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kingdom_n king_n saxon_n south_n 1,718 5 10.1391 5 false
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ID Title Author Corrected Date of Publication (TCP Date of Publication) STC Words Pages
A49842 Observations concerning money and coin and especially those of England Layton, Henry, 1622-1705. 1697 (1697) Wing L755B; Wing O94_CANCELLED; ESTC R43364 50,023 54

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time_n of_o augustus_n and_o that_o kymbelines_n own_o image_n be_v stamp_v upon_o the_o coin_n after_o the_o manner_n of_o the_o roman_n concern_v which_o our_o lord_n demand_v who_o image_n and_o superscription_n be_v this_o then_o he_o exhibit_v to_o we_o the_o coin_n of_o arviragus_n and_o galgacus_n british_a king_n in_o the_o time_n of_o the_o emperor_n domitian_n before_o which_o time_n viz._n in_o the_o time_n of_o nero_n agricola_n lieutenant_n of_o nero_n in_o britain_n have_v conquer_a our_o whole_a island_n and_o reduce_v england_n into_o the_o form_n of_o a_o roman_a province_n which_o the_o roman_n hold_v under_o their_o yoke_n and_o dominion_n from_o that_o time_n viz._n about_o anno_fw-la christi_fw-la 60_o until_o the_o reign_n of_o the_o emperor_n honorius_n about_o anno_fw-la christi_fw-la 400._o which_o be_v the_o space_n of_o 340_o year_n during_o all_o which_o time_n it_o appear_v with_o clearness_n our_o predecessor_n the_o britain_n use_v the_o roman_a coin_n 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they_o be_v worth_a but_o 10_o d._n or_o 12_o d._n which_o stand_v need_n of_o a_o redress_n by_o restore_v the_o old_a value_n as_o other_o thing_n also_o do_v evidence_n may_v be_v collect_v of_o silver_n decrease_v in_o value_n till_o the_o end_n of_o our_o present_a period_n and_o by_o what_o degree_n but_o for_o brevity_n we_o be_v content_v at_o present_a to_o say_v it_o do_v so_o the_o pound_n of_o silver_n in_o money_n still_o continue_v the_o same_o viz._n every_o pound_n in_o money_n weigh_v a_o full_a pound_n troy_n or_o 12_o ounce_n in_o weight_n and_o every_o ounce_n of_o silver_n be_v in_o the_o end_n of_o king_n henry_n iii_o be_v reign_n value_v at_o 20_o d._n we_o have_v take_v his_o reign_n for_o the_o begin_n of_o our_o last_o period_n during_o which_o we_o may_v hope_v to_o find_v more_o certain_a assistance_n from_o our_o act_n of_o parliament_n than_o we_o have_v in_o the_o former_a period_n in_o our_o way_n we_o may_v take_v notice_n that_o when_o the_o saxon_n come_v first_o into_o england_n and_o prevail_v over_o the_o roman_a province_n there_o the_o goth_n and_o vandal_n settle_v themselves_o in_o spain_n the_o lombard_n in_o italy_n the_o allemans_n in_o germany_n the_o frank_n in_o france_n and_o that_o all_o those_o nation_n be_v nortman_n and_o have_v one_o fountain_n or_o original_a who_o bring_v out_o of_o their_o common_a country_n much_o the_o same_o or_o the_o like_a custom_n one_o of_o they_o to_o the_o other_o also_o the_o like_a weight_n and_o usage_n about_o their_o money_n a_o pound_n troy_n of_o silver_n be_v count_v and_o call_v a_o pound_n of_o their_o money_n among_o
english_a money_n in_o the_o kingdom_n as_o far_o as_o our_o warlike_a expense_n will_v give_v we_o leave_v he_o say_v the_o debtor_n or_o tenant_n can_v have_v no_o benefit_n by_o it_o and_o i_o say_v the_o creditor_n or_o landlord_n can_v have_v no_o loss_n by_o it_o for_o that_o each_o shall_v pay_v and_o be_v pay_v so_o many_o pound_n of_o lawful_a money_n of_o england_n without_o partiality_n or_o fraud_n whatsoever_o pag._n 50_o speak_v much_o of_o a_o difference_n of_o buy_v and_o pay_v with_o old_a or_o new_a money_n all_o which_o if_o i_o may_v advise_v shall_v be_v put_v out_o of_o door_n and_o all_o the_o heavy_a money_n in_o england_n both_o old_a and_o new_a shall_v be_v bring_v into_o the_o king_n hand_n for_o payment_n of_o his_o army_n in_o foreign_a part_n he_o provide_v new_a and_o light_a money_n and_o pay_v the_o owner_n of_o the_o heavy_a money_n a_o weight_n for_o weight_n in_o his_o new_a and_o light_a money_n and_o of_o a_o equal_a fineness_n viz_o the_o finess_n of_o sterling_n his_o page_n to_o 54_o be_v before_o answer_v pag._n 56._o he_o say_v it_o be_v impossible_a that_o bullion_n shall_v sell_v for_o a_o five_o part_n