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THE EXTORTIONERS AND Stock-Iobbers, detected. Or, An Infallible Receipt for the Circulation of Money.
OUR Fore-fathers in former days had so great an Aversion against Ex∣cessive Usury, that they look'd upon the Usurers as void of all Hu∣manity and Christianity, and as a Mark of their Displeasure, would not suffer them to have a Christian Burial. It may be of good Service to have some such Mark put upon them now, to shew the dislike of this Age, who are in a great measure undone by them.
These cruel ill-natur'd Monsters are the destroyers and devourers of most Mens Substance, by their unreasonable Dealings and Extorting Usuries, prosecuting their own Covetous and Evil Designs, having no regard to the Laws of God, and breaking through all the Laws of Men, as if they were to give no Account in this World nor the next. But since these Catter-pillars have made havock and spoil at their own Will and Pleasure, it is high time to inform them, That there are Laws already made as a Scourge for all such Vermin; there are a great many honest English-men, that are true Lovers of their King and Country, that will prosecute these Offenders, and endeavour to make them sensible of their bold and barefac'd Frauds, that are at this time of day put upon most of his Majesty's good Sub∣jects, who are drove to unexpressable Streights and Necessities, by their Tricks and Contrivances, by keeping the Money and hindering its Currancy, on purpose to drive the People into great Wants, that thereby they might make the better Markets of them, exacting from them, Five, Ten, Fifteen, and Twenty per Cent. besides lawful Interest, and not without extraordinary Secu∣rity, such as Plate or Land, by which means Money is become an absolute Commodity, to almost the ruin of some Thousands of the honest trading Men in the Kingdom, for they will never lay Moneys out in Goods, when they can by their unlawful Practises make much more of their Money than by lay∣ing it out in Commodities, so that Trade must stop, and all Business stand still if the Laws be not put in Execution: In order thereunto you have here a Co∣py of an of Parliament, which we heartily wish may by Authority be com∣manded to be read publickly in all the Churches in England every Sunday in the year, to prevent future Frauds and Extortion.
An ACT for the Restraining the taking of Excessive Usury, Anno duodecimo CAROLI Secundi Regis, Cap. XIII.
FOrasmuch as the Abatement of Interest from Ten in the Hundred in former times, hath been found by notable Experience beneficial to the Advancement of Trade, and Improvements of Lands by good Husbandry, with many other consi∣derable Advantages to this Nation, especially the Reducing of it to nearer Pro∣portion with Foreign Statutes with whom we Traffick. And whereas in fresh memo∣ry the like Fall from Eight to Six in the Hundred, by a late constant Practice hath found the like Success, to the general Contentment of this Nation, as is visibly by se∣veral