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A37157 A discourse upon coins by Signor Bernardo Davanzati, a gentleman of Florence, being publickly spoken in the academy there, anno 1588 ; translated out of Italian by John Toland.; Lezione delle monete. English Davanzati, Bernardo, 1529-1606.; Toland, John, 1670-1722. 1696 (1696) Wing D301; ESTC R10162 15,606 30

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Advice in that Extremity which being over all matters were settl'd as formerly However had it continu'd does it not follow that as Money was brought down from twelve to one so the Prices of things would be rais'd from one to twelve The old Country-woman that us'd to sell her dozen of Eggs for an Assis of twelve Ounces seeing it look now so deform'd and reduc'd to one Ounce would have said Gentlemen either give me an Assis of twelve Ounces or twelve of those paultry ones that weigh but one Ounce or I 'll give you an Egg apiece for your Asses chuse which you will 25. Remove then all the thoughts of debasing the Coin and pluck up the Seeds of this Mischief Let not the Mint gain by any means for truly 't is a most scandalous business to lessen other Peoples Metal that is sent thither to be coin'd Greediness is a Crime that was punish'd by God with the Death of Eli the Priest in Shilo and with that of his two Sons Hophni and Phineas his Ministers who cut off for their own Tables the best of every Offering brought them to sacrifice The Gentiles did better who eat all the Victim except the Fat that run out of it as if the Gods would have the Soul only for their share so Strabo and Catullus say Gnarus ut accepto veneretur carmine Divos Omentum in Flamma pingue liquefaciens 26. Now to take away all Temptation of Gain to wash off all the Marks of it and to make this Matter creditable plain and safe command that Money pass according to its intrinsick Value that is for as much Gold or Silver as there is in it and that Money of the same Allay be worth as much in Bar as when it is coin'd so that the Metal like an amphibious Animal may without any Expence indifferently pass from Bullion into Coin and from Coin into Bullion In a word let the Mint deliver out the same Metal in Money that it receiv'd in to coin Would you have then some will say the Mint to bear all the Expence Yes certainly many eminent Civil Lawyers contend that the Publick must be at the Charge of maintaining this Blood in the Common-wealth as they pay the Souldiers and the Salaries of Magistrates for the Preservation of Liberty and Justice Others think it equitable that Money should pay its own Minting by being made somewhat worse and yet of more Value than so much Bullion like Vessels Furniture or other things whereupon any Labour is bestow'd So very often the Workmanship is of greater Value than the Materials as those two Beakers of Silver wrought by Mentor which Lucius Crassus the Orator bought for 2500 Florins of Gold yet never drunk out of them afterwards And the Husbands of our time can tell whether the Embroideries and other little Trangums of the Women cost 'em more than the Clothes they are to set off 26. After all the old Custom of Money 's paying its own Coinage the People looking on and suffering it pleads Prescription and the Prince is in Possession of it I shall not dispute with my Masters but I may say that if the Mint ought not to bear this Charge yet it should be made as easy as possible and the Stamps be rather less beautiful But why should not we return as some desire it to the old way of casting Money for it has all the Advantages that can be wish'd Two Stamps of Steel can mark both sides of a Piece in two Molds of Copper so that two Men without any more Expences than Waste Boiling and Coals may in one day coin any great Sum in pieces of equal Weight and Fineness and for that reason more apt to discover clipping or counterfeiting For Money that is made of false Metal if it be of any ordinary Body cannot escape being found out by its Weight in the Scales and if it be broader or narrower thicker or thinner than it should be it cannot ●mpose upon the Eyes Nor had it been more than Justice if Officers were appointed to see it melted allay'd and cast before the People within those Iron Grates ordain'd for that purpose by our good and wise old Citizens after the Example of the Romans who religiously perform'd all this nice business of Money in the Temple of Juno the Doors being set wide open that the People might freely see what so nearly concern'd them 27. Who does not perceive that by such means as these we might eradicate those pernicious Weeds of Expence Fraud and Gain which being only lopt never fail to grow again and to debase the Coin Lastly I shall add as a Corollary that Traffick has so much trouble and difficulty in it upon the account of this blessed Money that it would be better perhaps to do without it and to pass our Gold and Silver by Weight and Size as they did in the Primitive Times and is still us'd in China where they always carry about them their Shears and Scales and have nothing to fear but the Allay which by Vse and the Touchstone is easily discover'd Concerning the Generation of Metals the Excellency of Gold and Silver the Origin of buying and selling with that of Money when why and by whom Money was first invented and us'd of the Names of the Essence and the