above_o the_o price_n of_o coin_a silver_n i_o say_v it_o be_v no_o more_o impossible_a than_o that_o a_o state_n which_o must_v be_v destroy_v shall_v be_v very_o imprudent_a or_o corrupt_a we_o read_v quos_fw-la perdere_fw-la vult_fw-la jupiter_n dementat_fw-la a_o state_n may_v be_v so_o foollish_a or_o pursue_v a_o interest_n so_o far_o as_o to_o set_v their_o coin_v money_n at_o so_o a_o low_a rate_n than_o they_o can_v buy_v bullion_n for_o again_o to_o keep_v their_o mint_n in_o go_v pag._n 58._o he_o speak_v of_o a_o natural_a value_n between_o bullion_n and_o coin_n and_o that_o it_o be_v every_o where_o equal_a bate_v the_o charge_n of_o coinage_n i_o wish_v he_o have_v prove_v it_o particular_o to_o be_v so_o in_o england_n pag._n 61._o he_o be_v again_o at_o the_o authority_n of_o the_o state_n that_o it_o give_v no_o effective_a value_n to_o coin_n but_o only_o a_o bare_a denomination_n enough_o confute_v pag._n 64._o his_o discourse_n here_o upon_o trade_n must_v be_v apply_v to_o foreign_a trade_n pag._n 65._o say_v sound_n can_v give_v weight_n to_o silver_n true_a but_o the_o authority_n of_o a_o state_n may_v give_v value_n and_o power_n to_o their_o coin_n as_o beforesaid_a and_o in_o their_o own_o country_n pag._n 69._o go_v all_o along_o upon_o his_o own_o rate_n that_o nothing_o be_v real_o considerable_a in_o money_n but_o the_o weight_n and_o that_o the_o authority_n of_o the_o government_n be_v real_o no_o more_o but_o to_o give_v it_o a_o denomination_n which_o must_v be_v a_o mistake_n unless_o it_o be_v only_o intend_v for_o foreign_a trade_n pag_n 70._o say_v if_o the_o state_n may_v raise_v the_o value_n of_o money_n to_o so_o much_o than_z why_o not_o to_o ten_o time_n so_o much_o and_o where_o must_v they_o stop_v i_o say_v the_o supreme_a power_n of_o a_o state_n can_v have_v no_o stop_n ab_fw-la extra_fw-la but_o their_o stop_n as_o well_o as_o their_o proceed_n lie_v in_o their_o own_o discretion_n and_o divine_a influence_n page_n 71._o the_o power_n that_o a_o state_n have_v to_o make_v what_o money_n they_o please_v currant_n in_o their_o own_o country_n and_o at_o what_o value_n and_o esteem_v they_o please_v have_v be_v sufficient_o argue_v against_o he_o page_n 73._o he_o deny_v that_o the_o market_n price_n of_o standard_n bullion_n ever_o be_v or_o ever_o can_v be_v 5_o s._n 7_o d._n of_o lawful_a weighty_a money_n the_o ounce_n his_o term_n of_o weighty_a seem_v to_o be_v of_o little_a weight_n in_o this_o place_n and_o his_o assertion_n that_o bullion_n never_o can_v be_v at_o that_o rate_n seem_v a_o little_a exorbitant_a and_o if_o it_o be_v not_o beyond_o that_o rate_n at_o the_o present_a the_o generality_n of_o people_n and_o myself_o among_o they_o be_v much_o misinform_v and_o do_v desire_n to_o be_v better_o instruct_v and_o somewhat_o more_o at_o large_a and_o in_o a_o more_o particular_a manner_n page_n 74._o but_o i_o do_v not_o accept_v of_o a_o paper_n publish_v in_o 1692._o as_o a_o convince_a proof_n of_o the_o present_a price_n of_o bullion_n in_o anno_fw-la 1696._o page_n 76._o he_o seem_v to_o affect_v mistake_n he_o know_v that_o the_o king_n may_v transport_v money_n for_o his_o occasion_n and_o those_o carry_v our_o money_n over_o sea_n and_o yet_o he_o say_v as_o if_o he_o will_v be_v believe_v that_o bullion_n must_v bear_v a_o great_a price_n than_o a_o like_a weight_n in_o money_n because_o man_n be_v punishable_a for_o the_o transport_v of_o money_n but_o not_o of_o bullion_n i_o have_v almost_o say_v teneatis_fw-la amici_fw-la here_o he_o take_v no_o notice_n that_o melt_v down_o our_o coin_n be_v prohibit_v and_o punishable_a by_o act_n of_o parliament_n page_n 79._o he_o show_v from_o mr._n lownds_o the_o constant_a practice_n of_o our_o ancestor_n in_o make_v our_o money_n light_a from_o time_n to_o time_n by_o royal_a and_o public_a authority_n without_o deny_v or_o scruple_v the_o truth_n of_o it_o and_o this_o table_n show_v the_o degree_n by_o which_o our_o money_n be_v lighten_v till_o it_o come_v to_o our_o present_a standard_n and_o thence_o i_o gather_v that_o what_o have_v be_v do_v in_o so_o many_o king_n time_n viz._n in_o six_o or_o seven_o king_n reign_v and_o divers_a time_n in_o some_o reign_v to_o the_o number_n of_o 14_o time_n in_o all_o from_o king_n e._n 2._o