the_o chief_a direction_n of_o that_o which_o he_o express_v he_o set_v forth_o their_o authority_n to_o keep_v their_o court_n in_o their_o town_n of_o calais_n but_o he_o conceal_v two_o matter_n of_o consequence_n contain_v in_o their_o letter_n patent_n viz_o a_o exception_n and_o a_o command_n grant_v a_o exception_n &_o a_o command_n of_o the_o merchant_n adventurer_n grant_v the_o exception_n that_o if_o in_o their_o court_n they_o make_v any_o law_n or_o ordinance_n contrary_a to_o the_o honour_n dignity_n royal_a or_o prerogative_n of_o the_o king_n or_o to_o the_o diminution_n of_o the_o common_a weal_n of_o the_o realm_n it_o be_v of_o no_o force_n the_o command_n we_o straight_o charge_v and_o command_v that_o all_o and_o every_o merchant_n or_o subject_n any_o way_n use_v or_o exercise_v the_o art_n or_o feat_n of_o a_o merchant_n adventurer_n be_v obedient_a unto_o the_o governor_n and_o come_v into_o the_o say_a fellowship_n of_o merchant_n adventurer_n and_o be_v free_a 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together_o with_o many_o other_o in_o the_o time_n of_o succeed_a prince_n and_o also_o by_o diverse_a and_o sundry_a the_o gracious_a letter_n patent_n of_o edw._n 2._o edw._n 3._o ric._n 2._o hen._n 4._o hen._n 5._o hen._n 6._o edw._n 4._o hen._n 7._o hen._n 8._o edw._n 6._o with_o a_o large_a and_o ample_a grant_n of_o new_a title_n and_o privilege_n in_o the_o three_o year_n of_o queen_n eliz_n of_o famous_a memory_n which_o she_o enlarge_v unto_o they_o in_o the_o 26_o year_n of_o her_o reign_n and_o that_o all_o these_o have_v be_v effectual_o confirm_v unto_o they_o by_o his_o highness_n gracious_a letter_n patent_n and_o for_o further_a proof_n of_o their_o use_n of_o the_o cloth_n trade_n they_o exhibit_v a_o report_n of_o three_o reverend_a judge_n viz._n sir_n christopher_n wray_n lord_n chief_a justice_n staple_n the_o report_n of_o three_o reverend_a judge_n in_o the_o behalf_n
the_o centre_n of_o the_o circle_n of_o commerce_n or_o a_o refutation_n of_o a_o treatise_n entitle_v the_o circle_n of_o commerce_n or_o the_o balance_n of_o trade_n late_o publish_v by_o e._n m._n by_o gerard_n malynes_n merchant_n magna_fw-la est_fw-la veritas_fw-la praevaluit_fw-la 〈◊〉_d semper_fw-la praevalebit_fw-la london_n print_v by_o william_n jones_n and_o be_v to_o be_v sell_v by_o nicholas_n bourne_n at_o the_o royal_a exchange_n 1623._o regina_fw-la pecunia_fw-la loquor_fw-la haec_fw-la gaudere_fw-la facit_fw-la sapientis_fw-la nomine_fw-la stultum_fw-la &_o grave_a prudentis_fw-la munus_fw-la obire_fw-la viri_fw-la quisquis_fw-la in_o hac_fw-la non_fw-la est_fw-la sapiens_fw-la quasi_fw-la stultus_fw-la habetur_fw-la &_o quasi_fw-la quod_fw-la vacuum_n sit_fw-la ratione_fw-la caput_fw-la regnat_fw-la in_o incertis_fw-la regina_fw-la pecunia_fw-la rebus_fw-la moribus_fw-la ambiguae_fw-la quae_fw-la stat_fw-la in_o orbe_fw-la deae_fw-la to_o the_o most_o illustrious_a and_o most_o excellent_a prince_n charles_n prince_n of_o wales_n duke_n of_o cornwall_n earl_n of_o chester_n etc._n etc._n it_o may_v please_v your_o highness_n the_o oracle_n of_o apollo_n at_o delphos_n be_v demand_v why_o jupiter_n shall_v be_v the_o chief_a of_o the_o god_n since_o mars_n be_v the_o best_a soldier_n answer_v mars_n be_v valiant_a but_o jupiter_n wise_a conclude_v by_o this_o that_o council_n and_o policy_n be_v of_o more_o force_n to_o subdue_v then_o valour_n parua_fw-la sunt_fw-la arma_fw-la foris_fw-la nisi_fw-la sit_fw-la concilium_fw-la domi_fw-la say_v cicero_n but_o forasmuch_o that_o neither_o wisdom_n nor_o valour_n can_v well_o subsist_v without_o treasure_n since_o money_n have_v obtain_v the_o title_n of_o the_o sinew_n of_o war_n and_o the_o life_n of_o commerce_n i_o hope_v that_o the_o accumulate_v thereof_o may_v proper_o be_v call_v the_o praeheminent_a study_n of_o prince_n when_o the_o same_o be_v procure_v by_o trade_n which_o be_v the_o 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money_n will_v increase_v the_o price_n of_o all_o thing_n whereby_o the_o king_n most_o excellent_a majesty_n shall_v become_v the_o great_a loser_n in_o the_o revenue_n of_o the_o crown_n and_o the_o nobility_n and_o land_a man_n also_o and_o to_o make_v foreign_a coin_n currant_n within_o the_o realm_n will_v overthrow_v his_o majesty_n mint_n and_o abrogate_v a_o mark_n of_o sovereignty_n the_o coin_n of_o money_n hereupon_o have_v in_o the_o epistle_n dedicatory_a of_o the_o say_a treatise_n unto_o his_o sacred_a majesty_n entitle_v the_o maintenance_n of_o free_a trade_n compare_v the_o same_o unto_o the_o little_a fish_n mention_v by_o plutarch_n swim_v before_o the_o great_a whale_n because_o i_o have_v then_o under_o the_o press_n a_o great_a volume_n of_o lex_fw-la mercatoria_fw-la dedicate_v likewise_o unto_o his_o majesty_n and_o both_o present_v unto_o your_o highness_n the_o say_v misselden_n carp_n at_o the_o simile_n and_o direct_v his_o course_n from_o your_o 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his_o circle_n be_v vain_a to_o make_v a_o definition_n of_o the_o centre_n of_o the_o earth_n be_v difficult_a even_o among_o learned_a philosopher_n and_o schoolman_n consider_v aristotle_n his_o doctrine_n ground_v upon_o levity_n of_o thing_n ascend_v and_o gravity_n of_o thing_n fall_v to_o their_o centre_n and_o the_o opinion_n of_o copernicus_n or_o rather_o of_o the_o pythagorian_o ascribe_v a_o stability_n to_o the_o heaven_n and_o a_o mobility_n to_o the_o earth_n but_o to_o make_v a_o definition_n of_o this_o centre_n gain_n be_v easy_a and_o engraft_v in_o every_o man_n judgement_n this_o centre_n make_v a_o perfect_a orb_n include_v all_o geometrical_a proportion_n and_o can_v answer_v all_o mathematical_a problem_n of_o trade_n for_o the_o double_n of_o the_o cube_n of_o solid_n and_o the_o quadrature_n of_o the_o circle_n in_o plain_a without_o plato_n exposition_n or_o misseldens_n conceit_a balance_n of_o trade_n for_o all_o the_o weight_n