paper_n relate_v to_o a_o bank_n of_o credit_n upon_o land-security_n propose_v to_o the_o parliament_n of_o scotland_n by_o dr._n hugh_z 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 edinburgh_n print_v by_o the_o heir_n of_o andrew_n anderson_n printer_n to_o their_o most_o excellent_a majesty_n anno_fw-la 1693._o 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 proposal_n in_o behalf_n of_o doctor_n hugh_n chamberlain_n to_o the_o parliament_n of_o scotland_n 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 consideration_n first_o consideration_n whereas_o it_o be_v most_o evident_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 any_o 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 money_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 mercat_n it_o be_v therefore_o the_o undoubted_a interest_n of_o the_o people_n of_o scotland_n especial_o those_o who_o have_v the_o great_a estate_n whether_o of_o land_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 that_o 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 state_n 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 consideration_n second_o consideration_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 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 proper_a to_o it_o the_o land_n afford_v grain_n cattle_n wool_n flax_n coal_n salt_n copper_n iron_n lead_v and_o other_o native_a product_n beside_o the_o fish_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 and_o 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 the_o 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 consideration_n three_o consideration_n the_o people_n of_o this_o kingdom_n who_o have_v have_v liberal_a education_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 likeways_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 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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 substantial_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 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the_o rent_n agree_v and_o
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 a_o alloy_n in_o coinage_n or_o by_o wash_v file_v or_o clip_v whereas_o every_o bill_n of_o this_o credit_n will_v be_v secure_v by_o land_n of_o great_a worth_n than_o it_o be_v coin_v for_o and_o be_v not_o subject_a to_o any_o alloy_n in_o coinage_n nor_o to_o have_v its_o value_n diminish_v by_o any_o sort_n of_o fraudulent_a art_n whatever_o 2_o as_o to_o different_a value_v that_o will_v be_v settle_v as_o shall_v be_v judge_v most_o efficacious_a for_o the_o end_n of_o trade_n 3_o stamp_v of_o the_o government_n 4_o durability_n 5_o portability_n be_v equal_o provide_v for_o as_o in_o gold_n and_o silver_n indeed_o more_o as_o to_o portability_n for_o 100_o pound_n in_o credit_n will_v scarce_o exceed_v a_o ounce_n of_o silver_n in_o weight_n or_o bulk_n money_n be_v not_o so_o convenient_a as_o this_o credit_n in_o these_o respect_n viz._n for_o daily_a use_n in_o large_a payment_n for_o the_o trouble_v and_o loss_n of_o time_n in_o tell_v and_o retell_v the_o danger_n of_o clip_v and_o counterfeit_n money_n the_o trouble_v of_o carry_v great_a sum_n from_o house_n to_o house_n it_o be_v be_v subject_a to_o be_v transport_v to_o other_o nation_n and_o to_o be_v hoard_v by_o miser_n who_o fond_o dote_v upon_o the_o metal_n money_n be_v only_o a_o secure_a pledge_n of_o a_o know_a value_n that_o a_o man_n shall_v be_v repay_v in_o some_o other_o commodity_n for_o the_o commodity_n he_o part_v withal_o and_o it_o serve_v but_o to_o supply_v the_o interval_n of_o time_n between_o the_o sell_v of_o one_o commodity_n and_o the_o buy_n of_o another_o now_o the_o propose_v tally_n can_v well_o supply_v that_o interval_n and_o be_v yet_o a_o more_o secure_a pledge_n than_o money_n of_o gold_n and_o silver_n for_o ten_o thousand_o pound_n in_o money_n of_o gold_n and_o silver_n be_v of_o no_o great_a