WHereas divers Ingenious Gentlemen and others have of late sent into the World , by way of the Press , their sentiments and present thoughts , as to Regulating the Coin of Great Britain's Empory .

1. It 's Proposed that every Mill'd Crown Pieces shall pass for six Shillings and 3d . and so in Proportion all Half-crowns , Shillings , six pences , &c. And that Sterling should be at 6s . and 5d . half penny per Ounce .

To which it may be answered , There will be a fraction in Payments of Mony ; 6 d 4d . 3d . 2d , and 1d ▪ for they should be advanced in proportion to the rest , otherwise they will be melted down .

This worthy Author Proposeth farther , That the Standard of our Silver should be 6 s . 5 d . half p●nny per Ounce for all that brings Silver to be Coined ; by which it appears there will be 2 d . half penny per Ounce for Coynage , which will give all the greater and lesser Banks opportunity to ingross and monopolize all silver into their own hands , which is the readiest way to raise the price to 10s . per Ounce ; then where will be the Crown Piece at 6 s . 3 d . it being the opinion of this Author : But it is supposed the Standard will rise , and not fall , for what hath been most usually done in past Ages , may be Practised again , as doth appear by taking a view of former Acts relating to our Coines from the first year of King Edward the first , to this present year under the Reign of our most gratious King William .

In the first year of Edward the first , one Pound weight of Silver , being 12 Ounces Troy , did go for in Mony here in England , 4 l. 3 d ▪

Which after that rate for an Ounce is Twenty Pence farthing ; and after that it rose in the several Kings Reigns , as followeth , viz.

  l. s . d In the time of Edward the Third 1 2   In the Eighteenth year of his Reign 1 2 0 In the Nineteenth year of his Reign 1 2 2 In the Twenty Seventh year of his Reign 1 5 6 Richard the Second , in the Eighteenth year of his Reign 1 5 0 Henry the 4th , it continued in Value 1 5 0 Henry the 5th , in the 9th year of his Reign 1 10 0 Henry the 6th , in the 49th year of his Reign 1 17 0 Edward the 4th , it continued in value 1 17 66 Henry the 7th , it continued 1 17 6 Henry the 8th , in the 1st year of his Reign 2 5 0 Edward the 6th , in the first year of his Reign 2 8 0 In the 6th year of his Reign 3 0 0 Elizabeth , in the 43d year of Her Reign 3 2 0 James the 1st . and ever since continues 3 2 0

And at this values it is now in his Majesties Mint , which is 5 s . 2 d . per Ounce ▪ And is now worth , in Bullion 6 s . 5 d . per Ounce : And it 's Evident by what is above that whenever the Price of Silver was raised in England in Proportion to ou● Neighbouring Nations it never abated afterwards ; and we may and have ground to believe that some of out East India Trade , and other Trades , make it their business and daily Practice to buy up Bullion , and yearly send it out in Ingots ; so that it will still rise , and not fall . Since the Restoration of King Charles II . to this time there hath been Coined in the Mint in Mill'd Money , many Millions , the Sum too great to be exactly Named ; and it is humbly conceived , if this Mill'd Mony were in the Kingdom , it would be either be at Interest or in Trade ; and then it would be visible , and received in Payments ; but instead thereof there is not , for the most part in common Payments , one Pound Received in an Hundred Pounds , which is not above an hundred part of the said Mill'd Monies ; whereby it doth appear that the rest is melted down , or carried out of the Kingdom , as aforesaid , to the great prejudice , and greater Impoverishment of the Kingdom , and so will continue , if not remedied ; From hence it doth appear that the Standard hath always been raised , and not lower'd , except when the East India Company had ingrossed it , and sent great quantities to the Indies ; and then it did rise not above a penny or two pence per ounce , which signified but little to what it hath , and is like to Rise . Now Mony being the common Standard of the World , as to Commerce and Community ; if England have most Mony , Goods or monies worth , it will be most substantial and wealthy , and that it may be so , it ought to furnish it sell from it self , with as many needs of Life as may be by Manufactures , and all Husbandries whatsoever , that it can make or bear , and want as few as we can , and less Monies will serve us , and we shall have store of Monies continually : If the East-Indoa Company were more General and National , then would be sent out more Goods Manufactured , and less Gold and Silver ; all Nations would then , by way of Returns , send their Gold and Silver here , ours being the best Market ; and this would in due time , give us the Possession of the true Ballance of Trade , both as to Bullion and Manufactures .

Secondly , Others have Proposed , That the Mill'd Crown , and Half Crown may pass at the price of Sterling , and that New Monies be Coined 19 Penny Weight , and go at the Price of one Ounce of Silver Sterling .

This is not consistent with Reason , for then we may be served by the Banks and others , as we are served by the Bakers , to raise it and fall it at every shower of Rain that may happen , as they please .

Thirdly , It 's Proposed by another , that Silver should be Sold for but 5s . per Ounce , which is less than it hath been Sold for these many years , at home , and in foraign parts ; in so doing we shall have all our Silver and Mony Spirited out of the Kingdom to a better Marker .

In all Humility , there might be divers ways Proposed to settle the Coin for a Publick Good to all , if the Honourable House of Commons would pass a Vote to Order a Leger or Register to be kept in a proper place near the House of Commons , by a Clerk or Clerks Attending a Committee appointed for the purpose , where any of his Majesties Subjects or Strangers , may ▪ after the Honourable House , and Lords or the Treasury , Exchequer and Mint , Proposing ways for Regulating the Coin ; and for Erecting New Funds for raising the King Money , have liberty to inspect the Books ; and if he finds nothing there as to what he intends to Propose , he may then enter it , and he be deemed the first Proposer or Peojector , and have liberty to attend the Committee with his Proposal in Writing , and if Approved of by the Committee , and it pass into an Act or Acts , either in part , or the whole , that Session of Parliament , or any time after , he or they to have a Gratuity , or Place , or Sallery in the said Fund , as he is most capable of .

These Arts and Manufactures being Incouraged and added to what we have already , may Advance Englands Interest sufficiently , and make it Rich , Strong and Populous , and Cause an increase of Marriners and able Sea-men to a miracle .

1. The Linen Trade , will imploy thousands of People , Men , Women and Children in Dressing , Planting of Hemp and Flax , and in spinning all sorts of Yarn for making Fishing Nets , Sail Cloth , Canvass , Twine and Line .

2. Advancing che Paper Trade .

3. The Royal Fishery .

4. Will advance the Salt Trade .

5. Introducing the Tin or Lattin Trade , in tinning ever Iron Plat●s .

6. The Sider Trade .

7. Incouraging excellent Wines from Goos●●●ries , Currants , &c

8. Enclosing of Forrests , and improving to best Advantage .

9. A more general Discovery , and improvement of Mines .

Planting of Maddes , Saflower and Woold , and will add to our Tillage .

These aforesaid Trades will beget a new Stock of People , and being imployed , will not only maintain themselves , but add an imploy to all the old Profession , which will be Planting a new Nation in the midst of us , and in due time give us the true Ballance of Gold , Silver , and Trade in general .