







 
   
     
       
         A proposal for encouraging of persons to subscribe towards a common stock of ... for the erecting and managing of a trade by a general fishery to be with all possible moral security of a great gain to the adventurers, and of no less honour and advantage to the publick, and is a benefit not to be attained by any other methods, as is strongly presumed from arguments that have all the appearing force of demonstration.
         Chamberlen, Hugh.
      
       
         
           1695
        
      
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         A31628
         Wing C1883
         ESTC R8306
         13245112
         ocm 13245112
         98658
         
           
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             A proposal for encouraging of persons to subscribe towards a common stock of ... for the erecting and managing of a trade by a general fishery to be with all possible moral security of a great gain to the adventurers, and of no less honour and advantage to the publick, and is a benefit not to be attained by any other methods, as is strongly presumed from arguments that have all the appearing force of demonstration.
             Chamberlen, Hugh.
             Thomas, Dalby, Sir.
          
           [4] p.
           
             s.n.,
             [London? :
             1695?]
          
           
             Caption title.
             By Hugh Chamberlen and Sir Dalby Thomas.
             Reproduction of original in Huntington Library.
          
        
      
    
     
       
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         eng
      
       
         
           Fisheries -- England -- Early works to 1800.
        
      
    
     
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           A
           PROPOSAL
        
         
           FOR
           Encouraging
           of
           Persons
           ,
           to
           subscribe
           towards
           a
           Common
           Stock
           of
           
             _____
          
           for
           the
           erecting
           and
           managing
           of
           a
           Trade
           by
           a
           General
           Fishery
           ,
           to
           be
           with
           all
           possible
           Moral
           Security
           ,
           of
           great
           Gain
           to
           the
           Adventurers
           ,
           and
           of
           no
           less
           Honour
           and
           Advantage
           to
           the
           Publick
           ,
           and
           is
           a
           Benefit
           not
           〈◊〉
           〈◊〉
           attained
           by
           any
           other
           Methods
           ,
           as
           is
           strongly
           presumed
           from
           Arguments
           that
           have
           all
           the
           appearing
           Force
           of
           Demonstration
           .
        
         
           
             It
             is
             Proposed
          
           .
        
         
           
             1.
             
             That
             an
             Act
             may
             pass
             to
             enable
             such
             as
             are
             willing
             to
             settle
             Lands
             ,
             for
             the
             Annual
             payment
             of
             Money
             ,
             for
             a
             Fund
             ,
             for
             the
             said
             Fishery
             .
          
           
             2.
             
             That
             the
             settlement
             be
             after
             this
             manner
             (
             viz.
             )
             about
             200
             
               l.
               per
               Annum
            
             Rack
             Rent
             ,
             or
             about
             110
             
               l.
               per
               Annum
            
             Ground
             Rent
             ,
             or
             Rent
             Charge
             ,
             to
             pay
             100
             
               l.
               per
               Annum
            
             free
             of
             all
             Deductions
             .
          
           
             3.
             
             That
             these
             settlements
             ,
             may
             be
             made
             as
             farr
             ,
             as
             for
             payment
             ;
             of
             
               per
               Annum
            
             ,
             and
             no
             farther
             .
          
           
             4.
             
             That
             each
             payment
             of
             100
             
               l.
               per
               Annum
            
             (
             and
             so
             
               pro
               rato
            
             )
             be
             continued
             till
             10000
             l.
             be
             payed
             ,
             which
             will
             be
             in
             about
             100
             Years
             .
          
           
             5.
             
             That
             each
             Subsciber
             ,
             for
             instance
             ,
             of
             100
             l.
             Annual
             payment
             ,
             shall
             receive
             4000
             l.
             
             within
             3.
             or
             4.
             
             Years
             ,
             or
             sooner
             for
             his
             own
             particular
             use
             ,
             to
             dispose
             of
             as
             he
             pleases
             .
          
           
             6.
             
