Selected quad for the lemma: england_n

Word A	Word B	Word C	Word D	Occurrence	Frequency Band	MI	MI Band	Prominent
england_n	london_n	parliament_n	print_v	3,116	5	9.0916	4	false

Text snippets containing the quad

ID	Title	Author	Corrected Date of Publication (TCP Date of Publication)	STC	Words	Pages
A35215	An essay towards the setlement of a national credit in the kingdom of England humbly presented to the two honourable Houses of Parliament / by John Cary ...	Cary, John, d. 1720?	1696 (1696)	Wing C731; ESTC R8095	6,929	24

a_o essay_n towards_o settle_v a_o national_a credit_n a_o essay_n towards_o the_o setlement_n of_o a_o national_a credit_n in_o the_o kingdom_n of_o england_n humble_o present_v to_o the_o two_o honourable_a house_n of_o parliament_n by_o john_n cary_n merchant_n in_o bristol_n london_n print_v by_o freeman_n collins_n and_o be_v to_o be_v sell_v by_o s._n crouch_n at_o the_o corner_n of_o popes-head-alley_n in_o cornhill_n and_o e._n whitlock_n near_o stationers-hall_n 1696._o to_o the_o right_n honourable_a the_o lord_n spiritual_a and_o temporal_a and_o to_o the_o honourable_a the_o commons_o of_o england_n in_o parliament_n assemble_v have_v late_o present_v your_o honour_n with_o a_o essay_n on_o coin_n and_o credit_n the_o chief_a design_n whereof_o be_v to_o show_v the_o necessity_n of_o settle_v a_o well-grounded_n credit_n in_o this_o nation_n for_o support_n of_o the_o government_n and_o carry_v on_o its_o trade_n i_o do_v now_o with_o all_o humility_n lay_v before_o you_o proposal_n to_o answer_v that_o end_n which_o i_o have_v not_o clog_v with_o compulsion_n to_o the_o subject_a suppose_v nothing_o of_o this_o nature_n can_v be_v good_a where_o a_o common_a consent_n ground_v on_o interest_n do_v not_o make_v it_o valuable_a bank_n as_o i_o humble_o conceive_v ought_v chief_o to_o be_v calculate_v for_o the_o use_v of_o trade_n and_o model_v so_o as_o may_v best_o content_v the_o trader_n what_o give_v they_o satisfaction_n will_v answer_v all_o other_o occasion_n of_o the_o kingdom_n money_n pass_v through_o the_o hand_n of_o the_o nobility_n and_o gentry_n only_o as_o water_n do_v through_o conduit-pipe_n into_o the_o cistern_n but_o centre_n in_o the_o hand_n of_o trader_n where_o it_o circulate_v and_o may_v be_v say_v to_o be_v use_v and_o among_o these_o ease_n profit_n and_o security_n be_v argument_n strong_a enough_o to_o keep_v a_o bank_n always_o full_a beside_o when_o the_o strait_n of_o the_o government_n be_v take_v off_o great_a sum_n will_v come_v into_o trade_n which_o be_v now_o draw_v out_o in_o order_n to_o make_v advantage_n above_o what_o the_o profit_n of_o trade_n will_v bring_v in_o the_o head_n whereon_o i_o propose_v to_o build_v this_o national_a credit_n be_v these_o which_o follow_v that_o a_o bank_n be_v erect_v on_o the_o credit_n of_o the_o parliament_n the_o profit_n or_o loss_n thereof_o to_o redound_v to_o the_o nation_n who_o chief_a chamber_n shall_v be_v settle_v in_o london_n but_o lesser_a chamber_n in_o other_o place_n of_o this_o kingdom_n at_o such_o distance_n as_o may_v best_o answer_v the_o occasion_n of_o the_o country_n which_o chamber_n to_o account_v with_o that_o of_o london_n and_o that_o to_o commissioner_n appoint_v by_o parliament_n that_o this_o bank_n shall_v take_v in_o what_o run_v cash_n shall_v be_v