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lord_n easy_a encourage_v great_a 28 3 2.1254 3 false
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ID Title Author Corrected Date of Publication (TCP Date of Publication) STC Words Pages
A52733 A proposal for amending the silver coins of England, and the possibility of it, without any great charge to the nation. Demonstrated in two different ways. Neale, Thomas, d. 1699? 1696 (1696) Wing N349; ESTC R222058 18,870 64

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a_o proposal_n for_o amend_v the_o silver_n coin_n of_o england_n and_o the_o possibility_n of_o it_o without_o any_o great_a charge_n to_o the_o nation_n demonstrate_v in_o two_o different_a way_n london_n print_v for_o the_o author_n and_o be_v to_o be_v sell_v by_o r._n baldwin_n near_o the_o oxford-arm_n in_o warwick-lane_n 1696._o a_o proposal_n for_o amend_v the_o silver_n coin_n of_o england_n etc._n etc._n have_v often_o reflect_v on_o the_o misfortune_n that_o the_o clip_v counterfeit_v and_o melt_v down_o of_o the_o silver_n coin_n of_o england_n will_v bring_v on_o this_o nation_n and_o foreseeing_a that_o i_o shall_v be_v involve_v in_o the_o same_o as_o a_o member_n of_o the_o society_n i_o think_v it_o my_o duty_n to_o bestow_v sometime_o in_o the_o thought_n of_o endeavour_v to_o find_v out_o a_o proper_a remedy_n for_o that_o public_a disease_n be_v encourage_v by_o the_o insight_n i_o have_v have_v already_o into_o that_o matter_n have_v have_v a_o occasion_n to_o apply_v myself_o to_o know_v the_o different_a standard_n of_o gold_n and_o silver_n either_o in_o ingot_n or_o in_o current_n coin_n i_o frame_v then_o a_o project_n about_o two_o year_n ago_o in_o which_o i_o have_v always_o before_o my_o eye_n the_o great_a difficulty_n of_o find_v out_o a_o sufficient_a fund_z to_o carry_v on_o the_o war_n and_o supply_v the_o charge_n of_o amend_v our_o silver_n coin_n it_o be_v true_a the_o distemper_n be_v not_o then_o so_o great_a as_o it_o be_v at_o present_a but_o i_o think_v it_o ought_v speedy_o to_o be_v remedy_v for_o fear_v it_o shall_v become_v worse_o if_o i_o may_v say_v not_o uncurable_a i_o consider_v therefore_o with_o myself_o all_o the_o objection_n that_o i_o think_v be_v make_v at_o this_o day_n and_o i_o hope_v i_o have_v remove_v they_o as_o much_o as_o be_v possible_a human_o speak_v however_o i_o grant_v that_o there_o be_v in_o this_o case_n such_o difficulty_n as_o will_v never_o be_v remove_v if_o no_o body_n will_v contribute_v towards_o it_o as_o for_o example_n it_o be_v certain_a our_o old_a coin_n be_v hardly_o worth_a half_a of_o its_o first_o value_n and_o if_o every_o body_n will_v have_v the_o old_a species_n change_v for_o new_a one_o of_o the_o same_o weight_n standard_n and_o price_n as_o the_o old_a be_v make_v for_o and_o will_v not_o at_o the_o same_o time_n contribute_v any_o thing_n towards_o it_o under_o pretence_n of_o the_o tax_n he_o be_v oblige_v to_o pay_v to_o carry_v on_o the_o war_n i_o do_v know_v how_o they_o may_v be_v satisfy_v unless_o one_o shall_v have_v the_o power_n of_o make_v something_o of_o nothing_o or_o the_o rare_a secret_n so_o much_o inquire_v after_o of_o convert_v our_o lead_n into_o gold_n or_o silver_n but_o if_o man_n be_v more_o reasonable_a and_o be_v once_o sensible_a of_o the_o inconvenience_n that_o bad_a money_n bring_v into_o their_o trade_n and_o of_o the_o loss_n they_o suffer_v daily_o by_o the_o diminution_n of_o the_o coin_n they_o 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to_o encourage_v all_o friend_n and_o