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<DATE>2009-08-05</DATE>
<RESPSTMT>
<NAME>Mona Logarbo</NAME>
<RESP>MURP</RESP>
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<ITEM>Proofed and reviewed as part of batch B081020.pdcc.</ITEM>
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<IDG S="marc" R="UM" ID="B04636">
<STC T="W">O349B</STC>
<BIBNO T="oclc">52528868</BIBNO>
<VID>178850</VID>
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<TEXT LANG="eng">
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<DIV1 TYPE="document">
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<HEAD>THE <GAP DESC="illegible" REASON="in gutter" EXTENT="2 letters">LY WAY <HI>to have the</HI> RENTS <HI>of</HI> England <HI>well Paid, and al&s;o help</HI> TRADE, <HI>and</HI> Supply <HI>the,</HI> Government.</HEAD>
<P><GAP DESC="illegible" REASON="in gutter" EXTENT="1 word"> has been the great Study of the <HI>Enemies</HI> of the <HI>Government,</HI> to <HI>Deba&s;e</HI> and <HI>Dimini&s;h</HI> our <HI>Coyn,</HI> <GAP DESC="illegible" REASON="in gutter" EXTENT="2 letters">owing that there could be nothing more Ruinous to us, e&s;pecially in the time of War; and tho' the Par|<GAP DESC="illegible" REASON="in gutter" EXTENT="3 letters">ment  have taken care to make it good, yet will it require a con&s;iderable time to perfect it, <HI>&s;o that there <GAP DESC="illegible" REASON="in gutter" EXTENT="1 word"> be Coyn enough Current to pay Rents, Taxes,</HI> &amp;c. which makes it much the more nece&s;&s;ary to &s;upply the <GAP DESC="illegible" REASON="in gutter" EXTENT="1 word"> hereof at pre&s;ent with <HI>good Credit,</HI> Which if done, would mightily di&s;appoint the great Hopes our <GAP DESC="illegible" REASON="in gutter" EXTENT="1 word"> are at pre&s;ent big with; That <HI>after the 4th Day of May,</HI> we &s;hall <HI>neither have Money nor any thing equiva|<GAP DESC="illegible" REASON="in gutter" EXTENT="4 letters"></HI> <GAP DESC="illegible" REASON="in gutter" EXTENT="2 letters">ereto, which they buz into People with no &s;mall diligence, in hopes thereby to propagate their <GAP DESC="illegible" REASON="in gutter" EXTENT="5+ letters">s.</P>
<P>Credit, it mu&s;t be owned that the <HI>mo&s;t &s;olid</HI> is that which has the <HI>Sanction of Parliament,</HI> yet do we <GAP DESC="illegible" REASON="in gutter" EXTENT="1 word"> <HI>Tallies &s;ecured by parliament, and payable in cour&s;e</HI> one after another, are not of equal Value to, nor &s;o <GAP DESC="illegible" REASON="in gutter" EXTENT="5+ letters">le <HI>as the Notes of Gold&s;miths, or Banks, payable at demand,</HI> tho' not &s;o well &s;ecured: For with the&s;e la&s;t, an <HI>pay his Rents, Taxes, Debts,</HI> &amp;c. Whereas with the Tallies payable in Cour&s;e, he cannot.</P>
<P>Rea&s;on of which Difference is only this, That the <HI>Tallies</HI> are Payable but <HI>in Cour&s;e</HI> one after another, as <GAP DESC="illegible" REASON="in gutter" EXTENT="3 letters">ey comes in, &s;o that he which has the <HI>Tally</HI> cannot receive his Money till it be come in on that par|<GAP DESC="illegible" REASON="in gutter" EXTENT="7 letters"> <HI>Fund</HI> his <HI>Tally</HI> is &s;truck on, tho' there be never &s;o much in the <HI>Exchequer</HI> on other <HI>Funds,</HI> nay that very <HI>Fund,</HI> if it be not come up to his particular Sum; Whereas the <HI>Notes</HI> even of Gold&s;miths is, without the Sanction of Parliament, being made <HI>Payable at Demand,</HI> Per&s;ons Value <HI>equal</HI> at lea&s;t <GAP DESC="illegible" REASON="in gutter" EXTENT="5+ letters">y, and &s;o far <HI>above Tallies,</HI> that it is common to allow Five, and &s;ometimes Ten <HI>per Cent.</HI> or more, on Tallies that carry Eight <HI>per Cent.