a_o thing_n so_o often_o practise_v as_o a_o remedy_n upon_o exigency_n may_v still_o be_v practise_v and_o follow_v upon_o the_o like_a occasion_n as_o warrant_v by_o a_o undoubted_a series_n of_o example_n in_o this_o kingdom_n page_n 80._o he_o wish_v that_o mr._n lownds_n have_v show_v the_o occasion_n and_o effect_n of_o such_o lightning_n of_o our_o coin_n i_o desire_v he_o will_v take_v pain_n to_o show_v we_o that_o ever_o it_o have_v a_o ill_a effect_n we_o find_v it_o always_o continue_a and_o proceed_v without_o once_o go_v back_o to_o make_v it_o heavy_a which_o prove_v it_o be_v always_o find_v good_a for_o the_o nation_n he_o say_v king_n h._n 8._o raise_v the_o value_n of_o coin_n four_o time_n yet_o the_o nation_n be_v not_o enrich_v thereby_o and_o the_o like_a i_o say_v may_v happen_v in_o our_o time_n it_o will_v do_v fair_a if_o it_o save_v we_o from_o ruin_n as_o it_o may_v help_v to_o do_v in_o his_o time_n he_o have_v often_o costly_a war_n in_o foreign_a part_n as_o we_o now_o have_v but_o never_o so_o long_a and_o constant_a as_o we_o yet_o enough_o to_o hinder_v the_o nation_n from_o grow_v rich_a by_o all_o the_o possible_a industry_n or_o caution_n that_o can_v be_v use_v and_o yet_o i_o think_v our_o charge_n be_v great_a at_o present_a than_o ever_o his_o be_v and_o the_o lightning_n of_o our_o money_n not_o to_o be_v expect_v to_o enrich_v we_o but_o if_o it_o help_v to_o support_v we_o that_o will_v make_v it_o enough_o desirable_a page_n 81._o if_o our_o coin_n be_v make_v heavy_a in_o time_n of_o king_n edw._n 6._o and_o this_o be_v the_o only_a time_n rara_fw-mi avis_fw-fr in_fw-la terris_fw-la and_o prove_v alteration_n of_o value_n by_o the_o state_n be_v powerful_a and_o effectual_a far_o exceed_v a_o denomination_n or_o be_v only_o a_o mark_n or_o token_n what_o such_o a_o piece_n of_o money_n must_v weigh_v this_o be_v do_v but_o once_o in_o 1000_o year_n and_o the_o lightning_n do_v 14_o time_n in_o the_o space_n of_o about_o 300_o year_n prove_v it_o very_o rare_o profitable_a to_o increase_v the_o weight_n of_o our_o money_n but_o often_o and_o common_o beneficial_a to_o lighten_v it_o which_o have_v not_o now_o be_v do_v since_o queen_n elizabeth_n time_n the_o space_n of_o about_o 90_o year_n during_o which_o time_n our_o neighbour_n have_v make_v great_a alteration_n both_o in_o the_o weight_n and_o fineness_n of_o their_o money_n page_n 82._o suppose_n or_o surmise_n a_o corrupt_a practice_n in_o the_o officer_n of_o the_o mint_n but_o offer_v no_o proof_n of_o it_o so_o i_o pass_v it_o as_o his_o suspicion_n and_o of_o little_a moment_n in_o the_o present_a dispute_n page_n 83._o mr._n lownds_o have_v say_v that_o the_o improvement_n of_o value_n in_o money_n in_o edw._n 6._o time_n rise_v by_o make_v their_o silver_n fine_a which_o be_v grow_v very_a course_n in_o the_o time_n of_o king_n h._n 8._o our_o author_n say_v let_v i_o add_v or_o by_o the_o quantity_n lessen_v in_o silver_n which_o be_v the_o same_o thing_n i_o say_v they_o be_v not_o the_o same_o thing_n for_o the_o fineness_n of_o silver_n and_o the_o weight_n of_o silver_n be_v very_o different_a thing_n and_o
be_v take_v which_o be_v likely_a to_o be_v effectual_a to_o that_o purpose_n then_o he_o answer_v it_o must_v be_v do_v by_o a_o due_a care_n of_o trade_n but_o yet_o say_v he_o if_o we_o be_v never_o so_o busy_a in_o trade_n if_o still_o we_o spend_v more_o abroad_o than_o we_o save_v at_o home_n we_o shall_v soon_o become_v break_a tradesman_n and_o be_v so_o indebt_v we_o can_v by_o all_o possible_a mean_n keep_v our_o money_n in_o the_o kingdom_n ergo_fw-la if_o it_o can_v go_v to_o profit_n abroad_o it_o must_v go_v and_o much_o the_o fast_o for_o that_o if_o it_o can_v go_v but_o with_o some_o loss_n to_o the_o receiver_n it_o must_v go_v too_o but_o not_o so_o fast_o nor_o to_o all_o place_n of_o our_o trade_n but_o to_o those_o place_n where_o our_o court_n and_o army_n must_v be_v maintain_v if_o as_o he_o true_o say_v our_o spend_n more_o abroad_o than_o we_o can_v save_v at_o home_n will_v bring_v we_o as_o no_o doubt_n it_o do_v to_o a_o great_a scarcity_n of_o money_n which_o way_n soever_o we_o turn_v ourselves_o for_o a_o remedy_n and_o that_o during_o this_o war_n we_o be_v drive_v by_o necessity_n to_o spend_v for_o