true_a lover_n of_o england_n to_o impart_v all_o they_o know_v of_o this_o matter_n so_o that_o their_o project_n be_v compare_v together_o the_o best_a and_o the_o most_o easy_a way_n may_v be_v abstract_v out_o of_o they_o for_o the_o amendment_n of_o our_o silver_n coin_n the_o right_a honourable_a the_o lord_n of_o the_o treasury_n have_v give_v we_o a_o good_a example_n in_o desire_v some_o ingenious_a gentleman_n to_o give_v their_o opinion_n concern_v several_a project_n and_o order_v mr._n lownds_o their_o secretary_n to_o make_v a_o report_n of_o the_o same_o with_o his_o own_o thought_n on_o the_o case_n which_o he_o have_v perform_v with_o a_o great_a deal_n of_o ingenuity_n and_o accuracy_n it_o be_v from_o this_o motive_n that_o i_o make_v bold_a to_o present_v on_o the_o four_o of_o january_n last_o to_o the_o lord_n of_o the_o treasury_n a_o project_n for_o reform_v our_o coin_n which_o since_o that_o time_n i_o have_v labour_v to_o improve_v and_o illustrate_v by_o answer_v all_o the_o difficulty_n and_o objection_n that_o i_o think_v can_v be_v make_v against_o it_o i_o have_v also_o examine_v the_o various_a opinion_n of_o those_o who_o have_v write_v on_o that_o subject_a and_o peruse_v almost_o all_o the_o project_n that_o be_v give_v the_o last_o session_n of_o parliament_n it_o will_v be_v useless_a and_o too_o tedious_a to_o make_v particular_a observation_n on_o those_o project_n and_o therefore_o i_o will_v content_v myself_o with_o these_o few_o general_n proposition_n i._o that_o a_o ounce_n of_o gold_n and_o silver_n of_o the_o same_o weight_n and_o standard_n have_v in_o all_o part_n in_o the_o world_n the_o same_o intrinsic_a value_n as_o here_o in_o england_n ii_o that_o the_o denomination_n of_o the_o piece_n of_o gold_n and_o silver_n or_o the_o raise_n or_o the_o lower_a their_o current_a price_n add_v nothing_o to_o the_o intrinsic_a value_n thereof_o as_o for_o example_n if_o the_o piece_n we_o call_v a_o crown_n be_v raise_v from_o five_o shilling_n to_o ten_o shilling_n or_o lower_v to_o 2_o s._n 6_o d._n it_o be_v always_o the_o same_o piece_n there_o be_v no_o more_o and_o no_o less_o silver_n in_o it_o and_o its_o alloy_n be_v neither_o courser_n nor_o fine_a iii_o if_o its_o intrinsic_a value_n be_v always_o the_o same_o it_o be_v plain_a that_o foreigner_n will_v take_v our_o coin_n according_a to_o it_o and_o not_o according_a to_o its_o denomination_n vi_o that_o our_o coin_n be_v take_v by_o foreigner_n only_o according_a to_o its_o intrinsic_a value_n they_o give_v their_o commodity_n in_o exchange_n in_o proportion_n to_o the_o same_o v._o that_o they_o take_v our_o commodity_n in_o exchange_n for_o they_o or_o for_o gold_n or_o silver_n proportionable_o according_a to_o the_o estimation_n they_o make_v of_o our_o coin_n viz._n according_a to_o its_o intrinsic_a value_n vi_o that_o the_o exchange_n with_o foreign_a country_n be_v always_o fix_v and_o settle_v or_o with_o a_o very_a inconsiderable_a difference_n sometime_o more_o sometime_o less_o according_a to_o what_o we_o owe_v they_o or_o they_o owe_v we_o when_o the_o value_n weight_n and_o standard_n of_o the_o coin_n be_v settle_v vii_o that_o foreigner_n make_v a_o considerable_a profit_n upon_o we_o by_o reason_n of_o the_o uncertainty_n of_o the_o value_n of_o our_o clip_v money_n and_o have_v a_o great_a advantage_n in_o the_o exchange_n take_v the_o occasion_n from_o the_o badness_n of_o our_o mony_n from_o these_o observation_n it_o follow_v that_o the_o raise_n or_o lower_v our_o coin_n be_v nothing_o to_o the_o riches_n of_o our_o country_n but_o that_o it_o be_v high_o necessary_a to_o melt_v down_o all_o the_o clip_v money_n to_o make_v new_a coin_n which_o may_v not_o be_v clip_v and_o to_o fix_v its_o
