A further attempt towards the reformation of the coin with expedients for preventing the stop of commerce during the re-coinage, and supplying the mint with a sufficient quantity of bullion ... / by R. Ford.
Ford, R., fl. 1696.
1696
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A further attempt towards the reformation of the coin with expedients for preventing the stop of commerce during the re-coinage, and supplying the mint with a sufficient quantity of bullion ... / by R. Ford.
Ford, R., fl. 1696.
24 p.
Printed for Thomas Cockerill, Sen. & Jun. ...,
London :
1696.
Reproduction of original in Yale University Library.
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eng
Money -- Great Britain.
Coinage -- Great Britain.
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A
FURTHER
ATTEMPT
Towards
the
Reformation
of
the
COIN
.
WITH
Expedients
for
preventing
the
stop
of
Commerce
during
the
Re-coinage
.
AND
Supplying
the
Mint
with
a
sufficient
quantity
of
Bullion
.
Humbly
offered
to
the
Consideration
of
the
King
and
Parliament
,
By
R.
Ford.
LONDON
:
Printed
for
Thomas
Cockerill
Sen
'
&
Jun
'
at
the
Three
Leggs
in
the
Poultry
,
1696.
A
Further
Attempt
Towards
the
Reformation
of
the
COIN
,
&c.
INTRODUCTION
.
THough
I
may
seem
to
incurr
the
Censure
of
Vanity
and
Ostentation
,
by
pretending
to
advance
any
thing
New
,
on
a
Theme
that
hath
already
employ'd
so
many
able
Pens
:
Yet
on
an
Impartial
Perusal
of
all
that
is
extant
on
this
Subject
,
I
doubt
not
but
there
will
be
found
such
ample
Scope
for
so
many
Considerable
Alterations
and
Additions
as
will
render
this
Further
Attempt
not
only
Excusable
but
Necessary
:
Great
part
of
what
hath
been
hitherto
done
of
this
Nature
,
not
having
been
performed
with
that
Candour
and
Impartiality
,
nor
with
all
that
Accuracy
and
Exactness
as
were
to
be
wish'd
,
in
an
Affair
of
such
grand
Importance
and
Difficulty
.
And
how
Deficient
soever
I
may
be
,
as
to
the
latter
of
these
Qualifications
,
yet
I
dare
assure
my
Readers
,
they
shall
not
have
any
just
Cause
of
Complaint
of
my
Failure
in
the
former
and
more
Essential
Point
of
an
unbiassed
Integrity
.
The
Consciousness
of
which
Sincerity
of
Intention
,
flatters
me
with
some
Hopes
of
these
Endeavours
meeting
with
a
Favourable
Reception
;
wherein
,
if
I
should
be
deceived
,
yet
should
I
be
sensible
of
no
other
Displeasure
thereat
,
than
any
Lover
of
his
Country
may
be
supposed
to
have
,
for
the
Miscarriage
of
a
Design
he
conceives
might
conduce
to
the
Promotion
of
the
Publick
Good.
I
shall
not
wast
any
Time
in
an
unprofitable
Inquiry
into
the
several
Means
and
Degrees
whereby
our
Coin
hath
been
reduced
to
its
present
ill
Condition
,
but
forthwith
apply
my self
to
the
Search
of
the
properest
Methods
of
Restoring
it
unto
a
good
one
.
The
only
effectual
Expedient
for
which
purpose
,
is
agreed
on
all
hands
to
be
the
Re-coining
of
all
the
old
clipped
and
Counterfeit
Coin
,
into
good
new
and
mill'd
Money
:
So
that
there
is
an
universal
Consent
,
as
to
the
Matter
it self
,
that
it
is
necessary
to
be
done
,
but
as
to
the
Manner
of
performing
it
;
there
are
almost
as
many
different
Perswasions
as
Persons
,
out
of
which
variety
of
Methods
,
to
select
those
which
seem
most
Rational
and
Practicable
,
is
the
Design
and
Scope
of
this
Discourse
,
which
shall
consist
of
an
Inquiry
into
the
following
Heads
,
which
will
comprehend
all
that
is
necessary
to
be
said
on
this
subject
.
viz.
First
,
Whether
it
be
most
for
the
Interest
of
the
Nation
,
to
Reduce
the
price
or
value
of
an
Ounce
of
Silver
unto
Sixty
two
Pence
,
or
to
advance
it
proportionable
to
the
present
Scarcity
and
Want
thereof
.
Secondly
,
By
whom
shall
the
Loss
that
will
ensue
on
the
Re-coining
the
Clipp'd
and
Counterfeit
Money
be
sustain'd
.
Thirdly
,
By
what
Means
may
the
Mint
be
supplied
with
a
sufficient
Quantity
of
Silver
Bullion
,
to
make
near
as
much
good
Money
in
Tale
,
as
there
is
at
this
time
of
good
and
bad
together
.
Fourthly
,
What
Methods
are
proper
to
be
insisted
on
,
to
prevent
the
stop
of
Commerce
during
the
Re-coinage
.
The
first
,
and
indeed
most
material
Point
that
offers
it self
to
our
Consideration
,
is
the
Value
that
ought
to
be
fixed
on
the
Ounce
of
Silver
;
or
whether
it
be
more
for
the
Publick
Interest
to
have
it
reduced
unto
Sixty
two
Pence
,
or
to
have
it
advanced
proportionable
to
the
present
Scarcity
and
Want
thereof
.
The
latter
of
which
two
Opinions
,
viz.
That
it
is
most
for
the
Interest
of
the
Nation
to
advance
the
Price
of
our
Silver
,
seems
most
Rational
in
it self
,
and
Beneficial
to
the
Kingdom
in
its
present
Circumstances
,
and
that
for
several
Cogent
,
and
(
if
I
mistake
not
)
unanswerable
Reasons
;
whereof
the
following
are
some
of
the
principal
,
which
when
I
can
find
satisfactorily
answered
,
I
ingage
to
change
my
Opinion
;
until
which
be
done
,
I
hope
those
of
the
contrary
Perswasion
will
alter
theirs
.
These
Reasons
I
shall
dispose
under
two
Heads
.
1.
I
shall
Enumerate
some
of
the
grand
Inconveniencies
that
will
attend
the
Non-advancement
of
Silver
.
2.
I
shall
represent
some
of
the
Advantages
that
will
accrue
to
the
Nation
by
raising
the
Price
thereof
.
