Query.
But here it may be said, How shall we increase our Trade, when we cannot get by what we have al∣ready?
A short addition to the observations concerning trade and interest of money by the same hand.
About this Item
- Title
- A short addition to the observations concerning trade and interest of money by the same hand.
- Author
- Child, Josiah, Sir, 1630-1699.
- Publication
- London :: Printed for Henry Mortlock ...,
- 1668.
- Rights/Permissions
-
To the extent possible under law, the Text Creation Partnership has waived all copyright and related or neighboring rights to this keyboarded and encoded edition of the work described above, according to the terms of the CC0 1.0 Public Domain Dedication (http://creativecommons.org/publicdomain/zero/1.0/). This waiver does not extend to any page images or other supplementary files associated with this work, which may be protected by copyright or other license restrictions. Please go to http://www.textcreationpartnership.org/ for more information.
- Subject terms
- Interest -- Early works to 1800.
- Cite this Item
-
"A short addition to the observations concerning trade and interest of money by the same hand." In the digital collection Early English Books Online. https://name.umdl.umich.edu/A32837.0001.001. University of Michigan Library Digital Collections. Accessed May 21, 2024.
Pages
Page 14
If it be seriously considered, this question is answered in what I have before said. But further to explain it:
The Dutch drive a great Trade in Salt from Rochel, St. Vvals, and other places, to the Baltick Seas; by which, if they can get eight or nine per cent. they are very well con∣tent: We, while Money is at six per cent. cannot live on so small a profit as is the surplusage of that above the Interest and in consequence we look not after it, but rather choose to put out our Money at six per cent. Whereas were Money with us at four per cent. we should then be content with the surplusage of that profit, and follow it closely.
But if it be here objected, from what I formerly published, That we have no such Bulky Ships to sail with little charge as the Dutch have:
I answer, We are composed of the same Elements as they are, and have hands and heads as well as they; and that a Low interest is the cause of these and many other profi••able Engines, which they work withal. And that he hath not half considered this point, who doth not know infallibly, That a low Interest is a Spur to Invention as well as Industry and Good Husbandry: Nay further, That it multiplies men, as well as increaseth Trade in any Nation, the lat∣ter naturally generating the former.