About mending the coyn. Neale, Thomas, d. 1699? 1695 Approx. 13 KB of XML-encoded text transcribed from 4 1-bit group-IV TIFF page images. Text Creation Partnership, Ann Arbor, MI ; Oxford (UK) : 2004-05 (EEBO-TCP Phase 1). A26698 Wing N335 Wing A97A ESTC R1333 12885958 ocm 12885958 95026 This keyboarded and encoded edition of the work described above is co-owned by the institutions providing financial support to the Early English Books Online Text Creation Partnership. This Phase I text is available for reuse, according to the terms of Creative Commons 0 1.0 Universal . The text can be copied, modified, distributed and performed, even for commercial purposes, all without asking permission. Early English books online. (EEBO-TCP ; phase 1, no. A26698) Transcribed from: (Early English Books Online ; image set 95026) Images scanned from microfilm: (Early English books, 1641-1700 ; 1:23 or 1872:14) About mending the coyn. Neale, Thomas, d. 1699? 1 sheet (2 p.) Printed by F. 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Keying and markup guidelines are available at the Text Creation Partnership web site . eng Coinage -- Law and legislation -- Great Britain. Broadsides -- England -- 17th century. 2003-12 TCP Assigned for keying and markup 2004-02 SPi Global Keyed and coded from ProQuest page images 2004-03 Mona Logarbo Sampled and proofread 2004-03 Mona Logarbo Text and markup reviewed and edited 2004-04 pfs Batch review (QC) and XML conversion ABOUT Mending the COYN . It appearing the Interest as well as the Desire of the KING and his People , That some Regulations should this Sessions be made in the COIN , and the Sence of many that have it , that the Loss by Clipt Money , in some measure occasioned by Publick Connivance , should be by the Publick made good , as well as the Standard Preserved ; That is , what Silver is Coyned should so be ( as hither to has been ) at 5 s. and 2 d. per Ounce , being what will be most for preserving the Honour of England , and most for the Interest of His Majesty , and the Head Owners of Lands in the point of Revenue and Rents , and that this may be done with more Iustice , Ease , and less Expence to the Nation then it can by Raising the Standard , and making more Money by Tale from a Pound of Silver , then by the present Standard is allowed to be made , and that as to what relates to Forreign Trade , an Ounce of Silver , call it what you will , is but an Ounce , and will purchase no more in a great many Pieces than in few , and that by being so made into fewer Pieces , 't will not be kept longer from being carryed abroad , and that as much Silver will be brought to be Coyned when the Old Standard shall so anew be Establisht , that no Money debased by Clipping or otherwise , shall longer pass in the Kingdom , are Positions if contradicted in Print , they soon will , and may be easie in Print ( having been so already ) maintained , and that the Difficulties to be feared in effecting this matter , with Honour , Satisfaction , and Iustice to all Parties concerned , and without Interruption of Trade , and with as little Expence to the Nation , as a thing of this nature can be , may no way obstruct the Trying to do it at this time , 'T is PROPOSED , 1. THat a Fund of 50000 l. yearly ( to which the late House of Commons seemed willing ) should be setled to make good the Loss , which cannot well he conceived to amount to what the said 50000 l. yearly will ( in the manner hereafter Proposed ) make good , and some easie Fund may be found for it . 2. That a Million of Money ( which also may this way be easily raised ) in Clipt Half Crowns , be sunk by a Lottery , which 't is believed will take them all up ; and if that it be Enacted , That such shall be taken for Tickets , and that no person shall be obliged to take any Clipt Half Crowns ( any otherwise than by Weight ) after Three Months , they all will come tumbling in , and the Owners of them will be pleased , having a Courtesie done them . Supposing such Allowance in the Lottery given , that every Adventurer shall be no Looser by it , which 40 s. yearly for each 10 l. paid in for each Ticket will do , and so few Prizes over ( and without any Rebate ) will encourage its filing ; That whereas 40000 l. yearly , ( besides a Rebate ) for a Sixteen years Term , worth 300000 l. to bring in the Money was allowed as a Gift in the last , a bare 50000 l. in Money , put into a 1000 Fifty pound Prizes , will be sufficient to do it in this , and a Fund may be easie found for it . 