a_o reply_n to_o the_o defence_n of_o the_o bank_n set_v forth_o the_o unreasonableness_n of_o their_o slow_a payment_n to_o which_o be_v add_v 1._o the_o mischief_n that_o attend_v the_o buy_v and_o sell_v bank-note_n 2._o the_o advantage_n england_n will_v reap_v by_o have_v the_o unclipped_a hammer_v money_n pass_v currant_n into_o the_o exchequer_n by_o weight_n in_o a_o letter_n to_o his_o friend_n in_o the_o country_n by_o a_o true_a lover_n of_o his_o country_n and_o the_o present_a government_n london_n print_v for_o e._n whitlock_n and_o sell_v by_o most_o bookseller_n 1696._o a_o reply_n to_o the_o defence_n of_o the_o bank_n etc._n etc._n sir_n it_o be_v not_o without_o some_o reluctancy_n and_o scruple_n that_o i_o have_v undertake_v to_o write_v the_o follow_a discourse_n against_o the_o bank_n because_o many_o people_n i_o know_v be_v of_o opinion_n that_o the_o interest_n of_o the_o government_n be_v so_o interweave_v with_o that_o of_o the_o bank_n that_o whatever_o be_v say_v against_o the_o latter_a be_v imply_v to_o be_v against_o the_o former_a who_o happiness_n and_o prosperity_n i_o solemn_o profess_v none_o can_v more_o sincere_o wish_v for_o than_o myself_o but_o if_o the_o bank_n presume_v on_o the_o favour_n and_o obligation_n of_o the_o government_n to_o justify_v all_o their_o proceed_n be_v lead_v to_o the_o practice_n of_o such_o thing_n as_o be_v diametrical_o opposite_a to_o the_o interest_n and_o support_v of_o the_o nation_n and_o the_o end_n for_o which_o they_o be_v establish_v and_o be_v thereby_o the_o chief_a cause_n of_o our_o present_a hardship_n which_o we_o lie_v under_o with_o respect_n to_o the_o coin_n and_o since_o they_o have_v the_o confidence_n to_o vindicate_v their_o present_a method_n of_o pay_v though_o it_o be_v far_o short_a of_o what_o they_o pay_v four_o or_o five_o month_n ago_o when_o one_o ten_o part_n of_o the_o new_a money_n be_v not_o coin_v which_o we_o have_v now_o and_o they_o perhaps_o near_o ten_o time_n as_o many_o note_n out_o against_o they_o of_o which_o more_o by_o and_o by_o i_o say_v to_o be_v silent_a and_o suffer_v these_o practice_n and_o vindication_n thereof_o to_o pass_v without_o detection_n or_o take_v notice_n thereof_o be_v tacit_o to_o sit_v down_o and_o let_v they_o act_v at_o discretion_n notwithstanding_o they_o be_v seem_o never_o so_o far_o remote_a in_o their_o act_n from_o reason_n honesty_n and_o good_a conscience_n and_o true_o in_o all_o appearance_n it_o be_v high_a time_n there_o shall_v be_v a_o more_o close_a disquisition_n make_v into_o their_o proceed_n as_o to_o receipt_n and_o payment_n which_o be_v the_o latter_a good_a and_o plausible_a according_a to_o their_o ability_n and_o in_o due_a proportion_n as_o they_o pretend_v they_o will_v i_o think_v be_v so_o far_o from_o endeavour_v to_o screen_n and_o mask_n the_o same_o from_o the_o inspection_n and_o knowledge_n of_o the_o government_n that_o it_o shall_v be_v the_o first_o thing_n they_o do_v to_o give_v a_o general_a satisfaction_n in_o this_o matter_n which_o seem_v so_o strange_a and_o unaccountable_a to_o the_o most_o part_n of_o indifferent_a or_o unbiased_a man_n and_o which_o will_v they_o give_v public_a demonstration_n of_o it_o will_v much_o retrieve_v their_o languish_a credit_n and_o encourage_v the_o government_n to_o complete_a the_o same_o but_o i_o be_o afraid_a we_o shall_v see_v no_o such_o thing_n do_v voluntary_o by_o they_o unless_o it_o be_v by_o order_n of_o parliament_n no_o they_o think_v themselves_o in_o the_o right_n and_o express_v a_o great_a deal_n