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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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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 LONDON Printed for A. and I. Churchil at the Black Swan in Pater-Noster-Row MDCXCV TO THE Right Honorable S r Iohn Sommers Kt. Lord Keeper of the Great Seal of England and one of His Majesties most Honorable Privy Council MY LORD THE Papers I here present your Lordship are in Substance the same with one which I delivered to you in Obedience to the Commands I received by your Lordship from their Excellencies the Lords Justices and with another which I writ in Answer to some Questions your Lordship was pleased to propose to me concerning our Coin The Approbation your Lordship was pleased to give them then has been an Encouragement to me to revise them now and put them in an Order fitter to comply with their Desires who will needs have me print something at this time on this Subject And could any thing of this Nature be received with Indifferency in this Age the Allowance they have had from your Lordship whose great and clear Judgment is with general Consent and Applause acknowledged to be the just Measure of Right and Wrong amongst us might make me hope that they might pass in the World without any great Dislike However since your Lordship thought they might be of use to clear some Difficulties and rectifie some wrong Notions that are taken up about Money I have ventured them into the World desiring no Mercy to any erroneous Positions or wrong Reasonings which shall be found in them I shall never knowingly be of any but Truths and my Countrey 's side the former I shall always gladly imbrace and own whoever shews it me And in these Papers I am sure I have no other Aim but to do what little I can for the Service of my Country Your Lordship 's so evidently preferring that to all other Considerations does in the Eyes of all Men sit so well upon you that my Ambition will not be blamed if I in this propose to my self so great an Example and in my little sphere am moved by the same Principle I have a long time foreseen the Mischief and Ruine coming upon us by clipp'd Money if it were not timely stopp'd And had Concern enough for the Publick to make me print some Thoughts touching our Coin some Years since The Principles I there went on I see no reason to alter They have if I mistake not their Foundation in Nature and will stand They have their Foundation in Nature and are clear and will be so in all the Train of their Consequences throughout this whole as it is thought mysterious Business of Money to all those who will but be at the easie Trouble of stripping this Subject of hard obscure and doubtful Words wherewith Men are often mislead and mislead others And now the Disorder is come to Extremity and can no longer be plaid with I wish it may find a suddain and effectual Cure not a Remedy in Sound and Appearance which may flatter us on to Ruine in the Continuation of a growing Mischief that calls for present Help I wish too that the Remedy may be as easie as possible and that the Cure of this Evil be not ordered so as to lay a great Part of the Burden unequally on those who have had no particular Hand in it Westminster-Hall is so great a Witness of your Lordship's unbiassed Justice and steady Care to preserve to every one their Right that the World will not wonder you should not be for such a lessening our Coin as will without any Reason deprive great Numbers of blameless Men of a Fifth Part of their Estates beyond the Relief of Chancery I hope this Age will scape so great a Blemish I doubt not but there are many who for the Service of their Countrey and for the Support of the Government would gladly part with not only one Fifth but a much larger Portion of their Estates But when it shall be taken from them only to be bestowed on Men in their and the common Opinion no better deserving of their Countrey than themselves unless growing exceedingly rich by the publick Necessities whilst every body else finds his Fortune streightned by them be a publick Merit that deserves a publick and signal Reward this Loss of one Fifth of their Debts and Income will sit heavy on them who shall feel it without the Alleviation of any Profit or Credit that will thereby accrue to the Nation by such a lessening of our Coin If any one ask how I a retired private Man come at this time to meddle with Money and Trade For they are inseparable I reply that your Lorship and the other great Men that put me upon it are answerable for it Whether what I say be to the purpose or no that I my self am answerable for This I can answer to all the World that I have not said any thing here without a full Perswasion of its Truth nor with any other Motive or Purpose than the clearing of this artificially perplexed rather in it self mysterious Subject as far as my poor Talent reaches That which perhaps I shall not be so well able to answer to your Lordship and my self is the Liberty I have taken in such an Address as this to profess that I am MY LORD Your Lordships most humble and most Obedient Servant IOHN LOCKE THE PREFACE THough Mr. Lowndes and I differ in the Way yet I assure my self our End is the same and that we both propose to our selves the Service of our Country He is a Man known so able in the Post he is in to which the business of Money peculiarly belongs And has shewed himself so learned in the Records and Matters of the Mint and so exact in Calculations and Combinations of Numbers relating to our Coin either already in use or designed by him that I think I should have troubled the Publick no more on this Subject had not he himself engaged me in it and brought it to that pass that either I must be thought to renounce my own Opinion or must publickly oppose his Whilst his Treatise was yet a Manuscript and before it was laid before those great Persons to whom it was afterwards submitted he did me the Favour to shew it to me and made me the Compliment to ask me my Opinion of it Though we had some short Discourse on the Subject yet the multiplicity of his business whilst I staid in Town and my Health which soon after forced me out of it allowed us not an occasion to debate any one point throughly and bring it to an issue Before I returned to Town his Book was in the Press and finished before I had the opportunity to see Mr. Lowndes again And here he laid a new Obligation on me not only in giving me one of them but testing me when I received it from