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parliament_n	lord_n	majesty_n	temporal_a	3,873	5	8.1133	4	false

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ID	Title	Author	Corrected Date of Publication (TCP Date of Publication)	STC	Words	Pages
A44077	The groans of the poor, the misery of traders, and the calamity of the publick for the spoiling of our money, for the want of our money, and for the loss that will befal the King and the nation, if there be not as much money coined in the room of it, to pay our taxes, drive our trades, pay our rents, and the the poor to buy bread : and an humble proposal to raise four millions of money for His Majesty's and the nation's use / humbly proposed by a faithful servant to His Majesty and the nation, William Hodges.	Hodges, William, Sir, 1645?-1714.	1696 (1696)	Wing H2328; ESTC R36001	23,173	37

they grew wiser and wiser and saw how their Money was carried away made it less that they might keep it then we may be admired at if there be not more care taken to have plenty now and to keep it than to have but a little and such as is fit to send away to all parts of the World And I suppose if the French King were to wish us a mischief with a witness he would wish our Money spent and gone from among us and our Seamen ruined and that there might for time to come be such Men imployed in the managing of our Sea-Affairs as might let our Merchandize be fooled into his hand and in the mean time to let the King and Nation be cheated dreadfully at home and they smuggle it up all at last But I will say no more but only this as St. Paul said The Lord give us wisdom in all things And also the Lord in mercy bless our most Gracious and Valiant Majesty K. William and the two most Honourable Houses of Parliament This following Paper was delivered to the Lords Spiritual and Temporal in the Year of our Lord 1693. An Humble Proposal to their Most Excellent Majesties King WILLIAM and Queen MARY and to the two most Honourable Houses the Lords and Commons assembled in Parliament Humbly sheweth I. FIRST How our Trading Money may be made one fourth part better than now we usually receive One Hundred and twelve Pounds ten Shilling weighing down One Hundred and Fifty Pounds of our Old Money II. How we may have five or six millions of Money Comed in three or four Years time to the Joy of our Hearts III. How we may keep the said Money when we have it and not have it melted down or carried away IV. How we may call in a Hundred Thousand Pounds-worth of Crackt and broken Money and have new coin'd without any Loss or Charge V. How to have plenty of Silver brought into England every Year whereby the Mint will be always supplied VI. How to have near a Million of Goods transported more every year in time of Peace and War than usual VII How much the Ages to come will have cause to rejoice as well as the present time if we have plenty of Mill'd Money VIII If Care be not taken in time to have a supply of good Mill'd Money that we may keep how miserable bad all our trading Money will be even the worst in Europe IX How great a happiness to the Nation in Trade the Coining of six or seven Millions of Mill'd-Money will be if it be so we can but keep it among our selves and the Reasons are as follows viz. I. It may be observed by all that Receive Money for their Majesties or for themselves either from the Goldsmiths or in way of Trade That the most of the Money that we receive is Old Money some broken and a great deal clipt and some half worn out very seldom our Mill'd Money coming to Hand in Payments that we Receive And if any will take the pains to weigh 10 l. of Mill'd Money with 15 l. of the Old that 10 l. of Mill'd Money shall weigh down the 15 l. of the Old and that 100 l. of mill'd money shall weigh down 150 l. of the Old if taken as it is received but sometimes 4 l. of mill'd Money shall weigh down 7 l. of the Old And there being so many Clippers continually a clipping of our old Money it will be worse and worse every Year and there being so many Goldsmiths or Silver-Wire-Drawers or others concerned in melting down out New-money and so many outlandish men concerned in the buying up and carrying away of our Old mill'd money we are like to have less and less of it for time to come if some way be not found out for to prevent it and while it is so weighty and at no higher price no Law can hinder its being melted down or carried away except Angels would be at the trouble to execute them for men that melt it down can do it and none see them and they that carry it away can hide it as none find it and they will never accuse themselves except they are distracted And the reason why we have so little of the mill'd and do keep their Old is because one is too good to keep and the other too bad to carry away And we have not half enough of the Old neither and therefore that which I would propose is That we might have a new Coinage that might be better by a quarter part than our Old that is that 112 l. 10 s. of the New might weigh down 150 l. of the Old money and that the said 112 l. 10 s. should weigh down 100 l. of our mill'd money that now we have and in doing so we should have plenty of good Money quickly a full fourth part better than what we have and have the Mint kept in continual supply with Silver so that they should never need to sit still ten days in