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A28305 An essay towards carrying on the present war against France and other publick occasions as also for paying off all debts contracted in the same, or otherwise : and new-coyning of all our moneys, without charge to the great encrease of the honour, strength and wealth of the nation : humbly propos'd, for the Parliament's consideration and submitted to their great wisdom and love to their country, etc. / by John Blackwell ... Blackwell, John, fl. 1695. 1695 (1695) Wing B3093; ESTC R17371 12,305 33

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AN ESSAY Towards Carrying on the Present WAR AGAINST FRANCE And Other Publick Occasions AS ALSO For Paying off all DEBTS Contracted in the same or otherwise AND New-Coyning of all Our Moneys Without Charge To the great Encrease of the Honour Strength and Wealth of the Nation Humbly Propos'd For the Parliament's Consideration and Submitted to their Great Wisdom and Love to their Country c. By JOHN BLACKWELL c. London Printed for the Author 1695. AN ESSAY Towards Carrying on the Present War against France and other publick Occasions c. Sect. 1. ABOUT Three Years since I humbly Proposed amongst other things the New Coining of all our Silver Moneys And gave these Reasons for it viz. 1. They were generally so Bad as to be Refused abroad and so were unserviceable in other Countries 2. The suffering them to Pass gave advantage to the Further clipping them as is manifest in our Sad Experience for they are now much worse And so unserviceable at home 3. It was Reproachful to us That it should be Suffered to Pass And therefore worthy Consideration and Inquiry into the causes of it 4 It was no otherwise to be Prevented or Reformed than by New coyning all and then Prohibiting the Passing of any Clip'd Money from and after a certain day to be Limited under the Penalty of Seizure and Sequestration in whose hands soever the same should afterwards be found Sect. II. Since which and as the natural consequence thereof the Value of our Gold-Coyn hath been enhansed to about half as much more as the same was Coyned at The inconveniences and damages whereof to the Nation and Trade thereof are and will be at least as great as the clipping of the Silver And if not timely Prevented will utterly Ruine us in Our Trade And the longer this is Suffer'd the Firmer will the disadvantages be Fix'd till the Root of all our Commerce becomes Worm eaten and canker'd and we Lose the Sweet Fruit thereof for ever Sect. III. In short the whole Nation is almost destitute of Moneys Not only For the carrying on the War in or by any Ordinary course of procedure but For Our home Markets And Taken off from trade abroad As by means hereof So Partly by their Losses at Sea partly By the More-advantageous Proposals for Lending or Laying out their Moneys on the Lotteries and Other Ways and Means found out and pitch'd upon by the Late Parliament For carrying on the War And lastly By the high Exchange of Moneys abroad for Commodities imported hither and paying our Forces there who must otherwise have had more of our Moneys sent hence to our further streightening Is there any Remedy viz. Q. First How shall the Silver be New coyned so as to Become a due Measure and Standard for Traffick Q. Secondly How shall our Gold be Reduced to it s Coyn'd value Q. Thirdly How shall the War be carried on thereby Q. Fourthly How shall the Trade be Recover'd so as to preserve our Coyns and Augment Bullion To the First viz. How shall the Silver be New-Coyned c. Sect. IV. I Humbly Proposed That all the Clip'd Moneys might be called in by a certain day to be limited That the value in weight might be deliver'd out again New-coyn'd And That the Damage accrewing as well to the Publick as the Private persons concern'd by the New-coinage thereof might be made good to Both by issuing so many Bills of Credit made Current By Act of Parliament as would Countervale the same so as there should be no Lessening of the Nation 's Stock and would cost nothing And to facilitate this That All unnecessary Silver-plate especially in Taverns Inns Alehouses and Victualling-houses might be Prohibited called in Coyned and delivered out immediately to such as should bring in the same at 5 s. 3 d. per ounce deducting the Coynage To the Second viz. How shall the Gold be Reduced to it s Coyn'd value Sect. V. I Humbly Propose That all Coyned-Gold may be likewise called in by a certain day And Each piece Punch'd and deliver'd back again to the owner thenceforth to pass but at 20 s. each Guinney c. And that Like Bills of Credit may be also delivered to the parties concern'd for 10 s. more upon each Guinney and so proportionably for other Pieces of Gold c. And thus both Silver and Gold become Reduced to their Coyn'd values without Prejudice Loss or Damage either to the Parties concern'd or to the Publick Stock of the Nation No body is injured but all greatly obliged in thankfulness and loyalty to the King for Recommending the care thereof and to the Parliament for their Enacting the same For thus Our home-Markets and Manufactures will be supplied and carried on in future to General Satisfaction And for preventing as much as may be this additional Charge upon Guinneys I humble propose care may be taken That from henceforth no Guinneys may be Coyned till this Work be over and afterwards only such as shall be distinguished from those already Coyned by some special mark in the Stamp thereof to be passed at 20 s. and no more Which is also the Reason of Propounding All Guinneys already coyned may be Punch'd viz. That they may not be twice allowed for To the Third viz. How shall the War be Carried on thereby Sect. VI. I formerly Proposed 1st That whatsoever Taxes or Assessments should be thought fit and necessary to be Raised or Levy'd for carrying on the present War and other publick charges of the Nation whether By or Upon Lands Tenements or Hereditaments Poll-moneys or Personal Estates might be paid by the Parties so Assessed Quarterly as had been done before in ready Moneys or Silver-plate at 5 s. 3 d. per ounce This I argued to be necessary upon several accounts 1 To assist and facilitate the Coynage proposed And 2 for Pay of our Forces abroad tho' possibly not needful to be all sent over in specie but partly Remitted by Bills of Exchange charged by Merchants c. and partly supplied by the Products Manufactures and Provisions that may be sent from England Scotland and Ireland By which I mean Not only of such things as are needful for the Soldiers or them only but of others to be transported to Our Confederate Countries at Merchantable Rates instead of moneys Out of the Proceed whereof the Soldiers may be paid in the Respective Moneys or Coyns of such Countries Which would be a meanr to keep much of Our Moneys amongst us And Afford Employment to Our own Manufacturers at home in this dead time of trade And keep them in peace Sect. VII 2dly I also Proposed That every person so Assesled who should voluntarily advance and pay in One full years tax at One Entire payment To the Parish or County-Collector or Receiver within One month after demand made of the first quarterly payment might in lieu thereof Have Like Bill or Bills of Credit deliver'd him for the Re-imbursement of his said full