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SECT. 2.
Of the Merchants of London.
MErchandizing may be said to be an Art or Sci∣ence, invented by Ingenious Mankind for the Publick Good and Profit of all, supplying (as was said,) the Native wants of one Place, by the abun∣dance of others, that do not Consume their own Growths, Products, or Manufactures. Such as Ne∣gotiate and Traffick this way are called Merchants. The things Sold or Exchanged are two. First, Wares or Goods. And Secondly, Moneys or Coyn, which are usually Contracted or Bargained for, three ways.
First, When Goods are Exchanged for Goods; that is, so much of one Sort, for like value of ano∣ther, and this is called Bartering, usual here in old times, and in many places of America, Asia, and Af∣frica in these days: but in Process of time, Men finding it too difficult and troublesom to carry about them, all things thus Bargained and Truckt for, from place to place, invented a common Standard, or Mea∣sure that should countervail, and be in Value as all other things, and be Accounted in Payments, Satis∣faction and Equivalency to all others: and this is called Money, of Gold Silver, or other Mettals. This Use of Money is as old as Abraham, but it was not then Coyned, but only in Pieces Unstampt; and since by Authority of Princes, it was divided into great and small Pieces, and into several and Distinct parts and Denominations, and Stampt or Coyned with se∣veral Characters, denoting the true Weight and Va∣lue of the same. This was done first by Servius in Rome, of Brass, whereon was Imprinted the Image of Sheep and Oxen, betokening the Wealth and Riches of those days; ten of those Pieces made a