REMARKS, WITH Political Observations upon divers Authors, who have lately Treated upon the coin of the Kingdom. WHereas divers Ingenious Gentlemen and others have of late sent into the World, by way of the Press, their sentiments and present thoughts, as to Regulating the Coin of Great Britain's Empory. 1. It's Proposed that every milled Crown Pieces shall pass for six Shillings and 3d. and so in Proportion all Half-crowns, Shillings, six pences, &c. And that Sterling should be at 6s. and 5d. half penny per Ounce. To which it may be answered, There will be a fraction in Payments of money; 6 d 4d. 3d. 2d, and 1d▪ for they should be advanced in proportion to the rest, otherwise they will be melted down. This worthy Author Proposeth farther, That the Standard of our Silver should be 6 s. 5 d. half p●nny per Ounce for all that brings Silver to be Coined; by which it appears there will be 2 d. half penny per Ounce for coinage, which will give all the greater and lesser Banks opportunity to engross and monopolise all silver into their own hands, which is the readiest way to raise the price to 10s . per Ounce; then where will be the Crown Piece at 6 s. 3 d. it being the opinion of this Author: But it is supposed the Standard will rise, and not fall, for what hath been most usually done in past Ages, may be Practised again, as doth appear by taking a view of former Acts relating to our coins from the first year of King Edward the first, to this present year under the Reign of our most gracious King William. In the first year of Edward the first, one Pound weight of Silver, being 12 Ounces Troy, did go for in money here in England, 4 l. 3 d▪ Which after that rate for an Ounce is Twenty Pence farthing; and after that it rose in the several Kings Reigns, as followeth, viz.   l. s. d In the time of Edward the Third 1 2   In the eighteen year of his Reign 1 2 0 In the Nineteenth year of his Reign 1 2 2 In the Twenty Seventh year of his Reign 1 5 6 Richard the Second, in the eighteen year of his Reign 1 5 0 Henry the 4th, it continued in Value 1 5 0 Henry the 5th, in the 9th year of his Reign 1 10 0 Henry the 6th, in the 49th year of his Reign 1 17 0 Edward the 4th, it continued in value 1 17 66 Henry the 7th, it continued 1 17 6 Henry the 8th, in the 1st year of his Reign 2 5 0 Edward the 6th, in the first year of his Reign 2 8 0 In the 6th year of his Reign 3 0 0 Elizabeth, in the 43d year of Her Reign 3 2 0 James the 1st. and ever since continues 3 2 0 And at this valves it is now in his Majesties Mint, which is 5 s. 2 d. per Ounce▪ And is now worth, in Bullion 6 s. 5 d. per Ounce: And it's Evident by what is above that whenever the Price of Silver was raised in England in Proportion to ou● Neighbouring Nations it never abated afterwards; and we may and have ground to believe that some of out East India Trade, and other Trades, make it their business and daily practise to buy up Bullion, and yearly sand it out in Ingots; so that it will still rise, and not fall. Since the Restoration of King Charles II. to this time there hath been Coined in the Mint in milled Money, many Millions, the Sum too great to be exactly name; and it is humbly conceived, if this milled money were in the Kingdom, it would be either be at Interest or in Trade; and then it would be visible, and received in Payments; but instead thereof there is not, for the most part in common Payments, one Pound Received in an Hundred Pounds, which is not above an hundred part of the said milled moneys; whereby it doth appear that the rest is melted down, or carried out of the Kingdom, as aforesaid, to the great prejudice, and greater Impoverishment of the Kingdom, and so will continue, if not remedied; From hence it doth appear that the Standard hath always been raised, and not lowered, except when the East India Company had engrossed it, and sent great quantities to the Indies; and then it did rise not above a penny or two pence per ounce, which signified but little to what it hath, and is like to Rise. Now money being the common Standard of the World, as to Commerce and Community; if England have most money, Goods or moneys worth, it will be most substantial and wealthy, and that it may be so, it ought to furnish it sell from itself, with as many needs of Life as may be by Manufactures, and all Husbandries whatsoever, that it can make or bear, and want as few as we can, and less moneys will serve us, and we shall have store of moneys continually: If the East-Indoa Company were more General and National, then would be sent out more Goods Manufactured, and less Gold and Silver; all Nations would then, by way of Returns, sand their Gold and Silver here, ours being the best Market; and this would in due time, give us the Possession of the true balance of Trade, both as to Bullion and Manufactures. Secondly, Others have Proposed, That the milled Crown, and Half Crown may pass at the price of Sterling, and that New moneys be Coined 19 Penny Weight, and go at the Price of one Ounce of Silver Sterling. This is not consistent with Reason, for then we may be served by the Banks and others, as we are served by the Bakers, to raise it and fall it at every shower of Rain that may happen, as they please. Thirdly, It's Proposed by another, that Silver should be Sold for but 5s . per Ounce, which is less than it hath been Sold for these many years, at home, and in foreign parts; in so doing we shall have all our Silver and money Spirited out of the Kingdom to a better Marker. In all Humility, there might be divers ways Proposed to settle the Coin for a public Good to all, if the Honourable House of Commons would pass a Vote to Order a Leger or Register to be kept in a proper place near the House of Commons, by a Clerk or Clerks Attending a Committee appointed for the purpose, where any of his Majesties Subjects or Strangers, may▪ after the Honourable House, and Lords or the Treasury, Exchequer and Mint, Proposing ways for Regulating the Coin; and for Erecting New Funds for raising the King Money, have liberty to inspect the Books; and if he finds nothing there as to what he intends to Propose, he may then enter it, and he be deemed the first Proposer or Peojector, and have liberty to attend the Committee with his Proposal in Writing, and if Approved of by the Committee, and it pass into an Act or Acts, either in part, or the whole, that Session of Parliament, or any time after, he or they to have a Gratuity, or Place, or salary in the said Fund, as he is most capable of. These Arts and Manufactures being encouraged and added to what we have already, may Advance Englands Interest sufficiently, and make it Rich, Strong and Populous, and Cause an increase of mariners and able Sea-men to a miracle. 1. The Linen Trade, will employ thousands of People, Men, Women and Children in Dressing, Planting of Hemp and Flax, and in spinning all sorts of Yarn for making Fishing Nets, Sail Cloth, canvas, Twine and Line. 2. Advancing che Paper Trade. 3. The Royal Fishery. 4. Will advance the Salt Trade. 5. Introducing the Tin or latin Trade, in tinning ever Iron Plat●s. 6. The cider Trade. 7. encouraging excellent Wines from Goos●●●ries, Currants, &c 8. Enclosing of Forrests, and improving to best Advantage. 9. A more general Discovery, and improvement of Mines. Planting of Maddes, Saflower and would, and will add to our Tillage. These aforesaid Trades will beget a new Stock of People, and being employed, will not only maintain themselves, but add an employ to all the old Profession, which will be Planting a new Nation in the midst of us, and in due time give us the true balance of Gold, Silver, and Trade in general. LONDON, Printed for John Whitlock, near Stationers-Hall. 1695.