of_o spleen_n and_o malice_n if_o you_o do_v but_o in_o the_o least_o call_v their_o process_n in_o question_n though_o at_o the_o same_o time_n it_o be_v plain_a that_o a_o i_o promise_v to_o pay_v etc._n etc._n be_v scarce_o more_o mind_v than_o if_o it_o be_v i_o promise_v never_o to_o pay_v etc._n etc._n to_o this_o the_o author_n in_o his_o banker_n his_o the_o defence_n of_o the_o banker_n book_n you_o demand_v my_o thought_n of_o have_v be_v please_v to_o answer_v in_o their_o vindication_n one_o that_o get_v more_o by_o they_o no_o doubt_n than_o the_o generality_n of_o people_n do_v and_o to_o ascribe_v their_o present_a slow_a payment_n 1._o to_o the_o alteration_n of_o the_o coin_n and_o not_o to_o any_o mismanagement_n of_o the_o director_n 2._o to_o the_o clip_v money_n for_o which_o the_o note_n now_o demand_v payment_n of_o be_v give_v 3._o to_o the_o method_n which_o have_v be_v take_v to_o make_v good_a the_o coin_n deficiency_n pag._n 11._o as_o to_o his_o first_o allegation_n that_o the_o slow_a payment_n of_o the_o bank_n be_v not_o owe_v to_o the_o mismanagement_n of_o the_o director_n i_o must_v tell_v he_o that_o i_o wish_v they_o be_v not_o in_o part_n owe_v to_o their_o dishonesty_n in_o apply_v the_o cash_n to_o wrong_v purpose_n etc._n etc._n which_o shall_v pay_v their_o note_n however_o i_o believe_v one_o may_v safe_o say_v that_o the_o discredit_v they_o have_v make_v themselves_o and_o misery_n they_o have_v make_v the_o nation_n especial_o london_n obnoxious_a to_o be_v in_o a_o great_a measure_n owe_v to_o their_o mismanagement_n for_o their_o gain_n be_v very_o considerable_a which_o they_o make_v of_o man_n money_n in_o the_o exchequer_n which_o they_o shall_v have_v answer_v to_o they_o six_o month_n ago_o but_o since_o their_o loan_n be_v still_o go_v on_o there_o and_o they_o have_v make_v it_o a_o custom_n to_o satisfy_v people_n demand_n with_o little_a or_o nothing_o they_o have_v small_a reason_n either_o to_o be_v forward_o in_o receive_v the_o same_o out_o or_o in_o pay_v it_o if_o they_o have_v it_o which_o great_a advantage_n have_v they_o not_o long_o since_o premeditate_v but_o have_v design_v to_o make_v their_o payment_n and_o support_v the_o credit_n of_o the_o bank_n by_o all_o mean_v possible_a they_o will_v never_o have_v be_v so_o stupid_a one_o will_v think_v to_o take_v clip_v money_n into_o the_o bank_n to_o the_o very_a last_o by_o tale_n and_o give_v their_o note_n for_o it_o payable_a at_o demand_n for_o they_o may_v have_v see_v with_o half_a a_o eye_n that_o if_o the_o bank_n receive_v most_o of_o the_o clip_v money_n from_o the_o town_n and_o the_o exchequer_n receive_v it_o from_o the_o bank_n and_o that_o this_o money_n be_v to_o circulate_v no_o long_o in_o that_o specie_fw-la and_o there_o be_v no_o other_o to_o supply_v the_o deficiency_n during_o the_o new_a fabrication_n of_o this_o old_a money_n or_o at_o most_o nothing_o but_o gold_n which_o possible_o like_o a_o great_a many_o other_o selfish_a head_n they_o resolve_v not_o to_o part_v with_o in_o hope_n that_o want_v of_o cash_n appear_v may_v induce_v the_o parliament_n to_o advance_v the_o nominal_a value_n i_o say_v they_o may_v easy_o have_v perceive_v without_o the_o gift_n of_o prophecy_n that_o consider_v the_o premise_n they_o can_v not_o answer_v the_o demand_n upon_o they_o why_o be_v they_o then_o blame_v for_o not_o pay_v their_o note_n since_o it_o be_v confess_v it_o can_v not_o be_v expect_v from_o they_o the_o answer_n be_v very_o easy_a for_o though_o by_o their_o ill_a management_n they_o have_v