PROPOSALS FOR A National Bank.   

PROPOSALS FOR A National Bank: SETTING FORTH How three Millions of Pounds may be raised for the Support of the Charge of the War.  
How the Mint may be supplied with three Millions of Gold and Silver Coin.  
How the present clipped money may be Exchanged without any farther Loss to the Nation.  
How the Cash of the Nation may be increased Six Millions of Pounds in eight Months Time.  
How the expense of the War abroad, may be supplied without draining us of our Cash.  
LONDON, Printed for Richard Cumberland, at the Angel in S. Paul's Church-Yard, 1697.   

PROPOSALS FOR A National Bank.  
THAT a Fund of Five Hundred Seventy Five Thousand Pounds a Year, be settled for six Years, for the proposed Bank, which will be Three Millions Four Hundred and Fifty Thousand Pounds.  
When the said Fund( or Bank) is settled, it will be requisite that an encouragement of Fifteen per Cent. may be given unto all Persons that shall bring or carry into the Mint any wrought Plate or Gold,( or Clipp'd-Mony) that doth or may appear to have been made before the 24th of June, 1696. And that no melted Silver and Gold have the Benefit of the said allowance of Fifteen per Cent. but what shall appear upon Oath given,( by one or more credible Persons) that the same was not the Clippings or Coin of this Kingdom, since the said 24th of June, 1696.  
Then, That the Mint be impowred and obliged weekly, for fifteen Weeks successively, to receive in wrought Plate and Gold, and old Clipp'd-Mony to the Value of One hundred thousand Pounds, and to pay for the same ready money: But should not receive in more than the Value of one Million and a half in English made Plate or Gold, or Clipp'd-Mony, in the whole giving the pference to the clipped Coin for two Months.  
For whereas, the Encouragement of Fifteen per Cent. will put our Merchants,( as well as Foreigners) on the Importation of Foreign Bullion, Coin, and Plate; and that they may not be disappointed, the Mint should be obliged for to receive of them Weekly to the Value of One hundred thousand Pounds, after the first fifteen Weeks, and continue so to do for fifteen Weeks, or until the other Million and half be completed, paying the Owner or Owners thereof ready money for the same as they receive it; and preferring those that shall contract with the Lords Commissioners of the Treasury, for any parcel or parcels thereof.  
As the Bullion, Plate, or Coin, cometh into the Mint, the said three Millions, should be Coined into Guineas, half Guineas, Crowns, half Crowns, Shillings, and Six-penny Pieces, and of the same Weight and alloy they are of now, but should be Coined of a different Stamp from the present money.  
Then, That an Act of Parliament may pass, that all such money for the term of seven Years, shall be( and go as) current money in Payment for double what the said money goeth for now, that is, the Guinea for forty four Shillings, the Crown for ten Shillings, the half Crown for five Shillings, the one Shilling for two, the sixpence for one Shilling, &c.  
By this method, the three Millions so Coined will make six Millions, and three Millions of it pay for the wrought Plate, Bullion or Coin; and leave three Millions more for the support of the charge of the War.  
At the end of seven years, all such money should go for the same value it goeth for now at present; and those in whose possession it may be in, paid, the difference out of the Fund or Bank settled for that purpose, which may be done in the following manner:  
That at the end of every year, as the Fund cometh into Cash, the said money should be Punched, and paid out again unto those Persons that shall bring any of the said raised money, which should be also Punch'd; and, after so punch'd, should go for no more than our present money goeth for: So that every Year the said raised money will decrease as the Fund settled by the Parliament cometh into Cash.  
By this Method most of the new raised money will be exchanged before the seven Years are expired.  
But what may remain unexchang'd the Magistrates in all Cities and Towns for the space of one Month, may be appointed for to Receive and Punch such money as shall be brought them; and when so Punch'd, return the same to the Owner or Owners, and impowred to give their Bill or Bills for the other moiety on the Officers of the Fund or on the Bank of England in Case the Parliament shall think fit to lodge it there.  
That all moneys already Coined go at the same Value they now at present go at, and by Act of Parliament made a severe Penalty for any Person to make any distinction between the Old and New Coin in their Bargains Receipts and Payments.  
That no more than the Amount of the Fund settled by the Parliament be Coined of the new stamped money, but no Obstruction put to the Coining any of the present money.  
Having set forth the Proposal for a true National Bank, I shall proceed in the next place for to answer those Objections that may arise from the same.  

