A letter to a member of Parliament for settling guineas G. H. 1696 Approx. 4 KB of XML-encoded text transcribed from 1 1-bit group-IV TIFF page image. Text Creation Partnership, Ann Arbor, MI ; Oxford (UK) : 2008-09 (EEBO-TCP Phase 1). A44740 Wing H31 ESTC R40534 19348460 ocm 19348460 108756

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 Early English books online. (EEBO-TCP ; phase 1, no. A44740) Transcribed from: (Early English Books Online ; image set 108756) Images scanned from microfilm: (Early English books, 1641-1700 ; 1672:2) A letter to a member of Parliament for settling guineas G. H. 1 broadside. s.n., [London? : 1696] Signed at end: G.H. Answer to: Guineas at 21s. 6d. will make money plenty (1696). Place and date of publication suggested by Wing. Reproduction of original in the Goldsmith's Library.

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 eng Guineas at 21s. 6d. will make money plenty. Finance, Public -- Great Britain -- 1688-1815. Guinea (Coin) Coinage -- England. 2007-01 Assigned for keying and markup 2007-01 Keyed and coded from ProQuest page images 2007-02 Sampled and proofread 2007-02 Text and markup reviewed and edited 2008-02 Batch review (QC) and XML conversion
A LETTER to a Member of PARLIAMENT for Settling GUINEAS. SIR,

I Have Peruſed the Paper you ſent me, Entituled, Guineas at 21 s. 6d. will make Money Plenty—The People will bear it, &c. And I believe it was Writ by One whoſe private Interest it is to have them ſo: He endeavours to anſwer three Objections.

1. The People will not bear it. 2. It will be carried all away. 3. Not Lent to the KING.

TO the 1ſt. he ſays, The People will bear it; and ſo ſay I: They muſt, if compell'd, whether Willing or no: If it will not breed Diſcontentments, and Heart-Burning, 'tis Well. For People to loſe ſo Prodigiouſly by them 'tis very Hard. The Gentleman ſays, Not One in a Thouſand will be any great Sufferer, throughout the Kingdom: And yet (within three or four Lines afterwards) he ſays, He much pitys the Tradeſmen, Farmers, and Tenants, both in City and Country: Not Conſidering they make above three Parts of the Whole of the Kingdom. I know People are for a Settlement what they ſhall go for, but not for ſuch a One. This I know, When News came from the Houſe, that it was carryed in the Committee at 25 s. I never ſaw ſo much Joy and Satisfaction among all People, in the City and Suburbs in my Life, before the other News came that it was thrown out again; and then they were as Dejected. I verily believe, That if they were ſettled thereabouts for ſome time, to the next Seſſions of Parliament, or a Year, &c. the Taxes would be ſpeedily and cheerfully Paid, and Trading as quick as for Twenty Years laſt paſt: 'Tis not amiſs to give the People as much Satisfaction and Eaſe as Poſſible, under Great Taxes and Dead Trade: And, if the King take them at 25, or 26, and the Deficiency made up by a Tax next Seſſions, or otherwiſe, I Humbly Conceive, it would Content the People better than to loſe ſo much now at once.

Secondly, He ſays, It will not be carried away. I Anſwer, It will, if Intereſt will do it; and 'tis Cheaper to carry it to Holland in Specie, than to Remit it thither by Exchange; •• nd Guineas too is Cheaper to be carried thither at 24, or 25 s. than to Remit Money.

Thirdly, It will be Lent to the KING. And be better for his Majeſty by a fifth Part of all the Supplies given him; and will go a fifth Part farther, I Anſwer, If it be ſo, then it is 20 per Cent Gain to to the Government, and loſs to the Subject; 'tis well if People are ſo Satisfied—

I Submit the Whole to Your Judgment: But 'tis my Opinion there is a Neceſſity they be Settled now, or elſe declare by a Vote, You will not this Seſſions meddle with them more, then they will go for about 24, or 25 s. but at preſent all Trade ſtands ſtill almoſt; and will do till one of theſe two be done.

G. H.