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第16章

a discourse of coin and coinage-第16章

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other parts were distracted from the Crown of France; and yet did
he transport such Armies and maintain them so long in the Holy
Land; Egypt and Affrick; besides the payment of an excessive
Ransom to the Mammalukes for his Liberty; as this present King
was not able to do the like; though his Revenue were three times
as much as it is; of which there can be no other cause answerable
to the effect; but the excessive increase of the price of all
things; more than the increase of Gold and Silver in the Kingdom。
And if these Kingdoms of England and France are so much impaired
in ability by this Means; how much more must those Kingdoms be
disabled which are more remote; and draw these Mettals from Spain
but at a second or third hand: I am perswaded that the
consequence of this hath more advanced the affairs of Spain in
these later times than the success of their Armys: neither can
any other Remedy be propounded to this Mischief but one; which is
to fetch these materials of Money from the fountain it self。 And
for my part I do confidently believe that future times will find
no part of the Story of this Age so strange; as that all the
other States of Europe have endured this ruinous Inconvenience
with so great Indifference; or rather Stupidity; so long; and
that they have not combined together to enforce a liberty of
Trade in the West Indies; the restraint whereof is against all
Justice; Trade being de Communi Jure an appendant of Peace; and
against the Example of former Ages。
    It is true; that the Romans who of all other Nations were
most advantageous in their publick Contracts; did enjoyn the
Carthaginians; that they should not sail beyond certain
Promontaries with their vessels of War; but never debarred
Commerce and Trade into any parts。
    And the Muscovites and those of China; who forbid all Access
unto Strangers in their Dominions; do notwithstanding permit all
Fairs and Markets in their parts and entries of their Countries
for commerce with other Nations; with whom they have no
Capitualations of Peace。
    But the Spaniards and Portugals do not only forbid all access
and commerce to the West and East Indies within their Dominions;
but do define and bound their Dominions; in a manner unheard of
to all former Ages; and with an arrogancy more than humane; for
whereas all other Nations; since the World began; have claimed
and denominated their Dominions either from their own possession
or the possession of their Ancestors; the Spaniards and
Portugals; in a contrary way; draw certain imaginary Mathematical
lines through Heaven and Earth; and claim for theirs all that
lieth within the compass of these lines; as if they would
incroach upon God in Heaven; as well as upon Men on Earth。

Chapter 12

Of the raising of the Price of Moneys by our Neighbours; and the
defect of our not raising of our Moneys accordingly。

    Both these Causes are assigned of the Rarity of Money; and
are indeed the same; and do both stand and fall together; and
both are assigned for causes of Exportation of our Gold and
Silver; and for Impediments of the importation of these Materials
unto us: For if it be true that our Neighbours by the raising of
the price of the Moneys of Gold and Silver; do the more abound in
Gold and Silver; it is true likewise; that if we do not raise
ours in the same Proportion; we shall much less abound in the
same Materials: And if it be true; that they by raising theirs do
draw a greater quantity of Gold and Silver into their States; it
is likewise true; that they do not only thereby withdraw from us
that quantity of Gold and Silver; which would otherwise be
imported unto us; but they do facilitate the exportation from us;
of that whereof we are already possessed: But; on the contrary;
if these Positions be not true; then all the Consequences
inferred upon them are not true likewise; Now because almost all
the deliberations in matters of Money do resort to the one or the
other side of this main Question; Whether the raising of the
price of Moneys doth really and stably increase the abundance of
Money in any State; or if it do increase the quantity; whether
that increase be not more prejudicial than beneficial to the
Commonwealth? I intend to handle this Question; and all the
incidents pertaining to it; as exactly as I can。 And
    First I purpose to set down the benefits that do grow to the
State by the raising of the Moneys; and the Prejudices that do
grow by the not raising of Moneys: And then I intend to set down
the Benefits that do grow by the not raising of Money; and the
Prejudices that do grow by the raising of Money: The I purpose to
examine; and to answer; or allow the Reasons made on both sides。
    And lastly; I intend to set down what Remedies have been
propounded for the avoiding of all Inconveniences which may grow
to the State either by the raising or not raising of Moneys; or
both of them; and to examine the same: And here I must again
require an extraordinary Patience and Attention in the Reader;
because that upon the hinges of this Question; the whole Mystery
of the Government and ordering of Moneys in the Commonwealth is
moved; and the question it self is very intricate and perplexed;
and the Reasons alledged on both sides are full of Subtilty。

Chapter 13

Of the Benefits which do grow unto the State by the raising of
Moneys; and the Prejudices which do by not raising of it。

    They which propound to have our Moneys of Gold and Silver
raised to a parity at the least with other Nations in general;
have their aim and scope but upon one only Benefit to redound
thereby to the Common…wealth; which is; the encrease of Money and
the Materials thereof; but with that there are many other
important Benefits concurring; as
    First; The encrease of Trade and Manufactures; which are
always best managed; where Money doth most abound。 The venting of
domestical Commodities; for that if our own Moneys be as high in
value; as those of other Nations; our own Commodities must be
vented with them whether we have need of their Commodities; or
they have need of ours; because there will be no Profit to fetch
their Commodities with our Moneys: and again; the raising of our
Moneys doth make Commodities vented in other parts at an higher
price; because; when our Neighbours do raise their Moneys; they
do still hold in common estimation that Proportion in value to
our Moneys; which they held before they were raised; though in
Intrinsical value they want so much thereof as they are raised;
by which means our Commodities being sold for the same Rates
which they were sold for before; are sold for so much less as the
Intrinsical value is impaired: But if our Moneys were likewise
raised; then our Merchants must of necessity sell our Commodities
at higher Rates in name than they did before; or else they should
not make their Reckonings。 The abundance likewise of Money doth
enable Tenants the better to pay their Rents; and all men in
general to keep up and maintain their Credits; and to pay all
publick Charges and Contributions; and these Benefits may suffice
in general without specifying many others; which have concurrency
with these or consequently from them。
    And for the Prejudices; which do grow by the not raising of
our Moneys in a parity to other Nations; they are easily
expressed by these; for admitting these Benefits to grow by the
raising of Money; the Prejudices which will grow by the not
raising of them; will be the contrary to these。
    But the main knot of the business is to prove; that the
raising of Moneys doth really encrease the quantity of Money in
any State; or doth preserve it from diminution。 For that they do
alledge these reasons:
    First; The Practice of all antiquity; in all States
whatsoever; which could not possibly fall out except there were
found an inevitable necessity to raise themselves to a parity
with their Neighbours; of which the Examples are laid down in the
former part of this Treatise; but specially that of the
thirteenth of Henry the Fourth is very pregnant; where; by advice
of Parliament; Money was raised; the reason being alledged; That
for want of raising it; the 

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