OBJECTION.  
Allowing you to have made good in the foregoing Proposal, the four first Articles in your Title page., viz.  

That three Millions may be raised thereby for the support of the War.  
That the Mint may be supplied with three Millions of Gold and Silver.  
That the present clipped money may be Exchanged without further loss.  
That the Cash of the Nation may be Extended Six Millions.   
Yet I do not foresee how the expense of the War abroad can be supplied without the draining us of our Cash,( as you propose by your Fifth Article in your Title page.) for I cannot believe that Foreigners will ever receive our Twenty two Shillings for Forty four Shillings, and our five Shillings for ten Shillings, or our two Shillings and sixpence for five Shillings &c. As you propose it should pass for, and I think we had a sufficient demonstration thereof when our Guineas went at Thirty Shillings each.   

ANSWER.  
I cannot but believe that our money being raised for Seven Years only by an Act of Parliament, and a good Fund settled for the payment of the same at the Expiration thereof, will undoubtedly find as good Credit abroad as any private Bill of Exchange or Bank Note, being said, money doth entitle them that have it to the other moiety of the Value, and will be as Valuable here in England( for the purchasing ought) as our present money; therefore I think it cannot be presumed but that it will be as Current within a small matter to the Value put on it here.  
For can any reasonable Man imagine that such new Coin so settled by Act of Parliament should pass abroad for no more than the Value of Silver in it; when every Year here in England they go making good the over-value set on it?  
I say if they can but Imagine such a Consequence from it, let them but consider what the purchasers of such money abroad will gain thereby, and then I do presume they will allow the demand, for it would occasion the raising it, above that Value, and even to the Value in England, unless some allowance made for the Charge and Hazard of Importing it to us again.  
I will suppose the Case thus, a Merchant in Holland hath occasion for to purchase Goods in England, and would remit Silver for the procuring of them; if he can but buy our Coin there at two per. Cent. under the Value put on it here, he will undoubtedly do it, being it will be so much gain to him more than if he had sent the like Value in Bullion, after the Mint hath received in the quantity proposed to be Coined.  
Again this further reason doth Convince me that our money abroad will go for more than the Value in Silver in it, since if it were to be purchased so, those that could do it, and did but keep it in their Coffers( without employing it) if laid up the First year, would yield above Fourteen per Cent. Interest. If the Second above Sixteen per Cent. If the Third Year, Twenty per Cent. If the Fourth Year, Twenty-five per Cent. If the Fifth Year, Thirty-three and one third per Cent. If the Sixth Year, they make Fifty per Cent. Interest. And if the Seventh Year, they make Cent per Cent. This very advance would give it a greater Value. And I have always found that the Value put on any one Commodity in one Country hath given it a proportionable Value in another( not that its so in Substance) but because it will really produce so much there.  
As for Instance, should our Drapery be risen in Holland, it would occasion a proportionable rise here, being the proprietors of it here would make so much of them if they sent them thither; and so it will stand with our new raised Coin abroad.   

OBJECTION.  
But a particular Manufactory, and Silver and Gold, is of a different Nature: Because the latter is become an Universal Commodity, and therefore when supplies thereof may be had cheaper from other parts, it will have no more than the Universal Value put on it.   

