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But all the time a better in Lombard-road, and not a grain of it'll come to the mint, so long as by an underneath-steadiness of commerce, or which different foreign expenses, we contract debts past sea, which require the remitting of larger sums thither, than are imported in bullion." If for above forty years after silver was raised, within the forty-third year of queen Elizabeth, from 5s. to 5s. 2d. the ounce, uncoined silver was not worth above 4s. 10d. per ounce;" -- the trigger was not that elevating of silver in the mint, but an over-steadiness of commerce, which bringing in a rise of silver yearly, for which men having no occasion abroad, introduced it to the mint to be coined, slightly than let it lie lifeless by them in bullion: and at any time when that's the case once more in England, it'll occasion coining again, and not till then. But the passing this invoice won't hinder the exportation of 1 ounce either of bullion or money, which must go, if you contract debts beyond sea; and the way its having been once melted in England, which is another factor proposed in this bill, shall hinder its exportation, is tough to conceive, when even coining has not been capable of do it, as is demonstrable, if it's examined what vast sums of milled cash have been coined in the two last reigns, and the way little of it's now left.

4, besides what we now have already taken notice of, is partly against his bill, and partly mistake. Now I ask, Whether it's not a direct and unanswerable motive against this invoice, that he confesses, that it will likely be "a acquire to these, who will melt down the milled and heavy cash," with so much loss to the general public; and not, as he says, "with very small loss to these, that shall be paid in the brand new," unless he calls 5 per cent. For if growing thus in request, i.e. by lessening its worth, has been the rationale of altering our cash, this modification of coin, or elevating the denomination of silver in ours, and different mints, should have been larger by much, since Henry the Seventh's time, than it was between that and Edward the Third's; because the great change of the worth of silver has been made by the plenty of it poured into this part of the world from the West Indies, not discovered till Henry the Seventh's reign. 2. The latter a part of the part, about raising the value of land, I take the liberty to say is a mistake; which, though a ample reply to an assertion without proof, yet I shall not to date imitate this writer as barely to say things: and subsequently, I shall add this reason for what I say, viz.

And thus the worth of land is raised solely by good husbandry. 3. Or it could also be raised in our author's manner, which is, by raising the rent in tale of pieces, but not in the amount of silver obtained for it; which, in reality, isn't any raising it at all, any greater than it could possibly be accounted the elevating of a man's rent, if he let his land this yr for forty sixpences, which last year he let for twenty shillings. 1. visit the next internet site value of land is raised, when its intrinsic value is elevated, i.e. when it's fitted to bring forth a higher quantity of any beneficial product. In his reply to the fifth objection, there is this dangerous insinuation, That coin, in any country where it is coined, goes not by weight, i.e. has its value from the stamp and denomination, and not the amount of silver in it. The denomination is simply modified to the prejudice of the general public; however as to all the good issues of your trade, the identical quantity of silver is paid for commodities as before, they usually offered of their several foreign markets for a similar amount of silver.

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