offer_v and_o shall_v give_v their_o note_n for_o it_o and_o shall_v also_o allow_v interest_n after_o the_o rate_n of_o ______o 3½_n per_n cent._n per_fw-la annum_fw-la after_o the_o first_o ______o 14_o day_n till_o those_o note_n be_v pay_v and_o shall_v also_o pay_v it_o again_o to_o the_o proprietor_n or_o any_o part_n thereof_o when_o demand_v that_o if_o any_o man_n put_v in_o his_o money_n for_o a_o time_n certain_a not_o less_o than_o ______o 6_o month_n he_o shall_v receive_v interest_n from_o the_o time_n of_o pay_v it_o in_o to_o the_o time_n he_o be_v repay_v that_o this_o bank_n shall_v let_v out_o any_o sum_n again_o on_o reasonable_a security_n either_o real_a personal_n or_o good_n receive_v interest_n after_o the_o rate_n of_o ______o 4½_n per_n cent._n per_fw-la annum_fw-la till_o the_o borrower_n shall_v think_v fit_a to_o pay_v it_o in_o which_o he_o shall_v do_v by_o such_o part_n as_o will_v best_o suit_v his_o occasion_n and_o be_v discharge_v from_o the_o interest_n of_o what_o he_o so_o pay_v and_o only_o pay_v after_o the_o rate_v aforesaid_a for_o so_o much_o as_o do_v remain_v in_o his_o hand_n that_o if_o any_o one_o desire_n to_o take_v up_o money_n on_o such_o security_n for_o a_o time_n certain_a not_o less_o than_o six_o month_n he_o shall_v have_v it_o after_o the_o rate_n of_o ______o 4_o per_fw-la cent._n interest_n per_fw-la annum_fw-la that_o lombard_n be_v erect_v to_o attend_v this_o bank_n for_o the_o benefit_n of_o trader_n under_o regulation_n which_o may_v encourage_v trade_n that_o for_o the_o benefit_n of_o return_v the_o note_n give_v in_o any_o one_o chamber_n of_o this_o bank_n shall_v be_v demandable_a in_o any_o other_o together_o with_o the_o interest_n due_a till_o payment_n the_o receiver_n allow_v for_o such_o return_v after_o the_o rate_n of_o ______o 5s_n for_o each_o hundred_o pound_n in_o the_o chamber_n where_o he_o receive_v his_o money_n that_o to_o prevent_v counterfeit_n all_o note_n give_v out_o at_o any_o chamber_n shall_v be_v make_v payable_a to_o a._n b._n or_o order_n and_o assign_v from_o one_o to_o another_o each_o assigner_n to_o be_v warrantee_n for_o the_o note_n both_o to_o the_o bank_n and_o also_o to_o every_o late_a assignee_n that_o these_o note_n shall_v be_v take_v by_o the_o king_n in_o all_o payment_n which_o will_v make_v they_o currant_n among_o the_o subject_n that_o this_o bank_n do_v supply_v the_o king_n with_o all_o loan_n at_o ______o 4l_o per_fw-la cent._n interest_n per_fw-la ann._n from_o the_o time_n of_o borrow_v to_o the_o time_n the_o money_n be_v pay_v in_o again_o and_o that_o it_o have_v the_o tax_n or_o fund_v settle_v by_o act_n of_o parliament_n for_o its_o security_n that_o all_o debt_n contract_v to_o this_o bank_n shall_v be_v of_o the_o same_o nature_n with_o debt_n contract_v to_o the_o king_n and_o be_v first_o pay_v out_o of_o the_o estate_n of_o the_o debtor_n and_o that_o extent_n shall_v lie_v according_o that_o a_o account_n be_v keep_v of_o profit_n and_o loss_n in_o each_o chamber_n together_o with_o the_o charge_n of_o the_o officer_n etc._n etc._n and_o that_o it_o be_v return_v up_o every_o three_o month_n as_o also_o account_v currant_n to_o the_o grand_a chamber_n in_o london_n where_o the_o whole_a shall_v be_v examine_v by_o the_o commissioner_n and_o they_o be_v liable_a