ANSWER.  
That our money so Coined and raised by Act of Parliament, will and ought to be esteemed as a particular Commodity of our own product, since it is so, from the Stamp and the Authority by which it is done, together with the security given for the making of the same good, at the expiration of Seven Years.  
But for the giving a greater reputation abroad to our said money, and making it more Current,  
A Register may be kept of all such money Exported by the Officers of the Custom-house, and Factors abroad appointed to receive in such money again as shall be so Exported, and give their Bill or Bills, for the Value on the Bank, payable in two Months time, in which time the same money so received beyond Sea may be brought over in Specie to pay the said Bills.  
That the Factors or Agents abroad should not Exchange more than they have advice from England to have been Exported by the Register of the Customhouse, unless Four thousand Pounds a Month may be thought convenient for them to Exchange more for what Passengers ...... and Travellers may carry out and cannot be registered.  
One half per Cent. abroad and one half per Cent. allowed here, will maintain that Charge and the Persons so employed liable to any loss by what they receive that is not good and Standard money  
But let us a little consider the Consequence in case as you surmise, Foreigners should not receive our money at the Value set on it by Act of Parliament.  
Why then you may be sure in such a case our said money will not be Exported, and if we are the Debtors on the balance of Trade( for the payment of the same) our Merchants will rather Export Bullion for the satisfying of such Debts.  
Because with five Pounds worth of the said new money they may purchase as much wrought Plate, Foreign Coin, or Bullion here( or more) than is in five Pounds of our new Current money, whereby the new money will answer to all Intents and Purposes, as if it had the full Weight.  
Now until the balance of Trade is in our favour, our present money Plate and Bullion will be liable to be Exported, and it is better our Plate and Bullion should then our Coin, being the latter is of greater prejudice to our Trade, which will sink as our Coin doth, and money being the Engine by which our Trade is carried on, I cannot yet foresee but the Method proposed will much augment it.   

OBJECTION.  
But I will presume that the Bullion or Plate that may be Imported( or that we have in our Kingdom) may not be sufficient to pay the balance of our Trade, when we shall have Increased that balance one Million and a half from the encouragement, you do propose to give to those that shall Import to us any Foreign Plate, Coin or Bullion.   

ANSWER.  
I cannot foresee how we can Increase our Debt on the balance of Trade from the encouragement that may be given to the Importation of Bullion; for those that may Import to us Bullion( from the encouragement given) will not Import it to Export it again in Bullion, being they will be losers thereby: And therefore undoubtedly the returns of such Plate or Bullion will be in the Manufactory of our Kingdom, whereby we shall not Increase our Debt, but our Trade.   

OBJECTION.  
But the great Value you propose to have put on our Coin, will greatly encourage the Counterfeiting of it, from the profit they'l make thereby that do it.  
And supposing they only Counterfeit the Stamp( of the new raised money) and make each piece of Standard Gold and Silver, it will then be easy in such Case to put off the same without Discovery, and yet the profit will be greater than those have that now practise it; so hereby it will lay a Temptation on Men thereto, and bring many to an untimely End.  
Again, if it be Counterfeited beyond Sea, How shall the Agents or Factors that Change the said money be able for to distinguish the Counterfiet from the real Coin, and all such money that is so Counterfeited will be a loss to the Nation.   

