Selected quad for the lemma: money_n

Word A	Word B	Word C	Word D	Occurrence	Frequency Band	MI	MI Band	Prominent
money_n	penny_n	shilling_n	sterling_a	2,121	5	14.0038	5	true

Text snippets containing the quad

ID	Title	Author	Corrected Date of Publication (TCP Date of Publication)	STC	Words	Pages
A28305	An essay towards carrying on the present war against France and other publick occasions as also for paying off all debts contracted in the same, or otherwise : and new-coyning of all our moneys, without charge to the great encrease of the honour, strength and wealth of the nation : humbly propos'd, for the Parliament's consideration and submitted to their great wisdom and love to their country, etc. / by John Blackwell ...	Blackwell, John, fl. 1695.	1695 (1695)	Wing B3093; ESTC R17371	12,305	33

State has answer'd a Debt of above Two millions borrowed of their People and spent on their publick occasions And all their Creditors are so satisfied as That never will any of them ask 100 l. for the 100 the State had of him being sure of 120 l. for the same from any other hand Sect. XXIII And if any enquire What induced that people thus to Raise and Value their said Bills or Credit I answer 1. The Ease of Counting Carriage and Preventing Damage to the Receiver by Counterfeit Clipp'd and Base Coyn which is as valuable with us at this Juncture As is obvious to All. 2. Their Safety in travelling c. As visible as the other 3. The Advantage that was to be made by the Exchange on the Account of such Conveniences c. Where then is the Necessity or Vsefulness of a Fund in our Case Sect. XXIV I answer 1 Some late Proceedings for Raising Moneys have given a Rise for such an Expectation But there men parted voluntarily with their Estates whereas in this case men have these Bills for Nothing And may dispose them to the Uses of such Trading and Manufactures as may bring in Riches to themselves and the whole Nation 2 'T is Objected upon a Supposition that some Persons perhaps of those who will be concern'd to give a Sanction to the matter of these Proposals may imagine that the Bills delivered out must necessarily be call'd in at one Time or other c. whereas such consider not that the Usefulness of these Bills will make them Current for continuance and preferable to Moneys upon the forementioned Accounts as it hath proved in the Two forementioned Instances And If still any doubt That Bills may prove prejudicial in after-times and that if any future Parliament shall conceive them to be so they 'll make them voyd c. Sect. XXV That 's thus Resolv'd viz. Instead of prejudicing the Nation they will continue to Promote Improve and Carry on Our Home-Trade Manufactures and Fishery as aforesaid And thereby Answer Our Expectations as effectually as Moneys in Specie And the rather for that the Generality of the People at their First Receiving of them viz. for the Re-imbursing of their Taxes will be thereby Prepared to Esteem them By their Propriety in and Possession of them in the way and manner before proposed and become enrich'd thereby It will therefore be as far from any Parliament to pass a Law to make them voyd without first paying them off as to pass an Act for taking away all their Lands which their Justice as well as Interest will not suffer them to do For every Parliament-Man and Person in the Nation will have a considerable part of their Personal Estates lye principally in these Bills So That Fear is sufficiently removed by Interest which will not lye But May not our Coyn be so Raised in Denomination Price or Value as to bring in Gold and Silver plentifully Sect. XXVI I Answer it 's Evident even to a Demonstration That the Inhansing the Value of our Moneys whether Silver or Gold is and will be a very great