Selected quad for the lemma: truth_n

Word A	Word B	Word C	Word D	Occurrence	Frequency Band	MI	MI Band	Prominent
truth_n	exchange_n	money_n	treble_a	18	3	16.1790	5	false

Text snippets containing the quad

ID	Title	Author	Corrected Date of Publication (TCP Date of Publication)	STC	Words	Pages
A06791	A treatise of the canker of Englands common wealth Deuided into three parts: wherein the author imitating the rule of good phisitions, first, declareth the disease. Secondarily, sheweth the efficient cause thereof. Lastly, a remedy for the same. By Gerrard De Malynes merchant.	Malynes, Gerard, fl. 1586-1641.	1601 (1601)	STC 17227; ESTC S111941	40,448	144

England running as a riuer or branch must needs be gouerned by the former currant which is not perceiued of our merchants that commonly follow this rule if the exchange do come high from beyond the seas presently they will make it higher here in regard of discrepance and distance of time and place before mentioned I say and intreat still of the generall exchange for those places whereof we haue the head and thereby might command if the course thereof were not abused by the bankers and those that haue made it become as a trade to Englands great preiudice As by the application thereof either here or beyond the seas to the course of trafficke may be manifested both concerning monies and commodities If the exchange with vs here be low so that more will bee giuen for our money being caried in specie then by bill of exchange can be had then our money is transported whereas otherwise no man would aduenture the money and stand in danger of the law to loose treble the value if by a simple bill of exchange he might haue as much payde him beyond the seas for in truth gaine is the cause of exportation of our monies which gaine doth not consist in the substance of the money for as the right exchange is grounded vpon the weight and finenesse of our money and the weight and finenesse of the money of each other countrey and thereupon the valuation of the money maketh the price of exchange it followeth that neither difference of weight finenesse of standard or valuation of monies can be any true cause of transportation of our money so long as a due course is holden in the exchange But this due course being abused causeth as before our monies to be transported and maketh scarsitie thereof which abated the price of our home commodities and on the contrary aduanceth the price of the forreine commodities beyond the seas where our mony concurring with the monies of other coūtries causeth plenty whereby the price of forrein commodities is aduanced so might it fare with the price of our home commodities being transported to those places were we not hindred by the tolleration of their monies to go currant far aboue their value with them and to the greater trāsportation of ours and hinderance of importation of any vnto vs. This tolleratión of the price of mony beyond the seas must be distinguished from the valuation which is done by publike authority of the Prince or gouernour of euery countrey whereas the tolleration is brought in by particular men as the marchants are that contrary to the commaundement of Princes or states do receiue and pay the mony at a higher rate aduancing the price of their commodities But if we will looke vnto the proportionable course of this tolleration we shall easily perceiue that men of vnderstanding haue the handling thereof and that superiours will winke at priuate mens faults for their owne benefite First those that hold with vs in proportiō between the gold siluer 11. to 1. by valuation suffer all the gold to go currant after 12. to 1. wherby our angel is worth aboue 18. sh. flemish with thē not being otherwise worth 17. shillings So the 2. angels making our poūd sterling wil make by exchange at the most but 34. shil and being caried in specie do make aboue 36. shillings our exchange still holding his course according to the siluer which by the par is esteemed at 33. shillings 4. pence albeit therein is also an error and so for Hamborough at 24. shillings eight pence or twenty fiue shillings either or for France at sixe shillings the crowne all which calculations are vncertaine and preiudiciall to the realme And yet my meaning is not to enter into these particulars as not being the efficeint cause but onely accidentally may be meane causes the due course of the exchange not being obserued Secondly for the siluer monies we shall also find a great difference if we compare our money of 11. ounces two peny weight fine to their Ricx dolor esteemed at 10. ounces 12. peny weight or the Philip dolor of 10. ounces fine or rather 9. ounces 18. peny weight as we find the same Much more if we do consider that our siluer mony yeelded the greatest profit being caried to the mints beyond the seas where of late since the East Indies trade it hath bene made equal with the valuation of gold and rather more wherby in effect they held the proportion of 11. to 1. with vs. But then the par of exchange ought to be aboue 36. shillings with the Low-countries or aboue 25. shillings with the East countries or else the realme euery subiect thereof looseth a great matter our monies both of gold and siluer are continually exported by the meanes of a low exchange If the exchange with vs here be high so that more money will be receiued beyond the seas by bill of exchange for our monies then the same would yeeld if it were caried in specie then euerie man is desirous to make ouer money by exchange and that money which should be employed vpon the commodities of the realme is deliuered by exchange to the great hinderance of the vent and aduancement of our home commodities and yet the forrein commodities not any way therefore sold the better cheape And herein we must consider two especial points first that both here and beyond the seas all commodities generally are sold payable at some short time vnlesse it be some small part for ready mony Secondly that generally our merchāts are here the takers vp of mony and the merchants strangers are the deliuerers of mony and the contrary is in some sort beyond the seas So that the course of exchange hath an easie cōmand still to Englands great preiudice For the scope of our merchants to make returne homewards implyeth at all times a necessity and so it doth not with the other for they do take their aduantage either by exportation of our monies or by making of it ouer at a high exchange And albeit that the transportation of mony is prohibited very straitly yet there is alwayes 3. wayes of exportation namely by cōmodities mony exchange But there is but two wayes of importation namely commodities and exchange whereby commeth a notable ouerballancing of forrein commodities with our home cōmodities And whereas it might be thought that those monies taken vp by exchange at a high price should be employed by English merchants vpon our home cōmodities or that the forren cōmodities are sold accordingly it is altogether contrary for he that taketh vp money at a high exchange doth it vpon necessitie must pay the same againe of the prouenue of his cloth or commodities alreadie sold or to be sold or must maintaine that money running vpon exchange wherein he shall be a notable loser pay treble interest If it be paid by the prouenue of commodities sold before and which is owing in debts then