Selected quad for the lemma: kingdom_n

Word A	Word B	Word C	Word D	Occurrence	Frequency Band	MI	MI Band	Prominent
kingdom_n	begin_v	time_n	year_n	5,438	5	5.3089	4	true

Text snippets containing the quad

ID	Title	Author	Corrected Date of Publication (TCP Date of Publication)	STC	Words	Pages
A31624	Papers relating to a bank of credit upon land security proposed to the Parliament of Scotland. By Dr. Hugh Chamberlen. Published by order of the committee, to which the consideration of the proposal is referred. Advertisement. The following proposal, with the objections, answers, and other papers relating thereunto, having been considered by the committee of Parliament, were ordered to be printed: to the end, that all persons, who have any other objections to make, might give in the same to the clerk of the committee, against their next meeting: Which is to be upon the 18 day of this instant July 1693.	Chamberlen, Hugh.	1693 (1693)	Wing C1877A; ESTC R215105	15,765	13

paper_n relate_v to_o a_o bank_n of_o credit_n upon_o land_n security_n propose_v to_o the_o parliament_n of_o scotland_n by_o dr._n hugh_n chamberlain_n publish_a by_o order_n of_o the_o committee_n to_o which_o the_o consideration_n of_o the_o proposal_n be_v refer_v advertisement_n the_o follow_a proposal_n with_o the_o objection_n answer_n and_o other_o paper_n relate_v thereunto_o have_v be_v consider_v by_o the_o committee_n of_o parliament_n be_v order_v to_o be_v print_v to_o the_o end_n that_o all_o person_n who_o have_v any_o other_o objection_n to_o make_v may_v give_v in_o the_o same_o to_o the_o clerk_n of_o the_o committee_n against_o their_o next_o meeting_n which_o be_v to_o be_v upon_o the_o 18_o day_n of_o this_o instant_a july_n 1693._o to_o his_o grace_n william_n duke_n of_o hamilton_n their_o majesty_n high_a commissioner_n and_o the_o honourable_a estate_n of_o parliament_n the_o follow_a consideration_n and_o proposal_n be_v humble_o present_v by_o dr._n hugh_n chamberlain_n whereas_o it_o be_v most_o evident_a conside_fw-la ∣_o ration_n one_a that_o a_o wise_a and_o large_a establishment_n and_o a_o continue_a course_n of_o considerable_a trade_n be_v a_o sure_a way_n whereby_o ●ny_a nation_n capable_a of_o it_o may_v attain_v to_o honour_n wealth_n and_o power_n because_o that_o thereby_o will_v arise_v first_o a_o great_a increase_n of_o mo●ey_n which_o answer_v all_o thing_n second_o a_o increase_n of_o people_n which_o be_v the_o strength_n of_o any_o kingdom_n or_o state_n and_o who_o do_v always_o gather_v to_o those_o place_n where_o money_n be_v in_o abundance_n and_o three_o a_o increase_n of_o ship_n which_o be_v the_o strong_a rampart_n of_o a_o island_n and_o by_o which_o merchandise_n be_v convey_v to_o the_o most_o profitable_a market_n it_o be_v therefore_o the_o undoubted_a interest_n of_o the_o people_n of_o scot●and_n especial_o those_o who_o have_v the_o great_a estate_n whether_o of_o ●and_n or_o money_n to_o employ_v themselves_o to_o the_o improvement_n of_o trade_n as_o universal_o as_o be_v possible_a and_o it_o be_v humble_o conceive_v ●hat_n this_o proposition_n need_v no_o other_o proof_n or_o illustration_n than_o what_o plain_o arise_v from_o the_o observation_n of_o those_o many_o and_o great_a advantage_n derive_v from_o trade_n to_o the_o kingdom_n of_o england_n the_o ●_z of_o the_o unite_a province_n and_o all_o other_o kingdom_n and_o state_n that_o have_v apply_v