Economics -- Early works to 1800; Finance -- Great Britain; Great Britain -- Economic conditions -- 18th century
Nay, the very judges themselves (no reflection upon their learning) have
been very much at a loss in giving instructions to a jury, and juries
much more to understand them; for, when all is done, juries, which are
not always, nor often indeed, of the wisest men, are, to be sure, in
umpires in causes so nice that the very lawyer and judge can hardly
understand them.
The affairs of merchants are accompanied with such variety of
circumstances, such new and unusual contingencies, which change and
differ in every age, with a multitude of niceties and punctilios (and
those, again, altering as the customs and usages of countries and states
do alter), that it has been found impracticable to make any laws that
could extend to all cases. And our law itself does tacitly acknowledge
its own imperfection in this case, by allowing the custom of merchants to
pass as a kind of law in cases of difficulty.
Wherefore it seems to me a most natural proceeding that such affairs
should be heard before, and judged by, such as by known experience and
long practice in the customs and usages of foreign negotiation are of
course the most capable to determine the same.
Besides the reasonableness of the argument there are some cases in our
laws in which it is impossible for a plaintiff to make out his case, or a
defendant to make out his plea; as, in particular, when his proofs are
beyond seas (for no protests, certifications, or procurations are allowed
in our courts as evidence); and the damages are infinite and
irretrievable by any of the proceedings of our laws.
For the answering all these circumstances, a court might be erected by
authority of Parliament, to be composed of six judges commissioners, who
should have power to hear and decide as a court of equity, under the
title of a “Court Merchant.”
The proceedings of this court should be short, the trials speedy, the
fees easy, that every man might have immediate remedy where wrong is
done. For in trials at law about merchants’ affairs the circumstances of
the case are often such as the long proceedings of courts of equity are
more pernicious than in other cases; because the matters to which they
are generally relating are under greater contingencies than in other
cases, as effects in hands abroad, which want orders, ships, and seamen
lying at demurrage and in pay, and the like.
These six judges should be chosen of the most eminent merchants of the
kingdom, to reside in London, and to have power by commission to summon a
council of merchants, who should decide all cases on the hearing, of both
parties, with appeal to the said judges.
Also to delegate by commission petty councils of merchants in the most
considerable ports of the kingdom for the same purpose.
The six judges themselves to be only judges of appeal; all trials to be
heard before the council of merchants by methods and proceedings singular
and concise.
Public-domain text, read in full here on John Shaqi.
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