             That
             he
             shall
             have
             4000
             l.
             more
             in
             Stock
             ,
             and
             shares
             in
             the
             said
             Trade
             ▪
             of
             
             which
             one
             half
             he
             may
             Sell
             ,
             and
             transferr
             at
             pleasure
             ,
             for
             the
             Admission
             of
             Money'd
             Men
             ,
             and
             rendering
             the
             undertaking
             more
             perfectly
             National
             ,
             by
             encrease
             of
             Sharers
             ;
             But
             the
             other
             half
             must
             be
             annext
             to
             the
             Land
             ,
             as
             an
             Improvement
             to
             his
             Estate
             thus
             settled
             ,
             and
             for
             the
             benefit
             of
             the
             Heir
             ,
             and
             an
             additional
             strength
             to
             the
             Fund
             .
          
           
             7.
             
             That
             the
             remaining
             2000
             l.
             of
             each
             10000
             l.
             raised
             by
             such
             settlements
             ,
             out
             of
             the
             100
             
               l.
               per
               Annum
            
             (
             for
             100
             Years
             )
             is
             to
             support
             the
             Charges
             of
             the
             Mint
             which
             will
             be
             very
             great
             ,
             hereafter
             mentioned
             ,
             and
             to
             answer
             Contingencies
             .
          
           
             8.
             
             That
             certain
             Persons
             be
             Incorporated
             ,
             with
             necessary
             Powers
             ,
             Priviledges
             ▪
             and
             Clauses
             ,
             for
             a
             General
             Fishery
             ,
             but
             so
             as
             not
             to
             be
             exclusive
             to
             any
             ,
             save
             in
             the
             manner
             of
             raising
             of
             the
             Fund
             ,
             or
             Stock
             .
          
           
             9.
             
             That
             the
             Fund
             of
             this
             Fishery
             ,
             be
             raised
             by
             applying
             thereunto
             4000
             l.
             of
             each
             
             such
             10000
             l.
             as
             aforesaid
             .
          
           
             10.
             
             That
             such
             Fund
             be
             never
             drawn
             out
             of
             the
             Stock
             ,
             but
             the
             profit
             of
             the
             Sharers
             to
             arise
             by
             Dividends
             of
             real
             profit
             .
          
           
             11.
             
             That
             with
             this
             Fund
             ,
             there
             be
             so
             much
             real
             Estate
             purchased
             ,
             as
             that
             the
             Revenue
             may
             defray
             all
             the
             Certain
             and
             Accidental
             Charges
             of
             this
             Corporation
             .
          
           
             12.
             
             That
             a
             Mint
             or
             Office
             be
             Erected
             by
             Parliament
             ,
             and
             placed
             in
             certain
             Persons
             ▪
             to
             that
             End
             Incorporated
             ,
             and
             their
             Successors
             ,
             Distinct
             from
             the
             Fishery
             ,
             and
             from
             time
             to
             time
             accomptable
             to
             Parliment
             .
          
           
             13.
             
             That
             this
             Mint
             have
             power
             ,
             upon
             the
             settlements
             ,
             and
             Subscriptions
             as
             before
             ,
             to
             Form
             ,
             Frame
             ,
             or
             Coin
             ,
             
               Land
               Money
            
             by
             Bills
             ,
             Tickets
             ,
             or
             Tallies
             of
             Credit
             in
             Proportion
             to
             such
             settlements
             .
          
           
             14.
             
             That
             these
             Bills
             of
             Credit
             ,
             being
             founded
             upon
             Land
             ▪
             and
             supported
             by
             Law
             ,
             may
             be
             made
             Current
             in
             all
             manner
             of
             payments
             ,
             and
             to
             all
             manner
             of
             purposes
             .
          
           
             15.
             
             That
             the
             Mint
             do
             Issue
             of
             these
             Tickets
             ,
             two
             fifths
             to
             the
             proprietor
             of
             the
             
             Land
             ,
             two
             fifths
             to
             the
             Fishery
             ,
             and
             retain
             the
             remaining
             fifth
             ,
             to
             support
             its
             own
             Charge
             &c.
             
          
           
             16.
             
             That
             the
             several
             annual
             payments
             of
             the
             Lands
             so
             settled
             as
             before
             ,
             be
             made
             only
             in
             these
             Tickets
             ,
             &
             not
             in
             other
             Money
             ,
             and
             be
             payed
             into
             the
             Mint
             ,
             from
             whence
             Issued
             ,
             and
             Cancelled
             yearly
             as
             brought
             in
             .
          
