Selected quad for the lemma: blood_n

Word A	Word B	Word C	Word D	Occurrence	Frequency Band	MI	MI Band	Prominent
blood_n	body_n	great_a	part_n	6,429	4	4.3809	3	false

Text snippets containing the quad

ID	Title	Author	Corrected Date of Publication (TCP Date of Publication)	STC	Words	Pages
A48293	Proposals to the King and Parliament, or, A large model of a bank shewing how a fund of a bank may be made without much charge or any hazard, that may give out bills of credit to a vast extent, that all Europe will accept of rather than mony : together with some general proposals in order to an act of Parliament for the establishing this bank : also many of the great advantages that will accrue to the nation, to the crown, and to the people, are mentioned, with an answer to the objections that may be made against it / by M.L.	Lewis, M. (Mark), fl. 1678.	1678 (1678)	Wing L1848; ESTC R29943	42,251	47

say all others shall one way or an other be advantaged to be sure they shall have no loss The manner how it may be done is thus Divide the Nation into Precincts suppose two or three hundred into a Precinct as the nature of the place and the reason of the thing shall require A County is generally too big a Hundred is too little therefore so many Hundreds may be cast into one Precinct as shall be judged convenient London Westminster and Southwark and the adjacent Suburbs may be divided into several Precincts In the whole Nation there may be three or four hundred Precincts Offices may be erected in each of these Precincts in the most convenient places to return Mony to any part of the Nation where it shall be desired on purpose to prevent High-way-Robbing and to expedite the returns of Mony That is if a person is at London and desires a hundred Pounds at York he pays in his hundred Pounds at the Office at London and receivs a Bill of Credit to receive this at York so that none need to carry any more Mony than just to defray his Charges upon the Road. Mony in a Nation is like bloud in the Veins if that circulates in all the parts of it the whole body is in health if it withdraws it self from any part that languishes and withers as we find by experience if the bloud stagnates as the Mony doth here about the City the Limbs are child and the Heart not benefited These methods of returning Mony would bring it again into the remote parts of the Nation and a little expeditiously returned would seem a great deal doing the work of four times the same quantity moving slowly as a Stick moved round very quick seems to be in every place That Statute of El. 1. Cap. 9. By which the Hundred is bound to repair men Robbed may be repealed when no body needs to carry their own Mony if any man will do it let it be at their own perils Thus all the Mony taken from honest men which is not inconsiderable by a pack of Rogues may be saved and the lives of many men now lost in the defence of their Mony will be preserved All greater payments suppose a hundred pounds and upwards may be ordered to be made at these Offices to be attested by them to prevent frauds else the payments shall not be good in Law Many times greater payments are pretended to be made when they are not so that some are cheated and divers are involved in unnecessary sutes in Law It is less troublesome in Cities and great places where men are near these Offics to go to the Office and transmit their mony there deposited than it is for them to tell it in a Tavern and lodge it in their Inn or to carry it to their dwellings If any person be to pay any great Sum suppose a thousand Pounds possibly he cannot provide this all at once when he hath got some part of it he must lay it some where till he can procure the rest and no place is so sit as these Offices where the person receiving it will be glad to leave it till he can lend it out or lay it out though he has no interest because it is safer than in his own Chest All persons that please shall have liberty upon such conditions after mentioned to deposite their Mony in these Offices where the Officer shall give a Bill of Credit to the depositer that he hath so much Mony of his and that it shall be paid to him or his assigns upon demand No man shall be forced to leave his Mony in these Offices but shall be in the same condition when the Offices are erected as he is now before the erecting of them If he can get no good by them he shall not need to receive any damage from them There is no reason a man should have any interest for his Mony deposited in these Offices for it lies there as Cash in his own Chest that pays him no interest till he lends it out or lays it out thus he may do with his Credit or Mony in the Bank as soon as he can If any desire to leave his Mony it shall be upon such terms as are after mentioned which none are forced to submit to unless they think they can get by so doing These Bills of Credit shall be made transferrable Men will usually transfer their Credit from one to another at the Office but in case they are at a distance and will run the risk whether the Bill is counterseited or no they may assign their interest in the Office so far as that Bill goes to whom they please who shall have the right of receiving the Mony as the party had to whom it was first given No Mony deposited in these Offices shall be liable to any forfeitures to the Crown but the party depositing it shall have liberty to dispose of it as fully and freely as if he were not at all obnoxious This will give some Credit and Reputation to Bank Mony whilst it is freed from this inconvenience It will be no great prejudice to the Crown the personal Estates of Men convicted for Felonies are usually imbezeled and the King is cheated of them Besides he may be recompensed another way out of the profit of these Offices The whole Estate of the neighbour-hood real and personal shall be obliged to make good all the acts of their Office as the Hundred is now bound to repair men robbed The Free-men of London are bound as I have been informed to make good the acts of the Lord Major Court of Aldermen and Common Council The whole Nation is a Fund to raise rates for the poor and to pay the assessments the Parliament shall lay upon it this is for charge and therefore may with good reason may become a Fund in expectation of profit where there is so little appearance of any loss This will be no prejudice to any mans Estate Land without this incumbrance is not worth above twenty years purchase set up these Offices and with this incumbrance in a little time the same Lands will be worth forty years purchase so that Owners will have no cause to complain That this Incumberance may be the less the Neighbourhood of every Precinct shall choose yearly their stated Officers who shall give Security to the Neighbourhood the Precinct shall not be damnified The Neighbourhood ought to choose their own Officers because they must be responsible for the Actions of their Officers For this Reason the Freemen choose their Common-Counsel If they choose their Officers they will endeavour to choose able and honest men that may deal justly and the neighbourhood will be in no more danger of being damnified by their Officers than the Freemen of London have been prejudiced by theirs in the Chamber of London which hath been nothing at all for many years as far as ever I have heard Besides these Stated Officers the