value_n than_o what_o it_o pretend_v and_o be_v very_o often_o 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not_o derive_v any_o value_n from_o a_o act_n of_o parliament_n but_o have_v the_o authority_n of_o a_o law_n to_o attest_v that_o they_o have_v a_o real_a value_n inseparable_o annex_v and_o adhere_v to_o they_o and_o secure_v by_o a_o fund_z of_o land_n of_o great_a intrinsic_a value_n than_o so_o much_o gold_n or_o silver_n as_o the_o credit_n be_v to_o pass_v for_o and_o that_o this_o will_n de_fw-fr facto_fw-la be_v the_o case_n the_o comparison_n of_o money_n and_o credit_n this_o day_n also_o give_v in_o to_o the_o committee_n plain_o make_v out_o as_o to_o the_o prevent_a forgery_n and_o counterfeit_n i_o grant_v the_o proposal_n to_o be_v worth_a nothing_o if_o there_o be_v not_o a_o effectual_a provision_n against_o they_o but_o the_o method_n of_o that_o and_o managment_n of_o the_o whole_a without_o disorder_n be_v secret_n that_o the_o doctor_n in_o prudence_n reserve_v to_o himself_o until_o the_o nation_n have_v secure_v to_o he_o the_o reward_n of_o his_o service_n according_a to_o his_o print_a proposal_n give_v in_o to_o the_o parliament_n the_o 14_o of_o june_n last_o to_o the_o second_o a_o universal_a trade_n and_o through_o all_o the_o world_n be_v very_o large_a and_o extensive_a term_n and_o a_o far_o less_o compass_n will_v take_v up_o ten_o time_n a_o great_a sum_n than_o be_v mean_v by_o the_o proposal_n i_o confess_v that_o gold_n and_o silver_n will_v be_v always_o useful_a to_o serve_v the_o minute_n necessity_n of_o trade_n and_o those_o necessity_n will_v occasion_v a_o double_a benefit_n they_o will_v both_o preserve_v the_o present_a money_n within_o the_o kingdom_n and_o cause_n return_v of_o more_o as_o the_o balance_n of_o trade_n but_o if_o in_o the_o mean_a time_n 100000_o lib._n be_v desire_v security_n shall_v be_v give_v to_o have_v it_o bring_v into_o the_o kingdom_n upon_o very_o reasonable_a term_n in_o case_n the_o proposal_n be_v establish_v by_o law_n to_o the_o satisfaction_n of_o dr._n chamberlain_n the_o doctor_n will_v also_o cause_v present_a the_o nation_n with_o such_o a_o scheme_n of_o trade_n assist_v with_o such_o eminent_a understanding_n and_o experience_a merchant_n as_o shall_v give_v a_o fair_a and_o open_a prospect_n of_o all_o the_o advantage_n that_o result_n from_o a_o proportional-stock_n and_o a_o well_o lay_v commerce_n to_o the_o three_o there_o will_v be_v no_o necessity_n for_o any_o man_n to_o carry_v his_o money_n to_o be_v put_v to_o interest_n out_o of_o the_o kingdom_n in_o case_n this_o proposal_n take_v effect_n for_o it_o be_v before_o plain_o show_v how_o moneyed-man_n may_v more_o profitable_o employ_v their_o money_n at_o home_n the_o law_n of_o the_o kingdom_n against_o export_v money_n be_v reinforce_v between_o the_o fear_n of_o they_o and_o the_o advantage_n of_o keep_v their_o money_n at_o home_n the_o nation_n will_v be_v in_o no_o danger_n of_o be_v drain_v of_o their_o gold_n and_o silver_n beside_o the_o great_a increase_n of_o trade_n which_o 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as_o found_v upon_o the_o credit_n must_v immediate_o sink_v with_o it_o when_o this_o be_v well_o consider_v there_o can_v be_v no_o imagination_n so_o sickly_a to_o entertain_v so_o wild_a and_o so_o impossible_a a_o dream_n and_o yet_o if_o the_o parliament_n think_v fit_a though_o i_o be_o sure_a there_o can_v be_v no_o need_n they_o may_v insert_v a_o clause_n that_o in_o case_n such_o act_n be_v rescind_v each_o creditor_n and_o debtor_n shall_v stand_v in_o the_o same_o term_n and_o relation_n to_o each_o other_o with_o regard_n to_o their_o debt_n and_o credit_n and_o the_o legal_a obligation_n to_o payment_n and_o remedy_n for_o recovery_n as_o at_o the_o time_n of_o make_v such_o act._n to_o the_o five_o the_o advantage_n of_o this_o proposal_n be_v not_o so_o limit_v to_o the_o land_a man_n but_o that_o