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A27256 To the Honourable the Commons of England assembled in Parliament proposals humbly offered to raise five hundred thousand pounds per annum, to make good the adulterated and defaced coin of this kingdom without hurting the subject, by drawing it from all parts of the kingdom, dominion of Wales, &c. ... Beeckman, Daniel. 1695 (1695) Wing B1688; ESTC R19599 9,854 18

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useful and staple Commodities as are in any parts of the world viz. Wool Lead Tin Leather Shoes Boots Stockings and many more too large to enumerate And being neither Bullion nor Coin can be eat drank or wore why should these Commodities he sent abroad I presume the Army may be maintained with considerable Advantage to the Nation if duely weighed and inspected into increasing a great Trade and benefit to our Handicrafts of all sorts and thereby keeping them in full employ which would lessen the price of all such goods in general AND should so many Goods be bought up as would amount to the Sum fixed on by this Honourable House for the maintenance of the Army abroad they may procure a Credit in Holland or Flanders or in any City or great Town in those parts where such Goods shall be consumed being bought here at much easier rates than they can be afforded at in those parts FOR I find by Bills of Entry in the Custom-House That great Quantities of such Goods are sent to Holland and other parts adjoyning which must either by consumed in those places to which they are consign'd or else they are sent from thence to other parts remote THEREFORE should Factors be employed in England Scotland Ireland c. to Buy up such Goods And likewise Factors placed in Holland Flanders c. to whom they should be consign'd for the KING's use they may be sold with advantage to raise Moneys sufficient to pay the Army in those parts AND should not the said Factors be able to vend so many as to supply the KING's occasions in paying his Army yet the said Goods may be a sufficient Fund to borrow Monies on either from the States of Holland or from the Burghers of Cities or great Towns in those parts at Three Pounds per Cent. which Monies so borrowed may be re-paid as often as such Goods shall be vended NOW supposing the Kingdom pays but Eight Pounds per Cent. in the return of Coin by this means Five Pounds per Cent. will be saved to the Nation should such Goods be sold only for the prime Cost which will cause a great Consumption of our Commodities and keep our Coin and Bullion at Home and it may highly discourage the common Enemy when it shall appear we make an Advantage in Trade by the War in vending our Commodities and preventing the Exportation of our Coin and Bullion AND when the Re-Coining of the Monies shall be compleated Bullion may be permitted to rise and fall as at other times not exceeding the Money Coined by which means it will prevent the melting down of Cash by Work-men and the Exporting it into other Nations which will lower the Interest of Monies more effectually than any Bank whatsoever can do NOW my Proposals being no further intended than for the Service and Benefit of the Kingdom in general by a Method of raising 500000 l. per Annum without laying a Tax upon the Subject and procuring them ready Monies to be paid upon all occasions in any part of the Kingdom As also the saving of Monies in returning the KING's Tax and by how much ready Money in all Payments will be better and fairer in Dealings I humbly submit the consideration thereof to the great Wisdom of this Honourable House who may Order the KING's Money to be paid in such Methods as before Proposed which as I humbly conceive may Answer such Good Ends. These Proposals I intended to have presented to the last Session of Parliament but could not compleat them before the Prorogation FINIS Imprimis * For if any person shall adventure to Travel with Sums of Mony after having such Conveniencies provided for their so Safe and Easy ways of Remittances I Judge the Countryought not to be Liable to make good their Mome●●s Lost by Robberies after such Bold and Daring adventures † My meaning is that all the Cash in General shall be Exchanged for New excepting such as shall appear to be Brass or Copper being the Profits arising from the Chambers will hear it for should it be otherwise Managed it may prove a Fatal consequence in almost Starving if not entirely Undoing a great Number of Poor Families throughout the Kingdom and it may prove a cause of great Desorders the greatest part of the Coin now going abroad is so generally Bad. * Which will occasion the Paying in of the Kings Revenues into the Exchequer with more Expedition by the Sub-Collectors being the first Charge laid upon the Moneys given His Majesty which will save the Government 100000 l. per Annum so much more being now paid for Collection going through so many Hands † I presume by modest Computation it will add a Third part more to the Incomes of the same * For I clearly conceive both City and Country will Improve and Encourage such an Establishment as shall make Moneys Circulate upon all Occasions to their great advantage † This will be a certain Fund for Credit and not a Bank of Credit as the Bank of England is from which I humbly conceive it will in no wife disoblige those Gentlemen concerned in that Bank already Established For I really Imagine that should not this Honourable House approve of my Proposals herein yet my Labour will not be lost in furthering the Advantages of that so well Methodiz'd Bank * Which Bullion may be Converted into Coin for His Majesty's present Occasion and the Profits arising by those Chambers may be sufficient to carry on the Work of Re-Coyning the Abused Cash of the Kingdom Numb 1. Check Do no wrong to any Man Numb 1. Numb 1.