ANSWER.  
I cannot pretend, or can I propose any method whereby to prevent the Counterfeiting of the Coin, or hath any way hitherto been found out by any Nation, for to remedy the same; since such as practise it will run the hazard of the Corporal Punishment that may be inflicted on them for so doing.  
But in Answer to the Objection you make, in respect to the Counterfeiting the proposed new Coin; I desire you would but consider the Conveniencies that attend this Proposal, with the Inconvenience, or weigh the loss with the gain which the Nation may reap by the same, and you will find the latter to over balance the former, which is what I shall endeavour to prove and give by way of an Answer to that part of your Objecton.  
And First, Though it be impossible( or can it be imagined) that in seven Years Four Millions of money should be Counterfeited; yet allowing the same, the Nation cannot be losers by this Proposal.  
For Four Millions of money so Counterfeited of real Standard Gold and Silver, would be but two Millions loss; so that the Nation will be more gainers, if these Proposals shall be thought fit to be put in practise, as for Instance.  
  l. s. d. Interest upon Interest for Seven years of Three Millions of Pounds, at 8 per Cent. per Annum. 2140000 0 0 The Charges of Collecting Three Millions, and the Officers salaries at Twelve-pence the Pound. 150000 0 0 Computing Five hundred thousand Pounds of clipped money that may be exchanged at Fifteen per Cent. 75000 0 0   2365000 0 0  
For it cannot be imagined, under the present circumstances of our Nation in relation to its Coin, that it should be possible for to raise Three Millions in one Year; and more especially if the Land-Tax be continued, and considering what others are in Force. Therefore for the ease of the People, I presume it will be concluded, that settling a Fund will be the most convenient way, and for to pay the Interest of such money as may be lent thereon.  
And if so, the very Interest and Charges on Three Millions of money so lent, will amount in seven Years unto Two Millions, Two Hundred and Ninety Thousand Pounds; then less than Five Hundred Thousand Pounds cannot be computed of the old clipped and worn money, which is not now passable, and would cost the Nation to change( any other way) at least Seventy five thousand Pounds, and I reckon the Exchange of the said money in the method I propose no Charge to the Nation, since were there not any money to Exchange, it would be found very requisite for to give the Fifteen per Cent. encouragement for the bringing in Plate and Bullion to be Coined.  
So that the Advantages arising from these Proposals are,  
That Three Millions of Pounds will be raised for the support of the War in Specie in eight Months Time, supposing the Mint to be able to Coin so much.  
That the said Three Millions so raised, will be but little more than the very Interest of the money, and yet the Principle in seven Years made good.  
Again, Three Millions may be given for the Charge of the War; and yet we shall not have the less to carry on Trade.  
Again, Two Millions Three Hundred Sixty Five Thousand Pounds, saved the Nation by this method, which any other way the Interest and Charges of so much( for so long a time) would cost.  
Again, The Species of money hereby, will be augmented Six Millions, whereby the Nation will be better able to pay their Taxes,( both those already laid, as well as those that may be) the Tenants their Land-lords, the Bank and Bankers their obligations, the Merchants and tradesman to carry on Trade, which will both enrich our Nation, and Increase his Majesties Revenue.  
By this Bank there is no time required or charge created for voluntary Subscriptions, or any probability of the failing of the same proposed to be raised.  
Again, This Bank will be general, and not one that hath sixpence in the World, but will be concerned in it, therefore it will be every ones interest to maintain the Reputation thereof; and no endeavours will be used to Destroy it, as hath been done( by those of the opposite Interest) to the Bank of England.  
By this proposed method, we do certainly secure so much Cash in the Nation as may be Coined of it, which currency of Tallies, Bills and Notes, may otherwise drain us of; and unless we preserve our Seed, it will be in vain for to imagine we should hereafter have any increase more than the proportion we have of it.  
Now as to what money may be Counterfeited in England, it cannot be presumed it will be much, for since our money hath been Called in after many years Currency the Counterfeit money is not Computed in Gold and Silver for to Amount to Twenty five thousand Pounds; and such money which is of a false Coin, those that receive the same( and could not put it off again) have with reason been liable to the loss, the Nation never thinking themselves to be liable to pay for such Mens Ignorance.  
And I cannot think, that more will be Counterfeited, though made of real Standard Gold and Silver, since few that have practised that Trade have been discovered by the passing the same away, but by the Mill and Implements that is required to Coin with, and the informations of their working at it, of which still they run the same hazard; and when the money is so raised, the plenty thereof will take off the necessity that induced many to undertake it.  
And whatever money may be Counterfeited within the Kingdom can be no loss to it in the general, only what may be Imposed on us beyond Sea, which I will in the next place consider.  
That having already proposed a Register to be kept in England of all money Exported, and that the Factors or Agents abroad should Exchange no more than what may be so registered( unless Four thousand Pounds a Month for what Travellers, Soldiers or Seamen may carry out be also allowed) hereby there will with permission be no more Imported than Exported.  
And for the preventing the secret Importation of any more of the said money, that may be so stamped and presumed to be Counterfeited, it will be necessary that all money that is Imported may be Inspected into by the Officers of the Custom-house, and none landed but by a Warrant from them for so doing.  
That it be made Treason for any Master of a Ship knowingly to bring over any of the said money, or any Factor here for to receive it and a reward to either of them ( or any one else that shall discover such money,) of the moiety thereof: Now by these Mothods none of any substance will run these hazards, and those that do it out of more necessity cannot have stock to Import much, and therefore the loss the Nation may hereby sustain, cannot be so great as the advantages Considerable.   

