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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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each County each County having a Different Seal and the Clerks of the Post and Market-Towns of the same County having like Seals with the Clerks of the same County in the Grand Chambers of London to be kept by them with Numbers in their Books of All Returns from Place to Place with the Indentures I suppose it may make it easy to be Adjusted on all sides And the Directors of the Grand-Chambers in London may with ease Inspect All the Returns which shall be made by the Country Chambers 2 dly I Presume no Person Questions the Numbers of Souls supposed to be in England Wales c. but rather that they may be more taking Infants to be included in the same All which help in the Consumption of Goods that shall be bought and sold and Transferred from place to place throughout the Kingdom 3 dly and 4 dly ALL Dealers in any Town Carriers Haglers c. are to be Prohibited Travelling the Road with Money more than will defray their Travelling Charges as I intimated in my first Paragraph except such petty Chapmen who shall Travel the Country thirty or forty Miles round in order to buy up Goods as Wooll c. buying two or Three Todd in one place and three or four in another where they can meet with them For it is not to be imagined such Chapmen as these shall have their Moneys remitted by reason of the great uncertainty in what place they shall buy their Goods But my meaning is That such Persons who bring their Goods to a Certain Town or Market selling them for considerable Sums and such Persons who shall carry their moneys to a Market or Fair to Buy with As for Example A Person living at Exeter or any other place hearing of a parcel of Wooll to be sold at Northampton or any other place Cross the Country though far remote The said Party paying the moneys he intends to lay out into the Chamber of the Town aforesaid the Clerk of that Chamber sending up the Advice-Indenture to the proper Clark of the said County He shall Remit the moneys to the Chamber of the said Town with as much Expedition as the Post can make And in like manner may all Gentlemens Rents or moneys for Portions and Purchases be Transmitted throughout the Kingdom AND what shall be wanting in the Country Chambers let care be taken by the Chief Chambers in London to send down with all imaginable speed and so having a due Correspondence each with the other they may easily perceive what stock each and every Chamber in the Country hath by them so that by returning New Monies for Old they may keep an exact Ballance on all occasions in all places and at all times throughout the Kingdom during the time our Old Money shall be Re-Coining or longer if it shall be so approved on and thought requisite by which means each Town may have a Bank of money by them which as I conceive will be no small Increase of Riches throughout the Kingdom causing all Manufactories to flourish much more than hitherto they have done the failure of which is thought to be for want of monies among them which has occasioned many Country People to try their Fortunes in London where money is more plenty which hath much depopulated the Country thereby damnifying very much both Gentlemens Estates and done great injury to all manufacturies FURTHER There are several Principal Towns and places of Trade as Exeter Norwich Colchester Hull Leeds c. wherein the Goods are bought by the Inhabitants of the said places and there vended which monies with the Kings Revenues being paid into the Bank of the said places must inevitably be equivolent to the manufuctures made in the said Towns and vended else-where For suppose each of those do vend and make great quantities of Woollen manufacturies being the Staple Commodities of the Kingdom the more they make the better being the greater number of People must be imployed therein And we find by experience That by the Wisdom and Providence of God Noblemen Gentlemen Shopkeepers Merchants c. are so promiscuously inter mixed in Towns and Villages among Handicrafts being subservient one to another as different members of one and the same body and supposing there are Twenty or Thirty Thousand Souls in each Town or place These must all be Fed and Cloathed with all things according to their several Ranks and Qualities and by consequence must Trade in Linnen Woollen Silk c and in all Grocery Wares Wine Oyl Tobacco Iron Lead Tin Copper Glass c. and in all sorts of Grain Cattle Fruits Dyes and Druggs without which no place can well subsist Now let the Traders of the said Towns and Villages nigh adjacent pay into the Banks of the said places all the monies they shall receive for the Goods vended by them The prime cost of all such Goods consumed together with the Money Collected for Excise the Land Tax and Customs being paid into the next Chamber or Bank in or nigh the place must make a sufficient Fund of Monies in all the Banks of each County Town or City to answer all Goods and Manufactories that shall come out of the Countries being the prime Cost of materials are allowed for But if any Merchant or Dealer suppose the Manufactures made in the Countries and sent abroad are of greater value than the prime Cost of Goods that are bought and consumed in the Countrys I beg to know how it happens That such Town or Country has not gain'd the greatest part of the Kingdoms Wealth which if any person satisfies me in I shall look upon all my pains and serious thoughts about this Project to be vain imaginations and shall desist further to urge it AND further I conceive it will be the interest of all Country Gentlemen and Traders to lodge what Moneys they can spare from their immediate occasions in such Chambers of Strength and Security so set apart by the Chief Burghers of each Town where it may remain in order to have it Exchanged in its turn for New with their security for the same to be forth coming upon demand And so soon as the KING's Money shall be paid into any of the said Chambers in the Country it may be drawn off here from the Chief Chambers in London at the pleasure of the Lords of the Treasury I have been the more prolix in order to explain and rationally to prove my Propositions laid down in the Third and Fourth Paragraph which I hope will be rightly understood 5thly WHEREAS at the Common rate of Coinage it may be some Years before All the abused Cash of the Kingdom may be Re-Coined It makes me suppose that Forty thousand pounds will be a sufficient Fund to carry on this Work But if this Honourable House thinks fit to have it done with more speed it will be a sufficient Fund for a Credit to carry on the Work more expeditiously which I humbly conceive