PROPOSALS easy, Practicable, and Agreeable to the State of the Nation, for a New coinage, and Repairing the Loss in our clipped and Bad Money, without putting any stop to Commerce.  
Proposal 1. THAT the Old clipped Money that is Good, be exchanged, Tale for Tale, without respect to Weight, as fast as New can be Coined.  
Proposal 2. That all the Bad Money, at a very short Warning, be brought in, upon the public Credit, into an Office or Offices for that purpose, and Counted, and the compliment thereof( to prevent the Increase) given in to the Parliament now sitting, to be made good to the Owners, by the public, when convenient, which will prevent the Ruin of Thousands, and make the whole Nation easy, the same being melted down, and new coined into small Money at leisure.  
Proposal 3. For the better Conveniency of a New Coinage, let a sufficient and sure Fund be settled by Act of Parliament to encourage the bringing in of useless and superfluous Silver( such as Tankards, Cups, Pots, &c. in public Houses) at certain Interest, and at the Currant Price: which Silver being first Coined into milled Money, let a Proclamation be issued for the Calling so much of the Old Money in, as the New coined amounts to: Then Coin the Old into New, and let an equal quantity of the Remaining Old be called in, to answer the Product of the First; and so do till all be new Minted. By this Method the Mint will be immediately set at Work, and the Running Cash will not be in the least diminished, during the New Coinage; for the Fund being appropriated to the making Good the Plate to such Persons as bring it in, the Plate will supply the Deficiency of the clipped Money.  
This Way, Commerce will be carried on as effectually, as before the Crying down of our clipped and Bad Money, which is the thing Your Honours, in Your Great Wisdom, are about to provide for.  
Proposal 4. That Three or more New Mills be added to the Tower Mint,( where there is Conveniency enough for Ten) that the New coinage may be performed with greater Expedition.  
Proposal 5. That the Guinneas fall gradually, by One Penny the first Day of every Month; which will prevent Stock-Jobbing of them.  
If the New Money, as fast as coined, were sent into the Exchequer, and the Old, as it came in, sent to the Tower in lieu thereof; all Payments hereafter out of the Exchequer to be made in New Money, and all Taxes paid in Old, the New Money would quickly circulate through the Kingdom, and the country be no more drained of its Cash than as the King's Taxes do it gradually; and this way, 'tis thought, all the Old Money in the country will come to the Mint in less than Two Years, without any Trouble or Charge.  
A Tax might be levied by way of Poll, which would be sufficient for the Service of the Year 1696. for Supplying the Deficiency in our clipped Money, and for other Occasions, without fear of having the Supplies to make good the next Year; and yet every Man save more in bare House-keeping in a Year( the Tax being taken off Land, which raises all Provisions above a sixth part) than he need be Taxed for his Head.