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<title>Proposal to raise credit using Crown stocks of tin, cloth, wool, copper etc. as security</title>
<author xml:id="main_author"><persName key="nameid_139" sort="Tyndal, William" ref="nameid_139" xml:base="http://www.newtonproject.sussex.ac.uk/catalogue/xml/persNames.xml">William Tyndal</persName></author>

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<extent><hi rend="italic">c.</hi> <num n="word_count" value="615">615</num> words</extent>
<publicationStmt>
<authority>The Newton Project</authority>
<pubPlace>Oxford</pubPlace>
<date>2017</date>
<publisher>Newton Project, University of Oxford</publisher>
<availability n="lic-cat" status="restricted"><licence target="http://creativecommons.org/licenses/by-nc-nd/3.0/"><p>This metadata is licensed under a <ref target="http://creativecommons.org/licenses/by-nc-nd/3.0/">Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License</ref>.</p></licence></availability>
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<note type="metadataLine">1705?, <hi rend="italic">c.</hi> 615 words.</note>

<note n="recipient"><orgName key="nameid_70" sort="Treasury" cert="medium" ref="nameid_70" xml:base="http://www.newtonproject.sussex.ac.uk/catalogue/xml/persNames.xml">Treasury</orgName></note>
<note n="scopecontent">
<p>Tyndal's proposal will, he claims, 'encrease y<hi rend="superscript">e</hi> Trade of this Nation a Million Sterling yearly' and 'employ many thousands of poor people who are now chargeable to their Parishes for want of work'. Embellished with a small drawing of a house labelled 'Mons Charitatis'.</p>
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<sourceDesc><bibl type="simple" n="custodian_27" sortKey="mint_19/03/525" subtype="Manuscript">MINT 19/3/525, National Archives, Kew, Richmond, Surrey, UK</bibl>
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<country>UK</country><region>Surrey</region><settlement>Kew, Richmond</settlement><repository n="custodian_27">National Archives</repository>
<idno n="MINT 19/03/525">MINT 19/3/525</idno>
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<origDate when="1705-01-01">1705?</origDate>
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<language ident="eng">English</language>
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<handNote xml:id="unknown1" scribe="unknown1">Unknown Hand</handNote>
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<classDecl><taxonomy><category><catDesc n="Mint">Mint</catDesc><category><catDesc n="TinTrade">Tin Trade</catDesc></category></category></taxonomy></classDecl>
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<change when="2001-01-01" type="metadata">Catalogue information compiled by Rob Iliffe, Peter Spargo &amp; John Young</change>
<change when="2011-09-29" type="metadata">Catalogue exported to teiHeader by <name>Michael Hawkins</name></change>
    <change when="2017-03-22">Transcribed by <name>Will Scott</name></change>
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    <pb xml:id="p525r" n="525r"/><fw type="pag" place="bottomLeft">525</fw>
    
    <p rend="indent0" xml:id="par1">Mens Charitutis</p>
    
    
    
    <p rend="indent0" xml:id="par2"><hi rend="large">The</hi> Queen's Storehouse for Tin <add place="supralinear" indicator="yes">Cloth Wooll Copper lead &amp;c</add> upon which may be <lb xml:id="l1"/>issued a valuable Credit, no wayes hazardous, that will <lb xml:id="l2"/>encrease <choice><abbr>y<hi rend="superscript">e</hi></abbr><expan>the</expan></choice> Trade of this Nation a Million Sterling <lb xml:id="l3"/>yearsly, + greatly improvt her <choice><abbr>Ma<hi rend="superscript">ties</hi>.</abbr><expan>Majesties</expan></choice> Revenue <lb xml:id="l4"/>ariseing by Customes + Excise, + likewise employ <lb xml:id="l5"/>many thousands of poor people who are now <lb xml:id="l6"/>chargeable to their Parishes for want of work. <lb xml:id="l7"/><hi rend="large">Money</hi> <choice><sic>bring</sic><corr>brings</corr></choice> the life of a Trading Nation as<choice><orig/><reg> </reg></choice>well as it<choice><orig>'</orig><reg/></choice>s Defence <lb xml:id="l8"/>in time of War, where that is wanting, such Nation must languish, <lb xml:id="l9"/>and if not timely helped come to ruin <unclear reason="hand" cert="low">us.</unclear></p>
    
    <p xml:id="par3">That money is now wanting <add place="supralinear" indicator="yes">or doth regularly <gap reason="hand" unit="words" extent="1"/> late</add> a years by the p<choice><orig><hi rend="superscript">r</hi></orig><reg>re</reg></choice>sent stagnation <lb xml:id="l10"/>of Trade, there being in almost every parish many poor that <lb xml:id="l11"/>are idle for want of Employm<choice><orig><hi rend="superscript">t</hi></orig><reg>ent</reg></choice>.</p>
    
    <p xml:id="par4">Mony then being wanting, whatever answers all the ends of mony <lb xml:id="l12"/>becomes as usefull.</p>
    
    <p xml:id="par5"><hi rend="large">Tin</hi>, The fund of an intrinsick value coyned or uncoyned <lb xml:id="l13"/>will answer the great end by Managem<choice><orig><hi rend="superscript">t</hi></orig><reg>ent</reg></choice>.</p>
    
