







 
   
     
       
         An explanation of the proposal lately given in to the Honourable House of Commons, signed William James. It is humbly proposed that guineas, and all other gold coins now currant, be brought into the Exchequer ...
         James, William, fl. 1689-1695.
      
       
         
           1696
        
      
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         2009-03 (EEBO-TCP Phase 1).
         A46637
         Wing J440
         ESTC R216478
         99828209
         99828209
         32636
         
           
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         (EEBO-TCP ; phase 1, no. A46637)
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             An explanation of the proposal lately given in to the Honourable House of Commons, signed William James. It is humbly proposed that guineas, and all other gold coins now currant, be brought into the Exchequer ...
             James, William, fl. 1689-1695.
          
           1 sheet ([1] p.)
           
             s.n.,
             [London? :
             1696]
          
           
             Attributed to William James himself by Wing.
             Title includes opening words of text.
             Date and place of publication from Wing.
             Endorsed on verso: Coin and Supply.
             Reproduction of the original in the Goldsmith's Company Library, University of London.
          
        
      
    
     
       
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         eng
      
       
         
           Coinage -- England -- Early works to 1800.
           Money supply -- England -- Early works to 1800.
           Bank notes -- England -- Early works to 1800.
        
      
    
     
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           An
           EXPLANATION
           of
           the
           Proposal
           lately
           given
           in
           to
           the
           Honourable
           House
           of
           Commons
           ,
           signsed
           
             William
             James
             .
          
        
         
           It
           is
           humbly
           proposed
           that
           Guineas
           ,
           and
           all
           other
           Gold
           Coins
           now
           currant
           ,
           be
           brought
           into
           the
           
             Exchequer
             ,
          
           or
           other
           Places
           as
           shall
           be
           appointed
           by
           a
           prefixt
           time
           ;
           the
           Guineas
           at
           30
           
             sh
             .
          
           a
           piece
           ,
           and
           all
           other
           Gold
           proportionably
           ;
           and
           at
           the
           same
           time
           to
           be
           set
           at
           22
           
             sh
             .
          
           or
           lower
           ,
           as
           the
           House
           shall
           think
           sit
           .
        
         
           And
           for
           every
           Hundred
           Guineas
           brought
           into
           the
           
             Exchequer
             ,
          
           or
           other
           Places
           appointed
           ,
           the
           Party
           who
           brings
           in
           the
           Hundred
           Guineas
           shall
           then
           receive
           Fifty
           Guineas
           back
           at
           22
           
             sh
             .
          
           &c.
           and
           a
           Tally
           or
           Bill
           for
           a
           Hundred
           Pound
           Silver
           ,
           and
           so
           in
           proportion
           for
           a
           greater
           or
           lesser
           Sum
           ,
           which
           Tally
           or
           Bill
           shall
           be
           sunk
           by
           Five
           Pound
           
             per
             Cent.
             per.
             Ann.
          
           till
           the
           whole
           Hundred
           Pound
           Tally
           or
           Bill
           be
           discharged
           :
           And
           in
           case
           of
           failure
           in
           not
           paying
           the
           Five
           Pound
           
             per
             Cent.
          
           due
           on
           the
           said
           Tally
           or
           Bill
           at
           the
           time
           prefixt
           ,
           the
           said
           Tally
           or
           Bill
           to
           be
           void
           .
           But
           on
           the
           payment
           of
           the
           Money
           Yearly
           due
           by
           the
           said
           Tally
           or
           Bill
           ,
           a
           new
           Tally
           or
           Bill
           shall
           be
           given
           for
           the
           remaining
           Sum
           till
           the
           whole
           be
           discharged
           ;
           and
           these
           Tallies
           or
           Bills
           to
           be
           currant
           in
           all
           payments
           to
           both
           King
           and
           People
           .
        
         
           That
           all
           the
           clipp'd
           Money
           good
           and
           bad
           be
           brought
           into
           the
           
             Exchequer
          
           or
           other
           Places
           as
           shall
           be
           appointed
           ;
           and
           for
           every
           Hundred
           Pound
           ,
           or
           more
           or
           less
           Sum
           brought
           in
           ,
           the
           Party
           brioging
           it
           in
           shall
           receive
           the
           Moiety
           of
           new
           coined
           Silver
           or
           Gold
           ,
           as
           setled
           above
           ;
           and
           ,
           at
           the
           same
           time
           ,
           a
           Tally
           or
           Bill
           for
           the
           other
           Moiety
           ,
           which
           shall
           be
           sunk
           by
           Five
           Pound
           
             per
             Cent.
             per
             Ann.
          
           paid
           as
           above
           ,
           
             &c.
          
           till
           the
           whole
           Tally
           or
           Bill
           be
           discharged
           .
        
         
           Now
           when
           the
           new
           Silver
           Money
           is
           coined
           at
           the
           old
           Standard
           ,
           as
           the
           House
           have
           already
           resolved
           ;
           then
           the
           Guineas
           will
           not
           be
           worth
           full
           22
           
             sh
             .
          