           
             17.
             
             That
             the
             Annual
             payments
             to
             this
             Establishment
             Commence
             ,
             from
             the
             25th
             of
             March
             ,
             next
             after
             the
             intire
             payment
             to
             each
             Subscriber
             of
             his
             Respective
             quota
             as
             before
             .
          
        
         
           By
           this
           means
           Country
           Gentlemen
           may
           have
           the
           benefit
           of
           Trade
           ,
           without
           Skill
           or
           Trouble
           ,
           and
           a
           Stock
           provided
           for
           them
           also
           ,
           with
           the
           probable
           encrease
           of
           above
           1000
           
             l.
             per
             Ann.
          
           as
           an
           Addition
           to
           their
           present
           200
           
             l.
             per
             Annum
          
           .
        
         
           
             To
             prove
             the
             Premises
             Practicable
             ,
             it
             is
             to
             be
             Consider'd
             .
          
        
         
           1.
           
           That
           no
           Nation
           can
           have
           too
           much
           Money
           :
           because
           ,
           as
           Money
           encreaseth
           ,
           so
           do
           the
           Uses
           of
           it
           ,
           for
           plenty
           of
           Money
           raiseth
           the
           price
           of
           Land
           ,
           in
           Rent
           and
           Purchase
           .
           The
           worth
           of
           Land
           encreaseth
           the
           Expences
           of
           Landlords
           ,
           who
           are
           the
           first
           Persons
           to
           be
           considered
           in
           every
           Country
           ,
           because
           ,
           Lords
           of
           the
           Soil
           ,
           Landlords
           Expences
           augment
           Trade
           ,
           and
           Trade
           Money
           .
        
         
           This
           appears
           in
           comparing
           England
           ,
           and
           Holland
           ,
           with
           Scotland
           and
           Ireland
           ,
           the
           Lands
           of
           which
           last
           (
           though
           of
           a
           fruitfull
           Soil
           )
           yield
           not
           near
           so
           much
           Money
           
             per
             Ann.
             per
          
           Acre
           ,
           as
           Lands
           here
           in
           England
           ,
           or
           in
           Holland
           ,
           because
           they
           have
           but
           little
           Money
           ,
           and
           high
           Interest
           ,
           never
           above
           half
           a
           Million
           in
           Coin.
           
        
         
           Plenty
           of
           Money
           encreaseth
           the
           number
           of
           People
           ,
           by
           encrease
           of
           Business
           ,
           and
           that
           makes
           Consumption
           ,
           of
           which
           ,
           there
           can
           be
           no
           end
           ,
           if
           there
           be
           the
           Means
           ,
           for
           Five
           Men
           can
           consume
           ,
           if
           they
           have
           the
           Means
           ,
           more
           than
           Five
           Hundred
           that
           have
           it
           not
           ;
           which
           likewise
           further
           appears
           by
           the
           Rich
           in
           England
           ,
           and
           Holland
           ,
           and
           the
           Poor
           in
           Scotland
           ,
           and
           Izeland
           .
        
         
           2.
           
           That
           this
           Nation
           hath
           by
           far
           too
           small
           a
           quantity
           of
           Money
           .
           This
           cannot
           be
           denied
           ,
           for
           Taxes
           are
           paid
           with
           difficulty
           :
           Many
           good
           Works
           (
           acknowledged
           to
           be
           so
           )
           lye
           unattempted
           :
           and
           Land
           ,
           and
           most
           of
           our
           Native
           Product
           fall
           in
           value
           ..
        
         
           
             Note
             ,
             That
             Money
             ,
             whilst
             Hoarded
             ,
             is
             of
             no
             more
             Benefit
             to
             the
             Nation
             ,
             than
             when
             in
             the
             Mine
             .
          
        
         
           3.
           
           That
           Tickets
           ,
           Tallies
           ,
           or
           Bills
           of
           Exchange
           ,
           upon
           a
           sound
           Fund
           ,
           are
           Equal
           ,
           if
           not
           Superior
           ,
           in
           Use
           and
           Value
           to
           the
           best
           Money
           of
           Gold
           and
           Silver
           .
        