And
To
begin
with
an
Enumeration
of
the
Evil
Consequences
that
will
attend
the
low
Valuation
of
Silver
,
some
of
the
principal
whereof
are
,
1.
The
Want
of
a
sufficient
Quantity
of
Money
for
Payment
of
the
Taxes
and
Rents
,
and
carrying
on
of
the
Trade
of
the
Nation
.
Now
if
I
can
but
prove
,
that
such
an
Excessive
Want
and
Scarcity
of
Money
will
be
the
certain
and
fatal
Consequence
of
fixing
so
low
a
Rate
on
Silver
.
I
think
this
single
Consideration
were
sufficient
to
disswade
the
Practice
of
it
.
For
certainly
such
a
Method
of
regulating
the
Coin
,
as
carries
with
it
such
fatal
and
pernicious
Consequences
,
as
the
occasioning
so
great
a
Scarcity
of
Money
,
as
to
render
us
incapable
of
paying
our
Taxes
and
Rents
,
and
Management
of
our
Trades
;
and
that
will
Impoverish
the
Nation
to
that
Degree
,
as
to
Incapacitate
us
for
the
Continuance
of
the
War
;
and
thereby
oblige
us
,
and
consequently
the
rest
of
Europe
,
to
truckle
to
the
Ambition
and
Power
of
France
.
I
say
,
such
a
Method
,
that
draws
with
it
such
Consequences
as
these
,
must
be
acknowledged
of
all
hands
,
to
be
very
unfit
to
be
pursued
.
Now
that
the
low
Valuation
of
Silver
would
cause
so
great
a
Scarcity
of
Money
,
as
would
in
a
great
measure
produce
such
fatal
Effects
,
may
I
conceive
be
evinced
from
the
ensuing
Considerations
.
1.
That
the
fixing
a
low
Rate
on
Silver
,
will
produce
such
an
Excessive
Scarcity
of
Money
,
may
partly
be
evinced
,
if
we
consider
,
That
what
Silver
shall
be
Recoin'd
,
together
with
what
mill'd
and
unclipp'd
Money
is
still
remaining
,
will
not
go
so
far
by
near
a
Million
of
Pounds
Sterling
,
if
it
be
Re-coin'd
at
a
low
Rate
,
as
it
will
if
the
Value
be
augmented
;
which
will
be
evident
,
if
we
compare
what
quantity
of
Money
in
Tale
,
may
be
Recoin'd
out
of
the
Clipp'd
Money
,
reckoning
the
Silver
at
62
Pence
per
Ounce
,
with
the
Quantity
that
may
be
made
out
of
the
same
Silver
,
reckoned
at
a
fourth
part
more
,
viz.
at
6
s.
5
d.
½
per
Ounce
.
There
may
be
(
as
is
computed
by
the
Judicious
Mr.
Lowndes
)
about
5600000
l.
of
Sterling
Money
left
in
the
Kingdom
,
whereof
he
supposes
about
1600000
l.
may
be
in
mill'd
and
unclipp'd
Money
,
and
the
other
Four
Millions
in
clipp'd
Money
;
which
one
with
another
(
as
appears
by
several
Bags
weigh'd
at
the
Exchequer
)
is
diminished
full
one
half
of
its
weight
.
So
that
the
said
four
Millions
,
Re-coin'd
according
to
the
present
Establishment
,
will
not
make
above
two
Millions
of
mill'd
Money
,
which
,
with
the
1600000
l.
supposed
to
be
remaining
in
mill'd
and
unclipp'd
Money
,
and
making
in
all
3600000
l.
will
be
all
the
Silver
Money
we
are
like
to
have
in
the
Kingdom
,
in
lieu
of
about
eight
Millions
of
good
and
bad
Silver
together
,
which
are
supposed
to
be
now
therein
.
Now
he
that
can
inform
me
,
how
we
may
be
capable
of
paying
every
Year
between
five
or
six
Millions
of
Pounds
for
defraying
the
Charge
of
the
War
,
a
great
part
of
which
Sum
must
also
be
transported
for
the
use
of
the
Land-Forces
;
and
how
at
the
same
time
we
may
pay
our
Rents
,
and
manage
our
Domestick
and
Forreign
Trades
,
on
account
of
which
latter
also
there
must
be
great
Sums
yearly
transported
,
to
make
good
the
Ballance
of
what
the
Goods
we
Export
fall
short
of
those
we
Import
.
I
say
,
He
that
can
propose
the
means
of
performing
all
this
out
of
3600000
l.
of
Silver
,
and
our
small
quantity
of
Gold
Coin
(
which
by
the
way
will
be
very
inconsiderable
,
when
it
is
fallen
to
the
Rate
these
Gentlemen
would
have
Silver
fixed
at
,
)
—
erit
mihi
Magnus
Apollo
,
I
'll
erect
Altars
to
his
Praise
,
and
Sacrifice
to
his
Memory
.
But
on
the
other
hand
,
if
Silver
be
advanced
a
fourth
part
,
viz.
from
5
s.
2
d.
unto
6
s.
5
d.
½
per
Ounce
(
as
it
ought
to
be
in
proportion
to
the
present
Scarcity
thereof
,
of
which
more
in
the
sequel
of
this
Discourse
)
then
the
same
quantity
of
Silver
will
furnish
us
with
a
fourth
part
more
Money
than
it
would
if
it
were
coin'd
at
the
rate
of
the
present
Establishment
.
So
that
instead
of
but
3600000
l.
we
shall
by
this
proposed
Advancement
of
Silver
,
have
4500000
l.
in
the
Nation
,
which
is
Nine
hundred
thousand
Pounds
more
,
and
is
no
inconsiderable
Addition
to
our
Coin
at
such
a
Juncture
as
this
.
And
besides
this
Augmentation
of
our
Silver
Coin
,
the
Advancement
of
our
Silver
will
raise
our
Gold
proportionally
full
a
fourth
part
:
So
that
supposing
there
may
be
about
two
Millions
of
Pounds
Sterling
in
all
sorts
of
Gold
Coins
in
the
Nation
;
which
if
Silver
be
raised
to
the
proposed
Value
,
will
pass
for
a
full
fourth
part
,
or
500000
l.
more
than
they
otherwise
would
:
Which
advance
of
the
Gold
,
added
to
that
of
the
Silver
,
demonstrates
there
will
be
1400000
l.
more
in
tale
in
the
Kingdom
,
by
the
fixing
a
higher
Rate
on
Silver
,
than
there
would
be
by
setting
a
lower
Valuation
thereon
.