make_v it_o unlikely_a for_o they_o to_o make_v payment_n according_a to_o their_o way_n of_o proceed_v in_o take_v in_o the_o clip_v money_n and_o give_v note_n for_o it_o at_o demand_n yet_o have_v they_o take_v none_o in_o but_o of_o those_o that_o will_v have_v take_v their_o note_n for_o it_o payable_a at_o the_o end_n of_o six_o month_n after_o date_n they_o will_v by_o that_o time_n have_v be_v able_a in_o all_o probability_n to_o perform_v their_o promise_n and_o though_o by_o this_o mean_v they_o may_v not_o have_v have_v so_o much_o money_n throw_v into_o their_o hand_n they_o will_v however_o have_v be_v no_o loser_n thereby_o for_o by_o maintain_v their_o credit_n in_o this_o point_n where_o one_o person_n lay_v their_o cash_n with_o they_o now_o a_o hundred_o will_v which_o will_v have_v make_v they_o much_o more_o gainer_n than_o they_o can_v be_v loser_n by_o refuse_v the_o clip_v money_n and_o have_v prevent_v the_o many_o mischief_n come_v upon_o the_o nation_n as_o well_o as_o discredit_v to_o themselves_o by_o buy_v and_o sell_v their_o note_n of_o which_o more_o by_o and_o by_o but_o suppose_v that_o notwithstanding_o they_o have_v give_v their_o note_n for_o the_o clip_v money_n to_o pay_v only_o at_o the_o end_n of_o six_o month_n and_o can_v not_o then_o have_v be_v able_a to_o perform_v it_o will_v nevertheless_o some_o may_v say_v have_v be_v as_o great_a a_o detraction_n from_o their_o credit_n as_o their_o present_a nonpayment_n be_v and_o themselves_o will_v have_v be_v the_o great_a loser_n by_o refuse_v to_o give_v their_o note_n for_o the_o clip_v
money_n payable_a at_o demand_n which_o have_v they_o do_v they_o can_v but_o have_v forfeit_v their_o credit_n which_o they_o have_v do_v notwithstanding_o their_o note_n be_v only_o give_v to_o pay_v at_o the_o end_n of_o six_o month_n to_o this_o i_o answer_v that_o have_v they_o give_v their_o note_n for_o the_o clip_v money_n payable_a at_o the_o end_n of_o six_o month_n many_o will_v have_v refuse_v lay_v their_o money_n with_o they_o on_o such_o term_n and_o indeed_o it_o will_v have_v be_v more_o man_n interest_n to_o have_v sell_v it_o by_o weight_n than_o to_o put_v it_o in_o their_o hand_n for_o i_o have_v calculate_v that_o the_o loss_n be_v great_a that_o be_v occasion_v by_o the_o slow_a payment_n of_o the_o bank_n than_o that_o of_o the_o difference_n between_o new_a and_o clip_v money_n which_o refusal_n will_v however_o have_v make_v their_o debt_n less_o and_o consequent_o soon_o pay_v now_o if_o it_o have_v so_o happen_v that_o they_o can_v not_o have_v answer_v in_o cash_n the_o note_n that_o will_v have_v come_v upon_o they_o at_o the_o end_n of_o six_o month_n which_o will_v have_v be_v strange_a consider_v what_o great_a sum_n of_o new_a money_n will_v have_v be_v throw_v into_o their_o hand_n yet_o they_o may_v and_o i_o think_v aught_o in_o conscience_n to_o have_v pay_v the_o great_a of_o their_o debt_n in_o tally_n that_o so_o every_o one_o may_v receive_v his_o own_o money_n out_o of_o the_o exchequer_n with_o the_o interest_n thereof_o from_o the_o time_n of_o demand_n and_o they_o can_v not_o choose_v if_o they_o have_v be_v willing_a but_o they_o must_v have_v be_v able_a to_o answer_v all_o their_o lesser_a note_n in_o new_a money_n and_o guineas_n which_o have_v they_o do_v without_o make_v any_o defaulcation_n they_o will_v not_o only_o have_v reap_v the_o advantage_n i_o have_v mention_v above_o but_o as_o a_o consequence_n thereof_o they_o will_v have_v have_v many_o thousand_o of_o pound_n continue_v in_o their_o hand_n which_o