The History of Currency, 1252 to 1896Shaw, William Arthur
History
The History of Currency, 1252 to 1896
Shaw, William Arthur
Money -- History
_Doctor._--"I doubt not if any men have licked themselves whole [i.e.
recovered the loss] you be the same, for what odds soever there happen
to be in exchange of things, you that be merchants can espy it anon. _Ye
lurched some of the coin as soon as ever ye perceived the price of that
to be enhanced. Ye, by and by perceiving what was to be won thereon
beyond the sea, raked all the old coin for the most part in this realm
and found the means to have it carried over, so as little was left
behind within this realm of such old coin [i.e., good undebased coin],
at this day, which in my opinion is a great cause of this dearth that we
have now of all things._" "Thereby" he adds again, speaking of this
"basing or rather corrupting of our coin and treasure, we have devised a
way for the strangers, not only to buy our gold and silver for brass,
and not only to exhaust this realm of treasure, but also to buy our
chief commodities in manner for nothing. _It was thought it should have
been a means not only to bring our treasure home, but to bring much of
others, but the experience hath so plainly declared the contrary, so as
it were a very dullards part to be in doubt thereof,..._ Do you not see
that our coin is discredited already among strangers, which evermore
desired to serve us before all other nations at all our needs for the
goodness of our coins; and now they let us have nothing from them, but
only for our commodities, as wool, felt, tallow, butter, cheese, tin,
and lead. And whereas before time they were wont to bring us for the
same either good gold or silver, or else equally necessary commodities
again, now they send us other trifles as I spake of before, as glasses,
gelly pots, tennis balls, papers, girdles, brooches, etc.... As I told
you in your ear before, they send us brass for our treasure of gold and
silver, and for our said commodities I warrant you you see neither gold
nor silver brought over unto us as it was here before used, and no
marvel. To what purpose should they bring silver or gold hither, where
the same is not esteemed. Therefore I have heard say of a truth, and I
believe it the rather to be true, because it is likely that since our
coin hath been debased and altered, strangers have counterfeited our
coin, and found the means to have great masses transported hither, and
here uttered it as well for our gold and silver as for our chief
commodity; which thing I report me to you what inconvenience it may
bring the King's highness, and this realm, if it be suffered, and that
in brief time.... And besides this, have you not made proclamations that
our old coin specially of gold, that it should not be current here above
such a price? Is not that the readiest way to drive away our gold from
us, as everything will go where it is most esteemed? And therefore our
treasure goeth over in ships.... I hear say that in France and Flanders,
there goeth abroad such [brass and billon] coin at these days, but that
Public-domain text, read in full here on John Shaqi.
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