becoming a drug.

This hath been the progress of the value of money in former ages, and
must of necessity continue so for the future, without some new invasion
of Goths and Vandals to destroy law, property and religion, alter the
very face of nature; and turn the world upside down.

I must repeat, that what I am to say upon this subject, is intended only
for the conviction of those among our own party, who are true lovers of
the Church, and would be glad it should continue in a tolerable degree
of prosperity to the end of the world.

The Church is supposed to last for ever, both in its discipline and
doctrine; which is a privilege common to every petty corporation, who
must likewise observe the laws of their foundation. If a gentleman's
estate which now yields him a thousand pounds a year, had been set for
ever at the highest value, even in the flourishing days of King Charles
the Second, would it now amount to above four or five hundred at most?
What if this had happened two or three hundred years ago; would the
reserved rent at this day be any more than a small chiefry? Suppose the
revenues of a bishop to have been under the same circumstances; could he
now be able to perform works of hospitality and charity? Thus, if the
revenues of a bishop be limited to a thousand pounds a year; how will
his successor be in a condition to support his station with decency,
when the same denomination of money shall not answer an half, a quarter,
or an eighth part of that sum? Which must unavoidably be the consequence
of any bill to elude the limiting act, whereby the Church was preserved
from utter ruin.

The same reason holds good in all corporations whatsoever, who cannot
follow a more pernicious practice than that of granting perpetuities,
for which many of them smart to this day; although the leaders among
them are often so stupid as not to perceive it, or sometimes so knavish
as to find their private account in cheating the community.

Several colleges in Oxford, were aware of this growing evil about an
hundred years ago; and, instead of limiting their rents to a certain sum
of money, prevailed with their tenants to pay the price of so many
barrels of corn, to be valued as the market went, at two seasons (as I
remember) in the year. For a barrel of corn is of a real intrinsic
value, which gold and silver are not: And by this invention, these
colleges have preserved a tolerable subsistence, for their fellows and
students, to