OBJECTION.  
But may not the encouragement of Fifteen per Cent. you propose for the bringing in Plate and Bullion, occasion the melting down our present money to dispose it so?   

ANSWER.  
If they only melt it down, I have in my Proposal in the first page. provided against any such melted Plate receiving the benefit of the Fifteen per Cent. and it cannot be imagined that they can afford to work such up into wrought Plate and get by it, then they have but Fifteen Weeks time to do it in, being after that no Fifteen per Cent. will be allowed to any but the Foreign Plate Bullion or Coin that may be Imported.   

OBJECTION.  
But if we have two Sorts of money, and they of a different weight, it will occasion the Exportation or Hoarding up of the present Current Coin.   

ANSWER.  
I cannot imagine that the present money will be Exported when the new will be of equal Value abroad and here, you may purchase as much Silver in weight with it, as is in the old money, and with permission Export either; and if they should Export the old money they will run hazard to lose it and being punished according to Law.  
Then as to the Hoarding up of such money as is now Current, you must propose an Advantage to such as do it, or else it cannot be imagined they will.  
A Disadvantage to such is very apparent, that thereby they will lose the Interest or Improvement of such money, which at all times will be of no more Value than the other, and in a few Years of like weight also.   

OBJECTION.  
But the encouragement of Fifteen per Cent. will also encourage the Clipping of our old Coin, before they carry it to the Mint to be Exchanged, and what remedy have you to prevent such as will do it?   

ANSWER.  
The remedy will be for to allow the Fifteen per Cent. on the Weight of what is carried into the Mint, and not on the Tale of the money; so let them Clip what they please, they can make no Advantage by it; for as the Weight will be less, so proportionably will be the Advantage thereon.   

QUERE.  
But why may not the money that is already Coined and Current, be raised as well as what shall or may be Coined?   

ANSWER.  
First, If you advance the money that is already Coined and Current, it will be impossible therefrom to recover so much( for the support of the War) as it may be raised to, unless it be called in and new Coined.  
Secondly, While it may be so Coining,( besides the Charge thereof) we should have a stop put to our Trade, and it would plunge us into greater inconveniencies than we have already laboured under, in regard our Paper Credits are at a stand, and like to be until our Coin is more plenty.   

QUERE.  
But why may not the money that is now Coined and Current, and what may hereafter be Coined, be only raised twenty per Cent. for the term of seven Years,( as you propose) and the Owners thereof have the Advantage, and the Importers of Foreign Bullion, Plate, or Coin, which will still be a larger encouragement for the effecting what you propose, and then all our money will be of a proportionable Value.  
And although the public Occasions hereby will not be supplied, yet it will be more agreeable to the People, and in every other respect answer the end you first proposed.   