a Year and the profit of 400000 l. of that money would call in a 100000 l. of Crackt and broken money And it might be so ordered That the Goldsmiths should have one and a half present for carrying in a continual supply of money and not to let any lie in the mint above a month or five weeks so that they should return their money ten times every Year and that would be fifteen in the Hundred in a Year and for the Coinage there might be one per Cent. more or less allowed for Coinage and so there can never want Silver nor Coiners And for the other ten per Cent. to go the first 4 or 500000 l to call in as I said a 100000 l. of of Crackt Money and the profit of therest and there might be a Million more Coined in every Year I would humbly propose that there might be 3 or 400000 l. worth of crackt and broken and decayed Money called in every Year and the profit of the new Coinage will bear the loss of the old for it cannot be supposed that there can be less than fifteen hundred thousand or two millions of money Coined every Year if the Mint be kept in a continual supply as it will if there be one and a half or so allowed to bring in Silver and the Coiners paid as beforesaid and if Silver Rise then the more Silver Rises the less to go towards the calling in Crackt money so that it can never rise so high but there would be some overplus and the higher Silver rises the more plenty we should have brought in And indeed it may be supposed our Guineas going at about 22 s. at Christmass makes us keep them unmelted and also in England and if the Crown-pieces has risen as much in proportion as the Guineas they would have been preserved Also if every twenty Shillings had gone for a Guinea and if every Guinea were settled at 23 s. and our Old 20 Shilling

THE Groans of the Poor THE Misery of Traders AND THE Calamity of the Publick For the Spoiling of our Money For the Want of our Money And for the Loss that will befal the King and the Nation if there be not as much Money Coined in the Room of it to pay our Taxes drive our Trades pay our Rents and the Poor and to buy Bread AND An Humble Proposal to Raise Four Millions of Money for His Majesty's and the Nation 's Use Humbly Proposed by a Faithful Servant to His Majesty and the Nation William Hodges London Printed in the Year 1696. THE Providence of our most Gracious God having stirred me up two Years past to fore-see the Ruin and Destruction of our Money and to Print 600 Sheets in order to represent the same to the two most Honourable Honses of Lords and Commons in Parliament and an humble Proposal to call it in and have as much new Coined and that good mill'd Money and without any charge to the Nation But that being now too late to represent again Silver and Guinea's having been carried beyond Sea in so great a measure that they did once by reason of its scarcity rise to 6 Shillings 9 Pence per Ounce and the other to 30 Shillings the Piece and glad we had them But now since the rise of the same that other Nations could not find it worth while to carry it away but instead thereof they brought us abundance of our Gold again and took our English Goods from us and we have indeed had our Manufactures bought up faster than they could be made they are risen but to pull down our own Goods There is a Pamphlet come out called A Letter from a Merchant in Amsterdam Wherein he strives to have all our Mony Coined large enough for Strangers to carry away and if we do not he tells us in a threatning way in plain English that they have gotten away all our Clippings of our Money already but he saith we had no advance of our Goods by its loss and that is true enough and by the way I would observe that the littleness of our Money did not make the dreadful alteration of Prizes either in Lands Goods or Food among our selves But though it were worth but half the value it paid Landlord and Tenant the King's Tax and Tradesmen and every body to content but those who were to Ship it away and not a Penny loss to any one if it were not Brass and therefore the experience of several Years shews that Position of the rising of our Goods to follow the lightness of our Mony is a ●…e and for the Rise of our Goods in taking home our Guineas so high it shews two things first they are Shipped away dreadfully when they were low and returned to us again when they rose and the advance of our Goods to other Nations is the advantage of England and to hearken to those who in plain English tell us they must have our Money or if not as the Merchant from Amsterdam faith they will drain us of our Goods yea of our Wool But this is like the threatning of a Hector to a Prodigal Son that spends more than he gets if your Father will not supply you with Money I will seize on your Estates And to prevent this it may be some fond Fathers or Mothers supplies them with Money until they are ruined themselves And it may be it is in vain to give any of these counsel But in short the only way to reclaim a Son that spends a great deal faster than he gets is if it be not too late to keep him from Money to make away and be cheated of And in short I look upon England as a Family and the King and Parliament as Husband and Wife as King Charles hinted at in one of his Speeches to the Parliament and I look upon the Nation as the rest of the Family and our Expences in Silks and Wines and Flanders Lace