maintain_v of_o our_o army_n and_o support_v of_o our_o court_n in_o foreign_a country_n how_o shall_v we_o confide_v in_o the_o candour_n or_o clear_a deal_v of_o our_o author_n who_o mention_n not_o once_o in_o all_o his_o write_n that_o i_o remember_v these_o true_a and_o most_o apparent_a cause_n of_o our_o spend_n more_o abroad_o than_o we_o can_v save_v at_o home_n but_o lay_v the_o whole_a load_n upon_o the_o ill_a management_n of_o our_o trade_n as_o if_o the_o trader_n of_o our_o nation_n be_v but_o milksop_n and_o silly_a fellow_n in_o comparison_n with_o his_o dutch_a favourite_n and_o know_v not_o how_o to_o manage_v their_o trade_n i_o hope_v now_o he_o be_v authorize_v among_o other_o person_n of_o the_o noble_a quality_n to_o inspect_v and_o direct_v the_o management_n of_o it_o we_o shall_v hear_v no_o more_o from_o he_o of_o the_o ill_a success_n or_o the_o defect_n of_o it_o but_o in_o his_o next_o write_n the_o saddle_n may_v possible_o come_v to_o be_v set_v upon_o the_o right_a horse_n and_o where_o now_o i_o leave_v it_o and_o therewith_o close_a the_o present_a examination_n of_o our_o author_n be_v write_v concern_v our_o silver_n money_n but_o whereas_o my_o search_n into_o they_o do_v before_o bring_v i_o to_o speak_v concern_v a_o apparent_a and_o great_a loss_n which_o the_o king_n revenue_n must_v needs_o receive_v by_o the_o lightning_n of_o our_o present_a coin_n and_o which_o i_o do_v not_o thorough_o there_o prosecute_v because_o i_o will_v not_o so_o much_o interrupt_v my_o intend_a examination_n now_o that_o be_v finish_v i_o return_v to_o fasten_v a_o new_a thread_n to_o the_o end_n of_o that_o discourse_n ex_fw-la professo_fw-la and_o with_o design_n to_o deliver_v my_o conception_n full_o concern_v the_o same_o that_o of_o right_n and_o necessity_n he_o ought_v and_o must_v 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occasion_n and_o in_o in_o such_o country_n i_o have_v before_o express_v a_o desire_n to_o compute_v the_o king_n be_v real_a revenue_n at_o the_o sum_n of_o five_o million_o per_fw-la annum_fw-la and_o if_o i_o shall_v pretend_v to_o guess_v how_o much_o of_o this_o be_v spend_v in_o foreign_a country_n every_o one_o must_v needs_o apprehend_v that_o i_o have_v not_o know_v or_o certain_a ground_n to_o proceed_v upon_o in_o it_o but_o it_o must_v pass_v only_o for_o a_o very_a random_n guess_v i_o can_v wish_v that_o such_o expense_n will_v fall_v within_o the_o compass_n of_o two_o million_o per_fw-la annum_fw-la and_o i_o hope_v if_o i_o shall_v divide_v the_o revenue_n into_o half_n and_o allow_v one_o moiety_n to_o be_v spend_v in_o foreign_a part_n that_o therein_o i_o shall_v not_o be_v find_v to_o make_v a_o spare_a allowance_n the_o proportion_n of_o the_o king_n loss_n upon_o this_o account_n must_v be_v suitable_a to_o the_o quantity_n by_o which_o our_o money_n be_v lighten_v which_o yet_o no_o man_n have_v propound_v to_o be_v so_o much_o as_o to_o a_o four_o part_n of_o its_o weight_n and_o yet_o the_o better_a to_o adjust_a the_o computation_n i_o do_v venture_v to_o propound_v a_o advancement_n of_o the_o king_n revenue_n to_o a_o full_a four_o part_n of_o the_o sum_n mention_v viz._n of_o two_o million_o and_o a_o half_a which_o four_o part_n will_v amount_v unto_o the_o sum_n of_o 625000_o l._n per_fw-la annum_fw-la this_o great_a yearly_a revenue_n to_o be_v raise_v by_o new_a tax_n upon_o the_o kingdom_n will_v no_o doubt_n seem_v very_o much_o to_o a_o little_a in_o the_o eye_n of_o our_o examine_a author_n and_o his_o associate_n he_o compute_v the_o king_n loss_n by_o this_o mean_n at_o a_o large_a proportion_n than_o that_o of_o a_o whole_a million_o but_o that_o grow_v from_o his_o not_o grant_v that_o the_o state_n have_v the_o power_n of_o real_o advance_v the_o value_n of_o money_n in_o our_o own_o kingdom_n a_o error_n maintain_v 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charge_n which_o we_o already_o lie_v under_o for_o the_o maintenance_n of_o this_o grievous_a and_o last_a war_n and_o will_v you_o now_o go_v about_o to_o over-charge_n we_o again_o with_o new_a imposition_n and_o tax_n on_o that_o behalf_n i_o confess_v that_o i_o do_v go_v about_o to_o do_v so_o but_o to_o the_o great_a grief_n and_o affliction_n of_o my_o mind_n as_o when_o a_o