of_o commerce_n fall_v within_o the_o circuit_n of_o the_o circle_n of_o this_o centre_n gain_n insomuch_o that_o if_o the_o due_a consideration_n hereof_o be_v neglect_v in_o the_o course_n of_o trade_n nothing_o can_v be_v expect_v but_o the_o decay_n of_o trade_n and_o destruction_n of_o commonweal_n according_a to_o the_o demonstration_n of_o the_o follow_a allegory_n to_o a_o disease_a body_n natural_a so_o that_o statesman_n and_o politician_n be_v to_o bend_v their_o judgement_n in_o all_o public_a cause_n to_o this_o centre_n gain_n which_o bear_v the_o sway_n in_o all_o humane_a action_n thereby_o to_o find_v out_o all_o fallacy_n and_o misprision_n of_o trade_n to_o the_o increase_n of_o the_o kingdom_n stock_n without_o private_a regard_n of_o particular_a merchant_n make_v their_o benefit_n by_o the_o general_a loss_n of_o the_o kingdom_n there_o be_v no_o man_n so_o simple_a but_o will_v avoid_v a_o loss_n if_o he_o can_v and_o on_o the_o contrary_a procure_v a_o gain_n where_o he_o may_v or_o can_v shall_v it_o be_v imagine_v then_o that_o bullion_n &_o money_n will_v be_v import_v when_o the_o bringer_n thereof_o become_v a_o loser_n or_o that_o money_n will_v remain_v within_o the_o realm_n when_o so_o great_a a_o gain_n can_v be_v have_v by_o the_o exportation_n thereof_o or_o will_v any_o man_n think_v that_o trade_n can_v be_v drive_v convenient_o without_o money_n and_o exchange_n will_v not_o the_o want_n of_o it_o make_v a_o dead_a trade_n within_o the_o realm_n when_o this_o vital_a spirit_n of_o commerce_n fail_v sure_o it_o be_v questionless_a in_o every_o man_n understanding_n your_o highness_n therefore_o may_v be_v please_v to_o advance_v the_o establish_n of_o this_o centre_n in_o the_o course_n of_o trade_n whereby_o his_o majesty_n kingdom_n and_o dominion_n will_v flow_v with_o bullion_n and_o money_n and_o infuse_v life_n thereunto_o which_o will_v be_v feel_v by_o the_o pulse_n the_o hammer_n of_o the_o mint_n upon_o my_o life_n and_o reputation_n of_o knowledge_n which_o time_n and_o occasion_n seem_v to_o further_a by_o the_o price_n of_o exchange_n incline_v thereunto_o since_o this_o treatise_n have_v be_v under_o the_o press_n if_o any_o thing_n therein_o shall_v seem_v impertinent_a to_o the_o gravity_n of_o the_o centre_n i_o beseech_v your_o highness_n to_o attribute_v the_o same_o to_o the_o levity_n of_o the_o circle_n the_o rather_o because_o nugae_fw-la seria_fw-la ducunt_fw-la thus_o with_o all_o humbleness_n take_v leave_n i_o shall_v continue_v my_o fervent_a prayer_n to_o the_o almighty_a to_o preserve_v your_o highness_n in_o health_n and_o happiness_n to_o his_o glory_n and_o your_o eternal_a felicity_n london_n the_o 20._o of_o november_n 1623._o your_o highness_n most_o obedient_a servant_n gerard_n malynes_n the_o centre_n of_o the_o circle_n of_o commerce_n or_o a_o refutation_n of_o a_o treatise_n entitle_v the_o circle_n of_o commerce_n late_o publish_v by_o e._n m._n the_o proem_n strong_a imagination_n nourish_v by_o opinion_n may_v cause_v most_o man_n to_o suppose_v that_o edward_n misselden_n sâ—allenger_n sallust_n of_o sâ—allenger_n in_o who_o the_o babylon_n of_o learning_n
the_o centre_n of_o the_o circle_n of_o commerce_n be_v ground_v consider_v we_o now_o this_o centre_n gain_n in_o every_o particular_a upon_o the_o premise_n draw_v from_o the_o circumference_n all_o direct_a line_n into_o it_o and_o exclude_v all_o obloquy_n curuey_a and_o helicall_a line_n and_o we_o shall_v find_v that_o nothing_o do_v force_v trade_n but_o gain_n gaine_n have_v upon_o money_n by_o underualuation_n in_o exchange_n and_o inhaunce_v of_o foreign_a coin_n beyond_o the_o sea_n cause_v our_o money_n to_o be_v export_v gaine_n have_v upon_o money_n by_o exchange_n and_o true_a valuation_n cause_v money_n to_o be_v bring_v in_o gain_v upon_o money_n be_v take_v away_o and_o answer_v by_o true_a exchange_n keep_v money_n within_o the_o realm_n gaine_n give_v upon_o money_n import_v here_o equal_a to_o the_o gain_n make_v beyond_o the_o sea_n will_v prevent_v the_o diversion_n of_o the_o royal_n of_o 8._o gain_v more_o make_v by_o our_o money_n then_o by_o our_o commodity_n export_v cause_v less_o employment_n to_o be_v make_v upon_o our_o commodity_n and_o great_a exportation_n gaine_n make_v by_o a_o low_a exchange_n undervalue_v our_o money_n cause_v they_o to_o be_v sell_v less_o beyond_o the_o sea_n and_o foreign_a ware_n dear_a to_o overballance_v us._n gaine_n make_v upon_o our_o native_a commodity_n be_v real_o import_v by_o money_n and_o bullion_n when_o there_o be_v no_o loss_n by_o the_o importation_n of_o money_n gaine_n have_v upon_o foreign_a coin_n within_o the_o realm_n be_v prevent_v by_o the_o value_n in_o exchange_n keep_v the_o coin_n within_o the_o realm_n and_o mint_n gain_v upon_o money_n be_v great_a beyond_o the_o sea_n then_o with_o we_o in_o england_n draw_v money_n thither_o and_o hinder_v money_n to_o be_v import_v the_o want_n whereof_o make_v a_o dead_a trade_n gaine_n have_v by_o exchange_n upon_o young_a merchant_n of_o small_a mean_n spoil_v the_o vent_n of_o our_o commodity_n by_o overthrow_v the_o market_n of_o other_o gaine_n give_v by_o exchange_n of_o money_n by_o bill_n according_a to_o the_o true_a value_n or_o above_o the_o same_o cause_v foreign_a commodity_n to_o be_v sell_v better_o cheap_a within_o the_o realm_n and_o give_v a_o direction_n tacite_fw-la to_o sell_v our_o native_a commodity_n with_o more_o gain_n and_o reputation_n gaine_n procure_v by_o our_o commodity_n outward_o more_o than_o by_o foreign_a commodity_n inward_o which_o mean_v to_o import_v bullion_n and_o money_n to_o be_v do_v by_o this_o true_a valuation_n in_o exchange_n as_o aforesaid_a will_v prevent_v the_o overballance_a of_o trade_n and_o bring_v all_o thing_n in_o tune_n when_o the_o centre_n gain_n find_v rest_n in_o proprio_fw-la loco_fw-la the_o consideration_n hereof_o exclude_v all_o unjust_a unlawful_a and_o private_a gain_n make_v