The History of England, from the Accession of James II — Volume 3Macaulay, Thomas Babington Macaulay, Baron
History
The History of England, from the Accession of James II — Volume 3
Macaulay, Thomas Babington Macaulay, Baron
Great Britain -- History -- James II, 1685-1688; Great Britain -- History -- William and Mary, 1689-1702
doors, pieces of ordnance which had long been past use, were carried to
the mint. In a short time lumps of base metal, nominally worth near a
million sterling, intrinsically worth about a sixtieth part of that sum,
were in circulation. A royal edict declared these pieces to be legal
tender in all cases whatever. A mortgage for a thousand pounds was
cleared off by a bag of counters made out of old kettles. The creditors
who complained to the Court of Chancery were told by Fitton to take
their money and be gone. But of all classes the tradesmen of Dublin,
who were generally Protestants, were the greatest losers. At first, of
course, they raised their demands: but the magistrates of the city took
on themselves to meet this heretical machination by putting forth a
tariff regulating prices. Any man who belonged to the caste now
dominant might walk into a shop, lay on the counter a bit of brass worth
threepence, and carry off goods to the value of half a guinea. Legal
redress was out of the question. Indeed the sufferers thought themselves
happy if, by the sacrifice of their stock in trade, they could redeem
their limbs and their lives. There was not a baker's shop in the city
round which twenty or thirty soldiers were not constantly prowling. Some
persons who refused the base money were arrested by troopers and carried
before the Provost Marshal, who cursed them, swore at them, locked them
up in dark cells, and, by threatening to hang them at their own doors,
soon overcame their resistance. Of all the plagues of that time
none made a deeper or a more lasting impression on the minds of the
Protestants of Dublin than the plague of the brass money, [228] To the
recollection of the confusion and misery which had been produced by
James's coin must be in part ascribed the strenuous opposition which,
thirty-five years later, large classes, firmly attached to the House of
Hanover, offered to the government of George the First in the affair of
Wood's patent.
There can be no question that James, in thus altering, by his own
authority, the terms of all the contracts in the kingdom, assumed a
power which belonged only to the whole legislature. Yet the Commons did
not remonstrate. There was no power, however unconstitutional, which
they were not willing to concede to him, as long as he used it to crush
and plunder the English population. On the other hand, they respected no
prerogative, however ancient, however legitimate, however salutary, if
they apprehended that he might use it to protect the race which they
abhorred. They were not satisfied till they had extorted his reluctant
consent to a portentous law, a law without a parallel in the history of
civilised countries, the great Act of Attainder.
Public-domain text, read in full here on John Shaqi.
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