ANSWER.  
The raising our money in any other method than I have proposed, is liable to many objections besides those that are generally given against raising our Coin in Denomination; I shall only mention some few.  
First, If raised for seven Years only,( by the method you propose) it will never pass abroad or at home for more than the real Value it may have in Silver, and what you purchase with the said money, will be raised in proportion, so that our Cash nor Trade will not be increased by it.  
Secondly, It will be of no manner of Advantage to the Nation in general, and only to such particular Persons, who before such an Advance were Debtors, by any contract made or otherwise, and the Lawyers from the increase of practise, they would have from the several Disputes that would arise by it.  
Thirdly, It would create a great confusion in our Trade, till time reduceth it to a method again; and the like will happen at the expiration of the seven Years, when it cometh to be reduced to the present Standard, and oblige People for the future to make their contracts for so many Ounces of Silver, instead of Pounds Sterling.  
But if the Parliament should think that doubling the Value of the money that I propose to be Coined of a different Stamp, will be too great an Advance, as thereby encouraging the Counterfeiting, it will lie in their powers to raise it in what proportion they please by the same method, and also such Species of it as they may think to be the least liable to Counterfeiting; which will be by leaving out the Gold, and only for to Coin Silver of the new Stamp into half Crowns, Shillings, and Six-penny Pieces.  
And of the Six-penny Pieces, to be Coined one Million and a half, and to pass for one Shilling; of the Shillings to be Coined one Million, and to pass for two Shillings; of the half Crowns, to be Coined Five hundred thousand Pounds of the present Value, to pass for three Shillings and Four-pence.  
Thus, still you raise the sum of three Millions,( to a small matter) for the Charge of the War, and take away the Temptation of Counterfeiting the Valuable Species.  
And since this proposed Advance of our money is but pro tempore, and secured by a good Fund, it will not Import, one Species being of a more real Value than the other.  
For I look on the Species of money so raised, will serve only as a Note or Tally, which being made Obligatory becomes Valuable for so much as it expreseth.  
And this money so raised, will serve in the room of Paper-Notes or Obligations, and be of far more general use, being reduced to a sixpence, or any other sum required in Receipts and Payments, and will have a Currency amongst those that Notes and Tallies would not.  
And the proposed method cannot be properly said to be by raising the Value of our Coin; no more than any one that may have Sold one Hundred Pounds worth of Goods can say he is not paid for them, when he hath received the one moiety in money, and the other in a Bankers or Goldsmiths Note, which he may put off again for the Value he received it at.  
Besides, this method proposed answers the several Objections made against the raising our Coin.  
And with Submission to better Judgments, I cannot but think that this or some other method to increase the Cash of the Nation, is needful for the Advantage thereof in general, although not to such Men as have Sums of money by them, who do prey on the necessity of others. And I think it may be proved that by such Men our money is already raised Eighteeen per Cent. or more; the reasons I offer for it being these.  
That the Gentlemen concerned in the Bank of England, or rather the Bank itself hath not received any such considerable loss, whereby to disable them from paying their obligations. But on the contrary itis very evident that they have mad● considerable profit, and that their noncomplyance hath and doth proceed from the general calamity of the want of Specie in the Kingdom, and not from any ill infringement in the Government thereof; and the said Bank may be said to be in a far better Condition than when first Founded. But the Species of money is really become more Valuable in proportion to the difference between it and a Bank Note.  
And were it not for the general want of Specie, you might believe they could and would pay their Obligations, since they might do it with Eighteen per Cent. rebate, which alone would leave them a very considerable profit.  
The Bank of England was settled when the Clipp'd-Mony was the Current Coin of the Nation. Some time after the People being sensible of the necessity there was to regulate the same, and apprehending they might lose thereby, paid their said Clipp'd-Mony into the Bank, which when the Currency of the same was stopped by Proclamation, the Bank was obliged to sand the same to the Mint to be Recoined, by which means the said Bank itis probable became Debtor for double the Sum of their first Subscriptions, and it cannot be thought they can, or should be made appear they have received the Sum again in Tale from the Mint.  
And upon Examination it will be found that the mayor part of the Gentlemen in the Bank of England, are very considerably more concerned in it, than the amount of the Sixty per Cent. paid in of their several Subscriptions, and even to answer the whole for those concerned in it, and tho not directly applied, answers to the same as if they had Actually paid the other Forty per Cent. Now to have the said Bank to oblige each Member to pay in Forty per Cent. in Specie at Eighteen per Cent. loss when they have Credit with the Bank for as much, and are willing( would it answer the end) to appropriate the same to the Stock? I say it would be hard for to require from them, and it may be impossible to effect it until we have more money in Specie than we have, the want of which alone occations the allowance of Discount between Bank Notes and money, and doth not proceed from any doubt of the Banks Security.  
For it cannot be imagined that the Bank Notes should one Day be worth only Ten or Twelve per Cent. and Two or Three after Eighteen per Cent. discount, and then come to twelve again: Therefore I say the Ebbings and Flowings of the same proceed from the necessity that Men have of Specie, and the Extortion of those that have money by them who have thereby really raised the Value of it.  
Another Argument that proveth that money in effect is risen in its Value( though not in denomination) is, that whereas on Land security, money might be procured at Four and Five per Cent. Interest, now on the like security itis not to be had at Six or Seven per Cent. and I do know that Ten per Cent. hath been offered on a Pawn, which is better than Land security, and was difficult to get it.  
And since the Bank and Bankers Notes, when Current might be reckoned to pass for two Millions of money, and that we have two Millions less by the calling in of the clipped Coin, and one Million by the falling of Guineas, and probably one Million of money Exported, which in all makes Six Millions in one Year, it cannot be Imagined but the Nation must be sensible of the want of such a Sum.  
And itis believed no Parliamentary Taxes for the future can be paid, unless we do increase our Specie; and to increase the same only by calling in our Plate and Coining it, will have this effect.  
That the same will be Exported also unless we prevent it by raising the Value and increasing the Species more considerably than our Plate will do.  
For should we have Peace, itis thought the Coining of all the Plate in the Kingdom will not pay what already is owing on Credit, much less leave wherewith to support our Trade, which if not carried on and encouraged, this iceland will soon feel the evil Consequences thereof.   