mediate_o or_o immediate_o its_o influence_n and_o benefit_n must_v be_v extend_v through_o the_o whole_a nation_n in_o general_n and_o more_o or_o less_o to_o every_o 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and_o the_o poor_a who_o subsist_v by_o their_o labour_n must_v endanger_v to_o starve_v themselves_o and_o family_n if_o they_o stand_v stiff_a upon_o extravagant_a price_n beside_o they_o can_v all_o combine_v to_o do_v so_o and_o want_n will_v soon_o reduce_v the_o obstinate_a but_o the_o instance_n of_o the_o dutch_a be_v as_o good_a as_o a_o thousand_o argument_n they_o be_v vast_o rich_a both_o in_o coin_n and_o current_a credit_n yet_o neither_o scotland_n nor_o ireland_n though_o bare_a enough_o of_o money_n can_v produce_v their_o manufacture_n cheap_a than_o the_o dutch._n to_o the_o eight_o the_o security_n to_o the_o nation_n that_o no_o tally_n can_v be_v issue_v but_o what_o be_v first_o secure_v by_o land_n arise_v from_o the_o care_n and_o inspection_n of_o the_o trustee_n appoint_v by_o parliament_n and_o from_o the_o order_n and_o method_n of_o management_n and_o the_o check_n upon_o each_o officer_n so_o contrive_v as_o to_o make_v it_o impossible_a for_o a_o 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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 enjoy_v the_o free_a and_o undisturbed_a possession_n of_o such_o estate_n for_o the_o whole_a term_n he_o due_o pay_v such_o annualrent_a upon_o the_o make_n over_o any_o such_o estate_n the_o trustee_n thereupon_o direct_v their_o warrant_n to_o the_o master_n of_o a_o proper_a office_n therefore_o to_o be_v erect_v to_o issue_v 100_o year_n value_n of_o such_o estate_n in_o bill_n of_o credit_n of_o several_a value_n the_o better_a to_o accommodat_fw-la the_o use_n of_o trade_n which_o bill_n of_o credit_n be_v to_o be_v thus_o divide_v viz._n 40_o year_n value_v to_o the_o proprietar_n 30_o year_n value_v for_o his_o use_n but_o to_o be_v employ_v in_o such_o public_a trade_n or_o trade_n as_o the_o several_a proprietar_n shall_v in_o a_o body_n agree_v upon_o 10_o year_n 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law_n to_o receive_v a_o debt_n or_o payment_n in_o this_o specie_fw-la another_o be_v by_o the_o same_o law_n bind_v to_o receive_v it_o from_o he_o again_o and_o so_o from_o hand_n 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 compel_v 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_n 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 please_v to_o 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 30_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 &_o of_o credit_n a._n settle_v his_o land_n for_o 100_o year_n to_o pay_v 100_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 100_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 100_o lib._n in_o this_o credit_n to_o his_o coach-make_a the_o coach_n 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 a_o tanner_n for_o hides_n the_o tanner_n pay_v the_o same_o to_o a_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 100_o lib._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_o 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_v 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 year_n nor_o none_o to_o borrow_v at_o interest_n and_o â—rade_n either_o be_v not_o understand_v by_o such_o person_n or_o there_o be_v not_o room_n to_o â—â—ceive_v they_o answer_n 1_o will_v this_o objection_n be_v raise_v if_o these_o debt_n be_v pay_v and_o such_o a_o trade_n drive_v by_o money_n of_o gold_n and_o silver_n if_o it_o it_o be_v then_o raise_v it_o must_v needs_o be_v think_v groundless_a â—nless_a it_o be_v a_o crime_n to_o pay_v debt_n and_o drive_v a_o national_a trade_n without_o â—â—e_z exclusion_n of_o any_o private_a person_n if_o it_o will_v then_o be_v think_v groundless_a there_o be_v equal_a reason_n it_o shall_v be_v think_v so_o in_o this_o case_n for_o this_o credit_n be_v equal_a in_o