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A77440 A brief memorial wherein the present case of the antient leasees, the inward pawn sub-tenants, and the outward pawn present tenants, of the Royal exchange [is] ... stated. : As also some animadversions ... relating to the ... revenue of the said place ... / By an unfeigned welwisher to the flourishing estate of the city of London ... T. P. (Theophilus Philalethes) 1674 (1674) Wing B4604; ESTC R170805 39,573 61

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miserably these men were mistaken in their present notions they would now be glad withal their hearts to see all those things proposed in the said Book really and effectually accomplished For as double Pawns was therein proposed it would rather have fortified their wrack rents the more would have been the pity for the remaining time of their Leases than have impaired or diminished which was their darling notion wherein they were so much in the dark any part or parcel thereof And therefore what shall a man say to these things but only monstrum horrendum informe ingens cui lumen ademptum and the truth of it is undigested principles and false notions as not being guided by reason once sucked in hath been in all ages of most pernitious and dangerous consequence both to Church and State So that now as briefly as I could and as the matter would bear I have here given you the true state and present condition of these antient Leasees and as for their present design now on foot and so furiously carried on withal the fair shows and most specious pretences imaginable for Leases of 21 years although their arguments for the same as I could easily make appear are but weak sophistical fallacious and of a dismal consequence the which looking with so ugly and deformed a countenance I hope the Young men in the outward Walks will wash their hands in innocency and will not desire to be of their Councels nor Faction therein nor yet suffer themselves to be admitted though it seems some of them have been courted and invited thereunto because of going hand in hand to the grand Committee to make their design more feiseable but they have hitherto had the grace to refuse themselves to be Members of their private Cabal And as for their Tenant-rights so much insisted upon and cryed up amongst them as much as was the great Diana of Ephesus Whereas in re vera after their Leases are expired they have no more legal right or pretence thereunto as being your propriety and estate than a Porter that goes every day along the Streets with his burthen at his back And here I would willingly be informed by this Honourable Court of this one question viz Who hath the more legal and Tenant-right in equity and good Conscience to renew the Leases of your said Shops him that hath paid a wrack rent of about 40 or 50 pounds per Annum for one single Shop for 10 or 20 years together or him that hath paid about 12 or 14 pounds per annum for the same tearm and if you will not please to resolve me in this question pray let it be propounded to the Antient Leasees when they come next before you with their humble petition for Leases of 21 years more to give their answer thereunto and it is prayed that their humble petition their Tenant-rights and their 21 years Leases may out of your Court be dismissed together And as for an abatement of their present rents it is my humble request unto this Honourable Court so long as they shall continue in actual possession that you would please to use them as kindly as you can Having dispatched the ancient Leasees I come now to the poor Sub-tenants which present themselves next in order and these I have placed in the Center because we usually say In Medio consistit Virtus so that I hope you will take special notice of them But by reason I have also made bold to present you with an Humble Petition in their behalfs wherein their Case likewise is fairly and truely stated and have prayed that you would please to take them into your particular care and protection I presume I need not trouble you much further in this place upon their Account But onely there is one very material Objection and stumbling-block to be removed out of the way before they can sound a Victory or can conclude that their future Happiness Tranquillity and Redemption is approaching or near at hand and that is this Viz. That although you did formerly make a most famous Order as being then truly sensible of the former Estate Condition of your poor Sub-tenants which if it was then made like the Laws of the Medes Persians unalterable it deserves to be engraven upon the Walls of your Royal Exchange next to Sir William Turner in Letters of Gold Viz. That those onely who should be in actual Possession at or near the Expiration of any of your future Leases should be permitted to Renew But so it is That since the late dreadfull Fire this Order hath been much infringed and you have taken 5 l. a piece of several of the ancient Leasees to Renew again for Eleven years so that Tempora mutantur New Lords New Laws But it is hoped that upon second thoughts and upon your Petitioners present Complaint you will not permit them to Renew but will still construe this Transaction with reference and respect first had to your former Order unless you did repeal and make void the said Order after the late Fire and before you did receive their said Five pounds or else that you did not take any notice thereof as not remembring in what a Condition those Sub-tenants had been or else that you took it for granted that all those Leasees who had payd in their Five pounds had been in actual possession and if so you may very well return them their Money again as under a mistake But if this for the present cannot be avoyded it is hoped for the future as Leases do fall into your hands you will please to take a special and particular care in relation thereunto And now it comes into my mind I remember a remarkable Passage of an ancient Shop-keeper as I have been informed of your Royal Exchange which being pertinent to the business in hand I have thought good here to insert Viz. That the good old Man having payd a Wrack-rent for the space of several years together for his Dwelling-house but at length when his Land-lords Lease from the Company was near expired as he was sitting one Night by the Fire with his Children about him there knocks a man at his door with this Message viz. That he came from the Master and Wardens of such a Company to give him Notice that he must come such a day to the Hall as being the immediate Tenant to Renew the Lease of his House At which the good old Man was so much overjoyed and transported as that he thought it was a good Angel in Humane shape that did appear to bring him such welcome and such acceptable Tydings The Application hereof I leave to your most worthy selves and if it should so happen that in process of time Mr. Godfrey or any of your Officers should chance to be any of these good Angels I question not but the honest and true-hearted Sub-tenants would give them honest content and satisfaction for their pains And now to close in relation to