many_o tradesman_n and_o other_o people_n because_o for_o this_o twelvemonth_n pass_v we_o have_v see_v hardly_o any_o other_o money_n but_o guineas_n 3._o because_o people_n be_v already_o dispose_v to_o it_o and_o have_v it_o not_o be_v for_o a_o act_n of_o parliament_n they_o will_v have_v certain_o raise_v the_o mill_v crown_n thereabouts_o to_o that_o price_n proportionable_o to_o the_o price_n of_o gold_n 4._o i_o have_v fix_v it_o to_o 6_o s._n 8_o d._n rather_o than_o to_o 6_o s._n 6_o d._n without_o any_o other_o mystery_n but_o because_o that_o price_n be_v divisible_a by_o equal_a quantity_n of_o penny_n farthing_n and_o accommodate_v to_o the_o present_a denomination_n of_o crown_n shilling_n etc._n etc._n and_o also_o to_o the_o species_n of_o gold_n 3._o as_o to_o the_o first_o article_n of_o my_o project_n wherein_o i_o say_v there_o be_v about_o one_o three_o part_n of_o our_o coin_n lose_v by_o clip_v i_o know_v that_o some_o ingenious_a man_n be_v of_o another_o opinion_n and_o that_o they_o pretend_v that_o there_o be_v abundance_n of_o old_a money_n unclipt_a hoard_v up_o i_o wish_v it_o may_v prove_v so_o but_o that_o be_v so_o far_o from_o be_v a_o objection_n to_o my_o project_n that_o it_o make_v it_o more_o easy_a i_o own_o i_o have_v suppose_v the_o thing_n at_o the_o worst_a but_o a_o table_n hereunto_o annex_v will_v make_v it_o more_o plain_a and_o therein_o i_o have_v calculate_v how_o many_o ounce_n of_o silver_n we_o want_v to_o make_v good_a the_o loss_n when_o i_o present_v my_o project_n to_o the_o lord_n of_o the_o treasury_n i_o suppose_v there_o be_v but_o four_o million_o and_o a_o half_a of_o silver_n money_n in_o england_n but_o upon_o better_a information_n i_o have_v think_v i_o may_v suppose_v five_o 4._o i_o demand_v two_o year_n time_n to_o melt_v down_o all_o the_o old_a silver_n coin_n of_o england_n and_o to_o make_v the_o new_a for_o the_o follow_a reason_n 1._o because_o it_o be_v difficult_a to_o have_v mint_n enough_o to_o do_v it_o in_o a_o short_a time_n 2._o suppose_v there_o shall_v be_v mint_n enough_o yet_o it_o will_v be_v necessary_a to_o allow_v two_o year_n time_n for_o if_o there_o be_v but_o one_o allow_v the_o price_n of_o silver_n which_o must_v fall_v gradual_o shall_v fall_v too_o sudden_o viz._n every_o six_o month_n and_o so_o the_o inhabitant_n of_o the_o remote_a county_n from_o london_n shall_v hardly_o have_v time_n enough_o to_o be_v acquaint_v with_o it_o 3._o i_o grant_v that_o there_o be_v no_o time_n to_o be_v lose_v in_o this_o affair_n but_o too_o great_a a_o precipitation_n may_v be_v liable_a to_o as_o great_a inconvenience_n as_o a_o delay_n and_o after_o all_o people_n must_v have_v time_n to_o carry_v their_o old_a money_n to_o the_o mint_n and_o the_o mint_n must_v have_v time_n to_o coin_v it_o it_o will_v be_v well_o enough_o if_o we_o be_v in_o the_o mean_a time_n supply_v with_o new_a coin_n for_o sum_n not_o exceed_v 10_o l._n and_o bill_n upon_o the_o bank_n for_o great_a one_o by_o the_o changer_n as_o it_o be_v in_o my_o proposal_n for_o this_o answer_v all_o our_o want_n 5._o it_o be_v just_a and_o more_o convenient_a that_o the_o mint_n shall_v take_v the_o old_a coin_n rather_o by_o weight_n than_o by_o any_o other_o way_n and_o it_o will_v be_v a_o great_a satisfaction_n for_o the_o king_n and_o the_o nation_n that_o in_o the_o book_n appoint_v for_o that_o purpose_n at_o