by_o reason_n of_o the_o loss_n of_o credit_n be_v call_v for_o out_o so_o that_o as_o to_o this_o particular_a of_o mismanagement_n i_o will_v appeal_v to_o all_o disinterest_v person_n whether_o their_o slow_a payment_n and_o consequent_o our_o misfortune_n in_o this_o matter_n be_v not_o owe_v thereto_o 2._o the_o second_o argument_n our_o author_n make_v use_v of_o to_o vindicate_v the_o slow_a payment_n of_o the_o bank_n be_v will_v those_o who_o so_o impatient_o demand_v payment_n be_v satisfy_v to_o take_v the_o same_o sort_n of_o money_n their_o note_n be_v give_v for_o which_o be_v either_o in_o clip_v money_n or_o guineas_n at_o a_o overvalue_v i_o answer_v yes_o with_o all_o their_o heart_n if_o the_o the_o bank_n will_v allow_v they_o the_o advantage_n they_o have_v make_v thereof_o since_o it_o be_v demand_v and_o they_o will_v be_v gainer_n thereby_o as_o i_o have_v show_v before_o rather_o than_o be_v plague_v with_o receive_v it_o as_o the_o bank_n please_v to_o pay_v it_o 3_o l._n of_o 100_o once_o in_o three_o month_n after_o a_o day_n or_o two_o attendance_n but_o what_o a_o unreasonable_a question_n be_v this_o for_o the_o note_n be_v give_v for_o the_o then_o current_a money_n which_o only_o be_v now_o demand_v and_o though_o it_o be_v clip_v and_o the_o gold_n above_o the_o now_o currant_n value_n yet_o i_o believe_v i_o may_v appeal_v to_o their_o own_o conscience_n if_o they_o pay_v it_o not_o into_o the_o king_n exchequer_n at_o the_o same_o rate_n especial_o the_o silver_n they_o take_v it_o from_o other_o and_o as_o to_o the_o gold_n if_o they_o lose_v much_o by_o it_o consider_v how_o prudent_o the_o parliament_n lower_v the_o same_o and_o how_o gradual_o the_o currant_n value_n become_v less_o as_o from_o 30_o s._n to_o 29_o from_o 29_o to_o 28_o etc._n etc._n till_o they_o come_v to_o 25_o and_o then_o to_o 22_o s._n i_o say_v if_o their_o loss_n be_v great_a consider_v this_o their_o management_n may_v yet_o more_o just_o be_v blame_v but_o i_o can_v see_v how_o they_o shall_v lose_v by_o guineas_n for_o as_o i_o remember_v they_o never_o take_v they_o but_o under_o the_o currant_n value_n nor_o will_v they_o take_v any_o or_o but_o few_o while_o the_o value_n of_o they_o be_v decline_v so_o that_o if_o the_o balance_n of_o their_o account_n of_o guineas_n be_v know_v which_o they_o receive_v and_o pay_v from_o the_o time_n of_o their_o be_v establish_v a_o bank_n to_o the_o 10_o of_o april_n 1696_o when_o guineas_n be_v not_o to_o pass_v currant_n at_o above_o 22_o s._n i_o doubt_v not_o but_o they_o will_v be_v find_v to_o gain_v some_o thousand_o of_o pound_n thereby_o but_o suppose_v it_o be_v as_o our_o author_n say_v that_o they_o do_v lose_v by_o guineas_n so_o do_v many_o a_o one_o who_o must_v not_o therefore_o make_v that_o a_o evasion_n to_o avoid_v pay_v his_o debt_n which_o i_o doubt_v not_o but_o the_o bank_n may_v have_v find_v a_o hundred_o way_n to_o have_v compass_v have_v they_o be_v as_o good_a manager_n for_o the_o public_a as_o themselves_o for_o what_o though_o the_o money_n pay_v into_o the_o bank_n be_v clip_v do_v that_o make_v they_o have_v one_o farthing_n worth_a of_o tally_n less_o and_o consequent_o be_v they_o a_o farthing_n the_o poor_a no_o one_o can_v pretend_v it_o indeed_o have_v the_o bank_n take_v it_o by_o tale_n and_o pay_v it_o only_o by_o weight_n into_o the_o exchequer_n their_o plea_n for_o their_o present_a payment_n have_v be_v more_o reasonable_a but_o since_o the_o king_n take_v it_o from_o they_o at_o the_o rate_n they_o receive_v it_o from_o other_o i_o