I am only in pain how the commissioners of the revenue will proceed in
this juncture; because I am told they are obliged by act of Parliament
to take nothing but gold and silver in payment for His Majesty's
customs, and I think they cannot justly offer this coinage of Mr. Wood
to others, unless they will be content to receive it themselves.
The sum of the whole is this. The "Committee advises the King to send
immediate orders to all his officers here, that Wood's coin be suffered
and permitted without any let, suit, trouble, &c. to pass and be
received as current money by such as shall be willing to receive the
same." It is probable, that the first willing receivers may be those who
must receive it whether they will or no, at least under the penalty of
losing an office. But the landed undepending men, the merchants, the
shopkeepers and bulk of the people, I hope, and am almost confident,
will never receive it. What must the consequence be? The owners will
sell it for as much as they can get. Wood's halfpence will come to be
offered for six a penny (yet then he will be a sufficient gainer) and
the necessary receivers will be losers of two-thirds in their salaries
or pay.
This puts me in mind of a passage I was told many years ago in England.
At a quarter-sessions in Leicester, the justices had wisely decreed, to
take off a halfpenny in a quart from the price of ale. One of them, who
came in after the thing was determined, being informed of what had
passed, said thus: "Gentlemen; you have made an order, that ale should
be sold in our country for three halfpence a quart: I desire you will
now make another to appoint who must drink it, for _by G-- I will
not_."[21]
[Footnote 21: The following broadside, ascribed to Swift, but written
probably by Sheridan, further amusingly illustrates the point Swift
makes. The broadside was printed by John Harding:
"Another Letter to Mr. Harding the printer, upon occasion of the Report
of the Committee of the Lords of His Majesty's Most Honourable
Privy-Council, in relation to Mr. Wood's halfpence and farthings, etc.,
lately published.
"Mr. Harding,--Although this letter also is directed to you, yet you
know that it is intended for the benefit of the whole kingdom, and
therefore I pray make it public, and take care to disperse it.
"The design of it is only to desire all people to take notice, That
whatever apprehensions some persons seem to be under on account of the
above-mentioned report concerning Mr. Wood's halfpence and farthings,
yet the utmost advice which the right honourable Committee have thought
fit to give His Majesty, is, That a certain sum of the said halfpence
and farthings may be received as current money by such as shall be
willing to receive the same. And if we are willing to ruin ourselves and
our country, I think we are not to be pitied.
"Upon this occasion I would only tell my countrymen a short story.
Public-domain text, read in full here on John Shaqi.
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