To the HONOURABLE the COMMONS of ENGLAND In Parliament Assembled. A PROPOSAL Concerning the COIN of this Kingdom. WHEREAS the Great Difficulty, that appears in this Matter, proceeds from the Consideration, that the Calling in our Money[ at this time] must Occasion a Great Stop in Trade; the Market thereby not able to be Supplied, besides the many further Inconveniencies that may naturally arise: Yet the Necessity for our Coin to be Regulated, is such, That it were much more eligible to be subject to the hazard of some Mischiefs, than not put a stop[ in due time] to that growing Evil: which to prevent, it's Humbly Proposed, as an Expedient, to render it easy and practicable, from these four following Heads. First, BY Supplying our Market while our Money is a Coining. Secondly, BY Making Good the Deficiency of the Mint. Thirdly, BY Preserving our milled and Broad Money, till the time of Calling in our clipped Money. Fourthly, BY making EASY the FALL of Gold, which is[ now] become the general and currant Cash of the Nation. As to the Two First Heads, it's proposed: THAT a FUND( being made for a Lottery of a Million, or more, if thought fit, to be Advanced by such Persons only, as shall purchase their Interest, by bringing in Plate, forthwith, to be Coined before the Money be called in) would certainly Answer in lieu of Bullion, to give an immediate Supply to the Market, keep our Money circulating, and remove all Objections. THE Quantity of the Superfluous Plate in this Kingdom is so considerable, which, together with the Useless Plate in public Houses, being Prohibited, it's not to be doubted, but a Million, or Two, might be soon Advanced. ESPECIALLY when we consider the Price that Plate now bares, and how desirous the People are of coming into another Lottery, as plainly appeared by the Prizes and Blanks in the Million Adventure, when once past the hopes of another Lottery, the last Sessions, advanced from Six Years Purchase to Seven and an half. THE Way and Method for all such Persons as shall be Proprietors in this Adventure is proposed, That they carry their Plate to the Mint, there to receive Tickets according to the Value, Accounting so many Ounces as shall be proportioned to a Ticket; and for every odd Sum that shall happen over and above, to receive a Note for the same, Payable at a certain time, after Coining. BUT if it shall be thought fit to have such Plate brought into the Bank, thence to be Transmitted to the Mint, to return in Coin; the Mint will be greatly eased, considering the Work upon their hands, and the Money made much more Defusive. FOR the Bank thereby being enabled to answer the Defficiency of the Mint, all Persons of Worth and Credit, that shall bring their Money to be coined, will readily take Notes upon the Bank, for what shall fall short; which being for their ease, and having a free Credit, the Million or more in Specie will remain in the Bank to supply the Poorer sort of People, that can afford no Credit, having no more than bare subsistence. SO consequently the Bank will supply the Mint, and the Mint be able to supply the Bank before Occasion: Therefore no possibility of Stoppage in Commerce, or want of Current Money. BY these means, not only the present Occasion is answered, by Facilitating the coinage of all the Money, but a Million or more in Specie is created; without which, it's directly sinking a Million, or more, from what was in the Nation before, which is conceived can hardly be spared at this time. AS to the Third Head, by preserving our milled and Broad Money, &c. IT cannot be supposed the Million, or more, that arises from the Plate brought into this Lottery, can be completed, and turned into Coin in less than Twelve Months; therefore may be Naturally Objected, That all our milled and Broad Money, will either be melted down, or clipped in that time. It's Answered thus: That if the Parliament shall, in their Wisdom, think fit to give Encouragement to all Persons, that shall bring in such Money into His Majesty's Exchequer by a certain time; and shall allow Bills of Credit to be issued out from thence, to pass as Payment till such time as the same is coined; would certainly preserve it from being clipped, or debased, and add greatly to the Circulation of Trade; giving hereby a supply for Commerce of so much as now lies butted, and of nouse. AS to the Fourth Head, by making easy the fall of Gold, &c. GOLD being the general Cash of the Nation, will certainly affect the poor and middle sort of people most: And upon a sudden, and severe fall, it may occasion a greater Inconvenience than at present can be imagined, or fit to be inserted: Though some may say[ as Gold did rise, so let it fall] yet this Answer tends not( with submission) to the quiet of the Government, or to the ease of the Subject. Therefore, in tenderness to both, It's humbly Proposed, That if this Honourable House shall adjudge it necessary to settle the price of Guineas, viz. That from Week to Week, or from Month to Month, proportionably, they shall gradually fall Two Pence per Guinea: By these Means the Loss will be easy; and that which must render it the more acceptable, will be the Natural Force of Payments; and the greatest Loss will Center among those that have been the greatest Gainers, viz. the Hoarders of our Coin. SO that upon a Calculation, in a Years time, or less, One or Two Millions may be Coined in Specie from the Plate,( if thought convenient to grant a Fund for so much) besides the milled and Broad Money, that certainly will be brought into the Exchequer, upon such Consideration, which may modestly be computed not to be less than Ten or Twelve Hundred Thousand Pounds. THE whole then amounting to near Three Millions; it cannot but be allowed as sufficient to Answer the immediate demands, upon our clipped Money being called in: And by that time we shall be ready to Exchange our Silver; Gold, by the Gentle Fall of Two Pence a Week, or proportionably per Month, will come to its old Center. IN the mean time the Money that passes, which is almost Impossible to be made worse; and some part of the Gold we have being quartered, together with the Bills Issued out from the Exchequer, for what Moneys shall be brought in; besides, the Advantages of Bank Credit will certainly maintain our Trade in a free Circulation; considering our Support( for this Year past) has been by the same means, without this Addition of Coining Notes from the Exchequer, for above a Million, and more; which is the least that can be expected to be brought in, upon a Consideration given by this Honourable House. Humbly Proposed by Thomas Haynes. REASONS, Humbly Offered to this Honourable House, concerning the coin