Now is the time: or, The proposal of the loan-bank seasonable By T.W.

Now is the Time.

1. The Guineas (if the 'foremention'd Proposal takes) must come into these Loan-Banks, unless you will suppose Men willing rather to lose near a third part, than trust

upon the best Interest and Security, and Men that will know how to ••se their Bills a•• they did the Guineas, and must do it, or give over the ……r••de.

2. This will support the Credit of the Exchequer under its present Difficulties: for, that being thus supplied with Gold, will be better able to issue forth Silver, an∣swer the Demands made upon it, and circulate the Current Coyn.

3. The greatness of the Taxes will further the Design; the People will be less afraid of parting with their Mony for Bills, when they are sure that these Bills will pay their Taxes: And so far, at least, they are better than Mony. Nor can the Exchequer be Sufferer by it, which had the Mony before hand.

4. The Calling in of the Bad Mony (of which more may be left than we imagin) is another Help; the People must now either stand by the Loss of their Bad Mony, or pay it all at once in Taxes, or lend it to the King. Some have more than enough to pay their Taxes, but not enough to make a Sum to lend the King; these will glad∣ly take the opportunity of throwing it into the Banks, by which they shall rid their hands of it, receive Interest, and have their Bills ready to pay Taxes. And many of them may have Foresight enough to make a tryal what Mony they had best to part with when their Taxes come to be paid, Coyn or Bills.

5. This is the Time, — To prevent the Stop of Commerce; to relieve the Necessities of the Poorer sort of People, and silence their Clamours, without giving our Enemies Hopes of seeing any thing worse than Complaints, nor for the future them; to prevent the Exportation of Bullion, occasion'd by the Extravagant Rate we set upon Gold, or (with some it may be) from worse Motives; to draw forth the Broad and Mill'd Mony, for the hoarding of which (Bad Mony being call'd in, Guineas re∣duced, and a Credit created) there will be no more Temptation, and they that have kept it up out of any Mischievous Intentions, will find their Ends disappointed.

In a word, to Cure all our present Maladies, and prevent future Dangers; to make the Contrivances of our Enemies against us so many Advantages to our selves, and turn their Hopes to Despair; unless our Enemies should be more apprehensive than our Friends, and by their Arts and Misrepresentations so far prevail, as to obstruct all Good Designs, which might prevent their Bad ones.

6. Lastly, This is the Time to let both our Friends and Foes abroad know, that England hath now a Parliament that will never fail their King, nor suffer him to be outwinded; that not only readily and unanimously supply'd his present Occasions, but have resolv'd to continue so to do; and have therefore cut out the Method by which neither He nor We shall ever want Mony, or be weary of the War; and be so far from being Beggar'd by it, that, let it hold as long as it will, we shall leave off Gain∣ers, and, by the Experiment now made upon France, let all the World know what a dangerous thing it will be for the future to provoke England.