to_o the_o inspection_n of_o the_o parliament_n by_o which_o mean_v it_o will_v appear_v whither_o the_o nation_n get_v or_o lose_v by_o it_o and_o note_v that_o if_o the_o nation_n do_v loose_a one_o hundred_o thousand_o pound_n per_fw-la ann._n by_o the_o charge_n of_o its_o management_n yet_o it_o will_v get_v many_o million_o in_o the_o increase_n of_o its_o trade_n though_o there_o be_v no_o doubt_n but_o this_o bank_n will_v very_o much_o more_o than_o support_v its_o charge_n that_o register_n for_o land_n be_v erect_v in_o all_o county_n etc._n etc._n where_o desire_v by_o act_n of_o parliament_n that_o bill_n be_v pass_v on_o the_o bank_n by_o such_o as_o be_v appoint_v to_o buy_v for_o the_o public_a use_n of_o the_o nation_n payable_a at_o the_o time_n of_o their_o agreement_n by_o which_o mean_v every_o one_o will_v endeavour_v to_o furnish_v the_o government_n cheap_a when_o their_o payment_n shall_v be_v punctual_a the_o king_n will_v save_v a_o great_a deal_n of_o money_n pay_v now_o for_o procuration_n excessive_a interest_n etc._n etc._n and_o the_o fleet_n and_o army_n will_v be_v well_o pay_v that_o the_o commissioner_n do_v once_o every_o year_n at_o least_o make_v up_o the_o account_n depend_v between_o the_o public_a and_o the_o bank_n allow_v ______o 4l_o per_fw-la cent._n interest_n as_o before_o and_o make_v application_n to_o the_o parliament_n for_o its_o reimbursement_n that_o bill_n and_o bond_n be_v make_v assignable_a by_o law_n and_o the_o property_n be_v thereby_o transfer_v to_o the_o assign_v that_o trustee_n may_v put_v the_o money_n belong_v to_o orphan_n into_o this_o bank_n which_o shall_v be_v a_o discharge_n to_o they_o for_o so_o much_o of_o their_o trust_n the_o interest_n to_o be_v due_o issue_v out_o for_o the_o maintenance_n of_o the_o say_a orphan_n and_o that_o all_o plate_n and_o bullion_n belong_v to_o the_o say_a orphan_n be_v by_o the_o trustee_n coin_v up_o at_o the_o next_o mint_n and_o the_o money_n put_v into_o the_o bank_n for_o the_o use_n of_o the_o say_a orphan_n that_o the_o money_n in_o this_o bank_n be_v free_v from_o tax_n concern_v which_o credit_n i_o shall_v brief_o speak_v to_o these_o four_o thing_n i._n first_o its_o security_n ii_o second_o some_o of_o those_o advantage_n the_o nation_n will_v reap_v by_o it_o iii_o three_o i_o shall_v make_v some_o comparison_n between_o this_o credit_n and_o the_o present_a bank_n of_o england_n iu._n four_o i_o shall_v set_v forth_o the_o necessity_n of_o settle_v the_o nation_n credit_v in_o this_o present_a session_n i._o as_o to_o the_o first_o it_o have_v the_o legislative_a power_n of_o the_o kingdom_n of_o

29._o iii_o the_o three_o thing_n be_v to_o make_v some_o comparison_n between_o the_o credit_n here_o propose_v and_o the_o present_a bank_n of_o england_n which_o i_o humble_o conceive_v be_v so_o shake_v in_o its_o reputation_n as_o have_v render_v it_o uncapable_a to_o be_v make_v the_o foundation_n of_o a_o national_a credit_n and_o whilst_o we_o labour_v to_o recover_v it_o we_o may_v run_v the_o hazard_n of_o destroy_v our_o trade_n disturb_v the_o government_n and_o keep_v ourselves_o under_o a_o linger_a war_n whilst_o we_o encourage_v the_o french_a king_n to_o try_v his_o utmost_a effort_n hope_v that_o our_o difficulty_n at_o home_n will_v force_v we_o to_o accept_v