all_o respect_n and_o superior_a in_o many_o to_o coin_a gold_n and_o silâ—er_n which_o be_v after_o make_v appear_v 2._o if_o this_o proposal_n be_v a_o public_a and_o national_a good_a the_o private_a interest_n of_o some_o few_o particular_a person_n aught_o to_o give_v way_n to_o it_o which_o have_v ever_o be_v the_o rule_n of_o all_o wise_a government_n 3._o the_o payment_n of_o all_o debt_n upon_o land_n will_v be_v great_o to_o the_o honour_n and_o advantage_n of_o the_o nation_n and_o will_v preserve_v the_o estate_n and_o honour_n of_o the_o ancient_a nobility_n and_o gentry_n and_o will_v also_o of_o natural_a consequence_n drive_v into_o trade_n which_o be_v the_o nation_n strength_n and_o riches_n the_o great_a part_n of_o that_o money_n that_o now_o prey_v upon_o the_o vital_n and_o noble_a part_n of_o the_o kingdom_n by_o devour_a usury_n which_o be_v the_o know_a destruction_n of_o untrade_n person_n 4._o it_o be_v deny_v that_o the_o whole_a subject_n of_o trade_n in_o this_o kingdom_n can_v be_v exhaust_v by_o the_o intend_a stock_n so_o as_o that_o any_o can_v want_v employment_n for_o their_o money_n for_o no_o nation_n ever_o be_v know_v to_o be_v too_o rich_a and_o the_o use_v and_o occasion_n of_o money_n do_v always_o natural_o multiply_v fast_o than_o money_n itself_o scotland_n have_v many_o profitable_a and_o improveable_a subject_n of_o trade_n and_o have_v she_o money_n to_o give_v life_n to_o ingenuity_n and_o industry_n the_o production_n of_o nature_n and_o improvement_n of_o art_n may_v in_o few_o year_n be_v many_o hundred_o time_n improve_v the_o sea_n alone_o be_v a_o inexhaustible_a treasure_n and_o can_v employ_v many_o million_o holland_n who_o have_v no_o subject_n of_o trade_n nor_o can_v have_v any_o yet_o by_o vast_a wealth_n in_o coin_n and_o credit_n drive_v the_o great_a trade_n of_o the_o world_n and_o grow_v rich_a by_o the_o product_n of_o other_o countery_n and_o by_o make_v herself_o the_o general_a storehouse_n of_o europe_n and_o almost_o of_o the_o world_n and_o the_o carrier_n also_o of_o the_o good_n of_o all_o nation_n to_o and_o fro_o wherever_o she_o be_v permit_v in_o what_o place_n soever_o there_o be_v great_a plenty_n of_o a_o common_a measure_n or_o medium_fw-la of_o trade_n which_o we_o usual_o term_v money_n it_o be_v impossible_a it_o shall_v lie_v dead_a useless_a or_o stagnate_n for_o like_o stream_n of_o water_n where_o ever_o they_o break_v out_o they_o will_v by_o natural_a and_o political_a reason_n force_v their_o own_o way_n into_o the_o wide_a sea_n of_o trade_n but_o to_o descend_v near_o to_o the_o moneyed_a man_n woman_n or_o child_n there_o will_v always_o more_o or_o less_o be_v money_n take_v up_o at_o interest_n the_o difference_n this_o proposal_n will_v make_v will_v be_v thus_o that_o now_o money_n be_v for_o the_o most_o part_n let_v to_o interest_n to_o the_o ruin_n of_o those_o that_o pay_v it_o be_v a_o dead_a weight_n upon_o their_o estate_n but_o in_o our_o case_n the_o industrious_a merchant_n only_o will_v take_v up_o money_n at_o use_n who_o will_v at_o the_o same_o time_n enrich_v himself_o and_o serve_v the_o creditor_n by_o which_o also_o the_o nation_n itself_o be_v improve_v 9_o but_o further_a two_o three_o of_o each_o landed-mans_n stock_n in_o trade_n may_v be_v make_v alienable_a at_o pleasure_n in_o order_n to_o the_o take_n in_o of_o moneyed-man_n and_o thereby_o diffuse_v the_o benefit_n of_o this_o proposal_n to_o the_o great_a number_n of_o person_n to_o the_o end_n it_o may_v become_v the_o more_o national_a 7._o also_o it_o may_v be_v enact_v that_o every_o creditor_n upon_o land_n shall_v have_v right_o to_o the_o value_n of_o half_a his_o debt_n upon_o the_o land_n itself_o as_o if_o he_o be_v proprietar_n for_o so_o much_o but_o the_o other_o half_o he_o to_o accept_v in_o credit_n with_o which_o he_o may_v also_o purchase_v share_n in_o the_o trade_n of_o such_o as_o be_v desirous_a to_o sell_v and_o