themselves_o to_o commerce_n the_o kingdom_n of_o scotland_n be_v as_o capable_a of_o make_v advantage_n by_o trade_n consi_fw-la ∣_o deration_n 2d_o as_o any_o other_o kingdom_n or_o state_n be_v surround_v with_o good_a sea_n port_n upon_o all_o its_o coast_n and_o have_v a_o very_a great_a and_o profitable_a subject_n of_o trade_n ●roper_a to_o it_o the_o land_n afford_v grain_n cattle_n wool_n flax_n coal_n ●alt_n copper_n iron_n lead_v and_o other_o native_a product_n beside_o the_o ●ishing_n of_o the_o river_n logh_n and_o sea_n this_o kingdom_n have_v likewise_o great_a number_n of_o people_n either_o not_o employ_v or_o not_o so_o full_o ●nd_v profitable_o as_o may_v be_v and_o have_v also_o such_o a_o provision_n of_o ship_n as_o may_v serve_v to_o begin_v a_o trade_n and_o may_v soon_o be_v increase_v if_o a_o great_a trade_n be_v set_v up_o the_o truth_n of_o this_o consideration_n will_v appear_v by_o compare_v the_o particular_n therein_o contain_v to_o those_o of_o ●he_n unite_a province_n where_o the_o proper_a subject_n of_o trade_n come_v very_o far_o short_a of_o that_o of_o this_o kingdom_n which_o province_n from_o very_o small_a beginning_n and_o under_o the_o discouragement_n of_o a_o war_n with_o spain_n at_o that_o time_n the_o most_o potent_a king_n of_o europe_n have_v yet_o raise_v themselves_o within_o a_o short_a period_n of_o year_n to_o that_o immense_a wealth_n grandeur_n and_o power_n that_o now_o they_o possess_v and_o have_v acquire_v it_o chief_o by_o their_o traffic_v in_o those_o subject_n of_o trade_n which_o proper_o belong_v to_o this_o and_o other_o nation_n the_o people_n of_o this_o kingdom_n who_o have_v have_v liberal_a education_n conside_fw-la ∣_o ration_n 3d._n be_v general_o in_o all_o country_n allow_v to_o be_v of_o great_a ingenuity_n and_o diligence_n and_o so_o well_o incline_v to_o virtue_n and_o frugality_n and_o so_o averse_a from_o luxury_n that_o where_o they_o be_v employ_v abroad_o they_o be_v outdo_v by_o none_o and_o the_o commons_o be_v docile_a and_o tractable_a and_o likewise_o robu_v and_o vigorous_a of_o body_n and_o sufficient_o incline_v to_o bestow_v their_o labour_n where_o there_o be_v prospect_n of_o moderate_a gain_n and_o be_v hitherto_o accustom_v to_o small_a wage_n it_o may_v just_o be_v conclude_v that_o no_o people_n in_o the_o world_n be_v natural_o more_o fit_v or_o better_o qualify_v for_o set_v up_o manage_v and_o prosecute_a a_o great_a and_o considerable_a trade_n it_o be_v most_o certain_o true_a in_o fact_n conside_fw-la ∣_o ration_n four_o nor_o can_v it_o be_v unknown_a to_o the_o intelligent_a in_o this_o nation_n that_o the_o great_a trade_n in_o the_o world_n be_v carry_v on_o not_o so_o much_o by_o the_o species_n of_o money_n which_o be_v in_o stock_n and_o cash_n as_o by_o a_o great_a credit_n attain_v to_o by_o mean_n partly_o of_o their_o visible_a subject_n of_o trade_n partly_o of_o their_o pain_n in_o and_o application_n to_o traffic_n but_o most_o of_o all_o upon_o account_n of_o the_o reputation_n and_o opinion_n of_o the_o great_a profit_n make_v in_o the_o course_n of_o a_o prosperous_a trade_n even_o where_o the_o native_a and_o proper_a subject_n of_o trade_n keep_v no_o proportion_n with_o the_o trade_n carry_v on_o as_o it_o be_v in_o the_o unite_a province_n where_o credit_n be_v the_o chief_a instrument_n of_o their_o commerce_n and_o that_o credit_v raise_v upon_o a_o