The Regulating Silver Coin, Made Practicable and Easie, to the Government and Subject — John Shaqi
The Regulating Silver Coin, Made Practicable and Easie, to the Government and SubjectPratt, Samuel
History
The Regulating Silver Coin, Made Practicable and Easie, to the Government and Subject
Pratt, Samuel
Coinage -- Great Britain -- Early works to 1800; Great Britain. Parliament -- Early works to 1800
_That if this Method will hold, the intrinsick Value of Money may be
but half as little as I propose, and the Subject will be always in
fear of farther Alterations._
_Answ._ This I confess would be a very material Objection against Mr.
_Lound_’s Method, but hath no force in ours, because the Government
saves nothing by lessening the intrinsick Value; for what it saves at
present, it must pay Interest for, and Principal too at the long run;
besides, the Government aims at nothing but to rectifie the Coin, and
keep it from being imbezil’d.
_Object._ IV.
_The Money of_ England _will be too much for_ 300 _Men to receive in
one Day_.
_Answ._ It is but 10000 _l._ a Man one with another; _i. e._ but 100
hundred Pound-bags, which may very well be weighed and seal’d up, and
entered in a Book in 5 hours time; _viz._ 20 in an hour; and as for the
great Banks and Cashes of _England_, such as the _Royal Bank_,
_East-India Company_, and the like, they need not remove their Money at
all; but Commissioners may be sworn and sent to their respective
Treasuries, taking sufficient Security of the said Treasurers and
Cashiers, that none of the said Money shall be remov’d or touch’d in 24
hours.
_Object._ V.
_It will be a great Trouble to carry_ 100 l. 10 _Miles for_ 20 _s._
_Answ._ It may not be 100 Men’s Case in all the Nation, and no Man is
forc’d to carry it; and he who don’t carry it, hath lost nothing but
what he might have gained.
For this is all clear Gains to every Man, who as soon as he has received
his 20 _s._ can keep the 20 _s._ and pay a Debt with the 100 _l._
_Object._ VI.
_The want of a less Intrinsick Value, than_ 20 _l._ per Cent. _will
answer all the aforesaid Ends_.
_Answ._ Less will not secure it against Exportation.
Public-domain text, read in full here on John Shaqi.
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