tender_a parent_n or_o kind_a friend_n order_n or_o procure_v a_o joint_n or_o limb_n to_o be_v cut_v off_o from_o his_o correlative_a for_o the_o support_n and_o preservation_n of_o the_o body_n natural_a such_o action_n must_v be_v do_v or_o the_o body_n whether_o natural_a or_o politic_a must_v fall_v under_o apparent_a danger_n of_o a_o utter_a ruin_n it_o pass_v for_o a_o unquestioned_a axiom_n that_o of_o divers_a evil_n of_o suffering_n man_n may_v and_o aught_o in_o reason_n to_o choose_v the_o least_o as_o david_n do_v when_o he_o choose_v three_o day_n pestilence_n in_o the_o land_n our_o 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be_v lay_v upon_o the_o nation_n during_o this_o war._n for_o remedy_n of_o which_o and_o the_o future_a reformation_n of_o our_o money_n there_o shall_v far_o be_v say_v that_o whereas_o our_o ancestor_n have_v since_o the_o reign_n of_o king_n edw._n 1._o lighten_v their_o money_n thirteen_o time_n and_o bring_v their_o weight_n of_o a_o lib._n in_o money_n from_o 12_o ounce_n down_o to_o 3_o ounce_n and_o 320_o grain_n apparent_o to_o the_o intent_n to_o make_v it_o agree_v with_o the_o weight_n and_o value_n of_o those_o of_o their_o neighbour_n nation_n now_o we_o may_v follow_v that_o course_n and_o practice_n of_o our_o ancestor_n and_o lighten_v our_o present_a money_n to_o such_o a_o proportion_n as_o may_v make_v it_o a_o loss_n rather_o than_o a_o gain_n to_o whosoever_o shall_v transport_v it_o unto_o any_o of_o our_o neighbour_n nation_n to_o this_o intent_n and_o purpose_n it_o be_v here_o humble_o propound_v that_o for_o the_o future_a in_o the_o weight_n of_o our_o 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esau_n of_o his_o flock_n and_o herd_n that_o if_o man_n shall_v overdrive_v they_o one_o day_n all_o the_o flock_n will_v die_v and_o so_o if_o the_o people_n be_v over-driven_a one_o year_n great_a loss_n and_o disturbance_n be_v likely_a to_o ensue_v and_o then_o the_o court_n man_n of_o state_n and_o arm_n be_v like_a to_o be_v leave_v every_o one_o to_o bear_v his_o own_o burden_n and_o to_o shift_v for_o themselves_o as_o other_o opportunity_n shall_v be_v offer_v they_o these_o simile_n be_v intend_v to_o teach_v and_o demonstrate_v to_o every_o ordinary_a capacity_n the_o danger_n which_o a_o greedy_a gape_n after_o gain_n the_o very_a root_n of_o evil_n may_v be_v expect_v to_o produce_v in_o a_o nation_n so_o full_a of_o division_n and_o so_o nice_o sensible_a of_o unjust_a or_o unkind_a usage_n as_o our_o people_n especial_o in_o distress_n be_v now_o and_o have_v always_o use_v to_o be_v my_o supplication_n be_v that_o man_n may_v consider_v one_o another_o and_o provoke_v 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silver_n money_n in_o the_o kingdom_n where_o it_o be_v to_o be_v wish_v that_o one_o sort_n of_o weight_n measure_n and_o money_n may_v be_v in_o common_a use_n and_o practice_n throughout_o the_o whole_a kingdom_n in_o prosecution_n of_o my_o present_a design_n the_o first_o proposal_n in_o it_o will_v be_v the_o hard_a viz_o the_o obtain_v a_o great_a sum_n to_o be_v ready_o coin_v of_o my_o new_a and_o light_a sort_n of_o money_n of_o the_o old_a and_o establish_a fineness_n to_o the_o value_n of_o some_o hundred_o thousand_o pound_n but_o that_o once_o do_v and_o ready_a to_o be_v pay_v out_o it_o may_v be_v ordain_v and_o proclaim_v that_o whoso_o bring_v heavy_a money_n into_o the_o exchequer_n or_o tower_n shall_v forthwith_o and_o without_o payment_n of_o fee_n receive_v new_a and_o light_a money_n in_o lieu_n or_o exchange_n for_o it_o to_o a_o equal_a weight_n of_o that_o which_o he_o have_v bring_v in_o by_o this_o exchange_n mr._n lock_v often_o assert_n and_o maintain_v the_o king_n can_v have_v no_o loss_n receive_v a_o equal_a weight_n in_o fine_a silver_n to_o that_o which_o he_o pay_v out_o and_o i_o have_v agree_v with_o mr._n lock_n that_o concern_v the_o king_n expense_n in_o foreign_a part_n his_o rule_n and_o computation_n be_v true_a but_o i_o have_v deny_v it_o to_o be_v so_o for_o money_n spend_v in_o the_o kingdom_n and_o thence_o i_o argue_v that_o the_o king_n receive_v the_o heavy_a money_n and_o send_v it_o in_o specie_fw-la out_o of_o the_o kingdom_n suffer_v no_o loss_n at_o all_o by_o this_o exchange_n but_o save_v 