fund_z more_o of_o opinion_n or_o reputation_n than_o real_a if_o therefore_o in_o this_o kingdom_n the_o want_n of_o a_o sufficient_a stock_n of_o money_n for_o the_o carry_v on_o a_o great_a trade_n can_v be_v make_v up_o by_o a_o credit_n ground_v upon_o a_o more_o real_a and_o substantial_a fund_z than_o the_o credit_n of_o any_o other_o nation_n either_o at_o present_a be_v or_o probable_o can_v be_v found_v upon_o then_o certain_o it_o may_v most_o reasonable_o follow_v that_o this_o kingdom_n be_v rather_o more_o capable_a of_o carry_v on_o great_a and_o national_a trade_n than_o most_o other_o kingdom_n or_o state_n in_o europe_n the_o title_n and_o tenor_n of_o estate_n especial_o land_n estate_n in_o this_o kingdom_n conside_fw-la ∣_o ration_n 5_o be_v more_o know_v sure_a and_o state_v and_o with_o great_a ease_n and_o certainty_n examinable_a by_o reason_n of_o the_o record_n here_o in_o use_n than_o in_o any_o other_o country_n and_o a_o evident_a clear_a and_o firm_a security_n upon_o land_n be_v the_o best_a and_o most_o substanital_a fund_z of_o credit_n this_o kingdom_n be_v capable_a in_o this_o respect_n to_o raise_v a_o credit_n sufficient_a for_o improve_n to_o the_o uttermost_a the_o great_a subject_n of_o trade_n that_o now_o it_o unprofitable_o possess_v and_o this_o credit_n as_o far_o to_o exceed_v that_o of_o other_o nation_n as_o a_o real_a solid_a and_o permanent_a fund_z exceed_v those_o of_o opinion_n and_o reputation_n for_o such_o all_o those_o of_o other_o nation_n will_v be_v find_v to_o be_v when_o due_o weigh_v with_o that_o hereby_o propon_v for_o this_o kingdom_n upon_o these_o consideration_n which_o may_v so_o just_o be_v presume_v to_o induce_v the_o right_n honourable_a estate_n of_o parliament_n to_o receive_v and_o examine_v a_o proposal_n that_o tender_v to_o this_o kingdom_n the_o certain_a and_o effectual_a mean_n of_o so_o great_a wealth_n and_o honour_n the_o say_a doctor_n hugh_n chamberlain_n humble_o offer_v to_o the_o wisdom_n of_o this_o august_n assembly_n the_o follow_a proposal_n the_o proposal_n that_o a_o statute_n or_o law_n of_o this_o kingdom_n may_v be_v enact_v for_o nominate_v certain_a trustee_n or_o commissioner_n to_o be_v appoint_v now_o and_o from_o time_n to_o time_n by_o parliament_n and_o accountable_a thereunto_o which_o trustee_n be_v to_o have_v power_n to_o receive_v and_o examine_v the_o title_n and_o estate_n of_o all_o such_o as_o be_v willing_a to_o engage_v their_o land_n for_o the_o form_v such_o a_o secure_a current_a credit_n upon_o find_v any_o such_o estate_n clear_a in_o title_n the_o say_a trustee_n to_o take_v a_o conveyance_n thereof_o for_o 150_o year_n upon_o condition_n to_o be_v void_a when_o 100_o year_n payment_n shall_v have_v be_v make_v to_o they_o of_o the_o rent_n agree_v and_o such_o rent_n to_o be_v pay_v not_o in_o money_n or_o gold_n but_o only_o in_o the_o bill_n of_o credit_n issue_v to_o the_o grant_a by_o the_o say_a trustee_n and_o the_o heretor_fw-la or_o grant_a