to_o the_o prejudice_n of_o the_o realm_n by_o the_o oversight_n of_o merchant_n which_o seem_v to_o steer_v the_o helm_n when_o palynicrus_fw-la be_v sleepy_a this_o be_v that_o geometrical_a axiom_n or_o maxim_n circulus_fw-la tangit_fw-la planum_fw-la unico_fw-la puncto_fw-la heretofore_o observe_v this_o be_v proper_o the_o scope_n of_o merchant_n 104._o p._n 104._o all_o the_o mystery_n of_o personal_a and_o provincial_a exchange_n be_v comprise_v in_o this_o mystery_n which_o misselden_n will_v make_v to_o be_v no_o mystery_n and_o to_o use_v his_o own_o word_n nevertheless_o all_o the_o knowledge_n of_o commerce_n be_v present_v and_o represent_v in_o this_o history_n all_o the_o river_n of_o trade_n spring_n out_o of_o this_o source_n 142._o p._n 142._o and_o empt_v themselves_o again_o into_o this_o ocean_n all_o the_o weight_n of_o trade_n fall_v to_o this_o centre_n and_o come_v within_o the_o circuit_n of_o this_o circle_n this_o be_v that_o par_fw-fr pro_fw-la pari_fw-la that_o weigh_v down_o misseldens_n balance_n of_o trade_n which_o be_v without_o a_o parallel_n which_o to_o prove_v let_v we_o now_o examine_v what_o be_v present_v and_o represent_v by_o his_o uncertain_a balance_n a_o merchant_n say_v he_o when_o he_o will_v inform_v himself_o how_o his_o estate_n stand_v 130._o p._n 130._o be_v say_v to_o take_v a_o balance_n of_o his_o estate_n wherein_o he_o collect_v and_o consider_v all_o his_o ware_n and_o money_n and_o debt_n as_o if_o he_o will_v cast_v every-thing_n into_o the_o scale_n to_o be_v try_v etc._n etc._n if_o this_o merchant_n shall_v not_o look_v to_o the_o centre_n gain_n in_o the_o mean_a time_n what_o will_v the_o take_n of_o a_o balance_n avail_v he_o or_o to_o what_o end_n and_o purpose_n will_v this_o tend_v sure_o only_a for_o a_o trial_n to_o find_v out_o whether_o he_o have_v gain_v or_o lose_v this_o be_v all_o a_o balance_n can_v do_v and_o although_o a_o merchant_n can_v in_o some_o sort_n do_v this_o it_o follow_v not_o that_o the_o royal_a merchant_n or_o a_o prince_n can_v do_v it_o albeit_o he_o be_v the_o father_n of_o the_o great_a family_n of_o the_o commonwealth_n for_o the_o cause_n of_o trade_n be_v not_o in_o his_o own_o power_n but_o merchant_n do_v manage_v the_o same_o who_o as_o have_v be_v show_v may_v procure_v their_o private_a gain_n and_o yet_o impoverish_v the_o kingdom_n so_o that_o the_o cast_v up_o of_o this_o balance_n 116._o p._n 116._o can_v never_o be_v a_o excellent_a and_o policique_fw-la invention_n to_o show_v we_o the_o difference_n of_o weight_n in_o the_o commerce_n of_o one_o kingdom_n with_o another_o unless_o the_o three_o essential_a part_n of_o trade_n be_v wise_o direct_v and_o observe_v by_o the_o prince_n according_a to_o the_o say_a centre_n of_o commerce_n and_o not_o by_o this_o conceit_a balance_n misselden_n have_v find_v a_o ancient_a worm-eaten_a balance_n upon_o record_n which_o be_v say_v to_o be_v make_v in_o the_o 28_o year_n of_o edward_n the_o three_o might_n very_o well_o have_v over_o past_o the_o same_o see_v the_o imperfection_n thereof_o 30._o p._n 30._o and_o that_o he_o find_v it_o in_o that_o maniscript_n that_o he_o so_o little_a esteem_v from_o which_o as_o he_o say_v i_o have_v store_v myself_o for_o therein_o diverse_a commodity_n of_o the_o kingdom_n as_o lead_v tin_n butter_n cheese_n tallow_n hides_n skin_n iron_n and_o other_o staple_n wares_n be_v not_o mention_v and_o yet_o concern_v the_o say_a balance_n so_o that_o his_o comparison_n between_o those_o ancient_a 123._o p._n 123._o with_o these_o modern_a time_n be_v but_o vain_a and_o a_o superfluous_a tale_n but_o he_o delight_v iâ—_n word_n for_o want_n of_o matter_n or_o substance_n then_o he_o come_v to_o a_o positive_a constitution_n of_o the_o form_n of_o a_o balance_n in_o the_o year_n of_o our_o lord_n 1612_o and_o 1621._o and_o here_o lie_v the_o pot_n of_o rose_n to_o know_v whether_o the_o native_a commodity_n export_v and_o the_o foreign_a commodity_n import_v do_v balance_n or_o overballance_v one_o another_o in_o the_o scale_n of_o commerce_n 121._o p._n 121._o and_o if_o the_o native_a commodity_n export_v do_v weigh_v down_o and_o exceed_v in_o value_n the_o foreign_a commodity_n import_v 127._o p._n 127._o that_o overplus_n must_v either_o come_v in_o as_o he_o say_v in_o money_n or_o merchandise_n 117._o p._n 117._o if_o not_o in_o money_n then_o in_o merchandise_n sure_o he_o do_v not_o consider_v this_o without_o a_o nightcap_n for_o it_o deserve_v to_o be_v write_v in_o capital_a letter_n money_n will_v not_o be_v import_v so_o long_o as_o there_o be_v a_o loss_n by_o the_o bring_n in_o of_o they_o and_o if_o commodity_n be_v bring_v in_o it_o increase_v the_o say_v overballance_v as_o a_o deceptio_fw-la visus_fw-la upon_o your_o scale_n of_o commerce_n whereby_o you_o can_v discern_v the_o truth_n but_o you_o must_v of_o force_n find_v your_o balance_n false_a visus_fw-la the_o balance_n a_o deceptio_fw-la visus_fw-la and_o your_o judgement_n uncertain_a and_o herein_o be_v no_o more_o hope_n of_o a_o remedy_n than_o there_o be_v to_o overtake_v a_o man_n which_o run_v to_o the_o east_n and_o you_o pursue_v he_o towards_o the_o west_n run_v from_o he_o but_o let_v we_o come_v somewhat_o close_o to_o the_o consideration_n of_o this_o balance_n and_o suppose_v that_o by_o increase_v our_o manufacture_n by_o four_o or_o five_o hundred_o thousand_o pound_n yearly_a more_o to_o be_v export_v this_o balance_n will_v be_v reform_v be_v not_o this_o like_a and_o feasible_a to_o be_v do_v i_o answer_v that_o although_o it_o be_v feasible_a to_o make_v and_o vent_v such_o a_o quantity_n of_o manufacture_n yearly_a yet_o be_v it_o not_o like_a to_o moderate_v the_o overballance_a for_o all_o man_n of_o judgement_n will_v say_v that_o the_o proceed_v or_o return_v of_o the_o say_a manufacture_n will_v come_v unto_o we_o in_o foreign_a commodity_n because_o money_n and_o bullion_n can_v be_v bring_v in_o but_o to_o loss_n as_o the_o case_n stand_v so_o that_o still_o