of_o a_o dishonourable_a peace_n it_o be_v certain_a nothing_o can_v be_v the_o support_n of_o a_o national_a credit_n which_o be_v not_o better_o or_o at_o least_o so_o good_a as_o money_n and_o this_o be_v not_o to_o be_v find_v in_o the_o bank_n of_o england_n who_o note_n whilst_o they_o be_v one_o per_fw-la cent._n worse_o than_o specie_fw-la will_v always_o keep_v their_o coffer_n empty_a because_o no_o man_n will_v put_v into_o it_o a_o hundred_o pound_n in_o money_n when_o he_o can_v have_v a_o note_n of_o the_o same_o value_n for_o ninety_o nine_o and_o the_o consequence_n will_v be_v this_o that_o the_o lender_n or_o rather_o the_o jobber_z will_v never_o rest_v till_o he_o be_v repay_v that_o so_o he_o may_v be_v make_v advantage_n by_o a_o new_a purchase_n and_o if_o this_o will_v be_v the_o effect_n of_o a_o credit_n worse_o only_o by_o one_o per_fw-la cent._n than_o money_n what_o will_v it_o be_v when_o it_o be_v sink_v to_o sixteen_o whereas_o on_o the_o other_o side_n when_o a_o credit_n be_v better_a than_o money_n the_o coffer_n will_v ever_o be_v full_a because_o all_o man_n will_v endeavour_v to_o put_v in_o their_o money_n and_o be_v impatient_a till_o it_o be_v do_v and_o thus_o it_o will_v be_v when_o the_o lender_n think_v himself_o secure_a and_o make_v more_o profit_n by_o have_v his_o money_n in_o the_o bank_n then_o in_o his_o chest_n who_o will_v therefore_o receive_v out_o no_o more_o at_o a_o time_n than_o his_o necessity_n shall_v require_v and_o for_o the_o same_o reason_n those_o to_o who_o he_o pay_v it_o will_v endeavour_v to_o return_v it_o thither_o again_o so_o soon_o as_o they_o can_v iv_o as_o to_o the_o four_o thing_n propose_v the_o necessity_n the_o nation_n lie_v under_o to_o have_v its_o credit_n settle_v this_o present_a session_n it_o will_v appear_v if_o we_o consider_v how_o london_n now_o stand_v in_o competition_n with_o all_o england_n beside_o as_o to_o the_o specie_fw-la of_o money_n and_o how_o it_o will_v stand_v before_o another_o session_n it_o be_v general_o agree_v that_o about_o one_o moiety_n of_o the_o money_n of_o england_n be_v already_o centre_v in_o that_o great_a city_n and_o the_o rest_n be_v not_o enough_o to_o pay_v the_o debt_n owe_v to_o it_o together_o with_o his_o majesty_n revenue_n bond_n already_o enter_v into_o and_o tax_n now_o to_o be_v give_v for_o six_o month_n long_o beside_o the_o foreign_a bill_n which_o be_v general_o make_v payable_a there_o all_o which_o must_v be_v return_v in_o specie_fw-la for_o though_o by_o a_o act_n of_o this_o present_a session_n entitle_v a_o act_n for_o the_o far_o remedy_v the_o ill_a state_n of_o the_o coin_n of_o this_o kingdom_n it_o be_v among_o other_o thing_n provide_v that_o all_o money_n that_o shall_v be_v bring_v in_o upon_o account_n of_o tax_n or_o revenue_n or_o loan_n at_o five_o shilling_n and_o eight_o penny_n per_fw-la ounce_n shall_v be_v carry_v to_o the_o next_o adjacent_a mint_n in_o order_n to_o be_v recoined_a yet_o this_o will_v no_o way_n be_v serviceable_a to_o the_o country_n unless_o a_o credit_n be_v settle_v it_o must_v otherwise_o be_v send_v up_o to_o london_n after_o coin_v for_o want_n of_o return_v the_o debt_n due_a to_o the_o country_n be_v pay_v there_o in_o bank_n which_o be_v sixteen_o per_fw-la cent._n worse_o than_o money_n and_o those_o