</HI> Intere&s;t in <HI>Exchange</HI> for <HI>&s;uch Notes</HI> without Intere&s;t: <HI>Not that withs or Banks keep Money by them to an&s;wer all their Bills together. But</HI> Per&s;ons having the <HI>Notion,</HI> are <HI>Payable at demand,</HI> in&s;tead of <HI>coming &s;ooner</HI> for their Money, generally <HI>&s;tay as long for it as</HI> they <GAP DESC="illegible" REASON="in gutter" EXTENT="4+ letters">at <HI>one Fourth</HI> part or le&s;s <HI>circulates the whole,</HI> which makes it appear plainly, That <HI>if the Parliament <GAP DESC="illegible" REASON="in gutter" EXTENT="1 span"> beginning of the War,</HI> rai&s;ed but Two <HI>Millions</HI> of Money in <HI>&s;pecie,</HI> to have been paid either into the <GAP DESC="illegible" REASON="in gutter" EXTENT="4+ letters">r, or into the Hands of <HI>Commi&s;&s;ioners,</HI> to have been by them appointed for that purpo&s;e, and im|<GAP DESC="illegible" REASON="in gutter" EXTENT="4+ letters"> them from time to time, to have i&s;&s;ued out <HI>Tallies Payable at demand</HI> (in&s;tead of in Cour&s;e) with an In|<GAP DESC="illegible" REASON="in gutter" EXTENT="6 letters"> <GAP DESC="illegible" REASON="in gutter" EXTENT="1 word"> <GAP DESC="illegible" REASON="in gutter" EXTENT="1 letter">our or Five <HI>per Cent.</HI> (in&s;tead of Seven and Eight now paid) <HI>for &s;uch Sums only</HI> as &s;hould be directed <GAP DESC="illegible" REASON="in gutter" EXTENT="1 word"> <HI><GAP DESC="illegible" REASON="in gutter" EXTENT="3 letters">ment,</HI> and have either Setled or obliged them&s;elves to have Setled <HI>Funds,</HI> or rai&s;ed Money to pay <GAP DESC="illegible" REASON="in gutter" EXTENT="4+ letters">e at the End of the <HI>War,</HI> or &s;ooner, if nece&s;&s;ary, <HI>with the &s;evere&s;t Penalties</HI> on tho&s;e that had the <GAP DESC="illegible" REASON="in gutter" EXTENT="4 letters">ent thereof, <HI>if they i&s;&s;ued any Tallies</HI> for any <HI>further</HI> Sums than they were <HI>Authorized by Parlia|<GAP DESC="illegible" REASON="in gutter" EXTENT="4 letters"></HI></P>
<P><GAP DESC="illegible" REASON="in gutter" EXTENT="1 span"> might have been enough given out on the &s;aid Security <HI>(if the Parliament had &s;o directed)</HI> to have <GAP DESC="illegible" REASON="in gutter" EXTENT="1 word"> <HI>the War,</HI> with only rai&s;ing <HI>two Millions per Ann.</HI> more, which might have been &s;o done, as to have Landed Men <HI>two, if not three Shillings in the Pound</HI> every year in the Taxes, and the Nation <HI>many</HI> <GAP DESC="illegible" REASON="in gutter" EXTENT="1 word"> <GAP DESC="illegible" REASON="in gutter" EXTENT="1 letter">t pays in&s;en&s;ibly in the <HI>ri&s;e of</HI> all &s;orts of <HI>Victuals and Commodities,</HI> by rea&s;on of the <HI>want</HI> of <HI>Money</HI> <GAP DESC="illegible" REASON="in gutter" EXTENT="1 word"> <HI>Specie</HI> or <HI>Credit</HI> equivalent to Mony to Circulate the Trade, and pay Rents and Taxes; for it <GAP DESC="illegible" REASON="in gutter" EXTENT="1 span"> <GAP DESC="illegible" REASON="in gutter" EXTENT="1+ letters">e <HI>kept &s;everal Millions in the Gentlemens, Tenants, and Farmer's hands,</HI> and in Trade, that the Tal|<GAP DESC="illegible" REASON="in gutter" EXTENT="4+ letters"> <GAP DESC="illegible" REASON="in gutter" EXTENT="1 word"> <GAP DESC="illegible" REASON="in gutter" EXTENT="2 letters">yable in cour&s;e, and the long Funds (the mo&s;t inconvenient thing of all to the Nation) have <GAP DESC="illegible" REASON="in gutter" EXTENT="1 span">t, and &s;till draw and keep out. And had we <HI>a General Regi&s;ter</HI> in <HI>England,</HI> whereby Titles might <GAP DESC="illegible" REASON="in gutter" EXTENT="1 span">y &s;ecured, and the transferring thereof made ea&s;ie and &s;hort; <HI>a Method</HI> might be Propo&s;ed <HI>to make <GAP DESC="illegible" REASON="in gutter" EXTENT="1 span"> &s;erve all the &V;&s;es of Mony;</HI> But &s;eeing that is to be rather wi&s;hed for, than expected, I &s;ee <GAP DESC="illegible" REASON="in gutter" EXTENT="1 span"> pre&s;ent that can <HI>&s;upply the u&s;e of Mony,</HI> for paying Rents, Debts, and Taxes, <HI>but Tallies payable <GAP DESC="illegible" REASON="in gutter" EXTENT="1 span"></HI></P>