20_o per_n cent._n by_o send_v this_o money_n beyond_o the_o sea_n in_o specie_fw-la without_o pay_v 20_o per_fw-la cent._n for_o the_o return_n of_o it_o and_o which_o he_o must_v pay_v and_o lose_v as_o oft_o as_o he_o return_v money_n into_o those_o gripe_a low-countries_n for_o the_o pay_n of_o his_o army_n and_o supply_v of_o his_o other_o occasion_n there_o but_o though_o the_o king_n as_o i_o have_v say_v shall_v 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ounce_n will_v speedy_o come_v in_o to_o be_v coin_v into_o the_o light_a money_n which_o will_v by_o these_o mean_n soon_o become_v the_o only_a silver_n money_n currant_n in_o the_o kingdom_n yet_o this_o proposal_n may_v be_v put_v into_o other_o term_n and_o be_v thereby_o make_v a_o very_a little_a more_o beneficial_a for_o the_o crown_n the_o increase_n of_o who_o revenue_n in_o a_o equitable_a manner_n i_o think_v all_o aught_o to_o promote_v let_v it_o then_o be_v proclaim_v that_o what_o subject_n soever_o bring_v in_o to_o the_o king_n 80_o l._n in_o the_o heavy_a money_n shall_v receive_v 100_o l._n of_o our_o new_a light_n money_n in_o lieu_n of_o it_o by_o this_o exchange_n the_o king_n will_v gain_v 4_o s._n 6_o d._n per_fw-la cent_z
fere_n which_o will_v rise_v to_o 45_o s._n per_fw-la thousand_o and_o to_o 225_o l._n in_o the_o 1000000_o and_o to_o 2250_o l._n in_o the_o million_o of_o money_n if_o his_o majesty_n may_v make_v this_o profit_n which_o will_v rise_v from_o the_o over-weight_n which_o be_v in_o the_o 80_o l._n above_o the_o 100_o l_o i_o pray_v the_o exchange_n may_v pass_v upon_o that_o foot_n but_o if_o his_o officer_n or_o minister_n must_v lick_v this_o petty_a profit_n of_o their_o finger_n and_o put_v it_o into_o their_o own_o purse_n as_o the_o case_n be_v very_o likely_a to_o fall_v out_o than_o i_o wish_v the_o exchange_n may_v pass_v upon_o the_o other_o foot_n of_o exchange_v weight_n for_o weight_n of_o the_o one_o sort_n as_o of_o the_o other_o so_o as_o the_o subject_n may_v have_v that_o small_a profit_n rather_o than_o the_o minister_n enrich_v themselves_o by_o it_o but_o upon_o the_o whole_a matter_n of_o this_o proposal_n there_o must_v be_v provide_v a_o great_a bank_n of_o our_o new_a money_n in_o the_o king_n hand_n and_o disposal_n that_o his_o officer_n may_v be_v able_a to_o pay_v with_o the_o one_o hand_n as_o they_o receive_v with_o the_o other_o or_o the_o traffic_n and_o trade_n of_o this_o exchange_n will_v prove_v very_o slack_a and_o inconsiderable_a for_o man_n will_v not_o part_v with_o the_o good_a and_o heavy_a money_n in_o their_o own_o present_a possession_n for_o ticket_n and_o tally_n nor_o perhaps_o upon_o any_o credit_n that_o can_v be_v propound_v to_o they_o and_o therefore_o this_o trade_n must_v needs_o be_v drive_v by_o the_o present_a money_n on_o both_o side_n or_o else_o the_o design_n will_v prove_v abortive_a and_o in_o like_a manner_n for_o the_o clip_v money_n if_o it_o may_v pass_v at_o 6_o s._n 8_o d._n per_fw-la ounce_n by_o weight_n it_o will_v not_o ready_o come_v into_o the_o mint_n except_o there_o be_v new_a money_n ready_a to_o pay_v for_o it_o at_o that_o rate_n but_o this_o provision_n be_v make_v all_o the_o money_n and_o even_o silver_n in_o the_o kingdom_n will_v be_v ready_a to_o flow_v into_o our_o mint_n and_o from_o foreign_a part_n to_o be_v coin_v and_o remain_v among_o we_o because_o we_o shall_v set_v a_o little_o high_a rate_n and_o value_n upon_o it_o than_o that_o which_o it_o yet_o bear_v among_o our_o neighbour_n nation_n also_o by_o this_o mean_n all_o will_v be_v soon_o convert_v into_o one_o sort_n and_o species_n of_o money_n which_o be_v the_o thing_n propound_v to_o be_v perform_v in_o this_o second_o observation_n my_o 3d_o and_o last_o observation_n will_v concern_v the_o dangerous_a and_o corrode_a canker_n which_o eat_v out_o the_o very_a bowel_n of_o our_o english_a treasure_n and_o money_n viz._n the_o gripe_a extortion_n lay_v upon_o we_o by_o our_o next_o neighbour_n and_o confederate_n in_o the_o low_a country_n of_o holland_n and_o flanders_n they_o know_v we_o have_v press_v need_n of_o money_n in_o their_o part_n for_o the_o payment_n of_o our_o army_n and_o support_v of_o our_o court_n there_o and_o their_o merchant_n make_v the_o uttermost_a advantage_n