p. 22. In 1640 Charles I. seized the money
in the mint in the Tower entrusted to the safe keeping of the Crown.
It was the practice of the London goldsmiths at this time to allow
interest at the rate of six or eight per cent. on money deposited
with them (J. Biddulph Martin, "The Grasshopper in Lombard Street,"
1892, p. 152).]
and the nature of it, and how they do never give any interest at all to
any person that brings in their money, though what is brought in
upon the public faith interest is given by the State for. The unsafe
condition of a Bank under a Monarch, and the little safety to a Monarch
to have any; or Corporation alone (as London in answer to Amsterdam) to
have so great a wealth or credit, it is, that makes it hard to have a
Bank here. And as to the former, he did tell us how it sticks in the
memory of most merchants how the late King (when by the war between
Holland and France and Spayne all the bullion of Spayne was brought
hither, one-third of it to be coyned; and indeed it was found
advantageous to the merchant to coyne most of it), was persuaded in
a strait by my Lord Cottington to seize upon the money in the Tower,
which, though in a few days the merchants concerned did prevail to get
it released, yet the thing will never be forgot. So home to supper
and to bed, understanding this evening, since I come home, that our
Victuallers are all come in to the fleete, which is good newes. Sir John
Minnes come home tonight not well, from Chatham, where he hath been at
a pay, holding it at Upnor Castle, because of the plague so much in the
towne of Chatham. He hath, they say, got an ague, being so much on the
water.
18th. All the morning at my office; then to the Exchange (with my Lord
Bruncker in his coach) at noon, but it was only to avoid Mr. Chr. Pett's
being invited by me to dinner. So home, calling at my little mercer's
in Lumbard Streete, who hath the pretty wench, like the old Queene, and
there cheapened some stuffs to hang my roome, that I intend to turn into
a closett. So home to dinner, and after dinner comes Creed to discourse
with me about several things of Tangier concernments and accounts, among
others starts the doubt, which I was formerly aware of, but did wink at
it, whether or no Lanyon and his partners be not paid for more than they
should be, which he presses, so that it did a little discompose me;
but, however, I do think no harm will arise thereby. He gone, I
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