But
before
I
can
pass
to
the
next
Reason
,
to
prove
that
such
an
excessive
and
fatal
Want
of
Money
,
will
be
a
consequence
of
reducing
Silver
to
a
low
Value
,
I
must
obviate
one
grand
Objection
,
which
I
foresee
will
be
urged
against
what
I
have
already
advanced
,
and
which
is
this
.
Object
.
That
though
it
be
granted
,
that
the
same
quantity
of
Silver
or
Gold
,
will
make
more
Money
in
Tale
,
by
advancing
the
Value
of
the
Bullion
,
than
it
will
if
debased
to
a
lower
value
;
yet
though
the
Money
coin'd
at
such
a
low
rate
will
not
go
so
far
in
Tale
,
yet
it
will
purchase
as
much
Goods
as
if
it
did
.
The
Real
and
Intrinsick
,
not
the
Nominal
and
Imaginary
Value
being
that
which
is
regarded
by
those
who
sell
their
Commodities
.
—
To
which
I
answer
,
That
though
it
be
in
some
measure
true
,
that
the
Price
of
Goods
bears
some
proportion
to
the
Goodness
or
Badness
of
the
Coin
wherewith
they
are
purchased
.
Yet
is
not
this
proportion
so
exact
as
fully
to
ballance
them
:
For
I
dare
undertake
to
purchase
more
Goods
with
a
Coin
in
quantity
of
Silver
coin'd
into
Money
set
at
a
pretty
high
rate
,
than
with
the
same
weight
of
Silver
coin'd
into
Money
,
and
fixed
at
a
lower
rate
.
For
though
indeed
the
Real
and
Intrinsick
Value
is
principally
regarded
,
yet
not
so
,
as
totally
to
exclude
all
Consideration
of
the
Extrinsick
Value
and
Denomination
that
is
put
upon
it
;
to
which
also
all
Persons
,
especially
the
Subjects
of
the
Prince
,
whose
Money
it
is
,
bear
some
respect
unto
,
and
will
accept
it
in
Payment
for
something
more
than
the
bare
Intrinsick
Value
:
As
will
be
further
evident
,
if
we
consider
,
That
though
I
think
it
s
granted
,
that
our
Coin
is
,
if
taken
altogether
full
50
per
Cent.
or
one
half
less
worth
at
this
time
,
than
the
first
Intrinsick
Value
.
And
therefore
that
according
to
the
rule
of
Goods
rising
or
falling
fully
so
much
as
to
ballance
the
several
degrees
of
the
Goodness
of
Money
,
all
our
Inland
and
Foreign
Commodities
should
have
advanc'd
full
one
half
above
their
former
Price
,
and
the
exchange
for
our
Money
have
fallen
one
half
from
its
former
Rate
.
Neither
of
which
we
find
to
have
happen'd
,
not
even
when
our
Money
was
reduc'd
to
its
worst
estate
,
and
e're
it
was
certain
whether
it
would
be
reform'd
or
not
.
For
if
we
examine
the
Price-current
of
all
Commodities
,
't
will
be
found
they
are
not
advanc'd
near
50
per
Cent.
one
with
another
;
and
so
much
as
they
are
risen
,
is
not
only
on
account
of
the
Badness
of
our
Coin
,
but
is
in
great
measure
occasioned
by
the
extraordinary
Demand
there
is
for
many
of
them
both
here
and
beyond-Sea
;
and
by
the
great
difficulty
and
hazard
of
Importing
them
during
the
War.
And
then
as
to
the
course
of
Exchange
,
that
also
never
fell
so
much
from
its
former
Rate
,
as
our
Money
is
from
its
former
Intrinsick
Value
.
For
I
think
,
when
our
Coin
was
in
its
perfection
of
Weight
and
Purity
,
the
course
of
Exchange
at
Roterdam
,
Amsterdam
,
&c.
seldom
exceeded
37
Dutch
Shillings
for
a
Pound
sterling
.
And
when
our
Coin
was
debas'd
to
its
worst
estate
,
the
Exchange
at
the
same
places
was
seldom
lower
than
26
or
27
of
the
same
Shillings
for
a
Pound
sterling
,
which
is
not
above
30
per
Cent.
difference
from
what
it
was
when
our
Coin
was
in
its
best
condition
;
though
(
as
I
said
before
)
our
Money
is
become
generally
50
per
Cent.
worse
than
its
first
Intrinsick
Value
.
So
that
I
think
it
's
evident
,
that
neither
do
Goods
advance
,
nor
the
Exchange
sink
so
,
as
fully
to
ballance
the
Baseness
and
Lightness
of
our
Coin.
Whence
it
follows
,
that
the
same
weight
of
Gold
and
Silver
valu'd
at
a
higher
rate
,
will
go
further
in
purchasing
Commodities
,
as
well
as
in
Tale
,
than
the
same
weight
,
if
a
lower
Value
be
fixed
;
since
our
Clipt
and
Counterfeit
Money
buyes
more
Commodities
of
any
sort
in
proportion
to
its
real
and
intrinsick
Value
,
than
our
Money
,
when
in
its
best
estate
,
ever
did
in
proportion
to
the
real
and
intrinsick
Value
thereof
at
that
time
.
And
therefore
our
quantity
of
Silver
valued
at
4500000
Pound
,
will
go
something
farther
in
the
purchase
of
even
foreign
Commodities
,
as
well
as
in
Tale
,
than
the
same
quantity
valued
at
but
3600000
Pound
will
do
;
which
was
the
Point
I
designed
to
prove
.
And
if
this
hold
in
some
measure
even
as
to
our
Foreign
Traffick
,
it
's
much
more
certain
,
that
with
relation
to
our
In-land
Trade
,
the
Advancement
of
the
Price
of
Money
will
not
only
make
it
go
further
in
Tale
,
but
also
in
Purchase
,
and
furnish
us
with
a
larger
Stock
to
traffick
with
among
our selves
;
the
extrinsick
Value
and
Denomination
of
our
Coin
being
regarded
,
as
well
as
the
real
and
intrinsick
one
in
our
Dealings
one
with
another
:
so
that
the
encrease
of
the
Extrinsick
Value
or
Denomination
of
our
Money
will
cause
it
to
go
further
in
Payments
,
and
purchase
more
Goods
than
it
would
otherwise
do
.
And
in
every
regulation
of
the
Coin
,
there
ought
to
be
had
an
equal
,
if
not
superior
regard
to
the
Interests
of
our
Domestick
,
as
well
as
Foreign
Commerce
.
