[Footnote 8: Monck Mason remarks on this assay that "the assay-masters
do not report that Mr. Wood's coinage was superior to that of former
kings, but only to those specimens of such coinages as were exhibited by
Mr. Wood, which, it is admitted were much worn. Whether the money coined
in the preceding reign was good or bad is in fact nothing to the
purpose." "'What argument,'" quotes Monck Mason from the tract issued in
1724 entitled, "A Defence of the Conduct of the People of Ireland, in
their unanimous refusal of Mr. Wood's Copper Money," "'can be drawn from
the badness of our former coinages but this, that because we have
formerly been cheated by our coiners, we ought to suffer Mr. Wood to
cheat us over again? Whereas, one reason for our so vigorously opposing
Mr. Wood's coinage, is, because we have always been imposed upon in our
copper money, and we find he is treading exactly in the steps of his
predecessors, and thinks he has a right to cheat us because he can shew
a precedent for it.' In truth, there was a vast number of counterfeits
of those coins, which had been imported, chiefly from Scotland, as
appears from a proclamation prohibiting the Importation of them in 1697"
("History St. Patrick's Cathedral," p, 340, note d.) [T.S.]]
The next part of the paragraph contains Mr. Wood's voluntary proposals
for "preventing any future objections or apprehensions."
His first proposal is, that "whereas he hath already coined seventeen
thousand pounds, and has copper prepared to make it up forty thousand
pounds, he will be content to coin no more, unless the EXIGENCES OF
TRADE REQUIRE IT, though his patent empowers him to coin a far greater
quantity."
To which if I were to answer it should be thus: "Let Mr. Wood and his
crew of founders and tinkers coin on till there is not an old kettle
left in the kingdom: let them coin old leather, tobacco-pipe clay or the
dirt in the streets, and call their trumpery by what name they please
from a guinea to a farthing, we are not under any concern to know how he
and his tribe or accomplices think fit to employ themselves." But I hope
and trust, that we are all to a man fully determined to have nothing to
do with him or his ware.
The King has given him a patent to coin halfpence, but hath not obliged
us to take them, and I have already shewn in my "Letter to the
Shopkeepers, &c." that the law hath not left it in the power of the
prerogative to compel the subject to take any money, beside gold and
silver of the right sterling and standard.
Public-domain text, read in full here on John Shaqi.
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