Social England under the Regency, Vol. 2 (of 2)Ashton, John
History
Social England under the Regency, Vol. 2 (of 2)
Ashton, John
England -- Social life and customs -- 19th century; Regency -- England
The Silver Coinage was getting into a dreadfully worn condition
(by the way, ours is nothing to boast of), and it had been settled
that a new coinage of shillings and sixpences, to the extent of
£2,500,000 should be minted; but, "as the period for the issue of the
new coin approached, the fears of the retail dealers became general,
lest the plain English shillings and sixpences should be confounded
with the French ones, and the whole refused. It was at Hull, early
in September, where the tradespeople first refused to receive at
their normal value, all plain shillings, or, in other words, all not
appearing to be clearly of our own legal currency. In the Metropolis,
it was at Billingsgate market, on the 20th of September, where
plain shillings and sixpences were first indiscriminately refused;
from thence, the refusal of them spread through the Borough, and,
in the evening, became general throughout the Metropolis. A great
stagnation, in all retail trades suddenly, and naturally, ensued,
and the lower orders were disposed to commit disturbances in almost
every market. This embarrassing and dangerous state of things being
made known to the Lord Mayor, his lordship took immediate measures
to preserve the peace of the City, not by means of force, but by
promptly communicating to the public, from the Mansion House, a
notice, of which the following is a Copy:
"SILVER COIN.--_Take Notice._--The Bank of England do not refuse
any shillings or sixpences on account of their being plain,
provided they are English.
"By order of the Lord Mayor,
"FRANCIS HOBLER.
"_Saturday Morning_, Sept. 21, 1816.
"In consequence of the above notice, people assembled in crowds
to take their silver to the Bank, for which they received Bank
of England Notes and tokens."
This somewhat palliated the small panic, but it was more allayed
by another proclamation from "Wood, Mayor," that the Secretary of
State for the Home Department gave notice, that "all shillings and
sixpences that can be considered as of the Established Standard in
fineness, will be exchanged for new silver coin when it is issued;"
and a further notice, "that all kind of shillings, now, or lately in
circulation, are taken at the Bank of England, with the exception of
French, or base metal; they therefore recommend to all shopkeepers,
dealers, and others, in order to prevent any breach of the peace, to
take such silver above named, as usual," perfectly tranquilized the
public mind.
We shall, next year, hear more about the new Coinage, which was being
coined at the rate of nearly 300,000 coins per diem.
CHAPTER VI.
Smuggling -- "Resurrection Men" -- More riots -- Orator Hunt --
Meetings at Spa Fields -- Riots arising therefrom -- Execution
of one of the rioters -- The King's health.
Public-domain text, read in full here on John Shaqi.
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