For
the
service
of
which
former
,
Money
seems
to
have
been
principally
intended
,
as
being
designed
to
answer
such
things
as
could
not
be
easily
reckon'd
,
or
equally
divided
,
and
made
to
answer
one
another
.
But
a
due
consideration
of
the
Interest
of
our
In-land
Traffick
in
the
Regulation
of
our
Money
,
seems
to
be
wholly
neglected
by
the
great
Sticklers
for
a
low
Valuation
of
our
Money
,
whose
measures
seem
chiefly
calculated
for
the
Meridian
of
Forreign
Trade
,
and
their
own
particular
Interests
;
insomuch
as
I
hope
it
will
be
judged
no
breach
of
Charity
to
conjecture
,
that
the
true
Motive
by
which
some
of
that
Party
are
acted
in
this
Affair
,
is
,
that
many
of
them
being
Foreigners
,
and
trading
in
Commodities
coming
from
Holland
,
the
Sound
,
Streights
,
&c.
may
,
instead
of
making
their
Returns
in
Goods
,
remit
our
Money
thither
in
Specie
,
by
the
extraordinary
goodness
whereof
they
propose
to
gain
20
or
25
per
Cent.
in
the
exchange
;
which
they
know
cannot
be
done
,
if
our
Money
be
fix'd
at
a
pretty
high
rate
.
But
tho'
this
may
be
true
as
to
some
of
them
,
yet
I
doubt
not
but
there
are
many
Persons
of
the
same
opinion
,
whose
Intentions
are
undoubtedly
generous
and
honest
,
but
have
been
wheedled
by
some
designing
self-interested
Persons
,
to
think
and
act
otherwise
in
this
Affair
,
than
they
would
have
done
,
if
left
to
have
pursu'd
the
Dictates
of
their
own
better
and
more
impartial
Judgments
.
Having
,
as
I
hope
,
sufficiently
enervated
the
force
of
this
grand
Objection
,
in
which
I
have
been
the
more
prolix
,
because
it
is
one
of
the
most
plausible
the
Cause
will
afford
;
I
proceed
to
the
mention
of
a
Second
Reason
,
to
prove
,
That
an
excessive
Scarcity
of
Money
,
will
be
a
consequence
of
the
Non-advancement
of
Silver
:
Which
is
,
2.
That
the
Reduction
of
Silver
to
so
low
a
Rate
;
will
not
only
prevent
its
going
so
far
in
Tale
and
Purchase
,
as
it
otherwise
would
;
but
will
also
be
such
a
great
discouragement
to
the
Importation
of
Gold
and
Silver
into
the
Kingdom
,
and
carrying
of
it
into
the
Mint
,
as
will
thereby
cut
off
all
hopes
of
procuring
Bullion
to
increase
the
Coin.
I
need
not
prove
that
Increase
of
our
Money
at
a
Juncture
,
when
by
Melting
,
Clipping
,
and
other
indirect
means
it
is
reduced
to
so
small
a
Quantity
,
must
be
concluded
to
be
for
the
Publick
Good
;
and
consequently
any
Proposal
that
tends
to
deprive
the
Nation
of
such
an
Advantage
,
as
the
augmentation
of
our
Coin
is
universally
acknowledged
to
be
,
must
necessarily
be
judged
Repugnant
to
the
publick
Interest
.
And
that
a
low
Valuation
of
Silver
tends
to
prevent
the
Increase
of
our
Money
,
will
be
evident
,
if
we
consider
,
that
no
Persons
will
carry
any
Silver
into
the
Mint
at
5
s.
2
d.
per
Ounce
,
when
besides
that
,
it
is
likely
they
gave
considerably
more
for
it
themselves
.
It
will
yield
a
better
Price
elsewhere
.
So
that
the
fixing
so
low
a
state
on
Gold
and
Silver
would
be
as
effectual
a
Prohibition
of
the
Importation
of
it
into
the
Kingdom
,
and
carrying
of
it
unto
the
Mint
,
as
any
Law
that
could
be
Enacted
for
that
purpose
.
A
Third
Reason
to
evince
that
such
an
excessive
want
of
Money
will
ensue
on
the
non
advancement
of
Gold
and
Silver
,
is
,
That
fixing
so
low
a
Value
on
Silver
,
will
not
only
so
discourage
the
Importation
of
it
into
the
Kingdom
,
and
carrying
of
it
into
the
Mint
,
as
will
cut
off
all
hopes
of
increasing
the
Quantity
of
our
Coin
,
but
also
will
be
such
a
Temptation
to
persons
to
melt
and
Transport
it
,
as
will
render
it
impossible
for
us
to
preserve
even
the
little
we
shall
have
left
,
from
being
conveyed
out
of
the
Nation
.
So
that
supposing
the
Government
should
impose
the
hard
terms
of
carrying
in
our
Plate
to
be
coined
,
at
1
s.
or
1
s.
6
d.
per
Ounce
less
than
it
cost
,
and
thereby
the
quantity
of
our
Money
should
be
for
the
present
augmented
.
Nay
,
imagining
we
had
double
the
Quantity
of
money
that
is
possible
for
us
to
have
:
Yet
if
the
Value
were
setled
at
the
Rate
of
the
present
Establishment
,
or
5
s.
2
d.
per
Ounce
,
in
the
process
of
a
few
Years
it
would
be
insensibly
melted
and
Transported
,
until
there
would
not
remain
a
sufficient
Quantity
for
the
supplying
our
most
urgent
Occasions
,
but
the
Nation
would
be
involved
in
a
greater
Exigency
and
Distress
than
it
ever
did
(
or
I
hope
ever
will
)
Experience
.
Now
,
that
what
I
have
here
urged
is
not
a
meer
Scare-Crow
to
Terrifie
Children
and
Fools
withal
,
I
Appeal
to
our
own
sad
Experience
,
which
never
spake
clearer
in
any
Case
than
it
doth
in
this
.
Doth
not
this
Inform
us
in
General
,
that
though
there
should
be
Enacted
the
Severest
Laws
,
back'd
with
the
Execution
of
the
most
Rigorous
Penalties
,
against
the
Commission
of
a
Crime
,
by
which
there
is
a
prospect
of
certain
Gain
,
yet
that
there
will
never
be
wanting
Persons
who
for
the
sake
thereof
will
hazard
the
enduring
the
greatest
Punishments
.