our mony in the Bank or out of our own Chests in these humane Affairs there is no absolute security to be expected every Creditor hath here as good as can be in this World Object 9. These Banks will be inconvenient for monied Men and for many Misers that would not have their Estates known least they should be Taxt c. Answ I never intended these Banks to advantage Theeves Brokers or Usurers but to do good to the honest industrious labouring and trading people of the Nation Answ These Misers have been and would be still protected by the Authority of the Nation and there is all the reason in the World they should contribute to the maintaining it they have sherked long enough already and laid the heaviest load upon the weakest Horse its time every one should bear their own burthen these Banks ought to be the better liked because they will bring things to such a just and even Ballance Object These are troublesome times and not proper to attempt so great a thing as this is Answ The Bank at Amsterdam was begun and constituted in a time more troublesom than ours are he that observes the Wind doth not Sow and he that observes the Rain doth not Reap Answ 2. If these Banks were Constituted its probable they would in a short time produce some tollerable Effect and so be in a condition it may be in a few Moneths to supply the extraordinary occasions of the Nation better than any other way that is yet visible It s true the Esse of every thing is to be consulted before the bene esse Every Nation ought to provide for its immediate defence against an imminent Enemy but I do not see how the promoting these Banks will any way hinder the present defence of the Kingdom if it doth it is before those that know how to lay it aside Object It s better to begin this at first in some one or in some few places and by a Law make the Estates of some particular private Men that are willing to be the Fund of a Bank Answ I know some have been hammering their Heads about such a little silly thing as this is and are so fond of their own dwarf Child that they think any that is bigger to be Monstrous and are afraid it should devour theirs You may be sure if particular Men incumber their Estates it is for some extraordinary advantage I see no reason why that should be appropriate to a few which with the same or a little more Labour may be made more diffusive and communicated to all If the Estates of a few Gentlemen suppose half a score of two or three thausand pounds a year would make so good a Fund that it would bring in much of the Mony of the Nation into it what would the Estate of the whole Nation do if it was put under such a circumstance Object All do alow Banks would be very advantageous to Trading Towns where mony is turned and returned backward and forward and think the answers tollerable to the objections made against the inconveniencies of these Banks but they can by no means see how they can be set up to any profit in inland places where at present there is very little mony in specie and like every day to be less because it is drawn out of those places by the Kings Revenue in Excise and Chimny-mony to the City as the Center or heart this Objection hath been made with much obstinacy by some Men that have thought themselves very wise Answ There is none so blind as wise men that will not see I think the Argument turnes upon these with undeniable reason its true mony in a Nation is like blood in the Body if that is drawn to the heart from the extream Parts and stagnates there they must needs wither and therefore all care ought to be taken that this may have its due Circulation I know nothing that will do it so effectually as these Banks because there is little mony in some parts of the Nation therefore Banks ought to be set up there The Bills of Credit these Banks give out founded upon the real and personal Security of the People as hath been proposed will be as currant as Gold in twenty shilling pieces in five pound and ten pound pieces and there will be no more necessity of Silver than there was forty years since when Gold abounded amongst us Silver was then of no other use than to exchange Gold as farthings are now to exchange Silver Just thus it would be in those places of the Nation where there is little mony these Bills of Credit upon so good a Fund would be mony as I have shewed having an intrinsick value in them If there were no other reason for the erecting these Offices in these indigent places but to promote Registers it would not be labour lost its true Banks would be more advantageous in some places than other yet doubtless they will be useful and profitable for all Registers will make Security Security will bring mony and so this evil will be healed Object How should these Banks answer persons desiring mony in specie upon returns or in case of mony deposited Answ In case of mony deposited they will have as much mony to pay out which they have received in as they have given out Bills of Credit for upon that account As to returns no more ought to be returned upon these weak Banks than they draw upon others if more is drawn upon them mony in specie as hath been provided must be sent from these Banks where it is superfluous Provision may be made here as it is when the Banks are first set up As to Credit given out upon Security the Bank must be wary knowing its weakness and must let the Creditor know if he will have mony in specie it must be upon such and such termes as the Bank is able to make good These Banks may take up mony at the common Interest where it is to be had suppose from London and may supply all men with Cash that desire it the mony of Widdows and Orphans will be disposed here at Interest as it is in the Chamber of London besides none will take out mony in specie if they can avoid it this will bring a running Cash into these parts which now are and will every day be more and more destitute of it Thus you see it evident because mony is scarce in several places therefore Banks ought to be set up there the Estates of such Precincts will at first make Paper mony that is Credit as useful as great mony in specie the Interest of this Credit will encourage and enable the Bankers to draw mony in specie thither though they pay the common Interest for it to answer Bills brought to them requiring mony in specie seeing they shall receive Interest for ten times as much Credit as they shall pay Interest for mony to supply Creditors Object Suppose