Importance thereof of its debasing and the Causes of it with the Damages and Scandals that are the Consequences of it and their proper Remedies let it suffice most patient Auditors to have discours'd those few things by me thought convenient for this time and place not for your Instruction Gentlemen but for your Entertainment FINIS Books printed for and sold by A. and J. Churchill at the Black Swan in Pater-Noster-Row A View of Universal History from the Creation to the Year of Christ 1695. By Francis Tallents sometime Fellow of Magdalen College Cambridg The whole graven in 16 Copper-Plates each 15 Inches deep and 12 broad bound up into Books the Sheets lined Price 16 s. Cambden's Britannia newly translated into English with large Additions and Improvements By Edmond Gibson of Queen's-College in Oxford The General History of the Air. By R. Boyl Esq 4o. A compleat Journal of the Votes Speeches and Debates both of the House of Lords and Commons throughout the whole Reign of Queen Elizabeth Collected by Sir Simond Dewes Baronet and published by Paul Bowes of the Middle Temple Esq 2 d Edit Fol. The Works of the famous Nich. Machiavel Citizen and Secretary of Florence Written originally in Italian and from thence faithfully translated into English Fol. Mr. Lock 's Essay concerning Human Understanding The third Edition with large Additions Fol. His Thoughts of Education Octavo The Fables of Aesop and other Mythologists made English by Sir Roger L' Estrange Kt. Fol. Two Treatises of Government The first an Answer to Filmer's Patriarcha The latter an Essay concerning the true Original Extent and End of Civil Government Octavo Notitia Monastica Or A short History of the Religious Houses in England and Wales c. By Thomas Tanner A. B. Octavo The Resurrection of the same Body asserted from the Tradition of the Heathens the Antient Jews and the Primitive Church With an Answer to the Objections brought against it By Humphry Hody D. D. Bishop Wilkins of Prayer and Preaching Enlarged by the Bishop of Norwich and Dr. Williams Octavo Considerations about lowering the Interest and raising the Value of Money Octavo Short Observations on a printed Paper Entituled For encouraging the coining of Silver Money in England and after for keeping it here 8 o Sir W. Temple's History of the Netherlands Octavo Miscellanea Octavo Dr. Gibson's Anatomy of Human Bodies with Figures Octavo Dr. Patrick's new Version of all the Psalms of David in Metre 12o. Two Treatises of Natural Religion Octavo Gentleman's Religion with the Grounds and Reasons of it The Novels and Tales of the Renowned John Boccacio the first Refiner of Italian Prose containing an hundred curious Novels By seven Honourable Ladies and three noble Gentlemen framed in ten days The fifth Edition much corrected and amended Logica sive Ars Rationandi Ontilogia sive De Ente in genere Pneumatologia seu de spiritihu Autore Joanne Clerico 12 o The Lives of the Popes from the time of our Saviour Jesus Christ to the Reign of Sixtus IV. By Sir Paul Rycaut Kt. The Second Edition corrected The Meditations of Marcus Aurelius Antonimus the Roman Emperor concerning himself To which is added the Life of Antoninus with some Remarks upon the whole By Monsieur and Mad. Dacier Never before in English 8o. Sermons preach'd by Dr. R. Leighton late Arch-bishop of Glasgow The Second Edition 8o. The Roman History written in Latin by Titus Livius with the Supplements of the Learned John Freinshemius and John Dujatius Faithfully done into English Folio Anicius Manlius Severinus Boetius of the Consolation of Philosophy In five Books Made English by the Right Honourable Richard Lord Viscount Preston 8o. Sir Richard Baker's Chronicle of the Kings of England continued down to this Time The Reasonableness of Christianity as delivered in the Scriptures 8o. Prince Arthur an Heroick Poem In ten Books By R. Blackmore M. D. Fellow of the College of Physicians London Folio The Christians Defence against the fear of Death with seasonable Directions how to prepare themselves to die well Written originally in French by Char. Drelincourt of Paris translated into English by M. D. Assigny B. D. Third Edition The Royal Grammar containing a new and easy Method for the speedy attaining the Latin Tongue
in time by too much handling and frequent counting grow lighter or that a Grain for Example is taken off it by some illegal Practice the People in the mean while either take no notice of so small a matter or care not and so the Money passes Hereupon the dishonest Coiner says to his Lord Since your Money Sir is one Grain lighter 't is fitter you should get by it than that others clip it and so a Grain is taken off it The neighbouring States seeing this diminish theirs likewise Some time after they fall to it again and take off another Grain and then another and so on Thus for sixty Years past this Worm has consum'd above the third part of the Silver in Europe and it must at last if this Practice continue be brought to nothing or to those Nail-heads which perhaps was the Iron-Money that Lycurgus gave the Spartans 19. The Damage is manifest because by how much Money is debas'd whether in Allay or Weight by so much are lessen'd the publick Revenues and the Credit and Estates of private Men who so far receive less Gold or Silver And he that has but little Money can buy but few things which are