And
doth
not
Experience
further
teach
us
in
general
,
that
few
Laws
are
obeyed
,
the
Violation
whereof
is
more
gainful
than
the
Observation
,
and
where
the
Profit
of
breaking
them
is
great
and
certain
,
but
the
Penalty
dubious
,
or
easily
avoidable
?
But
doth
not
even
our
own
present
Experience
furnish
us
with
pregnant
Instances
in
relation
to
this
particular
Subject
of
the
Coin
,
since
of
above
Fifteen
Millions
of
Silver
Money
,
which
as
appears
by
the
Register
of
the
Mint
,
have
been
coined
since
the
time
of
King
Henry
the
Eighth
,
not
above
one
Third
part
are
computed
to
be
remaining
in
Specie
,
but
all
the
rest
either
melted
down
,
or
Transported
?
So
that
we
may
rationally
judge
of
the
future
by
what
is
already
past
.
Nay
,
rather
we
may
conclude
that
Silver
and
Gold
being
scarcer
and
dearer
now
on
many
Accounts
than
for
several
Years
past
,
should
they
be
setled
at
so
low
a
Rate
,
the
Encouragement
to
melt
and
Transport
it
being
greater
than
ever
,
their
Industry
therein
would
consequently
be
more
than
ordinary
;
for
we
have
no
reason
to
imagine
that
when
the
Reason
and
Temptation
of
doing
it
will
be
so
much
augmented
,
that
their
Diligence
will
be
lessened
.
For
if
Persons
will
not
stick
at
the
commission
of
a
Crime
for
the
obtaining
of
a
less
Advantage
,
they
will
not
scruple
it
for
the
procuring
of
a
greater
.
And
this
Reason
will
appear
yet
more
unanswerable
,
if
besides
the
Clandestine
and
Illegal
conveying
the
Silver
out
of
the
Land
,
which
I
have
proved
will
be
an
inevitable
Consequence
of
the
Scarcity
and
Goodness
of
our
Money
,
there
will
also
thereby
ensue
this
further
Inconvenience
,
viz.
That
our
Neighbours
supplying
us
with
more
Goods
than
we
do
them
,
we
thereby
become
their
Debtors
,
and
consequently
must
pay
what
we
owe
them
in
such
as
they
will
please
to
accept
;
and
we
may
be
certain
they
will
choose
to
have
their
Returns
in
that
whereby
they
shall
gain
most
.
So
that
if
our
Silver
be
reduced
to
a
low
value
,
they
will
choose
to
have
their
Returns
in
as
much
of
it
as
they
can
,
whereby
we
shall
be
at
length
so
drain'd
of
our
Money
,
as
to
be
reduced
to
such
a
Scarcity
and
want
of
Money
,
as
I
affirmed
▪
and
I
think
,
have
proved
,
will
be
the
consequence
of
the
non-advancement
of
Silver
,
and
the
cause
of
such
a
Poverty
as
will
disable
us
to
pay
our
Taxes
and
Rents
,
and
manage
our
Trades
.
Which
though
it
be
but
a
single
Instance
of
the
Mischievous
Effects
of
setting
a
low
Valuation
on
Silver
,
yet
is
one
of
so
black
and
extensive
a
Nature
,
and
draws
such
a
Numerous
and
Dismal
Train
of
Ill
Consequences
along
with
it
,
as
will
spare
me
the
Labour
of
adding
much
more
to
prove
the
Disadvantage
of
such
a
Practice
.
However
I
shall
mention
a
second
grand
Inconvenience
that
will
attend
the
non-advancement
of
Silver
,
viz.
That
the
making
our
Money
of
a
great
Weight
and
a
low
Value
,
will
mightily
obstruct
the
Sale
of
our
Manufactures
and
In-land
Commodities
,
both
to
our
Neighbours
abroad
,
and
amongst
our selves
at
home
.
For
as
to
our
Neighbours
,
if
our
Money
be
made
of
so
extraordinary
Goodness
,
they
will
(
as
I
said
before
)
choose
to
have
their
Returns
made
in
that
,
and
in
as
few
of
our
Goods
as
possible
.
Which
will
cause
our
Commodities
to
fall
very
much
on
our
hands
for
want
of
Buyers
.
In
the
mean
time
our
Neighbours
taking
as
much
Money
,
and
as
few
Goods
from
us
as
possible
,
will
thereby
(
together
with
the
concurrence
of
some
other
causes
mentioned
in
the
foregoing
Head
)
occasion
such
a
want
of
Money
,
as
will
mightily
obstruct
the
Vent
of
our
In-land
Commodities
,
even
among
our selves
,
and
so
very
much
prejudice
our
Domestick
as
well
as
Foreign
Commerce
.
For
a
great
scarcity
of
Money
will
oblige
Persons
to
retrench
their
usual
Expences
,
and
employ
their
Money
in
such
things
only
as
are
of
pure
Necessity
.
So
that
most
of
the
Trades
that
subsist
by
furnishing
things
for
the
Pleasure
and
Ornament
of
Humane
Life
(
of
which
kind
the
Greater
part
of
the
Trades
of
the
Nations
subsist
)
must
necessarily
droop
and
decline
;
for
Persons
not
having
Money
sufficient
to
gratifie
both
their
Necessities
and
their
Pleasures
,
will
be
obliged
to
baulk
the
latter
to
serve
the
former
,
or
at
least
to
disappoint
one
of
the
two
;
and
then
amongst
other
Commodities
,
that
will
fall
so
much
by
reason
of
the
Scarcity
of
Money
.
We
may
be
certain
that
Corn
,
Cattel
,
and
the
other
Products
of
Land
will
bear
a
Proportion
;
And
if
a
Tenant
cannot
make
so
much
of
the
Product
of
his
Farm
,
as
he
used
to
do
,
then
it
will
be
impossible
for
him
to
pay
his
Landlord
the
usual
Rent
:
So
that
all
the
Lands
and
Tenements
must
of
necessity
sink
,
considerably
below
their
present
yearly
Rents
:
Which
will
not
be
the
only
Diskindness
that
this
hopeful
Project
,
of
Reducing
the
Silver
to
so
low
a
Rate
as
5
s.
2
d.
per
Ounce
,
(
if
it
succeed
)
will
procure
to
the
Gentlemens
and
Landlords
Estates
in
England
.
For
this
low
Rate
of
Silver
causing
a
Scarcity
of
Money
,
and
this
Scarcity
of
Money
naturally
causing
the
Advancement
of
the
Interest
thereof
,
to
perhaps
double
the
present
Rate
,
and
the
Advancement
of
the
Interest
of
Money
will
certainly
lower
the
Purchase
of
Lands
by
several
Years
;
for
that
when
the
Increase
of
Money
was
high
,
Lands
yielded
but
a
few
Years
Purchase
.