conclusion_n in_o the_o government_n of_o state-affair_n wherein_o he_o be_v a_o mere_a novice_n but_o my_o intention_n be_v to_o be_v brief_a and_o substantial_a to_o end_v therefore_o this_o matter_n of_o balance_n it_o may_v be_v think_v strange_a that_o some_o man_n will_v be_v seduce_v thereby_o 52._o discourse_v of_o the_o east_n india_n trade_n by_o t._n m._n p._n 49._o 52._o and_o give_v bridle_n to_o the_o present_a course_n of_o trade_n expect_v a_o overballance_n to_o happen_v on_o our_o side_n without_o remove_v of_o the_o cause_n after_o they_o have_v speak_v well_o concern_v exchange_n although_o they_o confess_v to_o be_v a_o ground_n as_o a_o matter_n much_o too_o high_a for_o their_o handle_n say_v that_o the_o abuse_n thereof_o be_v very_o prejudicial_a unto_o this_o kingdom_n in_o particular_a whilst_o in_o the_o interim_n the_o benefit_n do_v arise_v unto_o other_o country_n who_o diligent_o observe_v the_o price_n whereby_o the_o money_n be_v exchange_v may_v take_v advantage_n to_o carry_v away_o the_o gold_n and_o silver_n of_o this_o realm_n at_o those_o time_n when_o the_o rate_n of_o our_o starlin_n money_n in_o exchange_n be_v under_o the_o value_n of_o that_o standard_n unto_o which_o place_n they_o be_v convey_v for_o in_o respect_n the_o price_n of_o the_o exchange_n do_v rise_v and_o fall_v according_a to_o the_o plenty_n and_o scarcity_n of_o money_n which_o be_v to_o be_v take_v up_o or_o deliver_v out_o the_o exchange_n be_v hereby_o rather_o become_v a_o trade_n for_o some_o great_a moneyed_a man_n than_o a_o furtherance_n and_o accommodation_n of_o recall_v trade_n of_o merchant_n as_o it_o ought_v to_o be_v in_o the_o true_a use_n thereof_o and_o thus_o many_o time_n money_n may_v be_v make_v over_o hither_o by_o stranger_n to_o a_o good_a gain_n and_o present_o carry_v beyond_o the_o sea_n to_o a_o second_o profit_n and_o yet_o the_o mischief_n end_v not_o here_o for_o by_o these_o mean_v the_o taker_n up_o of_o money_n in_o foreign_a country_n must_v necessary_o drive_v a_o trade_n to_o those_o place_n from_o whence_o they_o draw_v their_o money_n and_o so_o do_v fill_v we_o up_o with_o foreign_a commodity_n without_o the_o vent_n of_o our_o own_o ware_n etc._n etc._n and_o thus_o we_o see_v how_o the_o overballance_n of_o commodity_n be_v proceed_v from_o the_o abuse_n of_o exchange_n which_o over-rule_v money_n and_o money_n over-rule_v commodity_n as_o heretofore_o be_v manifest_o declare_v that_o the_o underualuation_n of_o our_o money_n in_o exchange_n be_v the_o efficient_a cause_n of_o the_o overballance_a of_o trade_n overballance_a vnderualuation_n of_o our_o money_n inexchange_n be_v the_o efficient_a cause_n of_o the_o overballance_a do_v appear_v upon_o the_o consideration_n of_o the_o cause_n depend_v one_o upon_o another_o enforce_v by_o this_o primum-mobill_a as_o follow_v 1._o the_o underualuation_n of_o our_o money_n in_o exchange_n 2._o proceed_v of_o the_o inhaunce_n of_o money_n beyond_o the_o sea_n which_o cause_v 3._o by_o gain_n the_o transportation_n of_o our_o money_n 4._o and_o debar_v by_o loss_n to_o be_v sustain_v the_o importation_n of_o money_n and_o bullion_n 5._o hinder_v also_o the_o bring_n of_o royal_n of_o 8._o unto_o we_o be_v otherwise_o diver_v 6._o the_o foreign_a commodity_n be_v rise_v in_o price_n according_a to_o the_o money_n enhance_v 7._o the_o native_a commodity_n be_v in_o price_n undervalue_v according_a to_o the_o undervaluation_n of_o our_o money_n all_o which_o be_v fearful_a effect_n for_o the_o treasure_n be_v exhaunce_v the_o realm_n impoverish_v and_o money_n be_v make_v a_o merchandise_n and_o this_o can_v be_v cure_v but_o by_o the_o contrary_a as_o shall_v be_v declare_v in_o the_o remedy_n hitherto_o we_o have_v observe_v and_o manifest_o prove_v first_o that_o exchange_n be_v the_o public_a measure_n between_o england_n and_o all_o place_n where_o we_o deal_v by_o exchange_n second_o that_o the_o money_n of_o the_o realm_n be_v undervalue_v in_o exchange_n between_o we_o and_o other_o country_n and_o three_o that_o gain_n be_v the_o centre_n of_o the_o circle_n of_o commerce_n and_o that_o the_o say_a underualuation_n be_v the_o efficient_a cause_n of_o the_o overballance_a of_o trade_n and_o withal_o we_o have_v show_v that_o 〈◊〉_d conceit_a balance_n of_o trade_n propose_v by_o misselden_n can_v be_v but_o a_o trial_n and_o discovery_n of_o the_o overballance_a of_o trade_n without_o that_o it_o can_v produce_v any_o other_o benefit_n to_o the_o commonwealth_n by_o his_o last_o balance_n we_o may_v perceive_v that_o all_o the_o commodity_n export_v and_o the_o commodity_n import_v yearly_a do_v amount_v unto_o five_o million_o or_o fifty_o hundred_o thousand_o pound_n according_a to_o our_o observation_n in_o the_o canker_n of_o england_n commonwealth_n now_o if_o the_o loss_n by_o exchange_n be_v but_o ten_o upon_o the_o hundred_o which_o we_o have_v prove_v above_o threescore_o and_o ten_o it_o will_v amount_v to_o five_o hundred_o thousand_o pound_n yearly_a 37._o p._n 37._o the_o loss_n whereof_o be_v great_a to_o the_o kingdom_n than_o all_o the_o money_n employ_v to_o the_o east_n indies_n come_v unto_o loss_n a_o incredible_a loss_n which_o misselden_n affirm_v to_o be_v a_o abominable_a untrueth_n which_o i_o can_v but_o retort_v upon_o he_o because_o he_o be_v unfortunate_a to_o find_v out_o the_o truth_n as_o shall_v be_v make_v more_o plain_a in_o the_o follow_a chapter_n for_o he_o be_v in_o league_n with_o equivocation_n in_o all_o his_o refutation_n which_o challenge_v to_o be_v cusen_n german_n to_o truth_n make_v his_o speech_n a_o centaur_n half_o a_o man_n half_o a_o horse_n or_o like_o one_o of_o the_o brood_n of_o nilus_n half_a earth_n half_a frog_n a_o thing_n both_o shapeless_a and_o shape_v in_o one_o mixture_n which_o it_o thus_o distinguish_v by_o the_o equinoctial_a in_o this_o place_n chap._n four_o a_o examination_n of_o the_o centre_n