3. That the rest of the Clipt and Silver Money , Sixpences and Shillings , should be received by the King ( as now 't is ) in all Loans and Payments whatsoever , to be made in the Exchequer , for Six Months after the Three allowed for the Half Crowns , and that nothing but Silver Money ( as now 't is ) should during that time , be taken for Taxes by the Crown . This will in that time bring it all into the Exchequer , if that it be made publick , That His Majesty will not , and that no other shall be obliged to take it ( but by weight ) afterwards ; this will keep it Currant for publick Convenience , for so long as the King takes it , and will make the Owners willingly part with it to the Publick , that it may not remain , and afterwards fall in their Hands . This leaves not the least room for Complaint , every Owner of Clipt Money having opportunity given him to part with 't , without Loss if he will ▪ and so in no sort will give Discontent , nor prove any way Prejudicial to the Currant Trade of the Nation , but on the contrary , bring out the heavy Money laid up of late , in hope that the Standard would be raised ; which ( in case it be not by Authority ) will go for no more than its weight , and whilst this is doing , so much New Money , from the old Melted down , will be Coyned , as with the help of the Old Money unclipt , will serve for the Publick Convenience , and not interrupt Trade in the least . Now to this 't will be presently said , If your Money now Currant be allowed so long to pass , as before is proposed , the Clipping Trade still will go on . To which it may be answered , and so 't will if nothing be done , and the inconvenience that would accrew to the People in general , if the Currancy of it were stopt all at once would certainly be greater by much . And To this it will further be said , If the King takes the Million in half Crowns , Proposed to be raised by the Lottery as a good Million of Money , and the other One or Two Millions ( tho I cannot think so much will be ) in the other Clipt Money , as good : Whereas in value it may not , ( it may be ) arise to above Three fifths , one with another of it : that is , supposing every Million so received not worth above 600000 l. What shall the King do , if he may not pay it out at the rate he received it , for the other 400000 l. which will of such Million be wanting ? Note , By this Proposal his Majesty's Affairs need not to be disappointed , nor to suffer at all in the least , since it may be avoided thus : Let the Money so received by the Crown from the Lottery , half Crowns and otherwise in Clipt Money be , ( by Sworn Officers on purpose appointed ) melted down and assayed , and then by Weight and Fineness delivered to the National Land Bank , or other trusty Persons for that purpose to be appointed : and for every Hundred Pounds ( reckoned at the Standard the Money shall be Coined at ) that shall be wanting of what 't was taken by the King at , by Tale , let 5 l. yearly , out of the aforesaid 50000 l. yearly , be settled ( till paid off by Parliament , ) which will fully enable such Bank , or other Persons intrusted , to answer the King his full and whole Money by Tale , as fast as he 'll draw it upon them ; and the Money so Melted , may , and must forthwith be Coined ; and thus this may be done with all Justice and Ease , as aforesaid . Decemb. 4. 1695. LONDON : Printed by F. Collins in the Old-Bailey , 1695. ABOUT Mending the COYN . It appearing the Interest as well as the Desire of the KING and his People , That some Regulations should this Sessions be made in the COIN , and the Sence 〈…〉 have it , that the Loss by Clipt Money , in some measure occasioned by 〈…〉 Connivance should be by the Publick made good , as well as the Standard Preserved ; That is , what Silver is Coyned should continue so to be ( as hitherto it has been ) at 5 s. and 2 d. per Ounce , being what will be most for preserving the Honour of England , and most for the Interest of His Majesty , and the Head Owners of Lands in the point of Revenue and Rents , and that this may be done with more Iustice , Ease , and less Expence to the Nation then it can by Raising the Standard , and making more Money by Tale from a Pound of Silver , then by the present Standard is allowed to be made , and that as to what relates to Forreign Trade , an Ounce of Silver , call it what you will is but an Ounce , and will purchase no more in a great many Pieces than in few , and that by being so made into fewer Pieces , 't will not be kept longer from being carryed abroad , and that as much Silver will be brought to be Coyned when the Old Standard shall so anew be Establisht , that no Money debased by Clipping or otherwise , shall longer pass in the Kingdom , are Positions if contradicted in Print , they soon will , and may be easie in Print ( having been so already ) maintained , and that the Difficulties to be feared in effecting this matter , with Honour , Satisfaction , and Iustice to all Parties concerned , and without Interruption of Trade , and with as little Expence to the Nation , as a thing of this nature can be , may no way obstruct the Trying to do it at this time , 'T is PROPOSED , 1. THat a Fund of 50000 l. yearly ( to which the late House of Commons seemed willing ) should be setled to make good the Loss , which cannot well be conceived to amount to what the said 50000 l. yearly will ( in the manner hereafter Proposed ) make good , and some easie Fund may be found for it . 