    <p xml:id="par6"><hi rend="large">Credit</hi> if issued on a sure fund is as good as mony, nay many <lb xml:id="l14"/>times Credit upon precarious funds hath answered all the <lb xml:id="l15"/>uses of mony, + who is there can say that all Goldsmiths Notes <lb xml:id="l16"/>and <choice><abbr>y<hi rend="superscript">e</hi></abbr><expan>the</expan></choice> Notes of the Bank of England are not precarious<choice><orig><hi rend="superscript">s</hi>.</orig><reg/></choice> for <lb xml:id="l17"/>nobody knowes how much Credit they issue out in Bills beyond <lb xml:id="l18"/>what they have a fund for. There is no care taken that their <lb xml:id="l19"/>Books should be inspected, Besides the Bank of England is a <lb xml:id="l20"/>great yearly tax to the Nation, + doth not accomodate the <lb xml:id="l21"/>twentyeth part of the Trade prove amongst us.</p>
    
    <p xml:id="par7">For remedy whereof i<del type="over"><gap reason="illgblDel" unit="chars" extent="1"/></del><add place="over" indicator="no">f</add> her <choice><abbr>Ma<hi rend="superscript">ty</hi>.</abbr><expan>Majesty</expan></choice> by peculiar proper reasons <lb xml:id="l22"/>issue Bills of Credit upon  all Tin + other Staple comodities deposited <lb xml:id="l23"/>in lieu of Tin, which shall be brought to such places + unde<del type="over"><gap reason="illgblDel" unit="chars" extent="1"/></del><add place="over" indicator="no">r</add> <lb xml:id="l24"/>such Security as may be safe to near the value thereof, at low <lb xml:id="l25"/>Interest, it will be an Addition of so much  (as good as mony) <lb xml:id="l26"/>to the Trade of the Nation, and if that Credit be extended upon <lb xml:id="l27"/>Cloath + other Staple commodities of this Kingdom, the Advantage <lb xml:id="l28"/>will be yet greater.</p>
    
    <p xml:id="par8">There are persons that will advance <del type="over"><gap reason="illgblDel" unit="chars" extent="1"/></del><add place="over" indicator="no">1</add>0000<del type="cancelled"><unclear reason="del" cert="medium">0</unclear></del><hi rend="superscript"><hi rend="overline">li</hi></hi> in  mony (if need <lb xml:id="l29"/>be) to circulate these Bills, on very reasonable Terms, because <lb xml:id="l30"/>of the goodness of the fund<choice><sic>.</sic><corr type="delText">.</corr></choice> <add place="inline" indicator="no">being <unclear reason="hand" cert="low">ma</unclear>de in<choice><orig> </orig><reg/></choice>spection + a controll quarterly</add></p>
    
    <p xml:id="par9">By this means all Tinners, Cloathiers of severall Countries, <lb xml:id="l31"/>and other Traders who now for want of a Market for their <lb xml:id="l32"/>Comodities are forced to lye idle, with a great dead stock on <lb xml:id="l33"/>their hands, + consequently many thousands of poor imployed
    
    <pb xml:id="p525v" n="525v"/>
        
        under them, sometimes 3 Months together or more, for want of <lb xml:id="l34"/>money to pay their Workfolkes, + to buy necessary materials for <lb xml:id="l35"/>their Workes, will when they can have Credit upon depositing their <lb xml:id="l36"/>Goods proceed in their Trades, + be allwayes imployed + those <lb xml:id="l37"/>under them.</p>
    
    <p xml:id="par10">Thus Trade will be near doubled, the Poor allwayes imployed <lb xml:id="l38"/>and the English Manufactures made better + Exported at <lb xml:id="l39"/>cheaper rates.</p>
    
    <p xml:id="par11"><hi rend="large">This Credit</hi> ought + will be currant, being upon <lb xml:id="l40"/>an Infallible Fund, which no Credit now Extanct can <lb xml:id="l41"/>pretend to.</p>
    
    <p xml:id="par12">Whatever Nation can monopolize to it<choice><orig> </orig><reg/></choice>self <lb xml:id="l42"/>one or more Comodities (without which their <lb xml:id="l43"/>Neighbour Nations can<choice><orig> </orig><reg/></choice>not subsist) may at its <lb xml:id="l44"/>pleasure draine the Treasure of its Neighbours, <lb xml:id="l45"/>as this was formerly evident in the Wooll<add place="inline interlinear" indicator="no">, + it will <lb xml:id="l46"/>be <unclear reason="hand" cert="low">lesse</unclear> upon Tin &amp; other staples &amp;c &amp; Warehouse already provided <lb xml:id="l47"/><choice><abbr>w<hi rend="superscript">ch</hi></abbr><expan>which</expan></choice> cost above 50000<hi rend="superscript"><hi rend="overline">li</hi></hi>, all <gap reason="hand" unit="chars" extent="2"/>dy + charges borne of hallkeepers + <lb xml:id="l48"/>Storekeepers &amp;c by the Hospitall <unclear reason="hand" cert="medium">reveiwe</unclear> Instand Blakewell Hall <lb xml:id="l49"/>Devonsh<hi rend="superscript">r</hi> Exter, Wo<hi rend="overline">str</hi> Gloster, London Hall &amp;c for nothing <lb xml:id="l50"/>besids <unclear reason="hand" cert="low">Ilevast</unclear> bigg Wellsh Hall <unclear reason="hand" cert="low">void<hi rend="superscript">r</hi></unclear> Guild Hall Emply &amp;c</add></p>
    
    <p rend="right" xml:id="par13"><choice><abbr>Exam<hi rend="superscript">d</hi></abbr><expan>Examined</expan></choice> &amp; <choice><abbr>reived</abbr><expan>received</expan></choice> <choice><orig><hi rend="large">ꝑ</hi></orig><reg>per</reg></choice> <hi rend="large">W<hi rend="superscript">m</hi> Ti<choice><orig><hi rend="underline">ndale</hi></orig><reg>ndale</reg></choice></hi></p>
   
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