         
           This
           appears
           by
           the
           long
           practice
           of
           Tallies
           ,
           and
           the
           late
           Borrowing
           Orders
           ,
           and
           Merchants
           ,
           and
           Bankers
           Bills
           ,
           which
           last
           ,
           notwithstanding
           their
           uncertain
           Fund
           ,
           and
           frequent
           Failure
           ,
           do
           ,
           for
           the
           conveniency
           of
           Trade
           ,
           currently
           pass
           for
           Money
           ;
           for
           none
           would
           give
           Money
           for
           their
           Bills
           ,
           if
           they
           were
           not
           judged
           better
           ,
           or
           at
           least
           as
           good
           .
        
         
           And
           the
           only
           reason
           why
           such
           common
           Credit
           is
           not
           at
           present
           as
           current
           as
           Money
           ,
           and
           as
           willingly
           received
           ,
           is
           ,
           because
           the
           Fund
           is
           not
           so
           well
           known
           ;
           and
           because
           a
           Twenty
           Pound
           Bill
           cannot
           be
           divided
           into
           smaller
           Sums
           ;
           for
           if
           it
           could
           ,
           there
           is
           no
           doubt
           ,
           but
           it
           would
           be
           as
           current
           ,
           for
           they
           who
           scruple
           not
           the
           Credit
           of
           a
           Twenty
           Pound
           Bill
           ,
           would
           never
           boggle
           at
           the
           same
           Credit
           for
           a
           Five-Shilling
           Bill
           ,
           if
           worth
           the
           Writing
           :
           So
           that
           Bills
           are
           not
           received
           ,
           as
           is
           generally
           imagined
           ,
           because
           they
           can
           have
           Money
           for
           them
           ,
           but
           they
           are
           turn'd
           into
           Money
           ,
           because
           they
           cannot
           be
           divided
           ,
           as
           small
           Occasions
           require
           ,
           or
           because
           the
           Fund
           is
           unknown
           ,
           or
           not
           lasting
           .
        
         
           That
           the
           Tickets
           hereunder
           Proposed
           ,
           will
           be
           for
           the
           Payment
           of
           great
           Sums
           ,
           and
           then
           the
           present
           Gold
           and
           Silver
           will
           the
           better
           supply
           smaller
           Payments
           .
        
         
           4.
           
           That
           that
           Fund
           is
           sufficient
           for
           the
           Credit
           current
           upon
           it
           ,
           which
           is
           able
           to
           
           call
           it
           all
           back
           within
           the
           limited
           time
           ;
           and
           if
           we
           have
           Land
           Security
           settled
           by
           Parliament
           ,
           to
           pay
           every
           Bill
           in
           time
           ,
           none
           can
           be
           a
           looser
           by
           receiving
           them
           ,
           being
           till
           then
           current
           .
        
         
           5.
           
           That
           a
           Mortgage
           Deed
           ,
           were
           there
           a
           Register
           ,
           would
           be
           as
           transferable
           as
           Gold
           and
           Silver
           in
           Trade
           ,
           and
           in
           Use
           and
           Value
           by
           much
           preferable
           to
           Money
           ,
           or
           Bankers
           Bills
           ,
           for
           none
           now
           refuse
           the
           Assignment
           of
           a
           good
           Mortgage
           ,
           that
           have
           Money
           enough
           ,
           and
           want
           it
           not
           for
           smaller
           Sums
           ;
           but
           it
           would
           be
           much
           better
           ,
           if
           transfer'd
           without
           Charge
           and
           Formalities
           .
        
         
           That
           the
           Tickets
           of
           Credit
           intended
           to
           be
           proposed
           ,
           are
           to
           be
           as
           Registred
           Mortgages
           by
           a
           publick
           Sanction
           ,
           and
           as
           transferable
           as
           Money
           without
           Charge
           or
           Trouble
           ,
           and
           less
           subject
           to
           be
           Counterfeited
           .
        
