by that necessary fall attending the value of money, which is now at least nine tenths lower all over Europe than it was four hundred years ago, by a gradual decline; and even a third part at least within our own memories, in purchasing almost everything required for the necessities or conveniencies of life; as any gentleman can attest, who hath kept house for twenty years past.  And this will equally affect poor countries as well as rich.  For, although, I look upon it as an impossibility that this kingdom should ever thrive under its present disadvantages, which without a miracle must still increase; yet, when the whole cash of the nation shall sink to fifty thousand pounds; we must in all our traffic abroad, either of import or export, go by the general rate at which money is valued in those countries that enjoy the common privileges of human kind.  For this reason, no corporation, (if the Clergy may presume to call themselves one) should by any means grant away their properties in perpetuity upon any consideration whatsoever; Which is a rock that many corporations have split upon, to their great impoverishment, and sometimes to their utter undoing.  Because they are supposed to subsist for ever; and because no determination of money is of any certain perpetual intrinsic value.  This is known enough in England, where estates let for ever, some hundred years ago, by several ancient noble families, do not at this present pay their posterity a twentieth part of what they are now worth at an easy rate.

A tax affecting one part of a nation, which already bears its full share in all parliamentary impositions, cannot possibly be just, except it be inflicted as a punishment upon that body of men which is taxed, for some great demerit or danger to the public apprehended from those upon whom it is laid:  Thus the Papists and Nonjurors have been doubly taxed for refusing to give proper securities to the government; which cannot be objected against the Clergy.  And therefore, if this Bill should pass; I think it ought to be with a preface, shewing wherein they have offended, and for what disaffection or other crime they are punished.

If an additional excise upon ale, or a duty upon flesh and bread, were to be enacted, neither the victualler, butcher, or baker would bear any more of the charge than for what themselves consumed; but it would be an equal general tax through the whole kingdom:  Whereas, by this Bill, the Clergy alone are avowedly condemned to be deprived of their ancient, inherent, undisputed rights, in order to encourage a manufacture by which all the rest of the kingdom are supposed to be gainers.

This Bill is directly against Magna Charta, whereof the first clause is for confirming the inviolable rights of Holy Church; as well as contrary to the oath taken by all our kings at their coronation, where they swear to defend and protect the Church in all its rights.