Ireland under the Stuarts and During the Interregnum, Vol. 1 (of 3), 1603-1642Bagwell, Richard
History
Ireland under the Stuarts and During the Interregnum, Vol. 1 (of 3), 1603-1642
Bagwell, Richard
Ireland -- History -- 17th century
The bad money was proclaimed current in May 1601, and in April, while
the pure coin of England was still current in Ireland, one Brett of
Drogheda, merchant, having bought wares from one Gilbert, in London,
became bound to Gilbert for 200_l._ on condition to pay the said
Gilbert, his executors or assigns 100_l._ sterling current and lawful
money of England at the tomb of Earl Strongbow in Christchurch, Dublin,
on a certain future day, which day happened after the said proclamation
of mixed monies. On that day Brett tendered 100_l._ in mixed money of
the new standard. The question was whether this tender was good. Sir
George Carey, being Deputy and Vice-Treasurer, ordered the case to be
stated for the judges who were of the Privy Council, and they decided
after an immense display of learning that Brett had rightly tendered in
the only lawful money of Ireland, that Gilbert was worthy of punishment
for refusing to receive it, and that the Irish judges could take
cognisance of no money except what was established by proclamation.
The several courts of record in Dublin accepted this as law, and all
the cases pending were so decided. In other words, Ireland repudiated
the greater part of her debts. The situation created was intolerable,
for credit was destroyed; but it was not till the beginning of 1605
that the English Government made up its mind that the various kinds of
coin in Ireland might be lawfully current for their true value. In 1607
English money was made legal tender in Ireland at the rate of sixteen
pence Irish to the shilling. All who knew the country best wished to
have one coinage for England and Ireland, but official hindrances were
constantly interposed, and the difficulty was not got over until after
the unification of the two Exchequers in 1820. Some establishment
charges are still paid with deductions for the difference between old
Irish and sterling money.[15]
[Sidenote: Sir Arthur Chichester Lord Deputy.]
Carey retained the Vice-Treasurership along with the acting
Viceroyalty, the power of the sword and of the purse being thus held
in a single hand. Under these circumstances it is not surprising that
charges of extortion should have been brought against him, and that he
should be accused of having become very rich by unlawful means. He had
only one-third of the viceregal salary, two-thirds being reserved for
Devonshire as Lord-Lieutenant. There is no evidence that Salisbury or
Davies gave much credit to the charges against Carey, who was himself
anxious to be relieved, and who suggested that Sir Arthur Chichester
should fill his place. Chichester, who had gained his experience as
Governor of Carrickfergus, at first refused on the ground that he could
not live on one-third of the regular salary, and he was given an extra
1,000_l._ per annum with 500_l._ for immediate expenses. He remained at
the head of the Irish Government until 1616.[16]
FOOTNOTES:
Public-domain text, read in full here on John Shaqi.
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