see_v no_o reason_n why_o it_o be_v be_v clip_v shall_v be_v a_o apology_n for_o their_o slow_a payment_n since_o it_o do_v not_o in_o the_o least_o affect_v they_o and_o true_o if_o this_o be_v one_o of_o the_o best_a argument_n that_o can_v be_v suggest_v to_o our_o author_n for_o the_o bank_n delay_n of_o payment_n i_o may_v appeal_v to_o any_o body_n but_o themselves_o if_o it_o have_v not_o be_v both_o for_o the_o interest_n of_o the_o bank_n and_o credit_n of_o this_o author_n that_o it_o have_v not_o be_v make_v public_a but_o this_o be_v not_o the_o only_a thing_n that_o be_v a_o unnatural_a consequence_n of_o their_o give_a note_n for_o the_o clip_v money_n for_o our_o author_n vindicate_v their_o present_a method_n of_o pay_v must_v also_o prove_v this_o great_a absurdity_n i._n e._n that_o their_o give_a note_n for_o clip_v money_n be_v the_o cause_n why_o the_o bank_n make_v better_a payment_n five_o month_n ago_o than_o now_o they_o do_v which_o be_v a_o strange_a paradox_n that_o so_o long_o ago_o they_o shall_v be_v able_a to_o pay_v ten_o in_o the_o hundred_o once_o a_o fortnight_n and_o so_o proportionable_o and_o yet_o now_o when_o many_o thousand_o of_o pound_n that_o be_v then_o out_o against_o they_o be_v pay_v off_o the_o quantity_n of_o new_a money_n now_o at_o least_o ten_o time_n as_o much_o as_o then_o and_o they_o have_v call_v in_o 40_o per_fw-la cent_n and_o borrow_a 20_o and_o yet_o i_o say_v for_o all_o this_o their_o payment_n be_v not_o so_o good_a now_o by_o 9_o 10_o as_o they_o be_v four_o or_o five_o month_n ago_o i_o can_v but_o admire_v they_o shall_v think_v people_n so_o stupid_a as_o not_o to_o take_v cognizance_n of_o this_o their_o unaccountable_a proceed_n in_o a_o matter_n of_o so_o great_a moment_n in_o truth_n i_o can_v easy_o be_v of_o the_o opinion_n of_o some_o who_o believe_v they_o reserve_v their_o cash_n to_o buy_v up_o their_o own_o note_n with_o and_o that_o for_o that_o reason_n they_o endeavour_v to_o keep_v they_o at_o a_o high_a rate_n by_o falter_v more_o and_o more_o in_o their_o payment_n against_o all_o sense_n and_o reason_n no_o i_o can_v think_v they_o dare_v presume_v to_o abuse_v the_o nation_n by_o any_o such_o mercenary_a and_o abominable_a practice_n but_o it_o remain_v a_o secret_a to_o i_o and_o most_o other_o at_o present_a if_o their_o practice_n be_v just_a and_o honourable_a how_o their_o payment_n shall_v be_v at_o first_o 10_o per_fw-mi cent_n once_o a_o fortnight_n then_o but_o 7_o or_o 8_o per_fw-la cent_n once_o in_o a_o month_n then_o to_o give_v no_o note_n out_o by_o endorsement_n under_o 5_o pound_n afterward_o none_o under_o 20_o then_o to_o pay_v only_o according_a to_o the_o letter_n of_o the_o alphabet_n and_o that_o every_o morning_n afterward_o to_o pay_v but_o about_o 3_o or_o 4_o per_fw-la cent_n once_o in_o three_o month_n which_o be_v the_o present_a method_n of_o pay_v according_a to_o the_o letter_n of_o the_o alphabet_n two_o day_n in_o a_o week_n and_o true_o i_o can_v well_o see_v how_o they_o can_v pay_v less_o