2. That a Million of Money ( which also may this way be easily raised ) in Clipt Half Crowns , be sunk by a Lottery , which 't is believed will take them all up ; and if that it be Enacted , That such shall be taken for Tickets , and that no person shall be obliged to take any Clipt Half Crowns ( any otherwise than by Weight ) after Three Months , they all will come tumbling in , and the Owners of them will be pleased , having a Courtesie done them . Supposing such Allowance in the Lottery given , that every Adventurer shall be no Looser by it which 40 s. yearly for each 10 l. paid in for each Ticket will do . And , Whereas 40000 l. yearly , ( besides a Rebate ) for a Sixteen years Term , worth 300000 l. to bring in the Money was allowed as a Gift in the last , a bare 50000 l. in Money , put into a 1000 Fifty pound Prizes , will be sufficient to do it in this , and a Fund of 200000 l. may be easie found for it . 3. That the rest of the Clipt and Silver Money , Sixpences and Shillings , should be received by the King ( as now 't is ) in all Loans and Payments whatsoever , to be made in the Exchequer , for Six Months after the Three allowed for the Half Crowns , and that nothing but Silver Money ( as now 't is ) should during that time , be taken for Taxes by the Crown . This will in that time bring it all into the Exchequer , if it be made publick , That His Majesty will not , and that no other shall be obliged to take it ( but by weight ) afterwards ; this will keep it Currant for publick Convenience , for so long as the King takes it , and will make the Owners willingly part with it to the Publick , that it may not remain , and afterwards fall in their Hands . This leaves not the least room for Complaint , every Owner of Clipt Money having opportunity given him to part with 't , without Loss if he will , and so in no sort will give Discontent , nor prove any way Prejudicial to the Currant Trade of the Nation , but on the contrary , bring out the heavy Money laid up of late , in hope that the Standard would be raised ; which ( in case it be not by Authority ) will go for no more than its weight , and whilst this is doing , so much New Money , from the old Melted down , will be Coyned , as with the help of the Old Money unclipt , will serve for the Publick Convenience , and not interrupt Trade in the least . Now to this 't will be presently Objected , If your Money now Currant be allowed so long to pass , as before is proposed , the Clipping Trade still will go on . To which it may be answered , and so 't will if nothing be done , and the inconvenience that would accrew to the People in general , if the Currancy of it were stopt all at once would certainly be greater by much . And it may Further be said , If the King takes the Million in half Crowns , Proposed to be raised by the Lottery as a good Million of Money , and the other One or Two Millions ( tho I cannot think so much will be ) in the other Clipt Money , as good : Whereas in value it may not , ( it may be ) arise to above Three fifths , one with another of it : that is , supposing every Million so received not worth above 600000 l. What shall the King do , if he may not pay it out at the rate he received it , for the other 400000 l. which will of such Million be wanting ? Note , By this Proposal his Majesty's Affairs need not to be disappointed , nor to suffer at all in the least , since it may be avoided thus : Let the Money so received by the Crown from the Lottery , half Crowns and otherwise in Clipt Money be , ( by Sworn Officers on purpose appointed ) melted down and assayed , and then by Weight and Fineness delivered to the National Land Bank , or other trusty Persons for that purpose to be appointed : and for every Hundred Pounds ( reckoned at the Standard the Money shall be Coined at ) that shall be wanting of what 't was taken by the King at , by Tale , let 5 l. yearly , out of the aforesaid 50000 l. yearly , be settled ( till paid off by Parliament , ) which will fully enable such Bank , or other Persons intrusted , to answer the King his full and whole Money by Tale , as fast as he 'll draw it upon them ; and the Money so Melted , may , and must forthwith be Coined ; and thus this may be done with all Justice and Ease , as aforesaid . Decemb. 4. 1695. THO. NEALE . LONDON : Printed by F. Collins in the Old-Bailey , 1695.