of_o commerce_n in_o the_o trade_n from_o england_n into_o other_o country_n the_o tropic_n of_o capricorn_n be_v the_o four_o zone_n or_o girdle_n by_o our_o distribution_n be_v to_o underprop_v and_o sustain_v by_o the_o gain_n of_o trade_n the_o say_a centre_n or_o gain_n within_o the_o circumference_n of_o the_o circle_n of_o commerce_n not_o by_o a_o absolute_a power_n to_o be_v leave_v unto_o merchant_n in_o the_o manage_n of_o trade_n or_o in_o the_o dispose_n of_o money_n commodity_n and_o exchange_n for_o money_n but_o by_o a_o direction_n ground_v upon_o law_n ordinance_n and_o proclamation_n for_o in_o regard_n of_o state_n affair_n merchant_n be_v ignorant_a in_o the_o course_n of_o traffic_n for_o asmuch_o as_o they_o do_v only_o study_v for_o private_a benefit_n so_o that_o they_o must_v have_v leader_n and_o conductor_n whereunto_o buck_n and_o goat_n have_v be_v compare_v in_o time_n past_a lead_v the_o silly_a sheep_n to_o feed_v in_o mountainous_a place_n to_o prove_v therefore_o that_o this_o be_v no_o new_a doctrine_n or_o invention_n of_o i_o as_o misselden_n allege_v let_v we_o enter_v into_o consideration_n of_o the_o follow_a observation_n before_o our_o intend_a examination_n of_o the_o centre_n of_o commerce_n in_o foreign_a tradeâ—_n it_o be_v near_o 350._o year_n since_o king_n edward_n the_o first_o do_v erect_v the_o office_n of_o the_o king_n royal_a exchanger_n exchange_n ancient_a office_n of_o exchange_n which_o do_v continue_v successive_o by_o 16_o several_a letter_n patent_n of_o the_o king_n of_o this_o realm_n by_o mean_n whereof_o the_o money_n be_v preserve_v within_o the_o same_o and_o the_o commodity_n be_v orderly_o vent_v &_o the_o merchandise_v exchange_n be_v then_o unknown_a king_n edward_n the_o three_o do_v constitute_v diverse_a exchange_n 7._o 9_o e._n 3._o 7._o in_o sundry_a place_n of_o the_o realm_n and_o cause_v table_n of_o exchange_n to_o be_v set_v up_o at_o donor_n and_o elsewhere_o to_o answer_v the_o value_n of_o our_o money_n in_o the_o coin_n to_o be_v pay_v for_o it_o beyond_o the_o sea_n according_a to_o the_o very_a value_n with_o some_o allowance_n to_o be_v give_v to_o accommodate_v merchant_n affair_n and_o traveller_n occasion_n the_o like_a be_v do_v by_o richard_n the_o second_o 2._o 5._o r._n 2._o 2._o and_o this_o be_v the_o true_a par_fw-fr pro_fw-la pari_fw-la 6._o 2._o h._n 6._o 6._o then_o use_v and_o continue_v by_o henry_n the_o sixth_o and_o edward_n the_o four_o 16._o 4._o e._n 4._o 16._o but_o more_o especial_o by_o that_o wise_a and_o politic_a prince_n 6._o 2._o h._n 6._o 6._o king_n henry_n the_o seven_o 6._o 3._o h._n 7._o 6._o absolute_o forbid_v the_o make_n of_o exchange_n and_o rechange_n for_o foreign_a part_n without_o the_o king_n especial_a licence_n have_v and_o obtain_v for_o the_o same_o to_o which_o end_n all_o the_o several_a act_n of_o parliament_n touch_v the_o direct_n and_o order_v of_o
a_o venenum_fw-la mutuatur_fw-la here_o misselden_n do_v mount_v his_o great_a ordinance_n against_o the_o merchant_n of_o the_o staple_n and_o myself_o for_o he_o stare_v as_o wild_o upon_o we_o 3._o p._n 62._o metamor_n 3._o as_o again_o do_v upon_o her_o son_n pentheus_n when_o she_o take_v he_o from_o a_o boar_n ille_fw-la mihi_fw-la seriendus_fw-la aper_n etc._n etc._n accuse_v we_o both_o to_o be_v profess_v adversary_n to_o the_o merchant_n adventurer_n for_o say_v that_o the_o stapler_n have_v observe_v that_o the_o merchant_n adventurer_n have_v a_o inevitable_a opportunity_n of_o combination_n to_o set_v what_o price_n they_o please_v upon_o cloth_n to_o the_o clothier_n of_o wool_n to_o the_o grower_n and_o of_o all_o commodity_n export_v and_o import_v and_o to_o make_v this_o to_o be_v but_o a_o suggestion_n he_o care_v not_o to_o accuse_v the_o say_a company_n of_o a_o extraordinary_a discord_n whereby_o they_o do_v more_o bid_v and_o out_o bid_v one_o another_o at_o 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advantage_n exchange_n commodity_n money_n and_o exchange_n whereby_o they_o shall_v not_o be_v subject_a to_o my_o pen_n neither_o to_o his_o defence_n that_o presume_v so_o much_o to_o have_v deserve_v at_o their_o hand_n by_o extol_v their_o wisdom_n and_o providence_n which_o can_v be_v complete_a unless_o the_o commodity_n of_o the_o realm_n be_v advance_v by_o they_o in_o price_n and_o sale_n for_o the_o general_a good_a of_o the_o kingdom_n which_o he_o call_v the_o dowry_n and_o the_o axis_n of_o the_o commonwealth_n 64._o p._n 64._o whereon_o all_o the_o other_o trade_n of_o the_o realm_n do_v seem_v to_o turn_v and_o have_v their_o revolution_n so_o that_o the_o centre_n must_v be_v find_v in_o the_o middle_n of_o this_o axis_n again_o the_o stranger_n will_v not_o be_v desirous_a to_o deal_v in_o cloth_n if_o there_o be_v no_o centre_n nor_o the_o inhabitant_n of_o other_o port_n last_o the_o interloper_n will_v be_v quiet_a if_o there_o be_v no_o gain_n to_o be_v make_v and_o the_o noise_n of_o their_o song_n will_v not_o be_v hear_v all_o in_o one_o tune_n but_o these_o latter_a will_v be_v prevent_v and_o cut_v off_o now_o that_o misselden_n be_v employ_v beyond_o the_o sea_n by_o the_o merchant_n aduenturor_n who_o have_v the_o art_n of_o discovery_n to_o give_v information_n will_v spy_v they_o out_o i_o can_v but_o lament_v their_o case_n for_o when_o sixtus_n quintus_fw-la be_v pope_n he_o make_v such_o a_o extraordinary_a search_n in_o rome_n for_o to_o discover_v inveterate_v offence_n that_o the_o image_n of_o saint_n peter_n stand_v on_o the_o one_o side_n of_o the_o portal_n of_o his_o cathedral_n church_n do_v expostulate_v with_o saint_n paul_n stand_v on_o the_o other_o side_n concern_v these_o strict_a proceed_n and_o be_v resolve_v to_o depart_v have_v not_o paul_n dissuade_v he_o not_o withstand_v that_o he_o have_v good_a cause_n for_o have_v cut_v off_o malchus_n his_o ear_n 74._o p._n 74._o for_o the_o like_a fear_n may_v befall_v the_o say_a interlooper_n by_o