and foreign things for Pride or Excess or at least that might be spared to be near two Millions a Year charges Now if we will let our own Manufactures be Drugs for want of Exportation as they were some Years when Money was Shipped away then we may well be poor For if our Tin and Lead and Cloth and Serges and all other Goods will not bear our Expences but we must spend more than we can get we must be poor The Spaniards that have the Silver Mines are so because their Money is gotten away from them And experience shews our mill'd Money is most part gone and if it were bought up for Twenty or Thirty Years when Goldsmiths fold it for two Pence in the Pound profit what will it be when it is worrh Twenty per Cent carrying away ro several Nations and like to be worth Ten or Fifteen per Cent. in a few Months to melt down here For so soon as our Money was gone and Clippings gone then Silver rose to Six Shillings Six Pence per Ounce And indeed now the very thoughts of our Money being Five Shillings Two Pence the Ounce hath made our Silver fall for what Goldsmith would give Six Shillings and Six Pence the Ounce when his Money is at Five Shillings Two Pence And by the way notwithstanding all the pretences of little Money making Goods rise I have known a Goldsmith hath sold about Thirteen Pound value of Plate and taken Silver Money for it at about half the weight and so long as it passed away he was pleased and so was all People with Corn and all Provisions And I do methinks see the value of Four or Five Millions of Money just as it were lost from England that is about one half may be call'd counterfeit Coin and melted down and that is brave to carry away first in Bars or Ingots of Silver and the other half will it may be be taken into the Exchequer and that will Coin one Million and of that Million I do expect the Danes and Swedes and Flemings and French will get it away in about a Years time if it be Coined as large as before and what we must have to Trade with God knoweth But it may be some will say there 's a deal of mill'd Money laid up which will come out when we have new mill'd Money Now this is one plausible Argument or Wheedle but my Arguments are from Reason and Sense For if I hear the mill'd Money is gone and see it going this Twenty Years and feel nor Five Pound of it in Five Thousand Pound abroad these three Senses tells me it is greatest part gone Some may be left I suppose for it is a hard Battle where none scapeth But if they hoarded it up before and since Guineas went at Thirty might have had a gain for 26 Shillings of mill'd Money if they had parted with it but would not then what should move them now It may rather be feared that they will keep it more carefully

Tennants and for merchants as well as Tradesmen and others But now If any shall say the Coining of money one eighth part less than our mill'd money would be a Reflection on us at this time To that I answer First It would be as if a generous Gentleman had used to treat Frenchmen several Years until his Estate began something to decay and also they began to quarrel with him and others to slight him and his own Family in the mean time began to want that money he had spent on others But however he did consider in time and got more good money and spent it in his own Family and among his Neighbours and they were all the better for it and his Father had many a good Treat out of it also and yet the Gentleman wasted none of his Estate The Strangers indeed would complain they could not cheat him as before but his Real Friends loved him the better And as the Wife man saith Prov. 9. 12. If thou be wise thou shalt be wise for thy self And indeed if others complain we are not so ready to part with our Silver as before let them know it is for the Publick Good for time present and for the Ages to come and if they will be so free to us for 30 Years to bring us so much good Money as they have gotten from us then let them complain but they neither are able nor willing to restore our Money to us again And indeed it is no reason the present Age or the Age to come should be beggar'd for a notion to please strangers and for our selves our money will be really better by about 30 l. in the hundred than our Old money if this new Coinage be Established and we may with Ease call in our broken money and have five times as much good money in the room of it in a very few Years and have it Coined all in mill'd Half-Crowns and Crown whereby it could not be clipt and would not be mo●…ed down and the Revenue that is now already for C●…ge may be given Their majesties for their use And 〈◊〉 any shall object that this New Coinage would not be large enough to Transport for paying off their Majesties Forces beyond Sea and so would be a prejudice to their majesties Affairs abroad Now to that I answer Such an Argument would be no Real Objection against this Coinage For first I do not hear there hath been above six or seven days work in Coining this several months And were we not better go to work constantly to Coin for the use of their Majesties and the Nation 's good here than to let the mint ly still and do nothing because of that But Secondly If there is a necessity of sending mill'd money to pay those Forces it is a sign that there hath been a dreadful havock of the mill'd money in times of Peace if thirty Years Coinage should have such