to_o hand_n till_o it_o end_v at_o last_o in_o the_o annualrent_n which_o the_o land_n be_v oblige_v to_o pay_v and_o there_o it_o cease_v will_v it_o do_v scotland_n a_o service_n to_o bring_v some_o million_o of_o gold_n and_o silver_n into_o it_o this_o be_v equivalent_a for_o since_o credit_v upon_o a_o less_o secure_a fund_z performs_z in_o other_o country_n all_o the_o use_n and_o office_n of_o gold_n and_o silver_n what_o shall_v hinder_v the_o same_o effect_n here_o upon_o a_o better_a fund_z but_o however_o if_o a_o act_n of_o parliament_n pass_v de_fw-fr bene_fw-la esse_fw-la the_o nation_n run_v no_o risque_n if_o it_o do_v not_o take_v if_o it_o do_v take_v there_o be_v a_o mine_n of_o treasure_n open_v to_o they_o gratis_o the_o pass_v the_o act_n compelis_fw-la no_o man_n to_o come_v in_o and_o engage_v his_o land_n the_o proposer_n if_o desire_v will_v be_v oblige_v to_o cause_n bring_v in_o 100000_o lib._n sterling_a or_o more_o and_o purchase_v land_n in_o scotland_n and_o give_v 30_o year_n purchase_v for_o they_o the_o act_n be_v pass_v and_o then_o engage_v the_o land_n so_o purchase_v in_o the_o design_n the_o proposal_n be_v not_o so_o very_o obscure_a or_o mysterious_a to_o such_o as_o will_v take_v the_o pain_n to_o read_v it_o two_o or_o three_o time_n over_o deliberate_o and_o attentive_o and_o will_v then_o hearken_v to_o what_o answer_n can_v be_v give_v to_o any_o seem_a difficulty_n the_o manner_n of_o put_v it_o into_o practice_n and_o actual_a administration_n of_o it_o will_v indeed_o require_v a_o uncommon_a skill_n and_o understanding_n and_o this_o part_n dr._n chamberlain_n who_o invention_n and_o contrivance_n this_o design_n be_v and_o who_o have_v be_v thirty_o year_n mature_v it_o can_v best_o discharge_v so_o as_o to_o reduce_v all_o to_o such_o a_o exact_a method_n as_o shall_v make_v the_o whole_a clear_a and_o facile_a and_o prevent_v all_o confusion_n and_o disorder_n which_o shall_v they_o happen_v may_v disgrace_v and_o ruin_v the_o undertake_n but_o to_o settle_v this_o point_n and_o concert_v the_o matter_n of_o trade_n for_o the_o great_a benefit_n of_o this_o kingdom_n the_o dr._n in_o case_n the_o act_n pass_v will_v come_v to_o scotland_n a_o comparison_n of_o the_o circulation_n of_o gold_n and_o of_o credit_n a._n settle_v his_o land_n for_o a_o hundred_o year_n to_o pay_v a_o hundred_o lib._n of_o annualrent_a in_o bill_n of_o credit_n to_o the_o office_n he_o receive_v in_o the_o same_o credit_n a_o sum_n or_o consideration_n for_o the_o purchase_n of_o it_o b._n make_v a_o like_a settlement_n of_o land_n to_o c._n to_o pay_v a_o hundred_o lib._n in_o gold_n for_o the_o same_o term_n of_o year_n have_v receive_v his_o purchase_n money_n in_o gold_n a._n pay_v a_o debt_n of_o a_o hundred_o lib._n in_o this_o credit_n to_o his_o coach-maker_n the_o coach-maker_n pay_v it_o to_o the_o currier_n for_o leather_n the_o currier_n pay_v the_o same_o to_o the_o tanner_n for_o hides_n the_o tanner_n pay_v the_o same_o to_o the_o butcher_n for_o skin_n and_o raw_a hide_n the_o butcher_n pay_v it_o to_o a_o grazier_n for_o cattle_n the_o grazier_n to_o a_o farmer_n for_o corn_n and_o grass_n the_o farmer_n pay_v it_o to_o a._n his_o landlord_n and_o a._n pay_v it_o to_o the_o office_n for_o his_o annualrent_n now_o here_o be_v all_o their_o occasion_n answer_v and_o none_o the_o worse_o or_o the_o poor_a by_o it_o but_o the_o contrary_a the_o office_n receive_v back_o what_o it_o deliver_v out_o now_o take_v the_o payment_n as_o run_v in_o gold_n b._n pay_v a_o debt_n in_o gold_n of_o a_o hundred_o pound_n to_o his_o coach-maker_n the_o coach-maker_n pay_v the_o same_o to_o a_o currier_n for_o leather_n the_o currier_n pay_v it_o to_o a_o tanner_n for_o hides_n the_o tanner_n to_o a_o butcher_n for_o skin_n and_o raw_a hide_n the_o butcher_n