misseldens_n examination_n of_o all_o their_o ancient_a and_o modern_a offence_n to_o conclude_v this_o point_n of_o the_o cloth_n trade_n which_o will_v be_v in_o danger_n to_o be_v whole_o overthrow_v i_o say_v that_o even_o as_o there_o be_v a_o man_n that_o bring_v his_o mare_n to_o drink_v think_v that_o he_o see_v the_o moon_n drink_v up_o by_o his_o mare_n which_o indeed_o be_v only_o hide_v and_o obscure_v in_o a_o cloud_n the_o next_o day_n consult_v with_o his_o neighbour_n of_o gotham_n after_o much_o lay_n of_o their_o cod_n head_n together_o it_o be_v conclude_v that_o they_o shall_v rip_v the_o mare_n and_o let_v out_o the_o moon_n and_o ever_o since_o these_o goat_n of_o this_o tropic_n of_o capricorn_n have_v think_v all_o the_o world_n behold_v to_o they_o for_o the_o recovery_n of_o the_o moon_n even_o so_o be_v the_o merchant_n aduenturor_n nay_o all_o the_o kingdom_n behold_v unto_o misselden_n for_o the_o preservation_n of_o the_o cloth_n trade_n by_o this_o time_n he_o be_v come_v to_o monopoly_n 66._o p._n 66._o and_o here_o he_o do_v say_v that_o there_o be_v not_o any_o worse_a monopoly_n in_o the_o kingdom_n than_o i_o will_v make_v of_o the_o exchange_n and_o mounseur_fw-fr bodins_n allegation_n touch_v the_o french_a proverb_n i_o will_v intend_v le_fw-fr par_fw-fr be_v no_o good_a phrase_n in_o french_a here_o he_o will_v correct_v magnificat_fw-la et_fw-la nescit_fw-la quid_fw-la significat_fw-la the_o reformation_n of_o the_o abuse_n of_o exchange_n be_v to_o be_v do_v by_o all_o man_n and_o therefore_o can_v be_v term_v a_o monopoly_n and_o for_o the_o consideration_n requisite_a in_o monopoly_n i_o refer_v myself_o to_o the_o chapter_n of_o association_n in_o lex_fw-la mercatoria_fw-la now_o for_o his_o find_a fault_n with_o a_o sillogisme_n make_v before_o he_o be_v bear_v 91._o p._n 91._o draw_v from_o negatives_n if_o i_o be_v but_o a_o smatterer_n in_o any_o science_n and_o have_v know_v the_o 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and_o passive_a because_o he_o will_v not_o understand_v the_o application_n of_o it_o for_o he_o repli_v and_o confess_v that_o the_o cloth_n do_v not_o measure_v the_o yard_n but_o the_o yard_n the_o cloth_n but_o he_o add_v the_o great_a the_o measure_n be_v the_o few_o yard_n the_o cloth_n contain_v and_o the_o less_o the_o measure_n the_o more_o yard_n may_v it_o not_o be_v say_v that_o the_o yard_n be_v active_a and_o the_o cloth_n passive_a 40_o p._n 40_o without_o pacius_n explication_n as_o the_o bough_n proceed_v from_o aristotle_n the_o â—oote_n let_v he_o remember_v that_o our_o famous_a recorder_n of_o london_n make_v this_o distinction_n very_o perspicuous_a when_o dunscomb_n have_v strike_v cox_n do_v not_o he_o give_v sentence_v that_o comb_n shall_v be_v take_v from_o duns_n who_o be_v active_a and_o be_v give_v to_o cox_n to_o make_v he_o a_o coxcomb_n because_o he_o be_v passive_a if_o he_o will_v not_o believe_v this_o staffords_z law_n may_v make_v he_o feel_v it_o 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be_v somewhat_o gall_v and_o that_o make_v he_o turn_v and_o wriggle_v up_o and_o down_o that_o he_o can_v contain_v himself_o within_o his_o circle_n but_o break_v out_o into_o sundry_a contrariety_n and_o contradiction_n quarrel_v on_o the_o behalf_n of_o the_o merchant_n adventurer_n at_o the_o multitude_n of_o their_o aforesaid_a adversary_n who_o he_o can_v name_v without_o envy_n nor_o let_v they_o pass_v his_o pen_n before_o he_o have_v cast_v his_o as-pis_n and_o other_o his_o viperous_a venom_n upon_o they_o as_o aforesaid_a and_o in_o his_o oration_n to_o his_o master_n the_o merchant_n adventurer_n he_o magnify_v they_o and_o bray_v out_o o_o you_o merchant_n adventurer_n that_o have_v worthy_o obtaineâ—_n honour_n of_o his_o majesty_n 63._o p._n 63._o favour_n of_o the_o nobility_n fame_n in_o the_o world_n love_n of_o stranger_n good_a report_n of_o all_o this_o proceed_v from_o some_o distemper_n and_o be_v worse_a than_o the_o wild_a goose_n race_n he_o tax_v i_o withal_o 68_o p._n 68_o where_o by_o the_o way_n i_o observe_v that_o this_o omnibus_fw-la visus_fw-la that_o have_v such_o skill_n in_o cant_v 52._o p._n 52._o quacksalue_a 91._o p._n 91._o and_o what_o not_o have_v here_o in_o this_o phrase_n of_o hunt_v mistake_v his_o term_n as_o he_o often_o do_v his_o matter_n for_o if_o he_o read_v m_o r._n markham_n his_o book_n of_o huntsmanship_n and_o other_o writer_n of_o that_o subject_n he_o may_v find_v discourse_n of_o a_o wild_a goose_n chase_n but_o the_o wild_a goose_n race_n be_v his_o own_o wherefore_o i_o will_v leave_v he_o and_o follow_v the_o chase_n as_o he_o pursue_v the_o forename_a suppose_a adversary_n of_o which_o i_o will_v have_v speak_v in_o order_n as_o he_o have_v name_v they_o but_o that_o according_a to_o the_o manner_n of_o wild_a goose_n chase_n he_o have_v get_v the_o lead_n i_o must_v follow_v and_o that_o within_o distance_n and_o first_o he_o lead_v i_o into_o a_o defence_n of_o that_o that_o i_o say_v the_o 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plain_o appear_v that_o they_o have_v no_o privilege_n at_o all_o in_o this_o behalf_n but_o only_a power_n to_o assemble_v themselves_o to_o choose_v a_o governor_a to_o rectify_v their_o own_o abuse_n and_o by_o way_n of_o justice_n to_o punish_v one_o another_o for_o their_o misdemeanour_n and_o to_o that_o purpose_n that_o foresay_a grant_n be_v make_v unto_o they_o patent_n power_n of_o the_o merchant_n adventurer_n letter_n patent_n wherein_o one_o william_n oueray_fw-fr was_z assign_v to_o be_v their_o governor_n as_o by_o the_o say_a letter_n patent_n at_o large_a appear_v and_o of_o this_o power_n and_o privilege_n all_o merchant_n and_o mariner_n of_o england_n ireland_n and_o wales_n be_v to_o be_v equal_o partaker_n without_o exception_n limitation_n or_o difference_n of_o person_n country_n or_o commodity_n and_o whatsoever_o freedom_n of_o trade_n into_o the_o part_n therein_o