which_o they_o can_v of_o such_o necessity_n and_o therefore_o though_o our_o money_n lie_v ready_a in_o england_n for_o such_o purpose_n or_o the_o credit_n which_o we_o offer_v for_o that_o purpose_n be_v never_o so_o good_a and_o unquestionable_a they_o will_v not_o return_v this_o money_n for_o we_o into_o their_o low_a country_n nor_o pay_v our_o bill_n charge_v upon_o they_o for_o those_o purpose_n at_o a_o less_o rate_n or_o price_n than_o 20_o per_fw-la cent_z allowance_n for_o supply_v the_o necessity_n which_o grow_v upon_o we_o from_o the_o occasion_n before_o express_v this_o 20_o per_fw-la cent_z in_o the_o return_n of_o every_o million_o amount_n to_o the_o sum_n of_o 200000_o l._n whence_o if_o the_o king_n expend_v two_o million_o and_o a_o half_a in_o those_o part_n yearly_a according_a to_o our_o former_a computation_n and_o this_o be_v pay_v by_o return_n through_o those_o country_n our_o king_n and_o nation_n must_v perfect_o lose_v and_o cast_v away_o the_o sum_n 500000_o l._n per_fw-la annum_fw-la for_o which_o according_a to_o our_o proverbial_a expression_n the_o english_a nation_n or_o people_n must_v neither_o eat_v nor_o drink_v this_o be_v a_o vast_a yearly_a charge_n and_o even_o unsupportable_a to_o the_o state_n of_o the_o kingdom_n the_o very_a apprehension_n and_o remembrance_n of_o it_o be_v a_o grievous_a and_o afflictive_a burden_n to_o those_o who_o will_v concern_v themselves_o for_o the_o support_n and_o welfare_n of_o their_o native_a country_n and_o my_o intent_n be_v to_o offer_v this_o great_a suffer_v to_o the_o consideration_n and_o feel_n of_o such_o person_n that_o so_o they_o may_v all_o lay_v it_o to_o heart_n and_o thence_o be_v stimulate_v provoke_v and_o stir_v up_o by_o all_o the_o stretch_v of_o their_o wit_n and_o industry_n of_o their_o hand_n to_o prevent_v and_o cure_v this_o miserable_a loss_n and_o consumption_n of_o our_o money_n or_o at_o least_o in_o some_o measure_n to_o diminish_v or_o aleviate_v the_o same_o i_o will_v therefore_o recommend_v this_o matter_n to_o the_o man_n of_o state_n and_o especial_o to_o the_o commissioner_n of_o the_o treasury_n and_o next_o to_o the_o commissioner_n for_o the_o regulation_n of_o trade_n and_o by_o name_n to_o my_o examine_v author_n mr._n lock_v and_o to_o all_o other_o person_n of_o skill_n and_o activity_n in_o the_o kingdom_n exhort_v every_o one_o of_o they_o according_a to_o their_o several_a station_n and_o ability_n to_o study_v and_o endeavour_v the_o removal_n of_o this_o miserable_a loss_n and_o calamity_n from_o we_o or_o to_o make_v it_o more_o tolerable_a than_o at_o present_a we_o find_v it_o and_o that_o i_o may_v begin_v with_o cast_v my_o mite_n into_o this_o treasury_n of_o merit_n i_o pretend_v to_o offer_v two_o proposal_n each_o of_o which_o may_v possible_o prove_v in_o some_o measure_n remedial_a of_o this_o our_o forename_a malady_n and_o consumption_n the_o first_o be_v that_o a_o considerable_a part_n of_o the_o kingdom_n treasure_n may_v be_v employ_v in_o traffic_n and_o for_o that_o purpose_n his_o majesty_n may_v have_v factor_n and_o factory_n storehouse_n and_o magazine_n in_o his_o city_n of_o london_n portsmouth_n plymouth_n bristol_n chester_n dublin_n and_o two_o more_o good_a port_n of_o ireland_n for_o the_o west_n and_o yarmouth_n hull_n newcastle_n edinburgh_n and_o some_o more_o northern_a port_n of_o scotland_n for_o the_o east_n and_o that_o the_o king_n factor_n buy_v with_o his_o money_n or_o such_o credit_n as_o they_o can_v fair_o and_o free_o obtain_v such_o sort_n of_o commodity_n in_o the_o adjacent_a country_n as_o be_v most_o likely_a to_o be_v of_o ready_a vent_n in_o the_o low_a country_n viz._n all_o sort_n of_o necessary_n for_o eat_v drink_v and_o wear_v and_o tin_n lead_v timber_n saltpetre_n or_o nitre_n iron_n canvas_n cordage_n coal_n and_o other_o like_a commodity_n and_o that_o he_o have_v in_o the_o low_a country_n other_o factory_n at_o antwerp_n amsterdam_n rotterdam_n middleburgh_n dort_n or_o other_o place_n for_o the_o reception_n and_o vend_v all_o the_o say_a commodity_n which_o shall_v come_v from_o his_o own_o dominion_n or_o may_v be_v procure_v by_o truck_n and_o tade_n from_o the_o elb._n the_o baltic_a or_o other_o northern_a country_n these_o vend_v in_o the_o low_a country_n