OBJECTION.  
But will not Plate and Bullion be dearer by the encouragement you propose to give of Fifteen per Cent?   

ANSWER.  
It will not Occasion its being dearer longer than the time limited for the bringing it into the Mint, for then the demand will be over.   

OBJECTION.  
But supposing on the encouragement that may be given, People do not bring in their Plate as you expect from it.   

ANSWER.  
A Prohibition of the use of it will soon induce them thereto, and the prosecution of these Proposals will lie in the Power of our Legislators, who are better able to judge of the Subject on which I have been Treating, and to whom I humbly Commit and Submit the same.  
September the 10th.    

A complete Catalogue of all the Books lately Printed concerning the Coin. Note, The Letter A shows those who have wrote for the Raising the Coin; the Letter B the contrary: The * those that have performed extraordinary.  
A * 1. A Report containing an Essay for the amendment of the Silver Coin. By Mr. Lownds, 8vo, price 1 s.  
B 2. Some Remarks on a Report, containing an Essay for the amendment of the Silver Coin. By Mr. Lownds, 4to, price 6 d.  
B * 3. The Proposal for the Raising of the Silver Coin of England from 60 pence in the Ounce to 75 pence, considered, with the consequence thereof, in Answer to Mr. Lownds, 4to. By E. B. Esq price 3 d.  
B 4. Objections to Mr. Lownds's Proposal about the amendment of our Coin. 4to 2 d.  
B * 5. Some considerations of the consequence of the Lowering of Interest, and the Raising of the Value of money.  
5. Farther considerations concerning the Raising the Value of money, wherein Mr. Lownds's Arguments for it in his Book are particularly Examined.  
Short observations on a Printed paper, entitled, For the Encouraging the Coining of Silver money in England; and afterwards for the keeping of it here. All 3 by Mr. John lock, in 8vo, 3 s. 6 d.  
A 6. A Discourse of money, being an Essay on that Subject, Historically and Politically handled, with Reflections on the present Evil State of the Coin of this Kingdom, and Proposals for a method for the remedy, in a Letter to a Nobleman, &c. in 8vo price 2 s. 6 d.  
A 7. An Essay for Regulating the Coin; wherein also is set forth, 1. How we have lost that import of Plate and Bullion we formerly had. 2. What is become of the great quantity of money Coined in the Reign of King Charles the II. and the preceding Reigns. 3. The necessity there is at this time to rectify the present Coin of the Kingdom. 4. By what methods the Charge of calling in the present money, and bringing it to a designed Standard may be accomplished. 5. Whether the method proposed for the advancing our Coin,( and the Bullion of which it is made) may be Convenient or Inconvenient to the Trade of the Nation. The Second Edition, with an Additional Proposition for the regulating of the Coin. By A. V. Merchant, 4to, price 6 d.  
B * 8. The regulating Silver Coin made Practicable and easy to the Government and Subject, humbly submitted to the consideration of both Houses of Parliament. By a Lover of his Country, 8vo, price 1 s.  
B * 9. A Discourse of the general Notions of money, Trade, and Exchanges, as they stand in relation to each other, attempted by way of Aphorisms, with a Ltter to a Minister of State farther Explaining the Aphorisms, and applying them to the Circumstances of the Nation, wherein also some Thoughts are suggested for the remedying of the abuses of our money. By Mr. Clements Merchant, in 4to, price 6 d.  
B * 10. A Proposal for amending of the Silver Coins of England, and the possibility of it, without any Charge to the Nation, in two different ways. By Mr. neal, 8vo, 1 s.  