the_o mint_n or_o in_o the_o hand_n of_o the_o changer_n there_o shall_v be_v several_a column_n whereof_o one_o shall_v be_v for_o the_o weight_n and_o the_o other_o for_o the_o old_a estimation_n in_o pound_n shilling_n and_o penny_n 6._o it_o be_v propose_v that_o the_o old_a money_n be_v take_v in_o current_a payment_n at_o a_o certain_a rate_n the_o better_a to_o carry_v on_o our_o trade_n till_o we_o have_v new_a money_n enough_o 7._o i_o suppose_v the_o new_a crown_n to_o weigh_v a_o full_a ounce_n though_o i_o know_v it_o do_v weigh_v only_o 19_o dw_n 8_o gr_n and_o a_o half_a which_o make_v a_o allowance_n of_o about_o 3_o and_o one_o third_z per_fw-mi cent_z for_o the_o melt_a and_o the_o stamp_n so_o that_o if_o a_o pound_n weight_n of_o silver_n standard_n value_v at_o three_o pound_n be_v cut_v as_o it_o be_v usual_a in_o 62_o shilling_n a_o pound_n and_o eight_o ounce_n of_o silver_n which_o will_v cost_v but_o 5_o l._n will_v make_v 103_o shilling_n and_o fourpence_n in_o number_n though_o they_o be_v but_o of_o the_o same_o weight_n i_o say_v that_o a_o old_a crown_n weigh_v 15_o dw_n be_v to_o be_v current_n and_o take_v at_o the_o mint_n for_o five_o shilling_n which_o be_v a_o necessary_a consequence_n from_o what_o i_o say_v at_o first_o concern_v the_o price_n of_o silver_n for_o if_o a_o new_a crown_n weigh_v a_o ounce_n be_v worth_a 6_o s._n 8_o d._n a_o old_a crown_n of_o silver_n standard_n of_o 15_o dw_n must_v by_o the_o same_o reason_n be_v worth_a 5_o s._n 8._o silver_n be_v the_o centre_n of_o trade_n and_o all_o thing_n in_o the_o world_n either_o land_n house_n good_n diamond_n and_o other_o commodity_n be_v but_o its_o circumference_n so_o that_o if_o the_o price_n of_o silver_n be_v not_o fix_v it_o be_v impossible_a to_o make_v a_o just_a estimation_n of_o commodity_n as_o it_o be_v impossible_a to_o say_v how_o far_o the_o circumference_n be_v from_o the_o centre_n if_o the_o centre_n be_v not_o fix_v it_o be_v then_o high_o necessary_a to_o fix_v the_o price_n of_o silver_n in_o quantity_n quality_n and_o estimation_n either_o coin_v or_o not_o coin_v the_o price_n of_o quantity_n of_o silver_n not_o coin_v be_v fix_v in_o england_n by_o the_o weight_n of_o a_o pound_n contain_v 12_o ounce_n troy_n the_o ounce_n of_o 20_o dw_n and_o the_o dw_n of_o 24_o gr_n the_o price_n of_o quantity_n of_o silver_n coin_v be_v fix_v from_o a_o number_n of_o piece_n that_o the_o king_n order_n to_o be_v cut_v from_o a_o pound_n weight_n of_o silver_n as_o 12_o crown_n 62_o shilling_n etc._n etc._n the_o price_n of_o quality_n of_o silver_n not_o coin_v be_v fix_v by_o the_o assay_v that_o be_v make_v to_o know_v whether_o it_o be_v better_a or_o worse_o than_o standard_n and_o of_o silver_n coin_v by_o the_o standard_n of_o the_o same_o which_o be_v 11_o ounce_n 2_o dw_n fine_a 18_o dw_n allay_v the_o price_n of_o estimation_n of_o silver_n coin_v be_v fix_v by_o public_a authority_n be_v order_v that_o a_o crown_n piece_n weigh_v 19_o dw_n 8_o gr_n ½_o be_v esteem_v five_o shilling_n etc._n etc._n but_o the_o price_n of_o estimation_n of_o silver_n not_o coin_v be_v not_o fix_v in_o england_n and_o i_o think_v it_o be_v absolute_o necessary_a to_o fix_v it_o as_o to_o the_o price_n of_o quantity_n and_o quality_n of_o silver_n i_o believe_v it_o will_v be_v very_o difficult_a if_o not_o impossible_a to_o fix_v it_o in_o a_o better_a way_n than_o it_o be_v now_o and_o beside_o the_o least_o alteration_n in_o this_o case_n will_v be_v liable_a to_o many_o inconvenience_n 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