the only true Riches for no sooner is Money debas'd but all things grow dear And there is Reason for it because as Carafulla who was no Fool delivers the Etymology of the word vendo to sell comes from venio to come and do to give for things are given in sale because you expect there should come to you in Exchange so much Metal as is wont or is believ'd to be in the Money and not so many Stamps or Denominations or Pieces If that same quantity of Silver be at present in one hundred and nine pieces which us'd before to be in a hundred only must not one hundred and nine be now paid for that which formerly cost but a hundred 20. Threescore Years ago our Florin was worth seven Livres now 't is exchang'd for ten And why because there was at that time as much good Silver in those seven Livers as there is now in ten So that at present seven Livers cannot purchase a whole Florin but only seven parts in ten The other three parts are vanish'd and by so much are lessen'd the publick Revenues with the Estates of private Men. Now here may be perceiv'd how great an Injury Princes do to themselves for tho they gain once by robbing the poor People of what is taken from the Money yet they lose by it ever after being forc'd to receive their Revenues in the same Coin Hence spring Disorders and Confusions because the People do by the Novelty of the Coins and Prices which measure things become in a manner Strangers in their own Country and not less confounded than if the Weights and publick Measures were alter'd with which they were wont to contract for Corn Liquor Cloth c. But what worse thing can be done to the Common-wealth than every day to change the Laws Coins Offices Customs and as it were to renew the Members of it To make muddy or rather to poison the common Fountain of the City 21. More Confusions still follow upon debasing of Money for when Silver is debas'd the Price of Gold must consequently rise as it was said before of our Florin rais'd from seven to ten Livers Otherwise the common Proportion between Silver and Gold which at this time is that of one to twelve or thirteen could not hold for all the Gold would be bought up and carried where it was worth more Silver Great Difficulties therefore and Quarrels would happen about the payment of Legacies Taxes Rents Profits and of all Debts contracted when the Money was good A Debtor of a Gold Florin of seven Livres would say to his Creditor Sir here are seven Livres which I ow'd you The Creditor answers You must pay me ten Livres for a Gold Florin which you promis'd to pay me is now worth so much and if this pleases you not pay me a Gold Florin flower-deluc'd and stamp'd as when we bargain'd The Debtor replies If I give you a Florin of seven Livers as the Proclamation sings I do enough If the Prince has debas'd the Money it is a common Storm and we are all in the same Ship Complain not of me but of the Prince And truly the People have reason to complain of him being involv'd in such cruel Difficulties and Tumults as even the wise know not how to be deliver'd from for some of 'em are for maintaining the Law in this case others the Intention of it some are for the Rigor and others for the Equity of it 22. But how shall the Prince help debasing the Money Suppose it be made bad by his Neighbours by Time or evil Practices that all the good be spirited or exported and after vanishing a while it appears again made worse must the City be fill'd with foreign base and clipt Money and the People be plagu'd with it as if they were to feed upon mouldy Bread I answer that no such Money is to be suffer'd by any means That every one may be secure from being cheated let it be quickly remov'd but by just and discreet Methods Let there be certain Persons appointed to receive it and to pay the just value thereof without making any Gain or Profit by it So every one will bring it to be chang'd and obey most readily when they perceive they are to suffer none or a very inconsiderable Loss Thus a great Master in Politicks ordain'd in the 5 th Book of his Laws that the Government should not take the bad Money from those who brought it from Abroad but might justly pay it after the manner of the Country 23. There can be no danger that your Money for being too good should be exported and recoin'd for I presume it is not bestow'd upon him that carries it Abroad but paying for it after the rate of good Money he leaves as we say his Skin behind him and if it be made bad it passes and is exchang'd only for bad Money A hundred Livres of Florence go for a hundred and six of those of Lucca he that takes by Exchange an hundred Livres in Florence does but labour in vain We don't find therefore that Lucca nor any other City are emptying Florence of its Money to re-coin it since the Exchange has every way levell'd and made it equal 28. It is not fit then that because others debase their Money you do so too Rather let what has been once receiv'd always pass because so the People are in no danger of losing of being cheated or offended The Egyptians cut off both their Hands who falsified the publick Weights and Measures But what greater falsifying can there be than diminishing the Money that is basely to pilfer People of their Goods Rome being straitn'd by Hannibal and drain'd of Money they coin'd their Assis of one Ounce that weigh'd twelve before But this was done by publick