Domestic annals of Scotland : $b from the revolution to the rebellion of 1745Chambers, Robert
History
Domestic annals of Scotland : $b from the revolution to the rebellion of 1745
Chambers, Robert
Scotland -- History -- 1689-1745
The more active minds of the country continued constantly seething with
schemes for the promotion of industry, and the remedy of the standing
evil of poverty. In this year there was published an _Essay on the New
Project of a Land Mint_, which might be considered a type of the more
visionary plans. It rested on what would now be called one of the
commonplaces of false political economy. The proposed Land Mint was a
kind of bank for the issue of notes, to be given only on landed
security. Any one intending to borrow, say a thousand pounds of these
notes, pledged unentailed land-property to that amount, _plus_ interest
and possible expenses, undertaking to pay back a fifth part each year,
with interest on the outstanding amount, till all was discharged. It was
thought that, by these means, money would be, as it were, created; the
country would be spirited up to hopeful industrial undertakings;
and—everything requiring a religious aspect in those days—the people
would be enabled to resist the designs of a well-known sovereign,
‘aiming now at a Catholic monarchy;’ for, while Louis XIV. might become
sole master of the plate (that is, silver) of the world, what would it
matter ‘if we and other nations should substitute another money, equal
in all cases to plate?’ The only fear the author could bring himself to
entertain, was as to possible counterfeiting of the notes. This being
provided against by an ingenious expedient suggested by himself, there
remained no difficulty and no fear whatever.[379]
[Sidenote: 1706. MAR.]
Although the incessant violences which we have seen mark an early period
embraced by our Annals were no more, it cannot be [Sidenote: 1705.] said
that the crimes of violent passion had become infrequent. On the
contrary, it appeared as if the increasing licence of manners since the
Revolution, and particularly the increasing drunkenness of the upper
classes, were now giving occasion for a considerable number of homicides
and murders. We have seen a notable example of reckless violence in the
case of the Master of Rollo in 1695. There was about the same time a
Laird of Kininmont, who—partly under the influence of a diseased
brain—was allowed to commit a considerable number of manslaughters
before it was thought necessary to arrest him in his course.
Archibald Houston, writer to the signet in Edinburgh, acted as factor
for the estate of Braid, the property of his nephew, and in this
capacity he had incurred the diligence of the law on account of some
portion of Bishops’ rents which he had failed to pay. Robert Kennedy of
Auchtyfardel, in Lanarkshire, receiving a commission to uplift these
arrears, found it to be his duty to give Houston a charge of horning for
his debt.
[Sidenote: MAR. 20.]
Public-domain text, read in full here on John Shaqi.
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