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A22667 The summarie of certaine reasons which haue moued the Quenes Maiestie to procede in reformations of her base and course monies, and to reduce them to their values, in sorte as they maye be turned to fine monies, appointed to be declared by her Maiestie, by order of her proclamacion, in her citie of London. England and Wales. Sovereign (1558-1603 : Elizabeth I); Elizabeth I, Queen of England, 1533-1603. 1560 (1560) STC 9184; ESTC S119021 4,190 12

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The Summarie of certaine reasons which haue moued the Quenes Maiestie to procede in reformations of her base and course monies and to reduce them to their values in sorte as they maye be turned to fine monies appointed to be declared by her Maiestie by order of her Proclamacion in her Citie of London FIrst of all it is knowen that the honour and reputacion of the singuler wealth that this Realme was wont to haue aboue at other Realmes was partely in that it had no currant monies but golde and syluer whereas contrary all other countreys as Almayn Fraunce Spaine Flaunders Scotland and the rest of Christendom haue hadde and styll haue certayne base monies nowe of late dayes by turnyng of fine monies into base muche decayed and dayly growen into infamie and reproche and therfore is thought necessary to be recouered Wherin lyke as her Maiestie for her part meaneth to be at great charges so euery good Englishe subiecte ought to be content though it seme some smal losse at the fyrst Also by continuing of the base monies diuers persons both in forreine partes and within the Realme haue counterfayted from tyme to tyme no smal quantitie and brought to porte townes and vttered the same at the fyrste after the rate of xii pence a Teston and after that for .vi. pence where the same was not in dede worth much aboue two pence And caried out of the Realme for those base monies the riche commodities of the same as Wolle Cloth Lead Tinne Leather Tallowe yea and all kynde of victual as Corne Malt Beere Butter Cheese and suche lyke so as counterfaicters and suche lyke haue for small summe of monies counterfaicted caried out sixe times the value in commodities of the Realme By the meanes also that these base monies were currant diuers subtyll people haue chaunged the same for the golde and fine syluer monies of this Realne and haue transported and caryed out the same golde syluer so as although there hath ben coyned both in the later end of the raign of kyng Edward in the tyme of Quene Mary nowe also sence the Quenes Maiesties raigne great quantities of golde and syluer yet to part therof is sene cōmonly currant but as it may be thought some part therof is caryed hence some percase by the wyser sort of people kepte in store as it were to be wyshed that the whole were Also by continuaunce of this sorte of base monies although almyghtie God hath geuen nowe of late yeares plentyfull increase by the earth for the which he is to be thanked without any uche plages of scarcitie as in our forefathers tyme hath ben read when many hundrethes and thousandes of people haue dyed for famine yet the prices of all thynges growyng or commyng from the earth hath inmeasurably and dayly rysen as all maner of grayne fruite cattell bestiall victtuell wolle leather and such lyke and no remedy could be deuysed to amende the same but to cause that the same base monies shuld be currant for no more then they were in iust value For euery man of the least vnderstandyng by one meanes or other knew that a Testō was not worth six pence nor the peece of two pence was woorth so much therfore no man woulde geue gladly that thing which was and euer had ben worth sixe pence for a Teston but would rather require two Testons so a thyng being worth sixe pence was bought and solde eyther for two Testons or one and a halfe which was in reckenyng .xii. pence or .ix. pence and nowe euery Teston being brought to the iust value it must nedes folowe that one shal bye of another hereafter that for .iiii. pence half-peny whiche was wont to coste .vi. pence And when the Teston shalbe brought into fine syluer then shall all men be as desyrous to sell any ware for suche fine monies as they haue of late ben loth and vnwyllynge to sell anye thynge for the base monies except they myght haue had twyce as much of the base monies as they were wonte to haue of the fine or els that for necessitie they were dryuen to sell the same By this meanes also now that the base monies are brought to the iust value and that euery man shall haue fine monies for them all poore people that lyued of theyr hand labour as well artificers in cities or townes as labourers in husbandrye or men that toke dayetall wages eyther by land by sea or by freshe waters and all meane gentlemen that liued but vpon pensions and stipendes and all souldiours and seruyng men that lyued vpon solde and wages shall haue theyr pencions stipendes soldes and wages now payde in good and fine monies therwith shal bye more necessaries for theyr sustentacion then coulde afore be bought who surely hauyng heretofore after the rate of xx.s xxvi s viii d .v. nobles xl.s iiii markes .v. markes .iiii. poundes .v. poundes .xx. nobles so vpward by the yere payde to them in these base monies could not haue so much victual apparel weapon armure horses or such lyke with the said stipend by more then a fourth part as they shall now haue because indede the saide base monies were of thēselues no more worth By this reformacion also of base monies shall necessarely folowe a more profitable accoumpte betwixt the monies of this Realme and of other countries and thereby the accoumpte which by marchauntes is called the eschaunge shall also aryse in estimation of the monies of Englande in suche sorte as in former tymes hath ben and the forreine commodities thereby also be bought for easyer pryses to the benefite of all suche as shall vse the same So as the matter well considered the greatest numbre and specially the poorest shall haue most commoditie hereby yea and such others as haue moste gayned by excessiue prices shall haue also yf they wyll consider them selues no small profyte and helpe And fynally no maner of person in the whole Realme shall haue after one to two monethes hurt hereby except onely the traytour which hath lyued by counterfaictyng And therfore it is to be allowed and imbraced of al people and euerye man to thinke that although at the first he maye suppose that he hath lesse monie in his purse yet shall he haue for the same metal as much as that was worth eyther in ware or at her Maiesties mint in fine monies And when soeuer he shal vtter that base monies whiche at the tyme of the Proclamation he hadde the next that he shall gette eyther be his hande labour or for his wages shalbe eyther fine monies or such as he may haue as much fine monies in the mint for it And consequently euery man ought to thanke almyghtye God that he may liue to se the honour of his countrey thus partely recouered Syiuer to come in place of copper pryces of thynges amende all people to be more hable to lyue of theyr wages euery mans purse of coffer made free