to be laid out
towards securing of the River of Thames; which, methinks, is a
very poor thing, that we should be induced to borrow by such mean
sums.
23rd. To Woolwich, and there called on Mr. Bodham: and he and I
to see the batterys newly raised; which, indeed, are good works
to command the River below the ships that are sunk, but not above
them. It is a sad sight to see so many good ships there sunk in
the River, while we would be thought to be masters of the sea.
Cocke says the bankers cannot, till peace returns, ever hope to
have credit again; so that they can pay no more money, but people
must be contented to take publick security such as they can give
them; and if so, and they do live to receive the money thereupon,
the bankers will be happy men, Fenn read me an Order of Council
passed the 17th instant, directing all the Treasurers of any part
of the King's revenue to make no payments but such as shall be
approved by the present Lords Commissioners; which will, I think,
spoil the credit of all his Majesty's service, when people cannot
depend upon payment any where.
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