Selected quad for the lemma: cause_n

Word A	Word B	Word C	Word D	Occurrence	Frequency Band	MI	MI Band	Prominent
cause_n	good_a	reason_n	see_v	3,316	5	3.1434	3	true

Text snippets containing the quad

ID	Title	Author	Corrected Date of Publication (TCP Date of Publication)	STC	Words	Pages
A31622	A fund for supplying and preserving our coin, or, An essay on the project of new-coining our silver	Chamberlen, Hugh.	1695 (1695)	Wing C1874; ESTC R3961	9,636	18

A FUND For Supplying and Preserving Our COIN OR An Essay on the Project of New-Coining our SILVER WHen I had read the REPORT c. and considered the Author's Pains and the Search he had made and thereby brought to light the state of our Coin for many Ages I could not but approve his Industry and Care in this so great a Concern as our Nation hath of late labour'd under And therefore gave my self diligently to consider what weight might be in those that oppose his Reasons And to examine the force of their Arguments it may not be improper to reduce them to a few Heads wherein I hope to Contract the Substance of their several strongest Allegations at least so far as may be worth notice And I shall begin with theirs who say 1. The Alteration of our Coin to be less in Weight than heretofore will be of no Advantage to us 2. Our Money will then purchase no more of Inland or Forreign Commodities than before because Wares will rise proportionable to the advance in Money so that Silver by the Ounce will buy no more Goods than it did before 3. The Exchange they say will always follow our state of the Coin be it Better or Worse 4. 'T will have no influence to make Coin'd or Vncoin'd Silver more plenty among us 5. The Ballance of Trade sometimes requires that Bullion either Coin'd or Vncoin'd must be sent out of the Nation and when it comes abroad they 'll put no more Value on it than before 6. All Bargainers will be Cheated in receiving less than their Agreements as Landlords less Rents Merchants less Silver in payment and the King less Taxes 7. That Forreigner's that have Lent to the Crown will have less by receiving Smaller Money and thereby be discourag'd from Lending again 8. That all these together will Ruin us And in order to plenary Satisfaction to all Unbyassed Persons I shall endeavour to Answer them one by one 1. 'T is Alledged The Alteration of our Coin to be less in Weight than heretofore will be of no Advantage to us I humbly propose it will for as we have cause to believe former Ages saw good Reasons from time to time to lighten our Coin from 20 s. 3 d. for the Pound Troy-weight to 3 l. 2 s. so I hope to demonstrate our Governours now have cause if they New-Coin the Money to lighten it yet once more from 3 l. 2 s. the Pound Troy-weight to about 3 l. 18 s. or 4 l. especially if it shall be consider'd that if it be now Coin'd at the said Rate of 4 l. to a Pound Troy-weight it is but to continue it about its present state whereas it must be granted that to New-Coin it at the old weight is to make an Alteration and that at a time very unfit when the Nation is in an Expensive War and when Forreigners have great Estates here which they want to carry Home 2. But say they If our Money be New-Coin'd lighter 't will purchase no more Inland or Forreign Commodities than before because Wares do and will rise proportionable to the Advance in Money so that Silver by the Ounce will buy no more than it did before I Answer that Position is not always true nor is it the only Reason of our present Advance on Goods but 't is complicated with other Causes as the Losses of great quantities of Goods by the War especially homewards whereby those Goods that are left Sell quick and would have Sold quick had the state of our Money remain'd as formerly for may it not be well-acknowledged what great Rates even as great as now Goods Sold at in a former War viz. about Anno 1667 And yet the Money was then almost twice as heavy as now And tho' we should make it heavy again yet it may most reasonably be judged Forreign Goods will Sell quick and high while Trade is liable to the Obstructions and Hazards of War But should the making our Coin heavier thereby make our own Commodities Cheaper I hope there 's none but will grant that were then England's great Disadvantage 3. Again They say the Exchange will always follow our state of the Coin be it Better or Worse But that I deny for this Age hath furnisht us with Experience to the contrary and that when our Coin was weighty the Exchange sometimes varied heretofore greatly upon great Emergencies of State and Trade as well as now and yet it was then esteem'd no Cause of altering our Money nor was the Exchange so much alter'd this time Twelve-month tho' our Money was then near as Bad as now and worse than it would be were it New-Coin'd at a quarter or third part less in weight than the old Standard Besides they argue to our Loss who say The Exchange will rise in proportion to our New-Coining the Money if we make it of the old weight And to shew they propose our Loss let 's draw their Argument into a Demonstration Suppose by their Rule our Pound Sterling should again be made near Four Ounces then the Exchange will rise to 35s Flemish per Pound Sterling First I say How can they tell that Yet for the present let 's grant it and then we shall see that One Ounce weight of our Silver purchaseth 8 s. 9 d. Flemish and Four Ounces at 8 s. 9 d. Flemish per Pound Sterling is 35 s. Flemish Which I hope is thus demonstrable to be vastly our Prejudice for our present state of the Coin and Exchange is 30 per Cent. better because now our Pound Sterling while it weighs but about Two Ounces and a half is worth about 28 s. 4 d. Flemish whereby we have 11 s. 4 d. per Ounce weight of Silver so that the Change they would have us make by their own Rule is visibly 30 per Cent. Loss to England as you may see by Substracting the Purchase of One Ounce of Silver in Flemish Money at their Rate which is 8 s. 9 d. from the present Course which is 11 s. 4 d. the difference whereof is 2 s. 7 d. and that is about 30 per Cent. So that if the Subject hath occasion then to remit 1000 l. of New-Money of Four Ounces to the Pound at 35 s. Flemish he will lose 300 l. by it of what he would do to remit 1000 l. of our present Money at our present Exchange of 28 s. 4 d. And if the King were to remit Three Millions in Pound Sterling of Four Ounces at 35 s. Flemish per Pound he would lose near a Million by it of what he would do at the present Exchange by the aforesaid Demonstration Their Fourth Mistake is 'T will have no influence to make Coin'd or Vncoin'd Silver more plenty amongst us and they give some Reasons for it as they think but they go but a little way They say indeed If the Silver be Coin'd a quarter or third part less Commodities will rise proportionable so that I shall then Buy no