that an increase of money would occasion an increase in the price of Commodities proportionable to such increase of money that is if the money were twice as much Commoditie would be twice as deare consequently going never the further in Commodity by the increase thereof would not occasion any increase in the sale of Commodity therefore not any increase of Trade and yet by causing the price of Commodities to rise incur an inconvenience contrary to what is before affirmed I answer that the Objection though for the better clearing of this point I thought it not fit to be omitted implies no lesse then a contradiction seeing it is evident or at least by the sequel shall be put out of all doubt That an increase of money cannot possibly occasion an increase in the price of Commodity otherwise then by increasing the sale thereof and that as hath been already alleaged if such money being doubled the price of Commodity be thereby also doubled such increase of money doth not in this case increase the sale of Commodity It followes that it is no occasion of increasing the price of Commodity at all Therefore to say that an increase of money doth by occasioning a greater sale of Commodity occasion so great an increase in the price thereof as not at all to occasion an increase in the sale thereof is I say a plain contradiction whereby it is manifest that an increase of money cannot occasion an increase in the price of Commodities fully proportionable to such increase of money Again if it were so yet this would incur no inconvenience as in the Objection is intimated For seeing though Commodities should be upon this occasion twice as dear yet there is also twice as much money dispersed amongst men whereby they are in as good a capacity to purchase as great a quantity of Commodity as if having but half that money it should go twice as farre so that the inconvenience is no whit greater then the advantage But to admit that an increase of money must needes occasion a proportionable increase in the price of Commodities as it is already made evident that it would imply a Contradiction so it is manifest that there is a great absurdity in it For either a people having now ten times more money amongst them then formerly though they have also ten or 100. times more Commoditie yet in this case Commodities must needes be now ten times dearer then formerly or else a people though they have now ten times more money amongst them then formerly cannot possibly have more Commodity amongst them then formerly either of which to affirm is I say absurd and contrary to the truth of what will fully appear in the Section following Neither indeed if this were truth could the hoarding up of monies which is equivalent to a decrease thereof in quantity occasion a decrease of Commodity as by what hath been said appeares that it doth and by consequence an increase in the price thereof If it be replyed that since the discovery of the Mynes in the West-Indies whereby the world hath been filled more full of money then formerly Commodities are likewise growen much dearer then formerly I confess that if there be now ten times more money in the World then formerly seeing it cannot be conceived that the whole world is capable of affording ten times more Commodity then formerly it must be granted that an increase of money in the whole World may occasion an increase in the price of Commodities though not fully proportionable neither to such increase of money for it doth not appear that Commodities are so many times dearer as money in the world is now of late yeares multiplyed yet seeing matters may be ordered so as the whole world may be able to afford ten times more plenty of Commodity to any one Land or Nation then now it doth especially if the same Land might be improved so as to yield much more Commodity out of its own Bowels then for the present through the extream poverty of the People and deadness of Trading men can find sale for in this case if the money in that Land were ten times more then it is it might soone come to passe that there would be ten times as much Commodity to be sold for money whereby the price thereof as I shall have occasion hereafter to observe would be kept from rising And thus this scruple I suppose is fully removed To proceede therefore to the proofe of what is before asserted I say first that an encrease of money cannot possibly occasion an encrease in the price of comodities or any other Inconvenience but by increasing the sale of Commodities For an increase of money can produce no evill but what it doth by augmenting the quantity of that which is either kept by or layed out The quantity of that which is kept by being Augmented doth indeed imbolden men to spend the more freely through which as people live the more Comfortabely so the sale of Commodity that is Trade is so much the quicker but besides this I say the Increase of that which lyes by occasions no Inconvenience other then if it were so much Brass or Lether lying by except what it doth by hindering the sale of so much Commodity as by the currant thereof would be returned yet this Inconvenience is not to be imputed to the Increase of money but rather to the contrary for that so long as it is kept by it is all one as if it were not increased Now that on the other side by increasing the quantity of what is layed out it produces no evill other then what it doth by increasing the sale of

