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An Essay Upon Projects by Daniel Defoe
page 37 of 185 (20%)
the merchant was to pay 6 pounds per cent. interest on the bond, and
to allow 10 pounds percent. premium for advancing the money. When
he had the wines in possession the owner could not send his cooper
to look after them, but the goldsmith's man must attend all the
while, for which he would be paid 5s. a day. If he brought a
customer to see them, the goldsmith's man must show them. The money
was lent for two months. He could not be admitted to sell or
deliver a pipe of wine out single, or two or three at a time, as he
might have sold them; but on a word or two spoken amiss to the
goldsmith (or which he was pleased to take so), he would have none
sold but the whole parcel together. By this usage the goods lay on
hand, and every month the money remained the goldsmith demanded a
guinea per cent. forbearance, besides the interest, till at last by
leakage, decay, and other accidents, the wines began to lessen.
Then the goldsmith begins to tell the merchant he is afraid the
wines are not worth the money he has lent, and demands further
security, and in a little while, growing higher and rougher, he
tells him he must have his money. The merchant--too much at his
mercy, because he cannot provide the money--is forced to consent to
the sale; and the goods, being reduced to seventy pipes sound--wine
and four unsound (the rest being sunk for filling up), were sold for
13 pounds per pipe the sound, and 3 pounds the unsound, which
amounted to 922 pounds together.

Pounds s. d
The cooper's bill came to . . . . . . . . . 30 0 0
The cellarage a year and a half to . . . . 18 0 0
Interests on the bond to . . . . . . . . . 63 0 0
The goldsmith's men for attendance . . . . . 8 0 0
Allowance for advance of the money and
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