thus_o may_v such_o person_n be_v profitable_o concern_v in_o trade_n though_o unskilled_a therein_o and_o without_o any_o just_a fear_n as_o i_o have_v show_v before_o of_o want_n of_o room_n to_o receive_v they_o 8._o but_o if_o there_o shall_v be_v any_o find_v so_o idle_a or_o unhappy_a after_o the_o spring_n of_o trade_n thus_o strong_o fix_v as_o to_o know_v no_o better_a way_n to_o employ_v their_o money_n thus_o take_v in_o credit_n than_o at_o interest_n let_v they_o put_v it_o into_o the_o bank_n upon_o these_o term_n viz._n to_o have_v 4_o per_fw-mi cent_z interest_n and_o if_o they_o call_v out_o their_o money_n which_o not_o to_o be_v till_o after_o 2_o year_n certain_a and_o then_o give_v six_o month_n notice_n they_o shall_v accept_v it_o in_o this_o credit_n but_o if_o the_o bank_n put_v it_o upon_o they_o then_o to_o be_v pay_v in_o gold_n and_o silver_n and_o the_o bank_n to_o give_v also_o six_o month_n notice_n to_o the_o creditor_n abstract_n of_o and_o answer_v to_o the_o second_o objection_n the_o objection_n suppose_v that_o all_o the_o natural_a and_o artificial_a product_n of_o scotland_n exceed_v not_o yearly_o one_o million_o and_o therefore_o if_o two_o million_o be_v coin_a one_o must_v be_v idle_a and_o the_o possessor_n of_o it_o must_v starve_v for_o the_o money_n be_v only_o passable_a in_o scotland_n and_o all_o good_n there_o be_v buy_v up_o with_o the_o first_o million_o and_o since_o no_o other_o nation_n will_v give_v good_n for_o the_o tally_n there_o will_v be_v no_o use_n for_o they_o answer_n grant_v that_o all_o the_o present_a product_n of_o scotland_n natural_a and_o artificial_a do_v not_o exceed_v a_o million_o yet_o i_o deny_v the_o inference_n that_o if_o one_o other_o million_o or_o ten_o other_o million_o be_v coin_a they_o must_v be_v idle_a and_o the_o possessor_n starve_v let_v scotland_n be_v deprive_v of_o all_o her_o present_a money_n and_o her_o present_a product_n will_v instant_o abate_v and_o in_o few_o year_n come_v to_o nothing_o increase_v her_o money_n and_o her_o product_n will_v be_v according_o who_o know_v how_o far_o the_o natural_a product_n of_o this_o kingdom_n may_v extend_v when_o there_o be_v money_n that_o causa_fw-la sine_fw-la qua_fw-la non_fw-la to_o improve_v thing_n to_o their_o high_a perfection_n many_o ground_n lie_v now_o waste_a for_o want_v of_o stock_n to_o employ_v they_o and_o the_o nerve_n of_o industry_n be_v every_o where_o slacken_v by_o the_o scarcity_n of_o this_o precious_a material_a that_o give_v life_n and_o motion_n to_o every_o political_a body_n money_n or_o what_o answer_v it_o be_v the_o nourishment_n of_o kingdom_n and_o state_n withdraw_v that_o food_n and_o they_o instant_o languish_v supply_v it_o plentiful_o and_o they_o become_v full_a of_o health_n and_o vigour_n land_n and_o hand_n be_v the_o material_a and_o efficient_a cause_n of_o wealth_n scotland_n have_v enough_o of_o both_o to_o raise_v she_o to_o a_o flourish_a condition_n if_o money_n be_v add_v to_o enable_v her_o hand_n and_o cultivate_v her_o land_n add_v to_o this_o the_o improvement_n of_o so_o many_o art_n and_o manufactory_n as_o never_o fail_v to_o offer_v themselves_o where_o there_o be_v plenty_n of_o money_n and_o these_o in_o conjunction_n with_o your_o natural_a product_n must_v be_v perpetual_a spring_n of_o wealth_n what_o do_v holland_n perform_v without_o any_o natural_a product_n only_o by_o her_o manufactory_n and_o artificial_a product_n gold_n and_o silver_n can_v only_o come_v to_o scotland_n by_o mean_n of_o a_o enlarge_v and_o extend_v trade_n trade_n can_v be_v only_o enlarge_v and_o extend_v by_o a_o mighty_a increase_n and_o perfection_n of_o natural_a and_o artificial_a product_n and_o those_o product_n as_o in_o all_o other_o place_n so_o here_o also_o can_v only_o be_v obtain_v by_o great_a plenty_n of_o money_n which_o plenty_n this_o proposal_n undeniable_o offer_v your_o product_n in_o great_a plenty_n in_o