large Wings as to fly away and not have enough left for that use and not Silver to supply the mint neither Thirdly But I suppose His Majesty can pay his Forces by Bills of Exchange for Foreign money as I do presume he hath done oftentimes before and so that objection makes much more against the Old mill'd money than this new proposed for Fourthly If there were plenty of Money Coined as there might be Two millions every Year the Return of it would be fifty Millions in a year and the People would be inabled chearfully to pay their Taxes freely and the King and People would be all happy in it Fifthly And indeed If I did not think it for the Common good of Their Majesties and the Nation also I should deserve severe Punishment for there is now at this time a necessity for us to defend our selves from that Common Plague of the Christian World the French Tyrant that hath burned more Christian Cities and Towns in his time than the Turks have done this Hundred and Fifty Years and hath rooted out the Protestant Religion more effectually out of his Nation than all the Bloody Persecutions did since the Reformation And it is a wonder to me if any Englishmen can be such Devilish Enemies to their own Religion and Country as to think that he that Ruins his own Subjects to plague all his Neighbours and hath ruined the Protestant Religion of his own Loving Faithful Subjects that he should be kind to us and establish a Protestant Church here is against Grace and Reason and common Sence to think and therefore Treason and Rebellion now looks like to Witchcraft for as Witches through Malice kill their Neighbour's Children and Cattle and are miserable themselves at last so those who would betray us to the French shew their Designs to be only Malice from the Devil for they could not secure themselves to enjoy two-pence of their Estates neither one Pennyworth of their Liberties nor one Farthing worth of their Religion if they have any if the French should prevail But we have cause to bless God for preserving these Nations and Their most Gracious Majesties and that Both of them and the Two most Honourable Houses of Parliament are so Unanimous against the Common Enemy and for the Interest and Happiness of Their Majesties and these Nations for the Time present and to come These Proposals are Humbly Presented by a True Lover of Their Majesties and the Prosperity Liberty and Safety of these Nations And that in the Safety of these Nations I may be Safe while I Remain Their Majesties Faithful Subject VVilliam Hodges Hermitage Decem. 11. 1693. This Sheet of Paper last foregoing was my Thoughts then how our mill'd money was melted down or carried away and the other Ruin'd But now I find if I mistake not there will be need of near a Million of our old money if it be Coined as Large as the old mill'd money to be carried into Scotland after it is Coined into five hundred thousand pound That is I hear there is three hundred thousand pound subscribed in England to help carry on their East India and West India Trade and they send us home ten or twenty thousand pound of our old money in a Ship And if they send us but two hundred thousand pound and take two hundred thousand pound of mill'd money again that will make up half a Million of the New And yet I hear there hath been some Consultation how to prevent their Trade's Increase and our Trade's Ruin But if we provide them large money I fear it will be the greatest help to them in Trade that ever they had Whereas money at 3 quarters the mill'd weight would be the way to prevent their design in a great measure But it may be the most effectual way to Ruine their Trade would be if we could transfer some of our Plagues to them our Cheatsaud Fxtortioning Ticket-buyers and such Commanders of Men of War as he that Run away from the Privateer lately when he had about one Man wounded and let a New Ship be taken coming from Shoram and also others that have fool'd away our Ships of War and Merchant Men and send an English Admiralty and Navy-Board the one to put in such Officers as will do as aforesaid and Run up and down and do them no good and if all agree together to Ruin their Seamen and Trade and to hide an smuggle up all Cheating Cowardize and Roguery and that all these may be still protected and employed until their Trade and Ships be Ruined and that will do the work And if any object and say No Nation would suffer such to Ruin themselves and will by Ignorance or Villany Ruin their Trade except they were under the Judgment threatned to Israel of old to be smitten with Madness and Blindness To that I would answer I suppose they would not suffer them if they saw they were so greatly Ruined and indeed I would not wish them such Plagues But that their out-doing us in our Trade may be prevented by our hindring them a Supply of Large Money it being to be feared we have frightned home many Droves of their Seamen lately which will be one great help to them So begging of the Lord to direct and bless our gracious King William and our Loyal Parliament and these Nations and be the Portion and Blessing of them and me and all my Family And intreating Pardon for what is amisss in this or any thing wherein I mistake I subscribe my self His Most Gracious Majesty King William's Faithful Subject and the Nations Faithful Friend W. Hodges Hermitage-Bridge Jan. 18. 1695. FINIS