for_o ready_a money_n or_o good_a credit_n may_v stop_v a_o great_a part_n of_o our_o leak_n and_o by_o degree_n may_v make_v our_o vessel_n more_o staunch_a and_o steady_a than_o heretofore_o it_o have_v be_v private_a man_n have_v often_o grow_v rich_a by_o the_o gain_n of_o such_o traffic_n but_o if_o the_o king_n make_v but_o his_o own_o of_o it_o he_o will_v be_v satisfy_v by_o save_v 20_o per_fw-la cent_z for_o the_o return_n of_o so_o much_o money_n nay_o and_o if_o he_o lose_v 5_o per_fw-mi cent_z in_o his_o trade_n he_o will_v save_v 15_o per_fw-mi cent_z in_o his_o return_v and_o if_o he_o lose_v 10_o per_fw-mi cent_z or_o 15_o per_fw-mi cent_z in_o the_o trade_n he_o will_v still_o save_v 10_o or_o 5_o per_fw-mi cent_z in_o his_o return_v it_o be_v true_a nihil_fw-la simul_fw-la inventum_fw-la &_o perfectum_fw-la and_o therefore_o man_n ought_v to_o begin_v with_o lesser_a trial_n which_o if_o prosperous_a will_v grow_v to_o more_o perfection_n by_o degree_n and_o if_o this_o or_o a_o like_a proposal_n do_v hit_v divers_a benefit_n may_v arise_v from_o it_o our_o country_n commodity_n may_v thereby_o rise_v in_o their_o value_n it_o may_v give_v employment_n to_o many_o subject_n and_o to_o seaman_n and_o their_o vessel_n it_o may_v cause_v our_o coast_n to_o be_v better_o guard_v for_o protection_n of_o the_o king_n be_v good_n not_o suffer_v our_o man_n of_o war_n to_o fleep_v out_o their_o time_n in_o torbay_n as_o they_o have_v be_v too_o much_o accustom_v to_o do_v but_o put_v they_o in_o active_a guard_n at_o least_o upon_o our_o coast_n so_o long_o as_o the_o season_n of_o the_o summer_n and_o temperate_a weather_n will_v permit_v my_o second_o proposal_n for_o a_o measure_n of_o remedy_n in_o our_o beforementioned_a case_n may_v be_v make_v by_o the_o most_o beneficial_a management_n of_o gold_n and_o guineas_n among_o we_o i_o have_v before_o calculate_v the_o exact_a value_n of_o a_o guinea_n in_o our_o new_a and_o light_a money_n to_o be_v 28_o s._n 6_o d._n this_o guinea_n i_o take_v to_o go_v in_o holland_n at_o the_o rate_n of_o 27_o old_a shilling_n which_o be_v a_o eight_o part_n better_o than_o the_o new_a whence_o those_o 27_o shilling_n be_v 5_o shilling_n at_o least_o better_a than_o our_o 28_o s._n 6_o d._n if_o then_o we_o obtain_v guineas_n here_o at_o the_o rate_n of_o 28_o s._n 6_o d._n and_o put_v they_o off_o in_o holland_n at_o such_o 27_o s._n we_o may_v save_v the_o whole_a 20_o per_fw-la cent_z return_n and_o gain_n beside_o 2_o s._n or_o 3_o s._n in_o every_o guinea_n but_o if_o i_o shall_v count_v with_o mr._n lock_v the_o 20_o per_fw-la cent_z out_o of_o the_o 27_o s._n it_o will_v reduce_v the_o 27_o s._n to_o the_o value_n of_o our_o light_a money_n and_o then_o we_o shall_v buy_v at_o the_o value_n of_o 28_o s._n 6_o d._n and_o sell_v ht_v 27_o s._n by_o this_o mart_n we_o shall_v lose_v but_o 5_o per_fw-mi cent_z and_o that_o will_v save_v we_o 15_o per_fw-mi cent_z of_o our_o 20._o and_o if_o we_o shall_v buy_v at_o 30_o s._n and_o sell_v at_o 27_o s._n it_o be_v a_o loss_n but_o of_o 10_o per_fw-mi cent_z and_o will_v save_v we_o other_o 10._o if_o we_o buy_v at_o 31_o s._n 6_o d._n and_o for_o 27._o we_o shall_v lose_v but_o 15_o per_fw-mi cent_z and_o be_v still_o savour_v of_o 5_o per_fw-la cent._n these_o medium_n i_o leave_v as_o proposal_n to_o be_v well_o consider_v and_o far_o improve_v or_o set_v aside_o by_o put_v better_a proposal_n in_o their_o stead_n and_o not_o by_o let_v the_o matter_n fall_v without_o procure_v some_o redress_n in_o it_o and_o herewith_o shall_v be_v cut_v off_o the_o thread_n of_o this_o discourse_n in_o which_o i_o have_v not_o shun_v or_o forbear_v to_o declare_v to_o my_o country_n the_o true_a and_o whole_a state_n of_o the_o matter_n now_o in_o agitation_n as_o far_o as_o my_o knowledge_n can_v extend_v and_o i_o pray_v god_n to_o give_v it_o a_o success_n suitable_a to_o the_o integrity_n good_a affection_n and_o intention_n of_o the_o writer_n who_o hope_v he_o have_v in_o it_o a_o superior_a assistance_n and_o desire_n there_o may_v be_v render_v to_o the_o only_a great_a fountain_n of_o be_v and_o goodness_n the_o whole_a honour_n and_o glory_n and_o all_o the_o thanks_o praise_n and_o acclamation_n of_o the_o universe_n for_o evermore_o amen_n finis_fw-la