But because much weight is laid on the precedents of other patents, for
coining copper for Ireland, I will set this matter in as clear a light
as I can. Whoever hath read the Report, will be apt to think, that a
dozen precedents at least could be produced of copper coined for
Ireland, by virtue of patents passed in England, and that the coinage
was there too; whereas I am confident, there cannot be one precedent
shewn of a patent passed in England for coining copper for Ireland, for
above an hundred years past, and if there were any before, it must be in
times of confusion. The only patents I could ever hear of, are those
already mentioned to Lord Dartmouth and Knox; the former in 1680. and
the latter in 1685. Now let us compare these patents with that granted
to Wood. First, the patent to Knox, which was under the same conditions
as that granted to Lord Dartmouth, was passed in Ireland, the government
and the Attorney and Solicitor-general making report that it would be
useful to this kingdom: [The patentee was obliged to make every
halfpenny one hundred and ten grains Troy weight, whereby _2s. 2d_. only
could be coined out of a pound of copper.][14] The patent was passed
with the advice of the King's council here; The patentee was obliged to
receive his coin from those who thought themselves surcharged, and to
give gold and silver for it; Lastly, The patentee was to pay only _16l.
13s. 4d. per ann._ to the crown. Then, as to the execution of that
patent. First, I find the halfpence were milled, which, as it is of
great use to prevent counterfeits (and therefore industriously avoided
by Wood) so it was an addition to the charge of coinage. And for the
weight and goodness of the metal; I have several halfpence now by me,
many of which weigh a ninth part more than those coined by Wood, and
bear the fire and hammer a great deal better; and which is no trifle,
the impression fairer and deeper. I grant indeed, that many of the
latter coinage yield in weight to some of Wood's, by a fraud natural to
such patentees; but not so immediately after the grant, and before the
coin grew current: For in this circumstance Mr. Wood must serve for a
precedent in future times.
[Footnote 14: The portion here in square brackets was printed in the
fourth edition of this Letter and in the work entitled, "Fraud
Detected." It is not given in Faulkner's first collected edition issued
in 1735, nor in "The Hibernian Patriot," issued in 1730. [T.S.]]
Public-domain text, read in full here on John Shaqi.
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