To the hard (lesse worth by fiftie shillings in the thousand than the soft) the letter H. is added, e're it come from the blowing-house. Each thousand must answere fortie shillings to the Queene, which with the other incident fees being satisfied, then, and not before, it is lawfull for the owner to alienate and distract the same.
But about the price there groweth much adoe, betweene the Marchants and the owners, before they can iumpe to an agreement. The Marchant vnfoldeth his packe of strange newes, which either he brought with him from London (where most of them dwell) or forged by the way, telling what great likelyhood there is of warres, what danger of Pirates at Sea, how much of the fore-bought Tynne lieth on their hands, &c. The owner, on,the other side, stoppeth his eares against these charmes, answeres his newes with the Spaniards, Credo en Dios, encounters his reasons, with the present scarcitie and charges of getting and working Tynne, and so keeping vp the price, Iniquum petit, ut aequum ferat. In the end, after much bidding, and louing, varying, and [15] delaying, commonly that Marchant who hath most money to bestow, and that owner who hath most Tynne to sell, doe make the price, at which rate the Marchant is bound to yeeld present payment for so much Tynne as shall be brought him, and, of necessitie, must bargaine for tenne thousand at the least. Others notwithstanding are not bound to buy or sell at this price, but euerie man left at libertie, to make his best market.
The Tynne so sold, hath vsually amounted heretofore to the worth of thirtie or fortie thousand pound in money, and carried price betweene twentie and thirtie pound the thousand, sometimes higher, and sometimes lower, according to the quicke vent and aboundance, or the dead sale and scarcitie; wherein yet some haue obserued, that this so profitable, and vendible a marchandize, riseth not to a proportionable enhauncement, with other lesse beneficiall, and affected commodities, and they impute it partly to the Easterne buyers packing, partly to the owners not venting, and venturing the same.
Here I must either craue or take leaue of the Londoners, to lay open the hard dealing of their Tynne Marchants in this trade. When any Western Gent, or person of accompt, wanteth money to defray his expences at London, he resorteth to one of the Tynne Marchants of his acquaintance, to borrow some: but they shall as soone wrest the Clubbe out of Hercules fist, as one penie out of their fingers, vnlesse they giue bond for euerie twentie pound so taken in lone, to deliuer a thousand pound waight of Tyn at the next Coynage, which shal be within two or three months, or at farthest within half a yeere after. At which time the price of euerie thousand, will not faile to be at least twentie three, prehaps twentie five pound: yea, and after promise made, the party must be driuen (with some indignitie) to make three or foure errands to his house, ere hee shall get the money deliuered. In this sort, some one Marchant will haue 5. hundred pound out beforehand, reaping thereby a double commoditie, both of excessiue gaine for his lone, and of assurance to be serued with Tyn for his money. This they say is no Vsurie, forsooth, because the price of Tynne is not certainely knowne beforehand: (for once onely within these twelue yeeres, of set purpose to escape the penaltie of the Law, they brought it a little vnder twentie pound the thousand:) but if to take aboue fiftie in the hundred be extremitie, whatsoeuer name you list to giue it, this in truth can bee none other, then cutthroate and abominable dealing. I will not condemne all such as vse this trade, neither yet acquite those who make greatest pretence of zeale in Religion: and it may be, that some vpon by-respects, find somwhat friendly vsage in Vsance, at some of their hands: but the common voice saith, that for the most part, they are naught all.
And yet how bad soeuer this fashion may justly bee accompted, certaine of the same Countrymen do passe farre beyond it, as thus: The Marchant, that hee may stand assured to haue Tynne for his money, at the time of Coynage or deliuerance, besides his trade of lone abouementioned, layeth out diuers summes beforehand, vnto certaine Cornishmen, owners of Tynworkes, or otherwise of knowne sufficiencie, who are bound to deliuer for the same, so many thousands of Tynne, as [16] the money shal amount vnto, after the price agreed vpon at the Coinages.