         
           That
           such
           a
           Fund
           settled
           by
           Act
           of
           Parliament
           ,
           upon
           the
           Estates
           of
           such
           private
           Persons
           as
           are
           willing
           to
           be
           Engaged
           ,
           cannot
           ,
           till
           all
           the
           Tickets
           Charged
           upon
           them
           are
           paid
           off
           ,
           be
           alter'd
           by
           any
           change
           of
           Government
           ,
           or
           future
           Parliaments
           ,
           without
           a
           total
           Dissolution
           of
           all
           Titles
           ;
           this
           being
           a
           private
           Contract
           ,
           confirm'd
           by
           a
           Publick
           Act
           ,
           upon
           particular
           Estates
           ,
           for
           Payment
           of
           Tickets
           dispersed
           amongst
           the
           People
           in
           General
           .
        
         
           
             The
             Advantages
             of
             this
             Proposal
             are
             ,
             briefly
             ,
          
        
         
           To
           the
           Church
           ,
           by
           augmenting
           of
           Tythes
           .
        
         
           To
           the
           King
           by
           encrease
           of
           Customs
           ,
           and
           Excise
           ,
           and
           Shares
           in
           the
           Stock
           ▪
        
         
           To
           the
           Government
           ,
           by
           the
           Loan
           of
           a
           Million
           upon
           this
           Tax
           at
           4
           
             per
             Cent.
          
           and
           and
           so
           from
           time
           to
           time
           for
           Three
           or
           Four
           Years
           ,
           if
           there
           be
           Occasion
           .
        
         
           To
           the
           Nation
           by
           an
           enlarged
           Trade
           ,
           and
           encrease
           of
           People
           in
           General
           ,
           and
           Seamen
           in
           Particular
           .
        
         
           To
           the
           Lords
           ,
           Gentry
           ,
           and
           other
           Free-holders
           by
           this
           enhauncing
           the
           value
           of
           their
           Estates
           both
           by
           Fine
           or
           In-come
           ,
           Rent
           ,
           Purchase
           ,
           and
           Trade
           .
        
         
           To
           the
           Judges
           and
           Lawyers
           ,
           by
           settling
           of
           Titles
           .
        
         
           To
           the
           People
           in
           General
           ,
           by
           improving
           their
           respective
           Trades
           and
           Dealings
           ,
           and
           enabling
           them
           to
           pay
           their
           Taxes
           ;
           and
           by
           adding
           in
           a
           manner
           ,
           so
           many
           new
           Estates
           to
           the
           Nation
           equal
           to
           Land.
           
        
         
           And
           all
           this
           without
           the
           least
           Dammage
           to
           any
           .
        
         
           
             A
             short
             account
             of
             the
             Causes
             of
             the
             Miscarriages
             of
             former
             attempts
             ,
             for
             a
             Fishing
             Trade
             ,
             and
             of
             the
             manner
             ,
             of
             preventing
             the
             like
             for
             the
             Future
             ,
             by
             the
             following
             Method
             .
          
        
         
           Vast
           Summs
           of
           Money
           have
           been
           expended
           ,
           endeavouring
           to
           Erect
           and
           Establish
           a
           Fishery
           ,
           so
           as
           to
           make
           it
           a
           National
           Good
           ,
           as
           well
           as
           gainful
           to
           the
           Adventurers
           .
           These
           Endeavours
           have
           been
           hitherto
           vain
           ,
           being
           as
           often
           Defeated
           as
           Attempted
           .
           Nor
           can
           the
           like
           Design
           ,
           on
           the
           same
           Basis
           ,
           ever
           in
           Future
           times
           ,
           but
           find
           an
           equal
           disappointment
           ;
           And
           that
           for
           the
           following
           Reasons
           ,
           viz.
           
        
         
           
             1.
             
             Because
             the
             constant
             ,
             beside
             contingent
             Charges
             of
             a
             Company
             (
             as
             hitherto
             founded
             )
             is
             and
             must
             necessarily
             be
             a
             very
             great
             expence
             and
             burthen
             to
             the
             Stock
             or
             Fund
             :
             And
             yet
             the
             Profit
             hazardous
             and
             uncertain
             .
          
           
             2.
             
             For
             that
             we
             are
             to
             contend
             for
             the
             Exporting
             ,
             which
             is
             the
             Grand
             and
             National
             Trade
             ,
             with
             those
             more
             experienced
             than
             our selves
             ,
             those
             that
             can
             build
             ,
             and
             sail
             cheaper
             ,
             that
             pay
             less
             Interest
             ,
             and
             are
             content
             with
             less
             Profit
             .
          
