The money propos’d is after this manner. the proprietor to coin pieces of paper figured number 1, number 2, and so on; number 4 to be equal to a certain measure of corn. the poor and other labourers would be satisfied to take number 4 for the wages of a day’s labour, providing it be so contriv’d that number 4 purchase them the measure of corn; for as that corn can be barter’d with other goods, so number 4 would purchase an equal value of any other goods. To make number 4 equal to that measure of corn, the proprietor calls his tenents together; tells them for the future, he will have his rent payed in paper, so renews their leases, and where a 100 measures of corn was payed, they oblige themselves to pay him number 400. the other kinds the proprietor was payed in are valued, according to the value they had in barter with corn; and leases made for paper. The proprietor coins paper to the value of a year’s rent, imploys such as are willing to work, and gives them paper-money as the price of their labour. the tenent gives corn or any other goods he has to the labourers for paper-money, and the proprietor receives it for his rent. but as the consumption of the labouring man may be suppos’d to be only equal to number 2; so the tenents cannot get the whole sum issued by the proprietor, and consequently not enough to pay their rent. if this were not remedied, the labouring men being masters of the remaining part of the paper, and having no occasion for more goods from the tenents, might raise the value of the paper. to prevent this, the proprietor coins a greater quantity, which brings a part of the poor and idle of the continent to the island, and occasions a greater consumption, whereby the tenents are able to pay their rent in paper as contracted for. the addition to the people is an advantage to the island; for it adds to the power of the island, and their labour is worth double what they consume. This money tho’ it has no value but what the proprietor gives it, by receiving it in payments of his rent; yet it will be esteem’d equal to the product payed before. If the proprietor would give it a value in land, computing after this manner: an acre of land pays number 100, at 20 years purchase worth number 2000. and dispone the property of land for paper at that value; who would not be satisfied to receive or contract for that money, since it not only bought the product, but the property of land at a reasonable price? Money is not the value for which goods are exchanged, but the value by which they are exchanged: the use of money is to buy goods, and silver while money is of no other use. Tho’ silver were our product, yet it is not so proper to be made money as land. land is what produces every thing, silver is only the product. land does not increase or decrease in quantity, silver or any other product may. so land is more certain in its value than silver, or any other goods.