to_o a_o grazier_n for_o cattle_n the_o grazier_n pay_v it_o to_o a_o farmer_n for_o corn_n and_o grass_n the_o farmer_n pay_v it_o to_o b._n his_o landlord_n for_o rent_n and_o the_o landlord_n pay_v the_o same_o gold_n to_o c._n for_o his_o annualrent_n now_o by_o this_o comparison_n it_o be_v plain_a that_o in_o the_o circulation_n and_o course_n of_o deal_v from_o the_o office_n to_o the_o landlord_n and_o back_o to_o the_o office_n again_o the_o turn_n be_v as_o well_o serve_v as_o in_o the_o instance_n of_o gold_n and_o the_o office_n be_v no_o poor_a in_o receive_v back_o the_o credit_n nor_o c._n no_o rich_a in_o receive_v back_o his_o gold_n than_o both_o be_v at_o the_o issue_v of_o their_o several_a sum_n in_o credit_n and_o gold_n three_o objection_n against_o the_o proposal_n give_v in_o to_o the_o committee_n the_o 30_o of_o june_n 1693._o objection_n i._n it_o appear_v by_o doctor_n chamberlen_n proposal_n that_o every_o one_o who_o shall_v settle_v one_o hundred_o pound_n per_fw-la annum_fw-la for_o a_o bank_n of_o trade_n shall_v upon_o the_o settlement_n make_v receive_v payment_n from_o the_o say_a bank_n of_o the_o sum_n of_o four_o thousand_o pound_n in_o tally_n current_n in_o all_o payment_n by_o virtue_n of_o a_o act_n of_o parliament_n and_o shall_v have_v other_o three_o thousand_o pound_n of_o tally_n employ_v in_o trade_n and_o commerce_n to_o his_o use_n and_o behoof_n suppose_v the_o person_n receiver_n of_o the_o four_o thousand_o pound_n be_v in_o debt_n shall_v pay_v his_o debt_n with_o the_o say_v four_o thousand_o pound_n or_o a_o great_a part_n of_o it_o so_o that_o his_o creditor_n shall_v be_v force_v to_o receive_v his_o sum_n in_o his_o say_a tally_n it_o be_v question_v what_o use_v the_o say_a creditor_n who_o live_v upon_o the_o interest_n of_o his_o money_n can_v make_v of_o his_o stock_n see_v in_o all_o probability_n there_o will_v be_v no_o borrower_n upon_o annualrent_a for_o it_o be_v to_o be_v suppose_v that_o many_o land_a man_n will_v not_o need_v to_o borrow_v but_o be_v in_o a_o condition_n to_o pay_v the_o debt_n they_o owe._n there_o will_v be_v such_o a_o considerable_a stock_n make_v up_o of_o the_o several_a three_o thousand_o pound_n employ_v in_o trade_n that_o such_o creditor_n not_o be_v able_a as_o it_o seem_v to_o be_v of_o the_o corporation_n propose_v with_o the_o landed-man_n can_v propose_v to_o themselves_o to_o employ_v their_o stock_n in_o trading_n with_o any_o reasonable_a prospect_n of_o advantage_n objection_n ii_o suppose_v that_o all_o the_o natural_a and_o artificial_a product_n of_o scotland_n yearly_a at_o present_a be_v worth_a a_o million_o sterling_n and_o that_o there_o be_v two_o million_o of_o tally_n coin_v and_o secure_v on_o a_o real_a fund_z as_o be_v propose_v then_o one_o million_o be_v bestow_v upon_o the_o year_n product_v what_o shall_v the_o haver_n of_o the_o other_o million_o do_v with_o their_o tally_n for_o on_o the_o supposition_n there_o be_v neither_o natural_a nor_o artificial_a product_n but_o what_o be_v already_o buy_v by_o the_o other_o million_o the_o tally_n be_v only_o passable_a money_n in_o scotland_n and_o therefore_o the_o other_o million_o must_v lie_v idle_a and_o the_o person_n who_o receive_v they_o from_o his_o debtor_n must_v let_v they_o lie_v idle_a and_o starve_v if_o you_o will_v say_v that_o trade_n be_v infinite_a and_o the_o subject_n of_o trade_n