due_n from_o the_o country_n demand_v in_o specie_fw-la so_o that_o the_o money_n of_o england_n be_v every_o week_n bring_v up_o thither_o and_o then_o if_o it_o be_v next_o consider_v what_o method_n be_v leave_v to_o the_o country_n to_o draw_v it_o back_o again_o viz._n by_o provision_n and_o some_o few_o other_o thing_n it_o will_v be_v reasonable_a to_o believe_v that_o see_v the_o supply_n make_v from_o that_o city_n to_o the_o country_n be_v great_a then_o what_o be_v make_v from_o the_o country_n thither_o all_o the_o cash_n of_o england_n will_v centre_n there_o in_o a_o short_a time_n to_o the_o ruine_n of_o the_o other_o trade_n city_n and_o disable_n of_o the_o country_n to_o pay_v future_a tax_n and_o this_o will_v make_v the_o dependence_n on_o london_n still_v great_a till_o by_o its_o own_o bloatiness_n it_o must_v at_o last_o burst_v when_o the_o estate_n of_o the_o trader_n shall_v consist_v only_o in_o debt_n due_a from_o the_o country_n which_o must_v still_o lie_v out_o for_o want_v of_o a_o specie_fw-la to_o pay_v they_o in_o so_o that_o all_o the_o advantage_n london_n will_v receive_v be_v that_o it_o will_v be_v last_o ruin_v now_o if_o a_o good_a credit_n be_v settle_v out_o of_o hand_n and_o the_o mint_n continue_v in_o the_o country_n the_o money_n that_o be_v now_o there_o may_v be_v still_o keep_v there_o and_o method_n find_v out_o to_o increase_v it_o and_o the_o trade_n of_o england_n carry_v on_o with_o a_o equal_a circulation_n in_o all_o place_n this_o will_v keep_v up_o the_o rent_n of_o the_o land_n of_o england_n which_o must_v otherwise_o fall_v in_o their_o value_v suitable_a to_o the_o distance_n they_o stand_v in_o from_o that_o great_a metropolis_n if_o it_o be_v object_v that_o the_o management_n of_o this_o credit_n will_v be_v very_o costly_a to_o the_o nation_n i_o humble_o conceive_v that_o the_o profit_v thereof_o will_v not_o only_o support_v its_o charge_n but_o also_o bring_v in_o a_o great_a overplus_n which_o may_v be_v useful_o employ_v to_o the_o nation_n advantage_n yet_o be_v this_o objection_n true_a nothing_o can_v be_v term_v good_a husbandry_n which_o spoil_v our_o trade_n the_o stop_v whereof_o but_o for_o one_o month_n will_v be_v many_o million_o lose_v to_o the_o kingdom_n therefore_o whatever_o charge_n be_v necessary_a to_o keep_v it_o on_o foot_n it_o will_v be_v the_o nation_n interest_n to_o be_v at_o especial_o such_o a_o bank_n as_o this_o be_v who_o profit_n or_o loss_n be_v compatible_a with_o the_o interest_n of_o the_o subject_a for_o if_o the_o bank_n lose_v it_o be_v because_o the_o subject_n get_v and_o if_o the_o bank_n get_v the_o nation_n have_v the_o profit_n whilst_o at_o the_o same_o time_n the_o government_n be_v support_v and_o our_o trade_n carry_v on_o if_o by_o rectify_v this_o or_o any_o better_a proposal_n from_o a_o more_o think_v head_n the_o credit_n of_o the_o nation_n may_v be_v settle_v in_o this_o present_a session_n i_o have_v reap_v the_o end_n i_o aim_v at_o the_o good_a and_o welfare_n of_o my_o native_a country_n which_o i_o humble_o submit_v to_o your_o honour_n great_a wisdom_n and_o shall_v be_v ready_a to_o explain_v any_o thing_n that_o may_v seem_v doubtful_a when_o i_o be_o thereto_o command_v your_o honour_n most_o obedient_a servant_n john_n cary._n january_n 5_o the_o 1696._o