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Pepys, Samuel, 1633-1703

"The Diary of Samuel Pepys"

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 Spain
all the bullion of Spain 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 [Francis, created Lord Cottington, Baron of Hanworth,
by Charles I. Died at Valladolid 1653, S.P.] 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.
20th. To Deptford by water, reading Othello, Moore of Venice,
which I ever heretofore esteemed a mighty good play, but having
so lately read The Adventures of Five Houres, it seems a mean
thing.


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