express_v his_o majesty_n subject_n be_v now_o bar_v of_o be_v mere_o usurp_v and_o if_o you_o ask_v i_o what_o mean_v he_o then_o to_o mention_v such_o large_a grant_n of_o henry_n the_o 4._o and_o other_o succeed_a king_n with_o new_a title_n and_o privilege_n grant_v unto_o they_o and_o that_o with_o prohibition_n of_o all_o other_o as_o he_o relate_v i_o answer_v this_o man_n either_o have_v not_o see_v or_o not_o understand_v the_o main_a of_o this_o matter_n but_o have_v deal_v in_o it_o either_o ignorant_o or_o conceal_o for_o the_o make_v plain_a whereof_o let_v we_o observe_v that_o in_o that_o time_n of_o hen._n the_o 4._o which_o he_o mention_v to_o be_v the_o beginning_n of_o the_o merchant_n adventurer_n there_o be_v then_o staple_n the_o antiquity_n of_o the_o merchant_n of_o the_o staple_n and_o long_o before_o that_o time_n settle_v both_o in_o england_n and_o beyond_o the_o sea_n another_o famous_a society_n of_o english_a merchant_n call_v the_o merchant_n of_o the_o staple_n as_o by_o sundry_a ancient_a record_n hereafter_o specify_v appear_v these_o be_v the_o merchant_n then_o entrust_v with_o the_o trade_n of_o export_v the_o staple_n commodity_n of_o the_o kingdom_n whereof_o wool_n and_o cloth_n be_v the_o chief_a which_o they_o export_v in_o such_o abundance_n that_o they_o be_v trust_v by_o the_o state_n to_o collect_v the_o king_n custom_n among_o themselves_o they_o have_v pay_v out_o of_o the_o staple_n into_o the_o exchequer_n 68_o thousand_o pound_n starling_n per_fw-la annum_fw-la as_o appear_v by_o record_n of_o 36_o of_o hen._n 6._o at_o which_o time_n a_o ounce_n of_o silver_n be_v value_v but_o at_o 30_o d._n which_o be_v now_o 5_o s_o be_v just_o double_a the_o say_a sum_n in_o value_n or_o 136_o thousand_o pound_n these_o be_v the_o merchant_n that_o before_o cloth_n be_v make_v in_o england_n export_v the_o material_n of_o this_o land_n as_o wool_n lead_v tin_n etc._n etc._n and_o return_v for_o the_o same_o gold_n or_o silver_n either_o coin_n or_o bullion_n and_o to_o that_o purpose_n they_o make_v worthy_a law_n 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spain_n we_o have_v the_o west_n india_n commodity_n spain_n the_o trade_n for_o spain_n as_o cutchenelle_n ginger_n hide_v and_o other_o commodity_n with_o the_o wine_n raisin_n oil_n and_o all_o other_o commodity_n of_o their_o growth_n for_o return_v of_o we_o especial_o abundance_n of_o royal_n of_o plate_n now_o much_o hinder_v by_o the_o employment_n of_o tobacco_n let_v we_o now_o examine_v the_o price_n of_o spice_n in_o those_o day_n within_o the_o realm_n and_o we_o shall_v find_v that_o pepper_n be_v sell_v for_o 2_o s_o the_o pound_n clove_n 6_o s_o mace_n 7_o s_o nutmeg_n 3_o s_o and_o indigo_n 6_o s_o which_o small_a differenc_n in_o price_n for_o so_o much_o as_o be_v yearly_a spend_v in_o england_n 44._o p._n 44._o may_v be_v declare_v by_o the_o proportion_n set_v down_o by_o the_o say_a author_n which_o be_v calculate_v at_o 4_o d._n upon_o a_o pound_n of_o pepper_n and_o 12_o do_v upon_o clove_n mace_n and_o indigo_n and_o 6_o d_o upon_o nutmeg_n amount_v but_o to_o 21166_o l._n 13_o s_o 4_o d._n this_o true_a account_n will_v be_v prove_v by_o ancient_a merchant_n book_n and_o the_o weekly_a price_n currant_n of_o the_o broker_n bill_n before_o the_o open_a war_n with_o spain_n but_o the_o say_a author_n do_v set_v down_o the_o price_n as_o they_o be_v in_o the_o time_n of_o war_n when_o merchant_n charge_n 45._o p._n 45._o adventure_n and_o all_o thing_n be_v increase_v and_o herein_o he_o make_v his_o comparison_n with_o turkey_n and_o according_a to_o that_o computation_n he_o affirm_v that_o the_o trade_n in_o spice_n and_o indigo_n only_o save_v the_o kingdom_n yearly_a 74966_o l._n 13_o s._n 4_o do_v and_o that_o less_o than_o one_o quarter_n of_o this_o sum_n shall_v buy_v in_o the_o indies_n the_o proportion_n of_o the_o yearly_a consumption_n thereof_o be_v 400_o thousand_o of_o pepper_n 40_o thousand_o of_o clove_n 20_o thousand_o of_o mace_n 160_o thousand_o of_o nutmeg_n and_o 150_o thousand_o of_o indigo_n which_o calculate_v by_o 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8._o now_o deduct_v of_o the_o abovesaid_a 953543_o l_o the_o gain_n of_o the_o silk_n be_v 200_o thousand_o pound_n there_o remain_v 753543_o l_o whereof_o the_o sixth_o part_n save_v for_o england_n come_v near_o to_o 108_o thousand_o pound_n which_o be_v as_o much_o as_o all_o the_o spice_n and_o indigo_n sell_v in_o one_o year_n in_o england_n come_v to_o as_o aforesaid_a whereby_o it_o appear_v that_o england_n save_v yearly_a that_o sum_n there_o be_v as_o it_o be_v nothing_o spend_v in_o spice_n and_o indigo_n which_o he_o may_v very_o well_o call_v to_o be_v incredible_a so_o that_o our_o four_o assertion_n be_v assertion_n 4._o assertion_n that_o there_o will_v be_v find_v a_o apparent_a great_a loss_n by_o all_o this_o negociation_n and_o detriment_n to_o the_o kingdom_n stock_n both_o for_o money_n and_o commodity_n and_o that_o there_o be_v not_o 953543_o l._n save_v in_o money_n yearly_a in_o christendom_n especial_o the_o portugal_n east_n india_n trade_n consider_v now_o 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sequel_n of_o his_o discourse_n which_o be_v now_o become_v one_o three_o part_n of_o all_o the_o spice_n and_o indigo_n to_o be_v bring_v in_o by_o the_o employment_n of_o the_o say_v 100_o thousand_o pound_n amount_v to_o 337083_o l._n 6._o 8._o now_o if_o we_o take_v the_o like_a proportion_n of_o raw_a silk_n &_o calico_n of_o 162916._o 13._o 4._o to_o make_v up_o the_o say_v 500_o thousand_o pound_n which_o be_v one_o three_o it_o will_v amount_v to_o 54305_o l._n 6._o 8._o which_o with_o the_o 108333_o lâ…“_n lâ…“_n make_v 162638_o l._n 13._o 4._o which_o be_v 42638_o l._n 13._o 4._o more_o than_o he_o have_v allot_v to_o england_n to_o be_v spend_v in_o a_o year_n which_o be_v a_o manifest_a contradiction_n the_o consideration_n hereof_o cause_v some_o