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Diary of Samuel Pepys — Volume 45: August/September 1666 by Samuel Pepys
page 22 of 68 (32%)

[This bank at Amsterdam is referred to in a tract entitled "An
Appeal to Caesar," 1660, 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
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