        
         
           So
           that
           whoever
           brings
           into
           the
           
             Exchequer
          
           or
           other
           Place
           appointed
           ,
           a
           Hundred
           Guineas
           ,
           will
           save
           Eight
           Shillings
           or
           more
           in
           each
           Guinea
           .
           And
           whoever
           brings
           in
           a
           Hundred
           Pound
           in
           base
           Money
           ,
           and
           receives
           Fifty
           Pound
           in
           Gold
           or
           good
           Silver
           ,
           as
           here
           proposed
           ,
           receives
           much
           more
           than
           the
           intrinsick
           Value
           he
           brings
           in
           .
           And
           whoever
           brings
           in
           a
           Hundred
           Pound
           in
           close
           clipp'd
           good
           Money
           ,
           and
           receives
           Fifty
           Pounds
           in
           Gold
           or
           good
           Silver
           ,
           receives
           the
           full
           Value
           of
           what
           he
           brings
           ,
           besides
           his
           Tally
           ,
           or
           Bill
           for
           the
           other
           half
           .
        
         
           And
           this
           Loss
           falls
           upon
           the
           King.
           
        
         
           So
           that
           to
           repair
           this
           Loss
           ,
           the
           5
           
             l.
             per
             Cent.
             per
             Annum
             ,
          
           is
           paid
           into
           the
           
             Exchequer
          
           to
           reimburse
           the
           King
           ;
           and
           if
           that
           be
           thought
           too
           much
           the
           Parliament
           may
           set
           it
           lower
           ,
           and
           bring
           it
           as
           near
           a
           Ballance
           as
           they
           please
           .
        
         
           And
           it
           is
           much
           more
           reasonable
           ,
           this
           Disease
           that
           has
           been
           upwards
           of
           twenty
           Years
           growing
           ,
           and
           is
           now
           become
           almost
           insupportable
           ,
           and
           will
           in
           a
           very
           little
           time
           stop
           all
           Commerce
           ,
           should
           be
           cured
           by
           a
           twenty
           Years
           remedy
           ,
           which
           will
           be
           less
           felt
           ,
           than
           that
           the
           Nation
           should
           now
           (
           when
           there
           is
           at
           least
           six
           Millions
           to
           be
           raised
           to
           carry
           on
           the
           War
           ,
           
             &c.
          
           )
           bear
           this
           burthen
           all
           at
           once
           .
        
         
           
             
               To
               reduce
               this
               into
               Practice
               .
            
          
           
             A
             Proclamation
             be
             set
             out
             for
             all
             Persons
             on
             a
             certain
             Day
             to
             bring
             their
             Gold
             and
             Silver
             to
             be
             exchanged
             ,
             to
             Persons
             appointed
             in
             every
             Parish
             for
             that
             purpose
             .
             The
             whole
             Work
             may
             be
             done
             in
             two
             or
             three
             days
             .
             The
             Gold
             paying
             for
             the
             Silver
             as
             far
             as
             it
             will
             go
             ,
             and
             Notes
             given
             for
             the
             Overplus
             ,
             to
             be
             turned
             into
             Tallies
             or
             Bills
             in
             a
             very
             short
             time
             after
             .
          
           
             To
             prevent
             the
             Counterfeiting
             of
             Tallies
             ,
             it
             is
             propofed
             ,
             That
             a
             piece
             of
             feal'd
             or
             stampt
             Parchment
             go
             along
             with
             every
             Tally
             or
             Bill
             ,
             which
             upon
             every
             transfer
             ,
             each
             Person
             sets
             his
             Name
             and
             Place
             of
             Abode
             .
          
           
             If
             it
             be
             thought
             ,
             That
             these
             Tallies
             or
             Bills
             be
             thrust
             upon
             the
             King
             and
             People
             in
             payments
             ,
             and
             so
             in
             the
             mean
             while
             all
             the
             Coin
             will
             be
             carried
             out
             of
             the
             Kingdom
             ;
             it
             may
             be
             provided
             in
             all
             payments
             where
             Tallies
             are
             given
             ,
             there
             shall
             be
             the
             like
             Sum
             paid
             in
             Money
             .
          
           
             If
             this
             Proposal
             be
             rejected
             ,
             it
             may
             be
             considered
             what
             an
             intollerable
             Loss
             will
             follow
             by
             the
             fall
             of
             the
             Gold
             ,
             and
             the
             Loss
             by
             the
             much
             clipt
             good
             Money
             ,
             and
             the
             base
             Money
             ,
             which
             cannot
             be
             computed
             to
             so
             little
             as
             three
             Millions
             ;
             but
             if
             it
             be
             accepted
             ,
             it
             immediately
             revives
             Commerce
             ,
             increases
             the
             Cash
             of
             the
             Nation
             ,
             fettles
             the
             minds
             of
             the
             People
             ,
             that
             are
             now
             in
             a
             great
             Ferment
             ,
             which
             is
             like
             to
             be
             greater
             if
             not
             speedily
             prevented
             .
          
           
             
               All
               which
               is
               humbly
               submitted
               to
               the
               Wisdom
               of
               the
               Honourable
               House
               of
               Commons
               .
            
          
        
      
    
     
  