A 11. The Alteration of the Coin, with a feasible method to do it, most humbly proposed to the Parliament; to which is Annexed a Projection or Scheme of reasonable Terms for Establishing a Firm and General Peace in Europe, 4to, 1 s. By Tho. Haughton of Lime-Street, Gent.  
13. The Regulating of the Silver Coin made easy, by Mr. Chambrelain.  
A 14. A Discourse concerning the Coining the new money lighter, in Answer to Mr. Locks Consideration about raising the Value of money. By neck. Barbon, in 12o price 1 s.  
B 15. Decus et Tutamen, or our new money as new Coined in full Weight and Fineness, proved to be for the Honour, Safety and Welfare of England. Written by way of answer to Sir Rich. Temple and Dr. Barbon: To which is added an Essay to preserve our new money from being Hoarded, Melted Down, Transported or Counterfeited. In Twelves, 6 d.  
B * 16. A Letter from an English Merchant at Amsterdam, to his Friend at London, concerning the Trade and Coin of England. 2 d.  
B 17. Sir Tho. Row's Speech at the Council Table about the alteration of the Coin, in July, 1640. With some Observations thereon. 2 d.  
18. A farther Essay for the amending of the Silver Coin, with the opinion of Mr. Gerrard de Malynes, who was an eminent Merchant in the Reign of Q. Elizabeth, concerning the Standard of England, 4to, 6 d.  
B 19. A Treatise concerning the Regulation of the Coin of England, and how the East-India Trade may be preserved and increased. By Roger Cook Esq 6 d.  
B 20. A Letter to a Member of Parliament about the Coin, a Sheet in Folio.  
B 21 A Second Letter to a Member of Parliament, a Sheet in Folio.  
B 22. Sir William Petty's Quantumcunque concerning money, 1682. 2 Sheets in 8vo.  
23. A Discourse upon Coins by signior Barnardo Devanzati, a Gentleman of Florence, being publicly spoken in the Academy there in 1588. Translated out of Italian, By John Tolan, 4to, 6 d.  
24. An Essay for raising the Silver, and lowering the Gold Coin.  
B * 25. A Dialogue between a Country Gentleman and a Merchant, concerning the falling of Guineas, wherein the whole Argument relating to our money is Answered, in 4to. By Mr. Clements Merchant. 6 d.  
B 26. A Word in Season about Guineas, a Sheet.  
27. Reasons offered against passing the Act for making good the clipped money, and making good the deficiency by Bills, Tickets or a Fund, By William Chalnet, a Half-sheet.  
28. Proposals for the raising the Silver money of England to its former State. A Half-sheet, By E. B. Esq  
B 29. No stoppage of the Silver Coin from being carried out of England, by raising the Crown-piece of 5 s. to go by Law for 6 s. 3 d. A Half-sheet.  
30. Some Questions Answered, relating to the Badness of the now Silver Coin of England, A Half-sheet.  
B 31. A Proposal for supplying his Majesty with 1200000, by amending the Coin, and yet preserve the ancient Standard of the Kingdom. By a Gentleman, 4to, price 6 d.  
B 32. A Letter of advice to a Friend, about the Currency of Clipp'd-Mony, wherein all the material Clauses contained in the several Acts made in the 2 last Sessions of Parliament for the Cure of that Evil are recited. The Second Edition; to which is added the Declaration of Q. Elizabeth upon her reforming the Coin, 8vo, 6 d.  
A 33. A farther Proposal for amending and settling the Coin. By a Person of Honour, 4to 2 d.  
B 34. Some short Proposals humbly offered to the Consideration of the Parliament for regulating of the Coin, a Halfsheet.  
B 35. A Letter from a Friend in London to one at Westminster, proposing some particulars for the Regulating the Coin, a Half-sheet.  
36. A View of the Universal remedy for all Diseases incident to Coin, with application to our present Circumstances, in a Letter to Mr. Lock. 8vo, 6 d.  
* 37. Several Assertions proved, in order to Create another Species of money than Gold and Silver. Sept. 8ht 1696. 8vo, price 1 s.  
FINIS.