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ID Title Author Corrected Date of Publication (TCP Date of Publication) STC Words Pages
A39736 A sermon against clipping, preach'd before the Right Honourable the Lord Mayor and court of aldermen, at Guild-Hall Chappel, on Decemb. 16. 1694 by W. Fleetwood. Fleetwood, William, 1656-1723. 1694 (1694) Wing F1248; ESTC R5389 14,722 37

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intrinsick worth of every Piece and tell Men that they there receive so much Silver and of such a fineness and that that Image warrants it And for this cause it has been always highly Penal to Counterfeit the Publick Stamp and to Coin Money tho' of equal Weight and Goodness with the King 's Not that any great evil is hereby done to any Man but that if this were indulg'd to private People the World would fall again into distrust and fear into suspicion and uncertainty about their Money and return anew to weighing and trying all they took This is the short Account and History of Money Necessity which grows continually and will do so to the World's end first introduc'd the use of it and it could not be useful but by being the common Standard and Measure of the Price and Worth of every thing besides and it could not be this but by being of such a certain and determined Weight and Fineness and of this we could not be secure without much Pains and Trouble but by entrusting the Coinage of it to Kings and such as they Commissionate and Appoint to see that the Commonwealth receive no dammage II. We are now in the Second Place to see the Mischiefs of corrupting and debasing Money the Coining bad Metal and the Clipping and Stealing from good The Coining even of good Metal and full Weight is we have seen above of ill Example and of ill Consequence when done by Private People and without Authority because it lays the way open to Deceit and Fraud and takes away the Trust and Security Men have in the Princes faithful and honest dealing with them and brings them again to a state of jealousie and caution each of one another But to be sure the Coining of bad Metal must be mischievous Just so much Mischief and Injury must needs be done to every individual Man that takes it as there is wanting of the usual Weight and Fineness in each single Piece Suppose for instance Men should mix one third of baser Metal with their Silver and put it off for good and true and such as it pretends to be 't is manifest that every one receiving such a Piece would be impos'd upon and lose one third of what he ought to have For the Publick Faith engages that every Man receiving a Piece of such a Mark and Denomination shall receive in it so much Silver and of such a Fineness and here a Man receives but Twenty Pence for Half a Crown whose Stamp proclaims it is to go for Thirty The Case indeed is not so well as I put it for they who Coin false Money give us neither a fifth nor sixth part of good Silver and all that is wanting is so much Cheat and real Injury So that that impudent Demand of Who is hereby Wronged can find no Place for every one is wronged that takes this Money and every one is actually a loser more or less by reason it quickly stops and is not currant Here every body sees and feels the Injury and if it falls upon the Poor and Labouring Man he loses it may be his Day 's Work and the Family its Subsistence and Provision But I put the Case so fair that I may not multiply particulars but join the Clipping of good Money with the Coining of bad and mixing baser Metal with Silver For if Half a Crown be Clip'd to Twenty Pence it is equal to Half a Crown not Clip'd that has but Twenty Pence of Silver in it And the Injury to Private People is the same and therefore I consider them as one and the same Offence in that they both alike defraud the Receiver of what is his due for there the Injustice lies that is the Sin at the bottom there is so much stollen from every Man as there is less given him than he should receive And this administers occasion to People either Strangers or Natives to Cheat us even with true Silver for they may secretly Coin us as 't is probable they do a great deal of true Silver but not of full Weight and putting it off under the shelter of Clip'd Money do gain thereby at least one third Now no one gains but what another loses in such Bargains By this the Foreigners that are but dextrous and will venture have opportunity of purchasing what Commodities they please and paying us with little Money for which they must otherwise were there no Money Clip'd give us good Silver and full Weight either of theirs or our own Coin Thus Clipping lays us open to the Cheats and Injuries of all the World as well as of our own People I do not say that Strangers do but that they may improve the Villany and Injustice of our own Clippers to their own advantage and to our farther Mischief and 't is a wonder if they do not For it is not very likely that one Nation should raise the value of its Money above its true intrinsick worth which is indeed its Weight and Fineness but that its Neighbours will have some advantage by it by Importing Money of the like Weight with that which goes Currant Now the passing of Money Clip'd for Money of just Weight is in effect and truth raising our Money and making that to go for Thirty Pence which is indeed but worth Twenty And therefore there is at least some hazard of Foreigners Coining and Importing Money of equal Weight and Fineness with our own which cannot possibly be done without our great prejudice Now this could never come to pass without our Clipping for that alone it is that gives them opportunity that is the handle they may take their hold of And if we do not see Money of this kind pass commonly about it is no Argument that there is none Imported from abroad nor Coin'd at home for a little Art is sufficient they say to cover that deceit and make it pass for old Well but the Money passes still for good and currant Coin and where is then the Mischief a little Shilling buys as much as a great one and the Name and Character of Pieces are as good a Standard and Measure of the Price and Worth of all things else as if they were full Weight and answered to their Name and Character and therefore where is the Offence and Injury who is hereby wronged This indeed is the last resort of all the Patrons of this Practice the Refuge to which the Guilty fly themselves and the consideration that stirs the Peoples pitty at their Sufferings they think that hereby none is Injur'd but this is a mistake for every one is Injur'd more or less by Clipping The Merchant that Exports more Goods from home than he Imports from abroad must unavoidably discharge the over-ballance with good Money this he can never do with Clip'd for it is not Caesar's Face and Titles but Weight and Goodness that procure Credit And if a Foreigner Import more of his Country Goods than he carries away of ours the