be_v inexhaustible_a which_o be_v not_o true_a yet_o as_o to_o any_o nation_n and_o particular_o as_o to_o scotland_n the_o subject_n be_v certain_o within_o the_o value_n of_o one_o million_o and_o no_o other_o nation_n will_v give_v good_n for_o our_o tally_n so_o that_o of_o necessity_n all_o that_o be_v coin_v above_o the_o yearly_a product_n of_o natural_a and_o artificial_a good_n must_v be_v useless_a until_o the_o product_n increase_v objection_n iii_o it_o appear_v by_o this_o proposal_n of_o doctor_n chamberlen_n that_o as_o much_o money_n will_v be_v raise_v as_o may_v pay_v all_o the_o debt_n of_o the_o nation_n and_o so_o there_o will_v be_v no_o use_n nor_o place_n for_o money_n upon_o annualrent_a in_o which_o case_n quaeritur_fw-la what_o shall_v become_v of_o the_o widow_n and_o orphan_n and_o other_o person_n in_o the_o kingdom_n who_o be_v not_o capable_a of_o trade_n see_v there_o be_v neither_o access_n to_o buy_v land_n nor_o lend_v out_o the_o money_n upon_o interest_n abstract_n of_o and_o answer_v to_o the_o first_o and_o three_o objection_n for_o these_o two_o differ_v not_o in_o substance_n the_o scope_n of_o they_o be_v that_o all_o the_o debt_n upon_o land_n be_v pay_v by_o this_o proposal_n and_o all_o the_o subject_a of_o trade_n whole_o take_v up_o by_o it_o what_o shall_v become_v of_o those_o who_o subsist_v only_o upon_o the_o interest_n of_o their_o money_n for_o there_o will_v be_v no_o land_n to_o purchase_v at_o least_o for_o some_o

of_o money_n which_o will_v natural_o make_v its_o own_o way_n to_o trade_n that_o money_n because_o of_o its_o plenty_n can_v lie_v idle_a and_o its_o possessor_n starve_v be_v a_o position_n till_o now_o unheard_a of_o all_o experience_n be_v against_o it_o for_o i_o deny_v that_o any_o one_o instance_n can_v be_v give_v where_o part_n of_o a_o nation_n starve_v because_o the_o whole_a be_v rich_a it_o have_v as_o little_a foundation_n in_o reason_n as_o in_o experience_n for_o what_o cause_n can_v be_v assign_v why_o plenty_n shall_v occasion_v poverty_n misuse_v of_o plenty_n may_v do_v it_o but_o then_o the_o misapplication_n not_o the_o plenty_n be_v in_o fault_n but_o those_o misapplication_n be_v only_o personal_a folly_n they_o be_v not_o chargeable_a upon_o nation_n with_o regard_n to_o trade_n that_o our_o propose_a credit_n or_o land-money_n be_v only_o passable_a in_o scotland_n be_v a_o excellency_n it_o possess_v superior_a to_o money_n of_o gold_n and_o silver_n the_o law_n make_v by_o all_o nation_n to_o restrain_v the_o export_n of_o money_n be_v a_o plain_a demonstration_n that_o it_o ought_v to_o be_v keep_v at_o home_o and_o this_o benefit_n be_v essential_a to_o this_o credit_n it_o be_v in_o its_o own_o nature_n local_a and_o need_v not_o the_o restraint_n of_o law_n that_o any_o can_v want_v employment_n for_o this_o money_n or_o starve_v in_o the_o possession_n of_o it_o i_o think_v i_o have_v sufficient_o evince_v to_o be_v impossible_a which_o yet_o may_v further_o appear_v by_o paragraph_n the_o four_o of_o the_o answer_n to_o the_o first_o and_o three_o objection_n eight_o other_o objection_n to_o doctor_n chamberlen_n proposal_n give_v in_o to_o the_o committee_n on_o tuesday_n the_o 4_o of_o july_n 1693_o the_o great_a medium_fw-la of_o trade_n and_o commerce_n suppose_v mean_v by_o the_o proposal_n be_v to_o be_v a_o kind_n of_o coin_n which_o be_v to_o derive_v its_o value_n from_o