







 
   
     
       
         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
        
      
       Approx. 42 KB of XML-encoded text transcribed from 13 1-bit group-IV TIFF page images.
       
         Text Creation Partnership,
         Ann Arbor, MI ; Oxford (UK) :
         2007-10 (EEBO-TCP Phase 1).
         A39901
         Wing F1471
         ESTC R4545
         12415514
         ocm 12415514
         61632
         
           
            This keyboarded and encoded edition of the work described above is co-owned by the institutions providing financial support to the Early English Books Online Text Creation Partnership. This Phase I text is available for reuse, according to the terms of
             Creative Commons 0 1.0 Universal
            . The text can be copied, modified, distributed and performed, even for commercial purposes, all without asking permission.
          
        
      
       
         Early English books online.
      
       
         (EEBO-TCP ; phase 1, no. A39901)
         Transcribed from: (Early English Books Online ; image set 61632)
         Images scanned from microfilm: (Early English books, 1641-1700 ; 277:2)
      
       
         
           
             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.
          
        
      
    
     
       
         Created by converting TCP files to TEI P5 using tcp2tei.xsl, TEI @ Oxford.
         Re-processed by University of Nebraska-Lincoln and Northwestern, with changes to facilitate morpho-syntactic tagging. Gap elements of known extent have been transformed into placeholder characters or elements to simplify the filling in of gaps by user contributors.
      
       
         EEBO-TCP is a partnership between the Universities of Michigan and Oxford and the publisher ProQuest to create accurately transcribed and encoded texts based on the image sets published by ProQuest via their Early English Books Online (EEBO) database (http://eebo.chadwyck.com). The general aim of EEBO-TCP is to encode one copy (usually the first edition) of every monographic English-language title published between 1473 and 1700 available in EEBO.
         EEBO-TCP aimed to produce large quantities of textual data within the usual project restraints of time and funding, and therefore chose to create diplomatic transcriptions (as opposed to critical editions) with light-touch, mainly structural encoding based on the Text Encoding Initiative (http://www.tei-c.org).
         The EEBO-TCP project was divided into two phases. The 25,363 texts created during Phase 1 of the project have been released into the public domain as of 1 January 2015. Anyone can now take and use these texts for their own purposes, but we respectfully request that due credit and attribution is given to their original source.
         Users should be aware of the process of creating the TCP texts, and therefore of any assumptions that can be made about the data.
         Text selection was based on the New Cambridge Bibliography of English Literature (NCBEL). If an author (or for an anonymous work, the title) appears in NCBEL, then their works are eligible for inclusion. Selection was intended to range over a wide variety of subject areas, to reflect the true nature of the print record of the period. In general, first editions of a works in English were prioritized, although there are a number of works in other languages, notably Latin and Welsh, included and sometimes a second or later edition of a work was chosen if there was a compelling reason to do so.
         Image sets were sent to external keying companies for transcription and basic encoding. Quality assurance was then carried out by editorial teams in Oxford and Michigan. 5% (or 5 pages, whichever is the greater) of each text was proofread for accuracy and those which did not meet QA standards were returned to the keyers to be redone. After proofreading, the encoding was enhanced and/or corrected and characters marked as illegible were corrected where possible up to a limit of 100 instances per text. Any remaining illegibles were encoded as <gap>s. Understanding these processes should make clear that, while the overall quality of TCP data is very good, some errors will remain and some readable characters will be marked as illegible. Users should bear in mind that in all likelihood such instances will never have been looked at by a TCP editor.
         The texts were encoded and linked to page images in accordance with level 4 of the TEI in Libraries guidelines.
         Copies of the texts have been issued variously as SGML (TCP schema; ASCII text with mnemonic sdata character entities); displayable XML (TCP schema; characters represented either as UTF-8 Unicode or text strings within braces); or lossless XML (TEI P5, characters represented either as UTF-8 Unicode or TEI g elements).
         
          Keying and markup guidelines are available at the
           Text Creation Partnership web site
          .
        
      
       
         
         
      
    
     
       
         eng
      
       
         
           Money -- Great Britain.
           Coinage -- Great Britain.
        
      
    
     
        2006-12 TCP
        Assigned for keying and markup
      
        2006-12 Apex CoVantage
        Keyed and coded from ProQuest page images
      
        2007-01 Jonathan Blaney
        Sampled and proofread
      
        2007-01 Jonathan Blaney
        Text and markup reviewed and edited
      
        2007-02 pfs
        Batch review (QC) and XML conversion
      
    
  
   
     
       
         
         
         
           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
           .
        
         
      
    
     
  

