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book_n king_n read_v word_n 2,471 5 4.0470 3 true
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ID Title Author Corrected Date of Publication (TCP Date of Publication) STC Words Pages
A48882 Further considerations concerning raising the value of money wherein Mr. Lowndes's arguments for it in his late Report concerning an essay for the amendment of the silver coins, are particularly examined. Locke, John, 1632-1704. 1695 (1695) Wing L2745; ESTC R23043 55,764 130

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that_o in_o past_a age_n have_v be_v practise_v not_o only_o in_o our_o mint_n but_o in_o the_o mint_n of_o all_o politic_a government_n namely_o to_o raise_v the_o value_n of_o silver_n in_o the_o coin_n to_o promote_v the_o work_n of_o the_o mint_n as_o i_o remember_v suitable_a to_o this_o policy_n of_o the_o mint_n there_o be_v some_o two_o year_n since_o a_o complaint_n of_o a_o worthy_a gentleman_n not_o ignorant_a of_o it_o that_o the_o mill_n in_o the_o mint_n stand_v still_o and_o therefore_o there_o be_v a_o proposal_n offer_v for_o bring_v grist_n to_o the_o mill._n the_o business_n of_o money_n as_o in_o all_o time_n even_o in_o this_o our_o quick-sighted_a age_n have_v be_v think_v a_o mystery_n those_o employ_v in_o the_o mint_n must_v by_o their_o place_n be_v suppose_v to_o penetrate_v deep_a into_o it_o it_o be_v no_o impossible_a thing_n then_o to_o imagine_v that_o it_o be_v not_o hard_a in_o the_o ignorance_n of_o past_a age_n when_o money_n be_v little_a and_o skill_n in_o the_o turn_v of_o trade_n less_o for_o those_o verse_v in_o the_o business_n and_o policy_n of_o the_o mint_n to_o persuade_v a_o prince_n especial_o if_o money_n be_v scarce_o that_o the_o fault_n be_v in_o the_o standard_n of_o the_o mint_n and_o that_o the_o way_n to_o increase_v the_o plenty_n of_o money_n be_v to_o raise_v a_o well_o sound_a word_n the_o value_n of_o the_o coin_n this_o can_v not_o but_o be_v willing_o enough_o hearken_v to_o when_o beside_o the_o hope_n of_o draw_v a_o increase_n of_o silver_n into_o the_o realm_n it_o bring_v present_a gain_n by_o the_o part_n which_o the_o king_n get_v of_o the_o money_n which_o be_v hereupon_o all_o coin_v anew_o and_o the_o mint_n officer_n lose_v nothing_o since_o it_o promote_v the_o work_n of_o the_o mint_n this_o opinion_n mr._n lowndes_n himself_o give_v sufficient_a ground_n for_o in_o his_o book_n particular_o p._n 29._o where_o we_o read_v these_o word_n although_o the_o former_a debasement_n of_o the_o coin_n by_o public_a authority_n especial_o those_o in_o the_o reign_n of_o king_n henry_n viii_o and_o king_n edward_n vi._n may_v be_v project_v for_o the_o profit_n of_o the_o crown_n and_o the_o projector_n may_v measure_v that_o profit_n by_o the_o excessive_a quantity_n of_o alloy_n that_o be_v mix_v with_o the_o silver_n and_o the_o gold_n and_o let_v i_o add_v or_o by_o the_o quantity_n of_o silver_n lessen_v in_o each_o species_n which_o be_v the_o same_o thing_n and_o though_o this_o be_v enterprise_v by_o a_o prince_n who_o can_v stretch_v his_o prerogative_n very_o far_o upon_o his_o people_n and_o be_v do_v in_o time_n when_o the_o nation_n have_v very_o little_a commerce_n inland_a or_o foreign_a to_o be_v injure_v and_o prejudice_v thereby_o yet_o experience_v present_o show_v that_o the_o projector_n be_v mistake_v and_o that_o it_o be_v absolute_o necessary_a to_o have_v the_o base_a money_n reform_v this_o at_o least_o they_o be_v not_o mistake_v in_o that_o they_o bring_v work_n to_o the_o mint_n and_o a_o part_n of_o the_o money_n coin_v to_o the_o crown_n for_o seigniorage_n in_o both_o which_o there_o be_v profit_n mr._n lowndes_n tell_v we_o p._n 44._o that_o henry_n viii_o have_v to_o the_o value_n of_o fifty_o shilling_n for_o every_o pound_n weight_n of_o gold_n coin_v i_o have_v meet_v with_o it_o somewhere_o that_o former_o the_o king_n may_v take_v what_o he_o please_v for_o coinage_n i_o know_v not_o too_o but_o the_o flatter_a name_n of_o raise_v money_n may_v prevail_v then_o as_o it_o do_v now_o and_o impose_v so_o far_o on_o they_o as_o to_o make_v they_o think_v the_o raise_n i._n e._n diminish_v the_o silver_n in_o their_o coin_n will_v bring_v it_o into_o the_o realm_n or_o stay_v it_o here_o when_o they_o find_v it_o go_v out_o for_o if_o we_o may_v guess_v at_o the_o other_o by_z henry_n viii_n raise_v it_o be_v probable_o when_o by_o reason_n of_o expense_n in_o foreign_a war_n or_o ill_o manage_v trade_n they_o find_v 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future_a half_a testoon_n go_v for_o seven_o penny_n halfpenny_n the_o quarter_n testoon_n which_o be_v to_o go_v for_o three_o penny_n three_o farthing_n and_o the_o gross_a and_o groat_n which_o be_v to_o go_v for_o five_o penny_n the_o half_a gross_a or_o groat_n which_o be_v to_o go_v for_o two_o penny_n half_a penny_n and_o the_o prime_n which_o be_v to_o go_v for_o a_o penny_n farthing_n out_o of_o any_o tale_n of_o each_o of_o which_o species_n there_o can_v no_o just_a number_n of_o shilling_n be_v make_v as_o i_o think_v but_o five_o shilling_n ten_o shilling_n fifteen_o shilling_n and_o twenty_o shilling_n but_o they_o always_o fall_v into_o fraction_n the_o new_a intend_a shilling_n alone_o seem_v to_o be_v suit_v to_o our_o account_v in_o pound_n