from whence they are brought Therefore This enterprise tendeth to abate the price of Commodity and that stil more and more perpetually 14. To provide store against Famine That is when corn or any provision fit to be store up is cheape in any Land or Nation whatsoever it may by this meanes be bought up and pawned for Bills according to such quantity as shall be allowed by authority with which Bills as with a new stock men may continue to Trade keeping their corn or such like commodity till a time of scarcity And this will both affoard advantage to those that store it up and help much to mitigate the dearth which otherwise would sometimes ensue For though such storing up of corn or other provision as it is managed by men looking solely at their own private advantage is a practice much abused to the oppression and not reliefe of the poor yet that should not debar men from the right and lawful Vse thereof in regard that if honestly managed it tends as much to the releife of the poor in a time of dearth as any one thing whatsoever Thus then it appears that this enterprise tendeth to provide store against Famin. 15. To relieve and imploy the poor To releive them viz. First by occasioning a fall in the price of Commodities Secondly by providing store against Famin. Thirdly by inriching the generality of the people through which meanes both the number of those that stand in need of reliefe are decreased by growing rich and also those that should relieve them are so much the more increased both in number and estate Fourthly by erecting Pawne-houses through which matters may be so ordered as these Bills may be lent without Interest for some small charge per Cent. towards the maintenance of an Office And that not onely for inconsiderable sums in the manner of Bridges in Flanders but for sums of great value to accommodate Merchants and others And hereby also it must needs come to passe that not onely extortion but even Interest of moneys must needs come suddainly to nothing But of this God permitting more hereafter if need require Therefore this enterprise tendeth much to relieve the poor which was the first thing to be proved Secondly to imploy them First by increase of Trade for without trading there cannot be sufficient imployment for such poor as are willing to take pains much lesse for others Secondly by inriching the people whereby they are inabled to maintain more Servants and Attendants both in reference to their Trades and Families and that both in their health and sicknesse Thirdly by mens putting their neerest Friends and relations that are destitute of any meanes of lively-hood into some credible way of imployment For men that are rich themselves will be loath to see their neerest relations perish or to maintain them at their own charge when through a general quicknesse of Trading the meanes of putting them into a thriving Condition is made Feasible Fourthly through the abatement of Interest whereby those monied men who are destitute of the skill of any Trade of which there are very many would be glad to lend their stock upon reasonable conditions to such honest and wel-governed persons as having skill in a Trade are out of present imployment for want of stock of their own And this no doubt would occasion such men to be sought after and put in a way not onely of lively-hood but of thriving Fifthly such Officers as shall at any time be imployed in setting the poor on worke and intrusted with a stock to that end may by onely hanging out such a Flag as is before mentioned find sale for their Commodities and that with ready pay in money or Bills though they should prepare them never so fast without which it is manifest their attempt would be both a prejudice to themselves and to those poor that are willing to take pains for a lively-hood and likewise these Officers if they put in security may also double such their stock with the yearly increase thereof Therefore this enterprise tendeth much and in many respects to imploy the poor Which was the second thing here to be proved 16. To augment Custome and Excise According to the increase of Trading such is the encrease of Custome and Excise which if Trading were multiplyed proportionably might serve in the place of all taxes with a sufficient over plus besides to the great advantage of the State and ease of the People 17. To promote the sale of Lands 1. It is a rule that the decrease of Interest doth increase the price of Lands 2. Who will not buy Land when by morgaging the same he may have his stock restored in Bills whereby to follow a Trade 3. It will be for the advantage of this Company to purchase Land in manner as is declared Lib. 2. Sect. 1. Whereby they may increase the number of the said Bills until they have multiplyed their Trading unto the utmost degree possible Therefore this enterprise tendeth in divers respects to promote the sale of Lands 18. To remove the causes of imprisonment for Debt Seeing by this meanes all men that will but hang out the said Flag may have as much Trading as they are able to manage with ready pay in the aforesaid Bills the truth of which I have already sufficiently demonstrated It must needs tend to occasion that trading upon private credit which doth occasion many mens runing in Debt further then they are able to satisfie wil soon be laid down Therefore this enterprise tendeth much to remove the causes of imprisonment for debt 19. To lessen the hazard of Trading on Credit For seeing by this meanes all Trading on private Credit will be laid down and that the hazard of Trading upon the Credit of this Company will not be considerable in regard that the Security for making good what they undertake is matters being ordered as is declared no lesse then equall to that of the Chamber of London Banke of Amsterdam or any which on earth can be given as is fully cleared Lib. 3. Sect. 4. Therefore this enterprise shall tend to lessen and in a manner to annihilate the hazard of Trading on credit which in a word will be no small incouragement to trade 20. To prevent high-way-Thieves If matters be ordered so as these Bills though surprised in the high-waies shall neither be any benefit to the surpriser nor any losse to him from whom they are taken which how it may be done I shall shew hereafter if need require it will occasion that men will seldome if ever send any considerable sums from one Town to another in money but exchanging their money for Bills such Bills being as good I say as any Bonds whatsoever will rather send those Bills in stead of money whereby such robers as aime at the surprising of mony will be disapointed Now seeing such Robbers will not find it at all worth their time much lesse so apparent hazard of their lives and fortunes