impoverishing of if not utterly Destructive to the Nation For that will unavoidably raise the Price of all our Foreign Exchanges and work Confusion in our Trade And that Raises consequentially the Price of all Goods not only of Foreign but Domestick Which though it may not be any great Damage possibly to Our Retaylers thereof and such as bring to Our Markets for they will not sell to Loss yet to the Body of the Rest of the People the Buyers thereof and the Poorer Sort especially viz. Servants Day-Labourers Artificers Seamen Souldiers c. it cannot be otherwise And what a Condition then will this bring the Nation into Sect. XXVII Now that it is and will be so I shall give Two Instances within His Majesties Dominions in America which occured to my Own Observation whilst I was the Unworthy Governour of the Province of Pensylvania viz. about Seven Years since The One is in New England where the Government conceiving they had power by their Charter from the King to Coyn Moneys Coyned Shillings of about the Value of Nine Pence Sterling and Stamp'd the same Twelve Pence They also Raised the Value of Spanish Pieces of Eight of above Seventeen Penny Weight from Four Shillings Six Pence to Six Shillings which held proportion with their Shillings This They did upon this Vulgar Error and misapprehension That by this Inhansing the Price of Silver They should both keep their own Coyn and bring in and retain other Imported Moneys amongst them But This instead of Answering their Expectation Raised the Value of all Goods to at least 25 per Cent. And likewise all their Exchanges whether to or from England or other Parts proportionably Or so much more of their Moneys were carryed forth in these Species tho' they were sufficiently severe against its Exportation to their Disappointment The other Instance and more notable is in Pensylvania where tho' they Coyned no Moneys yet suffering Spanish pieces of Eight of not above 11 or 12 penny-weight and consequently not above 3 Shillings in value Sterling to pass current at 6 Shillings And tho' the Exchange did not Rise proportionably For They had Little or very Seldom occasion to Return any in Trade yet this other Consequence attended their so doing viz. That such as brought thither any Goods or Merchandizes needful for that Plantation from England c. when any came to contract with them for their Goods they treated them after this manner viz. Says the Importer The Cargo cost me 100 l. in English Ready-Money at about 5 s. per ounce Sterl whereas Your Money is not half the value So I must have 200 l. of your Money or I shall be a Loser of my First Cost And I cannot take less than 50 l. Sterling per Cent. for my Freight Risque and Profit which will be 100 l. more of your Money And accordingly Receives of the Retailer there 300 l. who generally raises the price of the same Goods to another 100 l. whereby the price of the same Goods which cost 100 l. English-money costs the people there Four hundred pounds The Importer having Receiv'd his 300 l. Buys therewith only such Commodities of the Country-Products as he needs for his Voyage and carries away the rest in specie making Money which ought to be the Standard of Traffick to be the Merchandise as they must do who take it at enhaunc'd values c. And Thus three pieces went for one and their Moneys decreas'd proportionably The Effect whereof was The Generality of the People except their Shop-keepers Artificers Handycrafts-men Carpenters Bricklayers Labourers and Servants grew poorer And particularly it had this influence upon the Landed men whether Proprietors or Farmers viz. that they are forced to give great wages to all these Sorts of poor people especially to Ploughmen Carters c. viz. From 12 l. per annum wages to 27 l.

