Inhaltsangabe
This historic book may have numerous typos, missing text or index. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. 1698. Not illustrated. Excerpt: ... were as cheap, and Vsury as low with us as in Holland, yet if our Merchants live at so great a rate as now they do, how is it possible we should thrive on 'as eafie Gains as those who spend so much less, and Trade so much more t I answer, There is nothing in the World will engage our" Merchants to Spend less and Trade more, than the Abatement of Interest, for the subduing of Interest will bring in multitudes of Traders, as it hath in Holland, to such a degree that almost aU their People of both Sexes are Traders, and the many Traders will necessitate Merchants to' Trade for less Profit, and consequently be 'more frugal in their Expences, which is the true Reason why many considerable Merchants are against the lessening of Interest, whereof I have said some-whEt more in the following Treatis. Page 45. He Propounds another remedy for the advance of our Trade, and the keeping our Coin at home, and enlargeth much upon it in his Appendix, Which is to diminish the intrinfick value of our Coin If the Gentleman had understood Trade half so, well, as he is said to do Mortgages, Bands and Bills, certainly he would not have mentioned this old threed-bare and exploded Project,which is a trick hath been tried so often in Spain, til it hath left them more black Money (as they call it) than white or yellow, notwithstanding their Silver Mines in Peru and Mexico, and that their Laws make it Death to export (.told or Silver/- . This Conceit I. have known three times experienced likewise in Portugal,' with in this 24 or; 25 years, at first the piece of 8 Rials went at 400 Ries, after that was brought to 480, after that to 520, arid now to$oo Ries, and yet still we bring their Money from them as heretofore, and,fell our commodities to them for as much Silver as ever. The reason;is...
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