But
on
the
contrary
,
When
the
Interest
of
Money
was
lowest
,
then
Lands
sold
for
the
most
Years
Purchase
;
as
will
be
evident
,
if
we
compare
the
Purchase
of
Lands
in
King
Henry
the
Eighth's
Time
,
when
Interest
of
Money
was
at
12
or
14
l.
per
Cent.
per
Annum
,
with
the
Purchase
of
the
same
Lands
now
,
when
Interest
is
not
above
a
third
part
of
what
it
was
at
that
time
:
It
being
always
observed
,
That
as
the
Price
of
Money
was
advanced
,
and
thereby
the
Species
increased
,
that
the
Interest
thereof
fell
and
grew
less
;
and
according
as
the
Interest
of
Money
fell
,
so
Land
advanced
several
years
Purchase
;
as
will
be
manifest
,
if
we
observe
how
much
the
Land
of
England
hath
been
improved
since
the
aforesaid
time
of
King
Henry
the
Eighth
,
when
Interest
of
Money
was
so
very
high
.
So
that
upon
the
whole
,
we
may
see
how
much
the
Gentlemen
and
Landlords
of
England
are
obliged
to
these
Persons
,
for
proposing
such
a
Method
of
Regulating
the
Coin
,
that
will
not
only
,
by
introducing
a
Scarcity
of
Money
,
cause
all
the
Products
,
and
consequently
the
yearly
Rents
of
Lands
,
to
fall
considerably
;
but
also
advance
the
Interest
of
Money
,
and
thereby
lower
the
Purchase
of
Lands
by
several
years
.
And
I
conceive
I
have
by
this
time
so
throughly
represented
the
fatal
Consequences
that
will
ensue
on
the
fixing
Silver
at
a
low
Rate
,
that
the
Impartial
Reader
by
this
time
cannot
but
be
sensible
,
how
destructive
that
course
would
be
to
the
Publick
Good.
I
should
now
(
as
I
proposed
)
enforce
my
Reasons
for
advancing
the
Price
of
Silver
,
by
representing
the
Advantages
that
would
accrue
to
the
Nation
by
doing
thereof
.
But
these
being
in
some
measure
handled
under
the
former
Head
,
when
I
enumerated
the
ill
Consequences
of
the
contrary
course
.
And
these
Advantages
of
raising
Silver
,
being
but
,
as
it
were
,
the
Reverse
of
,
and
directly
opposite
unto
the
Disadvantages
of
fixing
a
low
Value
thereon
.
The
good
Effects
of
the
one
,
are
best
seen
by
opposing
them
to
the
bad
ones
of
the
other
Method
,
which
I
shall
do
very
briefly
,
if
the
setting
a
low
Valuation
on
Silver
will
cause
,
that
it
will
pass
but
a
little
way
in
Payments
,
the
contrary
method
will
make
it
go
as
far
as
possible
.
If
the
former
be
such
a
Discouragement
to
the
bringing
in
of
Silver
to
be
coin'd
,
as
cuts
off
all
hopes
of
increasing
the
Quantity
of
our
Money
,
the
latter
affords
all
imaginable
Incouragement
both
to
the
Importation
of
it
into
the
Kingdom
,
and
to
the
carrying
it
into
the
Mint
to
be
coin'd
:
By
which
means
we
may
hope
to
have
as
great
a
Plenty
of
good
Money
,
as
ever
was
yet
in
the
Nation
.
Again
,
If
the
setting
too
low
a
Valuation
on
Silver
,
be
a
Temptation
to
convey
it
out
of
the
Kingdom
,
the
fixing
a
high
Rate
thereon
,
will
be
a
means
of
preserving
the
Coin
intire
and
unmelted
:
And
if
the
low
Rate
of
Silver
will
obstruct
the
Exportation
of
our
Commodities
,
because
our
Neighbours
will
choose
our
Money
before
our
Goods
:
On
the
contrary
,
The
advancing
Silver
to
a
pretty
high
Rate
,
will
induce
them
to
choose
our
Commodities
rather
than
our
Money
,
and
thereby
incourage
our
Trade
and
Manufactures
,
and
preserve
our
Money
in
the
Kingdom
to
manage
our
Inland
Trade
.
In
short
,
If
the
low
Rate
of
Silver
will
cause
such
a
Scarcity
of
Money
,
as
will
oblige
Persons
to
retrench
their
usual
pleasurable
Expences
,
and
thereby
occasion
the
Decay
of
a
great
many
Trades
depending
thereon
;
but
the
setting
a
high
Price
on
Silver
,
thereby
causing
a
Plenty
thereof
in
the
Nation
,
will
enable
Persons
to
spend
freely
to
the
Advantage
of
Trade
.
Again
,
If
the
one
will
produce
such
a
Scarcity
of
Silver
,
as
will
cause
all
Commodities
,
and
among
the
rest
,
all
the
Products
of
Land
to
fall
considerably
,
and
consequently
all
Lands
to
sink
something
in
their
yearly
Rent
.
The
other
,
on
the
contrary
,
by
advancing
Silver
,
would
keep
Commodities
up
at
such
a
tolerable
Price
,
as
would
preserve
the
present
yearly
Rent
of
Land.
Finally
,
If
fixing
Silver
at
a
low
Rate
,
will
cause
such
a
Scarcity
,
as
must
of
necessity
advance
the
Interest
of
Money
,
and
thereby
cause
Land
to
fall
several
years
Purchase
.
On
the
contrary
,
The
Advancement
of
Silver
,
causing
,
as
I
have
proved
,
a
Plenty
of
Money
,
which
Plenty
must
consequently
lower
the
Interest
thereof
.
And
the
Lessening
of
the
Interest
of
Money
,
will
,
as
Experience
evinces
,
advance
Land
several
years
Purchase
.
Having
,
as
I
Hope
,
sufficiently
evinced
the
Necessity
and
Advantage
of
raising
the
Price
of
Silver
,
I
come
now
to
fix
the
particular
Rate
,
to
which
I
humbly
conceive
it
is
requisite
to
be
advanced
,
which
,
with
the
Judicious
Mr.
Lowndes
(
who
seems
to
have
understood
this
matter
better
than
most
who
have
treated
of
it
besides
)
I
judge
to
be
one
fourth
part
above
the
present
Establishment
;
so
that
the
Ounce
of
Silver
must
consequently
be
raised
from
5
s.