etc._n and_o even_o in_o those_o that_o there_o shall_v not_o be_v many_o regulation_n and_o limitation_n with_o respect_n to_o these_o broker_n 4._o another_o great_a mischief_n attend_v this_o practice_n of_o buy_v and_o sell_v bank-note_n be_v oppression_n of_o the_o poor_a sort_n of_o people_n who_o at_o other_o time_n on_o their_o salary_n or_o employment_n can_v live_v pretty_a handsome_o but_o be_v now_o reduce_v to_o great_a strait_n as_o for_o instance_n a_o man_n that_o have_v 60_o li._n per_fw-la annum_fw-la to_o maintain_v his_o family_n with_o have_v former_o 15_o li._n per_fw-la quarter_n but_o be_v now_o pay_v in_o bank-bill_n to_o part_n with_o which_o as_o some_o other_o that_o trade_n can_v be_v out_o of_o his_o way_n he_o must_v therefore_o be_v force_v to_o give_v suppose_v but_o 15_o per_fw-la cent._n discount_n for_o ready_a money_n to_o buy_v necessary_n for_o his_o family_n this_o reduce_v his_o 15_o li._n to_o 12_o li._n 15_o s._n and_o the_o like_a loss_n be_v sustain_v by_o all_o workman_n and_o other_o that_o be_v force_v to_o take_v bank-note_n for_o the_o payment_n of_o their_o bill_n or_o debt_n which_o be_v extreme_a hard_a upon_o those_o that_o have_v before_o but_o just_a enough_o to_o subsist_v on_o 5._o another_o great_a mischief_n that_o attend_v the_o buy_v and_o sell_v bank-note_n be_v that_o it_o encourage_v all_o factor_n to_o defraud_v their_o principal_n or_o employer_n and_o this_o be_v do_v insensible_o and_o without_o any_o possibility_n of_o be_v discover_v for_o this_o give_v a_o opportunity_n to_o these_o factor_n who_o employer_n live_v at_o a_o distance_n and_o can_v perhaps_o inspect_v their_o account_n above_o four_o time_n a_o year_n to_o sell_v good_n for_o ready_a money_n and_o after_o they_o have_v make_v 15_o per_fw-la cent_n profit_n to_o themselves_o thereby_o by_o convert_v the_o same_o into_o this_o sort_n of_o bank-paper_n they_o can_v by_o this_o mean_n even_o a_o account_n of_o 10000_o l._n with_o their_o principal_n and_o get_v 1500_o l._n by_o the_o bargain_n while_o he_o that_o stand_v to_o all_o loss_n otherwise_o have_v this_o great_a abuse_n add_v thereto_o i_o may_v sir_n give_v you_o many_o more_o instance_n of_o the_o dismal_a consequence_n that_o attend_v a_o difference_n between_o note_n and_o money_n as_o that_o it_o destroy_v paper_n credit_n by_o which_o a_o great_a part_n of_o the_o trade_n of_o this_o nation_n be_v former_o carry_v on_o etc._n etc._n but_o the_o particular_n above_o be_v sufficient_a to_o show_v how_o necessary_o this_o matter_n shall_v be_v take_v into_o consideration_n and_o the_o abuse_v rectify_v and_o that_o i_o presume_v may_v be_v do_v by_o settle_v a_o certain_a fund_z of_o credit_n whereby_o note_n and_o bill_n may_v be_v again_o restore_v and_o these_o cannibal_n i_o have_v former_o mention_v that_o live_v only_o upon_o the_o ruin_n and_o destruction_n of_o their_o countryman_n may_v see_v their_o base_a and_o wicked_a practice_n defeat_v but_o till_o then_o i_o reckon_v you_o in_o the_o north_n will_v be_v much_o more_o happy_a in_o these_o matter_n than_o we_o in_o london_n because_o you_o may_v in_o a_o short_a time_n expect_v to_o be_v supply_v with_o new_a money_n from_o the_o mint_n of_o york_n and_o chester_n which_o nothing_o can_v hinder_v but_o the_o want_n of_o bullion_n and_o to_o prevent_v that_o i_o think_v it_o will_v be_v prudence_n in_o all_o the_o better_a sort_n of_o people_n to_o bring_v in_o their_o plate_n rather_o than_o want_v money_n to_o pay_v just_a debt_n and_o for_o other_o necessary_n indeed_o i_o be_o of_o opinion_n we_o have_v money_n enough_o in_o the_o nation_n if_o there_o be_v care_n take_v that_o it_o may_v circulate_v which_o it_o will_v certain_o do_v if_o some_o method_n be_v take_v to_o prevent_v exorbitant_a use_n thereof_o by_o the_o stock-jobbers_a in_o buy_v and_o sell_v bank-note_n etc._n etc._n and_o the_o statute_n restrain_v interest_n to_o 6_o per_fw-la cent._n per_fw-la annum_fw-la 12_o car._n ii_o c._n 13._o be_v strict_o put_v in_o execution_n which_o that_o they_o may_v and_o we_o live_v to_o see_v