a_o act_n of_o parliament_n and_o of_o which_o the_o piece_n be_v to_o pass_v for_o so_o great_a a_o value_n as_o some_o of_o they_o for_o 100_o some_o for_o 50_o and_o the_o least_o for_o 5_o lib._n sterling_a may_v be_v a_o great_a temptation_n for_o ill_a man_n to_o bend_v their_o wit_n and_o hazard_v their_o life_n to_o counterfeit_v the_o same_o quaeritur_fw-la how_o the_o nation_n shall_v be_v secure_v against_o a_o evil_a of_o so_o dangerous_a a_o consequence_n ii_o the_o proposal_n design_v several_a million_o sterling_n which_o this_o coin_n be_v to_o pass_v for_o and_o which_o can_v be_v useful_a to_o the_o nation_n and_o owner_n thereof_o unless_o thereby_o a_o universal_a trade_n through_o all_o the_o world_n be_v carry_v on_o by_o they_o which_o can_v be_v without_o a_o additional_a stock_n in_o real_a species_n of_o gold_n and_o silver_n to_o serve_v in_o exchange_n for_o the_o minute_n use_v of_o the_o nation_n whilst_o this_o coin_n be_v to_o have_v course_n and_o also_o require_v traffic_v merchant_n who_o be_v acquaint_v and_o experience_v in_o a_o trade_n of_o so_o vast_a a_o extent_n for_o carry_v it_o on_o quaeritur_fw-la how_o the_o nation_n shall_v be_v secure_v of_o this_o additional_a stock_n of_o a_o hundred_o thousand_o pound_n sterling_a or_o more_o which_o the_o maker_n of_o the_o proposal_n offer_v and_o that_o such_o merchant_n shall_v take_v up_o their_o residence_n here_o and_o carry_v on_o the_o trade_n propose_v and_o instruct_v those_o of_o this_o nation_n in_o it_o iii_o there_o be_v little_a or_o no_o use_n of_o annual-rent_a if_o the_o proposal_n take_v effect_n those_o who_o have_v money_n and_o be_v not_o acquaint_v with_o trade_n will_v be_v oblige_v to_o carry_v their_o money_n out_o of_o the_o kingdom_n that_o they_o may_v have_v annualrent_a for_o it_o else_o where_o quaeritur_fw-la how_o the_o nation_n shall_v be_v secure_v against_o the_o drain_n this_o way_n of_o the_o gold_n and_o silver_n that_o shall_v be_v in_o the_o kingdom_n out_o of_o it_o and_o nothing_o leave_v but_o this_o statutory_a coin_n iv_o the_o debt_n of_o all_o the_o land_a man_n will_v be_v pay_v by_o the_o forty_o year_n purchase_n give_v for_o their_o land_n and_o if_o the_o act_n of_o parliament_n propose_v to_o be_v make_v shall_v happen_v to_o be_v thereafter_o rescind_v the_o creditor_n who_o shall_v have_v nothing_o but_o this_o statutory_a coin_n at_o that_o time_n in_o their_o hand_n shall_v come_v to_o be_v ruin_v v._o the_o proposal_n be_v design_v for_o the_o good_a of_o the_o nation_n and_o carry_v a_o manifest_a and_o extraordinary_a advantage_n to_o the_o land_a man_n above_o what_o they_o can_v have_v project_v or_o reasonable_o desire_v but_o seem_v rather_o prejudicial_a then_o profitable_a to_o the_o merchant_n and_o moneyed_a man_n both_o in_o respect_n that_o the_o trade_n of_o the_o nation_n which_o be_v now_o only_o lodge_v in_o their_o hand_n come_v to_o be_v lodge_v in_o the_o hand_n of_o the_o land_a man_n and_o that_o the_o merchant_n and_o motived_a man_n be_v to_o be_v deprive_v of_o the_o security_n which_o they_o former_o have_v for_o their_o money_n upon_o the_o estate_n of_o their_o debtor_n and_o of_o the_o annualrent_n whereby_o many_o of_o they_o live_v very_o plentiful_o quaeritur_fw-la what_o method_n be_v proper_a to_o bring_v the_o loss_n and_o gain_n of_o the_o land_a &_o moneyed_a man_n to_o a_o more_o equal_a balance_n