2
d.
unto
6
s.
5
d.
½
per
Ounce
,
which
may
be
done
two
ways
,
either
by
Retaining
of
the
same
Weight
and
Fineness
as
before
,
with
the
addition
of
a
fourth
part
of
Extrinsick
Value
;
and
so
every
mill'd
Crown
must
be
ordered
to
pass
at
6
s.
3
d.
and
the
other
pieces
proportionable
.
The
other
Method
of
advancing
the
Silver
,
is
by
Coining
it
of
a
less
weight
than
before
,
but
still
affixing
the
same
Value
;
by
which
Regulation
,
the
Standard
of
one
of
the
new
Crown
pieces
to
pass
at
5
s.
will
consist
of
15
penny-weights
and
an
half
within
an
inconsiderable
Fraction
,
and
the
other
Pieces
proportionable
.
Both
which
methods
come
to
one
and
the
same
effect
;
only
if
it
shall
be
thought
fit
to
make
use
of
the
latter
method
of
diminishing
the
weight
,
but
retaining
the
extrinsick
value
.
Then
the
better
to
make
the
New
Crowns
answer
to
such
as
shall
be
left
of
the
old
Establishment
,
it
will
be
requisite
that
besides
Half
Crowns
,
there
should
be
also
Coined
Quarter
Crowns
,
or
pieces
of
15
d.
one
whereof
added
to
a
New
Crown
,
will
make
it
exactly
answer
the
Old
Mill'd
Crown
pieces
that
shall
remain
of
the
former
Standard
.
This
Rate
setled
on
our
Silver
Coins
,
will
soon
reduce
our
Gold
to
the
same
proportion
,
according
to
which
a
Guinea
is
worth
25
s.
at
which
rate
I
humbly
conceive
it
is
for
the
Publick
Interest
to
have
them
fix'd
by
Authority
.
And
moreover
to
prevent
the
extraordinary
Loss
that
will
fall
so
heavy
on
some
particular
persons
by
their
falling
5
s.
per
piece
,
viz.
from
30
s.
unto
25
s.
at
one
instant
,
as
they
are
like
to
do
if
left
to
take
their
course
;
I
judge
it
would
prevent
that
Inconvenience
,
if
the
Loss
that
will
ensue
upon
them
,
be
equally
born
by
the
Nation
,
which
may
be
effected
by
Ordering
them
to
fall
6
d
per
piece
ever
month
for
the
first
six
months
next
ensuing
the
date
of
an
Order
to
be
publish'd
for
that
effect
;
and
to
fall
4
d.
per
piece
every
month
for
the
next
six
months
,
to
commence
from
the
Expiration
of
the
first
six
months
;
and
all
Persons
shall
be
commanded
to
take
them
at
the
Rates
they
shall
be
currant
in
each
respective
month
,
under
the
Penalty
of
forfeiting
the
value
of
the
money
they
shall
so
refuse
:
And
all
other
Gold
Coins
to
fall
by
the
same
proportion
.
Whereby
in
12
months
time
we
should
have
our
Gold
Coin
reduced
to
their
true
value
,
with
a
Trouble
and
Loss
,
that
being
thus
divided
among
the
Nation
in
general
,
would
be
very
inconsiderable
,
and
almost
insensible
.
But
were
it
to
be
born
by
each
particular
person
,
would
very
much
impoverish
some
Families
,
whilst
the
rest
escape
Scot-free
;
for
all
persons
that
shall
be
thus
obliged
to
take
Guinea's
for
their
Goods
,
would
reimburse
themselves
in
some
measure
by
making
a
better
price
of
their
Commodities
,
and
be
likewise
in
hopes
of
paying
their
Guinea's
away
again
before
a
month
is
expired
:
So
as
I
am
perswaded
that
such
an
Ordinance
would
be
received
with
almost
an
Universal
Satisfaction
.
Thus
have
I
gone
through
the
First
and
indeed
Principal
Point
I
intended
in
this
Discourse
,
and
therefore
shall
be
more
brief
in
what
remains
.
The
Second
General
Head
I
proposed
to
enquire
into
,
is
,
By
whom
shall
the
Loss
that
will
ensue
on
the
Re-coining
the
Clipt
and
Counterfeit
Money
be
sustained
?
Unto
that
part
of
the
Query
that
relates
to
the
Clipt
Silver
Money
,
the
Resolution
of
Parliament
,
That
the
Loss
thereof
shall
be
made
good
by
the
Publick
,
is
a
sufficient
Reply
.
But
it
being
yet
undetermined
,
By
whom
the
Loss
occasion'd
by
the
Counterseit
Money
should
be
sustained
;
I
hope
I
may
be
permitted
to
communicate
my
Opinion
:
Which
is
,
That
the
Loss
thereof
be
born
,
one
part
by
the
Publick
,
and
the
other
by
the
several
Proprietors
,
in
the
sollowing
Proportion
,
viz.
That
for
all
such
Counterfeit-Money
as
hath
any
Mixture
or
Incorporation
of
Silver
in
it
,
and
is
not
intirely
Brass
,
Copper
,
Iron
,
or
some
such
Metal
,
the
Owner
shall
,
upon
their
carrying
it
into
the
Mint
,
be
allowed
for
so
much
as
the
said
Money
shall
weigh
,
after
the
rate
of
5
s.
per
Ounce
,
Troy-weight
,
to
be
paid
them
,
partly
out
of
such
Silver
as
shall
be
found
in
the
said
Money
that
is
Carried
in
,
after
the
Melting
and
Separation
thereof
,
and
the
residue
out
of
such
a
Tax
as
the
Parliament
shall
think
fit
to
lay
for
that
purpose
.
Until
which
Money
can
be
rais'd
,
they
shall
have
Notes
given
them
,
entitling
themselves
or
the
Bearers
thereof
unto
so
much
Sterling
Money
as
the
said
Counterfeit-Money
they
carried
in
amounted
unto
by
weight
,
at
5
s.
per
Ounce
,
to
be
paid
as
before
,
and
to
have
an
Allowance
of
5
per
Cent.
per
Ann.
for
the
said
Value
of
their
Counterfeit-Money
,
until
the
time
of
Payment
.
By
which
Method
the
Poorer
sort
of
People
,
in
whose
hands
great
part
of
the
Bad
Money
is
lodg'd
,
would
be
extremely
eas'd
,
and
with
no
great
burden
to
the
Nation
.
For
supposing
there
should
be
about
2500000
l.