merchant_n of_o that_o company_n to_o be_v as_o crafty_a as_o aesop_n fox_n who_o be_v desirous_a to_o drink_v find_v a_o well_o with_o two_o bucket_n and_o enter_v into_o one_o of_o the_o bucket_n descend_v sudden_o into_o the_o water_n but_o have_v satiate_v his_o thirst_n can_v not_o get_v out_o until_o one_o of_o the_o goat_n of_o this_o tropic_a of_o capricorn_n come_v to_o the_o say_v well_o tibi_fw-la primum_fw-la mihi_fw-la secundum_fw-la tibi_fw-la who_o he_o persuade_v by_o the_o goodness_n of_o the_o water_n and_o by_o make_v she_o believe_v that_o the_o moon_n shine_v in_o the_o water_n be_v a_o holland_n cheese_n to_o be_v divide_v between_o they_o to_o enter_v into_o the_o other_o bucket_n which_o do_v down_o come_v the_o goat_n by_o reason_n of_o her_o weight_n and_o up_o come_v the_o fox_n leave_v the_o goat_n in_o the_o well_o even_o so_o have_v some_o merchant_n do_v by_o extol_v the_o great_a gain_n of_o this_o trade_n until_o they_o have_v draw_v themselves_o out_o by_o sell_v their_o adventure_n leave_v the_o buyer_n to_o the_o hazard_n of_o the_o loss_n which_o be_v no_o doubt_n to_o they_o well_o know_v for_o to_o make_v the_o best_a construction_n hereof_o we_o may_v conclude_v that_o 400_o thousand_o pound_n lose_v by_o his_o account_n in_o the_o say_a indies_n be_v since_o come_v home_o and_o employ_v by_o the_o several_a factor_n in_o the_o say_a indies_n and_o most_o of_o it_o in_o silk_n and_o indigo_n and_o yet_o there_o be_v want_v 148_o thousand_o pound_n of_o the_o stock_n of_o 840_o thousand_o adventure_v account_v the_o former_a return_n make_v to_o proceed_v of_o the_o commodity_n &_o gain_n as_o aforesaid_a which_o be_v almost_o one_o sixth_o part_n of_o the_o stock_n adventure_v to_o the_o indies_n whereof_o this_o account_n give_v no_o satisfaction_n at_o all_o unless_o the_o 31079_o l_o lose_v in_o six_o ship_n cast_v away_o be_v parcel_n thereof_o the_o conclusion_n which_o the_o say_a author_n make_v be_v that_o the_o east_n india_n trade_n alone_o although_o it_o be_v drive_v in_o no_o ample_a manner_n than_o be_v afore_o write_v be_v a_o mean_n to_o bring_v in_o more_o treasure_n into_o this_o realm_n than_o all_o the_o other_o trade_n of_o this_o kingdom_n as_o they_o be_v now_o manage_v be_v put_v together_o for_o if_o the_o rule_n be_v true_a that_o when_o the_o value_v of_o our_o commodity_n export_v do_v overballance_v the_o worth_n of_o all_o those_o foreign_a ware_n which_o be_v import_v and_o consume_v in_o this_o kingdom_n than_o the_o remainder_n of_o our_o stock_n which_o be_v send_v forth_o must_v of_o necessity_n return_v to_o we_o in_o treasure_n we_o must_v imagine_v it_o will_v do_v so_o with_o we_o in_o time_n here_o you_o may_v see_v from_o whence_o misselden_n draw_v his_o balance_n of_o trade_n which_o he_o never_o dut_v undertake_v to_o maintain_v before_o the_o aforesaid_a his_o majesty_n commissioner_n who_o have_v often_o call_v he_o by_o warrant_n and_o otherwise_o for_o he_o be_v not_o able_a to_o maintain_v a_o other_o man_n proiect._n we_o have_v already_o show_v the_o incertainty_n of_o the_o say_a balance_n and_o in_o the_o remedy_n we_o shall_v entreat_v thereof_o further_o nevertheless_o i_o can_v omit_v obiter_fw-la to_o say_v that_o this_o rule_n may_v serve_v for_o a_o demonstration_n but_o it_o can_v never_o be_v find_v true_a until_o it_o concur_v with_o the_o centre_n gain_n for_o so_o long_o as_o treasure_n can_v be_v import_v without_o loss_n we_o shall_v still_o receive_v ware_n in_o return_n and_o augment_v the_o cause_n of_o overbalancing_a and_o which_o be_v more_o suppose_v there_o be_v a_o overbalancing_a of_o trade_n 〈◊〉_d our_o side_n whereby_o money_n shall_v be_v force_v upon_o we_o yet_o shall_v we_o find_v it_o will_v be_v to_o the_o incredible_a loss_n of_o the_o commonwealth_n by_o the_o inhaunce_n of_o the_o foreign_a coin_n beyond_o the_o sea_n and_o the_o undervaluation_n of_o our_o money_n in_o exchange_n which_o may_v be_v demonstrate_v by_o a_o trifle_n as_o well_o as_o by_o hundred_o and_o thousand_o one_o buy_v a_o pair_n of_o glove_n for_o 5_o s_o starlin_fw-mi side_n a_o example_n of_o loss_n by_o a_o over_o balance_n on_o our_o side_n and_o sell_v they_o beyond_o the_o sea_n for_o 5_o s._n 6_o d._n where_o he_o receive_v a_o rickx_n doller_n for_o 5_o s._n or_o 50_o stivers_n and_o moreover_o 5_o single_a stivers_n take_v to_o be_v worth_a 6_o d._n and_o so_o get_v 10_o pro_fw-la cento_fw-la suppose_v now_o that_o the_o overballance_n be_v on_o our_o side_n and_o this_o allege_a necessity_n show_v her_o operation_n and_o that_o he_o that_o sell_v the_o say_v glove_n bring_v over_o this_o rickx_n doller_n and_o the_o 5_o single_a stivers_n and_o go_v to_o exchange_v they_o no_o man_n will_v give_v he_o above_o 4_o s._n 6_o d._n for_o his_o doller_n and_o 4_o d_o for_o his_o 5_o stivers_n which_o be_v the_o true_a intrinsique_n value_n where_o be_v now_o his_o gain_n of_o 10_o pro_fw-la cento_fw-la when_o he_o lose_v 2_o d_o of_o his_o 5_o s_z beside_o his_o labour_n charge_n and_o custom_n but_o how_o shall_v this_o revolution_n of_o overballance_v ever_o come_v to_o pass_v when_o we_o use_v no_o mean_n thereunto_o as_o other_o nation_n do_v as_o shall_v be_v declare_v in_o the_o next_o chapter_n to_o conclude_v then_o with_o the_o east_n india_n trade_n wherein_o we_o find_v no_o centre_n let_v we_o have_v a_o care_n that_o the_o money_n proceed_v of_o spice_n and_o silk_n may_v be_v partly_o import_v into_o the_o realm_n to_o increase_v treasure_n russia_n trade_n for_o russia_n the_o trade_n for_o russia_n be_v in_o time_n pass_v very_o profitable_a for_o the_o vent_n of_o our_o colour_a clothes_n and_o return_v from_o thence_o very_o useful_a commodity_n as_o tallow_n wax_n hides_n fur_n and_o other_o ware_n which_o for_o the_o most_o part_n be_v carry_v out_o again_o for_o france_n &_o other_o place_n make_v provision_n for_o wine_n canvas_n etc._n etc._n for_o heretofore_o the_o commodity_n of_o