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The ANATOMY of an EQUIVALENT.
I. THE World hath of late years never been without some extraordinary Word to fur∣nish the Coffee-houses and fill the Pamphlets. Sometimes it is a new one invented, and some∣times an old one revived. They are usually fit∣ted to some present Purpose, with Intentions as differing as the various Designs several Parties may have, either to delude the People, or to expose their Adversaries: They are not of long continuance, but after they have passed a little while, and that they are grown Nauseous by being so often repeated, they give place to something that is newer. Thus, after Whig, Tery, and Trimmer, have had their time, now they are dead and forgotten, being supplanted by the word Equivalent, which reigneth in their stead.
The Birth of it is in short this: After many repeated Essays to dispose Men to the Reperl of Oaths and Tests, made for the security of the Protestant Religion, the general aversion to comply in it was found to be so great, that it was thought adviseable to try another manner of attempting it, and to see whether by putting the •…•… thing into another Mould, and softening an •…•… Proposition by a plausible Term, they might not have better success.
To this end, instead of an absolute quitting of those Laws, without any Condition, which was the first Proposal; Now it is put into •…•… Language, and runneth thus; If yiu will take •…•… the Oaths and Tests, you shall have as good a thing for them. This put into the fashionable Word, is now called an Equivalent.
II. So much to the Word it self. I will now endeavour in short to examin and explain, in or∣der to the having it fully understood,
First, What is the nature of a true Equiva∣lent; and
In the next place, What things are not to be admired under that denomination.
I shall treat these as general Propositions; and •…•… I cannot undertake how far they may be convincing, I may safely do it, that they are •…•… of which there canbe no greater evi∣dence than that I make neither Inference, nor Application, but leave that part intirely to the Reader, according as his own Thoughts shall di∣rect and dispose him.
III. I will first take notice, that this Word, by the Application which hath been made of it in some modern instances, lieth under some Disad∣vantage, not to say some Scandal. It is trans∣mitted hither from France; and if as in most other things that we take from them, we carry them beyond the Pattern, it should prove so in this, we should get into a more partial Stile than the Principles of English Justice will I hope ever allow us to be guilty of.
The French King's Equivalents in Flanders, are very extraordinary Bargains; his manner of pro∣posing and obtaining them, is very differing from the usual methods of equal dealing. In a later Instance, Denmark, by the encourage∣ment as well as by the example of France, hath propos'd things to the Duke of Holstein, which are called Equivalents, but that they are so, the World is not yet sufficiently convinc'd, and pro∣bably the Parties concern'd do not think them to be so, and consequently do not appear to be at all disposed to accept them. Princes en∣joyn and prescribe such things when they have Strength and Power to supply the want of Argu∣ments; and according to practice in these Cases, the weaker are never thought to have an ill Bar∣gain, if they have any thing left them. So that the first Qualification of an Equivalent, must be, that the Appraisers be indifferent, else it is only a Sound, there can be nothing real in it: For, where the same party that proposeth a Bargain, claimeth a Right to set the Value; or which is worse, hath power too to make it good; the other may be forced to submit to the Conditions, but he can by no means ever be persuaded to treat upon them.
IV. The next thing to be consider'd is, that to make an Equivalent in reality an equal thing in the Proposer, it must be a better thing than that which is required by him; just as good is subject to the hazard of not being quite so good; It is not easie to have such an even hand as to make the Value exactly equal; besides, according