Bad
Money
in
the
Kingdom
,
whereof
we
may
suppose
at
least
500000
l.
entirely
Brass
,
Copper
,
&c.
which
Loss
is
to
fall
wholly
on
the
Proprietors
.
And
the
Two
Millions
that
may
be
suppos'd
to
be
Mix'd
Metal
,
would
hardly
weigh
One
Million
;
the
Bad
Money
being
generally
less
and
lighter
than
the
Clipp'd
Silver
.
So
that
the
Loss
of
another
Million
at
least
will
by
the
lightness
of
the
Money
fall
also
on
the
Proprietor
.
So
that
the
Publick
will
only
have
the
Loss
of
about
a
Million
of
Pounds
Sterling
in
weight
,
or
about
Four
Millions
of
Ounces
of
mix'd
and
course
Silver
to
make
good
:
which
said
Metal
may
one
with
another
be
worth
about
3
s.
an
Ounce
,
according
to
the
advanc'd
Price
of
Silver
.
So
that
the
Loss
on
the
part
of
the
Publick
would
not
exceed
4
or
500000
l.
which
yet
would
be
a
great
Ease
to
the
Poor
,
who
must
otherwise
be
oblig'd
to
dispose
of
their
Bad
Money
at
unreasonable
low
rates
to
the
Goldsmiths
,
or
others
that
will
buy
it
of
them
.
And
I
think
there
can
be
hardly
be
any
good
reason
given
wherefore
the
Publick
should
sustain
the
loss
of
the
Clipt
Silver
:
which
will
not
be
of
equal
force
to
prove
that
the
Nation
is
as
much
obliged
to
sustain
at
least
some
part
of
the
loss
of
the
Counterfeit
Money
.
Which
shall
suffice
for
an
Answer
to
the
Second
General
Enquiry
,
By
whom
the
loss
of
the
Clipt
and
Counterfeit
Money
ought
to
be
sustain'd
.
The
Third
Head
I
propos'd
to
enquire
into
,
is
,
By
what
means
may
the
Mint
be
supplied
with
a
sufficient
quantity
of
Bullion
,
to
make
near
as
much
good
Money
in
Tale
,
as
there
is
at
this
time
of
Good
and
Bad
together
?
To
which
I
answer
briefly
in
general
,
That
the
only
effectual
means
of
accomplishing
this
,
is
what
I
have
already
so
strongly
urg'd
,
viz.
the
Advancement
of
the
Price
of
Silver
,
which
will
be
the
only
Encouragement
to
the
Importation
of
Silver
into
the
Kingdom
,
and
carrying
of
it
into
the
Mint
.
But
to
propose
some
more
particular
Means
of
effecting
this
,
I
would
humbly
advize
,
That
all
the
Gold
and
Silver
Plate
throughout
the
Kingdom
(
excepting
such
Quantities
and
sorts
of
each
as
shall
be
judg'd
fit
to
be
reserved
according
to
Persons
several
Degrees
and
Estates
,
be
order'd
to
be
brought
into
the
Mint
,
and
coin'd
into
Money
at
the
rate
of
6
s.
5
d.
½
.
per
Ounce
,
answerable
to
the
other
Silver
;
whereby
,
notwithstanding
the
Reservation
of
such
a
certain
Quantity
as
should
be
judg'd
fit
,
there
would
be
near
Two
Millions
of
good
Sterling
Mnney
added
to
the
Coin
of
the
Nation
,
without
oppressing
any
particular
Persons
,
who
can
have
no
cause
of
Complaint
,
when
they
are
allow'd
so
good
a
Price
for
their
Plate
:
Which
will
be
more
beneficial
to
the
Owners
,
as
well
as
the
Publick
,
after
it
is
coin'd
into
Money
,
than
it
was
before
,
when
it
serv'd
more
for
Ostentation
,
than
for
Use
.
I
am
come
at
length
to
the
Fourth
and
Last
General
Head
of
Enquiry
,
viz.
What
Methods
are
proper
to
be
made
use
of
to
prevent
the
stop
of
Commerce
,
during
the
Re-coinage
?
To
which
I
will
make
as
brief
and
satisfactory
an
Answer
as
I
can
in
the
following
Particulars
.
1.
That
it
will
be
requisite
that
all
the
Mill'd
and
Unclipt
Money
that
is
remaining
,
be
immediately
order'd
to
pass
,
the
Crown-piece
at
6
s.
3
d.
and
the
other
Pieces
proportionably
,
the
propos'd
Advancement
of
Silver
one
fourth
part
above
the
present
Value
.
2.
That
the
Price
of
Guinea's
ought
to
be
fix'd
,
and
they
ordered
to
fall
gradually
so
much
per
Mensem
,
as
was
before
proposed
,
that
Persons
may
not
,
by
the
uncertainty
of
their
Price
,
be
deterred
from
accepting
them
in
Payment
.
3.
That
the
clipp'd
Silver
shall
be
carried
in
to
be
Recoined
;
There
shall
be
Notes
,
given
out
,
intituling
the
Bearer
,
to
the
Value
of
so
much
clipp'd
Silver
as
he
carried
in
,
to
be
paid
in
mill'd
Money
as
soon
as
coin'd
,
with
Interest
at
5
per
Cent.
per
Annum
,
until
the
respective
Bills
shall
come
to
their
course
of
being
paid
.
And
these
Notes
shall
be
order'd
to
pass
in
Payments
as
Money
,
and
made
transferrable
from
one
Person
to
another
,
the
Bearer
being
entituled
to
the
Receipt
of
the
Money
when
it
'
comes
due
.
And
these
Notes
,
by
reason
of
the
5
per
Cent.
annex'd
to
them
,
will
be
judg'd
preferable
to
any
Goldsmith's
or
Bank
Bills
;
which
,
together
with
the
remainder
of
the
mill'd
and
unclipt
Money
,
which
upon
the
Advancement
of
the
Value
would
presently
come
abroad
;
and
will
with
the
assistance
of
the
Gold
,
so
well
supply
the
place
of
our
Clipt
and
Counterfeit
Money
,
that
we
need
not
apprehend
any
considerable
Stop
of
Commerce
during
the
Re-coinage
.
Thus
have
I
,
with
what
Brevity
and
Perspicuity
I
could
,
communicated
my
Thoughts
on
these
Four
Important
Points
,
which
,
I
think
,
do
include
all
that
is
most
material
to
be
said
in
relation
to
the
Reformation
of
the
Coin.
FINIS
.