A proposal to make good the coyn of this kingdom without diminishing the species thereof.

A proposal to make good the coyn of this kingdom without diminishing the species thereof.

Table of contents

A PROPOSAL To Make Good the Coyn of this Kingdom, Without Diminishing the Species thereof.

[Page]

A PROPOSAL To Make Good the Coyn of this Kingdom, Without Diminishing the Species thereof.

WHEREAS the great Difficulty that appears in bringing this Matter to bare, proceeds from the Consideration, That the Calling in all the Clipt Money, (being so general) will occasion a great stop in Trade, the Market thereby not able to be Supply'd, besides the many further Inconveniences that may Naturally arise: YET the Necessity for our Moneys to be Regulated is such, That it were much more Eligible to be subject to the hazard of such mischiefs, than not put a stop to that growing evil: Both which to prevent, it's Humbly Proposed as an expedient to render it easy and practicable, as followeth:

THAT a FUND (being made for a Lottery of a Million, or more, if thought fit, to be Advanced by such Persons only as shall purchase their Interest by bringing in Plate; forthwith to be Coined before the Clipt Money be called in) would certainly Answer in lieu of Ballion, to give an immediate Supply to the Market, keep our Money circulating, and remove all Objections.

THE Quantity of the Superfluous Plate in this Kingdom is so considerable. which, together with the Useless Plate in Publick Houses, being Prohibited, it's not to be doubted, but One Million, at least, would be soon Advanced.

ESPECIALLY when we consider the Price that Plate now bares, and how desirous the People are of coming into another Lottery, as plainly appears by the Prizes and Blanks in the Million Adventure, when once past the hopes of another Lottery, this Sessions Advanc'd from Six Years Purchase to Seven and an half.

THE Way and Method for all such Persons as intend to be Proprietors in this Adventure is Propos'd, that they carry their Plate to the Mint, there to receive Tickets according to the Value, Accounting so many Ounces as shall be proportioned to a Ticket, and for every odd Sum that shall happen over and above, to receive a Note for the same, Payable at a certain time, after Coming.

BUT if if it shall be thought fit to have such Plate brought into the Bank, on the same Conditions as above, thence to be Transmitted to the Mint, to return in Coin; the Mint will be greatly eas'd, considering the Work upon their hands, and the Money made much more Defusive.

FOR the Bank thereby being enabled to answer the Defficiency of the Mint, all Persons of Worth and Credit, that shall bring their Money to be Coin'd, will readily take Notes upon the Bank, for what shall fall short, which being for their ease; and having a free Credit, the Million in Specie will remain in the Bank to supply the Poorer sort of People, that can afford no Credit, having no more than bare Subsistance.

SO consequently, The Bank will supply the Mint, and the Mint be able to supply the Bank before Occasion: Therefore no possibility of Stoppage in Commerce, or want of Current Money.

BY these means, not only the present Occasion is answered, by Facilitating the Coynage of all the Clipt Money, but a Million in Specie is created more; without which, it's directly linking a Million from what was in the Nation before, which is conceiv'd can hardly be spared at this time.

THE Proposer craves leave further to Observe, that considering the Honourable the House of Commons has so far proceeded in Relation to the Regulating this intollerable Abuse, if not effectually Rem [...]dy'd this Sessions, it has given such an Alarum, that, before the next Sessions, it will be, in a mann [...]i [...]ssible to preserve any one piece of Money, that is now of Good Value, from receiving the same Injury: And how far this will add to the Misfortune of the Nation, is Humbly submitted to their Great Wisdom.

By T. H.

Information about this book

Title statement

A proposal to make good the coyn of this kingdom without diminishing the species thereof.

T. H.

Edition statement

1695

Publication

Publisher

Text Creation Partnership,

Place of publication

Ann Arbor, MI ; Oxford (UK) :

Date

2009-03 (EEBO-TCP Phase 1).

ID [DLPS]

A43319

ID [STC]

Wing H144

ID [STC]

ESTC R216502

ID [EEBO-CITATION]

99828229

ID [PROQUEST]

99828229

ID [VID]

32656

Availability

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.

Series

Early English books online.

Notes

(EEBO-TCP ; phase 1, no. A43319)

Transcribed from: (Early English Books Online ; image set 32656)

Images scanned from microfilm: (Early English books, 1641-1700 ; 1865:19)

Source

— A proposal to make good the coyn of this kingdom without diminishing the species thereof., T. H..

Extent

1 sheet ([1] p.)

s.n.,. [London? :: 1695]. (Imprint suggested by Wing.) (Reproduction of the original in the Goldsmiths' Library, University of London.)

Creation

Created by converting TCP files to TEI P5 using tcp2tei.xsl, TEI @ Oxford.

Editorial practices

EEBO-TCP is a partnership between the Universities of Michigan and Oxford and the publisher ProQuest to create accurately transcribed and encoded texts based on the image sets published by ProQuest via their Early English Books Online (EEBO) database (http://eebo.chadwyck.com). The general aim of EEBO-TCP is to encode one copy (usually the first edition) of every monographic English-language title published between 1473 and 1700 available in EEBO.

EEBO-TCP aimed to produce large quantities of textual data within the usual project restraints of time and funding, and therefore chose to create diplomatic transcriptions (as opposed to critical editions) with light-touch, mainly structural encoding based on the Text Encoding Initiative (http://www.tei-c.org).

The EEBO-TCP project was divided into two phases. The 25,363 texts created during Phase 1 of the project have been released into the public domain as of 1 January 2015. Anyone can now take and use these texts for their own purposes, but we respectfully request that due credit and attribution is given to their original source.

Users should be aware of the process of creating the TCP texts, and therefore of any assumptions that can be made about the data.

Text selection was based on the New Cambridge Bibliography of English Literature (NCBEL). If an author (or for an anonymous work, the title) appears in NCBEL, then their works are eligible for inclusion. Selection was intended to range over a wide variety of subject areas, to reflect the true nature of the print record of the period. In general, first editions of a works in English were prioritized, although there are a number of works in other languages, notably Latin and Welsh, included and sometimes a second or later edition of a work was chosen if there was a compelling reason to do so.

Image sets were sent to external keying companies for transcription and basic encoding. Quality assurance was then carried out by editorial teams in Oxford and Michigan. 5% (or 5 pages, whichever is the greater) of each text was proofread for accuracy and those which did not meet QA standards were returned to the keyers to be redone. After proofreading, the encoding was enhanced and/or corrected and characters marked as illegible were corrected where possible up to a limit of 100 instances per text. Any remaining illegibles were encoded as <gap>s. Understanding these processes should make clear that, while the overall quality of TCP data is very good, some errors will remain and some readable characters will be marked as illegible. Users should bear in mind that in all likelihood such instances will never have been looked at by a TCP editor.

The texts were encoded and linked to page images in accordance with level 4 of the TEI in Libraries guidelines.

Copies of the texts have been issued variously as SGML (TCP schema; ASCII text with mnemonic sdata character entities); displayable XML (TCP schema; characters represented either as UTF-8 Unicode or text strings within braces); or lossless XML (TEI P5, characters represented either as UTF-8 Unicode or TEI g elements).

Keying and markup guidelines are available at the Text Creation Partnership web site.