<P><GAP DESC="illegible" REASON="in gutter" EXTENT="1 word"> have contemplated the ill Con&s;equences that the Tallies payable in Cour&s;e, and the long Funds and mu&s;t inevitably have yet, I had not adventured to publi&s;h my thoughts, but that I think <GAP DESC="illegible" REASON="in gutter" EXTENT="1 word"> <GAP DESC="illegible" REASON="in gutter" EXTENT="7 letters">t &s;tate of Affairs makes it not only a Conveniency, but <HI>an ab&s;olute Nece&s;&s;ity;</HI> for it puzzles the be&s;t <GAP DESC="illegible" REASON="in gutter" EXTENT="1 span"> Heads I have Conver&s;ed with, to an&s;wer this only Que&s;tion. <HI>How it will be even <HI>po&s;&s;ible</HI> to <GAP DESC="illegible" REASON="in gutter" EXTENT="1 span"> Debts, and Taxes, and carry on Trade, and pay Bills (e&s;pecially foreign Bills of Exchange) after the</HI> <GAP DESC="illegible" REASON="in gutter" EXTENT="1 span"> May <HI>next?</HI> For New Mony can't be very current by that time.</P>
<P><GAP DESC="illegible" REASON="in gutter" EXTENT="1 word">' I think it is very late for this to take place, yet <HI>better late than never.</HI></P>
<P><HI>Parliament</HI> would but make an Experiment for the 2500000 <HI>l.</HI> they &s;till want on the Fund of <GAP DESC="illegible" REASON="in gutter" EXTENT="1 span"> and impower the Trea&s;ury to borrow 600000 <HI>l.</HI> and let that remain to Circulate, <HI>Tallies</HI> pay|<GAP DESC="illegible" REASON="in gutter" EXTENT="4 letters"> <GAP DESC="illegible" REASON="in gutter" EXTENT="2 letters">mand for the whole 2500000 <HI>l.</HI> with Intere&s;t at 4 or 5 <HI>per Cent.</HI> for one year only, it would <GAP DESC="illegible" REASON="in gutter" EXTENT="1 span"> Nation a great Summ of Mony of the very Intere&s;t, and <HI>Supply the Trade of London,</HI> and thereby <GAP DESC="illegible" REASON="in gutter" EXTENT="1 span"> <HI>plentiful in the Country,</HI> and be found &s;o u&s;eful and nece&s;&s;ary, that I don't doubt but they would <GAP DESC="illegible" REASON="in gutter" EXTENT="1 span"> not only to continue it, but to rai&s;e more Mony the &s;ame way next, and other years, and <HI>&s;ave <GAP DESC="illegible" REASON="in gutter" EXTENT="1 span"> <GAP DESC="illegible" REASON="in gutter" EXTENT="1 letter">ax.</HI></P>
<P><GAP DESC="illegible" REASON="in gutter" EXTENT="1 word"> <GAP DESC="illegible" REASON="in gutter" EXTENT="1 letter">nly Objection that has any appearance of Rea&s;on is, <HI>that it may give too large a Power to the <GAP DESC="illegible" REASON="in gutter" EXTENT="1 span"></HI></P>
<P>(how &s;pecious &s;oever it may appear) has nothing of relaity in it; for tho&s;e that have the Manage|<GAP DESC="illegible" REASON="in gutter" EXTENT="4 letters"> <GAP DESC="illegible" REASON="in gutter" EXTENT="4+ letters">of, being <HI>limited to a certain Sum,</HI> they can no more give out Tallies payable on demand, exceeding <GAP DESC="illegible" REASON="in gutter" EXTENT="1 span"> <GAP DESC="illegible" REASON="in gutter" EXTENT="2 letters">mited by <HI>Parliament,</HI> than of tho&s;e payable in cour&s;e; <HI>for all the&s;e Tallies may be numbred, and the <GAP DESC="illegible" REASON="in gutter" EXTENT="4+ letters">pt as exactly as now.</HI></P>
<P><GAP DESC="illegible" REASON="in gutter" EXTENT="1 word"> <GAP DESC="illegible" REASON="in gutter" EXTENT="1 letter">s no real difference between this way, and the common way, but that at pre&s;ent the Tallies are <GAP DESC="illegible" REASON="in gutter" EXTENT="1 letter"> <GAP DESC="illegible" REASON="in gutter" EXTENT="1 letter">nly in cour&s;e as the Taxes come in; this makes them payable at demand, and Mony kept to Cir|<GAP DESC="illegible" REASON="in gutter" EXTENT="6 letters"> <GAP DESC="illegible" REASON="in gutter" EXTENT="1 word">, which will make them u&s;eful in payments of Rents, Taxes, <HI>&amp;c.</HI> as above.</P>
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