and_o how_o the_o moneyed_a man_n shall_v be_v secure_v in_o the_o payment_n of_o their_o annualrent_n at_o six_o per_fw-la cent_n for_o five_o or_o six_o year_n until_o they_o be_v teach_v the_o way_n of_o trade_n with_o their_o money_n vi_o the_o proposal_n be_v make_v to_o the_o english_a parliament_n the_o member_n whereof_o be_v understand_v to_o be_v a_o wise_a and_o trading_n people_n and_o the_o same_o as_o it_o be_v report_v reject_v by_o they_o though_o calculat_v as_o it_o will_v seem_v rather_o for_o the_o great_a wealth_n and_o substance_n of_o england_n than_o for_o the_o present_a condition_n of_o this_o nation_n queritur_fw-la how_o can_v it_o be_v make_v appear_v that_o it_o be_v reasonable_a for_o this_o nation_n to_o embrace_v a_o proposal_n reject_v by_o that_o wise_a people_n as_o also_o it_o will_v be_v clear_v how_o a_o proposal_n commensure_v for_o they_o can_v be_v agreeable_a to_o we_o vii_o if_o money_n shall_v be_v multiply_v at_o the_o rate_n of_o the_o proposal_n all_o commodity_n will_v rise_v in_o their_o price_n and_o workman_n will_v exact_v great_a wage_n and_o it_o be_v not_o to_o be_v suppose_v that_o people_n get_v their_o payment_n in_o statutory_a coin_n will_v take_v the_o same_o price_n as_o if_o they_o be_v get_v payment_n in_o gold_n or_o silver_n and_o the_o advantage_n that_o the_o master_n of_o manufactory_n have_v in_o this_o nation_n above_o those_o in_o england_n be_v that_o the_o wage_n of_o the_o workman_n of_o scotland_n be_v much_o less_o than_o of_o those_o in_o england_n quaeritur_fw-la how_o this_o prejudice_n can_v be_v prevent_v and_o the_o nation_n secure_v against_o the_o same_o viii_o the_o coin_n to_o be_v make_v use_n of_o conform_v to_o this_o proposal_n be_v to_o be_v definit_a in_o the_o quantity_n how_o shall_v the_o nation_n be_v make_v secure_a that_o no_o more_o be_v coin_v or_o make_v use_n of_o in_o the_o kingdom_n than_o that_o precise_a quantity_n agree_v upon_o a_o comparison_n of_o money_n and_o credit_n give_v in_o to_o the_o committee_n on_o tuesday_n july_n four_o 1693._o and_o relate_v to_o the_o objection_n and_o answer_n then_o give_v in_o money_n be_v a_o common_a and_o secure_a pledge_n institute_v to_o supply_v the_o defect_n of_o barter_n and_o to_o be_v the_o measure_n medium_fw-la and_o account_v of_o trade_n what_o ever_o can_v answer_v those_o end_n be_v due_o qualify_v to_o be_v make_v money_n by_o the_o law_n of_o any_o nation_n money_n must_v have_v these_o essential_a quality_n viz._n 1._o value_v to_o make_v it_o a_o security_n in_o exchange_n for_o all_o sort_n of_o good_n 2._o different_n value_v for_o convenience_n of_o small_a and_o great_a payment_n 3._o stamp_v of_o the_o government_n not_o to_o give_v but_o to_o attest_v its_o value_n and_o to_o authorize_v the_o currency_n of_o it_o 4._o durability_n to_o prevent_v loss_n by_o wear_v out_o or_o easy_o perish_v 5._o portability_n for_o ease_n of_o carriage_n the_o tally_n bill_n of_o credit_n or_o land-money_n propose_v by_o dr._n chamberlain_n will_v have_v all_o these_o quality_n of_o money_n equal_o with_o money_n of_o gold_n and_o silver_n in_o all_o respect_n and_o superior_a in_o some_o 1._o as_o to_o value_v money_n of_o gold_n and_o silver_n exceed_v not_o its_o value_n by_o weight_n at_o the_o most_o and_o be_v very_o often_o short_a of_o it_o either_o by_o too_o great_a alloy_n in_o coinage_n or_o by_o wash_v file_v or_o