These and many more to the better part of the Nation are the advantages of this necessary tho’ expensive War. But there are some that look upon it with an evil eye, and then the badness of money, and the scarcity of it, and the Exporting and melting down, and hoarding it, and the rise of Gold, and the dearness of Commodities, and the badness of Trade are all as evident effects of the War as the Taxes are. Though in truth this is all Humour and Caprice, and none of it more ridiculous than when the hoarding up of Money is imputed to the War, which is the meer effect of the dearness of Silver, as the dearness of Silver in _England_ is the natural effect of its dearness abroad, and its dearness abroad to the obstructions of Trade, which would be if only _France_ and _Spain_ were at War, since _Spain_ is the Silver Market of the whole World. Ever since the extraordinary abasement of Coyn by an unparalleled Counterfeit and Clipping, people have hoarded up Money apace, not knowing how far the debasement would run; and fearing if they put their good Money out they should at the long run be forced to be paid back in they know not what themselves. Nor hath the beauty and rarity of uncorrupted and undiminished Coyn, added a little to the humour of hoarding it up. Undefaced and weighty pieces are now as so many Medals, people think it a great happiness to have a store of ’em. And as the Coyn degenerates these are more charily preserved, and will be so till the intrinsick value of ’em diminishes. I could give a shrewd guess where this weighty Money is to be found in great quantities, but be it where it will as I said before, I think every man hath a right do what he will with his own, so far as it is his own. All that I at present aim at is to show. _That Coyn which hath an Intrinsick value above the Extrinsick, and is withall rare or uncommon will inevitably be hoarded up, and continue so to be._ CHAP. VIII. _Of Regulating our Silver Coyn._ To give an exact Estimate of what Silver Coyn is necessary for the carrying on our Trade in its full Vigor, is a task I am not at present willing to undertake, but the least I can guess at is 5000000 _l._ considering that great Sums will always remain in the Exchequer, and Banks; for I look upon the Banks not as Chanels only, but as great Receptacles likewise, wherein money must rest and wait for opportunities of disposing it. None of Hypotheses depend upon definite or determinate Sums, and I shall beg nothing essentially necessary to the carrying on of my design, but I desire for the present working only of my _Proposition_, that a few _Postulata_ be a while granted me. It matters not much whether any of ’em be true for they may easily be varied _Mutatis Mutandis_. POSTULATA. 1. _That the Current Silver Coyn of_ ENGLAND l. s. _ought to be at least_ 5.000.000 Sterl.