Sum paid And so Be out Nothing And Sect. VIII That in case the Party taxed should not comply therewith if any other Person should within One Month after That Pay in the said whole years tax and should declare his willingness to Accept his Repayment thereof Quarterly from such tax'd-party's-Self or from the said Collector or Receiver when it shall grow due or be Receiver when it shall grow due or be Received He might in like manner Receive also Half the Value thereof in Like Bills of Credit for his incouragement so to do Sect. IX 3. That the like Method Rules and Advantages might be allowed in case the Parliament shall Annually Repeat and pass Acts for that purpose during the continuance of the War and for carrying on thereof And not otherwise Sect. X. 4. That in case the Sums appointed to be Assessed Taxed and Levyed c. shall not amount to the Respective Values or Sums at which they shall be declared by the Parliament to be Computed or Estimated as for Example if 4s per Pound or what ever other Proportion chargeable on Lands shall be so computed and granted to His Majesty for Two Millions which were it duely tax'd no Doubt it would Raise and upon the Taxing and Levying thereof it shall appear to amount to no more than One Million and a half c. who so ever shall voluntarily Advance and Pay any Sum or Sums of Money or Plate as aforesaid towards the making up the same might For every Hundred Pounds Sterling so payd by him Receive and have like Bills of Credit deliver'd him to the Value of 120 l. and so proportionably for any Lesser or Greater Sum that shall be so payd in and Receiv'd on that Account On which Terms no Doubt but such Sums as the Parliament shall think fit to Raise for carrying on the War from year to year may and will be Raised in Money for that Service as Long as there shall be so much Money in Trade or hoarded up in the Nation to be had Which is our present Consideration and Care And further than that is to be Over-fore-sighted in the the present Christs And If any Object This will Reflect on and Lower the Reputation of Our Nation abroad as if we were reduced to so sinking a Condition as not to have Money sufficient to carry on the War And thence that we can not hold out to the Length of the French King c. I Answer First Sect. XI Such as so think will but deceive themselves and if they be Our Enemies be necessitated to take New Measures for which they might have observed before the King will certainly be supplyed by this means with ready Moneys as much as he shall need each Year and that in the beginning thereof and by no other way whatsoever for carrying on the War For these Advantages will bring out all the hoarded best Money which any have Cull'd and Layd by against a more Clowdy Day If means be used for promoting Trade as is hereinafter proposed Otherwise 't will be in vain to conceal our Poverty All the World will see it what ever Taxes shall be Layd on the Nation cannot otherwise be payd So that if Our Dependance should be thereon they must and will fail for want of a Money-stock to pay them But Sect. XII Second It 's well known That all Nations and Persons improve their Credit some Banks of Credit as well as Moneys for carrying on their respective Trades and Occasions both at home and abroad without the least Reflection of Dishonour and Grow Rich thereby to which many of our Wealthiest Men in this City and Kingdom must subscribe who began with Little of their own And much more may these Nations For Sect. XIII Third His Majesty and Parliament Designing Vast Improvements both of Wealth and Power for these Nations by their own Products and Manufactures which may be as well done by Bills amongst our selves as by ready Moneys beyond whatever was in Prospect Attempt or Attainment heretofore by us or any Nation under Heaven by all their or Our ready Moneys By this Medium of Bills of Credit added to Our Money-Stock for the Inlargement and Increase thereof to what Proportion they please will be able to carry on the same Pari Passu with this Expensive War And thereby become more Formidable to Our Enemies And the Rather Sect. XIV For that no other Nation will be able to keep Pace with or go to the Length of these Kingdoms nor to imitate us considerably in these Undertakings by Reason of our Products and Manufactures to so great Excess of theirs c. which must of Necessity bring in Great Plenty of Gold and Silver Nor will they be able to hinder our Free Trading during the Lasting and Continuance of this War if we be not wanting to Ourselves And consequently in an Ordinary Course of Providence we shall find our Enemies disposed or necessitated to seek Our Peace and Friendship when they shall find us disposing Ourselves into such a flourishing Condition Which brings on the Consideration of the Ways and Means next to be Treated of viz. Under The Fourth Question viz. How shall Our Trade be Recover'd So as to Preserve our Coyn and Augment Bullion c. Sect. XV. I Answer First By the Parliaments owning and encouraging The Royal Fishery Company and Trade to the encrease of One Two or Three millions per Annum Export of that Sea-Product Which Added to Our other Products and Manufactures and they also improved and multiplied as aforesaid must necessarily produce and bring in great Wealth of all kinds And particularly Plenty of Moneys for its Balance from the Masters of it in all Countries c. For the Situation of these Islands being such as may justly challenge to be the Emporium or Mart of all Trade beyond all others put together and Furnish'd thereby at all times with Magazines and Stores of all Sorts for war and peace for Our selves and all our Neighbors must needs be attended with this Success Our Ports being made Free for their Importation and Exportation after a time to be Limited And we shall not need to fear the Vent of such Surplusage of Imports as We shall not use even for Ready-moneys of all Countries who shall need them Nor shall we have any occasion to Send out our moneys to Fetch in like Proportions yearly Sect. XVI Secondly By taking care That Guards and Convoys be always in a Readiness to attend as well our Fishing-trade as our Foreign Exports and Imports To which purpose it is Humbly Proposed as necessary hereunto that a Select Number of Ships of War be set apart for that sole use and be under such Conduct and Commanders as may be accountable for their Miscarriage by the Neglect of their duty therein The Raising Charge and Paying of which Ships may be Born and Provided for by the Bills of Credit afore-mention'd which will cost the Nation nothing And this May be