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To the Honourable, the Knights, Citizens, and Burgesses, in PARLIAMENT Assembled. PROPOSALS Humbly offered, for Passing an Act to prevent Clipping and Counterfeiting of Mony.
WHEREAS Mony is the Principal Supporter, both in times of Peace and War and the only Riches, on which depends all Commerce and Trade. It hath therefore been the care of all Countries to keep their Coyn as free from defects as possible. Now England hath been more grieved with Clip'd and Counterfeit Mony than any other Country, for want of proper Laws to prevent the same, and by the abuse of the Minters of our Mony, who have made the Coyn with so little Art and Ingenuity, that any may Clip or Counterfeit Mony without much difficulty.
That it may be presumed, the old Mony in this Kingdom is now worth two thirds of the Intrinsick value; taking the large and small together. But if there be not a stop put to Clipping of Mony, it will in a few Years be so Diminished and Counterfeited, that it will not be worth half the value it was Coyn'd for.
Therefore, to prevent Clipping and false Coyning for the future,
It is Humbly Proposed,
That since it may be presumed, the old Mony is worth two thirds of the Intrinsick, it should be all called in, and Melted down, and new Coyn'd into Mill'd Mony of the same value it is now of, one with another, viz. Every piece so to be new Coyn'd, to be only two thirds of the Intrinsick worth.
If it be Objected, That to call in the Money and new Coyn it, will be so great a trouble and charge to the King and Subjects, that it must not be done at this time.
It is Humbly Answered.
That there shall be a moveable Mint that shall be placed in the middle of a County, &c. and shall give notice to all the Parishes in the said County, to bring their Mony by such a day, to be changed for new Coyn'd Mony; so having done in that County, the Mint shall move into the middle of the next, to change and Coyn their Mony as aforesaid, and so through the Kingdom, until all the old Mony shall be Coyn'd into Mill'd Mony.
That the Mint shall first go into Cornwall, Devonshire, &c. or where the largest Mony is to be found, by which means the Mint will have a Stock to change the Mony as fast as it is brought to them.
That by this Method, the Poor and Rich may change their Mony with very little trouble or charge, or fear of being Robb'd, for it may be presumed that many will go together to the Mint, and will take the Poor's Mony with them. And further, That many will make it their Imployment to fetch Mony from the Mint, and carry it to the adjacent Towns to change their Mony, and will do it for small profit; so that the Mony in the Country will be changed with very little trouble and charge, and in London with much less, for all the old Mony may be thus Recoyned for 10000l. Extraordinary Charge to the Mint, which is no great Expence in regard it will remove the greatest Grievances this Kingdom is afflicted with.
If it be further Objected, That to Coyn our Mony less than the Intrinsick value will be a great Abuse to the Subject and a Dishonour to the Kingdom.
It is Humbly Answered.
That it shall not be any abuse to the Subject, for as soon as the Mony is Recoyned, by which it will be known how much the Mony wants of the Intrinsick (and Silver Cheap, which now is very dear) the Mony shall be called in and Coyned up to the Intrinsick: This Recoyning being done, only at present to stop the Currant of Clipping and false Coyning, which is now so much Practised, that it is probable they Clip and Coyn 500000l. per ann. So that if an Act should be made to call in the Mony, and Coyn it up to the Intrinsick worth, it would be so long about, that the Kingdom would lose at least two Million of Mony by Clipping and false Coyning of mony before it could be done; Whereas, what is here Proposed, may be done in one Year, and then there <2> may be a small Tax afterwards laid for calling the Mony in, to Coyn it up to the Intrinsick, which may be done by degrees; so that it will be no trouble to the Subject at all, after this first calling in of the Mony.
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