england_n flourish_v under_o the_o auspicious_a government_n of_o his_o present_a majesty_n be_v that_o i_o hearty_o wish_v for_o part_n iii_o as_o to_o your_o three_o demand_n sir_n which_o be_v my_o thought_n whether_o it_o will_v not_o be_v a_o disadvantage_n to_o the_o nation_n that_o our_o broad_a hammer_v money_n shall_v pass_v currant_n by_o weight_n i_o answer_v that_o it_o will_v be_v a_o advantage_n provide_v the_o rate_n for_o every_o ounce_n be_v give_v that_o be_v propose_v at_o present_a in_o parliament_n and_o this_o i_o shall_v demonstrate_v to_o you_o by_o show_v 1._o how_o this_o advantage_n will_v arise_v 2._o by_o the_o disadvantage_n to_o the_o nation_n in_o general_a that_o will_v attend_v its_o pass_a currant_n by_o tale._n the_o real_a advantage_n that_o attend_v the_o currancy_n by_o weight_n as_o propose_v will_v appear_v in_o that_o every_o one_o that_o have_v it_o may_v gain_v and_o no_o one_o needs_o to_o lose_v thereby_o for_o instance_n suppose_v the_o unclipt_a hammer_v money_n currant_n or_o otherwise_o in_o the_o nation_n be_v 500000_o l._n as_o it_o be_v no_o great_a matter_n in_o this_o case_n if_o it_o be_v more_o and_o that_o this_o hammer_v money_n be_v to_o be_v pay_v to_o the_o king_n by_o the_o nation_n as_o one_o man_n for_o tax_n etc._n etc._n the_o question_n be_v whether_o this_o 500000_o l._n if_o pay_v by_o weight_n at_o 5_o s._n 8_o d._n per_fw-la ounce_n will_v not_o exceed_v the_o 500000_o l._n by_o tale._n i_o say_v it_o will_v and_o consequent_o the_o nation_n will_v be_v so_o far_o from_o lose_v as_o some_o fancy_n that_o it_o will_v gain_v thereby_o for_o suppose_v as_o be_v very_o rational_a from_o what_o follow_v that_o every_o shilling_n be_v but_o 11_o d._n i_o e._n want_v a_o penny_n of_o the_o value_n of_o a_o new_a mill_v shilling_n or_o that_o the_o 500000_o l._n want_v 1_o 12_o of_o the_o true_a value_n of_o so_o much_o new_a money_n this_o 1_o 12_o of_o 500000_o l._n be_v 41666_o l._n 13_o s._n 4_o d._n which_o deduct_v from_o the_o 500000_o l._n the_o remainder_n be_v 458333_o l._n 6_o s._n 8_o d._n which_o be_v the_o worth_n of_o the_o 500000_o l._n unclipt_a hammer_v in_o new_a mile_v money_n which_o 458333_o l._n 6_o s._n 8_o d._n at_o the_o standard-rate_n of_o 5_o s._n weigh_v 19_o dw_n 8.51612903_o etc._n etc._n grain_n will_v weigh_v 1774189_o ounce_n 4_o dw_n 17_o gr_n which_o at_o 5_o s._n 8_o d._n per_fw-la ounce_n be_v worth_a 502686_o l._n 18_o s_o 10_o d._n sterling_n which_o exceed_v the_o suppose_a sum_n of_o 500000_o l._n in_o unclipt_a hammer_v money_n by_o 2686_o l._n 18_o s._n 10_o d._n and_o which_o be_v the_o nation_n be_v gain_n by_o pass_v it_o by_o weight_n and_o yet_o some_o people_n that_o have_v not_o well_o consider_v this_o matter_n have_v almost_o as_o great_a apprehension_n of_o hardship_n therein_o as_o if_o they_o be_v to_o part_v with_o their_o unclipt_a hammer_v money_n for_o nothing_o but_o here_o two_o objection_n arise_v 1._o that_o the_o computation_n of_o the_o deficiency_n at_o 1_o d._n per_fw-la shilling_n be_v too_o little_a and_o that_o it_o will_v fall_v short_a not_o only_o in_o all_o sixpence_n but_o in_o some_o shilling_n which_o it_o be_v know_v want_v 2_o d._n in_o answer_n to_o this_o i_o say_v that_o if_o some_o of_o these_o shilling_n want_v 2_o d._n as_o many_o be_v of_o full_a weight_n with_o new_a one_o so_o that_o the_o mean_v arithmetical_a proportion_n be_v 11_o d._n as_o i_o compute_v and_o whereas_o sixpence_n want_v more_o of_o weight_n than_o the_o proportion_n i_o have_v allow_v for_o the_o shilling_n to_o make_v