           
             3.
             
             Those
             that
             can
             carry
             their
             Fish
             cheaper
             to
             a
             Forraign
             Market
             ,
             will
             sell
             to
             profit
             ;
             while
             others
             ,
             hoping
             for
             a
             time
             to
             answer
             the
             Cost
             ,
             keep
             their
             Commodity
             till
             it
             perishes
             and
             is
             lost
             .
          
           
             4.
             
             That
             the
             knowing
             and
             skilful
             men
             in
             a
             Company
             ,
             (
             perceiving
             early
             that
             the
             Trade
             will
             not
             turn
             to
             account
             )
             sell
             out
             at
             the
             best
             Rate
             they
             can
             :
             to
             whom
             ignorant
             men
             Succeding
             ,
             perfect
             ,
             and
             hasten
             the
             Ruin
             of
             it
             .
          
        
         
         
           
             But
             now
             ,
             the
             present
             intended
             Stock
             Obviates
             all
             these
             inconveniences
             ,
             and
             Settles
             ,
             and
             Secures
             a
             certain
             advantage
             .
          
        
         
           For
           a
           considerable
           part
           of
           this
           Fishery
           Stock
           is
           to
           be
           laid
           out
           in
           Purchasing
           Wharfes
           ,
           Keys
           ,
           Yards
           ,
           Building
           Warehouses
           ,
           &c
           ,
           Buying
           so
           much
           Land
           as
           to
           raise
           an
           Annual
           Income
           to
           defray
           the
           certain
           Charge
           of
           the
           Company
           ,
           as
           Salaryes
           ,
           
             &c
             ▪
          
           and
           to
           Build
           and
           Fit
           out
           a
           certain
           Number
           of
           Busses
           and
           Ships
           Yearly
           .
        
         
           Whereby
           ▪
           a
           Fishery
           may
           be
           for
           ever
           certainly
           supported
           ;
           gaining
           considerably
           ,
           with
           but
           ordinary
           Fortune
           ;
           and
           being
           able
           with
           ease
           to
           Extricate
           it self
           from
           all
           the
           usual
           losses
           and
           difficulties
           in
           Trade
           .
           For
           all
           the
           Fish
           they
           Catch
           will
           (
           in
           a
           manner
           )
           be
           clear
           profit
           ;
           and
           should
           they
           Catch
           none
           (
           which
           is
           a
           supposition
           not
           to
           be
           supposed
           )
           yet
           can
           they
           loose
           little
           or
           nothing
           .
        
         
           The
           Salaryes
           by
           this
           Company
           may
           be
           so
           considerable
           ,
           as
           to
           be
           a
           fair
           Encouragement
           ,
           for
           Men
           of
           Sense
           and
           Estates
           ,
           to
           give
           their
           time
           and
           application
           to
           it
           .
        
         
           It
           s
           humbly
           desired
           ,
           that
           every
           Member
           of
           the
           
             House
             of
             Commons
          
           will
           be
           pleased
           to
           Read
           ,
           and
           Consider
           this
           Proposal
           ;
           so
           that
           ,
           if
           it
           be
           Advantageous
           to
           the
           Nation
           it
           may
           not
           be
           lost
           ,
           and
           that
           they
           may
           be
           able
           to
           Argue
           for
           it
           or
           against
           it
           ,
           as
           in
           their
           Wisdoms
           may
           seem
           Meet
           :
           For
           the
           Method
           of
           this
           Proposal
           being
           new
           to
           Gentlemen
           ,
           some
           parts
           at
           first
           may
           appear
           strange
           ,
           which
           upon
           a
           Second
           and
           Third
           Reading
           ,
           and
           Discourse
           with
           the
           Proposers
           ,
           it
           s
           hoped
           will
           obviate
           most
           of
           their
           Obiections
           .
        
         
      
    
     
       
         Notes, typically marginal, from the original text
         
           Notes for div A31628-e10
           
             Vid.
             
          
           
             V.
             9.
             
          
           
             V.
             6.
             
          
        
      
    
  