up_o that_o i_o say_v half_a crown_n and_o crown_n want_v much_o less_o so_o that_o the_o forego_n computation_n will_v however_o hold_v pretty_a true_a obj._n 2._o what_o shall_v they_o do_v that_o have_v not_o money_n to_o lend_v the_o king_n they_o must_v needs_o lose_v by_o pay_v what_o they_o have_v at_o 5_o s._n 2_o d._n per_fw-la ounce_n answ_n none_o can_v lose_v much_o but_o they_o that_o have_v much_o by_o they_o at_o the_o time_n this_o act_n commence_v and_o they_o that_o have_v much_o will_v not_o be_v much_o abuse_v to_o lose_v 1_o 12_o for_o the_o sake_n of_o the_o many_o conveniency_n and_o advantage_n that_o will_v attend_v the_o have_v only_o new_a money_n and_o guineas_n currant_n but_o if_o they_o be_v not_o want_v to_o themselves_o no_o one_o needs_o to_o lose_v for_o the_o king_n it_o be_v propose_v will_v take_v it_o at_o 5_o s._n 8_o d._n for_o tax_n loan_n custom_n excise_n stamp_v paper_n etc._n etc._n and_o it_o be_v but_o a_o small_a part_n of_o the_o nation_n that_o have_v not_o occasion_n either_o actual_o to_o pay_v money_n themselves_o on_o some_o of_o these_o account_n as_o the_o nobility_n gentry_n and_o great_a trader_n for_o loan_n merchant_n for_o custom_n lawyer_n for_o stamp_v paper_n brewer_n in_o london_n and_o victualler_n in_o the_o country_n for_o excise_n and_o all_o housekeeper_n for_o tax_n i_o say_v there_o be_v few_o but_o must_v either_o pay_v money_n these_o way_n or_o have_v friend_n that_o must_v who_o not_o have_v hammer_v money_n of_o their_o own_o will_v be_v willing_a since_o it_o be_v no_o loss_n and_o they_o can_v serve_v their_o friend_n thereby_o to_o pay_v it_o for_o they_o on_o these_o account_n or_o true_o it_o be_v not_o unlikely_a that_o those_o who_o must_v pay_v the_o king_n money_n and_o have_v not_o hammer_v enough_o by_o they_o will_v give_v 5_o s._n 4_o d._n per_fw-la ounce_n for_o it_o rather_o than_o pay_v new_a since_o they_o can_v get_v 4_o d._n per_fw-la ounce_n by_o the_o bargain_n so_o that_o i_o do_v not_o see_v how_o any_o one_o can_v notwithstanding_o their_o great_a fear_n avoid_v gain_v by_o the_o unclipt_a hammer_v money_n they_o have_v in_o their_o hand_n when_o the_o act_n pass_v but_o on_o the_o other_o hand_n if_o we_o consider_v the_o national_a evil_n as_o thing_n be_v now_o circumstantiate_v that_o will_v be_v concomitant_a of_o its_o pass_a currant_n by_o tale_n we_o shall_v find_v they_o grievous_a according_a to_o the_o general_a maxim_n i_o have_v elsewhere_o mention_v viz._n when_o two_o sort_n of_o coin_n be_v currant_n in_o the_o same_o nation_n of_o like_a value_n by_o denomination_n but_o not_o intrinsical_o that_o which_o have_v the_o least_o value_n will_v be_v currant_n and_o the_o other_o as_o much_o as_o be_v possible_a will_v be_v hoard_v so_o that_o the_o more_o hammer_v money_n be_v currant_n by_o tale_n now_o we_o have_v so_o much_o better_a money_n the_o worse_a it_o will_v be_v for_o we_o for_o so_o much_o of_o the_o new_a mill_v money_n and_o guineas_n will_v certain_o be_v hoard_v which_o will_v make_v we_o have_v a_o more_o seem_a want_n thereof_o than_o we_o have_v at_o present_a and_o that_o will_v be_v intolerable_a and_o thus_o sir_n i_o have_v answer_v your_o request_n to_o the_o utmost_a of_o my_o power_n in_o the_o short_a time_n i_o be_o confine_v to_o to_o apply_v my_o thought_n to_o these_o matter_n which_o if_o useful_a to_o you_o or_o any_o other_o especial_o the_o public_a will_v abundant_o recompense_v the_o pain_n and_o trouble_n take_v in_o write_v thereof_o by_o your_o humble_a servant_n nou._n 16._o 1696._o